District Heating Market size to exceed $180bn by 2026

District Heating Market size is expected to surpass USD 180 Billion by 2026, as reported in the latest study by Global Market Insights, Inc.
 

The growing demand for space heating across the industrial, commercial and residential sector will drive the district heating industry size. DHS on account of their ability to achieve low thermal losses, high energy efficiency and curb carbon emissions have witnessed significant predominance for diversified applications. Consequently, the industry growth is being steadily infiltrated by new & advanced district heating systems on account of intensifying focus on clean & green energy generation. In addition, the rising awareness to cycle waste energies coupled with the introduction of stringent emission standards will proliferate the business landscape over the forecast timeline.

 

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Growing energy efficiency measures complementing the geothermal based district heating systems adoption

Over the years, geothermal energy has emerged as one of the leading DHS sources across the globe. Unlike electricity production, geothermal resources can also be utilized effectively for heating purposes even if their temperature lies at the lower end of the spectrum. Initially the deployment of such systems was restricted to regions which hold substantial hydrothermal potential. But the advent of new technologies has raised the penetration of these systems across various other regions. For instance, in a recent study conducted by the European Union, in 2015 over 200 Geothermal district heating systems are actively involved in supply of heat energy to various commercial and residential premises. High dependency on fossil fuels and cost effectiveness are some of the prominent factors favoring the deployment of these units over other available counterparts.
 

Browse key industry insights spread across 310 pages with 472 market data tables & 47 figures & charts from the report, “District Heating Market Outlook By Source (CHP, Geothermal, Solar, Heat Only Boilers), By Application (Residential, Commercial {College/University, Office, Government/Military}, Industrial {Chemical, Refinery, Paper}), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, Poland, Russia, Sweden, Finland, Italy, Denmark, UK, Slovakia, Austria, Czech Republic, France, China, Japan, South Korea), Price Trends, Competitive Market Share & Forecast, 2020 – 2026in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/district-heating-market
 

Increasing investments toward the establishment of new commercial centers will boost the installation of commercial DHS

Over the last decade, commercialization across various countries and regions has witnessed significant gains on account of the flourishing service sector industry. The major industrial countries such as UK and the U.S. have strengthened their focus toward the development of their service sector industry outlook. As a result of which construction of new IT parks, SEZ’s and data centers have risen substantial. Moreover, to comply with the introduced emission reduction standards, developers are adopting various energy efficient technologies including DH systems. The introduction of several stringent building emission norms and growing investments toward the deployment of green building structure will accelerate the commercial district heating application in the forecast period.
 

Growing concerns toward high carbon emissions will provide impetus to European district heating industry growth

Europe with countries, such as Poland, Germany, Finland, Sweden, Denmark, Italy, and the UK, are considered as the leading markets for district heating globally. The countries across the region consider district heating as vital opportunity to decarbonize the heating. For instance, as per the European Union DH systems is anticipated to fulfil 30% of the region’s heating energy needs by 2030. Presently Russia ranks as one of leading district heating nation with more than 70% of the total heat demand is being catered by such systems. Supportive government policies coupled with growing concern toward the carbon reduction will embellish the industry size over the forecast timeline.
 

Notable players operating across district heating market share comprise of Shinyro Corporation, Statkraft, Ramboll, Logstar, NRG Energy, Vattenfall, Dong Energy, STEAG, Goteborg Energi, and Kelag Warme amongst others.
 

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