Attractive Opportunities for Players In District Heating Market - Global Forecast to 2027

MarketsandMarkets Research Pvt. Ltd.
MarketsandMarkets Research Pvt. Ltd.

Chicago, Dec. 09, 2022 (GLOBE NEWSWIRE) -- District Heating Market by Heat Source (Coal, Natural Gas, Renewables, Oil & Petroleum Products), Component (Boiler, Heat Exchanger), Plant Type (Boiler Plants, CHP), Application (Residential, Commercial, Industrial) and Region - Global Forecast to 2027", The rise in demand for district heating is also attributed to the increasing use of renewable energy integration in district heating.

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Scope of the Report

Report Metric

Details

Market Size Value in 2022

USD 167.8 Billion  by 2027

Revenue Forecast in 2027

USD 226.5 Billion

Growth Rate

6.2%

Market Size Availability for Years

2018–2027

Base Year

2021

Geographic Regions Covered

North America, Asia Pacific, Europe, and RoW

Segments Covered

By heat source, plant type, application, and region

Companies Covered

  • Fortum (Finland),

  • Vattenfall (Sweden),

  • ENGIE (France),

  • Danfoss (Denmark),

  • Statkraft (Norway),

  • LOGSTOR (Denmark),

  • Vital Energiv (UK),

  • Kelag (Austria),

  • SHINRYO CORPORATION (Japan)

“Browse in-depth TOC on "District Heating  Industry"

175 – Tables
45 – Figures

210 – Pages

Fortum

Fortum is one of the clean energy companies based in Europe, operating in more than 40 nations. The company provides electricity, gas, heating, and cooling accompanied by smart solutions to enhance the resource efficiency of its customers. It primarily serves Nordic and Baltic countries, Russia, Poland, and India. Fortum is the biggest electricity retailer and also ranks among the top heat producers globally. The company operates through five business divisions: Generation, Russia, City Solutions, Consumer Solutions, and Uniper. Fortum concluded the sale of its ~50% ownership in the Swedish district heating and cooling company Stockholm Exergi and the district heating business in the Baltics.

Vattenfall

Vattenfall is among the largest producers and retailers of electricity and heat in Europe. The company provides electricity to industries and supplies energy to homes, helping modernize the way of living through innovation and cooperation. The company provides district heating to residential as well as commercial consumers, for which the company procures heat from embedded electricity sources and open district heating sources, including industries and waste energy sources. The embedded heat sources include wind power, biomass, hydropower, solar energy, natural gas, nuclear power, coal, and oil.

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Recent Developments

  • In March 2022, Fortum and Microsoft announced a novel partnership in which Fortum will collect the surplus heat produced by a new data centre to be constructed by Microsoft in the Finnish capital of Helsinki. The data centres will run entirely on emission-free electricity, and Fortum will use the server cooling process to transfer clean heat to nearby homes, businesses, and other buildings connected to its district heating system. The data centre will have the largest waste heat recycling concept in the entire world.

  • In March 2022, Ameresco, Inc., a leading cleantech integrator specializing in energy efficiency and renewable energy, announced that it had been chosen as a partner in the Bristol City Leap project, a 20-year concession to decarbonize the city. Ameresco, in collaboration with Vattenfall Heat UK, will work through a unique public-private partnership structure to provide services such as energy efficiency upgrades, wind and solar services, project financing, long-term operation and maintenance, and more. The Bristol City Leap project will run for 20 years, aiming for net zero goals through a series of energy and infrastructure investment opportunities that will attract approximately £1 billion in inward investment.

What are the drivers and opportunities for the district heating market?

Factors such as increasing demand for energy-efficient and cost-effective heating systems and growing urbanization and industrialization are among the driving factors of the district heating market. Moreover, initiatives related to clean energy production and stringent legislative regulations to reduce greenhouse gas emissions is expected to offer lucrative opportunities for the district heating market.

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