Worldwide District Heating & Cooling Market 2019-2024 | Revenue & Growth Forecast by Product, Material & Industry Players

District heating & 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.

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According to the association, CHP plants witness fuel efficiencies of around 75%-80% on a regular basis. Additionally, they significantly boost operating efficiencies while decreasing the carbon footprints, thereby providing a massive scope for the expansion of district heating & cooling market from the CHP energy source. The rapid shift from traditional power generation plants to CHP plants is thus slated to augment CHP-based district heating & cooling market.

Rising investments toward the development of commercial & 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.

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 & 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.

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 & 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.

Eminent players serving the district heating & cooling market includes Stellar, Keppel, Veolia, Vattenfall, ADC, Korea District Heating, Goteborg, Cetetherm, Tabreed, Shinryo, Engie, SNC Lavalin, STEAG, Danfoss, Empower, Emicool, Qatar Cool, Logstor AS, Pal Technology, Fortum, Ramboll and NRG Energy.

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Glimpse of Table of Content (ToC)

Chapter 4 District Heating & Cooling Market, By Energy Source
4.1 District heating & cooling market share by energy source, 2017 & 2024
4.2 District Heating
4.2.1 CHP
4.2.1.1 Global market from CHP, 2013 - 2024
4.2.1.2 Global market from CHP, by region, 2013 – 2024
4.2.2 Geothermal
4.2.2.1 Global market from geothermal, 2013 - 2024
4.2.2.2 Global market from geothermal, by region, 2013 – 2024
4.2.3 Solar
4.2.3.1 Global market from solar, 2013 - 2024
4.2.3.2 Global market from solar, by region, 2013 – 2024
4.2.4 Heat only boiler
4.2.4.1 Global market from heat only boiler, 2013 - 2024
4.2.4.2 Global market from heat only boiler, by region, 2013 – 2024
4.2.5 Others
4.2.5.1 Global market from others, 2013 - 2024
4.2.5.2 Global market from others, by region, 2013 – 2024
4.3 District Cooling
4.3.1 Free cooling
4.3.1.1 Global market from free cooling, 2013 - 2024
4.3.1.2 Global market from free cooling, by region, 2013 – 2024
4.3.2 Absorption cooling
4.3.2.1 Global market from absorption cooling, 2013 - 2024
4.3.2.2 Global market from absorption cooling, by region, 2013 – 2024
4.3.3 Heat pumps
4.3.3.1 Global market from heat pumps, 2013 - 2024
4.3.3.2 Global market from heat pumps, by region, 2013 – 2024
4.3.4 Electric chillers
4.3.4.1 Global market from electric chillers, 2013 - 2024
4.3.4.2 Global market from electric chillers, by region, 2013 – 2024
4.3.5 Others
4.3.5.1 Global market from others, 2013 - 2024
4.3.5.2 Global market from others, by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/district-heating-and-cooling-market

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