District heating is a method of distributing
heat situated centrally & produces heat, known as teleheating or the heat
networks. The global district heating is distributed in different commercial
& residential requirements comprisingof space heating and the water
heating. District cooling is reverse of DHS or district heating system and
supply cool water to residential & commercial buildings. District heating
and cooling system provides variety of services for instancecold water, hot
water, space cooling & space heating. These systems are less polluting
efficient in nature, which makes them environmentally friendlier than other
system like electrical heater, electrical heater,air conditioners, and
individual traditional oil heater. These are capable of reducing carbon
emission by more than 90% & saves fuel by approximately 80% for domestic
heating and cooling applications. Additionally, DHC systems scale up remarkably
since they can provide require lesser space, increasing number of household,
and ensure better management of systems. Some of the major associated benefits
include low usage of main energy such as electricity & water, minimized
noise, reduced chemical consumption, and availability of free roof etc.
According to study, “Global
District Heating and Cooling Market 2019 by Manufacturers, Regions, Type and
Application, Forecast to 2024” some of the major companies that are
currently working in the global district heating and cooling market are ENGIE,
Fortum, NRG Energy, Logstor A/S, Ramboll Group A/S, Goteborg Energi, Fortum
Oyj, Emirates Central Cooling Systems Corporation (EMPOWER), STEAG, Hafslund
AS, The Korea District Heating Corporation, Tekla Corporation, Orsted A/S, ADC
Energy Systems LLC, Tabreed, Shinryo Corporation, Vattenfall AB, Emicool,
Statkraft AS, RWE AG, Keppel DHCS Pte Ltd., Logstor, Goteborg Energi, Emirates
National Central Cooling Company PJSC, Shinryo, Ramboll, Statkraft.
Based on energy source, global district
heating and cooling market is segmented into district cooling and district
heating. Based on components type, market is categorized into chillers and
boilers. Based on heating type, market is segmented into combined heat &
power, solar heating, heat-only boilers, geothermal heating and heat pumps.
Based on cooling type, market is segmented into absorption cooling, free
cooling and compression cooling. Based on application use, market is separated
into pressure pumps, pipes and valves. Additionally, based on end-use
industries, market is separated into commercial, residential and industrial.
The commercial sector is projected to offer a huge scope for the development of
global market over the coming years due to growth in adoption of building codes
& standards coupled with the improvement of combined heating and cooling
technologies to offer sustainable energy solution.
The global district heating and cooling is
primarily driven by incorporation of renewable energy & technological
advancements, followed by reduction in fuel consumption and cooling &
heating cost and growing awareness & efforts towards reducing global
warming. Moreover, the advent of off-grid & renewable energy systems,
coupled with the mounting share of decentralized energy systems, is a key
feature restraining the market’s overall growth. In addition, long churn-up
time and high initial investment are few of the major challenges of the market.
Asia Pacific held the major shareof district
heating and cooling systems owing to rising temperature levels, importance of
energy efficiency & renewable and favorable government initiatives. Europe
followed Asia Pacific in terms of market share in the global revenues due to
numerous stringent regulations regarding the augmented usage of renewable
energy sources.
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