District Heating and Cooling Market (By Category: Heating, Cooling; By Application: Industrial, Residential, Service Sector) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026

The global district heating and cooling market revenue is expected to reach around US$ 17.85 Bn by 2026 and growing at a CAGR of 3.9% over the forecast period 2019 to 2026.

District heating and cooling are mainly used for supply of heat or cold in different commercial buildings in city and villages, where the heat or cold is used for preparation of cold or hot water, and space heating or cooling. The district heating and cooling are used for industrial, residential, and service sector. District cooling can use various production techniques such as free cooling, source of cold water, absorption cooling, and electric chiller. Stringent government regulations towards pollution and increase in population across the globe further grows the demand for district heating and cooling. This expected to enhance the production to meet the growing consumption of district heating and cooling over the forecast period.

Market Dynamics

The growth of the district heating and cooling market is primarily driven by the rapid urbanization and rising investment in infrastructure development and government projects, optimum utilization of renewable energy sources and mass customization of district heating and cooling, and multi-functionality of district heating and cooling. Furthermore, increase in demand of district heating and cooling in various applications, and increase in research and development in heating and cooling system, is estimated to boost the market growth. Moreover, growing construction industries, increasing government investments in district heating and cooling, and adoption of different technology in district heating and cooling, and increase in innovation and development in district heating and cooling are expected to create opportunities for the manufacturers in the global market over the forecast period. However, high initial investment, risk and uncertainty of global economy are expected to hamper the growth of the global district heating and cooling market in the coming years.

By category, heating segment dominated the district heating and cooling market

Based on the category, the market has been segmented into heating and cooling. The heating segment accounts of the largest share in the market and are expected to grow at a fastest CAGR during the forecast period.

The major factors that are driving the growth of this segment are the rising demand of heating in cold weather conditions, lowered energy generation costs, and generation of various techniques in waste heat recovery. The manufacturers Emirates District Cooling (Emicool), LLC, National Central Cooling Company, and Shinryo Corporation are the mainly investing in the development of heating, which expected the lead the market in the coming years.

The market research study on “District Heating and Cooling Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global district heating and cooling market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global district heating and cooling market, its category, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global district heating and cooling market size and volume, and segment markets by category, application, and geography along with the information on companies operating in the market. The district heating and cooling market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.

In 2018, North America dominated the regional market with a maximum market share

North America accounted for the high market share of the district heating and cooling market and the region is also expected to maintain its dominance over the forecast period. The rapid consumption of district heating and cooling in various applications, growing support for the development of heating and cooling, and rising temperature in various countries of the region are the major driving factor for the region in the global market. Moreover, the well-established research and development centers and rise in number of manufacturers and strong economy to support research funding are expected to enhance the market growth in the global district heating and cooling market in future. Moreover, ageing population and growing demand for customized heating and cooling in countries, such as US, Canada, and Mexico, are expected to enhance the market growth in the global district heating and cooling market during the forecast. Europe is expected to hold the second largest in the global market during the forecast period. Growing construction industry, development of heating and cooling systems, growing government investment in infrastructure development, and rising number of district heating manufacturers are expected to enhance the market growth in the global district heating and cooling market during the forecast.

Asia-Pacific is expected to hold the highest CAGR in the global market during the forecast period. The growing construction industry, increase in innovation and development in heating and cooling manufacturing, rapid industrialization and urbanization, growing foreign direct investment, rising production base of heating and cooling component industry, are expected to enhance the market growth in the global district heating and cooling market during the forecast.

The players profiled in the report include ENGIE, Emirates Central Cooling System Corporation, Emirates District Cooling (Emicool), LLC, National Central Cooling Company, and Shinryo Corporation, Keppel DCHS PTE Ltd, ADC Energy Systems LLC, Ramboll Group A/S, Siemens AG, and District Cooling Company LLC. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

Market Segmentation

Market By Category

• Heating
• Cooling

Market By Application

• Industrial
• Residential
• Service Sector

Market By Geography

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa