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District Heating & Cooling Market: Economies of Scale offered by District Heating & Cooling Systems to Augment their Installation Worldwide.

11-04-2016 08:43 AM CET | Energy & Environment

Press release from: TMR Research Reports

District Heating & Cooling Market: Economies of Scale offered

With no big player holding dominance, the global district heating and cooling (DHC) market currently exhibits low concentration of component suppliers. A majority of the companies in the market operate either in local or regional level. The proximity to customers, helps these companies avoid incurring extra operational cost, states Transparency Market Research (TMR) in a report.

TMR has estimated the global market for direct heating and cooling systems to exhibit a CAGR of 6.2% and 5.8% in terms of energy sales revenue and volume, respectively between 2016 and 2024. Expanding at this rate, the market is projected to reach US$243,428.3 mn by the end of 2024. Based on volume, the market is forecast to reach 12,187,491.8 tera joules by 2024.

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Currently, the district heating segment leads the market based on technology. It held over 90% of the market in 2015. Regionally, Asia Pacific dominated the global market with a share of 55% in 2015. The increasing importance attached to ensuring energy efficiency and favorable government initiatives have augmented the growth of the market in the region.

Economies of Scale Ensured by District Heating and Cooling Systems Augment their Demand Globally

“The primary reason behind the growing popularity of DHC systems is the excellent flexibility they offer in terms of using myriad energy options, depending on load profile and condition of the utility grid,” observed the TMR report’s author. DHC system operators help keeping check on the overall operation cost by easily switching between the available heat sources during fluctuations in heat generation costs. Besides this, the conducive incentive schemes and regulatory mechanisms facilitate faster market penetration, thereby reinstating confidence of enterprises operating therein.

“The impressive savings achieved from the district-wide installation of heating and cooling systems has led to the expansion of the global DHC market,” said a lead TMR analyst. These systems are also fuel efficient in nature, which makes them environmentally friendlier than conventional heating and cooling technologies. Additionally, DHC systems scale up impressively since they can serve an increasing number of household, require lesser space, and ensure better management of systems. Driven by these factors, the global DHC market is expected to exhibit robust growth in the forthcoming years.

Browse Report with Full TOC at : http://www.transparencymarketresearch.com/district-heating-cooling-market.html

High Initial Cost Required for Installing DHC Systems and Advent of Alternatives Could Hamper DHC Market

Installing DHC system requires high initial cost for the construction of pipeline networks, connections, and plants, which is a key factor hampering the market’s trajectory. The need for expensive equipment such as boilers, heat absorbers, chillers, heat pumps, heat accumulators, and heat exchangers for the system to run unhindered also creates bottlenecks for the market. Additionally, the advent of off-grid and renewable energy systems, coupled with the rising share of decentralized energy systems, is a key factor restraining the market’s overall growth. With an increasing number of commercial and industrial facilities and households producing heat and electricity through renewable sources and CHP, the demand for centralized DHC systems could suffer in the near future.

Nonetheless, awareness regarding long term cost-savings offered by DHC systems, combined with favorable government incentives will boost adoption of these systems across emerging economies. This will in turn create opportunities for the growth of the global DHC market in the near future.

The report segments the global district heating and cooling market as:

Global District Heating and Cooling Market: Consumption Analysis by Technology Type

District Heating
District Cooling

Global District Heating and Cooling Market: Generation Analysis by Components Type

Chillers
Boilers

Global District Heating and Cooling Market: Distribution Analysis by Components Type

Pipes
Pressure Pumps
Valves

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About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

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