The Global District Heating and Cooling Market size are projected to grow from USD 2.02 billion in 2018 to USD XX billion by 2028, at a CAGR of 16.0% from 2021 to 2028. The major drivers for this growth are the increasing use of renewable energy sources, the growing demand for electric vehicles, and the shift towards sustainable transportation solutions, among others.
On the basis of Types, the market is segmented into District Heating and District Cooling.
District heating provides a cost-effective, environmentally friendly, and sustainable means of supplying heat to buildings. District heating is created by large plants that generate electricity or produce heat from other power sources such as biomass, waste incineration, or solar energy. The generated steam or hot water is then delivered to nearby customers via underground pipes for space heating in homes and businesses.
District cooling is the process of using large centralized chillers to cool water or refrigerant, which is then distributed through insulated pipelines for use in multiple buildings. It differs from traditional individual building-based air conditioning systems by transporting energy efficiently over long distances and providing users with dehumidified cooled water instead of cold air.
On the basis of Application, the market is segmented into Residential, Commercial, and Industrial.
The growth of this segment is driven by factors such as high demand for energy-efficient cooling systems due to their low life cycle cost and low environmental impact, increased use of district heating & cooling in residential buildings because they have a significant share in the final energy consumption worldwide, increasing urbanization rates around the world resulting into a higher number of apartment complexes which are more suitable for District Cooling Systems, etc.
The growth of this segment is driven by factors such as the rising need for energy-efficient cooling systems due to their low life cycle cost, increasing the number of applications in commercial buildings & retail stores, etc.
The growth of this segment is majorly driven by the growing demand from industry verticals because industrial processes require high-temperature process heat that can be efficiently provided through district heating or cooling systems. For instance, large-scale industries like petrochemical plants and oil refineries use steam-based technologies to produce electricity using waste heat available in these facilities which are better suitable for district heating & cooling.
On the basis of Region, the market is segmented into five geographical regions: North America, Europe, Asia Pacific (APAC), Latin America, and Middle East & Africa (MEA). North America is the largest market for district heating & cooling. This growth can be attributed to increasing environmental concerns among consumers in this region that are encouraging them towards clean sources of energy like solar power generation which cannot serve as an alternative to gas-based systems.
Europe is expected to hold a major share of the global District Heating & Cooling Market during the forecast period owing to the presence of the large number of manufacturing industries across various countries such as Germany, France, and the U.K. These countries have introduced strict laws regarding emission norms which has resulted in a significant increase in demand for low carbon technologies including heat pumps.
The key driving factors for the growth of this market are the increasing global population and the rising demand for energy worldwide. The growing environmental concerns due to greenhouse gas emissions are expected to boost the market growth as more people will be inclined towards using a solar or non-conventional source of heating, cooling, and power production which in turn reduces dependence on fossil fuels such as natural gas.
Up Market Research published a new report titled “District Heating and Cooling Sales Market research report which is segmented by Types (District Heating, District Cooling), By Applications (Residential, Commercial, Industrial), By Players/Companies ENGIE, NRG Energy, Fortum, Empower, ADC Energy Systems, STEAG, Ørsted A/S, Tabreed, Vattenfall, RWE AG, Goteborg Energi, Logstor, Shinryo, Emicool, Keppel DHCS, Statkraft, Ramboll”.
Report Attributes | Report Details |
Report Title | District Heating and Cooling Sales Market Research Report |
By Type | District Heating, District Cooling |
By Application | Residential, Commercial, Industrial |
By Companies | ENGIE, NRG Energy, Fortum, Empower, ADC Energy Systems, STEAG, Ørsted A/S, Tabreed, Vattenfall, RWE AG, Goteborg Energi, Logstor, Shinryo, Emicool, Keppel DHCS, Statkraft, Ramboll |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 232 |
Number of Tables & Figures | 163 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type District Heating, District Cooling and By Application Residential, Commercial, Industrial.
Some of the companies that are profiled in this report are:
District Heating and Cooling Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the District Heating and Cooling Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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