Global District Heating Market Overview And Prospects – Includes District Heating Market Report
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The global district heating market is expected to grow from $164.31 billion in 2021 to $171.26 billion in 2022 at a compound annual growth rate (CAGR) of 4.23%. The global district heating market size is expected to grow to $202.21 billion in 2026 at a compound annual growth rate (CAGR) of 4.24%.
Government initiatives to improve heating infrastructure are expected to propel the growth of the district heating market.
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The district heating market consists of sales of district heating systems by entities (organizations, sole traders, and partnerships) that refer to an underground infrastructure element that distributes thermal energy from a central energy plant or plants to different buildings. The plant’s steam or hot water is distributed around the clock using underground thermal pipe networks that are well insulated. The thermal energy is delivered to the building’s heating system so that the need for individual building boilers can be eliminated. It increases efficiency and greatly helps in controlling emissions.
Global District Heating Market Segments Include:
By Plant Type: Boiler, Combined Heat and Power (CHP), Others
By Heat Source: Coal, Natural Gas, Renewables, Oil and Petroleum Products
By Application: Residential, Commercial, Industrial
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Western Europe is the largest region in the global district heating market in 2021.
Rapid technological development is a key trend in the district heating market. The major companies operating in the district heating sector are developing innovative technologies with a major focus on sustainability to meet the fast-growing end customer demands and strengthen their market position.
TBRC’s District Heating Market Report Covers:
Major Market Players: Alfa Laval, Danfoss, FVB Energy, Keppel, LOGSTOR, Ramboll Group, Shinryo Corporation, STEAG, Vattenfall, Vital Energi, NRG Energy, Enwave Energy Corporation, SP Group, and Xylem.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The District Heating Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides district heating market overviews, analyzes and forecasts market size, share, district heating market players, district heating market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s district heating market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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