District Heating Market Size By Source (CHP, Geothermal, Solar, Heat Only Boilers), By Application (Residential, Commercial {College/University, Office, Government/Military}, Industrial {Chemical, Refinery, Paper}), Industry Analysis Report, Regional Outl

District Heating Market Size By Source (CHP, Geothermal, Solar, Heat Only Boilers), By Application (Residential, Commercial {College/University, Office, Government/Military}, Industrial {Chemical, Refinery, Paper}), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

The district heating market is expected to witness a lucrative growth spurt over the forthcoming time period owing to growing demand for space heating across residential and commercial establishments, and high product demand across industrial, commercial, and residential sectors.

District heating also known as heat networks, refers to systems that generate heat in a centralized area, distributing it among various buildings. These can be utilized to provide water or space heating for commercial and residential needs. District heating offers the promise of delivering a neat solution for the supply of low-carbon heat to public buildings, businesses, and homes.

District heating could also be provided directly from sources like fuel cells, heat pumps utilizing electricity, solar energy and geothermal district heating plants, and fossil fuel. It could further come as an electricity generation by-product in a cogeneration plant.

The use of district heating in the present-day world is related to decreasing waste by distributing residual heat, which is produced during the day, rather than peak hours where the demand is quite high. For example, during the day, heat can be retrieved from air-conditioned offices and utilized to heat swimming pools. Whereas, other effective district heating systems tend to draw waste heat from train tunnels, assisting to subsidize heating bills for individuals linked to the network.

In comparison to individual heating systems, district heating plants are much better in decreasing emissions of harmful compounds because they have advanced pollution control device along with a much more controlled settings when producing heat. Additionally, district heating is also known to be much more convenient for consumers than other heating systems.

The use of district heating enables a greener future as it is well-suited to work with renewable energy sources. In fact, with presence of a well-established district heating network, clean sources of energy could also be used centrally to efficiently distribute heat among consumers via existing district heating pipes.

It is known fact that with growing environmental concerns across the world, renewables have taken the centerstage, becoming an issues that everyone is rallying behind. The flexibility of district heating would enable easy replacement of conventional energy sources with environmentally friendly options.

The district heating market is segmented in terms of source, application, and regional landscape.

In terms of source, the overall district heating market is classified into heat only boiler, solar, geothermal, CHP, and others. Growing demand for space heating across residential and commercial establishments will stimulate the industry growth of heat only boilers integrated with district heating systems.

Heat-only boilers are predominately used to facilitate space-heating services to both commercial and residential establishments during the winter months. These boilers are more common in places that are known to experience harsh winters, where the temperature frequently drops to single digits or below zero.