District Heating and Cooling Market
Installing DHC system requires high initial cost for the construction of pipeline networks, connections, and plants, which is a key factor hampering the market’ s trajectory. The need for expensive equipment such as boilers, heat absorbers, chillers, heat pumps, heat accumulators, and heat exchangers for the system to run unhindered also creates bottlenecks for the market. Additionally, the advent of off-grid and renewable energy systems, coupled with the rising share of decentralized energy systems, is a key factor restraining the market’ s overall growth. With an increasing number of commercial and industrial facilities and households producing heat and electricity through renewable sources and CHP, the demand for centralized DHC systems could suffer in the near future.
Nonetheless, awareness regarding long term cost-savings offered by DHC systems, combined with favorable government incentives will boost adoption of these systems across emerging economies. This will in turn create opportunities for the growth of the global DHC market in the near future.
The report segments the global district heating and cooling market as: Global District Heating and Cooling Market: Consumption Analysis by Technology Type
• District Heating
• District Cooling
Global District Heating and Cooling Market: Generation Analysis by Components Type
• Chillers
• Boilers
Global District Heating and Cooling Market: Distribution Analysis by Components Type
• Pipes
• Pressure Pumps
• Valves
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