District Heating Market is projected to reach USD 250 Billion by 2024
Date: 2018-11-19   Author: Rahul Sankrityayan  Category: #market

District Heating Market is projected to reach USD 250 Billion by 2024

Ongoing adoption of government regulations toward limiting carbon emissions along with advent of advanced technologies toward reusing and recycling the waste energy will augment the Industry growth. For instance, as per the Clean Air Act, the U.S. EPA has regulated the elimination of toxic air pollutants including SO2, Nox and CO2, emissions. As per the European Union, the DH system based on Combined Heat & Power (CHP) emits lesser carbon emissions, up to 60 % in comparison to the traditional boiler-based heating systems fueled by the same source. District Heating Market is predicted to reach over USD 250 billion by 2024.

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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.

Strict government standards and policies toward adoption of green & sustainable technologies and reducing the CO2 emissions will foster the Russia district heating market. By 2020, the country has planned to reduce the GHG emissions by 75% compared to the levels in 1990. Rapid modernization and renovation measures toward existing traditional heating systems to attain energy efficiency will encourage the product adoption.

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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 buisness 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.

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.

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Eminent players across the district heating market include: Goteborg, Fortum, Vattenfall, Statkraft, STEA, Shinryo, Ramboll, RWE, Ørsted, LOGSTOR, NRG., Hafslund, Keppel, Korea District Heating Co and Kelag.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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