Product Code: 3512
The global solar district heating market is expected to expand at a significant rate through 2028 owing to low carbon footprints and reduced maintenance & operating costs of solar district heating (SDH) systems.
Recently, industry players in the solar district heating market have been making substantial investments to finance infrastructural advancements, which has positively influenced industry growth. To cite an instance, in February 2022, Solis Calor AB, a Stockholm-based company specializing in energy services, introduced a system for solar heating and energy storage system design, finance, and asset management. Absolicon, a solar energy expert, and SOLID, a solar heating firm based in Australia, joined Solis Calor as founders. With the move, Absolicon and SOLID agreed to contribute to initiatives, serve on the board, and help build solar heating financing structures.
For extensive analysis, the solar district heating market has been segmented in terms of system, application, and region. Based on system, the market has been classified into small scale and large scale. Under small scale, the industry has been further bifurcated into residential, commercial, and industrial.
The residential segment is slated to expand at a significant rate through the assessment timeframe owing to a rise in construction activities across residential establishments, such as apartments, houses, and so forth. The commercial segment is poised to amass sizable gains by 2028 due to increasing penetration of district heating systems in Tier II and III cities. By 2028, the industrial segment is projected to grow at a CAGR of approximately 7% over the study timeline.
Under large-scale, the market has been segmented into residential, commercial, and industrial. The residential segment is foreseen to grow substantially through the review period on account of lower specific and alternative costs of these systems.
The commercial segment is estimated to deliver a solid CAGR through 2028. Increased investments in the district and block heating systems, including multifamily buildings, industries, hotels, and data centers is expected to propel segmental progress. The industrial segment is speculated to observe optimistic growth by 2028 due to ongoing infrastructure development activities.
On the basis of application, the solar district heating market has been bifurcated into residential, commercial, and industrial. Under commercial, the market has been categorized into college/university, office, government/military, and others. The college/university segment is set to register robust expansion over the review timeline driven by surging prominence of renewable mix for heat generation.
Owing to lower maintenance and operating costs of these systems, the office segment is expected to grow considerably between 2022 and 2028. The solar district heating market share from the government/military segment is anticipated to expand notably through 2028 supported by the low carbon footprint and environmental friendliness of solar district heating systems. In 2021, the others segment was valued at around USD 29 million and is primed to attain a sizable market share by the end of 2028.
Under industrial, the solar district heating market has been classified into chemical, refinery, paper, and others. The chemical segment is expected to grow at a steady pace through the forecast period owing to rapid industrialization and commercialization in developing nations. The refinery segment is foreseen to reach a significant valuation by 2028. Stringent regulatory frameworks to promote the adoption of sustainable building solutions are slated to facilitate segmental development.
The paper segment is projected to record sturdy growth between 2022 and 2028 owing to favorable government standards governing clean energy resources for heat production. By 2028, the others segment is primed to observe notable growth at a rate of over 7% to garner a sizable revenue.
Table of Contents
Chapter 1 Methodology
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimation and forecast parameters
- 1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Solar district heating industry 360 degree synopsis, 2018 - 2028
- 2.1.1 Business trends
- 2.1.2 System trends
- 2.1.3 Application trends
- 2.1.4 Regional trends
Chapter 3 Solar District Heating Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Scenario I
- 3.1.2 Scenario II
- 3.1.3 Scenario III
- 3.1.4 Vendor Matrix
- 3.2 Innovation & technology landscape
- 3.3 Regulatory landscape
- 3.3.1 International
- 3.3.2 U.S.
- 3.3.2.1 U.S. Acts
- 3.3.2.2 U.S Federal agencies
- 3.3.2.3 Industry and non-governmental organizations
- 3.3.3 Europe
- 3.3.3.1 Horizon 2020 project 'SDHp2m - solar district heating
- 3.3.3.2 UK
- 3.3.3.3 Germany
- 3.3.3.4 Denmark
- 3.3.3.5 Sweden
- 3.3.3.5.1 Long term energy and climate goals
- 3.3.3.5.2 The Energy Framework Agreement and the Energy Commission
- 3.3.3.5.3 The District Heating Act
- 3.3.3.6 Finland
- 3.3.3.6.1 Long term energy and climate goals
- 3.3.3.7 Italy
- 3.3.3.8 Russia
- 3.3.3.8.1 Federal Heat Law
- 3.3.4 China
- 3.4 Case study analysis - Solar district heating with seasonal storage pit in Gram
- 3.4.1 Overview & history
- 3.4.2 Key fact & figures
- 3.4.3 Main system components
- 3.4.4 Business model
- 3.4.5 Key success factors
- 3.5 Development of future district heating & cooling solutions
- 3.5.1 INDIGO
- 3.5.2 FLEXYNETS
- 3.5.3 E2District
- 3.5.4 InDeal
- 3.5.5 H-DisNet (H-DisNet Hybrid Thermo-Chemical District Networks)
- 3.6 COVID- 19 impact on the industry outlook
- 3.6.1 Top ten countries impacted by COVID- 19
- 3.6.2 Overall view
- 3.7 Price trend analysis
- 3.8 Entry Barriers
- 3.9 Industry impact forces
- 3.9.1 Growth drivers
- 3.9.1.1 North America
- 3.9.1.1.1 Stringent regulations towards carbon emissions
- 3.9.1.2 Europe
- 3.9.1.2.1 Government norms toward zero emission buildings
- 3.9.1.2.2 Growing focus toward the adoption of sustainable energy
- 3.9.1.3 Asia Pacific
- 3.9.1.3.1 Rapid urbanization and industrialization
- 3.9.1.3.2 Regulations toward sustainable energy
- 3.9.2 Industry pitfalls & challenges
- 3.9.2.1 High capital cost
- 3.10 Growth potential analysis
- 3.11 Degree of competition
- 3.11.1 North America
- 3.11.2 Europe
- 3.11.3 Asia Pacific
- 3.12 Porter's Analysis
- 3.12.1 Bargaining power of suppliers
- 3.12.2 Bargaining power of buyers
- 3.12.3 Threat of new entrants
- 3.12.4 Threat of substitutes
- 3.13 Competitive landscape, 2021
- 3.13.1 Strategy dashboard
- 3.13.1.1 Fortum
- 3.13.1.1.1 Project expansion
- 3.13.1.1.2 Installation/supply
- 3.13.1.1.3 Strategic collaboration
- 3.13.1.1.4 New facility
- 3.13.1.1.5 Contract
- 3.13.1.1.6 Joint venture
- 3.13.1.2 Goteborg Energi
- 3.13.1.2.1 Product launch
- 3.13.1.2.2 Installation/supply
- 3.13.1.3 Kelag Energie & Warme GmbH
- 3.13.1.4 Keppel Corporation Limited
- 3.13.1.4.1 Acquisition
- 3.13.1.4.2 Memorandum of understanding
- 3.13.1.4.3 Partnership
- 3.13.1.5 Korea District Heating Corporation
- 3.13.1.6 NRG Energy, Inc.
- 3.13.1.7 Ørsted A/S
- 3.13.1.8 Ramboll Group A/S
- 3.13.1.8.1 collaboration
- 3.13.1.8.2 Agreement
- 3.13.1.9 Shinryo Corporation
- 3.13.1.10 Statkraft
- 3.13.1.10.1 Acquisition
- 3.13.1.10.2 Agreement
- 3.13.1.11 STEAG GmbH
- 3.13.1.11.1 Installation/supply
- 3.13.1.11.2 Installation/supply
- 3.13.1.12 Vattenfall AB
- 3.13.1.12.1 Technology development
- 3.13.1.12.2 Contract
- 3.13.1.12.3 Collaboration
- 3.13.1.13 Savosolar
- 3.13.1.14 Aalborg CSP
- 3.13.1.14.1 Contract
- 3.13.1.14.2 Installation/supply
- 3.14 PESTEL Analysis
Chapter 4 Solar District Heating Market, By System
- 4.1 Solar district heating market share by system, 2021 & 2028
- 4.2 Small
- 4.2.1 Global market from small, 2018 - 2028
- 4.2.2 Global market from small, by region, 2018 - 2028
- 4.2.3 Residential
- 4.2.3.1 Global market from residential, 2018 - 2028
- 4.2.3.2 Global market from residential, by region, 2018 - 2028
- 4.2.4 Commercial
- 4.2.4.1 Global market from commercial, 2018 - 2028
- 4.2.4.2 Global market from commercial, by region, 2018 - 2028
- 4.2.5 Industrial
- 4.2.5.1 Global market from industrial, 2018 - 2028
- 4.2.5.2 Global market from industrial, by region, 2018 - 2028
- 4.3 Large
- 4.3.1 Global market from large, 2018 - 2028
- 4.3.2 Global market from large, by region, 2018 - 2028
- 4.3.3 Residential
- 4.3.3.1 Global market from residential, 2018 - 2028
- 4.3.3.2 Global market from residential, by region, 2018 - 2028
- 4.3.4 Commercial
- 4.3.4.1 Global market from commercial, 2018 - 2028
- 4.3.4.2 Global market from commercial, by region, 2018 - 2028
- 4.3.5 Industrial
- 4.3.5.1 Global market from industrial, 2018 - 2028
- 4.3.5.2 Global market from industrial, by region, 2018 - 2028
Chapter 5 Solar District Heating Market, By Application
- 5.1 Solar district heating market share by application, 2021 & 2028
- 5.2 Residential
- 5.2.1 Global market from residential, 2018 - 2028
- 5.2.2 Global market from residential, by region, 2018 - 2028
- 5.3 Commercial
- 5.3.1 Global market from commercial, 2018 - 2028
- 5.3.2 Global market from commercial, by region, 2018 - 2028
- 5.3.3 College/universities
- 5.3.3.1 Global market from college/universities, 2018 - 2028
- 5.3.3.2 Global market from college/universities, by region, 2018 - 2028
- 5.3.4 Office
- 5.3.4.1 Global market from office, 2018 - 2028
- 5.3.4.2 Global market from office, by region, 2018 - 2028
- 5.3.5 Government/military
- 5.3.5.1 Global market from government/military, 2018 - 2028
- 5.3.5.2 Global market from government/military, by region, 2018 - 2028
- 5.3.6 Others
- 5.3.6.1 Global market from others, 2018 - 2028
- 5.3.6.2 Global market from others, by region, 2018 - 2028
- 5.4 Industrial
- 5.4.1 Global market from industrial, 2018 - 2028
- 5.4.2 Global market from industrial, by region, 2018 - 2028
- 5.4.3 Chemical
- 5.4.3.1 Global market from chemical, 2018 - 2028
- 5.4.3.2 Global market from chemical, by region, 2018 - 2028
- 5.4.4 Refinery
- 5.4.4.1 Global market from refinery, 2018 - 2028
- 5.4.4.2 Global market from refinery, by region, 2018 - 2028
- 5.4.5 Paper
- 5.4.5.1 Global market from paper, 2018 - 2028
- 5.4.5.2 Global market from paper, by region, 2018 - 2028
- 5.4.6 Others
- 5.4.6.1 Global market from others, 2018 - 2028
- 5.4.6.2 Global market from others, by region, 2018 - 2028
Chapter 6 Solar District Heating Market, By Region
- 6.1 Solar district heating market share by region, 2021 & 2028
- 6.2 North America
- 6.2.1 North America market, 2018 - 2028
- 6.2.2 North America market by system, 2018 - 2028
- 6.2.2.1 North America market from small, by application, 2018 - 2028
- 6.2.2.2 North America market from large, by application, 2018 - 2028
- 6.2.3 North America market by application, 2018 - 2028
- 6.2.3.1 North America market from application, by commercial, 2018 - 2028
- 6.2.3.2 North America market from application, by industrial, 2018 - 2028
Similar information is provided for
- 6.3 Europe
- 6.3.1 Europe market, 2018 - 2028
- 6.3.2 Europe market by system, 2018 - 2028
- 6.3.2.1 Europe market from small, by application, 2018 - 2028
- 6.3.2.2 Europe market from large, by application, 2018 - 2028
- 6.3.3 Europe market by application, 2018 - 2028
- 6.3.3.1 Europe market from application, by commercial, 2018 - 2028
- 6.3.3.2 Europe market from application, by industrial, 2018 - 2028
Similar information is provided for
- 6.3.4 Germany
- 6.3.5 Poland
- 6.3.6 Russia
- 6.3.7 Sweden
- 6.3.8 Finland
- 6.3.9 Italy
- 6.3.10 Denmark
- 6.3.11 UK
- 6.3.12 Slovakia
- 6.3.13 Austria
- 6.3.14 Czech Republic
- 6.3.15 France
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific market, 2018 - 2028
- 6.4.2 Asia Pacific market by system, 2018 - 2028
- 6.4.2.1 Asia Pacific market from small, by application, 2018 - 2028
- 6.4.2.2 Asia Pacific market from large, by application, 2018 - 2028
- 6.4.3 Asia Pacific market by application, 2018 - 2028
- 6.4.3.1 Asia Pacific market from application, by commercial, 2018 - 2028
- 6.4.3.2 Asia Pacific market from application, by industrial, 2018 - 2028
Similar information is provided for
- 6.4.4 China
- 6.4.5 Japan
- 6.4.6 South Korea
Chapter 7 Company Profiles
- 7.1 Fortum
- 7.1.1 Business Overview
- 7.1.2 Financial Data
- 7.1.3 Product Landscape
- 7.1.4 Strategic Outlook
- 7.1.5 SWOT Analysis
- 7.2 Goteborg Energi
- 7.2.1 Business Overview
- 7.2.2 Financial Data
- 7.2.3 Product Landscape
- 7.2.4 Strategic Outlook
- 7.2.5 SWOT Analysis
- 7.3 KELAG Energie & Warme GmbH
- 7.3.1 Business Overview
- 7.3.2 Financial Data
- 7.3.3 Product Landscape
- 7.3.4 Strategic Outlook
- 7.3.5 SWOT Analysis
- 7.4 Keppel Corporation Limited
- 7.4.1 Business Overview
- 7.4.2 Financial Data
- 7.4.3 Product Landscape
- 7.4.4 Strategic Outlook
- 7.4.5 SWOT Analysis
- 7.5 Korea District Heating Corporation
- 7.5.1 Business Overview
- 7.5.2 Financial Data
- 7.5.3 Product Landscape
- 7.5.4 SWOT Analysis
- 7.6 LOGSTOR A/S
- 7.6.1 Business Overview
- 7.6.2 Financial Data
- 7.6.3 Product Landscape
- 7.6.4 SWOT Analysis
- 7.7 NRG Energy, Inc.
- 7.7.1 Business Overview
- 7.7.2 Financial Data
- 7.7.3 Product Landscape
- 7.7.4 Strategic Outlook
- 7.7.5 SWOT Analysis
- 7.8 Ørsted A/S
- 7.8.1 Business Overview
- 7.8.2 Financial Data
- 7.8.3 Product Landscape
- 7.8.4 Strategic Outlook
- 7.8.5 SWOT Analysis
- 7.9 Ramboll Group A/S
- 7.9.1 Business Overview
- 7.9.2 Financial Data
- 7.9.3 Product Landscape
- 7.9.4 Strategic Outlook
- 7.9.5 SWOT Analysis
- 7.10 RWE
- 7.10.1 Business Overview
- 7.10.2 Financial Data
- 7.10.3 Product Landscape
- 7.10.4 Strategic Outlook
- 7.10.5 SWOT Analysis
- 7.11 Shinryo Corporation
- 7.11.1 Business Overview
- 7.11.2 Financial Data
- 7.11.3 Product Landscape
- 7.11.4 Strategic Outlook
- 7.11.5 SWOT Analysis
- 7.12 Statkraft
- 7.12.1 Business Overview
- 7.12.2 Financial Data
- 7.12.3 Product Landscape
- 7.12.4 Strategic Outlook
- 7.12.5 SWOT Analysis
- 7.13 STEAG GmbH
- 7.13.1 Business Overview
- 7.13.2 Financial Data
- 7.13.3 Product Landscape
- 7.13.4 Strategic Outlook
- 7.13.5 SWOT Analysis
- 7.14 Vattenfall AB
- 7.14.1 Business Overview
- 7.14.2 Financial Data
- 7.14.3 Product Landscape
- 7.14.4 Strategic Outlook
- 7.14.5 SWOT Analysis
- 7.15 Savosolar
- 7.15.1 Business Overview
- 7.15.2 Financial Data
- 7.15.3 Product Landscape
- 7.15.4 Strategic Outlook
- 7.15.5 SWOT Analysis
- 7.16 Aalborg CSP
- 7.16.1 Business Overview
- 7.16.2 Financial Data
- 7.16.3 Product Landscape
- 7.16.4 Strategic Outlook
- 7.16.5 SWOT Analysis