Press release
District Energy Pipeline Market to See Incredible Growth During 2027
District Energy Pipeline Market: IntroductionDistrict energy pipeline refers to a network of cold and hot water pipes, typically buried underground, that are used to efficiently cool and heat buildings. District energy pipes are equipped with electric wires for moisture surveillance.
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Key Drivers and Restraints of Global District Energy Pipeline Market
Increase in investments in adoption of district heating systems to cater to several heating requirements such as space heating and water heating is expected to drive the global district energy pipeline market. District energy pipeline is used to distribute the heat generated in a centralized location from district heating systems to establishments.
Introduction of several regulations to reduce carbon emissions by enhancing the utilization of renewable technologies and increase in demand for space heating systems are anticipated to fuel the global district energy pipeline market during forecast period. Prevalence of extreme climatic conditions in the U.S., China, and Europe is also expected to boost the market. According to the Norwegian Meteorological Institute, the average temperature in Southern Finland ranges between 000C to -400C during winters.
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Need for low operation & maintenance costs, decrease in heat losses, high efficiency, and longer shelf life is boosting the district energy pipeline market. Surge in demand for low carbon emission materials and corrosion free materials is propelling the district energy pipeline market. Furthermore, rise in adoption of renewable technology based heating is promoting the adoption of global district energy pipelines.
Lack of awareness about the benefits of district heating & cooling system is a key factor that is expected to hamper the global district energy pipeline market in the near future
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Polybutene-1 Material Segment to Hold Major Share of Global Market
The global district energy pipeline market can be segmented based on material, application, end-user, and region
In terms of material, the global district energy pipeline market can be classified into polybutene-1, cross-linked polyethylene, and others. Polybutene-1 is extensively used in the district energy pipeline market. The segment is expected to expand at a significant pace during the forecast period, as polybutene-1 exhibits high pressure capability, flexibility, no corrosion, and low heat loss features.
In terms of application, the global district energy pipeline market can be bifurcated into district heating and district cooling
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Europe to Dominate Global District Energy Pipeline Market
In terms of region, the global district energy pipeline market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
The market in Europe is anticipated to expand significantly during the forecast period due to the rise in investments in construction of green buildings. Introduction of stringent regulations to restrict GHG emissions by enhancing the adoption of renewable technologies is a key factor attracting investments in the development of green building construction. The European Commission has introduced Energy Performance of Building Directive to minimize carbon emissions. As per the directive, all new buildings need to be nearly zero-energy by 2020.
North America is also projected to hold large share of the global market during the forecast period owing to the increase in focus on enhancing energy security and improving air quality
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The district energy pipeline market in Asia Pacific is estimated to expand at a moderate pace during the forecast period. Growth in construction activities in developed and developing nations, including India and China, is anticipated to boost the market in the region. Rapid industrialization, increase in purchasing power, and rise migration of the people from rural to urban areas are further likely to augment the market.
The district energy pipeline market in Middle East & Africa is projected to expand at a sluggish pace during the forecast period owing to the increase in demand for small scale cooling systems in residential establishments along with government assisted R&D initiatives. Furthermore, efforts of policymakers to diversify energy mix are also anticipated to boost the market in the near future.
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