Summary

District Heating Market Research Report by Heat Source [Coal, Natural Gas, Renewable (Geothermal, Biomass & Biofuel, Others), Oil & Petroleum Products, Others], by Plant Type (Boiler Plants, Combined Heat & Power, Others), by Application [Residential, Commercial (College, Office, Government Buildings, Hospitals, Others), Industrial (Paper & Pulp, Chemical, Food, Refinery, Others)], and by Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) Forecast till 2032

Market Overview
The global district heating market is anticipated to register a significant market expansion at a CAGR of 5.4% during the forecast period to surpass a market value of USD 346,130.7 million by the end of 2032. Centrally producing thermal energy, also from renewable sources, district heating is a cutting-edge and constantly developing approach to building heating that becomes beneficial to protect the environment. District heating enables the transmission of heat from a central energy center rather than a single boiler in a building with a heat distribution system.
The global district heating market is experiencing steady growth, driven by the increasing demand for energy-efficient and cost-effective heating solutions. As environmental concerns intensify, a notable shift toward renewable energy sources is underway. This transition is further supported by favorable government policies that promote the adoption of district heating, particularly in regions focused on reducing carbon footprints and enhancing sustainability.
The global market faces a significant restraint in the form of high initial capital investments required for infrastructure development. The demand for high initial investment could be a hindrance for municipalities, property developers, and investors as well, considering the district heating implementation.
Smart monitoring, AI-driven energy management, and IoT-enabled controls are enhancing the operational efficiency of district heating networks, reducing losses and optimizing heat distribution, which refers to the high utilization of digital technology.
The problem for the industry lies in the fact that currently, there are a very limited number of networks available to capture and make use of waste heat. Expanding networks and improving waste heat recovery infrastructure will be crucial in advancing the market’s future growth.

Market Segmentations
The global district heating market is segmented based on heat sources, including coal, natural gas, renewables, oil & petroleum products, and others. While geothermal, biomass, and biofuel is part of renewables.
Depending on the plant types, the global market is categorized into boiler plants, combined heat and power.
In terms of application variation, the global district heating market is categorized into residential, commercial, and industrial. While commercial is segmented into college, office, government buildings, and hospitals. On the other hand, industrial application is divided into paper & pulp, chemical, food, and refinery.

Regional Insights
In North America, the district heating market is growing steadily, because of the increasing efforts to improve energy efficiency and implement sustainable heating systems in the region. Government regulations supporting carbon emission reductions and clean energy adoption are significantly boosting the trend market in North America.
The European District heating sector grows out of powerful pledges toward decarbonization and renewable energy adoption. Sweden, Denmark, and Finland lead it while presenting an advanced state of fulfillment of their needs with the help of highly advanced modernized networks. The rest of heating requirements are fulfilled by basic primitive methods.
In Latin America, the market is gradually gaining momentum, specifically in Chile, Brazil, and Argentina. Efforts to reduce dependence on traditional fuels and develop awareness of energy efficiency and environmental advantages are stimulating growth.
Asia Pacific is experiencing rapid progress in district heating market, is driven by industrial growth, increasing heating demand, and growing urban development. Countries like South Korea, China, and Japan are heavily investing in infrastructure to meet energy needs and address environmental challenges.
Rising urbanization in the Middle East has been joined by a quest for systems that can provide efficient and cost-effective heating systems. Countries like the UAE and Saudi Arabia are making strategic investments in district heating projects, aiming to lower energy consumption and carbon emissions.

Major Players
Major players in the global district heating market are Vital Energi, Danfoss, Statkraft, Fortum, ENGIE, Veolia, LOGSTOR Denmark Holding ApS, Kelag International GmbH, and SHINRYO CORPORATION.

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Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY ............................................ 18
1.1 MARKET ATTRACTIVENESS ANALYSIS ............................................. 20
1.1.1 DISTRICT HEATING MARKET, BY HEAT TYPE ................................ 21
1.1.2 DISTRICT HEATING MARKET, BY PLANT TYPE .............................. 22
1.1.3 DISTRICT HEATING MARKET, BY APPLICATION ............................ 23
1.1.4 DISTRICT HEATING MARKET, BY REGION ...................................... 24
2 MARKET INTRODUCTION ......................................... 25
2.1 DEFINITION .................. 25
2.2 SCOPE OF THE STUDY ..................................................................... 25
2.3 RESEARCH OBJECTIVE .................................................................... 25
2.4 MARKET STRUCTURE .... 26
3 RESEARCH METHODOLOGY ................................... 27
3.1 DATA MINING ............... 27
3.2 SECONDARY RESEARCH .................................................................. 28
3.3 PRIMARY RESEARCH .... 28
3.3.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS ................................................................... 29
3.3.2 BREAKDOWN OF PRIMARY RESPONDENTS ................................... 29
3.4 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION ............. 31
3.4.1 BOTTOM-UP APPROACH .............................................................. 32
3.4.2 TOP-DOWN APPROACH ............................................................... 32
3.5 DATA VALIDATION ....... 32
3.6 ASSUMPTIONS & LIMITATIONS ........................................................ 33
4 MARKET DYNAMICS ................................................. 34
4.1 INTRODUCTION ............ 34
4.2 DRIVERS ....................... 35
4.2.1 REQUIREMENT OF HIGH DEMAND FOR ENERGY EFFICIENT AND COST-EFFECTIVE SYSTEM AND SHIFT TOWARDS
RENEWABLE SOURCES ................................................................ 35
4.2.2 FAVORABLE GOVERNMENT POLICY FOR THE ADOPTION OF THE DISTRICT HEATING ....................................... 35
4.3 RESTRAINTS ................ 36
4.3.1 NEED FOR HIGH INITIAL INVESTMENT ......................................... 36
4.4 OPPORTUNITIES ........... 37
4.4.1 UTILIZATION OF DIGITAL TECHNOLOGY IN DISTRICT HEATING NETWORKS ...................................................... 37
4.5 CHALLENGES ............... 38
4.5.1 LIMITED NUMBER OF DISTRICT HEATING NETWORKS TO HARNESS WASTE HEAT ............................................ 38
5 MARKET FACTOR ANALYSIS ................................... 39
5.1 SUPPLY CHAIN ANALYSIS................................................................ 39
5.1.1 RAW MATERIAL SUPPLIERS ......................................................... 39
5.1.2 MANUFACTURERS .... 40
5.1.3 DISTRIBUTION & SALES CHANNEL ............................................... 40
5.1.4 END USE .................. 40
5.2 PORTER'S FIVE FORCES ANALYSIS ................................................... 41
5.2.1 THREAT OF NEW ENTRANTS ........................................................ 41
5.2.2 BARGAINING POWER OF SUPPLIERS ............................................ 41
5.2.3 THREAT OF SUBSTITUTES ........................................................... 42
5.2.4 BARGAINING POWER OF BUYERS ................................................. 42
5.2.5 INTENSITY OF RIVALRY ............................................................... 42
5.3 IMPACT OF COVID-19 ON THE GLOBAL DISTRICT HEATING MARKET .................................................................... 42
5.4 QUALITATIVE ANALYSIS BY COMPONENTS ...................................... 43
5.4.1 BOILERS ................... 43
5.4.2 INSULATED PIPELINES ................................................................ 43
5.4.3 HEAT PUMPS ........... 44
5.4.3.1 AIR-TO-AIR HEAT PUMP ........................................................ 44
5.4.3.2 AIR-TO-WATER HEAT PUMP .................................................. 44
5.4.3.3 WATER SOURCE HEAT PUMP ................................................ 44
5.4.3.4 GEOTHERMAL HEAT PUMP ................................................... 44
5.4.3.5 HYBRID HEAT PUMP ............................................................. 44
5.4.4 HEAT EXCHANGERS .................................................................... 45
5.4.5 HEATMETERS ........... 45
6 GLOBAL DISTRICT HEATING MARKET, BY HEAT SOURCE ...................................................... 46
6.1 OVERVIEW .................... 46
6.2 COAL ........................... 47
6.3 NATURAL GAS .............. 47
6.4 RENEWABLES ............... 47
6.5 OIL & PETROLEUM PRODUCTS ......................................................... 47
6.6 OTHERS ....................... 47
7 GLOBAL DISTRICT HEATING MARKET, BY PLANT TYPE.......................................................... 48
7.1 OVERVIEW .................... 48
7.2 BOILER PLANTS ........... 49
7.3 COMBINED HEAT & POWER (CHP) .................................................... 49
7.4 OTHERS ....................... 49
8 GLOBAL DISTRICT HEATING MARKET, BY APPLICATION ........................................................ 50
8.1 OVERVIEW .................... 50
8.2 RESIDENTIAL ................ 51
8.3 COMMERCIAL ............... 51
8.4 INDUSTRIAL ................. 51
9 GLOBAL DISTRICT HEATING MARKET, BY REGION ................................................................. 53
9.1 OVERVIEW .................... 53
9.2 EUROPE ....................... 54
9.2.1 GERMANY ................ 56
9.2.2 RUSSIA .................... 58
9.2.3 FRANCE ................... 60
9.2.4 ITALY ....................... 62
9.2.5 SPAIN ...................... 64
9.2.6 UK ........................... 66
9.2.7 REST OF EUROPE ...... 68
9.3 ASIA-PACIFIC ............... 71
9.3.1 CHINA ...................... 73
9.3.2 JAPAN ..................... 75
9.3.3 INDIA ....................... 77
9.3.4 SOUTH KOREA .......... 79
9.3.5 REST OF ASIA-PACIFIC ................................................................ 81
9.4 NORTH AMERICA .......... 84
9.4.1 US............................ 86
9.4.2 CANADA .................. 88
9.5 LATIN AMERICA ........... 91
9.5.1 BRAZIL ..................... 93
9.5.2 MEXICO ................... 95
9.5.3 ARGENTINA ............. 97
9.5.4 REST OF LATIN AMERICA ............................................................. 99
9.6 MIDDLE EAST & AFRICA ................................................................... 102
9.6.1 GCC ......................... 104
9.6.2 SOUTH AFRICA ......... 106
9.6.3 REST OF MIDDLE EAST & AFRICA ................................................. 108
10 COMPETITIVE LANDSCAPE ..................................... 111
10.1 INTRODUCTION ............ 111
10.2 RECENT DEVELOPMENTS, MERGERS/ACQUISITIONS ........................ 111
10.2.1 PRODUCT LAUNCH ...................................................................... 111
10.2.2 INVESTMENT ........... 112
10.2.3 PARTNERSHIP/ COLLABORATION/ AGREEMENT ........................... 112
10.2.4 ACQUISITION ........... 113
10.3 GLOBAL MARKET STRATEGY ANALYSIS ........................................... 113
10.4 COMPETITIVE BENCHMARKING ....................................................... 114
11 COMPANY PROFILES ............................................... 115
11.1 FORTUM ....................... 115
11.1.1 COMPANY OVERVIEW .................................................................. 115
11.1.2 FINANCIAL OVERVIEW ................................................................. 115
11.1.3 PRODUCTS OFFERED ................................................................... 116
11.1.4 KEY DEVELOPMENTS ................................................................... 116
11.1.5 SWOT ANALYSIS ...... 117
11.1.6 KEY STRATEGIES ...... 117
11.2 VATTENFALL AB .......... 118
11.2.1 COMPANY OVERVIEW .................................................................. 118
11.2.2 FINANCIAL OVERVIEW ................................................................. 118
11.2.3 PRODUCTS OFFERED ................................................................... 119
11.2.4 KEY DEVELOPMENTS ................................................................... 119
11.2.5 SWOT ANALYSIS ...... 120
11.2.6 KEY STRATEGIES ...... 120
11.3 ENGIE .......................... 121
11.3.1 COMPANY OVERVIEW .................................................................. 121
11.3.2 FINANCIAL OVERVIEW ................................................................. 121
11.3.3 PRODUCTS OFFERED ................................................................... 122
11.3.4 KEY DEVELOPMENTS ................................................................... 122
11.3.5 SWOT ANALYSIS ...... 122
11.3.6 KEY STRATEGIES ...... 123
11.4 DANFOSS ..................... 123
11.4.1 COMPANY OVERVIEW .................................................................. 123
11.4.2 FINANCIAL OVERVIEW ................................................................. 123
11.4.3 PRODUCTS OFFERED ................................................................... 124
11.4.4 KEY DEVELOPMENTS ................................................................... 124
11.4.5 SWOT ANALYSIS ...... 126
11.4.6 KEY STRATEGIES ...... 126
11.5 STATKRAFT .................. 127
11.5.1 COMPANY OVERVIEW .................................................................. 127
11.5.2 FINANCIAL OVERVIEW ................................................................. 127
11.5.3 PRODUCTS OFFERED ................................................................... 128
11.5.4 KEY DEVELOPMENTS ................................................................... 128
11.5.5 SWOT ANALYSIS ...... 128
11.5.6 KEY STRATEGIES ...... 128
11.6 VEOLIA ........................ 129
11.6.1 COMPANY OVERVIEW .................................................................. 129
11.6.2 FINANCIAL OVERVIEW ................................................................. 129
11.6.3 PRODUCTS OFFERED ................................................................... 129
11.6.4 KEY DEVELOPMENTS ................................................................... 129
11.6.5 SWOT ANALYSIS ...... 130
11.6.6 KEY STRATEGIES ...... 130
11.7 LOGSTOR DENMARK HOLDING APS .................................................. 131
11.7.1 COMPANY OVERVIEW .................................................................. 131
11.7.2 FINANCIAL OVERVIEW ................................................................. 131
11.7.3 PRODUCTS OFFERED ................................................................... 132
11.7.4 KEY DEVELOPMENTS ................................................................... 132
11.7.5 SWOT ANALYSIS ...... 132
11.7.6 KEY STRATEGIES ...... 133
11.8 VITAL ENERGI .............. 134
11.8.1 COMPANY OVERVIEW .................................................................. 134
11.8.2 FINANCIAL OVERVIEW ................................................................. 134
11.8.3 PRODUCTS OFFERED ................................................................... 134
11.8.4 KEY DEVELOPMENTS ................................................................... 134
11.8.5 SWOT ANALYSIS ...... 135
11.8.6 KEY STRATEGIES ...... 135
11.9 KELAG INTERNATIONAL GMBH ........................................................ 136
11.9.1 COMPANY OVERVIEW .................................................................. 136
11.9.2 FINANCIAL OVERVIEW ................................................................. 136
11.9.3 PRODUCTS OFFERED ................................................................... 136
11.9.4 KEY DEVELOPMENTS ................................................................... 136
11.9.5 SWOT ANALYSIS ...... 137
11.9.6 KEY STRATEGIES ...... 137
11.10 SHINRYO CORPORATION ................................................................. 138
11.10.1 COMPANY OVERVIEW .................................................................. 138
11.10.2 FINANCIAL OVERVIEW ................................................................. 138
11.10.3 PRODUCTS OFFERED ................................................................... 138
11.10.4 KEY DEVELOPMENTS ................................................................... 139
11.10.5 KEY STRATEGIES ...... 139
12 APPENDIX.................................................................. 140
12.1 REFERENCES ................ 140
12.2 RELATED REPORTS ....... 141