Global District Heating Market is valued approximately at USD 175.42 billion in 2019 and is anticipated to grow with a growth rate of more than 3.50% over the forecast period 2020-2027. A district heating system is referred to a system where heat is generated in the form of hot water or steam. Further, it is distributed to the desired end use locations via insulated pipes. The essential component of any district heating system includes production, distribution and consumption. It is produced in an eco-friendly way that is helpful in reducing greenhouse gas emission. The rapid growth in government initiatives regarding reducing greenhouse gas emission across the globe is propelling the growth of market over the forecast years. For instance: in June 2019, Environment Protection Agency, issued greenhouse gas emission for the fossil fuels-fired power plants in the Affordable Clean Energy (ACE) rule. The rule comprises of prescribed technologies required to be used by coal-fired power plants to improve their heat rate and significantly reduce carbon dioxide emission. Also, on 12th December 2015, India signed “Paris Agreement” along with 175 countries with commitment of reducing greenhouse gas emission intensity of its GDP by 33-35% by 2030. Also, India decided to creating over 40% of power capacity based on non-fossil fuel resource along with additional carbon sink of 2.5-3 billion tons of CO2 by 2030. In addition, increasing demand for energy efficient and cost-efficient heating systems is the factor propelling the growth of market. however, high infrastructure cost is the factor hampering the market growth.
The regional analysis of global District Heating Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the technological advancement and digitalization in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing urbanization and industrialization would create lucrative growth prospects for the District Heating Market across Asia-Pacific region.
Major market player included in this report are:
NRG Energy, Inc.
Alfa Laval AB
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Heat source Heat sources of key players. The detailed segments and sub-segment of the market are explained below:
By Heat source:
Oil & Petroleum Products
By Plant Type:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global District Heating Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers