The district heating global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
District Heating Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The district heating market size has grown steadily in recent years. It will grow from $177.73 billion in 2023 to $185.33 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to increased focus on energy efficiency and sustainability, urbanization and population density in metropolitan areas, government initiatives for decentralized energy systems, transition to low-carbon and renewable energy sources, rise in consumer demand for reliable and affordable heating solutions.
The district heating market size is expected to see steady growth in the next few years. It will grow to $221.92 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to integration of heat pumps and thermal storage in district heating, expansion of renewable district heating networks, adoption of waste heat recovery technologies, focus on electrification and integration with smart grids, investment in modernization and rehabilitation of district heating infrastructure. Major trends in the forecast period include integration of low-temperature district heating, smart district heating systems, utilization of industrial waste heat, hybrid district heating systems, expansion of fourth-generation district heating (4gdh), energy storage and thermal energy batteries .
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Scope Of District Heating Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
District Heating Market Overview
Market Drivers –
Rising industrialization is expected to propel the growth of the district heating market going forward. Industrialization refers to the approach by which an economy is converted from a primarily agricultural one to one based on the manufacturing of goods. Infrastructure development during industrialization increases the implementation of district heating elements. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the appliances and consumer electronics (ACE) market in India is expected to grow to USD21.18 billion by 2025. India has the potential to become a global manufacturing hub and by 2030, it can add more than USD500 billion annually to the global economy. Therefore, the rise in industrialization is driving the growth of the district heating market.
The district heating market covered in this report is segmented –
1) By Plant Type: Boiler, Combined Heat and Power (CHP), Others Plant Types
2) By Heat Source: Coal, Natural Gas, Renewables, Oil and Petroleum Products
3) By Application: Residential, Commercial, Industrial
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Regional Insights –
Western Europe was the largest region in the district heating market in 2023. North America is expected to be the fastest-growing region in the district heating market share during the forecast period. The regions covered in the district heating market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the district heating market include Alfa Laval AB, Danfoss A/S, FVB Energy Inc., Keppel Corporation Limited, LOGSTOR A/S, Veolia Environnement S.A., Engie SA, Fortum Oyj, Vattenfall AB, Ramboll Group A/S, EON SE, NRG Energy Inc., Statkraft AS, Cofely GDF Suez, Hafslund Eco AS, Wien Energie GmbH, Steag GmbH, Göteborg Energi AB, RWE AG, Vital Energi Utilities Ltd., Agder Energi AS, Orsted A/S, Arbeitsgemeinschaft Fernwärme, Techem Energy Services GmbH, Helen Ltd., Eidsiva Bioenergi AS
Table of Contents
1. Executive Summary
2. District Heating Market Report Structure
3. District Heating Market Trends And Strategies
4. District Heating Market – Macro Economic Scenario
5. District Heating Market Size And Growth
…..
27. District Heating Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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