A District Heating is a centralized form of heat that is provided to buildings. The heat is generated in a suitably designed plant where the heat content of the steam is transferred to the ambient air and subsequently moved through the ducts into the building. One of the drivers for this industry is the adoption of strict carbon emissions instead of stand-alone heating systems. Favorable government initiatives are another growth driver. However, the challenge lies in the high CAPEX of this infrastructure vis-à-vis standalone systems.
District Heating Market size was estimated at $187,328.6 Million in 2019 and is expected to reach $248,342.6 Million by 2027, growing at a CAGR of 4.11% during the forecast period of 2020 to 2027.
Analysis by Source
According to the source, the four main segments are Geothermal, Solar, CHP, and Heat Only Boilers. The District Heating market report asserts that the lion’s share of the demand will be met by Combined Heat & Power plants (CHP). This is because of its impressive operational economics and long-term sustainability. The District Heating market research claims that the ability of these systems to utilize the heat from the spent gases is another vital reason behind its success.
The District Heating market share of Solar and Heat Only boilers are likely to witness a steady growth owing to the competitive CAPEX that they are available at. Moreover, industry research is underway and certain positive, strategic results for Solar heaters have surfaced in recent months.
Analysis by Application
The three major application segments are Commercial, Residential, and Industrial. While the Commercial segment is bifurcated into Colleges/Universities, Offices, and Government/Military, the Industrial segment is categorized into Chemicals, Refineries, and Paper.
The largest District Heating market size is that of the Residential segment owing to rapid urbanization and a surge in disposable incomes. The urban population is nearing 55% and likely to reach 65% by the end of this forecasted period. The District Heating market estimation for the Commercial segment is looking very upbeat as well. This is attributed to the rapid modernization of educational institutions such as colleges and universities.
Analysis by Region
The District Heating market forecast for North America is bullish for the given period. This is largely from the CHP plants as they offer both heat and electricity usually in quantum large enough to fulfill the requirements of several companies. This brings about an economical solution for all parties benefiting from the product.
The District Heating price trend for renewables-based heating is expected to normalize owing to extremely competitive pricing prevalent in the industry. Moreover, modern Government policies are likely to benefit the renewable sector in this region led by Germany, Sweden, and France.
Analysis by Leading Companies
The prominent District Heating companies include Statkraft, Shinryo Corporation, Fortum, Ramboll, Logstor, Vattenfall, Goteborg Energi, RWE AGKeppel DHCS, Hafslund KDHC, and STEAG. The industry is broadly bifurcated into three value-chains. Overall success depends on the robustness of all three segments. Usually, these sections are handled exclusively by companies specializing in the required fields. Strategic partnerships are likely to be played out to affect better performance from the business as a whole.
• Market Revenue Estimation and Forecast (2019 – 2026)
• Market Production Estimation and Forecast (2019 – 2026)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
• Breakdown of Revenue by Segments (2019 – 2026)
• Breakdown of Production by Segments (2019 – 2026)
• Breakdown of Sales Volume by Segments (2019 – 2026)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
By Source Outlook ($Revenue and Unit Sales, 2019-2026)
• Heat Only Boilers
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
• Hong Kong
• Papua New Guinea
• Latin America
• Middle East & Africa
• South Africa
• Goteborg Energi
• Vattenfall AB
• STEAG GmbH
• Statkraft AS
• Shinryo Corporation
• RWE AG
• Rambill Group A/S
• NRG Energy
• Logstar A/S
• Korea District Heating Corporation
• Keppel DHCS Pte Ltd
• Kelag Warme GmbH
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