District Heating Market Overview
According to a recent survey conducted by ChemView Consulting, the Global District Heating Market grew at a CAGR of 5.6% between 2017-2021 and is estimated to be US$ 1,51,327.4Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.5% and is expected to reach a valuation of US$ 2,58,489.1Mn by 2032 end.
In the market for district heating, the idea of waste heat recovery is becoming more well-known. There is a demand for waste heat recovery solutions since local governments are uniquely positioned to enhance district energy systems in many capacities. To integrate publicly or privately held waste heat, many communities are implementing heat tariffs that consider the cost of connection and the backup plan to ensure supply.
The district heating industry is becoming more conscious of the benefits of integrating energy into urban planning, which results in the most efficient use of energy and helps to maximize local resources by promoting mixed-use zoning & compact land use.
ChemView Consulting has analyzed that urbanization is one of the global megatrends, and the need for district heating is increasing due to ongoing urban expansion. Due to the rising population movement from rural to urban areas, public spending has been rising. As a result, the need for heating has been steadily increasing, and as a result, significant investments have been made in the district heating industry. District heating systems are made possible by structured infrastructure advances by growing urbanization. Demand for sustainable, effective, dependable utility services, such as district heating and electricity generation, is increasing in metropolitan areas
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The CHP segment is anticipated to register the second-highest CAGR of 6.9% during the projected period. As a result of CHP plants’ ability to minimize capital expenditure, offer economies of scale, reduce heat loss to the environment, and replace the usage of fossil fuels for district heating, greenhouse gas emissions are reduced.
Segments Covered in Report
By Heat Source:
- Coal
- Natural Gas
- Renewables
- Oil and Petroleum Products
- Others
By Component:
- Boiler
- Insulated Pipeline
- Pumps
- Heat Exchanger
- Heat Meters
- Others
By Plant Type:
- Boiler Plants
- Combined Heat and Power
- Others
By Application:
- Residential
- Commercial
- Industrial
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Key Takeaways from the District Heating Market
- Based on the heat source, the natural gas heat source sector is anticipated to have the greatest CAGR, at 5.9% during the projected period. Since it is more efficient than electric heat pumps, it is mostly utilized for district heating.
- Based on the plant type, The CHP segment is anticipated to register the second-highest CAGR of 6.9% during the projected period. As a result of CHP plants’ ability to minimize capital expenditure, offer economies of scale, reduce heat loss to the environment, and replace the usage of fossil fuels for district heating, greenhouse gas emissions are reduced.
- Based on the region, with a market share of 67.8%, Europe is anticipated to experience considerable growth over the forecast period. In the area, there is a significant increase in the need for energy and heating. The site even has prolonged periods of low temperature, which raises the need for heating water in residential, commercial, and industrial settings.
Competition Summary
Key companies covered in the market study are Fortum, Vattenfall, ENGIE, Danfoss, Statkraft, LOGSTOR, Vital Energiv, Kelag, SHINRYO CORPORATION
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Report Key Highlights and Coverage
- Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
- Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
- The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
- Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
- Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
- Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
- Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
- Key drivers, restraints, opportunities, and emerging trends impact market growth.
- Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
- Strategic market analysis, recommendations, and future headways on crucial winning strategies.
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