Press release
Geothermal District Heating Market Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027
Geothermal district heating utilizes geothermal energy for distributing heat generated in a centralized location through a system of insulated pipes for commercial and residential heating requirements such as water and space heating. It is extensively used in areas with sufficiently high density of population and need for heat during winters.
Currently, more than 5,000 district heating systems are operational in Europe. This includes more than 240 geothermal district heating systems. The size of the geothermal district heating system can vary from 0.5 MWth to 50 MWth.
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Key Drivers and Restraints of Global Geothermal District Heating Market
Increase in installation of cost effective and compact size district heating system to meet the demand for hot water and space heating applications in commercial and residential sectors is likely to drive the global geothermal district heating market. Minimal maintenance requirements, high efficiency, and low fuel consumption are some of the key parameters of the geothermal district heating system that are projected to drive its adoption.
Introduction of government initiatives and rise in funding for the construction sector; increase in spending on commercial & residential embodiment; and strong economic growth are expected to augment the global geothermal district heating market during the forecast period
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Key Players Operating in Global Market
Leading companies operating in the global geothermal district heating market include:
Danfoss
ALFA LAVAL
Fortum
STEAG GMBH
RWE AG
Ramboll Group A/S
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