District Heating and Cooling Market in commercial segment to reach USD 150 billion by 2024 | Top Key Players like amboll, Siemens, DC PRO Engineering, Marafeq Qatar, Shinryo Corporation, Danfoss, Stellar, Veolia, Vatten

District heating and cooling market in commercial segment 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.

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District heating and cooling market 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. However, this obstacle also provides a massive opportunity for CHP plants to effectively harvest the immense heat byproduct to produce steam, to heat or to chill water and then effectively cool or heat the surrounding residential or commercial complexes through a DHC network.

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

1. SNC Lavalin
2. Empower Contracting
3. Ramboll
4. Siemens
5. National Central Cooling Company (DFM: Tabreed)
6. DC PRO Engineering
7. Marafeq Qatar
8. Shinryo Corporation
9. Danfoss
10. Stellar
11. Veolia
12. Vattenfall
13. Fortum
14. Ørsted
15. Statkraft, STEAG GmbH

Solar district heating and cooling market was valued over USD 4 billion in 2017. Ease of installation, lower operating cost, economic viability and environmental performance are some of the major factors which will propel the technology adoption. The European Commission, as per its SDH plan aims at deploying and promoting of SDH systems across Italy, Denmark, Germany and Czech Republic. The plan further aims to add a capacity of around 8 GWth by 2020.

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China district heating and cooling market is projected to exceed the consumption of 5,000 PJ by 2024. Rising demand for thermal energy across the commercial and residential sector coupled with rapid economic development will increase the product penetration. Escalating industrialization & urbanization owing to refurbishment of the existing infrastructure will positively impact the industry landscape. In 2016, a loan of USD 100 million was approved by the World Bank for the refurbishment of sustainable heating infrastructure across the province of Hebai.

Solar district heating and cooling market was valued over USD 4 billion in 2017. Ease of installation, lower operating cost, economic viability and environmental performance are some of the major factors which will propel the technology adoption. The European Commission, as per its SDH plan aims at deploying and promoting of SDH systems across Italy, Denmark, Germany and Czech Republic. The plan further aims to add a capacity of around 8 GWth by 2020.

The U.S. district heating and cooling market is set to exceed consumption of 700 PJ by 2024. Growing demand for sustainable and efficient space heating and cooling solutions on account of upsurge in investments toward the development of commercial and residential establishments will boost the industry growth. Ongoing government initiatives to promote efficient & green technologies along with stringent regulatory norms toward CO2 emissions will positively impact the product demand. In 2015, the U.S. EPA introduced carbon emission regulations pertaining to new power plants. The regulation also incorporates the NSPS standards to restrict the emissions from coalfired and natural gas plants.

According to a 2017 report on SHC by the International Solar Energy Society, over 30 GWth of new solar thermal capacity was authorized in 2017 alone, boosting the global capacity to over 470 GWth. Global Market Insights, Inc., claims that the overall district heating and cooling market share from solar power was pegged at $4 billion in 2017, primarily driven by the low operating costs, environmental viability, and ease of installation. Solar power is likely to be majorly adopted across developed as well as developing nations, especially across Europe. Indeed, the European Commission has targeted a deployment of SDH systems across Denmark, Italy, Czech Republic, and Germany, with plans to extend a capacity of 8 GWth by 2020.

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

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Technological advancements in the CHP systems to provide sustainable power generation along with the increasing adoption of sustainable standards and codes will foster the commercial district heating and cooling market growth. In addition, the increasing investments pertaining to real-estate industry coupled with ongoing development across the service sector will increase the product demand. Innovative energy efficiency solutions, energy management systems and refurbishment of sustainable heating infrastructure will further complement the industry growth.

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.

Rising investments toward the development of commercial and residential establishments across the transpiring economies coupled with stringent energy efficiency protocols will drive the district heating & cooling market. Lower thermal losses, flexibility of fuel options, high operational performance, ability to combat current cost pressures and ongoing technological advancements are some of the key parameters that will substantially augment the product demand.

Key industry 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.

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