According to a new report published by UnivDatos Markets Insights the District Heating Market is expected to grow at a CAGR of around 4% from 2021-2027. The analysis has been segmented into Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products, And Others), Plant Type (Boiler, CHP, And Others), Application (Residential, Commercial, And, Industrial); Region/Country.

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The District Heating market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the District Heating market. The District Heating market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the District Heating market at the global and regional levels.

Market Overview

District heating systems are an important part of heating sector decarbonization, as they allow for the integration of flexible and clean energy sources into the energy mix, which could be challenging at the individual building level in urban dense areas. However, although many cities are already implementing low carbon district heating solutions, around 90% of global district heat production today still relies on fossil fuels. Factors such as increasing concerns about recycling waste energies along with government subsidies and power taxes will augment the market growth. Moreover, minimal impact on the environment in line with low dependency on conventional fuel for heat generation will complement the business scenario. For instance: According to IEA, Global district heating production was 16 EJ of heat in 2020, jumping 30% from the 2000 level at an annual compound growth rate of ~1.3%. China, Russia, and Europe are responsible for more than 90% of global district heat production, and therefore critically influence the average carbon intensity of district heating.

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COVID-19 Impact

The COVID-19 pandemic has considerably impacted the market size of district heating. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. The lockdown imposed by the government across the globe has severely impacted the global economy which in turn delays in major infrastructure projects and the closure of various industrial and manufacturing facilities. Hence, COVID-19 significantly influenced overall industry growth, impacting overall demand for district heating systems.

The global District Heating market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

·        Based on the heat source, the district heating market is classified into coal, natural gas, renewable, oil & petroleum products, and others. The renewable segment caters to extensive market share in the district heating market. It is mainly owing to the rising public and government concern about environmental safety that has grown in recent years, power companies have shifted their attention from fossil fuels to renewable sources which would boost the use of renewable energy sources all over the world.

·        Based on the plant type, the district heating market is classified into the boiler, CHP, and others. The combined heat and power (CHP) segment cater to extensive market share in the district heating market. The combined heat and power (CHP) systems allow producing both electricity and heat for the heating systems. This has been a major component in their growth in recent years. CHO market demand is boosted by improved energy supply efficiency and the use of waste heat and low-carbon renewable energy sources.

Based on the application, the district heating market is segmented into residential, commercial, and, industrial. The industrial segment acquired a considerable market share in the district heating market. According to an IEA report, nearly 40% of the heat generated globally in district heating plants goes to the industry sector, as industrial users often require high-temperature heat. Moreover, China leads, with more than 50% of global district heat consumed in its industry sector in 2020, up from around 34% in 2010.

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District Heating Market Geographical Segmentation Includes:

·        North America (United States, Canada, and Rest of North America)

·        Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)

·        Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)

·        Rest of the World

For a better understanding of the market dynamics of the District Heating market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Geographically, the Asia Pacific region dominated the District Heating market mainly attributed to the increasing urbanization and rising demand for energy-efficient & cost-effective heating solutions in this region.

The major players targeting the market include

·        Fortum

·        Vattenfall

·        Engie

·        Danfoss

·        NRG Energy

·        Statkraft

·        Shinryo Corporation

·        LOGSTOR

·        Vital Energi

·        Kelag

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the District Heating market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

• What are the latest trends, new patterns, and technological advancements in the District Heating market?

• Which factors are influencing the District Heating market over the forecast period?

• What are the global challenges, threats, and risks in the District Heating market?

• Which factors are propelling and restraining the District Heating market?

• What are the demanding global regions of the District Heating market?

• What will be the global market size in the upcoming years?

• What are the crucial market acquisition strategies and policies applied by global companies?

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