District Heating and Cooling Market Size to reach $365480 Million by 2027 | Valuates Reports

In 2020, the global District Heating and Cooling market size was US$ 186770 million and it is expected to reach US$ 365480 million by the end of 2027, with a CAGR of 10.1% during 2021-2027.

District energy, both heating and cooling, tie together the energy generating sources in a city with buildings and facilities having a need for heating and/or cooling. Instead of each building having its own heating or cooling system, the energy is delivered to several buildings in a larger area from a central plant. The water-based distribution system guarantees that heat and cooling arrive safely to the end-users.

With district heating, energy is saved overall, as it takes advantage of resources that would otherwise not be have been used, making it an efficient and sustainable solution to satisfy the local heat and cooling demand in a city.

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District Heating and Cooling Market Segment Review

Global District Heating and Cooling key players include ENGIE, NRG Energy, Fortum, Empower, ADC Energy Systems, STEAG, Ørsted A/S, etc. Global top seven manufacturers hold a share of about 25%.

Asia-Pacific is the largest market, with a share of about 30%, followed by Europe and North America, which have a share of about 40 percent.

In terms of product, District Heating is the largest segment, with a share of about 90%. And in terms of application, the largest application is Residential, followed by Commercial, Industrial.

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District Heating and Cooling market is segmented by region, by country, company, type, application, and by sales channels. Players, stakeholders, and other participants in the global District Heating and Cooling market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

District Heating and Cooling Market by Type

o District Heating
o District Cooling

District Heating and Cooling Market by Application

o Residential
o Commercial
o Industrial

Major Players in the District Heating and Cooling Market

o ENGIE
o NRG Energy
o Fortum
o Empower
o ADC Energy Systems
o STEAG
o Ørsted A/S
o Tabreed
o Vattenfall
o RWE AG
o Goteborg Energi
o Logstor
o Shinryo
o Emicool
o Keppel DHCS
o Statkraft
o Ramboll

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This release was published on openPR.