District Heating Market 2021 Growth Analysis, Scope and Strategic Outlook – Vattenfall AB, Fortum, Danfoss Group

The Global District Heating Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2026). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global District Heating market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The district heating market was valued at USD 449.43 million in 2020 and expected to reach USD 672.26 million by 2026 and grow at a CAGR of 7.04% over the forecast period (2021-2026).

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Top Companies in the Global District Heating Market: Vattenfall AB, Fortum, Danfoss Group, Engie, NRG Energy, Inc., Statkraft AS, Logstor A/S, Shinryo Corporation, Vital Energi Ltd., Alfa Laval AB, Ramboll Group A/S, Orsted A/S, Keppel Corporation Limited

Industry News:

- February 2020 -- Vattenfall and the Deutsche Telekom subsidiary Power & Air Solutions signed an energy supply contract (Corporate Power Purchase Agreement, CPPA) based on solar power with a term of ten years. The renewable electricity comes from a new solar park, which will be built by the customer in Mecklenburg-Western Pomerania in mid-2021. The plant will have an installed capacity of 60 megawatts (MW).
- February 2020 -- ENGIE Africa and its subsidiary AUSAR Energy launched the construction of 8 hybrid solar power plants at remote sites in the Northwest, in partnership with the Caisse des Dpts et Consignation du Gabon. Its a major pilot project to give energy access to isolated villages and help the environment.

Market Overview:

- The district heating provides a method of delivering thermal energy to buildings (homes and commercial space) in the form of hot water through a distribution network of highly insulated pipelines. Whereas, the potential for increased use of industrial district heating is limited. This is so because conversions of industrial processes to district heating involves varying heat loads amongst types of industries and processes.
- However, the conversion to district heating serves as an 11% reduction in the use of electricity, a 40% reduction in the use of fossil fuels along with total energy end-use saving of 6% among industries.
- By converting the industrial processes, it has led to a potential reduction of global carbon dioxide emissions by 112,000 tons per year. However, the residential and commercial markets are expected to hold a significant share of the market.
- For instance, in February 2020, six district heating projects using wood chips are expected to be operational at public buildings in Nova Scotia by November 2020. The Government recently pre-qualified companies to design, build, and operate systems that use wood chips from private woodlots. As per Deputy Minister of Lands, 100 public buildings have been identified for conversion to district heating under this program.

Segment by Type
CHP District Heating
Geothermal District Heating
Solar District Heating
Others

Segment by Application
Commercial
Residential
Industrial
Others

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Europe Holds a Significant Share in the District Heating Market

- District heating systems utilize and distribute heat from many sources, which are traditionally seen as a by-product and go to waste. Waste heat from electricity production, forestry residuals, and other renewable energy sources, municipal waste, to name a few. Additionally, estimations reveal that heat going to waste from electricity production and large industries in Europe is substantial to meet all of Europes heating demands.
- Moreover, Aarhus, Denmark, represents a fast-growing city with a consistent increase in residents. The AffaldVarme Aarhus operated as a district heating supply for the city and announced its focus on saving energy. The company targeted the reduction of its energy consumption.
- Germany is considered to be one of the largest markets utilizing district heating systems. Back in 2018, nearly 14% of households were connected to a district heating system in Germany. Whereas, Hamburg stood out with its district heating network supplying 19% of all households. This figure is expected to rise by 2020 by adding 50,000 homes to the district heating network, as per Fluid Flow.

Key Reasons to Purchase:
 
- To gain insightful analyses of the market and have comprehensive understanding of the global District Heating market and its commercial landscape.
 
- Assess the production processes, major issues, and solutions to mitigate the development risk.
 
- To understand the most affecting driving and restraining forces in the market and its impact in the global market.
 
- Learn about the market strategies that are being adopted by leading respective organizations.
 
- To understand the future outlook and prospects for the District Heating market.

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