1	INTRODUCTION	22
1.1	STUDY OBJECTIVES	22
1.2	MARKET DEFINITION	22
1.2.1	INCLUSIONS AND EXCLUSIONS	23
1.3	STUDY SCOPE	23
1.3.1	MARKETS COVERED	23
FIGURE 1	DISTRICT HEATING MARKET: SEGMENTATION	23
1.3.2	REGIONAL SCOPE	24
1.3.3	YEARS CONSIDERED	24
1.4	CURRENCY CONSIDERED	25
1.5	LIMITATIONS	25
1.6	UNIT CONSIDERED	25
1.7	STAKEHOLDERS	25
1.8	SUMMARY OF CHANGES	26
1.8.1	RECESSION IMPACT	26
2	RESEARCH METHODOLOGY	27
2.1	RESEARCH APPROACH	27
FIGURE 2	DISTRICT HEATING MARKET: RESEARCH DESIGN	28
2.1.1	SECONDARY AND PRIMARY RESEARCH	29
2.1.2	SECONDARY DATA	29
2.1.2.1	List of major secondary sources	30
2.1.2.2	Key data from secondary sources	30
2.1.3	PRIMARY DATA	31
2.1.3.1	List of key interview participants	31
2.1.3.2	Breakdown of primaries	31
2.1.3.3	Key data from primary sources	31
2.1.3.4	Key industry insights	32
2.2	MARKET SIZE ESTIMATION	32
FIGURE 3	PROCESS FLOW OF MARKET SIZE ESTIMATION	32
2.2.1	BOTTOM-UP APPROACH	33
2.2.1.1	Approach to derive market size using bottom-up analysis (demand side)	33
FIGURE 4	DISTRICT HEATING MARKET: BOTTOM-UP APPROACH	33
2.2.2	TOP-DOWN APPROACH	33
2.2.2.1	Approach to derive market size using top-down analysis (supply side)	34
FIGURE 5	DISTRICT HEATING MARKET: TOP-DOWN APPROACH	34
2.2.3	SUPPLY-SIDE ANALYSIS	34
FIGURE 6	MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY-SIDE ANALYSIS): REVENUES GENERATED BY COMPANIES FROM SALES OF DISTRICT HEATING SYSTEMS	34
2.3	DATA TRIANGULATION	35
FIGURE 7	DATA TRIANGULATION	35
2.4	RESEARCH ASSUMPTIONS	36
2.5	RESEARCH LIMITATIONS	36
2.6	PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON DISTRICT HEATING MARKET	37
2.7	RISK ASSESSMENT	37
3	EXECUTIVE SUMMARY	38
FIGURE 8	RENEWABLE HEAT SOURCES TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD	39
FIGURE 9	COMBINED AND HEAT POWER PLANTS TO HOLD LARGEST MARKET SHARE IN 2028	39
FIGURE 10	RESIDENTIAL APPLICATION IN DISTRICT HEATING MARKET TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD	40
FIGURE 11	EUROPE TO HOLD LARGEST MARKET SHARE IN GLOBAL DISTRICT HEATING MARKET THROUGHOUT FORECAST PERIOD	40
4	PREMIUM INSIGHTS	42
4.1	ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN DISTRICT HEATING MARKET	42
FIGURE 12	RAPID URBANIZATION AND INDUSTRIALIZATION TO PROPEL DEMAND FOR SUSTAINABLE HEATING SERVICES	42
4.2	DISTRICT HEATING MARKET, BY PLANT TYPE	42
FIGURE 13	COMBINED HEAT AND POWER PLANT SEGMENT TO HOLD LARGEST MARKET SHARE FROM 2023 TO 2028	42
4.3	DISTRICT HEATING MARKET, BY APPLICATION	43
FIGURE 14	RESIDENTIAL APPLICATION TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD	43
4.4	DISTRICT HEATING MARKET IN EUROPE, BY INDUSTRY AND COUNTRY	43
FIGURE 15	RESIDENTIAL SEGMENT AND GERMANY HELD LARGEST SHARES OF EUROPEAN DISTRICT HEATING MARKET IN 2022	43
4.5	DISTRICT HEATING MARKET, BY COUNTRY	44
FIGURE 16	CHINA TO RECORD HIGHEST CAGR IN GLOBAL DISTRICT HEATING MARKET DURING FORECAST PERIOD	44
5	MARKET OVERVIEW	45
5.1	INTRODUCTION	45
5.2	MARKET DYNAMICS	45
FIGURE 17	DISTRICT HEATING MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES	45
5.2.1	DRIVERS	46
FIGURE 18	DISTRICT HEATING MARKET: IMPACT ANALYSIS OF DRIVERS	46
5.2.1.1	High demand for energy-efficient and cost-effective heating systems	46
5.2.1.2	Rapid urbanization and industrialization	47
5.2.1.3	Increased use of renewable sources to run district heating systems	47
5.2.1.4	Relatively low operating costs of district heating systems than in-building heating systems	48
5.2.1.5	Government-led incentives and subsidies offered for low-carbon technology-based products	48
5.2.1.6	Enforcement of carbon tax on fossil fuel-powered heating solutions	49
5.2.2	RESTRAINTS	49
FIGURE 19	DISTRICT HEATING MARKET: IMPACT ANALYSIS OF RESTRAINTS	49
5.2.2.1	Need for high initial investment	49
5.2.2.2	Barriers to district heating network deployment in small-scale projects	50
5.2.2.3	Time-consuming and complex regulatory approval processes	50
5.2.3	OPPORTUNITIES	51
FIGURE 20	DISTRICT HEATING MARKET: IMPACT ANALYSIS OF OPPORTUNITIES	51
5.2.3.1	Increasing focus on waste heat recovery for district heating	51
5.2.3.2	Enforcement of policies boosting renewable energy production	52
5.2.3.3	Integration of multiple energy sources in heat generation	52
5.2.3.4	Utilization of digital technology in district heating networks	52
5.2.4	CHALLENGES	53
FIGURE 21	DISTRICT HEATING MARKET: IMPACT ANALYSIS OF CHALLENGES	53
5.2.4.1	Requirement for smart meters to prevent heat loss during heat distribution process	54
5.2.4.2	Need for precise load planning and better utilization of heating systems	54
5.2.4.3	Limited number of district heating networks to harness waste heat	54
5.3	VALUE CHAIN ANALYSIS	55
FIGURE 22	DISTRICT HEATING MARKET: VALUE CHAIN ANALYSIS	55
5.4	ECOSYSTEM ANALYSIS	56
FIGURE 23	ECOSYSTEM ANALYSIS	56
TABLE 1	COMPANIES AND THEIR ROLES IN DISTRICT HEATING ECOSYSTEM	57
5.5	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	58
FIGURE 24	TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES	58
5.6	PRICING ANALYSIS	59
5.6.1	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING SYSTEMS OFFERED BY TOP THREE KEY PLAYERS	59
FIGURE 25	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING SYSTEMS OFFERED BY TOP THREE KEY PLAYERS	59
TABLE 2	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING PRODUCTS OFFERED BY KEY PLAYERS (USD/MWH)	59
5.6.2	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING PRODUCTS, BY APPLICATION	60
FIGURE 26	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING PRODUCTS, BY APPLICATION (USD/MWH)	60
5.6.3	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING PRODUCTS, BY REGION	60
FIGURE 27	AVERAGE SELLING PRICE (ASP) TREND OF DISTRICT HEATING PRODUCTS, BY REGION (USD/MWH)	60
5.7	TECHNOLOGY ANALYSIS	61
5.7.1	USE OF BIOFUELS FOR DISTRICT HEATING	61
5.7.2	GEOTHERMAL ENERGY IN DISTRICT HEATING	61
5.7.3	USAGE OF WASTE HEAT FROM HYDROGEN PRODUCTION	61
5.7.4	FIFTH-GENERATION DISTRICT HEATING	62
5.7.5	USE OF NUCLEAR ENERGY FOR DISTRICT HEATING	62
5.7.6	SMART DISTRICT HEATING	63
5.7.7	CARBON CAPTURE AND UTILIZATION (CCU)	63
5.8	PORTER’S FIVE FORCES ANALYSIS	63
TABLE 3	DISTRICT HEATING MARKET: PORTER’S FIVE FORCES ANALYSIS	63
FIGURE 28	PORTER’S FIVE FORCES ANALYSIS	64
5.8.1	THREAT OF NEW ENTRANTS	64
5.8.2	THREAT OF SUBSTITUTES	65
5.8.3	BARGAINING POWER OF SUPPLIERS	65
5.8.4	BARGAINING POWER OF BUYERS	65
5.8.5	INTENSITY OF COMPETITIVE RIVALRY	65
5.9	KEY STAKEHOLDERS AND BUYING CRITERIA	66
5.9.1	KEY STAKEHOLDERS IN BUYING PROCESS	66
FIGURE 29	KEY STAKEHOLDERS IN BUYING PROCESS FOR TOP THREE APPLICATIONS	66
TABLE 4	INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS	66
5.9.2	BUYING CRITERIA	67
FIGURE 30	KEY BUYING CRITERIA FOR TOP THREE APPLICATION	67
TABLE 5	KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS	67
5.10	KEY INVESTMENTS IN DISTRICT HEATING	67
5.11	CASE STUDY ANALYSIS	68
5.11.1	FORTUM PARTNERS WITH MICROSOFT TO ACHIEVE CARBON-NEUTRAL HEATING USING DATA CENTER WASTE HEAT RECOVERY	68
5.11.2	DANFOSS CONSTRUCTS DISTRICT HEATING SYSTEMS AT TEKNOPARK, ISTANBUL, TO ADDRESS COMPLEX REQUIREMENTS OF PROJECT	68
5.11.3	FYN CONSULTS RAMBOLI TO DEVELOP HEAT PUMP SYSTEM THAT TRANSFERS SURPLUS ENERGY FROM FACEBOOK DATA CENTER TO DISTRICT HEATING NETWORK OF ODENSE	69
5.11.4	VITAL ENERGI PROVIDES LOW-CARBON AND HOT WATER TO CAMDEN LOCKS VIA BURIED DISTRICT HEATING AND COOLING NETWORK	69
5.12	TRADE ANALYSIS	70
5.12.1	IMPORT SCENARIO	70
TABLE 6	IMPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)	70
5.12.2	EXPORT SCENARIO	70
TABLE 7	EXPORT DATA FOR HS CODE 841861-COMPLIANT PRODUCTS, BY COUNTRY, 2018–2022 (USD MILLION)	71
5.12.3	TARIFFS	71
TABLE 8	MFN TARIFF FOR HS CODE 841861-COMPLIANT PRODUCTS EXPORTED BY CHINA	71
TABLE 9	MFN TARIFF FOR HS CODE 841861-COMPLIANT PRODUCTS EXPORTED BY FRANCE	72
5.13	PATENT ANALYSIS, 2020–2023	72
TABLE 10	DISTRICT HEATING MARKET: LIST OF PATENTS, 2020–2023	72
FIGURE 31	NUMBER OF PATENTS GRANTED PER YEAR, 2013–2022	74
TABLE 11	NUMBER OF PATENTS REGISTERED IN LAST 10 YEARS	75
FIGURE 32	TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS	75
5.14	KEY CONFERENCES AND EVENTS, 2024–2025	76
TABLE 12	DISTRICT HEATING MARKET: LIST OF CONFERENCES AND EVENTS	76
5.15	REGULATORY LANDSCAPE AND STANDARDS	77
5.15.1	REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	77
TABLE 13	AMERICAS: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	77
TABLE 14	EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	78
TABLE 15	ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS	78
5.15.2	STANDARDS AND REGULATIONS	79
5.15.2.1	Standards	79
5.15.2.2	Regulations	79
6	COMPONENTS OF DISTRICT HEATING PRODUCTS	81
6.1	INTRODUCTION	81
6.2	BOILERS	81
6.2.1	ABILITY TO CONVERT HEAT SOURCES INTO USABLE THERMAL ENERGY TO BOOST DEMAND	81
6.3	INSULATED PIPELINES	81
6.3.1	REDUCED ENERGY WASTAGE AND MINIMIZED HEAT LOSSES DURING TRANSIT TO FUEL MARKET GROWTH	81
6.4	HEAT PUMPS	82
6.4.1	ABILITY TO UTILIZE LOW-GRADE HEAT SOURCES TO DRIVE DEMAND	82
6.4.2	AIR-TO-AIR HEAT PUMPS	83
6.4.2.1	Potential energy-efficient alternative to traditional heating systems to accelerate demand	83
6.4.3	AIR-TO-WATER HEAT PUMPS	84
6.4.3.1	Ability to exhibit high performance in cold climates to support market growth	84
6.4.4	WATER SOURCE HEAT PUMPS	84
6.4.4.1	Significant contribution to reduced energy consumption and environmental impact to drive market	84
6.4.5	GEOTHERMAL HEAT PUMPS	84
6.4.5.1	Ongoing advancements in geothermal heat pump technology to boost demand	84
6.4.6	HYBRID HEAT PUMPS	84
6.4.6.1	Enhanced system resilience and optimized energy utilization to drive market	84
6.5	HEAT EXCHANGERS	85
6.5.1	OPTIMIZED ENERGY EXCHANGE PROCESS AND ENHANCED OVERALL SYSTEM PERFORMANCE TO FOSTER SEGMENTAL GROWTH	85
6.6	HEAT METERS	85
6.6.1	ADOPTION OF SMART METERING TECHNOLOGIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES TO PLAYERS	85
7	DISTRICT HEATING MARKET, BY HEAT SOURCE	86
7.1	INTRODUCTION	87
FIGURE 33	RENEWABLES SEGMENT TO DISPLAY HIGHEST CAGR DURING FORECAST PERIOD	87
TABLE 16	DISTRICT HEATING MARKET, BY HEAT SOURCE, 2019–2022 (USD BILLION)	88
TABLE 17	DISTRICT HEATING MARKET, BY HEAT SOURCE, 2023–2028 (USD BILLION)	88
7.2	COAL	88
7.2.1	GROWING ADOPTION OF CLEAN COAL TECHNOLOGIES TO MITIGATE ENVIRONMENTAL IMPACT TO BOOST DEMAND	88
TABLE 18	COAL: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	89
TABLE 19	COAL: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	89
7.3	NATURAL GAS	90
7.3.1	RISING INVESTMENTS IN NATURAL GAS INFRASTRUCTURE DEVELOPMENT TO DRIVE MARKET	90
TABLE 20	NATURAL GAS: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	91
TABLE 21	NATURAL GAS: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	91
7.4	RENEWABLES	91
7.4.1	GOVERNMENT INCENTIVES TO PROMOTE RENEWABLE ENERGY SOURCES TO BOOST DEMAND	91
TABLE 22	RENEWABLES: DISTRICT HEATING MARKET, BY ENERGY TYPE, 2019–2022 (USD BILLION)	92
TABLE 23	RENEWABLES: DISTRICT HEATING MARKET, BY ENERGY TYPE, 2023–2028 (USD BILLION)	92
TABLE 24	RENEWABLES: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	92
TABLE 25	RENEWABLES: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	93
7.4.2	GEOTHERMAL	93
7.4.2.1	Increased exploration of geothermal resources for power generation to fuel demand	93
7.4.3	BIOMASS AND BIOFUEL	93
7.4.3.1	Increasing shift toward waste reduction and renewable energy production to drive segmental growth	93
7.4.4	OTHER ENERGY TYPES	93
7.5	OIL AND PETROLEUM PRODUCTS	94
7.5.1	REGIONS WITH LIMITED RENEWABLE ENERGY SOURCES TO GENERATE SIGNIFICANT DEMAND	94
TABLE 26	OIL AND PETROLEUM PRODUCTS: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	94
TABLE 27	OIL AND PETROLEUM PRODUCTS: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	94
7.6	OTHER HEAT SOURCES	95
TABLE 28	OTHER HEAT SOURCES: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	95
TABLE 29	OTHER HEAT SOURCES: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	95
8	DISTRICT HEATING MARKET, BY PLANT TYPE	96
8.1	INTRODUCTION	97
FIGURE 34	COMBINED HEAT AND POWER PLANTS TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD	97
TABLE 30	DISTRICT HEATING MARKET, BY PLANT TYPE, 2019–2022 (USD BILLION)	97
TABLE 31	DISTRICT HEATING MARKET, BY PLANT TYPE, 2023–2028 (USD BILLION)	98
8.2	BOILER PLANTS	98
8.2.1	INTEGRATION OF CLEANER FUELS WITH BOILERS TO FOSTER SEGMENTAL GROWTH	98
TABLE 32	BOILER PLANTS: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	99
TABLE 33	BOILER PLANTS: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	99
8.3	COMBINED HEAT AND POWER PLANTS	99
8.3.1	ABILITY TO GENERATE ELECTRICITY AND THERMAL ENERGY FROM SINGLE SOURCE TO DRIVE MARKET	99
TABLE 34	COMBINED HEAT AND POWER PLANTS: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	100
TABLE 35	COMBINED HEAT AND POWER PLANTS: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	100
8.4	OTHER PLANT TYPES	101
TABLE 36	OTHER PLANT TYPES: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	101
TABLE 37	OTHER PLANT TYPES: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	101
9	DISTRICT HEATING MARKET, BY APPLICATION	102
9.1	INTRODUCTION	103
FIGURE 35	RESIDENTIAL SEGMENT TO DOMINATE MARKET THROUGHOUT FORECAST PERIOD	103
TABLE 38	DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	103
TABLE 39	DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	104
9.2	RESIDENTIAL	104
9.2.1	INCREASING BUILDING RETROFITTING FOR EFFECTIVE UTILIZATION OF ENERGY TO BOOST DEMAND	104
TABLE 40	RESIDENTIAL: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	105
TABLE 41	RESIDENTIAL: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	105
9.3	COMMERCIAL	105
9.3.1	GROWING ADOPTION OF GREEN BUILDING PRACTICES IN COMMERCIAL SECTOR TO FOSTER SEGMENTAL GROWTH	105
TABLE 42	COMMERCIAL: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	106
TABLE 43	COMMERCIAL: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	106
9.4	INDUSTRIAL	107
9.4.1	REDUCED OPERATIONAL COSTS WITH BETTER ROI TO ATTRACT MAJOR PLAYERS	107
TABLE 44	RESIDENTIAL: DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	107
TABLE 45	RESIDENTIAL: DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	107
10	DISTRICT HEATING MARKET, BY REGION	108
10.1	INTRODUCTION	109
FIGURE 36	ASIA PACIFIC TO RECORD HIGHEST CAGR DURING FORECAST PERIOD	109
TABLE 46	DISTRICT HEATING MARKET, BY REGION, 2019–2022 (USD BILLION)	109
TABLE 47	DISTRICT HEATING MARKET, BY REGION, 2023–2028 (USD BILLION)	110
10.2	AMERICAS	110
FIGURE 37	AMERICAS: DISTRICT HEATING MARKET SNAPSHOT	111
TABLE 48	AMERICAS: DISTRICT HEATING MARKET, BY GEOGRAPHY, 2019–2022 (USD BILLION)	111
TABLE 49	AMERICAS: DISTRICT HEATING MARKET, BY GEOGRAPHY, 2023–2028 (USD BILLION)	112
TABLE 50	AMERICAS: DISTRICT HEATING MARKET, BY HEAT SOURCE, 2019–2022 (USD BILLION)	112
TABLE 51	AMERICAS: DISTRICT HEATING MARKET, BY HEAT SOURCE, 2023–2028 (USD BILLION)	112
TABLE 52	AMERICAS: DISTRICT HEATING MARKET, BY PLANT TYPE, 2019–2022 (USD BILLION)	113
TABLE 53	AMERICAS: DISTRICT HEATING MARKET, BY PLANT TYPE, 2023–2028 (USD BILLION)	113
TABLE 54	AMERICAS: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	113
TABLE 55	AMERICAS: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	113
10.2.1	US	114
10.2.1.1	Government-led initiatives encouraging adoption of clean energy sources to drive demand	114
TABLE 56	US: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	115
TABLE 57	US: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	115
10.2.2	CANADA	115
10.2.2.1	Growing government investments in sustainable solutions to boost demand	115
TABLE 58	CANADA: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	116
TABLE 59	CANADA: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	116
10.2.3	SOUTH AMERICA	116
10.2.3.1	Increasing focus of public–private partnerships on developing advanced district heating systems to drive market	116
TABLE 60	SOUTH AMERICA: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	117
TABLE 61	SOUTH AMERICA: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	117
10.2.4	AMERICAS: RECESSION IMPACT	117
10.3	EUROPE	117
FIGURE 38	EUROPE: DISTRICT HEATING MARKET SNAPSHOT	118
TABLE 62	EUROPE: DISTRICT HEATING MARKET, BY COUNTRY, 2019–2022 (USD BILLION)	119
TABLE 63	EUROPE: DISTRICT HEATING MARKET, BY COUNTRY, 2023–2028 (USD BILLION)	120
TABLE 64	EUROPE: DISTRICT HEATING MARKET, BY HEAT SOURCE, 2019–2022 (USD BILLION)	120
TABLE 65	EUROPE: DISTRICT HEATING MARKET, BY HEAT SOURCE, 2023–2028 (USD BILLION)	121
TABLE 66	EUROPE: DISTRICT HEATING MARKET, BY PLANT TYPE, 2019–2022 (USD BILLION)	121
TABLE 67	EUROPE: DISTRICT HEATING MARKET, BY PLANT TYPE, 2023–2028 (USD BILLION)	121
TABLE 68	EUROPE: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	121
TABLE 69	EUROPE: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	122
10.3.1	GERMANY	122
10.3.1.1	Technological advancements and digitalization of district heating services to drive market	122
TABLE 70	GERMANY: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	123
TABLE 71	GERMANY: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	123
10.3.2	POLAND	123
10.3.2.1	Increasing focus on achieving climate-neutrality goal to boost demand	123
TABLE 72	POLAND: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	124
TABLE 73	POLAND: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	124
10.3.3	FINLAND	124
10.3.3.1	Rising focus on decarbonization and investments in sustainable waste heat solutions to support market	124
TABLE 74	FINLAND: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	125
TABLE 75	FINLAND: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	125
10.3.4	FRANCE	125
10.3.4.1	Emphasis of residential sector on achieving net-zero energy building to promote deployment of district heating solutions	125
TABLE 76	FRANCE: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	126
TABLE 77	FRANCE: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	126
10.3.5	CZECH REPUBLIC	126
10.3.5.1	Implementation of favorable government schemes to support EU Green Deal objectives to accelerate demand	126
TABLE 78	CZECH REPUBLIC: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	127
TABLE 79	CZECH REPUBLIC: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	127
10.3.6	AUSTRIA	127
10.3.6.1	Strong focus to achieving climate neutrality using district heating systems to boost demand	127
TABLE 80	AUSTRIA: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	128
TABLE 81	AUSTRIA: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	128
10.3.7	SLOVAKIA	128
10.3.7.1	Modernization and enhancement of existing district heating infrastructure to propel demand	128
TABLE 82	SLOVAKIA: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	129
TABLE 83	SLOVAKIA: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	129
10.3.8	UK	129
10.3.8.1	Government initiatives toward achieving net-zero greenhouse gas emissions to drive market	129
TABLE 84	UK: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	130
TABLE 85	UK: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	130
10.3.9	SCANDINAVIAN	130
10.3.9.1	Increased use of CHP plants to contribute to market growth	130
TABLE 86	SCANDINAVIAN: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	131
TABLE 87	SCANDINAVIAN: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	131
10.3.10	BALKANS	131
10.3.10.1	Financial aid by European Commission to encourage application of renewable heating sources to drive market	131
TABLE 88	BALKANS: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	132
TABLE 89	BALKANS: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	132
10.3.11	BALTICS	132
10.3.11.1	Investments to modernize and optimize district heating infrastructure to boost demand	132
TABLE 90	BALTICS: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	133
TABLE 91	BALTICS: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	133
10.3.12	REST OF EUROPE	133
TABLE 92	REST OF EUROPE: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	134
TABLE 93	REST OF EUROPE: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	134
10.3.13	EUROPE: RECESSION IMPACT	134
10.4	ASIA PACIFIC	135
FIGURE 39	ASIA PACIFIC: DISTRICT HEATING MARKET SNAPSHOT	135
TABLE 94	ASIA PACIFIC: DISTRICT HEATING MARKET, BY COUNTRY, 2019–2022 (USD BILLION)	136
TABLE 95	ASIA PACIFIC: DISTRICT HEATING MARKET, BY COUNTRY, 2023–2028 (USD BILLION)	136
TABLE 96	ASIA PACIFIC: DISTRICT HEATING MARKET, BY HEAT SOURCE, 2019–2022 (USD BILLION)	136
TABLE 97	ASIA PACIFIC: DISTRICT HEATING MARKET, BY HEAT SOURCE, 2023–2028 (USD BILLION)	137
TABLE 98	ASIA PACIFIC: DISTRICT HEATING MARKET, BY PLANT TYPE, 2019–2022 (USD BILLION)	137
TABLE 99	ASIA PACIFIC: DISTRICT HEATING MARKET, BY PLANT TYPE, 2023–2028 (USD BILLION)	137
TABLE 100	ASIA PACIFIC: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	138
TABLE 101	ASIA PACIFIC: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	138
10.4.1	CHINA	138
10.4.1.1	Implementation of new energy-efficient projects to boost demand	138
TABLE 102	CHINA: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	139
TABLE 103	CHINA: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	139
10.4.2	JAPAN	139
10.4.2.1	Adoption of Heat Roadmap Europe 2050 Project to accelerate demand	139
TABLE 104	JAPAN: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	140
TABLE 105	JAPAN: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	140
10.4.3	SOUTH KOREA	140
10.4.3.1	Development and implementation of third-generation district heating systems to drive demand	140
TABLE 106	SOUTH KOREA: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	141
TABLE 107	SOUTH KOREA: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	141
10.4.4	REST OF ASIA PACIFIC	141
TABLE 108	REST OF ASIA PACIFIC: DISTRICT HEATING MARKET, BY APPLICATION, 2019–2022 (USD BILLION)	141
TABLE 109	REST OF ASIA PACIFIC: DISTRICT HEATING MARKET, BY APPLICATION, 2023–2028 (USD BILLION)	142
10.4.5	ASIA PACIFIC: RECESSION IMPACT	142
11	COMPETITIVE LANDSCAPE	143
11.1	OVERVIEW	143
11.2	KEY PLAYER STRATEGIES ADOPTED BY MAJOR PLAYERS	143
TABLE 110	DISTRICT HEATING MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS	143
11.2.1	PRODUCT/SERVICE PORTFOLIO	145
11.2.2	REGIONAL FOCUS	145
11.2.3	ORGANIC/INORGANIC GROWTH STRATEGIES	145
11.3	MARKET SHARE ANALYSIS, 2022	145
FIGURE 40	MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022	145
TABLE 111	DISTRICT HEATING MARKET SHARE ANALYSIS, 2022	146
11.4	REVENUE ANALYSIS, 2018–2022	147
FIGURE 41	REVENUE ANALYSIS OF KEY PLAYERS, 2018–2022	147
11.5	COMPANY EVALUATION MATRIX, 2022	148
11.5.1	STARS	148
11.5.2	EMERGING LEADERS	148
11.5.3	PERVASIVE PLAYERS	148
11.5.4	PARTICIPANTS	148
FIGURE 42	DISTRICT HEATING MARKET: COMPANY EVALUATION MATRIX, 2022	149
11.5.5	COMPANY FOOTPRINT	150
TABLE 112	COMPANY FOOTPRINT, BY APPLICATION	150
TABLE 113	COMPANY FOOTPRINT, BY REGION	151
TABLE 114	OVERALL COMPANY FOOTPRINT	152
11.6	START-UPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022	153
TABLE 115	DISTRICT HEATING MARKET: LIST OF KEY START-UPS/SMES	153
11.6.1	PROGRESSIVE COMPANIES	153
11.6.2	RESPONSIVE COMPANIES	153
11.6.3	DYNAMIC COMPANIES	154
11.6.4	STARTING BLOCKS	154
FIGURE 43	DISTRICT HEATING MARKET: START-UPS/SMES EVALUATION MATRIX, 2022	154
11.6.5	COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES	155
TABLE 116	START-UPS/SMES FOOTPRINT, BY APPLICATION	155
TABLE 117	START-UPS/SMES FOOTPRINT, BY REGION	155
11.7	COMPETITIVE SCENARIOS AND TRENDS	156
11.7.1	PRODUCT/SERVICE LAUNCHES	156
TABLE 118	DISTRICT HEATING MARKET: PRODUCT/SERVICE LAUNCHES, 2020–2023	156
11.7.2	DEALS	157
TABLE 119	DISTRICT HEATING MARKET: DEALS, 2020–2023	157
12	COMPANY PROFILES	165
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
12.1	KEY PLAYERS	165
12.1.1	FORTUM	165
TABLE 120	FORTUM: COMPANY OVERVIEW	165
FIGURE 44	FORTUM: COMPANY SNAPSHOT	166
TABLE 121	FORTUM: PRODUCTS/SOLUTIONS/SERVICES OFFERED	166
TABLE 122	FORTUM: PRODUCT/SERVICE LAUNCHES	168
TABLE 123	FORTUM: DEALS	168
12.1.2	VATTENFALL	171
TABLE 124	VATTENFALL: COMPANY OVERVIEW	171
FIGURE 45	VATTENFALL: COMPANY SNAPSHOT	172
TABLE 125	VATTENFALL: PRODUCTS/SOLUTIONS/SERVICES OFFERED	172
TABLE 126	VATTENFALL: PRODUCT/SERVICE LAUNCHES	173
TABLE 127	VATTENFALL: DEALS	173
TABLE 128	VATTENFALL: OTHERS	174
12.1.3	ENGIE	176
TABLE 129	ENGIE: COMPANY OVERVIEW	176
FIGURE 46	ENGIE: COMPANY SNAPSHOT	177
TABLE 130	ENGIE: PRODUCTS/SOLUTIONS/SERVICES OFFERED	177
TABLE 131	ENGIE: DEALS	178
12.1.4	DANFOSS	179
TABLE 132	DANFOSS: COMPANY OVERVIEW	179
FIGURE 47	DANFOSS: COMPANY SNAPSHOT	180
TABLE 133	DANFOSS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	180
TABLE 134	DANFOSS: PRODUCT/SERVICE LAUNCHES	182
12.1.5	STATKRAFT	183
TABLE 135	STATKRAFT: COMPANY OVERVIEW	183
FIGURE 48	STATKRAFT: COMPANY SNAPSHOT	184
TABLE 136	STATKRAFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED	184
TABLE 137	STATKRAFT: DEALS	185
12.1.6	LOGSTOR DENMARK HOLDING APS	186
TABLE 138	LOGSTOR DENMARK HOLDING APS: COMPANY OVERVIEW	186
TABLE 139	LOGSTOR DENMARK HOLDING APS: PRODUCTS/SOLUTIONS/SERVICES OFFERED	186
TABLE 140	LOGSTOR DENMARK HOLDING APS: DEALS	188
12.1.7	VITAL ENERGI	189
TABLE 141	VITAL ENERGI: COMPANY OVERVIEW	189
FIGURE 49	VITAL ENERGI: COMPANY SNAPSHOT	189
TABLE 142	VITAL ENERGI: PRODUCTS/SOLUTIONS/SERVICES OFFERED	190
TABLE 143	VITAL ENERGI: OTHERS	190
12.1.8	KELAG ENERGIE & WÄRME	192
TABLE 144	KELAG ENERGIE & WÄRME: COMPANY OVERVIEW	192
TABLE 145	KELAG ENERGIE & WÄRME: PRODUCTS/SOLUTIONS/SERVICES OFFERED	192
TABLE 146	KELAG ENERGIE & WÄRME: DEALS	193
12.1.9	SHINRYO CORPORATION	194
TABLE 147	SHINRYO CORPORATION: COMPANY OVERVIEW	194
TABLE 148	SHINRYO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED	194
12.1.10	VEOLIA	195
TABLE 149	VEOLIA: COMPANY OVERVIEW	195
FIGURE 50	VEOLIA: COMPANY SNAPSHOT	196
TABLE 150	VEOLIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED	196
TABLE 151	VEOLIA: DEALS	197
12.1.11	GENERAL ELECTRIC	198
TABLE 152	GENERAL ELECTRIC: COMPANY OVERVIEW	198
FIGURE 51	GENERAL ELECTRIC: COMPANY SNAPSHOT	199
TABLE 153	GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED	199
TABLE 154	GENERAL ELECTRIC: DEALS	200
TABLE 155	GENERAL ELECTRIC: OTHERS	201
12.1.12	UNIPER SE	202
TABLE 156	UNIPER SE: COMPANY OVERVIEW	202
FIGURE 52	UNIPER SE: COMPANY SNAPSHOT	202
TABLE 157	UNIPER SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED	203
TABLE 158	UNIPER SE: DEALS	203
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12.2	OTHER PLAYERS	204
12.2.1	GÖTEBORG ENERGI	204
12.2.2	FVB ENERGY INC.	205
12.2.3	ALFA LAVAL	206
12.2.4	RAMBOLL	207
12.2.5	SAVON VOIMA	208
12.2.6	ENWAVE ENERGY CORPORATION	208
12.2.7	ØRSTED A/S	209
12.2.8	HELEN LTD	210
12.2.9	KEPPEL CORPORATION LIMITED	211
12.2.10	STEAG GMBH	212
12.2.11	HAFSLUND AS	213
12.2.12	CLEARWAY ENERGY GROUP LLC	213
12.2.13	DALL ENERGY	214
13	APPENDIX	215
13.1	DISCUSSION GUIDE	215
13.2	KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL	218
13.3	CUSTOMIZATION OPTIONS	220
13.4	RELATED REPORTS	220
13.5	AUTHOR DETAILS	221
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