Global Solar District Heating Market Outlook, Opportunities And Strategies – Includes Solar District Heating Market Research
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The global solar district heating market is expected to grow from $2.52 billion in 2021 to $2.73 billion in 2022 at a compound annual growth rate (CAGR) of 8.14%. The solar district heating market is expected to grow to $3.77 billion in 2026 at a compound annual growth rate (CAGR) of 8.42%.
The growing adoption of sustainable energy is driving the growth of the solar district heating market.
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The solar district heating market consists of the sale of solar district heating systems by entities (organizations, partnerships, and sole proprietors) that refer to systems that consist of thermal collectors that capture solar heat to generate hot water. The thermal collector captures energy from the sun into thermal transfer fluid, which is transferred to the mechanical room. In the mechanical room, the heated water is circulated using pipes to transfer heat from the utility to customers, residents, and others.
Global solar district heating market segments include:
By System: Small System, Large System
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 solar district heating market in 2021.
Strategic collaborations and partnerships are the key trends in the solar district heating market. The key players in the solar district heating market are entering into strategic partnerships with technology-based companies to develop technologically developed systems and expand their business operations across the globe.
TBRC’s solar district heating market report covers:
Major Market Players: DESMI, Goteborg Energi, Keppel DHCS, Korea District Heating Corporation, LOGSTOR, Orsted, Shinryo, Statkraft, Arcon-Sunmark, Savosolar, Aalborg, NRG Energy, Alfa Laval, Bosch Thermotechnology Ltd., and Hansen Technologies.
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 Solar District Heating Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides solar district heating market overviews, analyzes and forecasts market size, share, solar district heating market players, solar district heating market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s solar 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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