Energia
Solar District Heating Market revenue to cross USD 4 Bn by 2028: Global Market Insights Inc
The COVID-19 had a slight effect on the solar district heating market growth on account of the temporary closure of various manufacturing and industrial facilities. Moreover, the restarting of industries along with ongoing vaccination drives has accelerated the industry revenue. However, surging construction activities across the commercial & residential sectors have instituted a favorable industry demand.
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Rising electricity demand combined with a shifting inclination toward reducing GHG emissions will augment the solar district heating market expansion. Strict energy-efficiency norms along with promising government reforms have instituted a favorable business scenario for the industry players. Favorable government regulations toward the integration of renewable resources in line with increasing investments for sustainable technology development will stimulate the market progression.
Growing investments toward the development of large industrial establishments including data centers, manufacturing, chemicals, and pulp & paper plants will sway the market demand. In addition, strict regulatory norms to curb carbon emissions along with promising government standards and schemes toward the acceptance of sustainable heating technologies will enhance the industry value. Furthermore, rapid industrialization across emerging economies will positively impact the industry share.
North America solar district heating market is projected to witness 7% growth rate through 2028 due to the stringent government reforms pertaining to climate changes and greenhouse gas emissions. Additionally, increasing investments in infrastructural development will foster the industry expansion.
Key participants operating in the market are Fortum, KELAG Energie & Wärme GmbH, Göteborg Energi, Korea District Heating Corporation, Keppel Corporation Limited, LOGSTOR A/S, Ørsted A/S, Ramboll Group A/S, RWE, NRG Energy, Inc., Shinryo Corporation, Statkraft, STEAG GmbH, Vattenfall AB, Savosolar, and Aalborg CSP.
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3.1 Industry ecosystem analysis
3.2 Innovation & technology landscape
3.3 Regulatory landscape
3.4 Case study analysis – Solar district heating with seasonal storage pit in Gram
3.5 Development of future district heating & cooling solutions
3.6 COVID- 19 impact on the industry outlook
3.7 Price trend analysis
3.8 Entry Barriers
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.2 Industry pitfalls & challenges
3.10 Growth potential analysis
3.11 Degree of competition
3.12 Porter's Analysis
3.13 Competitive landscape, 2021
3.14 PESTEL Analysis
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