CHP is Expected to Dominate the Global Commercial District Heating Market
Rising demand for energy efficiency, Stringent environmental regulations advocating cleaner heating solutions are the factors propelling the market growth
According to
TechSci Research report, “Global Commercial District
Heating Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”. The Global
Commercial District Heating is anticipated to project robust growth in the
forecast period with a CAGR of 3.7% through 2028. Commercial District Heating is
a system that helps in the distribution of heat that is produced in a central
location. This heat is distributed via insulated pipes to fulfill the heating
requirements of commercial and Commercial sectors. Reportedly, Commercial District
Heating is utilized for water heating and space heating by various households.
Moreover, Commercial District Heating units offer higher efficiencies as well
as effective pollution control in comparison to local boilers. Furthermore,
when Commercial District Heating is integrated with combined heat & power,
it helps in reducing carbon emissions. For the record, fifth-generation Commercial
District Heating networks make use of heat transfer by using electricity
produced from renewable energy sources. For the record, Project Drawdown has
ranked the Commercial District Heating method at the twenty-seventh position in
100 solutions used in reducing global warming.
The massive need for power-efficient and
inexpensive heating systems will steer the growth of the global Commercial District
Heating market. Governments across the globe are promoting the use of Commercial
District Heating systems by offering incentives and discounts on the purchase
of these systems, thereby driving market growth across the globe. The increase
in heating demand with low temperatures witnessed in the European countries has
provided an impetus to the growth of the global market.
For the record, in 2021, the production of Commercial District Heating systems
increased to nearly 3% in comparison to 2020. Moreover, during the year, Commercial
District Heating systems fulfilled about 8% of the heating needs of buildings
globally. Such aspects are likely to embellish the expansion of the global Commercial
District Heating market. Furthermore, Commercial District Heating systems
provide cost-efficient and flexible integration of low-carbon energy sources
into a heating energy mixture, thereby steering the growth of the global
market.
Observing of less effectiveness of Commercial District
Heating in small heating loads along with the massive allocation of space
required for deploying Commercial District Heating systems has posed a big
threat to the growth of the global Commercial District Heating industry. Volatile
raw component costs along with the requirement of huge initial capital
investments for developing Commercial District Heating systems can further
impede the global market surge. Government policies
towards zero emissions and demand for renewable energy will create new horizons
of growth for the global Commercial District Heating market. Rapid
industrialization & urbanization witnessed in the emerging economies of the
Asia-Pacific zone will further help the market explore new avenues of growth in
the upcoming years.
·
In the
first half of 2021, Fortum Oyj, a Finland-based energy firm, established a
carbon-neutral Commercial District Heating network in Espoo. The move is likely
to augment the growth of the global Commercial District Heating market.
·
In the
last quarter of 2021, Vattenfall, a Swedish firm providing power, launched a
pilot data venture for supplying sustainable computing capacity. Reportedly,
the newly launched venture makes use of heat, high-computing applications, and
artificial intelligence. The strategic initiative is likely to expand the scope
of the growth of the Commercial District Heating industry across the globe.
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Figures spread through 188 Pages and an in-depth TOC on " Global CommercialDistrict Heating Market.
Key market
players in the Global Commercial District Heating Market are following: -
- Danfoss Group (Denmark)
- Ramboll (Denmark)
- Dall Energy (Denmark)
- Veolia (France)
- Helen (Finland)
- Alfa Level (Sweden)
- GE (U.S.)
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“Based on plant
type, the Commercial District Heating industry across the globe is divided into
boiler plants, combined heat and power, and others. Moreover, the combined heat
and power segment, which garnered nearly 75% of the global industry share in
2022, is slated to register the highest CAGR over the projected timespan. The
growth of the segment in the coming years can be due to the ability of combined
heat and power units in reducing heat losses and capital investments. Apart
from this, it offers economies of scale and substitution of fossil fuels for
district heating, thereby leading to minimizing GHG emissions. This, in turn,
will proliferate the growth of the segment.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting firm.
Commercial District Heating Market – Global
Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Heat Source (Coal, Natural Gas, Renewables, Oil
& Petroleum Products, and Others), By Plant Type (Boiler, CHP, and Others),
By Region, Competition 2018-2028 has evaluated
the future growth potential of Global Commercial District Heating Market and
provides statistics and information on market structure, size, share, and
future growth. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities present in the Global Commercial
District Heating Market.
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