Press release
Growth of District Heating Market Forecast to 2024 in a Newly Released Report Profiling Fortum, Goteborg Energi, Vattenfall AB, Statkraft AS, Shinryo Corporation, RWE AG, Ramboll Group A/S, NRG Energy
District Heating Market is predicted to reach over USD 250 billion by 2024.
The data in this District Heating market research is collated via multiple channels including but not limited to primary and secondary sources, databases, business specific references and others. The study aims to offer not only commercial data but also includes analysis of important factors, technical as well as market-oriented insights. Players in the District Heating market including established companies, new entrants and everyone in between this industry chain covering suppliers, experts, manufacturers, service providers, traders, distributors, consumers / clients and others may find value in this research. Companies profiled include Fortum, Goteborg Energi, Vattenfall AB, STEAG GmbH, Statkraft AS, Shinryo Corporation, RWE AG, Ramboll Group A/S, Oslash;rsted, NRG Energy, LOGSTOR A/S, Korea District Heating Corporation, Keppel DHCS Pte Ltd, Kelag Warme Gmbh, Cetetherm.
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Commercial district heating market is predicted to gain over 6% by 2024. Growing demand for sustainable & advanced heating technologies coupled with active measures toward achieving energy security will support the buisness growth. The capability of DH systems to provide high operational performance, enhanced reliability and economic feasibility across commercial applications will accelerate the adoption of systems. Furthermore, the development of advanced technology solutions including pre-insulated piping network will encourage the district heating market growth.
China district heating market in 2017, contributed to more than 30% of the global market share. Effective government measures to curb air pollution and promotion of sustainable solutions for heating across consumers will complement the business landscape. For instance, the ministry of Housing & Urban-Rural Development has announced to increase the capacity of indoor heating zones across the upper belt in Southern China, with temperature falling below 50 C during winters. Moreover, in 2016, the World Bank had accepted a loan of worth USD 100 million for Hebai province of China for establishing the green heating deployments.
Strict government standards and policies toward adoption of green & sustainable technologies and reducing the CO2 emissions will foster the Russia district heating market. By 2020, the country has planned to reduce the GHG emissions by 75% compared to the levels in 1990. Rapid modernization and renovation measures toward existing traditional heating systems to attain energy efficiency will encourage the product adoption.
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Ongoing adoption of government regulations toward limiting carbon emissions along with advent of advanced technologies toward reusing and recycling the waste energy will augment the Industry growth. For instance, as per the Clean Air Act, the U.S. EPA has regulated the elimination of toxic air pollutants including SO2, NOx and CO2, emissions. As per the European Union, the DH system based on Combined Heat & Power (CHP) emits lesser carbon emissions, up to 60 % in comparison to the traditional boiler-based heating systems fueled by the same source.
Solar district heating market is anticipated to expand over 8% by 2024. Key features including, ease of installation, lower operational cost, economic viability and environmental performance will enhance business landscape. The European Union is promoting the installation of solar DH systems, as per its SDHtake-off plan, across Denmark, Germany, Austria, Italy and Czech Republic. The program has added a capacity of about 500 MWth of SDH systems along with government plans for further addition of over 8 GWth till 2020.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3 District Heating Industry Insights
Chapter 4 District Heating Market, By Source
Chapter 5 District Heating Market, By Application
Chapter 6 District Heating Market, By Region
Chapter 7. Company Profiles
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