The Business Research Company’s report on the Solar District Heating Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the solar district heating industry?
The growing adoption of sustainable energy is driving the growth of the solar district heating market. Governments, residents and industries across the globe are focusing on adopting sustainable energy to decrease the dependency on conventional energy consumption and increase the utilization of clean energy such as solar, wind, hydropower, and bioenergy. The growing adoption of sustainable energy is expected to boost the utilization of solar district heating systems, as they offer the most cost-effective heating solutions to commercial, residential, and industrial customers, over the existing heating solutions. For instance, in April 2023, according to a report published by the National Renewable Energy Laboratory (NREL), a US-based research institution dedicated to advancing renewable energy and energy efficiency technologies, global photovoltaic (PV) installations reached 231 gigawatts of direct current (GWdc), totaling 1.2 terawatts of direct current (TWdc) cumulatively in 2022, while annual installations are forecast to exceed 300 GW by 2023 and surpass 400 GW by 2025. Thus, the growing adoption of sustainable energy is expected to boost the utilization of solar district heating during the forecast period.
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What is the estimated market size of the solar district heating sector by 2029, based on current forecasts?
The solar district heating market size has grown rapidly in recent years. It will grow from $3.67 billion in 2024 to $4.18 billion in 2025 at a compound annual growth rate (CAGR) of 13.9%. The growth in the historic period can be attributed to environmental concerns, government incentives, energy security, community initiatives.
The solar district heating market size is expected to see rapid growth in the next few years. It will grow to $6.49 billion in 2029 at a compound annual growth rate (CAGR) of 11.6%. The growth in the forecast period can be attributed to policy developments, economic factors, climate change mitigation, public awareness, urban planning and integration. Major trends in the forecast period include innovation and research, technological advancements, integration with smart technologies, hybrid systems, modular and scalable designs, global collaboration.
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Who are the top players in the solar district heating market?
Major companies operating in the solar district heating market include DESMI A/S, Göteborg Energi AB, Keppel District Heating and Cooling Services Pte. Ltd., Korea District Heating Corporation, LOGSTOR A/S, Arcon-Sunmark A/S, Savosolar Oyj, Solvis GmbH, S. O. L. I. D. GmbH, Sunamp Ltd., WOLF GmbH, Aalborg CSP A/S, Absolicon Solar Collector AB, Institut für Nachhaltige Technologien, BrightSource Energy Inc., CitrinSolar GmbH, Energie Solaire SA, Frenell GmbH, Heliodyne Inc., Industrial Solar GmbH, Sunlumo Technology GmbH, Sunoptimo SA, Suntrix Company Limited, TSK Flagsol Engineering GmbH, TVP Solar SA, Viessmann Werke GmbH & Co. KG, Wagner Solar GmbH, Institute for Sustainable Technologies, KBB Kollektorbau GmbH, Alfa Laval AB
What are the major trends in the solar district heating market?
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 a strategic partnership with technology-based companies to develop technologically developed systems and expand their business operations across the globe. For instance, in May 2022 ENGIE Africa, a South African-based natural gas and energy company, inked a collaboration agreement with Gabon’s Ministry of Energy. The project’s purpose is to electrify off-grid families around the country by selling and delivering high-quality solar home system kits.
Which geography holds the highest solar district heating market share?
Western Europe was the largest region in the solar district heating market in http://2024.Asia-Pacific is expected to be the fastest-growing region in the solar district heating market share during the forecast period. The regions covered in the solar district heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Solar District Heating Market Report 2025, Industry Trends, Overview
How do different segments contribute to the overall expansion of the solar district heating market?
The solar district heating market covered in this report is segmented –
1) By System: Small System, Large System
2) By Application: Residential, Commercial, Industrial
Subsegments:
1) By Small System: Residential Solar District Heating, Community Solar Heating Systems
2) By Large System: Industrial Solar District Heating, District Heating Networks, Combined Heat and Power (CHP) Systems
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Solar District Heating Market Report 2025, Industry Trends, Overview
What defines the structure and scope of the solar district heating market?
Solar district heating refers to systems, which 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 as the utility to customers, residents, and others.
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