Transparency Market Research has published a new report "District Heating and Cooling Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015 - 2023 " to its report store.
Albany, NY -- (SBWIRE) -- 01/05/2016 -- A market research report recently published by Transparency Market Research presents a detailed overview of the global district heating and cooling market. The report projects moderate, yet positive, growth prospects for the market over the period between 2015 and 2023. The report states that the market will expand at a 5.7% CAGR over the period and rise from a valuation of US$142.6 bn in 2014 to US$229.4 bn by 2023. The report is titled "District Heating and Cooling Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2015 - 2023".
Browse the full District Heating and Cooling Market report at : http://www.transparencymarketresearch.com/district-heating-cooling-market.html
There are many factors favoring the growth of the global market for district heating and cooling solutions, including cost savings and good returns on investment, flexibility of generation options, which is effectively mitigating fuel risks and generation costs, and the favorable regulatory framework and incentive mechanisms fuelling the adoption of district heating and cooling mechanism across regional markets. The global DHC market is also expected to benefit significantly from the high rate of installation of DHC systems in Middle East.
Technological advancements in the field of district heating and cooling systems are expected to result in attractive operating and financing benefits for vendors in the market over the report's forecast period. However, factors such as the high capital costs involved in the construction of heating and cooling plants, connections, and pipeline network could hamper the overall growth of the global market for district heating and cooling market to a certain extent over the report's forecast period.
The report segments the global district heating and cooling market on the basis of geography into North America, Asia Pacific, Europe, and Rest of the World.
Of these, Asia Pacific led the global market by accounting for a 50% share in terms of volume in 2014. The market in the region is gaining impetus from the rising awareness about the numerous benefits of district heating and cooling systems to the environment and overall finances of a town due to the reduction in consumption of electricity and petroleum based fuels used for electric heaters, air conditioners and traditional oil heaters. This factor is leading to an increased adoption of district heating and cooling systems in countries like South Korea, Japan, and China.
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In 2014, Europe emerged as the second-largest regional market for district heating and cooling systems. District heating systems accounted for a major share in the market during the same period in the region. North America accounted for the third-largest share in the global market and the demand for district heating and cooling systems was fueled by the rising concern about environmental pollution and efficient usage of available fuels.
The report also gives a detailed overview of the competitive landscape of the global market for district heating and cooling with the help of detailed business profiles, SWOT analysis, details regarding financial and business strategies, and recent developments of some of the key companies operating in the market.
The companies profiled in the report include Emirates Central Cooling Systems Corporation (EMPOWER), ADC Energy Systems LLC, Emirates National Central Cooling Company PJSC (Tabreed), Emirates District Cooling LLC (Emicool), Logstor A/S, KELAG Wärme GmbH, Keppel DHCS Pte. Ltd., Tekla Corporation, Shinryo Corporation, and Ramboll Group A/S.
Global District Heating and Cooling Market: Regional Analysis
Rest of World
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