District Heating Market worth $263.63 billion by 2030, growing at a CAGR of 5.20% - Exclusive Report by 360iResearch

District Heating Market - Exclusive Report by 360iResearch

The Global District Heating Market to grow from USD 175.65 billion in 2022 to USD 263.63 billion by 2030, at a CAGR of 5.20%.

PUNE, MAHARASHTRA, INDIA , December 7, 2023 /EINPresswire.com/ -- The "District Heating Market by Heat Source (Coal, Natural Gas, Oil & Petroleum Products), Component (Boiler, Component, Heat Exchanger), Plant Type, Application - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global District Heating Market to grow from USD 175.65 billion in 2022 to USD 263.63 billion by 2030, at a CAGR of 5.20%.

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District heating, also called heat networks or teleheating, distributes heat generated in a centralized location via insulated pipes for residential and commercial heating applications. Heat energy is typically generated from various sources, including fossil fuels, such as coal, gas, and oil, and renewable energy sources, such as geothermal, solar, and biomass. Rapid surges in energy prices, increasing demand for sustainable heating systems, along with stringent government regulations regarding energy efficiency are propelling the market growth. Moreover, growing demand for space heating and hot water supply in residential applications also fuels market growth. High initial capital costs, infrastructure complexities, and the necessity for robust transportation equipment hinder the market demand. Rapid installation of renewable resources for heat generation and ongoing technological advancements in the district heating systems may also present new growth opportunities.

Plant Type: Growing adoption of combined heat and power plants for higher efficiency
Boiler plants employ a centralized system where hot water or steam is produced and distributed to various buildings across the district. This technique, often called heat provisioning, reduces individual heating units' costs and eliminates the need for individual boilers in each building. Combined heat and power plants are increasingly gaining popularity in the district heating landscape due to their increased efficiency. They simultaneously produce electricity and useful heat from the same energy source, rendering them a highly efficient form of energy conversion, which can achieve primary energy savings of roughly 40% compared to the separate production of electricity and heat. While both boiler and combined heat and power plants play pivotal roles in district heating, the key distinction lies in their efficiency and environmental impact. These two choices largely depend on the district's specific heating requirements, available fuels, and environmental policies.

Application: Wider application in the industrial sector for maximizing the overall thermal efficiency
In the commercial sector, district heating systems are principally used in areas with high population density, such as business districts, shopping centers, and high-rise apartments. They offer reliable and consistent heat delivery, improving energy efficiency and reducing cost. Moreover, because of the single source for heat production, the process also diminishes the environmental footprint by reducing individual emissions. For industrial use, district heating finds application in facilities requiring heat as a part of their manufacturing process, such as food and beverage industries, paper and pulp manufacturing, and chemical production plants. Besides providing operational efficiency, this system aids in effective waste heat management, thus maximizing the overall thermal efficiency. Within the residential setting, district heating can provide cost-efficient heating solutions to complexes, housing associations, and individual houses in urban and suburban areas. By connecting multiple residences to one centralized heating source, district heating relieves homeowners of the costs and management associated with individual boiler systems. District heating is an efficient and sustainable heat distribution solution for commercial, industrial, and residential applications. This technology's flexibility to utilize various energy sources and its capacity to integrate with modern renewable energy technologies further enhance its viability and utilization across different sectors.

Component: Growing demand for insulated pipes to retain heat better and minimize environmental impacts
As the heart of a district heating system, the boiler aids in producing hot water or steam used for heating purposes, constructed from high-grade materials to withstand high temperatures; it uses various fuel types for combustion, including gas, coal, or biomass. The heat exchanger is pivotal to the heat transfer process between two or more fluids. In district heating systems, it transfers heat from the hot water or steam originating from the boiler to the residential or commercial spaces through the secondary network. Heat exchangers must be checked regularly for maintenance to prevent leaks and ensure efficient heat transfer. Heat meters measure the amount of heat energy dispensed to individual households or businesses to maintain operational efficiency and fairness among consumers. An insulated pipeline carries the hot water or steam generated from the boiler to the consumer units. Crucially, they are insulated to minimize heat loss during transmission, maintaining the system's overall efficiency. Usually, these pipelines are buried underground to retain heat better and minimize environmental impacts. Pumps play a vital role in the circulation of water or steam throughout the system. These pumps need to deliver the appropriate pressure to reach all units and be adequately maintained for optimized and uninterrupted service. Each of the mentioned components contributes to the overall functioning and efficiency of district heating systems.

Heat Source: Increasing preference toward renewable and efficient heat sources
District heating systems have relied heavily on fossil fuels, including coal, oil, and natural gas, due to the established infrastructure and the relatively low cost of fossil fuels. However, with increasing environmental concerns and regulatory pressures, fossil fuels are undergoing a transition, and the renewable energy segment of the district heating market is rapidly expanding. Renewable energy includes a variety of heat sources such as geothermal, solar thermal, biomass, and excess heat from industrial processes. Combined heat and power (CHP) plants represent a significant segment of the district heating market. CHP plants improve efficiency by utilizing a single fuel source to generate electricity and heat. While these plants can use a variety of fuels, including fossil fuels and biomass, the focus is shifting toward integrating renewable energy sources. Heat pumps are an emerging segment in the district heating market. They extract heat from the air, water, or ground and are powered by electricity. The efficiency of heat pumps, particularly when sourced from renewable electricity, makes them an environmentally friendly option. Waste-to-energy (WtE) is a niche but an important segment in the district heating market. This process involves the combustion of municipal solid waste to generate heat and, in some cases, electricity. WtE can play a role in waste management strategies while providing a heat source for district heating systems. Nuclear energy can be a heat source for district heating systems, particularly in countries with nuclear power infrastructure. The usage of nuclear energy for district heating is primarily found in countries that are heavily invested in nuclear power generation.

Regional Insights:
In the Americas, the demand for district heating is primarily driven by the need for energy efficiency and sustainable heating solutions in urban areas. The United States and Canada are the major countries in this region, with district heating systems mainly concentrated in the northeastern cities where the climate is colder. The adoption of district heating is also influenced by local regulations and incentives aimed at reducing carbon emissions. The EMEA region exhibits a robust demand for district heating, particularly in Northern and Eastern Europe, where it is a well-established method for heating residential and commercial buildings. Countries such as Denmark, Sweden, Finland, and Germany have extensive district heating networks driven by supportive government policies, high environmental awareness, and the need to transition to renewable energy sources. The Middle East, while having a lower demand for heating, shows interest in district heating for industrial applications and cooling purposes. The Asia-Pacific region is undergoing rapid growth in the district heating market, primarily driven by the urbanization and industrialization of countries such as China, South Korea, and Japan. China, in particular, has been aggressively expanding its district heating infrastructure to combat air pollution and reduce reliance on coal-fired heating. The increasing environmental concerns and the push for sustainable energy solutions also fuel the region's demand.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the District Heating Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the District Heating Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the District Heating Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval AB, City Science Corporation Limited, Danfoss A/S, ENGIE Group, Enwave Energy Corporation, Fortum Oyj, FVB Energy Inc., Goteborg Energi AB, Helen Oy, Kanin Energy, KELAG Energie & Warme GmbH, Keppel DHCS Pte Ltd., Korea District Heating Corporation, LOGSTOR A/S, Minibems Limited, NRG Energy, Inc., Orsted A/S, Ramboll Group A/S, Shinryo Corporation, Star Renewable Energy by Star Refrigeration Group, Statkraft AS, Steag GmbH, Vattenfall AB, and Vital Energi.

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Market Segmentation & Coverage:

This research report categorizes the District Heating Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Heat Source, market is studied across Coal, Natural Gas, Oil & Petroleum Products, and Renewables. The Coal is projected to witness significant market share during forecast period.

Based on Component, market is studied across Boiler, Component, Heat Exchanger, Heat Meters, Insulated Pipeline, and Pumps. The Component is projected to witness significant market share during forecast period.

Based on Plant Type, market is studied across Boiler Plants and Combined Heat & Power. The Combined Heat & Power is projected to witness significant market share during forecast period.

Based on Application, market is studied across Commercial, Industrial, and Residential. The Industrial is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.76% in 2022, followed by Americas.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. District Heating Market, by Heat Source
7. District Heating Market, by Component
8. District Heating Market, by Plant Type
9. District Heating Market, by Application
10. Americas District Heating Market
11. Asia-Pacific District Heating Market
12. Europe, Middle East & Africa District Heating Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the District Heating Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the District Heating Market?
3. What is the competitive strategic window for opportunities in the District Heating Market?
4. What are the technology trends and regulatory frameworks in the District Heating Market?
5. What is the market share of the leading vendors in the District Heating Market?
6. What modes and strategic moves are considered suitable for entering the District Heating Market?

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Mr. Ketan Rohom
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