According to Global Market Insights, Inc., Combined heat and power (CHP) district heating market is poised to achieve 4% CAGR in given time-frame owing to feasible operation costs, effective distribution networks and low CO2 emissions.
Selbyville, DL (PRWEB) - The commercial district heating market is anticipated to achieve over 6% by 2024. Growing demand for sustainable & advanced heating technologies coupled with active measures toward achieving energy security will support the business growth. The capability of DH systems to provide high operational performance, enhanced reliability and economic feasibility across commercial applications will accelerate the adoption of systems. Furthermore, the development of advanced technology solutions including pre-insulated piping network will encourage the district heating market growth.
China district heating market in 2017, contributed to more than 30% of the global market share. Effective government measures to curb air pollution and promotion of sustainable solutions for heating across consumers will complement the business landscape. For instance, the ministry of Housing & Urban-Rural Development has announced to increase the capacity of indoor heating zones across the upper belt in Southern China, with temperature falling below 50 C during winters. Moreover, in 2016, the World Bank had accepted a loan of worth USD 100 million for Hebai province of China for establishing the green heating deployments.
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Global District Heating Market size will surpass USD 250 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. Rigorous implementation of government regulations & policies toward the reduction of carbon emissions accompanied by growing measures toward the recycle & reuse of waste energies will drive the market growth. For instance, the U.S. Environmental Protection Agency through its Clean Air Act regulates the release of harmful air pollutants including the CO2, SO2 and NOx emissions. As per the EU, the Combined Heat and Power (CHP) based district heating system emits relatively 60% lower amount of CO2 as opposed to conventional boiler-based space heating system running on the same fuel.
Solar District Heating (SDH) market is expected to grow over 8% by 2024. Relatively lower operational cost, ease of installation, environmental performance, and economic viability are some of the key features that will accelerate the technology adoption. The EU, as part of its SDHtake-off plan aims at promoting and deploying SDH systems across Germany, Denmark, Austria, Czech Republic and Italy. Under this program, a capacity of over 500 MWth of SDH has been added and the government further aims at adding over 8 GWth by 2020.
Browse key District Heating Market insights from the 2018 report spread across 324, pages offering 472 market data tables as well as 46 figures & charts along with the table of contents:
Strict government standards and policies toward adoption of green & sustainable technologies and reducing the CO2 emissions will foster the Russia district heating market. By 2020, the country has planned to reduce the GHG emissions by 75% compared to the levels in 1990. Rapid modernization and renovation measures toward existing traditional heating systems to attain energy efficiency will encourage the product adoption.
Notable industry participants across the global market include Fortum, Goteborg, Vattenfall, STEA, Statkraft, Shinryo, RWE, Ramboll, Ørsted, NRG, LOGSTOR, Korea District Heating Corporation, Keppel, Kelag and Hafslund.
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