Europe district heating market to observe substantial gains over 2018-2024 | Price Trends, Competitive Market Share & Forecast

Touted as offering one of the most reliable and eco-friendly heat delivery methods, the district heating market allows the flexibility to tap into multiple sources for generating heat, including renewable energy, and supply it to residences as well as commercial spaces. Government mandates across all the regions are indicative of the efforts to reduce the use of energy sources which emanate high ratios of greenhouse gases and adopt alternatives with low CO2 emissions. The district heating industry segment has evolved to supply heating that is more efficient as compared to traditional systems and more pocket-friendly than having individual boilers. Further, the worldwide upsurge in energy demand alongside the massive urbanization and industrial development being observed will stimulate the expansion of district heating market.

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With the potential to achieve considerable reduction in energy wastage and bills for consumers, the district heating market reached an estimated valuation of over USD 180 billion in 2017. The facility to incorporate diverse energy sources into a centralized heat generation and distribution network has presented vast opportunities for governments to decarbonize heat sources in the long run. Such a network can be supplied with surplus energy from power plants, industrial processes, waste management facilities, geothermal sources and gas-based or biogas fueled CHP units. Consequently, a large quantity of valuable energy will not be lost without cause and can be used to generate heat for utilization in homes and businesses.

Even unused energy obtained from sustainable sources like wind or solar installations can now be routed to a district heating facility. In addition, not being dependent on a solitary heat source will ensure substantial reliability and service continuity, a key factor in the impulsion of the district heating market.

To outline the present scenario of the district heating industry, U.K. is a prominent region having a magnitude of facilities set up to supply cost-effective, environment-friendly and quick heating services. As per records, there are more than 17,000 heat networks in the U.K., with approx. 91% located in England and 6% in Scotland. Governments in the U.K. are ramping up efforts to encourage the district heating market, with a latest example being the Glenrothes Energy Network in the Glenrothes town of Scotland.

Commercial district heating market is anticipated to expand over 6% by 2024. Growing initiatives toward energy security along with rising demand for sustainable heating technologies will propel the industry growth. The ability of DH systems to offer enhanced reliability, economic feasibility and operational performance across commercial establishments will favor their deployment across the industry landscape. Rapid technological advancements, most notably the development of pre-insulated piping solutions will further facilitate the industry expansion.

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China, in 2017 accounted for over 30% of the global market in terms of installed capacity. Strengthening government efforts to mitigate air pollution and promote sustainable heating solutions across end-users will propel the industry growth. The ministry of Housing and Urban-Rural Development has planned to enhance the capacity of indoor heating zone across the Southern China’s upper belt, where the temperature in winters falls below 50 C. In addition, the World Bank has approved a loan of USD 100 million in 2016 for the Hebai province of China toward the establishment of green heating installations.

Notable industry participants across the global market include Fortum, Goteborg, Vattenfall, STEA, Statkraft, Shinryo, RWE, Ramboll, Ørsted, NRG, LOGSTOR, Korea District Heating Corporation, Keppel, Kelag and Hafslund.

District Heating market research report includes in-depth coverage of the industry with estimates & forecast in terms of PJ and USD from 2013 to 2024, for the following segments:

Browse key industry insights spread across 324 pages with 472 market data tables & 46 figures & charts from the report @ https://www.gminsights.com/industry-analysis/district-heating-market

District Heating Market, By Source
• CHP
• Geothermal
• Solar
• Heat only Boiler
• Others

District Heating Market, By Application
• Commercial/Institutional
• College/University
• Office
• Government/Military
• Residential
• Industrial
• Chemical
• Paper
• Refinery

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