Press release
Global District Heating and Cooling Market is Anticipated to Flourish at a CAGR of 5.7% by 2023 | Top Key Players – Cetetherm, ADC Energy Systems, Emirates Central Cooling Systems Corporation, Danfoss
The global District Heating and cooling market accounted for USD XX.X Billion in 2017. Further, the market is expected to reach to a valuation of USD XX.X Billion by the end of 2023. Moreover, it is anticipated to flourish at a CAGR of 5.7% during the forecast period i.e. 2018-2023.
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Growth Drivers & Barriers
Growing awareness about environmental protection and changing the preference of manufacturers from conventional to energy efficient heating and cooling technology are believed to spur the growth of the district heating and cooling market in the upcoming years. Further, growing urbanization and industrialization are some of the major factors behind the growth of district heating and cooling market.
District heating and cooling market is witnessing gamut of industry activities such as partnership, acquisition, joint venture, and expansion across the globe. For instance, on December 19, 2018, Engie entered into a joint venture with Newcastle City Council (NCC) for 40 years to develop and operate district energy schemes within the city. In addition to this, on the same day, Engie Deutschland GmbH entered into an agreement to acquire OTTO Luft-und Klimatechnik GmbH & Co. KG (OTTO). This acquisition is expected to strengthen the company leading position for ventilation and air conditioning, cooling technology, and building automation.
Further, rising demand for thermal comfort and government initiatives to adopt district heating and cooling systems is spearheading current and future growth prospects of the market. In addition, emerging economies such as China, India, and Saudi Arabia offers untapped opportunities for the district heating and cooling market over the upcoming years.
However, factors such as difficulty in district heating and cooling system implementation is likely to negatively impact the demand for district heating and cooling market.
Regional Outlook:
In terms of geography, the district heating and cooling market is analyzed into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these regions, Asia Pacific is slated to account for the highest percentage of market share in overall district heating and cooling market during the forecast period. Rise in demand for cooling owing to high temperature and increasing investment on infrastructure projects are believed to intensify the growth rate of Asia Pacific district heating and cooling market in the upcoming years. In addition to this, dense population and growing per capita income in this region, are the major factors driving the growth of the market in the Asia region.
Segmentation
The research offers a comprehensive analysis of district heating and cooling market with respect to following sub-markets:
By Energy Source
- District Heating
- CHP
- Geothermal
- Solar
- Others
- District Cooling
- - - Free Cooling
- - - Absorption Cooling
- - - Heat Pumps
- - - Electric Chillers
- - - Others
By Application
- Residential
- Commercial
- Industrial
By Geography
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as
- Cetetherm
- ADC Energy Systems
- Emirates Central Cooling Systems Corporation
- Danfoss
- Engie
- Keppel Corporation Limited
- Korea District Heating Corporation
- Logstor A/S
- Emirates District Cooling LLC
- Ramboll Group A/S
- Other Major & Niche Key Players
Browse Full Report With TOC@ https://www.kdmarketinsights.com/product/district-heating-and-cooling-market
Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Barriers in Global District Heating and Cooling Market
3. Global District Heating and Cooling Market Trends
4. Opportunities in Global District Heating and Cooling Market
5. Recent Industry Activities, 2018
6. Porter's Five Forces Analysis
7. Global District Heating and Cooling Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8. Global District Heating and Cooling Market Segmentation Analysis, By Energy Source
8.1. Introduction
8.2. Market Attractiveness, By Energy Source
8.3. BPS Analysis, By Energy Source
8.4. District Heating Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.1. CHP Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.2. Geothermal Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.3. Solar Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.4.4. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5. District Cooling Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5.1. Free Cooling Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5.2. Absorption Cooling Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5.3. Heat Pumps Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5.4. Electric Chillers Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
8.5.5. Others Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global District Heating and Cooling Market Segmentation Analysis, By Application
9.1. Introduction
9.2. Market Attractiveness, By Application
9.3. BPS Analysis, By Application
9.4. Residential Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Commercial Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Industrial Market Value (USD Billion) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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