Home Uncategorized Global district heating market expected to witness high growth over the forecast period 2018–2024

Global district heating market expected to witness high growth over the forecast period 2018–2024

by Kathrine

Market Study Report recently introduced new title on “2018-2024 Global District Heating Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

The solar district heating market is anticipated to expand over 8% by 2024. Key features including, ease of installation, lower operational cost, economic viability and environmental performance will enhance business landscape. The European Union is promoting the installation of solar DH systems, as per its SDHtake-off plan, across Denmark, Germany, Austria, Italy and Czech Republic. The program has added a capacity of about 500 MWth of SDH systems along with government plans for further addition of over 8 GWth till 2020.

Players across the district heating market include Fortum, Goteborg Energi, Vattenfall AB, STEAG GmbH, Statkraft AS, Shinryo Corporation, RWE AG, Ramboll Group A/S, Oslash, Orsted, NRG Energy, LOGSTOR A/S, Korea District Heating Corporation, Keppel DHCS Pte Ltd, Kelag Warme Gmbh, Cetetherm

China district heating market in 2017, contributed to more than 30% of the global market share. Effective government measures to curb air pollution and promotion of sustainable solutions for heating across consumers will complement the business landscape. For instance, the ministry of Housing & Urban-Rural Development has announced to increase the capacity of indoor heating zones across the upper belt in Southern China, with temperature falling below 50 C during winters. Moreover, in 2016, the World Bank had accepted a loan of worth USD 100 million for Hebai province of China for establishing the green heating deployments.

Commercial district heating market is predicted to gain over 6% by 2024. Growing demand for sustainable & advanced heating technologies coupled with active measures toward achieving energy security will support the business growth. The capability of DH systems to provide high operational performance, enhanced reliability and economic feasibility across commercial applications will accelerate the adoption of systems. Furthermore, the development of advanced technology solutions including pre-insulated piping network will encourage the district heating market growth.

Growing measures toward energy security coupled with rising demand for renewable and cogeneration system will drive the Japan district heating market size. Government and financial institutions are making significant investments towards the development of gas fired district heating systems to cater their 2030 target of delivering 15% of total power from CHP technology.

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Source: SBWire