District Heating & Cooling Market: Economies of Scale offered by Dist Nov 2016 | Page 2

District Heating and Cooling Market

REPORT DESCRIPTION

District Heating and Cooling Market - Global Industry Analysis, Size, Share, Trends, Growth and
Forecast 2016 - 2024
With no big player holding dominance, the global district heating and cooling (DHC) market currently
exhibits low concentration of component suppliers. A majority of the companies in the market operate
either in local or regional level. The proximity to customers, helps these companies avoid incurring extra
operational cost, states Transparency Market Research (TMR) in a report.
TMR has estimated the global market for direct heating and cooling systems to exhibit a CAGR of
6.2% and 5.8% in terms of energy sales revenue and volume, respectively between 2016 and
2024. Expanding at this rate, the market is projected to reach US$243,428.3 mn by the end of
2024. Based on volume, the market is forecast to reach 12,187,491.8 tera joules by 2024.
In-depth research report on District Heating and Cooling Market with Full TOC at :
http://www.transparencymarketresearch.com/district-heating-cooling-market.html
Currently, the district heating segment leads the market based on technology. It held over 90% of the
market in 2015. Regionally, Asia Pacific dominated the global market with a share of 55% in 2015. The
increasing importance attached to ensuring energy efficiency and favorable government initiatives have
augmented the growth of the market in the region.
Economies of Scale Ensured by District Heating and Cooling Systems Augment their Demand
Globally
“The primary reason behind the growing popularity of DHC systems is the excellent flexibility they offer in
terms of using myriad energy options, depending on load profile and condition of the utility grid,” observed
the TMR report’s author. DHC system operators help keeping check on the overall operation cost by easily
switching between the available heat sources during fluctuations in heat generation costs. Besides this,
the conducive incentive schemes and regulatory mechanisms facilitate faster market penetration, thereby
reinstating confidence of enterprises operating therein.
“The impressive savings achieved from the district-wide installation of heating and cooling systems has led
to the expansion of the global DHC market,” said a lead TMR analyst. These systems are also fuel efficient
in nature, which makes them environmentally friendlier than conventional heating and cooling
technologies. Additionally, DHC systems scale up impressively since they can serve an increasing number
of household, require lesser space, and ensure better management of systems. Driven by these factors,
the global DHC market is expected to exhibit robust growth in the forthcoming years.
High Initial Cost Required for Installing DHC Systems and Advent of Alternatives Could Hamper
DHC Market

Transparency Market Research

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