District Heating and Cooling Market in China to hit the consumption of 5,000 PJ by 2024: Top Players are SNC Lavalin, Empower Contracting, Ramboll, Siemens, National Central Cooling Company (DFM: Tabreed), DC PRO Engineering

District Heating and District 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 district 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.

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District heating and district 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. 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

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
District Heating and Cooling Market, By Application
• Residential
• Commercial
o College/University
o Office Buildings
o Government Buildings
o Others

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Rising investments toward the development of commercial & residential establishments across the transpiring economies coupled with stringent energy efficiency protocols will drive the district heating and district 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.

The rising quest for achieving carbon neutrality has significantly impelled the growth of district heating and district 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.

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 district 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.

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

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Better quality of air and sustainability, improved production capabilities and easy compatibility are among the key advantages that will drive the district heating and district cooling market share. Further, the technology is widely used across the commercial and residential establishments on the account of their providing electricity, ability for trigeneration and heat & cool simultaneously. Growing use of wasted thermal energy to generate power thereby reducing the GHG emissions is one of the major parameters positively impacting the industry landscape.

Although the global district heating and district cooling market entertains the deployment of fossil fuels like gas and coal to power the centralized DHC hub, there is a significant untapped potential to upgrade the systems to enable them to employ renewable energy sources like solar, solid bio-fuels, different geothermal technologies, low ambient temperatures and waterbodies. The availability of these cost-competitive clean energy sources makes DHC becomes an extremely worthwhile, cost-effective, and viable service, the rising adoption of which would impel DHC market trends. According to Global Market Insights, Inc., the overall DHC market is expected to exceed an annual energy consumption of 19,000 PJ by 2024.

Key industry players across the district heating and district 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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