District Heating Market
Global District Heating Market size will record a 3.8% CAGR from 2024 to 2032, due to a surge in plant launches and an intensified focus on energy security.
In response to the demand for reliable and sustainable energy sources in urban settings, companies are not only launching new district heating plants but are also prioritizing efficiency and a reduction in carbon emissions. This commitment to energy security is pushing the adoption of advanced technologies and integrated systems, bolstering the resilience and performance of district heating networks. For example, in early 2022, the development of Europe's largest geothermal district heating plant in Aarhus was announced. This significant project is expected to be partially commissioned by 2025, marking a major step forward in sustainable energy solutions for the city.
The market is segregated into source, application, and country.
In terms of source, the geothermal segment in the Europe district heating industry is set to experience growth at a notable rate through 2032, led by the increasing need to provide sustainable and efficient energy solutions. Companies are developing new geothermal plants for utilizing the Earth's natural heat to supply heating for residential and commercial buildings. This approach is enhancing the sustainability of district heating networks by reducing reliance on fossil fuels and lowering carbon emissions.
By application, the district heating market share from the commercial segment is projected to grow from 2024 to 2032. This growth is fueled by businesses and large buildings increasingly turning to district heating for its efficient and reliable energy solutions. Centralized heat production, a hallmark of district heating systems, is allowing companies to cut operational costs and lessen their environmental footprint. Consequently, commercial entities are reaping the benefits of consistent and economical heating.
U.K. district heating industry size is projected to depict a robust CAGR between 2024 and 2032, due to ongoing economic development. New projects are initiated as cities and communities invest in modern infrastructure to support growth and improve energy efficiency. This trend is driving the adoption of district heating systems to provide cost-effective and sustainable solutions for urban areas. Looking ahead, the U.K. envisions a continuous evolution, emphasizing renewable energy sources and smarter grid technologies, all in harmony with its broader goals of sustainable economic growth and enhanced environmental performance.
- Chapter 1 Research Methodology
- 1.1 Research design
- 1.1.1 Research approach
- 1.1.2 Data collection methods
- 1.2 Base estimates and calculations
- 1.2.1 Market estimates & forecast parameters
- 1.3 Abbreviations
- 1.3.1 Key trends for market estimates
- 1.4 Forecast model
- 1.5 Primary research & validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
- 1.6 Market definitions
- Chapter 2 Exclusive Summary
- 2.1 Industry snapshot
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Source trends
- 2.1.4 Application trends
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Scenario I
- 3.1.2 Scenario II
- 3.1.3 Scenario III
- 3.2 Regulatory landscape
- 3.2.1 North America
- 3.2.1.1 U.S.
- 3.2.1.1.1 U.S. Acts
- 3.2.1.1.2 U.S. Federal Agencies
- 3.2.1.1.3 Industry and non-governmental organizations
- 3.2.1.1.4 Federal Energy Management Program
- 3.2.1.1.5 New California Building Efficiency Standards
- 3.2.1.1.6 New York City Local Law 97
- 3.2.1.2 Canada
- 3.2.1.2.1 National Energy Code of Canada for Buildings
- 3.2.2 Europe
- 3.2.2.2 Germany
- 3.2.2.2.1 German Energy Saving Ordinance (EnEV)
- 3.2.2.3 France
- 3.2.2.3.1 Energy Transition Act, 2015
- 3.2.2.3.2 DH zoning rule
- 3.2.2.4 Sweden
- 3.2.2.4.1 Energy taxation, subsidies, and fees
- 3.2.2.4.2 Long term energy and climate goals
- 3.2.2.4.3 The Energy Framework Agreement and the Energy Commission
- 3.2.2.4.4 The District Heating Act
- 3.2.2.5 Finland
- 3.2.2.5.1 Long term energy and climate goals
- 3.2.2.5.2 National energy policy
- 3.2.2.5.3 Building regulations
- 3.2.2.6 UK
- 3.2.2.6.1 Heat Network Transformation Programme (HNTP)
- 3.2.2.7 Denmark
- 3.2.2.8 Italy
- 3.2.2.9 Russia
- 3.2.2.9.1 Federal Heat Law
- 3.2.3 Asia Pacific
- 3.2.3.1 China
- 3.2.3.2 Japan
- 3.2.3.2.1 The 4th Generation District Heating and Japan's Thermal Policy
- 3.2.3.2.2 Energy Laws and Regulations 2023
- 3.2.3.2.3 Energy efficiency building standards
- 3.3 Industry impact forces
- 3.3.1 Growth drivers
- 3.3.1.1 North America
- 3.3.1.1.1 Strict regulations towards carbon emissions
- 3.3.1.1.2 Favorable government policies towards renewable including CHP
- 3.3.1.2 Europe
- 3.3.1.2.1 Government norms toward zero emission buildings
- 3.3.1.2.2 Government incentives towards adoption of district heating systems
- 3.3.1.3 Asia Pacific
- 3.3.1.3.1 Rapid urbanization and industrialization
- 3.3.2 Industry pitfalls & challenges
- 3.3.2.1 High initial cost
- 3.3.2.2 Volatile prices
- 3.4 Growth potential analysis
- 3.5 Porter's Analysis
- 3.5.1 Bargaining power of suppliers
- 3.5.2 Bargaining power of buyers
- 3.5.3 Threat of new entrants
- 3.5.4 Threat of substitutes
- 3.6 PESTEL Analysis
- Chapter 4 Competitive Landscape, 2024
- 4.1 Strategy dashboard
- 4.1.1 RWE
- 4.1.1.1 Business expansion
- 4.1.2 Fortum
- 4.1.2.1 Investment
- 4.1.2.2 Project Expansion
- 4.1.2.3 Agreement
- 4.1.2.4 Collaboration
- 4.1.2.5 Installation/supply
- 4.1.2.6 Strategic collaboration
- 4.1.2.7 New facility
- 4.1.3 Ãrsted A/S
- 4.1.3.1 Contract
- 4.1.3.2.1 Partnership
- 4.1.3.3 Project
- 4.1.4 Vattenfall AB
- 4.1.4.1 Business expansion
- 4.1.4.2 Partnership
- 4.1.4.3 Technology Development
- 4.1.4.4 Contract
- 4.1.4.5 Installation/supply
- 4.1.4.6 Collaboration
- 4.1.4.7 Acquisition
- 4.1.5 Göteborg Energi
- 4.1.5.1 Agreement
- 4.1.5.2 Installation/Supply
- 4.1.5.3 Collaboration
- 4.1.6 Hafslund Eco
- 4.1.6.1 Agreement
- 4.1.7 NRG Energy, Inc.
- 4.1.7.1 Acquisition
- 4.1.8 LOGSTOR Denmark Holding ApS
- 4.1.8.1 Collaboration
- 4.1.8.2 Product development
- 4.1.9 STEAG GmbH
- 4.1.9.1 Installation/Supply
- 4.1.9.2 Acquisition
- 4.1.10 Statkraft AS
- 4.1.10.1 Acquisition
- 4.1.10.2 Business expansion
- 4.1.11 Ramboll Group A/S
- 4.1.11.1 Agreement
- 4.1.11.2 Product development
- 4.1.11.3 Acquisition
- 4.2 Innovation & sustainability landscape
- Chapter 5 Market, By Source
- 5.1 Key trends
- 5.2 CHP
- 5.3 Geothermal
- 5.4 Solar
- 5.5 Heat only boiler
- Chapter 6 Market, By Application
- 6.1 Key trends
- 6.2 Residential
- 6.3 Commercial
- 6.4 Industrial
- Chapter 7 Market, By Region
- 7.1 Key trends
- 7.2 North America
- 7.3 Europe
- 7.4 Asia Pacific
- Chapter 8 Company Profiles
- 8.1 Fortum
- 8.1.1 Global Overview
- 8.1.2 Market/Business Overview
- 8.1.3 Financial Data
- 8.1.4 Product Landscape
- 8.1.5 Strategic Outlook
- 8.1.6 SWOT Analysis
- 8.2 Goteborg Energi
- 8.2.1 Global Overview
- 8.2.2 Market/Business Overview
- 8.2.3 Financial Data
- 8.2.4 Product Landscape
- 8.2.5 Strategic Outlook
- 8.2.6 SWOT Analysis
- 8.3 Hafslund AS
- 8.3.1 Global Overview
- 8.3.2 Market/Business Overview
- 8.3.3 Financial Data
- 8.3.4 Product Landscape
- 8.3.5 Strategic Outlook
- 8.3.6 SWOT Analysis
- 8.4 Kelag Warme Gmbh
- 8.4.1 Global Overview
- 8.4.2 Market/Business Overview
- 8.4.3 Financial Data
- 8.4.4 Product Landscape
- 8.4.5 SWOT Analysis
- 8.5 Keppel DHCS Pte Ltd
- 8.5.1 Global Overview
- 8.5.2 Market/Business Overview
- 8.5.3 Financial Data
- 8.5.4 Product Landscape
- 8.5.5 SWOT Analysis
- 8.6 Korea District Heating Corporation
- 8.6.1 Global Overview
- 8.6.2 Market/Business Overview
- 8.6.3 Financial Data
- 8.6.4 Product Landscape
- 8.6.5 SWOT Analysis
- 8.7 LOGSTOR A/S
- 8.7.1 Global Overview
- 8.7.2 Market/Business Overview
- 8.7.3 Financial Data
- 8.7.4 Product Landscape
- 8.7.5 Strategic Outlook
- 8.7.6 SWOT Analysis
- 8.8 NRG Energy
- 8.8.1 Global Overview
- 8.8.2 Market/Business Overview
- 8.8.3 Financial Data
- 8.8.4 Product Landscape
- 8.8.5 Strategic Outlook
- 8.8.6 SWOT Analysis
- 8.9 Ãrsted
- 8.9.1 Global Overview
- 8.9.2 Market/Business Overview
- 8.9.3 Financial Data
- 8.9.4 Product Landscape
- 8.9.5 Strategic Outlook
- 8.9.6 SWOT Analysis
- 8.10 Ramboll Group A/S
- 8.10.1 Global Overview
- 8.10.2 Market/Business Overview
- 8.10.3 Financial Data
- 8.10.4 Product Landscape
- 8.10.5 Strategic Outlook
- 8.10.6 SWOT Analysis
- 8.11 RWE AG
- 8.11.1 Global Overview
- 8.11.2 Market/Business Overview
- 8.11.3 Financial Data
- 8.11.4 Product Landscape
- 8.11.5 Strategic Outlook
- 8.11.6 SWOT Analysis
- 8.12 Shinryo Corporation
- 8.12.1 Global Overview
- 8.12.2 Market/Business Overview
- 8.12.3 Financial Data
- 8.12.4 Product Landscape
- 8.12.5 SWOT Analysis
- 8.13 Statkraft AS
- 8.13.1 Global Overview
- 8.13.2 Market/Business Overview
- 8.13.3 Financial Data
- 8.13.4 Product Landscape
- 8.13.5 Strategic Outlook
- 8.13.6 SWOT Analysis
- 8.14 STEAG GmbH
- 8.14.1 Global Overview
- 8.14.2 Market/Business Overview
- 8.14.3 Financial Data
- 8.14.4 Product Landscape
- 8.14.5 Strategic Outlook
- 8.14.6 SWOT Analysis
- 8.15 Vattenfall AB
- 8.15.1 Global Overview
- 8.15.2 Market/Business Overview
- 8.15.3 Financial Data
- 8.15.4 Product Landscape
- 8.15.5 Strategic Outlook
- 8.15.6 SWOT Analysis
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