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District Heating Market by Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products), Plant Type (Boiler Plant, CHP), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023

District Heating Market by Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products), Plant Type (Boiler Plant, CHP), Application (Residential, Commercial, Industrial), and Geography - Global Forecast to 2023

“Increasing demand for energy-efficient and cost-effective heating systems to drive overall growth of district heating market”
The district heating market is expected to grow from USD 170.7 billion in 2018 to USD 203.0 billion by 2023, at a compound annual growth rate (CAGR) of 3.5% during the forecast period. The district heating market is driven by various factors such as increasing demand for energy-efficient and cost-effective heating systems and growing urbanization and industrialization. However, high infrastructure cost can hinder the growth of the market.

“Based on heat source, renewable to grow at highest CAGR during forecast period”
Renewable heat sources help in meeting the rising energy needs, improving efficiency, reducing greenhouse gas emission, and improving climate conditions. Increasing regulations for reducing greenhouse gas emission and growing demand for energy-efficient heating systems are the factors propelling the growth of the district heating market for renewable sources during the forecast period.

“Based on plant type, CHP to grow at highest CAGR during forecast period”
Combined heat and power (CHP) plant refers to the plant that is designed to generate power and heat in a single, integrated system. The heat that is normally wasted in conventional power generation plant is recovered as useful energy. By utilizing the thermal byproduct of electric production, CHP plants regularly see fuel efficiencies of 70-85% or higher, which help increase the efficiency of district heating solution for end users, which, in turn, propels the demand for district heating. Moreover, CHP helps reduce the capital investment, provides economies of scale, reduces heat losses to the environment, and substitutes the use of fossil fuels for district heating, which, in turn, lead to the reduction of greenhouse gas emissions.

“Residential application to hold largest market share during forecast period”
Residential applications include single-family houses and apartments (hotels, buildings, and multi-housing). Favorable government incentives such as more focus on energy-efficient products have led to the increased adoption of district heating in developed countries such as the US, the UK, Germany, and Japan. In addition, the development of smart home applications play a major role in increasing the demand for district heating. The innovation and adoption of new techniques in smart homes have boosted the growth of this market.

“APAC to record highest growth rate during forecast period”
Increasing demand for thermal comfort, achieving energy efficiency, and reducing greenhouse gas emission, the market for district heating is expected to rise in the coming years. Rapid urbanization in the region is propelling the growth of the district heating market. Moreover, dense population and growing per capita income in this region, along with government initiatives, are the major factors driving the growth of the market in this region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the district heating marketplace.

By Company Type: Tier 1 = 20%, Tier 2 = 55%, and Tier 3 = 25%
By Designation: C-Level Executives = 50%, Directors = 25%, and Others = 25%
By Region: North America = 60%, Europe = 20%, APAC = 10%, South America = 5%, and Middle East & Africa = 5%

The district heating market comprises major players such as Fortum (Finland), Vattenfall (Sweden), Engie (France), Danfoss (Denmark), NRG Energy (US), Statkraft (Norway), Shinryo Corporation (Japan), LOGSTOR (Denmark), Vital Energi (UK), Kelag (Austria), Goteborg Energi (Sweden), FVB Energy (Canada), Alfa Level (Sweden), Ramboll (Denmark), Savon Voima (Finland), Enwave Energy (Canada), Orsted (Denmark), Helen (Finland), Keppel DHCS (Singapore), and STEAG New Energies (Germany). The study includes an in-depth competitive analysis of these key players in the district heating market, with their company profiles, recent developments, and key market strategies.

Research Coverage:
The report defines, describes, and forecasts the district heating market based on heat source, plant type, application, and geography. It provides detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the district heating market. It also analyzes the competitive developments such as joint ventures, collaborations, agreements, contracts, partnerships, mergers and acquisitions, and product launches carried out by the key players to grow in the market.

Key Benefits of Buying the Report
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall district heating market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


  • INTRODUCTION
    • STUDY OBJECTIVES
    • DEFINITION
    • STUDY SCOPE
      • YEARS CONSIDERED
    • CURRENCY
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET SIZE ESTIMATION
      • BOTTOM-UP APPROACH
      • TOP-DOWN APPROACH
      • MARKET SHARE ESTIMATION
    • MARKET BREAKDOWN AND DATA TRIANGULATION
    • RESEARCH ASSUMPTIONS
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN OVERALL DISTRICT HEATING MARKET
    • DISTRICT HEATING MARKET, BY APPLICATION
    • DISTRICT HEATING MARKET, BY APPLICATION AND COUNTRY
    • DISTRICT HEATING MARKET, BY COUNTRY
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • DISTRICT HEATING MARKET, BY HEAT SOURCE
    • INTRODUCTION
      • Table DISTRICT HEATING MARKET, BY HEAT SOURCE, 2015–2023 (USD BILLION)
    • COAL
      • APAC IS EXPECTED TO DOMINATE THE GROWTH OF THE COAL SOURCE USED FOR DISTRICT HEATING
        • Table DISTRICT HEATING MARKET FOR COAL, BY REGION, 2015–2023 (USD BILLION)
    • NATURAL GAS
      • THE GROWTH OF THE NATURAL GAS SOURCE IS DRIVEN BY ITS HIGH EFFICIENCY ON NET CALORIFIC VALUES
        • Table DISTRICT HEATING MARKET FOR NATURAL GAS, BY REGION, 2015–2023 (USD BILLION)
    • RENEWABLE
      • THE GROWTH OF THE RENEWABLE HEAT SOURCE IS PRIMARILY ATTRIBUTED TO GROWING INITIATIVES TO REDUCE GREENHOUSE GAS EMISSION
        • Table DISTRICT HEATING MARKET FOR RENEWABLES, BY REGION, 2015–2023 (USD BILLION)
    • OIL AND PETROLEUM PRODUCTS
      • EUROPE HOLD LARGEST SHARE OF THE OIL AND PETROLEUM PRODUCTS SOURCE FOR DISTRICT HEATING
        • Table DISTRICT HEATING MARKET FOR OIL AND PETROLEUM PRODUCTS, BY REGION, 2015–2023 (USD BILLION)
    • OTHERS
      • FINANCIAL BENEFITS AND EFFICIENT USE OF HEAT DRIVING THE GROWTH OF OTHERS HEAR SOURCE
        • Table DISTRICT HEATING MARKET FOR OTHER SOURCES, BY REGION, 2015–2023 (USD BILLION)
  • DISTRICT HEATING MARKET, BY PLANT TYPE
    • INTRODUCTION
      • Table DISTRICT HEATING MARKET, BY PLANT TYPE, 2015–2023 (USD BILLION)
    • BOILER
      • CONVENIENT HEATING DRIVING THE GROWTH OF THE BOILER PLANTS
        • Table DISTRICT HEATING MARKET FOR BOILER PLANT, BY REGION, 2015–2023 (USD BILLION)
    • COMBINED HEAT AND POWER (CHP)
      • THE GROWTH OF THE CHP PLANT IS ATTRIBUTED TO LOW CAPITAL INVESTMENT AND REDUCED HEAT LOSSES
        • Table DISTRICT HEATING MARKET FOR CHP PLANT, BY REGION, 2015–2023 (USD BILLION)
    • OTHERS
      • EFFICIENT USE OF HEAT SOURCES DRIVING THE GROWTH OF THE OTHER PLANT
        • Table DISTRICT HEATING MARKET FOR OTHER PLANTS, BY REGION, 2015–2023 (USD BILLION)
  • DISTRICT HEATING MARKET, BY APPLICATION
    • INTRODUCTION
      • Table DISTRICT HEATING MARKET, BY APPLICATION, 2015–2023 (USD BILLION)
    • RESIDENTIAL
      • THE INITIATIVES TAKEN BY THE GOVERNMENT TO REDUCE GREENHOUSE GAS EMISSION PROPELLING THE GROWTH OF THE DISTRICT HEATING MARKET IN RESIDENTIAL APPLICATIONS
        • Table DISTRICT HEATING MARKET FOR RESIDENTIAL, BY REGION, 2015–2023 (USD BILLION)
    • COMMERCIAL
      • HIGHER ADOPTION RATE OF DISTRICT HEATING SOLUTION FOR OFFICES AND MALLS DRIVING THE GROWTH OF THE COMMERCIAL APPLICATION
        • Table DISTRICT HEATING MARKET FOR COMMERCIAL, BY REGION, 2015–2023 (USD BILLION)
    • INDUSTRIAL
      • GROWING INDUSTRIALIZATION DRIVING THE GROWTH OF THE DISTRICT HEATING MARKET IN INDUSTRIAL APPLICATION
        • Table DISTRICT HEATING MARKET FOR INDUSTRIAL, BY REGION, 2015–2023 (USD BILLION)
  • GEOGRAPHIC ANALYSIS
    • INTRODUCTION
      • Table DISTRICT HEATING MARKET, BY REGION, 2015–2023 (USD BILLION)
    • AMERICAS
      • Table DISTRICT HEATING MARKET IN AMERICAS, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN AMERICAS, BY APPLICATION, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN AMERICAS, BY SOURCE, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN AMERICAS, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • US
        • Table DISTRICT HEATING MARKET IN US, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN US, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN US, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • CANADA
        • Table DISTRICT HEATING MARKET IN CANADA, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN CANADA, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN CANADA, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • SOUTH AMERICA
        • Table DISTRICT HEATING MARKET IN SOUTH AMERICA, BY APPLICATION, 2015–2023 (USD BILLION)
    • EUROPE
      • Table DISTRICT HEATING MARKET IN EUROPE, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN EUROPE, BY APPLICATION, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN EUROPE, BY SOURCE, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN EUROPE, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • RUSSIA
        • Table DISTRICT HEATING MARKET IN RUSSIA, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN RUSSIA, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN RUSSIA, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • GERMANY
        • Table DISTRICT HEATING MARKET IN GERMANY, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN GERMANY, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN GERMANY, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • UK
        • Table DISTRICT HEATING MARKET IN UK, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN UK, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • FRANCE
        • Table DISTRICT HEATING MARKET IN FRANCE, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN FRANCE, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN FRANCE, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • SWEDEN
        • Table DISTRICT HEATING MARKET IN SWEDEN, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN SWEDEN, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN SWEDEN, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • DENMARK
        • Table DISTRICT HEATING MARKET IN DENMARK, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN DENMARK, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN DENMARK, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • OTHER SCANDINAVIAN COUNTRIES
        • Table DISTRICT HEATING MARKET IN OTHER SCANDINAVIAN COUNTRIES, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN OTHER SCANDINAVIAN COUNTRIES, BY SOURCE, 2015– 2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN OTHER SCANDINAVIAN COUNTRIES, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • REST OF EUROPE
        • Table DISTRICT HEATING MARKET IN REST OF EUROPE, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN REST OF EUROPE, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN REST OF EUROPE, BY PLANT TYPE, 2015–2023 (USD BILLION)
    • APAC
      • Table DISTRICT HEATING MARKET IN APAC, BY COUNTRY, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN APAC, BY APPLICATION, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN APAC, BY SOURCE, 2015–2023 (USD BILLION)
      • Table DISTRICT HEATING MARKET IN APAC, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • CHINA
        • Table DISTRICT HEATING MARKET IN CHINA, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN CHINA, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN CHINA, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • JAPAN
        • Table DISTRICT HEATING MARKET IN JAPAN, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN JAPAN, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN JAPAN, BY PLANT TYPE, 2015–2023 (USD BILLION)
      • SOUTH KOREA
        • Table DISTRICT HEATING MARKET IN SOUTH KOREA, BY APPLICATION, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN SOUTH KOREA, BY SOURCE, 2015–2023 (USD BILLION)
        • Table DISTRICT HEATING MARKET IN SOUTH KOREA, BY PLANT TYPE, 2015–2023 (USD BILLION)
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • RANKING ANALYSIS OF PLAYERS IN DISTRICT HEATING MARKET
    • COMPETITIVE SITUATIONS AND TRENDS
      • PRODUCT LAUNCHES
        • Table PRODUCT LAUNCHES
      • AGREEMENTS, PARTNERSHIPS, CONTRACTS, AND COLLABORATIONS
        • Table AGREEMENTS, PARTNERSHIPS, CONTRACTS, AND COLLABORATIONS
      • EXPANSIONS
        • Table EXPANSIONS
  • COMPANY PROFILES
    • KEY PLAYERS
      • FORTUM
      • VATTENFALL
      • ENGIE
      • DANFOSS
      • NRG ENERGY
      • STATKRAFT
      • SHINRYO CORPORATION
      • LOGSTOR
      • VITAL ENERGI
      • KELAG
    • OTHER KEY PLAYERS
      • GOTEBORG ENERGI
      • FVB ENERGY
      • ALFA LAVAL
      • RAMBOLL GROUP
      • SAVON VOIMA
      • ENWAVE ENERGY
      • ORSTED
      • HELEN
      • KEPPEL DHCS
      • STEAG NEW ENERGIES
  • APPENDIX
    • INSIGHTS FROM INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATION
    • RELATED REPORTS
    • AUTHOR DETAILS

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