District Heating Market Size, Share, and Analysis, By Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products, and Others), By Plant Type (Boiler, Combined Heat and Power (CHP), Heat Exchangers, Heat Meter, and Others), By Application (Residential, Commercial, Industrials), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
District Heating Market Size, Share, and Analysis, By Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products, and Others), By Plant Type (Boiler, Combined Heat and Power (CHP), Heat Exchangers, Heat Meter, and Others), By Application (Residential, Commercial, Industrials), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034
PRODUCT OVERVIEW
District Heating Market is anticipated t%li%grow at a CAGR of 4.7% in the forecast period (2024-2034), with the market size valued at USD 180.5 billion in 2023 and projected t%li%reach USD 299.9 billion by 2034.
District heating is a centralized heating system that supplies heat t%li%multiple buildings or residences from a single source. The system operates by generating heat in a large-scale facility, such as a power plant, and distributing it through a network of insulated pipes t%li%individual consumers. District heating provides efficiency by using waste heat from industrial processes or power generation, thus reducing energy consumption and harmful emissions. It can use various heat sources, such as renewable energy, natural gas, or biomass, thereby contributing t%li%environmental sustainability. Furthermore, by eliminating the need for individual heating systems, district heating reduces carbon emissions and improves energy efficiency on a larger scale. It provides reliability and cost-effectiveness for consumers while concurrently promoting sustainable energy practices.
MARKET HIGHLIGHTS
District Heating Market is anticipated t%li%reach USD 299.9 billion, growing at a CAGR of 4.7% during the forecast period, owing t%li%the growing focus on energy efficiency and sustainability, which is further strengthened by strict environmental regulations. Additionally, urbanization efforts are fueling the demand for reliable heating solutions in densely populated areas. Moreover, technological improvements in heat generation and storage are increasing the dependability of systems, along with attracting high investments from the public and private sectors. Furthermore, several incentives by the government that promote the development of district heating infrastructure play an important role in driving the growth of the district heating market. Therefore, the district heating system market will witness significant growth as communities across the globe seek sustainable and effective heating solutions t%li%solve modern energy crises.
District Heating Market Segments:
Growth Drivers
Increasing Urbanization has Improved the Growth Trajectory of the Market
Government Initiatives and Regulations are Benefiting the Market
Restraint
Higher Initial Investment Costs are Acting as a Barrier for the Growth of District Heating Market
Key Players
PRODUCT OVERVIEW
District Heating Market is anticipated t%li%grow at a CAGR of 4.7% in the forecast period (2024-2034), with the market size valued at USD 180.5 billion in 2023 and projected t%li%reach USD 299.9 billion by 2034.
District heating is a centralized heating system that supplies heat t%li%multiple buildings or residences from a single source. The system operates by generating heat in a large-scale facility, such as a power plant, and distributing it through a network of insulated pipes t%li%individual consumers. District heating provides efficiency by using waste heat from industrial processes or power generation, thus reducing energy consumption and harmful emissions. It can use various heat sources, such as renewable energy, natural gas, or biomass, thereby contributing t%li%environmental sustainability. Furthermore, by eliminating the need for individual heating systems, district heating reduces carbon emissions and improves energy efficiency on a larger scale. It provides reliability and cost-effectiveness for consumers while concurrently promoting sustainable energy practices.
MARKET HIGHLIGHTS
District Heating Market is anticipated t%li%reach USD 299.9 billion, growing at a CAGR of 4.7% during the forecast period, owing t%li%the growing focus on energy efficiency and sustainability, which is further strengthened by strict environmental regulations. Additionally, urbanization efforts are fueling the demand for reliable heating solutions in densely populated areas. Moreover, technological improvements in heat generation and storage are increasing the dependability of systems, along with attracting high investments from the public and private sectors. Furthermore, several incentives by the government that promote the development of district heating infrastructure play an important role in driving the growth of the district heating market. Therefore, the district heating system market will witness significant growth as communities across the globe seek sustainable and effective heating solutions t%li%solve modern energy crises.
District Heating Market Segments:
- By Heat Source
- Coal
- Natural Gas
- Renewable
- Oil & Petroleum Products
- Others
- By Plant Type
- Boiler
- Combined Heat and Power (CHP)
- Heat Exchangers
- Heat Meter
- Others
- By Application
- Residential
- Commercial
- Industrials
Growth Drivers
Increasing Urbanization has Improved the Growth Trajectory of the Market
Government Initiatives and Regulations are Benefiting the Market
Restraint
Higher Initial Investment Costs are Acting as a Barrier for the Growth of District Heating Market
Key Players
- Veolia Environment
- ENGIE
- Danfoss
- Fortum
- Ramboll
- Vattenfall
- Statkraft
- ENMAX Corporation
- Eversource Energy
- FVB Energy Inc.
- District Energy New York
- NRG Energy
- Korea District Heating Corporation
- Toky%li%Electric Power Company
- Osaka Gas
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight int%li%the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1.Regional Market Share
1.2. Business Trends
1.3.District Heating Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.District Heating Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. DISTRICT HEATING MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. DISTRICT HEATING MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Heat Source
11.3.1.1. Coal
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Natural Gas
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034
11.3.1.3.Renewable
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Oil & Petroleum Products
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Plant Type
11.3.2.1.Boiler
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Combined Heat and Power (CHP)
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Heat Exchangers
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Heat Meter
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Others
11.3.2.5.1. By Value (USD Million) 2024-2034F
11.3.2.5.2.Market Share (%) 2024-2034F
11.3.2.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Residential
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Industrials
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Heat Source
12.3.2.By Plant Type
12.3.3.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Heat Source
13.3.2.By Plant Type
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Heat Source
14.3.2.By Plant Type
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Heat Source
15.3.2.By Plant Type
15.3.3.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Heat Source
16.3.2.By Plant Type
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Veolia Environment
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.ENGIE
18.3.Danfoss
18.4. Fortum
18.5.Ramboll
18.6.Vattenfall
18.7.Statkraft
18.8. ENMAX Corporation
18.9.Eversource Energy
18.10. FVB Energy Inc.
18.11. District Energy New York
18.12. NRG Energy
18.13. Korea District Heating Corporation
18.14. Tokyo Electric Power Company
18.15. Osaka Gas
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
1.1.Regional Market Share
1.2. Business Trends
1.3.District Heating Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. RESEARCH METHODOLOGY
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. MARKET CHARACTERISTICS
3.1. Market Definition
3.2.District Heating Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. DISTRICT HEATING MARKET – INDUSTRY INSIGHTS
4.1.Industry Segmentation
4.2. COVID-19 overview of world economy
4.3. Industry Ecosystem Channel Analysis
4.4. Innovation & Sustainability
5. MACROECONOMIC INDICATORS
6. RECENT DEVELOPMENTS
7.MARKET DYNAMICS
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. RISK ANALYSIS
9. MARKET ANALYSIS
9.1. Porter's Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. DISTRICT HEATING MARKET
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1.By Heat Source
11.3.1.1. Coal
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Natural Gas
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034
11.3.1.3.Renewable
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Oil & Petroleum Products
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1.By Value (USD Million) 2024-2034F
11.3.1.5.2. Market Share (%) 2024-2034F
11.3.1.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Plant Type
11.3.2.1.Boiler
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Combined Heat and Power (CHP)
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Heat Exchangers
11.3.2.3.1. By Value (USD Million) 2024-2034F
11.3.2.3.2.Market Share (%) 2024-2034F
11.3.2.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Heat Meter
11.3.2.4.1. By Value (USD Million) 2024-2034F
11.3.2.4.2.Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5. Others
11.3.2.5.1. By Value (USD Million) 2024-2034F
11.3.2.5.2.Market Share (%) 2024-2034F
11.3.2.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Application
11.3.3.1.Residential
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Industrials
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
12. NORTH AMERICA DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Heat Source
12.3.2.By Plant Type
12.3.3.By Application
12.4. Country
12.4.1. United States
12.4.2.Canada
13. EUROPE DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Heat Source
13.3.2.By Plant Type
13.3.3.By Application
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. ASIA-PACIFIC DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Heat Source
14.3.2.By Plant Type
14.3.3.By Application
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. MIDDLE EAST AND AFRICA DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Heat Source
15.3.2.By Plant Type
15.3.3.By Application
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. LATIN AMERICA DISTRICT HEATING MARKET SIZE & FORECAST 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Heat Source
16.3.2.By Plant Type
16.3.3.By Application
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. COMPETITIVE LANDSCAPE
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. COMPANY PROFILES
18.1. Veolia Environment
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.ENGIE
18.3.Danfoss
18.4. Fortum
18.5.Ramboll
18.6.Vattenfall
18.7.Statkraft
18.8. ENMAX Corporation
18.9.Eversource Energy
18.10. FVB Energy Inc.
18.11. District Energy New York
18.12. NRG Energy
18.13. Korea District Heating Corporation
18.14. Tokyo Electric Power Company
18.15. Osaka Gas
18.16.Other Prominent Players
19. APPENDIX
20.CONSULTANT RECOMMENDATION
