District Heating and Cooling Market Analysis By Top Players: SNC-Lavalin, Empower Energies, Inc., Ramboll, Qatar District Cooling Company - Qatar Cool, Siemens, National Central Cooling Company (DFM: Tabreed), Danfoss, ADC Energy Systems

The global district heating and cooling market is poised to witness an accelerated growth in the consequent years, primarily owing to growing environmental concerns. Driven by the urgent need to curb carbon emissions, global and regional governments have enforced suitable regulatory measures that have further upheld this industry. As per estimates, the global DHC market was valued at approximately over $200 billion in 2017 and is anticipated to double its remuneration by 2024, given that emerging economies are increasingly investing in the development of various commercial and residential establishments that have a centralized heating and cooling system.

The rising quest for achieving carbon neutrality has significantly impelled the growth of district heating and cooling market in the recent years. In a bid to attain the stringent carbon and emission control targets, several countries are deploying massive district heating & cooling systems in the growing residential and commercial sectors. Being a centralized system that delivers chilled, hot water, or steam to multiple buildings through a network of pipelines and generates less carbon emissions, the DHC systems are gaining momentum as an effective source over boilers & chillers.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/2877

According to Global Market Insights, Inc., District Heating and Cooling Market size will exceed USD 400 billion by 2024. and the annual energy consumption will reach over 19,000 PJ by 2024. Increasing implementation of regulatory policies pertaining to carbon emissions coupled with growing adoption of sustainable energy technologies will stimulate the district heating & cooling market share. Changing climatic conditions on account of accelerating surface temperature range will boost the industry growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. DC PRO Engineering
2. Marafeq Qatar
3. Shinryo Corporation
4. Stellar
5. Keppel Integrated Engineering Limited
6. Veolia
7. Vattenfall
8. LOGSTOR
9. Fortum
10. Göteborg Energi
11. Wien Energie GmbH
12. ENGIE
13. NRG Energy
14. Ørsted
15. RWE
16. Statkraft
17. STEAG GmbH

Commercial district heating & cooling market will witness a growth on account of growing adoption of building codes and standards coupled with the development of combined heating and cooling technologies to provide sustainable energy solution. In addition, the flourishing service sector across the developed nations along with rising investments toward real-estate industry will encourage the product adoption. Ongoing expansion of efficient heating infrastructure, innovative energy efficiency solutions and energy management systems will further accelerate the industry growth.

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/2877

Residential sector is set to grow owing to stringent regulatory mandates introduced by the government organizations toward building emissions and conventional heating & cooling systems. Increasing penetration of the small-scale DHC systems across Tier-II & Tier-III cities will propel the business growth. In February 2016, the European Union proposed the “EU heating & cooling strategy” to cater to the exploring issues and challenges and provide sustainable and energy efficient solutions to the member nations.

District heating and cooling market size from combined heat and power (CHP) market is slated to grow by approximately 6% over 2018-2024. According to the International District Energy Association, traditional power plants are extremely inefficient when it comes to generating power as they only extract and convert only about 35%-40% of the energy from the fuel to generate electricity and the remaining 60%-65% of energy is turned into heat which is then released into a local waterbody or into the atmosphere through a smokestack. The association deems this extreme inefficiency to be a massive problem.

As the energy is primarily produced through various sources including CHP (combined heat and power), solar, geothermal, free cooling, absorption cooling and other various sustainable technologies, these systems are energy efficient and much more cost effective. These advantages have significantly fueled the adoption & importance of district heating and cooling systems which in turn have garnered lucrative remuneration. The market’s sheer valuation of USD 200 billion in 2017 stands as a vivid validation to the fact that this business sphere is witnessing massive expansion across myriad geographies.

Increasing investments toward the development of residential & commercial establishments across the emerging economies along with favorable regulatory policies pertaining to energy efficiency will propel the district heating and cooling market size. Technological advancement, ease of compatibility with various sources, lower thermal loses, and high operational efficiency are some of the underline parameters which makes its adoption preferable when compared with other conventional technologies.

District Heating and Cooling Market, By Energy Source

• District Heating
o CHP
o Geothermal
o Solar
o Heat only boilers
o Others
• District Cooling
o Free Cooling
o Absorption Cooling
o Heat Pumps
o Electric Chillers
o Others

Browse key industry insights spread across 440 pages with 551 market data tables & 75 figures & charts from the report, District Heating and Cooling Market in detail along with the table of contents:

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

Given the transforming technology trends across the globe and countless governmental initiatives, the global district heating and cooling industry share is expected to nothing but proliferate in the years ahead. A report compiled by Global Market Insights, Inc., forecasts the annual energy consumption to surpass 19,000 PJ by 2024 and estimates the global valuation to hit an outstanding USD 400 billion mark in the coming six years.

The U.S. district heating & cooling market is set to exceed consumption of 700 PJ by 2024. The growing awareness and stringent norms toward sustainable & energy efficient space heating & cooling solutions have uplifted the growth of the U.S. district heating and cooling market. Increasing investment toward the development of the residential & commercial establishments along with ongoing government initiatives to promote green technologies have made U.S. a lucrative hotspot for potential investors.

China district heating and cooling market is set to exceed the consumption of 5,000 PJ by 2024. Rapid economic growth along with large scale deployment of heating & cooling systems will encourage the product adoption. The rising industrialization and urbanization trends in the country have majorly favored the regional district heating and cooling market growth. Beyond this, it is also important to mention that in 2013, China recorded its carbon emissions exceeding 10 billion tons, accounting for 28% of the overall global emission & outstripped the combined amount for the United States and EU.

Singapore is another prominent region which is emerging as an important investment ground in the Asia Pacific district heating and cooling industry. A French firm ENGIE, has recently made it to the headlines for investing nearly USD 80 million in Singapore's district cooling projects to be developed over the coming five years. Reports claim that ENIGE is a renowned player in district heating and cooling industry and its systems are typically 50% more energy efficient than individual cooling solutions, while also generating 50% less carbon emission.

Top Key players across the district heating and cooling market includes Emirates District Cooling (Emicool), LLC, SNC Lavalin, Pal Technology, Empower Contracting, Ramboll, Qatar Cool, Siemens, National Central Cooling Company (DFM: Tabreed), ADC Energy Systems, DC PRO Engineering, Marafeq Qatar, Shinryo Corporation, Danfoss, Stellar, Keppel Dhcs Pte. Ltd., Singapore District Cooling Pte Ltd, Veolia, Vattenfall, LOGSTOR, Fortum, Göteborg Energi, Helen Oy, Wien Energie GmbH, Cetetherm, ENGIE Services Nederland NV, Kelag Warme Gmbh, Korea District Heating Corporation, NRG Energy, Ørsted, RWE AG, Statkraft AS and STEAG GmbH.

Browse Related Reports: https://www.gminsights.com/industry-analysis/solar-epc-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: http://industry-source.org

This release was published on openPR.