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District Heating Market by Heat Source (Coal, Natural Gas, Geothermal, Biomass & Biofuel, Solar, Oil & Petroleum Products), Component (Boiler, Heat Exchanger, Heat Pumps), Plant Type (CHP, Boiler), Application and Region - Global Forecast to 2028

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    Report

  • 222 Pages
  • November 2023
  • Region: Global
  • Markets and Markets
  • ID: 4702620
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The global district heating market is expected to be valued at USD 191.5 billion in 2023 and is projected to reach USD 242.1 billion by 2028; it is expected to grow at a CAGR of 4.8% from 2023 to 2028. The increasing trends of urbanization and industrialization are propelling an increased need for energy across various sectors, particularly in densely populated urban centers and industrial hubs. District heating systems emerge as a fitting solution for these areas, characterized by a concentration of buildings requiring heating and a substantial demand for heat in industrial operations. This centralized approach not only ensures dependable heating services but also contributes significantly to the reduction of pollution and overall energy consumption. Urbanization stands out as a prominent global megatrend, with ongoing urban development driving a heightened demand for district heating. The shift in population from rural to urban areas has resulted in a notable increase in public expenditures. This demographic shift has, in turn, spurred a consistent rise in the demand for heating, prompting substantial investments in the district heating sector. The growth of urban areas facilitates organized infrastructure development, creating a conducive environment for the implementation of district heating solutions.

Renewables heat sources are growing at highest CAGR in district heating market

The renewables segment in the district heating market, encompassing sources such as geothermal, biomass & biofuel, and others like solar and wind, is experiencing the highest CAGR due to an escalating global emphasis on sustainable and eco-friendly energy solutions. As concerns about climate change intensify, there is a growing recognition of the environmental benefits offered by renewable energy sources. Governments and industries worldwide are increasingly investing in technologies that harness the power of nature, promoting the integration of renewable energy into district heating systems. The inherent advantages of renewables, including their ability to reduce carbon emissions, enhance energy security, and provide a reliable and consistent heat supply, are driving this segment's rapid growth. Additionally, advancements in renewable energy technologies, coupled with supportive policies and incentives, further contribute to the revenue growth observed in the renewables segment within the district heating market.

Boiler plants accounts for second-largest share in district heating market

Boiler plants secure the second-largest share in the district heating market by plant type due to their widespread adoption and versatility in providing cost-effective and efficient heat generation. Boilers are established and well-understood technologies with the capability to use various heat sources, including fossil fuels and biomass. Their adaptability makes them suitable for diverse applications in district heating systems, accommodating different scales of operation. Boiler plants offer a reliable and controllable means of producing heat, meeting the demands of both residential and industrial consumers. The familiarity, affordability, and proven performance of boiler plants contribute to their prominent market position, making them a preferred choice for district heating solutions globally.

Europe holds largest market share in district heating market.

Europe dominates the district heating market by region, claiming the largest share, primarily due to a combination of historical infrastructure development, stringent environmental regulations, and a commitment to sustainable energy practices. Many European countries have a long-standing tradition of district heating systems, dating back decades, which has laid a robust foundation for their widespread adoption. Additionally, the region's proactive approach to combatting climate change has driven a shift towards cleaner and more efficient heating solutions. Stringent emissions standards and ambitious renewable energy targets have incentivized the expansion and modernization of district heating networks, utilizing a mix of renewable and waste heat sources. The European region's commitment to reducing carbon emissions and enhancing energy efficiency, coupled with a well-established district heating infrastructure, positions it as a leader in the global market.

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows: 

  • By Company Type: Tier 1 – 10%, Tier 2 – 20%, and Tier 3 – 70%
  • By Designation: C-level Executives – 40%, Directors – 30%, and Others – 30%
  • By Region: Americas – 40%, Europe – 40%, Asia Pacific – 20%

The key players operating in the district heating market are Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway) among others.

Research Coverage: 

The research reports the District Heating Market, By Heat Source (Coal, Natural Gas, Renewables (Geothermal,  Biomass & Biofuel, and Others), Oil & Petroleum Products, Others), By Plant Type (Boiler Plants, Combined Heat and Power, and Others), Application (Residential, Commercial, and Industrial), and Region (Americas, Europe, and Asia Pacific). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the district heating market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products, key strategies, Contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the district heating market. Competitive analysis of upcoming startups in the district heating market ecosystem is covered in this report.

Key Benefits of Buying the Report

  • Analysis of key drivers (Rising focus on energy-efficient and cost-effective heating systems
    Rapid growth in urbanization and industrialization propelling demand for sustainable heating services, Increasing shift towards renewable sources in district heating, Lower operating costs as compared with in-building heating systems, Increasing policy initiatives by governments and associations, Carbon tax and emissions reduction driving adoption of district heating solutions), restraints (High investment costs of district heating infrastructure, Unsuitability of large district heating network for small heat loads, and Regulatory and permitting hurdles), opportunities (Increasing focus on waste heat recovery for district heating, Rising number of initiatives related to clean energy production, Integration of multiple energy sources in heat generation, and Digitalization in district heating networks), and challenges (Necessity of robust transportation infrastructure and equipment, Load prediction and better utilization challenges of heating systems, and Limited availability of district heating networks in waste heat recovery) influencing the growth of the district heating market. 
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the district heating market 
  • Market Development: Comprehensive information about lucrative markets – the report analyses the district heating market across varied regions. 
  • Market Diversification: Exhaustive information about new products/services, untapped geographies, recent developments, and investments in the district heating market 
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway), among others in the district heating market.

Table of Contents

1    Introduction
1.1    Study Objectives
1.2    Market Definition
1.2.1    Inclusions and Exclusions
1.3    Study Scope
1.3.1    Markets Covered
Figure 1    District Heating Market: Segmentation
1.3.2    Regional Scope
1.3.3    Years Considered
1.4    Currency Considered
1.5    Limitations
1.6    Unit Considered
1.7    Stakeholders
1.8    Summary of Changes
1.8.1    Recession Impact

2    Research Methodology
2.1    Research Approach
Figure 2    District Heating Market: Research Design
2.1.1    Secondary and Primary Research
2.1.2    Secondary Data
2.1.2.1    List of Major Secondary Sources
2.1.2.2    Key Data from Secondary Sources
2.1.3    Primary Data
2.1.3.1    List of Key Interview Participants
2.1.3.2    Breakdown of Primaries
2.1.3.3    Key Data from Primary Sources
2.1.3.4    Key Industry Insights
2.2    Market Size Estimation
Figure 3    Process Flow of Market Size Estimation
2.2.1    Bottom-Up Approach
2.2.1.1    Approach to Derive Market Size Using Bottom-Up Analysis (Demand Side)
Figure 4    District Heating Market: Bottom-Up Approach
2.2.2    Top-Down Approach
2.2.2.1    Approach to Derive Market Size Using Top-Down Analysis (Supply Side)
Figure 5    District Heating Market: Top-Down Approach
2.2.3    Supply-Side Analysis
Figure 6    Market Size Estimation Methodology (Supply-Side Analysis): Revenues Generated by Companies from Sales of District Heating Systems
2.3    Data Triangulation
Figure 7    Data Triangulation
2.4    Research Assumptions
2.5    Research Limitations
2.6    Parameters Considered to Analyze Recession Impact on District Heating Market
2.7    Risk Assessment

3    Executive Summary
Figure 8    Renewable Heat Sources to Witness Highest CAGR During Forecast Period
Figure 9    Combined and Heat Power Plants to Hold Largest Market Share in 2028
Figure 10    Residential Application in District Heating Market to Witness Highest CAGR During Forecast Period
Figure 11    Europe to Hold Largest Market Share in Global District Heating Market Throughout Forecast Period

4    Premium Insights
4.1    Attractive Growth Opportunities for Players in District Heating Market
Figure 12    Rapid Urbanization and Industrialization to Propel Demand for Sustainable Heating Services
4.2    District Heating Market, by Plant Type
Figure 13    Combined Heat and Power Plant Segment to Hold Largest Market Share from 2023 to 2028
4.3    District Heating Market, by Application
Figure 14    Residential Application to Dominate Market Throughout Forecast Period
4.4    District Heating Market in Europe, by Industry and Country
Figure 15    Residential Segment and Germany Held Largest Shares of European District Heating Market in 2022
4.5    District Heating Market, by Country
Figure 16    China to Record Highest CAGR in Global District Heating Market During Forecast Period

5    Market Overview
5.1    Introduction
5.2    Market Dynamics
Figure 17    District Heating Market: Drivers, Restraints, Opportunities, and Challenges
5.2.1    Drivers
Figure 18    District Heating Market: Impact Analysis of Drivers
5.2.1.1    High Demand for Energy-Efficient and Cost-Effective Heating Systems
5.2.1.2    Rapid Urbanization and Industrialization
5.2.1.3    Increased Use of Renewable Sources to Run District Heating Systems
5.2.1.4    Relatively Low Operating Costs of District Heating Systems Than In-Building Heating Systems
5.2.1.5    Government-Led Incentives and Subsidies Offered for Low-Carbon Technology-Based Products
5.2.1.6    Enforcement of Carbon Tax on Fossil Fuel-Powered Heating Solutions
5.2.2    Restraints
Figure 19    District Heating Market: Impact Analysis of Restraints
5.2.2.1    Need for High Initial Investment
5.2.2.2    Barriers to District Heating Network Deployment in Small-Scale Projects
5.2.2.3    Time-Consuming and Complex Regulatory Approval Processes
5.2.3    Opportunities
Figure 20    District Heating Market: Impact Analysis of Opportunities
5.2.3.1    Increasing Focus on Waste Heat Recovery for District Heating
5.2.3.2    Enforcement of Policies Boosting Renewable Energy Production
5.2.3.3    Integration of Multiple Energy Sources in Heat Generation
5.2.3.4    Utilization of Digital Technology in District Heating Networks
5.2.4    Challenges
Figure 21    District Heating Market: Impact Analysis of Challenges
5.2.4.1    Requirement for Smart Meters to Prevent Heat Loss During Heat Distribution Process
5.2.4.2    Need for Precise Load Planning and Better Utilization of Heating Systems
5.2.4.3    Limited Number of District Heating Networks to Harness Waste Heat
5.3    Value Chain Analysis
Figure 22    District Heating Market: Value Chain Analysis
5.4    Ecosystem Analysis
Figure 23    Ecosystem Analysis
Table 1    Companies and Their Roles in District Heating Ecosystem
5.5    Trends/Disruptions Impacting Customers’ Businesses
Figure 24    Trends/Disruptions Impacting Customers’ Businesses
5.6    Pricing Analysis
5.6.1    Average Selling Price (ASP) Trend of District Heating Systems Offered by Top Three Key Players
Figure 25    Average Selling Price (ASP) Trend of District Heating Systems Offered by Top Three Key Players
Table 2    Average Selling Price (ASP) Trend of District Heating Products Offered by Key Players (USD/MWH)
5.6.2    Average Selling Price (ASP) Trend of District Heating Products, by Application
Figure 26    Average Selling Price (ASP) Trend of District Heating Products, by Application (USD/MWH)
5.6.3    Average Selling Price (ASP) Trend of District Heating Products, by Region
Figure 27    Average Selling Price (ASP) Trend of District Heating Products, by Region (USD/MWH)
5.7    Technology Analysis
5.7.1    Use of Biofuels for District Heating
5.7.2    Geothermal Energy in District Heating
5.7.3    Usage of Waste Heat from Hydrogen Production
5.7.4    Fifth-Generation District Heating
5.7.5    Use of Nuclear Energy for District Heating
5.7.6    Smart District Heating
5.7.7    Carbon Capture and Utilization (CCU)
5.8    Porter’s Five Forces Analysis
Table 3    District Heating Market: Porter’s Five Forces Analysis
Figure 28    Porter’s Five Forces Analysis
5.8.1    Threat of New Entrants
5.8.2    Threat of Substitutes
5.8.3    Bargaining Power of Suppliers
5.8.4    Bargaining Power of Buyers
5.8.5    Intensity of Competitive Rivalry
5.9    Key Stakeholders and Buying Criteria
5.9.1    Key Stakeholders in Buying Process
Figure 29    Key Stakeholders in Buying Process for Top Three Applications
Table 4    Influence of Stakeholders on Buying Process for Top Three Applications
5.9.2    Buying Criteria
Figure 30    Key Buying Criteria for Top Three Application
Table 5    Key Buying Criteria for Top Three Applications
5.10    Key Investments in District Heating
5.11    Case Study Analysis
5.11.1    Fortum Partners with Microsoft to Achieve Carbon-Neutral Heating Using Data Center Waste Heat Recovery
5.11.2    Danfoss Constructs District Heating Systems at Teknopark, Istanbul, to Address Complex Requirements of Project
5.11.3    Fyn Consults Ramboli to Develop Heat Pump System That Transfers Surplus Energy from Facebook Data Center to District Heating Network of Odense
5.11.4    Vital Energi Provides Low-Carbon and Hot Water to Camden Locks Via Buried District Heating and Cooling Network
5.12    Trade Analysis
5.12.1    Import Scenario
Table 6    Import Data for HS Code 841861-Compliant Products, by Country, 2018-2022 (USD Million)
5.12.2    Export Scenario
Table 7    Export Data for HS Code 841861-Compliant Products, by Country, 2018-2022 (USD Million)
5.12.3    Tariffs
Table 8    MFN Tariff for HS Code 841861-Compliant Products Exported by China
Table 9    MFN Tariff for Hs Code 841861-Compliant Products Exported by France
5.13    Patent Analysis, 2020-2023
Table 10    District Heating Market: List of Patents, 2020-2023
Figure 31    Number of Patents Granted Per Year, 2013-2022
Table 11    Number of Patents Registered in Last 10 Years
Figure 32    Top 10 Companies with Highest Number of Patent Applications in Last 10 Years
5.14    Key Conferences and Events, 2024-2025
Table 12    District Heating Market: List of Conferences and Events
5.15    Regulatory Landscape and Standards
5.15.1    Regulatory Bodies, Government Agencies, and Other Organizations
Table 13    Americas: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 14    Europe: List of Regulatory Bodies, Government Agencies, and Other Organizations
Table 15    Asia-Pacific: List of Regulatory Bodies, Government Agencies, and Other Organizations
5.15.2    Standards and Regulations
5.15.2.1    Standards
5.15.2.2    Regulations

6    Components of District Heating Products
6.1    Introduction
6.2    Boilers
6.2.1    Ability to Convert Heat Sources into Usable Thermal Energy to Boost Demand
6.3    Insulated Pipelines
6.3.1    Reduced Energy Wastage and Minimized Heat Losses During Transit to Fuel Market Growth
6.4    Heat Pumps
6.4.1    Ability to Utilize Low-Grade Heat Sources to Drive Demand
6.4.2    Air-To-Air Heat Pumps
6.4.2.1    Potential Energy-Efficient Alternative to Traditional Heating Systems to Accelerate Demand
6.4.3    Air-To-Water Heat Pumps
6.4.3.1    Ability to Exhibit High Performance in Cold Climates to Support Market Growth
6.4.4    Water Source Heat Pumps
6.4.4.1    Significant Contribution to Reduced Energy Consumption and Environmental Impact to Drive Market
6.4.5    Geothermal Heat Pumps
6.4.5.1    Ongoing Advancements in Geothermal Heat Pump Technology to Boost Demand
6.4.6    Hybrid Heat Pumps
6.4.6.1    Enhanced System Resilience and Optimized Energy Utilization to Drive Market
6.5    Heat Exchangers
6.5.1    Optimized Energy Exchange Process and Enhanced Overall System Performance to Foster Segmental Growth
6.6    Heat Meters
6.6.1    Adoption of Smart Metering Technologies to Offer Lucrative Growth Opportunities to Players

7    District Heating Market, by Heat Source
7.1    Introduction
Figure 33    Renewables Segment to Display Highest CAGR During Forecast Period
Table 16    District Heating Market, by Heat Source, 2019-2022 (USD Billion)
Table 17    District Heating Market, by Heat Source, 2023-2028 (USD Billion)
7.2    Coal
7.2.1    Growing Adoption of Clean Coal Technologies to Mitigate Environmental Impact to Boost Demand
Table 18    Coal: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 19    Coal: District Heating Market, by Region, 2023-2028 (USD Billion)
7.3    Natural Gas
7.3.1    Rising Investments in Natural Gas Infrastructure Development to Drive Market
Table 20    Natural Gas: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 21    Natural Gas: District Heating Market, by Region, 2023-2028 (USD Billion)
7.4    Renewables
7.4.1    Government Incentives to Promote Renewable Energy Sources to Boost Demand
Table 22    Renewables: District Heating Market, by Energy Type, 2019-2022 (USD Billion)
Table 23    Renewables: District Heating Market, by Energy Type, 2023-2028 (USD Billion)
Table 24    Renewables: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 25    Renewables: District Heating Market, by Region, 2023-2028 (USD Billion)
7.4.2    Geothermal
7.4.2.1    Increased Exploration of Geothermal Resources for Power Generation to Fuel Demand
7.4.3    Biomass and Biofuel
7.4.3.1    Increasing Shift Toward Waste Reduction and Renewable Energy Production to Drive Segmental Growth
7.4.4    Other Energy Types
7.5    Oil and Petroleum Products
7.5.1    Regions with Limited Renewable Energy Sources to Generate Significant Demand
Table 26    Oil and Petroleum Products: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 27    Oil and Petroleum Products: District Heating Market, by Region, 2023-2028 (USD Billion)
7.6    Other Heat Sources
Table 28    Other Heat Sources: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 29    Other Heat Sources: District Heating Market, by Region, 2023-2028 (USD Billion)

8    District Heating Market, by Plant Type
8.1    Introduction
Figure 34    Combined Heat and Power Plants to Exhibit Highest CAGR During Forecast Period
Table 30    District Heating Market, by Plant Type, 2019-2022 (USD Billion)
Table 31    District Heating Market, by Plant Type, 2023-2028 (USD Billion)
8.2    Boiler Plants
8.2.1    Integration of Cleaner Fuels with Boilers to Foster Segmental Growth
Table 32    Boiler Plants: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 33    Boiler Plants: District Heating Market, by Region, 2023-2028 (USD Billion)
8.3    Combined Heat and Power Plants
8.3.1    Ability to Generate Electricity and Thermal Energy from Single Source to Drive Market
Table 34    Combined Heat and Power Plants: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 35    Combined Heat and Power Plants: District Heating Market, by Region, 2023-2028 (USD Billion)
8.4    Other Plant Types
Table 36    Other Plant Types: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 37    Other Plant Types: District Heating Market, by Region, 2023-2028 (USD Billion)

9    District Heating Market, by Application
9.1    Introduction
Figure 35    Residential Segment to Dominate Market Throughout Forecast Period
Table 38    District Heating Market, by Application, 2019-2022 (USD Billion)
Table 39    District Heating Market, by Application, 2023-2028 (USD Billion)
9.2    Residential
9.2.1    Increasing Building Retrofitting for Effective Utilization of Energy to Boost Demand
Table 40    Residential: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 41    Residential: District Heating Market, by Region, 2023-2028 (USD Billion)
9.3    Commercial
9.3.1    Growing Adoption of Green Building Practices in Commercial Sector to Foster Segmental Growth
Table 42    Commercial: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 43    Commercial: District Heating Market, by Region, 2023-2028 (USD Billion)
9.4    Industrial
9.4.1    Reduced Operational Costs with Better Roi to Attract Major Players
Table 44    Residential: District Heating Market, by Region, 2019-2022 (USD Billion)
Table 45    Residential: District Heating Market, by Region, 2023-2028 (USD Billion)

10    District Heating Market, by Region
10.1    Introduction
Figure 36    Asia-Pacific to Record Highest CAGR During Forecast Period
Table 46    District Heating Market, by Region, 2019-2022 (USD Billion)
Table 47    District Heating Market, by Region, 2023-2028 (USD Billion)
10.2    Americas
Figure 37    Americas: District Heating Market Snapshot
Table 48    Americas: District Heating Market, by Geography, 2019-2022 (USD Billion)
Table 49    Americas: District Heating Market, by Geography, 2023-2028 (USD Billion)
Table 50    Americas: District Heating Market, by Heat Source, 2019-2022 (USD Billion)
Table 51    Americas: District Heating Market, by Heat Source, 2023-2028 (USD Billion)
Table 52    Americas: District Heating Market, by Plant Type, 2019-2022 (USD Billion)
Table 53    Americas: District Heating Market, by Plant Type, 2023-2028 (USD Billion)
Table 54    Americas: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 55    Americas: District Heating Market, by Application, 2023-2028 (USD Billion)
10.2.1    US
10.2.1.1    Government-Led Initiatives Encouraging Adoption of Clean Energy Sources to Drive Demand
Table 56    US: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 57    US: District Heating Market, by Application, 2023-2028 (USD Billion)
10.2.2    Canada
10.2.2.1    Growing Government Investments in Sustainable Solutions to Boost Demand
Table 58    Canada: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 59    Canada: District Heating Market, by Application, 2023-2028 (USD Billion)
10.2.3    South America
10.2.3.1    Increasing Focus of Public-Private Partnerships on Developing Advanced District Heating Systems to Drive Market
Table 60    South America: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 61    South America: District Heating Market, by Application, 2023-2028 (USD Billion)
10.2.4    Americas: Recession Impact
10.3    Europe
Figure 38    Europe: District Heating Market Snapshot
Table 62    Europe: District Heating Market, by Country, 2019-2022 (USD Billion)
Table 63    Europe: District Heating Market, by Country, 2023-2028 (USD Billion)
Table 64    Europe: District Heating Market, by Heat Source, 2019-2022 (USD Billion)
Table 65    Europe: District Heating Market, by Heat Source, 2023-2028 (USD Billion)
Table 66    Europe: District Heating Market, by Plant Type, 2019-2022 (USD Billion)
Table 67    Europe: District Heating Market, by Plant Type, 2023-2028 (USD Billion)
Table 68    Europe: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 69    Europe: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.1    Germany
10.3.1.1    Technological Advancements and Digitalization of District Heating Services to Drive Market
Table 70    Germany: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 71    Germany: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.2    Poland
10.3.2.1    Increasing Focus on Achieving Climate-Neutrality Goal to Boost Demand
Table 72    Poland: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 73    Poland: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.3    Finland
10.3.3.1    Rising Focus on Decarbonization and Investments in Sustainable Waste Heat Solutions to Support Market
Table 74    Finland: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 75    Finland: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.4    France
10.3.4.1    Emphasis of Residential Sector on Achieving Net-Zero Energy Building to Promote Deployment of District Heating Solutions
Table 76    France: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 77    France: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.5    Czech Republic
10.3.5.1    Implementation of Favorable Government Schemes to Support Eu Green Deal Objectives to Accelerate Demand
Table 78    Czech Republic: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 79    Czech Republic: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.6    Austria
10.3.6.1    Strong Focus to Achieving Climate Neutrality Using District Heating Systems to Boost Demand
Table 80    Austria: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 81    Austria: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.7    Slovakia
10.3.7.1    Modernization and Enhancement of Existing District Heating Infrastructure to Propel Demand
Table 82    Slovakia: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 83    Slovakia: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.8    UK
10.3.8.1    Government Initiatives Toward Achieving Net-Zero Greenhouse Gas Emissions to Drive Market
Table 84    UK: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 85    UK: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.9    Scandinavian
10.3.9.1    Increased Use of CHP Plants to Contribute to Market Growth
Table 86    Scandinavian: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 87    Scandinavian: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.10    Balkans
10.3.10.1    Financial Aid by European Commission to Encourage Application of Renewable Heating Sources to Drive Market
Table 88    Balkans: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 89    Balkans: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.11    Baltics
10.3.11.1    Investments to Modernize and Optimize District Heating Infrastructure to Boost Demand
Table 90    Baltics: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 91    Baltics: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.12    Rest of Europe
Table 92    Rest of Europe: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 93    Rest of Europe: District Heating Market, by Application, 2023-2028 (USD Billion)
10.3.13    Europe: Recession Impact
10.4    Asia-Pacific
Figure 39    Asia-Pacific: District Heating Market Snapshot
Table 94    Asia-Pacific: District Heating Market, by Country, 2019-2022 (USD Billion)
Table 95    Asia-Pacific: District Heating Market, by Country, 2023-2028 (USD Billion)
Table 96    Asia-Pacific: District Heating Market, by Heat Source, 2019-2022 (USD Billion)
Table 97    Asia-Pacific: District Heating Market, by Heat Source, 2023-2028 (USD Billion)
Table 98    Asia-Pacific: District Heating Market, by Plant Type, 2019-2022 (USD Billion)
Table 99    Asia-Pacific: District Heating Market, by Plant Type, 2023-2028 (USD Billion)
Table 100    Asia-Pacific: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 101    Asia-Pacific: District Heating Market, by Application, 2023-2028 (USD Billion)
10.4.1    China
10.4.1.1    Implementation of New Energy-Efficient Projects to Boost Demand
Table 102    China: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 103    China: District Heating Market, by Application, 2023-2028 (USD Billion)
10.4.2    Japan
10.4.2.1    Adoption of Heat Roadmap Europe 2050 Project to Accelerate Demand
Table 104    Japan: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 105    Japan: District Heating Market, by Application, 2023-2028 (USD Billion)
10.4.3    South Korea
10.4.3.1    Development and Implementation of Third-Generation District Heating Systems to Drive Demand
Table 106    South Korea: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 107    South Korea: District Heating Market, by Application, 2023-2028 (USD Billion)
10.4.4    Rest of Asia-Pacific
Table 108    Rest of Asia-Pacific: District Heating Market, by Application, 2019-2022 (USD Billion)
Table 109    Rest of Asia-Pacific: District Heating Market, by Application, 2023-2028 (USD Billion)
10.4.5    Asia-Pacific: Recession Impact

11    Competitive Landscape
11.1    Overview
11.2    Key Player Strategies Adopted by Major Players
Table 110    District Heating Market: Overview of Strategies Adopted by Key Players
11.2.1    Product/Service Portfolio
11.2.2    Regional Focus
11.2.3    Organic/Inorganic Growth Strategies
11.3    Market Share Analysis, 2022
Figure 40    Market Share Analysis of Key Players, 2022
Table 111    District Heating Market Share Analysis, 2022
11.4    Revenue Analysis, 2018-2022
Figure 41    Revenue Analysis of Key Players, 2018-2022
11.5    Company Evaluation Matrix, 2022
11.5.1    Stars
11.5.2    Emerging Leaders
11.5.3    Pervasive Players
11.5.4    Participants
Figure 42    District Heating Market: Company Evaluation Matrix, 2022
11.5.5    Company Footprint
Table 112    Company Footprint, by Application
Table 113    Company Footprint, by Region
Table 114    Overall Company Footprint
11.6    Start-Ups/Small and Medium-Sized Enterprises (SMEs) Evaluation Matrix, 2022
Table 115    District Heating Market: List of Key Start-Ups/SMEs
11.6.1    Progressive Companies
11.6.2    Responsive Companies
11.6.3    Dynamic Companies
11.6.4    Starting Blocks
Figure 43    District Heating Market: Start-Ups/SMEs Evaluation Matrix, 2022
11.6.5    Competitive Benchmarking of Key Start-Ups/SMEs
Table 116    Start-Ups/SMEs Footprint, by Application
Table 117    Start-Ups/SMEs Footprint, by Region
11.7    Competitive Scenarios and Trends
11.7.1    Product/Service Launches
Table 118    District Heating Market: Product/Service Launches, 2020-2023
11.7.2    Deals
Table 119    District Heating Market: Deals, 2020-2023

12    Company Profiles
(Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View)
12.1    Key Players
12.1.1    Fortum
Table 120    Fortum: Company Overview
Figure 44    Fortum: Company Snapshot
Table 121    Fortum: Products/Solutions/Services Offered
Table 122    Fortum: Product/Service Launches
Table 123    Fortum: Deals
12.1.2    Vattenfall
Table 124    Vattenfall: Company Overview
Figure 45    Vattenfall: Company Snapshot
Table 125    Vattenfall: Products/Solutions/Services Offered
Table 126    Vattenfall: Product/Service Launches
Table 127    Vattenfall: Deals
Table 128    Vattenfall: Others
12.1.3    Engie
Table 129    Engie: Company Overview
Figure 46    Engie: Company Snapshot
Table 130    Engie: Products/Solutions/Services Offered
Table 131    Engie: Deals
12.1.4    Danfoss
Table 132    Danfoss: Company Overview
Figure 47    Danfoss: Company Snapshot
Table 133    Danfoss: Products/Solutions/Services Offered
Table 134    Danfoss: Product/Service Launches
12.1.5    Statkraft
Table 135    Statkraft: Company Overview
Figure 48    Statkraft: Company Snapshot
Table 136    Statkraft: Products/Solutions/Services Offered
Table 137    Statkraft: Deals
12.1.6    Logstor Denmark Holding Aps
Table 138    Logstor Denmark Holding Aps: Company Overview
Table 139    Logstor Denmark Holding Aps: Products/Solutions/Services Offered
Table 140    Logstor Denmark Holding Aps: Deals
12.1.7    Vital Energi
Table 141    Vital Energi: Company Overview
Figure 49    Vital Energi: Company Snapshot
Table 142    Vital Energi: Products/Solutions/Services Offered
Table 143    Vital Energi: Others
12.1.8    Kelag Energie & Wärme
Table 144    Kelag Energie & Wärme: Company Overview
Table 145    Kelag Energie & Wärme: Products/Solutions/Services Offered
Table 146    Kelag Energie & Wärme: Deals
12.1.9    Shinryo Corporation
Table 147    Shinryo Corporation: Company Overview
Table 148    Shinryo Corporation: Products/Solutions/Services Offered
12.1.10    Veolia
Table 149    Veolia: Company Overview
Figure 50    Veolia: Company Snapshot
Table 150    Veolia: Products/Solutions/Services Offered
Table 151    Veolia: Deals
12.1.11    General Electric
Table 152    General Electric: Company Overview
Figure 51    General Electric: Company Snapshot
Table 153    General Electric: Products/Solutions/Services Offered
Table 154    General Electric: Deals
Table 155    General Electric: Others
12.1.12    Uniper SE
Table 156    Uniper SE: Company Overview
Figure 52    Uniper SE: Company Snapshot
Table 157    Uniper SE: Products/Solutions/Services Offered
Table 158    Uniper SE: Deals
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
12.2    Other Players
12.2.1    Göteborg Energi
12.2.2    FVB Energy Inc.
12.2.3    Alfa Laval
12.2.4    Ramboll
12.2.5    Savon Voima
12.2.6    Enwave Energy Corporation
12.2.7    Ørsted A/S
12.2.8    Helen Ltd
12.2.9    Keppel Corporation Limited
12.2.10    Steag Gmbh
12.2.11    Hafslund As
12.2.12    Clearway Energy Group LLC
12.2.13    Dall Energy

13    Appendix

Companies Mentioned

  • Fortum    
  • Vattenfall    
  • Engie    
  • Danfoss    
  • Statkraft    
  • Logstor Denmark Holding Aps    
  • Vital Energi    
  • Kelag Energie & Wärme    
  • Shinryo Corporation    
  • Veolia    
  • General Electric    
  • Uniper SE
  • Göteborg Energi    
  • FVB Energy Inc.    
  • Alfa Laval    
  • Ramboll    
  • Savon Voima    
  • Enwave Energy Corporation    
  • Ørsted A/S    
  • Helen Ltd    
  • Keppel Corporation Limited    
  • Steag Gmbh    
  • Hafslund AS   
  • Clearway Energy Group LLC    
  • Dall Energy    

Table Information

Report AttributeDetails
No. of Pages222
PublishedNovember 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 191.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 242.1 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned25

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About the District Heating Market

District Heating is a system of providing heat to multiple buildings from a single source. It is typically used in urban areas, where a centralised heat source is more efficient than individual heating systems. District Heating is usually delivered through a network of insulated pipes, which transport hot water or steam from the centralised source to the buildings. This system is often powered by renewable energy sources such as solar, geothermal, or biomass. District Heating is becoming increasingly popular as a way to reduce energy consumption and carbon emissions. It is also a cost-effective solution for providing heat to multiple buildings, as the cost of the centralised source is shared among the buildings. Some of the companies in the District Heating market include Viessmann, Danfoss, Bosch Thermotechnology, and Vaillant. Show Less Read more

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