District Heating Trends and Forecast
The future of the global district heating market looks promising with opportunities in the residential, commercial, and industrial markets. The global district heating market is expected to reach an estimated $243.5 billion by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing demand for efficient heating solutions and rising adoption of renewable energy sources.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
District Heating by Segment
The study includes a forecast for the global district heating by plant type, heat source, application, and region.
District Heating Market by Plant Type [Shipment Analysis by Value from 2018 to 2030]:
• Boiler Plant
• Combined Heat & Power
• Others
District Heating Market by Heat Source [Shipment Analysis by Value from 2018 to 2030]:
• Coal
• Natural Gas
• Renewables
• Oil & Petroleum Products
• Others
District Heating Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Commercial
• Industrial
• Others
District Heating Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of District Heating Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies district heating companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the district heating companies profiled in this report include-
• Fortum
• Vattenfall
• ENGIE
• Danfoss
• Statkraft
District Heating Market Insights
Lucintel forecasts that boiler plant is expected to witness the highest growth over the forecast period.
Within this market, residential is expected to witness the highest growth over the forecast period.
Europe is expected to witness highest growth over the forecast period.
Features of the Global District Heating Market
Market Size Estimates: District heating market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: District heating market size by plant type, heat source, application, and region in terms of value ($B).
Regional Analysis: District heating market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different plant types, heat sources, applications, and regions for the district heating market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the district heating market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the district heating market size?
Answer: The global district heating market is expected to reach an estimated $243.5 billion by 2030.
Q2. What is the growth forecast for district heating market?
Answer: The global district heating market is expected to grow with a CAGR of 5.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the district heating market?
Answer: The major drivers for this market are increasing demand for efficient heating solutions and rising adoption of renewable energy sources.
Q4. What are the major segments for district heating market?
Answer: The future of the district heating market looks promising with opportunities in the residential, commercial, and industrial markets.
Q5. Who are the key district heating market companies?
Answer: Some of the key district heating companies are as follows:
• Fortum
• Vattenfall
• ENGIE
• Danfoss
• Statkraft
Q6. Which district heating market segment will be the largest in future?
Answer: Lucintel forecasts that boiler plant is expected to witness the highest growth over the forecast period.
Q7. In district heating market, which region is expected to be the largest in next 5 years?
Answer: Europe is expected to witness highest growth over the forecast period.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the district heating market by plant type (boiler plant, combined heat & power, and others), heat source (coal, natural gas, renewables, oil & petroleum products, and others), application (residential, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to District Heating Market, District Heating Market Size, District Heating Market Growth, District Heating Market Analysis, District Heating Market Report, District Heating Market Share, District Heating Market Trends, District Heating Market Forecast, District Heating Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.