Technavio identifies Alfa Laval AB, Danfoss AS, Fortum Oyj, John Wood Group Plc, Korea District Heating Corp., NRG Energy Inc., Ramboll Group AS, Statkraft AS, Vattenfall AB, and Xylem Inc. as dominant players in the market. The report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment.
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According to the report, the district heating market will observe an incremental growth of USD 21.67 billion between 2020 and 2025. The market witnessed a YOY growth of 2.01% in 2021 and the growth momentum is expected to accelerate at a CAGR of 3% during the forecast period. The growth of the market is mainly driven by the implementation of district heating in smart cities. In addition, trends such as the increasing use of biomass district heating will have a positive impact on the growth of the market in focus. However, the increased competition from fuel-cell-based micro-CHP will reduce the growth potential in the market.
Segmentations in the District Heating Market Study
The district heating market is segmented as below:
By technology, the fossil fuels segment will have the largest share of the market. The easy availability of fossil fuels such as coal, natural gas, and oil is driving the growth of the segment. In addition, investments in new fossil fuels-based district heating solutions in developing countries will further drive the growth of the segment.
- Geographic
- Europe
- APAC
- North America
- MEA
- South America
About 74% of the market growth will originate from Europe during the forecast period. The high penetration of district heating networks in Nordic countries such as Denmark, Finland, Iceland, Norway, and Sweden is one of the key factors driving the growth of the regional market. In addition, the focus on the construction of smart cities and ZEBs will further accelerate the growth of the district heating market in Europe over the forecast period.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The district heating market report covers the following areas:
District Heating Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist district heating market growth during the next five years
- Estimation of the district heating market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the district heating market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the district heating market vendors
Related Reports:
District Heating Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2021-2025 |
$ 21.67 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.01 |
Regional analysis |
Europe, APAC, North America, MEA, and South America |
Performing market contribution |
Europe at 74% |
Key consumer countries |
Russian Federation, China, Poland, Germany, and Denmark |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alfa Laval AB, Danfoss AS, Fortum Oyj, John Wood Group Plc, Korea District Heating Corp., NRG Energy Inc., Ramboll Group AS, Statkraft AS, Vattenfall AB, and Xylem Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 03: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 04: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ billion)
- Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 07: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 08: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 09: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 10: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 11: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 12: Threat of rivalry
- 4.7 Market condition
- Exhibit 13: Market condition - Five forces 2020
5 Market Segmentation by Technology
- 5.1 Market segments
- Exhibit 14: Technology - Market share 2020-2025 (%)
- 5.2 Comparison by Technology
- Exhibit 15: Comparison by Technology
- 5.3 Fossil fuels - Market size and forecast 2020-2025
- Exhibit 16: Fossil fuels - Market size and forecast 2020-2025 ($ billion)
- Exhibit 17: Fossil fuels - Year-over-year growth 2020-2025 (%)
- 5.4 Renewables - Market size and forecast 2020-2025
- Exhibit 18: Renewables - Market size and forecast 2020-2025 ($ billion)
- Exhibit 19: Renewables - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Technology
- Exhibit 20: Market opportunity by Technology
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 22: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 23: Geographic comparison
- 7.3 Europe - Market size and forecast 2020-2025
- Exhibit 24: Europe - Market size and forecast 2020-2025 ($ billion)
- Exhibit 25: Europe - Year-over-year growth 2020-2025 (%)
- 7.4 APAC - Market size and forecast 2020-2025
- Exhibit 26: APAC - Market size and forecast 2020-2025 ($ billion)
- Exhibit 27: APAC - Year-over-year growth 2020-2025 (%)
- 7.5 North America - Market size and forecast 2020-2025
- Exhibit 28: North America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 29: North America - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 30: MEA - Market size and forecast 2020-2025 ($ billion)
- Exhibit 31: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 32: South America - Market size and forecast 2020-2025 ($ billion)
- Exhibit 33: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 34: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 35: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 36: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 37: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 38: Landscape disruption
- Exhibit 39: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 40: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 41: Market positioning of vendors
- 10.3 Alfa Laval AB
- Exhibit 42: Alfa Laval AB - Overview
- Exhibit 43: Alfa Laval AB - Business segments
- Exhibit 44: Alfa Laval AB - Key news
- Exhibit 45: Alfa Laval AB - Key offerings
- Exhibit 46: Alfa Laval AB - Segment focus
- 10.4 Danfoss AS
- Exhibit 47: Danfoss AS - Overview
- Exhibit 48: Danfoss AS - Business segments
- Exhibit 49: Danfoss AS - Key offerings
- Exhibit 50: Danfoss AS - Segment focus
- 10.5 Fortum Oyj
- Exhibit 51: Fortum Oyj - Overview
- Exhibit 52: Fortum Oyj - Business segments
- Exhibit 53: Fortum Oyj - Key offerings
- Exhibit 54: Fortum Oyj - Segment focus
- 10.7 Korea District Heating Corp.
- Exhibit 60: Korea District Heating Corp. - Overview
- Exhibit 61: Korea District Heating Corp. - Product and service
- Exhibit 62: Korea District Heating Corp. - Key offerings
- 10.8 NRG Energy Inc.
- Exhibit 63: NRG Energy Inc. - Overview
- Exhibit 64: NRG Energy Inc. - Business segments
- Exhibit 65: NRG Energy Inc. - Key offerings
- Exhibit 66: NRG Energy Inc. - Segment focus
- 10.9 Ramboll Group AS
- Exhibit 67: Ramboll Group AS - Overview
- Exhibit 68: Ramboll Group AS - Business segments
- Exhibit 69: Ramboll Group AS - Key news
- Exhibit 70: Ramboll Group AS - Key offerings
- Exhibit 71: Ramboll Group AS - Segment focus
- 10.10 Statkraft AS
- Exhibit 72: Statkraft AS - Overview
- Exhibit 73: Statkraft AS - Business segments
- Exhibit 74: Statkraft AS - Key offerings
- Exhibit 75: Statkraft AS - Segment focus
- 10.11 Vattenfall AB
- Exhibit 76: Vattenfall AB - Overview
- Exhibit 77: Vattenfall AB - Business segments
- Exhibit 78: Vattenfall AB - Key news
- Exhibit 79: Vattenfall AB - Key offerings
- Exhibit 80: Vattenfall AB - Segment focus
- 10.12 Xylem Inc.
- Exhibit 81: Xylem Inc. - Overview
- Exhibit 82: Xylem Inc. - Business segments
- Exhibit 83: Xylem Inc. - Key news
- Exhibit 84: Xylem Inc. - Key offerings
- Exhibit 85: Xylem Inc. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 86: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 87: Research Methodology
- Exhibit 88: Validation techniques employed for market sizing
- Exhibit 89: Information sources
- 11.4 List of abbreviations
- Exhibit 90: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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