According to the new market research report “District Heating and Cooling- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global District Heating and Cooling market size is projected to reach USD 470.14 billion by 2030, at a CAGR of 10.1% during the forecast period.
- Global District Heating and Cooling MarketSize(US$ Million), 2019-2030
Source: QYResearch, "District Heating and Cooling- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global District Heating and Cooling Top17Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "District Heating and Cooling- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of District Heating and Cooling include ENGIE, NRG Energy, STEAG, Vattenfall, RWE AG, Empower, Goteborg Energi, Tabreed, ADC Energy Systems, Fortum, etc. In 2023, the global top 10 players had a share approximately 17.0% in terms of revenue.
- District Heating and Cooling,Global Market Size, Split by Product Segment
Source: QYResearch, "District Heating and Cooling- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently District Heating is the largest segment, hold a share of 74.8%.
- District Heating and Cooling,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "District Heating and Cooling- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Residential is the largest segment, hold a share of 39.3%.
- District Heating and Cooling,Global Market Size, Split by Region
Source: QYResearch, "District Heating and Cooling- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
D1: Energy Efficiency Imperatives: Increasing emphasis on energy efficiency is a significant driver for the district heating and cooling market. These systems offer a more energy-efficient alternative by leveraging waste heat, cogeneration, and renewable sources, thereby contributing to overall energy conservation.
D2: Urbanization and Industrial Growth: Rapid urbanization and industrial expansion are driving the demand for district heating and cooling solutions. Concentrated urban areas and industrial zones benefit from centralized thermal energy systems, providing cost-effective and reliable heating and cooling services.
D3: Government Incentives and Regulations: Supportive government policies, incentives, and regulations aimed at promoting sustainable energy solutions are acting as strong drivers for the district heating and cooling market. Financial incentives and stringent environmental standards encourage the adoption of these systems. Associations, collaboration programmes and initiatives are also critical to stimulate and promote district heating expansion and innovation.
Restraint:
R1: Infrastructure Retrofitting: Retrofitting existing infrastructure to accommodate district heating and cooling systems poses a challenge. Upgrading older buildings and integrating new technologies can be logistically complex and may require substantial investment.
R2: Initial Capital Costs: High upfront capital costs for the establishment of district heating and cooling infrastructure can act as a deterrent. The need for substantial initial investment can hinder widespread adoption, particularly in regions where financial resources are limited.
R3: Government Incentives and Regulations: Supportive government policies, incentives, and regulations aimed at promoting sustainable energy solutions are acting as strong drivers for the district heating and cooling market. Financial incentives and stringent environmental standards encourage the adoption of these systems.
About The Authors
| Jiang Jinxiu - Lead Author |
| Email: jiangjinxiu@qyresearch.com |
| Jinxiu Jiang is a technology & market senior analyst specializing in chemical industry. Jiang has rich research experience in chemical industry and focuses on perfluoropolyethers, lubricating greases and heat transfer oils, trichlorohydrosilicon, petroleum needle coke, zirconia beads, high-strength glass fibers, long-glass fiber reinforced polypropylene, isostearic acid and its derivatives, and polytetrahydrofuran, etc. She is engaged in the development of technology and market reports and is also involved in custom projects. |
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