Solar District Heating Market is expected to grow at a CAGR of 9.73%
Global
Solar District Heating Market is expected to grow owing to renewable energy
targets to shift their energy mix towards sustainable sources by various
countries throughout the forecast period.
According
to TechSci Research report, “Solar
District Heating Market - Global Industry Size, Share, Trends,
Opportunity, and Forecast 2019-2029”, the Global Solar District Heating
Market is expected to register robust growth during the
forecast period.
A primary driver for the
adoption of solar district heating is the global commitment to reducing carbon
emissions and mitigating climate change. Solar thermal energy is a clean and
renewable resource, and its integration into district heating systems helps
decrease reliance on fossil fuels, leading to a substantial reduction in
greenhouse gas emissions.
The
increasing global commitment to decarbonize the energy sector presents a
significant opportunity for the solar district heating market. Countries and
regions aiming to transition to renewable energy sources as part of their
climate action plans can leverage solar district heating to replace or
complement conventional heating systems, reducing carbon emissions. Solar
district heating systems can be integrated into broader renewable energy
portfolios. Combining solar thermal energy with other renewable sources, such
as wind and geothermal, creates opportunities for hybrid systems that offer
reliable, resilient, and sustainable heating solutions.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC on the "Global
Solar District Heating Market"
Based
on system, the
Large-scale segment is expected to dominate the market during the forecast
period. Large-scale systems often feature centralized infrastructure,
consolidating the collection, storage, and distribution components. This
centralized approach allows for optimized energy management, easier
maintenance, and the ability to serve diverse end-users within a concentrated
area. While flat-plate and evacuated tube collectors are common in large-scale
systems, technological advancements in these collector types continue to
enhance their efficiency and cost-effectiveness for large-scale applications.
The large-scale segment is particularly relevant for industrial applications,
providing the necessary high-temperature heat for various industrial processes.
Industries with significant heat demand, such as manufacturing, food
processing, and chemical production, benefit from the reliable and sustainable
heat supply offered by large-scale solar district heating. Countries in the
Asia-Pacific region, especially China, are witnessing a surge in large-scale
solar district heating projects. Rapid urbanization and the need for
sustainable heating solutions are driving significant investments in
infrastructure to meet the heat demand of growing urban populations. The United
States and Canada are also exploring large-scale solar district heating
initiatives, with a focus on integrating renewable energy into district heating
systems. Urban planning and sustainability goals contribute to the adoption of
large-scale solutions in metropolitan areas.
Based
on end-user, the Residential segment is projected to dominate the market
throughout the forecast period. The prospect of long-term cost savings is a
significant driver for residential solar district heating. While the upfront
costs may be a consideration, the reduced reliance on conventional energy
sources leads to lower operational costs over the system's lifespan, providing
an attractive proposition for homeowners seeking energy-efficient solutions. In
some regions, community-based solar district heating initiatives are gaining
traction. Residential communities, housing cooperatives, or neighborhood
associations collaborate to implement shared solar heating systems, making the
technology more accessible and cost-effective for individual homeowners.
Advancements in thermal storage technologies enhance the efficiency and
reliability of residential solar district heating. Improved storage solutions
allow homeowners to store excess solar heat for later use, ensuring a
continuous and reliable supply of thermal energy, even during periods of low
sunlight. In North America, particularly in the United States and Canada, the
residential segment is gaining momentum. Government incentives, energy
efficiency programs, and a growing interest in sustainable living contribute to
the increasing adoption of solar district heating in residential areas. In the
Asia-Pacific region, countries like China are witnessing a rise in residential
solar district heating projects. Urbanization, coupled with governmental
initiatives to promote renewable energy, is driving the adoption of solar
thermal systems in residential developments.
Key
market players in the Global Solar District Heating Market are:-
- Aalborg CSP A/S
- Alfa Laval AB
- Bosch
Thermotechnology Ltd
- Fortum Corporation
- Göteborg Energi AB
- LOGSTOR A/S
- Ramboll Group
A/S
- Savosolar Oyj
- Soltigua S.r.l
- Vattenfall AB
Download Sample Report
Customers can also request
for 10% free customization on this report.
“The
Global Solar District Heating Market in Europe is poised to be the dominant
force in the industry. Europe
stands out as a leading market for solar district heating, with countries like
Denmark, Germany, and Sweden taking significant strides in the adoption of
solar thermal systems for district heating applications. The European solar
district heating market has experienced steady growth, driven by a combination
of government support, environmental consciousness, and advancements in
technology. The market is expected to continue expanding as more regions within
Europe embrace renewable heating solutions.” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based global management consulting
firm.
“Solar
District Heating Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast Segmented By System (Small-scale and Large-scale), By End-User
(Residential, Commercial and Industrial), By Region, and By Competition
2019-2029”
has evaluated the future growth potential of Global Solar District Heating
Market and provides statistics & information on market size,
structure, and future market growth. The report intends 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 in Global Solar District
Heating Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com