Global District Heating Market Report and Forecast 2024-2032

Global District Heating Market Outlook

The global market for district heating reached about USD 200.76 billion in 2023. The industry is further expected to grow at a CAGR of about 3.9% in the forecast period of 2024-2032. It will reach an approximate value of USD 283.27 billion by the end of 2032. The key drivers include the rising government initiatives and investments to improve district heating.

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Asia Pacific is Leading the District Heating Market

Asia Pacific is the major market region for district heating due to expanding urbanisation, population growth, the disposable income that is increasing simultaneously, the rising need for energy-efficient and cost-effective heating systems, and the initiatives taken by the governments. The region's heating needs are satisfied by heat produced by the huge factories and plants, which would otherwise go to waste, the heat produced by the industrial plants is utilised to meet the rising demand for district heating in the region. Various policies to control the carbon emissions are being placed, which will encourage people to connect to the district heating service network instead of using personal/local equipment. With nations such as China increasing their investments in the market and deploying plants in their northern area, which experiences low temperatures, it is predicted to further propel the district heating market in this region.

Market Segmentations: District Heating

District heating is a system network consisting of insulated pipes between the production facilities and cities. The heat generated in the plant is then used for space cooling and heating, domestic water heating, and industrial process heat.

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The global market, by heat source, can be broadly divided into:

• Coal
• Natural Gas
• Renewable Resources
• Oil and Petroleum
• Others

Among these, coal and natural gas are the most used heat source.

The plant types in the global district heating market are:

• Boiler
• CHP
• Others

On the basis of applications, the global district heating market includes:

• Residential
• Commercial
• Industrial

The regional markets for district heating can be divided into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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The Rising Energy Demands and Government Initiatives for Sustainable Solution Aiding the Market Growth

Many countries are in the phase of industrialisation, and to get a better living standard, people have started to move from rural areas to urban areas, which in turn has increased the demand for energy across all sectors. The energy need is dramatically increasing with the growing population, and to fulfil the demand, governments are looking for sustainable options. Their aim is to reduce the increasing pollution and control the carbon emissions produced from local heating systems. This is where the district heating market comes as a lucrative option as it will help in reducing emissions by supplying heating facilities to all the connected houses and areas, meeting the needs, all while lowering the usage of local heating systems by a lot.

The rising support from government initiatives can also provide significant support to the growth of the market. The northern parts of many countries, such as the United States, China, and Japan, are being facilitated with these services. Renewable-based district heating services can be a big boon for the environment. It eliminates the need to burn other fuels, such as coal, which creates a lot of air pollution. Thus, further investment in renewable sources can bolster the market growth even more.

Key Players in the Global Market for District Heating

The report gives a detailed analysis of the following key players in the global district heating market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Fortum Oyj
• Vattenfall AB
• Engie Group
• Danfoss A/S
• NRG Energy, Inc.
• Statkraft AS
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

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District Heating Market Report Snapshots

District Heating Market Size

District Heating Market Growth

District Heating Companies