District Heating Pipeline Network Market to Surpass $600 Billion by 2024: Analysis by Leading Players Uponor, BRUGG Cables, REHAU, Perma Pipe, LOGSTOR, Thermaflex International, Huntsman Corporation, Aquatherm North America
The U.S. district heating pipeline network market is projected to surpass 5,000 Km by 2024. Ongoing adoption of clean energy technologies coupled with growing penetration of District Heating (DH) systems across the commercial and residential establishments will embellish the business growth. As per the IDEA, 289 heating systems out of 601 are district energy systems in the nation.
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The expansion and modernization of existing heating networks coupled with ongoing legislative reforms related to sustainable energy technologies will fuel the district heating pipeline network market growth. Rapid industrialization and urbanization across the developing countries along with government focus towards energy efficient buildings will further drive the industry growth. The "Renewable Energy Directive" of European Union has introduced standards for the reduction of emissions caused by industrial establishments.
Polymer district heating pipeline network market is projected to witness growth owing to its increasing application as a service pipe in DH systems. Ongoing innovations in the pipe material coupled with rapidly developing thermoplastic technologies will drive the industry growth. Low carbon emission, ease of transport, and corrosion free are some of the prominent features which will positively impact the product demand.
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Government assisted R&D initiatives toward the development of efficient insulating materials along with increasing usage of small scale heating technologies across residential buildings will stimulate the 20mm - 100mm diameter pipes. Increasing usage as a service pipe on account of its ease to transport, installed, and rolled in the constructions will positively influence the product penetration.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. Perma Pipe
12. Golan Plastic
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Growing suburban population leading to investment toward real-estate sector will embellish the district heating pipeline network from residential applications. Government-backed renewable technology targets will further complement the industry outlook. As per the World Bank, in 2016, urban population in India increased to 33.14% when compared with 32.37% in 2014.
China market is set to witness significant growth on account of growing funding toward commercial and residential establishments across the nation. Ongoing government initiatives to encourage deployment of energy-efficient systems will further propel the district heating pipeline network market. With the support of EU, the Government of China has launched China-EU partnership and EU-China 2020 strategic agenda with an objective to strengthen the nation's urban infrastructure.
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