District Heating and Cooling Market
District Heating and Cooling Market - By Energy Source (District Heating, CHP, Geothermal, Solar, District Cooling), By Application (Residential, Commercial, Industrial) & Global Region - Market Size, Share, Trends and Forecast 2020-2025Request Sample Request Discount
The global District Heating and cooling market accounted for USD XX.X Billion in 2019. Further, the market is expected to reach to a valuation of USD XX.X Billion by the end of 2025. Moreover, it is anticipated to flourish at a CAGR of 5.7% during the forecast period i.e. 2020-2025.
Growth Drivers & Barriers
Growing awareness about environmental protection and changing the preference of manufacturers from conventional to energy efficient heating and cooling technology are believed to spur the growth of the district heating and cooling market in the upcoming years. Further, growing urbanization and industrialization are some of the major factors behind the growth of district heating and cooling market.
District heating and cooling market is witnessing gamut of industry activities such as partnership, acquisition, joint venture, and expansion across the globe. For instance, on December 19, 2018, Engie entered into a joint venture with Newcastle City Council (NCC) for 40 years to develop and operate district energy schemes within the city. In addition to this, on the same day, Engie Deutschland GmbH entered into an agreement to acquire OTTO Luft-und Klimatechnik GmbH & Co. KG (OTTO). This acquisition is expected to strengthen the company leading position for ventilation and air conditioning, cooling technology, and building automation.
Further, rising demand for thermal comfort and government initiatives to adopt district heating and cooling systems is spearheading current and future growth prospects of the market. In addition, emerging economies such as China, India, and Saudi Arabia offers untapped opportunities for the district heating and cooling market over the upcoming years.
However, factors such as difficulty in district heating and cooling system implementation is likely to negatively impact the demand for district heating and cooling market.
In terms of geography, the district heating and cooling market is analyzed into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these regions, Asia Pacific is slated to account for the highest percentage of market share in overall district heating and cooling market during the forecast period. Rise in demand for cooling owing to high temperature and increasing investment on infrastructure projects are believed to intensify the growth rate of Asia Pacific district heating and cooling market in the upcoming years. In addition to this, dense population and growing per capita income in this region, are the major factors driving the growth of the market in the Asia region.
The research offers a comprehensive analysis of district heating and cooling market with respect to following sub-markets:
By Energy Source
- District Heating
- District Cooling
- - - Free Cooling
- - - Absorption Cooling
- - - Heat Pumps
- - - Electric Chillers
- - - Others
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
The report profiles various major market players such as;
- ADC Energy Systems
- Emirates Central Cooling Systems Corporation
- Keppel Corporation Limited
- Korea District Heating Corporation
- Logstor A/S
- Emirates District Cooling LLC
- Ramboll Group A/S
- Other Major & Niche Key Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in district heating and cooling market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global district heating and cooling market by the following segments:
- Energy Source
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In addition, further breakdown of market data and analysis of region into countries is covered in the report.
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global District Heating and Cooling Industry Report:
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?
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