The Europe District Heating Market would witness market growth of 5.7% CAGR during the forecast period (2022-2028).
District heating is a fast-developing area of the energy industry and a fundamental method of fuel conservation. The thermal efficiency of power plants that generate both heat and electricity can be improved. The significance of this is heightened by the fact that traditional power plants have largely attained their maximum thermal efficiency.
The primary benefits of district heat supply are overall fuel conservation, the substitution of coal for oil and gas, the improvement of the environment as a result of the decrease of fuel consumed, and the reduction of heat released into the atmosphere. Price increases and concerns about the availability of oil and gas have given a tremendous impetus to research into the utilization of heat from power plants.
Significant economic criteria in determining the viability of district heat delivery are the volume and phasing of system load increases. The premature introduction of a base load district heating plant or delays in the development of the network system will result in an excess of power plant heat capacity and may result in a significant decrease in the district heating system's efficiency. To avoid such circumstances, there are two ways to design a district heating system.
The German industrial sector has a lengthy history of utilizing CHP. When there is a steady demand for heat and power, cogeneration plants are economically and environmentally favorable. Industrial sites are continually in need of heat since process heat, not space heating, accounts for the majority of the industry's heat requirements. Technically, CHP may be used to provide around 48% of industrial heat needs. The remaining component cannot be produced in CHP plants since it is utilized at temperatures exceeding 400 degrees Celsius, such as in the iron and steel industry.
The Russia market dominated the Europe District Heating Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $37,733.1 million by 2028. The Germany market is anticipated to grow a CAGR of 4.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 6.9% during (2022 - 2028).
Based on Application, the market is segmented into Residential, Commercial and Industrial. Based on Plant Type, the market is segmented into Combined Heat & Power, Boiler Plants and Others. Based on Heat Source, the market is segmented into Natural Gas, Coal, Oil & Petroleum Products, Renewables and Others. Based on countries, the market is segmented into Russia, Germany, France, UK, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global District Heating Market will Hit $231.3 Billion by 2028, at a CAGR of 6.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fortum Corporation, Vattenfall AB, ENGIE, The Danfoss Group, Statkraft AS, LOGSTOR Denmark Holding ApS (Kingspan Group PLC), Vital Energi Ltd., Alfa Laval AB, SHINRYO CORPORATION, and NRG Energy, Inc.
By Application
By Plant Type
By Heat Source
By Country
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