The
global district heating and cooling market. The report projects
moderate, yet positive, growth prospects for the market over the
period between 2015 and 2023. The report states that the market will
expand at a 5.7% CAGR over the period and rise from a valuation of
US$142.6 bn in 2014 to US$229.4 bn by 2023.
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There
are many factors favoring the growth of the global market for
district heating and cooling solutions, including cost savings and
good returns on investment, flexibility of generation options, which
is effectively mitigating fuel risks and generation costs, and the
favorable regulatory framework and incentive mechanisms fuelling the
adoption of district heating and cooling mechanism across regional
markets. The global DHC market is also expected to benefit
significantly from the high rate of installation of DHC systems in
Middle East.
Technological
advancements in the field of district heating and cooling systems are
expected to result in attractive operating and financing benefits for
vendors in the market over the report’s forecast period. However,
factors such as the high capital costs involved in the construction
of heating and cooling plants, connections, and pipeline network
could hamper the overall growth of the global market for district
heating and cooling market to a certain extent over the report’s
forecast period.
The
report segments the global district heating and cooling market on the
basis of geography into North America, Asia Pacific, Europe, and Rest
of the World.
Of
these, Asia Pacific led the global market by accounting for a 50%
share in terms of volume in 2014. The market in the region is gaining
impetus from the rising awareness about the numerous benefits of
district heating and cooling systems to the environment and overall
finances of a town due to the reduction in consumption of electricity
and petroleum based fuels used for electric heaters, air conditioners
and traditional oil heaters. This factor is leading to an increased
adoption of district heating and cooling systems in countries like
South Korea, Japan, and China.
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In
2014, Europe emerged as the second-largest regional market for
district heating and cooling systems. District heating systems
accounted for a major share in the market during the same period in
the region. North America accounted for the third-largest share in
the global market and the demand for district heating and cooling
systems was fueled by the rising concern about environmental
pollution and efficient usage of available fuels.
The
report also gives a detailed overview of the competitive landscape of
the global market for district heating and cooling with the help of
detailed business profiles, SWOT analysis, details regarding
financial and business strategies, and recent developments of some of
the key companies operating in the market.
The
companies profiled in the report include Emirates Central Cooling
Systems Corporation (EMPOWER), ADC Energy Systems LLC, Emirates
National Central Cooling Company PJSC (Tabreed), Emirates District
Cooling LLC (Emicool), Logstor A/S, KELAG Wärme GmbH, Keppel DHCS
Pte. Ltd., Tekla Corporation, Shinryo Corporation, and Ramboll Group
A/S
Global
District Heating and Cooling Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of World
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Article Of District Heating and Cooling Market :
http://www.transparencymarketresearch.com/article/district-heating-cooling-market.htm
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