District Heating & Cooling Market Scenario & Industry Analysis 2019-2025| ENGIE SA, Shinryo Corporation, Fortum Oyj, Emirates Central Cooling Systems Corporation (Empower), Tabreed, Emicool, Ramboll, and Dalkia

The global district heating and cooling market size is projected to cross USD 320.0 billion by 2025. Several nations are now taking efforts towards improving their conventional heat generation, distribution and transmission infrastructure to reduce carbon footprints and make a resilient heat supply system.

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The study covers the global district heating and cooling market size on the basis of value (USD Billion) and volume (TWh) over a period between 2013 and 2025. The report covers the global district heating and cooling market shares for each of the segments including type, application and region. It further includes qualitative insights of the market such as drivers, restraints, PESTEL analysis, value chain and market opportunities. Additionally, we have provided a detailed analysis of the district heating and cooling market scenario for key countries of each region.

Developed economies such as the European Union, Russia, Japan and Australia are in compliance with the Kyoto Protocol climate reforms and have accordingly started to implement future carbon emission control targets. This has strongly helped in the expansion of the global district heating and cooling market size over the recent years. As a consequence, incorporation of district energy systems have helped these regulations compliant nations in catering to the peak energy demand, especially during the conventional baseload failures.

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Combined heat and power (CHP) is now a significantly utilized energy source technology. It converts second or third stage heat generated in steam or gas turbines into reusable heat sources. This technology is considered as another important growth supporting factor for boosting the global district heating and cooling market size, owing to its capability of producing high electricity at a local level combined with waste heat, thus improving the primary energy efficiency of the heat and electricity systems.

District cooling has witnessed a fast projection in the market growth, and is considered to rise at over 8% CAGR during the forecast period, owing to the globally increasing energy consumption in space cooling in Asia Pacific, Middle East & Africa and South America. GCC countries constituted more than 30% of the global district cooling market share in 2017. Furthermore, district cooling serves as an alternative over environmentally hazardous hydro fluorocarbons (HFCs) and hydro chlorofluorocarbons (HCFCs) refrigerants. This in turn, is expected to drive the district cooling market demand till 2025.

Low usage of primary energy such as electricity & water, reduced chemical consumption, minimized noise, and availability of free roof space are the major benefits offered via district cooling. Capability of integration with renewable sources is another important attribute for performance. Electric cooling, free cooling, absorption chilling and cold/thermal storage are the key technologies used in offering district cooling.

The commercial sector is expected to offer a vast scope for the development of global district heating and cooling market over the coming years. Hotels & restaurants, hospitals, retail shops, shopping malls, data centres, government buildings, educational institutions, office spaces, IT parks, and sports & recreation are the key commercial sub-sectors that utilize district heating and cooling. The commercial sector held 18.3% of the global district heating and cooling market share in 2017.

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ENGIE SA, Shinryo Corporation, Fortum Oyj, Emirates Central Cooling Systems Corporation (Empower), Tabreed, Emicool, Ramboll, and Dalkia are some of the major players accounting for a significant district heating and cooling market share. ENGIE SA has gained significant presence globally, with over 300 district heating and cooling networks spread across Europe, Asia, North America, and Middle East and Africa. Dalkia is a prominent provider of district energy, with more than 350 systems in France. Tabreed has approximately 70 district energy plants located in the GCC nations. Shinryo Corporation has about 80 operational district energy plants in Japan alone.

Key segments of the global district heating and cooling market

Type Overview, 2013 - 2025 (TWh) (USD Million)

District heating
District cooling

Application Overview, 2013 - 2025 (TWh) (USD Million)

Residential
Commercial
Industrial

Regional Overview, 2013 - 2025 (TWh) (USD Million)

North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Russia
Italy
Denmark
Finland
Asia Pacific
China
Japan
South Korea
India
Southeast Asia
Latin America
Brazil
Middle East & Africa
GCC

Adroit Market Research is an India-based business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market's size, key trends, participants and future outlook of an industry. We intend to become our clients' knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code- Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.

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