A recent report published by Infinium Global Research on district heating and the cooling market provides an in-depth analysis of segments and sub-segments in the global as well as regional district heating and cooling market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional district heating and cooling market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global district heating and cooling market. According to the report, the global district heating and cooling market is projected to grow at a CAGR of 5.7% over the forecast period of 2019-2025.
The heating and cooling sector makes up more than 50% of the whole energy demand. This sector is presently under transformation due to digital technologies. District heating is one of the most effective means of heat supply, and integrating green energy into the system also makes it highly sustainable. District heating and cooling are the energy generating sources in a city with buildings and facilities having a necessity of heating and/or cooling. Instead of each building having its own heating or cooling system, the energy is supplied to several buildings in a larger area from a central.
District heating and cooling reduces carbon emission by over 90 % is one of the major driving factors of the market. Furthermore, factors such as economic efficiency, reliability, and power and space saving are driving the growth of the district heating and cooling market. Centralized production of thermal energy facilitates extremely efficient delivery of heating and cooling to each building. Moreover, increasing adoption of sustainable energy technologies along with the introduction of various regulatory norms and instructions affecting green building standards will fuel the market growth. The increasing disposable incomes, demographic changes and improved standard of living will also fuel the district heating & cooling market growth. However, high capital cost restrains the growth of the market. The growing urbanization and increasing the awareness about district heating and cooling will provide growth opportunities to the market players.
Geographically, Asia-Pacific dominates the global district heating and cooling market due to the importance of energy efficiency and renewable, increasing temperature levels in this region. Increasing demand for sustainable and effective space heating and cooling solutions on account of rising in investments toward the development of commercial and residential establishments will drive the market growth in this region. Rising government initiatives to stimulate efficient and green technologies will increase the demand for district heating and cooling in the forecasted period.
The report on global district heating and cooling market covers segments such as types, and applications. On the basis of types, the sub-markets include district heating, and district cooling. On the basis of applications, the sub-markets include residential, commercial, and industrial.
The report provides profiles of the companies in the market such as ADC Energy Systems LLC, KELAG Wärme GmbH, Ramboll Group A/S, Keppel DHCS Pte. Ltd., Emirates Central Cooling Systems Corporation (EMPOWER), Logstor A/S, Tekla Corporation., Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed), Shinryo Corporation, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of district heating and cooling market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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