District Heating and Cooling Market by Consumption Volume Anticipated to Reach US$ 243,428.3 Million by 2024 at a CAGR of 5.8%: Transparency Market Research

ALBANY, New York, September 2, 2016 /PRNewswire/ --

The district heating and cooling market by consumption was valued at US$ 142,714.7 Mn in 2014 and is expected to expand at a CAGR of 5.8% to reach US$ 243,428.3 Mn in 2024. In terms of generation, the global district heating and cooling market was valued at US$ 9,798.0 Mn in 2014 and is likely to reach US$ 14,413.8 Mn by 2024, expanding at a CAGR of 3.5% between 2016 and 2024. The district heating and cooling market by distribution was valued at US$ 5,164.9 Mn in 2014 and is anticipated to expand at a CAGR of 2.5% to reach US$ 6,725.6 Mn in 2024.

District heating (DH) systems are used to provide hot water, steam, and space heating services. District cooling (DC) systems are used to provide cold water and space cooling services. District heating and cooling systems comprise central plants generating thermal (heat and cooling) energy. The thermal energy generated in central plants is delivered to end-users through a pipe distribution network.

On the basis of consumption, district heating is the dominant segment which accounted for 92.6% market share in terms of energy sales revenue in 2014. In terms of energy sales volume, district heating was the leading segment with 93.7% market share in 2014. Increasing sales of heat energy through DH and decreasing cost per Tera joule of heat by DH systems are some of the factors which are expected to augment heat sales revenue. Increasing awareness about DC technology, number of DC systems and capacity per DC system are some of the factors likely to impact cooling energy sales volume through DC systems.

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On the basis of generation, the district heating and cooling market is segmented into district heating (boilers) and district cooling (chillers). Boilers dominated the global district heating and cooling generation market with 98.5% share. Decreasing share of boilers in DH generation, falling prices of boilers, and increasing share of backup boilers in DH generation are some of the factors likely to impact revenue of boilers in DH systems. Increasing number of DC systems, increasing capacity of each DC system, share of absorption and electric chillers in DC generation, and competitive prices of absorption and electric chillers are some of the factors which are expected to affect revenue of chillers in DC systems.

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On the basis of distribution, the district heating and cooling market is segmented into district heating (pipes, pressure pumps, and valves) and district cooling (pipes, pressure pumps, and valves). Pipes accounted for the largest share in terms of revenue with 65.3% market share in 2014. Pressure pumps accounted for 33.3% market share and valves accounted for 1.4% market share in 2014. Constant expansion of pipeline infrastructure, falling prices of pipes, and increasing share of pipes under renovation in DHC distribution are some of the factors likely to impact revenue of pipes in DHC systems. Increasing number of DHC systems, increasing capacity of each DH and DC system, increasing length of distribution infrastructure, and predefined targets for 2020 are some of the factors which are expected to affect revenue of pressure pumps in DHC systems. Increasing number of customers served by each DH and DC system, increasing number of substations, and increasing length of pipeline of each DHC system are some of the factors which are expected to affect revenue of valves in DHC systems. The total district heating distribution segment (pipes, pressure pumps, and valves) accounted for 97.1% market share, whereas total district cooling distribution segment (pipes, pressure pumps, and valves) accounted for 2.9% market share in 2014.

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In recent years, the district heating and cooling landscape is witnessing enhanced activities by various market participants, including ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed), KELAG Wärme GmbH, Keppel DHCS Pte. Ltd., Logstor A/S, Ramboll Group A/S, Shinryo Corporation, and Tekla Corporation.

Long-term Outlook: The global district heating and cooling market by consumption is anticipated to expand at a CAGR of 5.8% during the forecast period to reach US$ 243,428.3 Mn in revenue by 2024. It is expected to expand at a CAGR of 6.2% to reach 12,187,491.8 Tera joules in terms of energy sales volume by 2024.

For the study, the market has been segmented as follows:

Global District Heating and Cooling Market: Regional Analysis 

North America 

• The U.S.
• Canada
• Mexico

Europe 

• Denmark
• Germany
• Sweden
• Poland
• Austria
• France
• Finland

Asia Pacific 

• China
• Japan
• South Korea
• India
• Taiwan

Rest of World 

• GCC Countries

Global District Heating and Cooling Market: Consumption Analysis by Technology Type 

• District Heating
• District Cooling

Global District Heating and Cooling Market: Generation Analysis by Components Type 

• Chillers
• Boilers

Global District Heating and Cooling Market: Distribution Analysis by Components Type 

• Pipes
• Pressure Pumps
• Valves

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SOURCE Transparency Market Research