10:00, 15th March 2017
District heating market trends for 2017
Research firm, Transparency Market Research, have released a report which highlights their predictions for the district heating and cooling market over the course of 2017.
The global district heating and cooling (DHC) market features a low concentration of component suppliers with no big players. Most companies operate at local or regional levels where proximity to consumers helps avoid extra operational costs and efficiency losses, states Transparency Market Research in a new report. The market dynamics are highly susceptible to changes in terms of technology and scale of projects. “As DHC systems mostly belong to state-owned entities, government support and funding play a key role in operational efficiency of a DHC project,” states a TMR analyst.
TMR estimates that the global market for direct heating and cooling systems will exhibit a 5.8% CAGR and a 6.2% CAGR over the period between 2016 and 2024, in terms of energy sales volumes and revenue, respectively. At this pace, the market is expected to rise to a revenue-wise valuation of US$243,428.3 mn by 2024. In terms of energy sales volume, the market is expected to reach 12,187,491.8 tera joules by 2024.