Solar District Heating Market size to exceed $7bn by 2025
Published Date: August 13, 2019 Authors: Ankit Gupta, Abhishek Chopra
Solar District Heating Market size is set to exceed USD 7 Billion by 2025, as reported in the latest study by Global Market Insights, Inc.
Rigorous energy efficiency protocols coupled with government directives toward emission reduction will propel the solar district heating market growth. Changing climatic conditions on account of rising surface temperature coupled with growing adoption of sustainable energy technologies will boost the industry growth. The U.S. EPA, in 2018, proposed emission regulation for reconstructed, new and modified power plants. The proposed regulation will replace the Carbon Pollution Standard which had recognized NSPS to limit CO2 emissions from fossil fuel powered plants.
The U.S. solar district heating industry demand will witness a growth of over 6% by 2025. Increasing investments toward development of commercial and residential infrastructure along with growing concerns toward emission reduction will positively influence the business outlook. In addition, the accelerating demand for sustainable, efficient and reliable heating systems along with stringent green building codes and standards will positively influence the industry growth.
Increasing investments toward development of large commercial and industrial establishments including data centers, hotels, manufacturing, chemicals and pulp & paper plants will propel the large-scale systems. Furthermore, favorable regulatory norms toward adoption of sustainable heating technologies coupled with rapid industrialization across the emerging economies will complement the business outlook.
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Ongoing technological advancement, extensive product & development activities, relatively lower thermal losses, sustainable heating and energy efficient are some of the prominent features which will boost the product demand. Large potential of thermal energy as a vital source to provide heat and energy across various districts will provide prominent opportunities for industry expansion.
Browse key industry insights spread across 370 pages with 650 market data tables & 31 figures & charts from the report, “Solar District Heating Market Outlook By System (Small [Residential, Commercial, Industrial], Large [Residential, Commercial, Industrial]), By Application (Residential, Commercial [College/University, Office Buildings, Government/Military], Industrial [Chemical, Refinery, Paper]) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share, & Forecast, 2019 - 2025” in detail along with the table of contents:
Rapid urbanization and industrialization across the emerging economies along with improvement in standard of living and rising disposable income of people will propel the solar district heating market share. Accelerating investments toward infrastructure development coupled with upsurge in primary energy demand primarily from developing nations will complement the business outlook.
Residential application segment of SDH market is projected to surpass USD 3 billion by 2025. Increasing spending toward construction of houses and apartments along with stringent government norms and mandates to reduce carbon emissions will propel the industry growth. In addition, the increasing penetration of small-scale systems across single family houses owing to rapid development of inner-city areas will boost the product demand.
Favorable regulatory reforms toward infrastructure development along with rising renewable investments across the nations will boost the Asia Pacific solar district heating market growth. Ongoing government policies, rapid urbanization, and increasing spending in the development of residential establishments have significantly nourished the industry outlook. For instance, the Japan has around 86 DHC operators currently working across the Japan in the past decade. In addition, rapid economic growth, growing industrial activities along with the accelerating heating demand will positively influence the product demand.
Eminent industry players operational across the SDH industry includes Savosolar, Fortum, Aalborg CSP, Goteberg Energi, Arcon-Sunmark, Kelag, Cetetherm, Keppel DHCS, Vattenfall, Korea District Heating, STEAG, Logstor, Statkraft, Orsted, RWE and Ramboll.