According to a new market research report published by Credence Research “District heating & Cooling Market (by Heating Type: Heat-only Boilers, Combined Heat and Power, Geothermal Heating, Solar Heating, and Heat Pumps; by Cooling Type: Free Cooling, Absorption Cooling, and Compression Cooling); by End-user: Residential Commercial and Industrial) – Growth, Future Prospects, and Competitive Landscape, 2018-2026”, the district heating & cooling market was valued US$ 13.89 Bn in 2017 and estimated to grow with a CAGR of 6.1% during the forecast period from 2018 to 2026.
[Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]
District cooling & heating is one of several strategies that can enable the human race to solve the monstrosity of global warming. Huge carbon emissions and misuse of energy that have catastrophic and long-lasting effects on the environment. To order to reduce the effects of global warming, people, societies, states and nations are willing to undo the damage. District heating & cooling is one such initiative capable of reducing carbon emissions by more than 90 per cent and saving fuel by nearly 80 per cent for residential heating and cooling applications. This statistic is too valuable to be ignored and, as a result, governments around the globe are including this approach as their share of environmental well-being. In 2016, the U.K. Government received almost EUR 320 million as consultancy remuneration for the enhancement of its district heating network. Other European countries have already adopted a decentralized heating method with 8 per cent in France, 12 per cent in Germany, 42 per cent in Sweden and 61 per cent in Denmark.
The U.S. and Canada have also incorporated district heating and cooling plants and are planning to expand the network further. More than 80 federal buildings in Ottawa, Canada is linked to 14-kilometre pipelines supplying heating and cooling water. In addition, these businesses are incorporating renewable energy sources, such as solar energy, to make the current heating and cooling system more efficient, economical and environmentally friendly. With almost endless permutations and possibilities, the development of the district cooling and heating system is unavoidable and is expected to take over the conventional centralized cooling system in terms of market value and energy supply.
The current district heating & cooling market offers multiple opportunities for companies involved in the market. The market also offers ample opportunities for new entrants willing to make significant investments and flexible enough to wait for the profits to be produced. Without fear of intense competition, companies can devote their efforts to the development of new technology in order to reduce input resources and achieve optimum plant efficiency.
Few of the major notable players profiled in this research study includes ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed), Keppel DHCS Pte. Ltd., Logstor A/S, KELAG Wärme GmbH, Shinryo Corporation, Vattenfall AB, Fortum Oyj, Statkraft AS, The Korea District Heating Corporation, Hafslund AS, Goteborg Energi, Tekla Corporation, and Ramboll Group A/S among others.
Key Analysis Covered:
Latest trends in district heating & cooling market and growth opportunities for district heating & cooling market participants
Growing awareness and government initiatives creating a positive impact on the overall district heating & cooling market
Different type of heating and cooling mediums used to provide space heating & cooling solution and their market estimations
Largest and fastest growing segments in terms of heating type, cooling type, and end-user
Most prominent geographical regions/ countries for the district heating & cooling market