The global district heating market is projected to grow at a CAGR of 5.02% to reach US$302.337 billion by 2024, from US$225.287 billion in 2018. District heating is a network of supplying heat from a centralized source to either a district or a building.
The trend towards urbanization and industrialization is the major factor driving the demand for district heating solutions. In addition, the cost-effectiveness and the rising focus on investors towards using environmental-friendly heat sources will add to the growing demand for these solutions. However, the high capital requirement for the setting up the plant and the network will restrict the growing demand for district heating. Europe held a significant market share and will grow at a considerable rate over the forecast period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the global district heating value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the global district heating market.
Major industry players profiled as part of the report are Fortum, Vattenfall, Danfoss, Statkraft, Shinryo Corporation, Logstor A/S, Kelag Warme GmbH, FVB Energy, Inc. among others.
The global district heating market has been analyzed through the following segments:
By Heat Source
By Plant Type
Combined Heat and Power (CHP)
Middle East and Africa
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