District Heating Pipeline Network Market size is set to surpass USD 660 billion by 2028, according to a new research report by Global Market Insights Inc.
Market growth is attributed to the strict government energy conservation measures coupled with a positive outlook toward integrating sustainable technologies. The growing demand for clean space-heating technologies across residential, commercial, and industrial establishments will proliferate the business landscape. Moreover, the introduction of favorable policies, schemes, and rebates to boost sustainable technologies to further propel the industry value during the forecast timeframe.
Rapid developments in thermoplastic technologies will positively sway the demand for polymer pipelines
Over the years, polymer pipelines have witnessed noteworthy growth owing to the ongoing technological advancements in thermoplastic technologies. These units are gaining a bigger industry share because of the features including flexibility, corrosion-free nature, electrical & thermal insulation, low weight, and an economical cost to performance ratio. Polymer pipes are flexible and can be transported easily in rolls, making them a preferred option over alternatives. In addition, these pipes find wide applications as service pipes across residential, commercial, and industrial applications and can easily withstand temperatures of up to 95OC, further spurring their deployments as district heating pipelines during the forecast timeframe.
Browse key industry insights spread across 370 pages with 631 market data tables & 31 figures & charts from the report, “District Heating Pipeline Network Market Size, By Pipe (Pre-insulated Steel [20 – 100 mm, 101 – 300 mm, ≥300 mm], Polymer [20 – 100 mm, 101 – 300 mm, ≥300 mm]), By Diameter (20 – 100 mm, 101 – 300 mm, ≥300 mm) By Application (Residential, Commercial [College/University, Office Buildings, Government/Military], Industrial [Chemical, Refinery, Paper]), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028” in detail along with the table of contents:
Increasing demand for clean energy to stimulate the market expansion
The 20 – 100 mm diameter pipelines are usually deployed in residential establishments with minimal heat load and moderate peak heat load demand. Burgeoning investments across single-family & multistory residential apartments will impel the product adoptions. Favorable subsidies & rebates offered by regulators to promote the use of sustainable HVAC technologies will influence the demand for district heating technology across the residential establishments, further fostering the industry progression for small diameter pipes. Furthermore, the rising penetration of multistory residential establishments across emerging economies is anticipated to accelerate the market demand in the coming years.
Growing investments in commercial establishments will drive the market revenue
The influx of funds in developing & refurbishing commercial establishments including offices, universities, and governmental building is projected to register significant industry demand during the forecast timeframe. Governments of various countries have introduced stringent building emission standards and green building codes, enhancing clean & energy-efficient technology requirements including district heating. Additionally, developing nations have showcased a substantial rise in technological deployments due to the ongoing urbanization and changing consumer spending behavior. However, increased disposable incomes have further augmented the demand for better college & university infrastructure.
Favorable regulatory frameworks will provide a positive outlook toward the regional growth
Asia Pacific district heating pipeline network market is expected to observe a 5.5% growth rate till 2028. Rising renewable investments coupled with supportive regulatory reforms for clean technologies will boost the industry expansion. Rapid urbanization, supportive policy frameworks, and increasing investments in the real estate sector will complement the market progression in the region. China is one of the biggest district heat producers, thereby posing as one of the biggest markets for the industry. Moreover, the country is responsible for over 35% of the global heat produced through district heating, thereby complementing the APAC growth potential.
Research & development along with strategic collaborations among market players will fuel the industry demand
The key participants operating in the market are Microflex, Aquatherm, Isoplus Fernwärmetechnik, BRUGG Pipes, Perma-Pipe, PIPELIFE INTERNATIONAL GmbH, LOGSTOR Denmark Holding ApS, and Uponor Corporation. These companies are engaged in R&D activities to develop innovative technologies and gain a competitive edge in the industry.
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