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District Heating and Cooling Market to See 5% CAGR to 2024: ADC, Cetetherm, Danfoss, DC PRO, Empower, Engie and 30 Other Companies Profile

District Heating and Cooling Market growth will be driven by increasing investments toward the development of residential & commercial establishments across the emerging economies.


Sellbyville, DE -- (SBWIRE) -- 10/11/2018 -- District Heating and Cooling Market growth will be impelled by increasing investments toward the development of residential & commercial establishments across the emerging economies along with favorable regulatory policies pertaining to energy efficiency. Technological advancement, ease of compatibility with various sources, lower thermal loses, and high operational efficiency are some of the underline parameters which makes its adoption preferable when compared with other conventional technologies.

The rising quest for achieving carbon neutrality has significantly impelled the growth of district heating and cooling market in the recent years. In a bid to attain the stringent carbon and emission control targets, several countries are deploying massive district heating & district cooling systems in the growing residential and commercial sectors. Being a centralized system that delivers chilled, hot water, or steam to multiple buildings through a network of pipelines and generates less carbon emissions, the DHC systems are gaining momentum as an effective source over boilers & chillers.

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Commercial district heating & cooling market will witness a growth on account of growing adoption of building codes and standards coupled with the development of combined heating and cooling technologies to provide sustainable energy solution. In addition, the flourishing service sector across the developed nations along with rising investments.

Solar district heating and cooling market was valued over USD 4 billion in 2017. Ease of installation, lower operating cost, economic viability and environmental performance are some of the major factors which will propel the technology adoption. The European Commission, as per its SDH plan aims at deploying and promoting of SDH systems across Italy, Denmark, Germany and Czech Republic. The plan further aims to add a capacity of around 8 GWth by 2020.

As the energy is primarily produced through various sources including CHP (combined heat and power), solar, geothermal, free cooling, absorption cooling and other various sustainable technologies, these systems are energy efficient and much more cost effective. These advantages have significantly fueled the adoption & importance of district heating and district cooling market which in turn have garnered lucrative remuneration. The market's sheer valuation of USD 200 billion in 2017 stands as a vivid validation to the fact that this business sphere is witnessing massive expansion across myriad geographies.

The growing awareness and stringent norms toward sustainable & energy efficient space heating & cooling solutions have uplifted the growth of the U.S. district heating and cooling market. Increasing investment toward the development of the residential & commercial establishments along with ongoing government initiatives to promote green technologies have made U.S. a lucrative hotspot for potential investors.

Besides, the U.S. EPA, in 2015, introduced carbon emission regulations under its Clean Air Act to control the release of air pollutants such as SO2, NOx, and CO2 emissions. Such emission control norms also incorporate the NSPS standards to restrict the air pollution from natural gas & coalfired plants. These factors have substantially favored the growth of the U.S. district heating and district cooling market, which according to reports is anticipated to outstrip a consumption of over 700 PJ by 2024.

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China district heating and cooling market is set to exceed the consumption of 5,000 PJ by 2024. Rapid economic growth along with large scale deployment of heating & cooling systems will encourage the product adoption.

Escalating urbanization & industrialization on account of rising infrastructure development will influence the industry landscape. In 2016, the World Bank approved a loan of USD 100 million for the development of sustainable heating infrastructure across the Hebai province.

Key industry participants across the district heating & cooling market includes ADC, Cetetherm, Danfoss, DC PRO, Empower, Emicool, Engie, Fortum, Goteborg, Helen Oy, Keppel, Korea District Heating, Logstor AS, Tabreed, NRG Energy, Pal Technology, Qatar Cool, Ramboll, Shinryo, Siemens, SNC Lavalin, STEAG, Stellar, Vattenfall and Veolia.

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