According to Data Bridge Market Research new Market report, global district heating market accounted to USD 176,575.20 million in 2018 growing at a CAGR of 3.20 % during the forecast period of 2019 to 2026.
Global District Heating Market
District heating can be defined as a system which generates the heat at centralized location & distributes to commercial as well as residential areas where the requirement is. The heat is being generated or produced through insulated pipelines which has major applicability in water heating or space heating. District heating plants emit less pollution in comparison to localized boiler.
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Segmentation: Global District Heating Market
Global district heating market is segmented on the basis of heat source, plant type, application and geography.
By Heat Source (Coal, Natural Gas, Renewable, Oil and Petroleum Products, Others), Plant Type (Boiler, Combined Heat and Power {CHP}, Others), Application (Residential, Commercial, Industrial)and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN DISTRICT HEATING MARKET
Stringent government rules for controlling the increasing global carbon emission from fossil fuel combustion
Due to increasing global warming & greenhouse effect the government of different countries are making stringent rules for controlling the pollution specifically carbon emission. The localized boilers at different places create more emission of carbon as compared to district heating plants. This drives the demand for district heating market as the regulations are being made in the favor of producing the heat & heat water at one single place & supply it to the cities through pipe. The data shows that there is constant increase in carbon emission i.e. in year 2000 nearly 6500 million metric ton of carbon emission took place which increased to nearly 9500 million metric ton in 2010. To control such emission the government is trying control it through production of heat generation at one single place.
Key Market Competitors: Global District Heating Market
Few of the major competitors currently working in District Heating market are Fortum,Vattenfall AB, Engie, Danfoss AG, NRG Energy, Inc., Statkraft, SHINRYO CORPORATION, LOGSTOR A/S, Vital Energi Ltd., Kelag, Göteborg Energi, FVB Energy Inc., Alfa Laval, Ramboll Group A/S, SAVON VOIMA OYJ, Enwave Energy Corporation, Orsted A/S, Helen Oy, Keppel Corporation Limited and STEAG NEW ENERGIES
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