The Asia Pacific District Heating Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
The expansion of a district heating network can be supported most effectively by beginning with modest heating-only plants or by retrofitting the turbines of existing peaking or intermediate load power plants close to the heat demand centers. As the system expands, big district heating power plants with a guaranteed high capacity factor can be deployed.
Afterward, the heating-only plants will function as peaking and backup units. Another option is to construct a district heating power plant with provisions for the increase of future heat supply capacity in advance. A new electric power plant might be outfitted with district heating turbines with condensing exhaust ends and cold condensers that are capable of producing the same amount of electricity as conventional units.
District heating turbines can be built at locations where a future district heat load will be established. District heating turbines can run in the pure condensing mode in the meantime. Once the district heat load and piping network have been defined, the power plant can install the necessary district heating condensers, pumps, and other equipment. This strategy decreases the district heating power plant's initial outlay while enabling flexible operation.
According to studies by Pacific Northwest National Laboratory, China's energy future can be improved by the implementation of an energy-efficiency plan that converts waste heat into electricity. Combined heat and power (CHP) can be more widely adopted in China with the correct economic incentives and laws, significantly improving energy efficiency and decreasing carbon dioxide emissions from coal-generated electricity. In addition, the research assists Chinese authorities in removing impediments to CHP adoption and educating stakeholders about its benefits.
The China market dominated the Asia Pacific District Heating Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $10,526.7 million by 2028. The Japan market is estimated to grow a CAGR of 6.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 8.9% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide District Heating Market is Projected to reach USD 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.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Residential
- Commercial
- Industrial
By Plant Type
- Combined Heat & Power
- Boiler Plants
- Defense
- Others
By Heat Source
- Natural Gas
- Coal
- Oil & Petroleum Products
- Renewables
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- 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
- NRG Energy, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific District Heating Market, by Application
1.4.2 Asia Pacific District Heating Market, by Plant Type
1.4.3 Asia Pacific District Heating Market, by Heat Source
1.4.4 Asia Pacific District Heating Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.2.3 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Dec – 2022, Mar) Leading Players
Chapter 4. Asia Pacific District Heating Market by Application
4.1 Asia Pacific Residential Market by Country
4.2 Asia Pacific Commercial Market by Country
4.3 Asia Pacific Industrial Market by Country
Chapter 5. Asia Pacific District Heating Market by Plant Type
5.1 Asia Pacific Combined Heat & Power Market by Country
5.2 Asia Pacific Boiler Plants Market by Country
5.3 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific District Heating Market by Heat Source
6.1 Asia Pacific Natural Gas Market by Country
6.2 Asia Pacific Coal Market by Country
6.3 Asia Pacific Oil & Petroleum Products Market by Country
6.4 Asia Pacific Renewables Market by Country
6.5 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific District Heating Market by Country
7.1 China District Heating Market
7.1.1 China District Heating Market by Application
7.1.2 China District Heating Market by Plant Type
7.1.3 China District Heating Market by Heat Source
7.2 Japan District Heating Market
7.2.1 Japan District Heating Market by Application
7.2.2 Japan District Heating Market by Plant Type
7.2.3 Japan District Heating Market by Heat Source
7.3 India District Heating Market
7.3.1 India District Heating Market by Application
7.3.2 India District Heating Market by Plant Type
7.3.3 India District Heating Market by Heat Source
7.4 South Korea District Heating Market
7.4.1 South Korea District Heating Market by Application
7.4.2 South Korea District Heating Market by Plant Type
7.4.3 South Korea District Heating Market by Heat Source
7.5 Singapore District Heating Market
7.5.1 Singapore District Heating Market by Application
7.5.2 Singapore District Heating Market by Plant Type
7.5.3 Singapore District Heating Market by Heat Source
7.6 Malaysia District Heating Market
7.6.1 Malaysia District Heating Market by Application
7.6.2 Malaysia District Heating Market by Plant Type
7.6.3 Malaysia District Heating Market by Heat Source
7.7 Rest of Asia Pacific District Heating Market
7.7.1 Rest of Asia Pacific District Heating Market by Application
7.7.2 Rest of Asia Pacific District Heating Market by Plant Type
7.7.3 Rest of Asia Pacific District Heating Market by Heat Source
Chapter 8. Company Profiles
8.1 The Danfoss Group
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.2 Fortum Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.5.2 Acquisition, Mergers and Joint Ventures:
8.3 Vattenfall AB
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Geographical Expansions:
8.4 ENGIE
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.5 Statkraft AS
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.6 LOGSTOR Denmark Holding ApS (Kingspan Group PLC)
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.7 SHINRYO CORPORATION
8.7.1 Company Overview
8.7.2 Financial Analysis
8.8 NRG Energy, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.9 Alfa Laval AB
8.9.1 Company Overview
8.10. Vital Energi Ltd.
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Asia Pacific District Heating Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific District Heating Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– District Heating Market
TABLE 4 Acquisition and Mergers– District Heating Market
TABLE 5 Geographical Expansions – District Heating Market
TABLE 6 Asia Pacific District Heating Market by Application, 2018 - 2021, USD Million
TABLE 7 Asia Pacific District Heating Market by Application, 2022 - 2028, USD Million
TABLE 8 Asia Pacific Residential Market by Country, 2018 - 2021, USD Million
TABLE 9 Asia Pacific Residential Market by Country, 2022 - 2028, USD Million
TABLE 10 Asia Pacific Commercial Market by Country, 2018 - 2021, USD Million
TABLE 11 Asia Pacific Commercial Market by Country, 2022 - 2028, USD Million
TABLE 12 Asia Pacific Industrial Market by Country, 2018 - 2021, USD Million
TABLE 13 Asia Pacific Industrial Market by Country, 2022 - 2028, USD Million
TABLE 14 Asia Pacific District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 15 Asia Pacific District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 16 Asia Pacific Combined Heat & Power Market by Country, 2018 - 2021, USD Million
TABLE 17 Asia Pacific Combined Heat & Power Market by Country, 2022 - 2028, USD Million
TABLE 18 Asia Pacific Boiler Plants Market by Country, 2018 - 2021, USD Million
TABLE 19 Asia Pacific Boiler Plants Market by Country, 2022 - 2028, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 21 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 22 Asia Pacific District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 23 Asia Pacific District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 24 Asia Pacific Natural Gas Market by Country, 2018 - 2021, USD Million
TABLE 25 Asia Pacific Natural Gas Market by Country, 2022 - 2028, USD Million
TABLE 26 Asia Pacific Coal Market by Country, 2018 - 2021, USD Million
TABLE 27 Asia Pacific Coal Market by Country, 2022 - 2028, USD Million
TABLE 28 Asia Pacific Oil & Petroleum Products Market by Country, 2018 - 2021, USD Million
TABLE 29 Asia Pacific Oil & Petroleum Products Market by Country, 2022 - 2028, USD Million
TABLE 30 Asia Pacific Renewables Market by Country, 2018 - 2021, USD Million
TABLE 31 Asia Pacific Renewables Market by Country, 2022 - 2028, USD Million
TABLE 32 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 33 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 34 Asia Pacific District Heating Market by Country, 2018 - 2021, USD Million
TABLE 35 Asia Pacific District Heating Market by Country, 2022 - 2028, USD Million
TABLE 36 China District Heating Market, 2018 - 2021, USD Million
TABLE 37 China District Heating Market, 2022 - 2028, USD Million
TABLE 38 China District Heating Market by Application, 2018 - 2021, USD Million
TABLE 39 China District Heating Market by Application, 2022 - 2028, USD Million
TABLE 40 China District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 41 China District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 42 China District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 43 China District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 44 Japan District Heating Market, 2018 - 2021, USD Million
TABLE 45 Japan District Heating Market, 2022 - 2028, USD Million
TABLE 46 Japan District Heating Market by Application, 2018 - 2021, USD Million
TABLE 47 Japan District Heating Market by Application, 2022 - 2028, USD Million
TABLE 48 Japan District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 49 Japan District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 50 Japan District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 51 Japan District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 52 India District Heating Market, 2018 - 2021, USD Million
TABLE 53 India District Heating Market, 2022 - 2028, USD Million
TABLE 54 India District Heating Market by Application, 2018 - 2021, USD Million
TABLE 55 India District Heating Market by Application, 2022 - 2028, USD Million
TABLE 56 India District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 57 India District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 58 India District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 59 India District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 60 South Korea District Heating Market, 2018 - 2021, USD Million
TABLE 61 South Korea District Heating Market, 2022 - 2028, USD Million
TABLE 62 South Korea District Heating Market by Application, 2018 - 2021, USD Million
TABLE 63 South Korea District Heating Market by Application, 2022 - 2028, USD Million
TABLE 64 South Korea District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 65 South Korea District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 66 South Korea District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 67 South Korea District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 68 Singapore District Heating Market, 2018 - 2021, USD Million
TABLE 69 Singapore District Heating Market, 2022 - 2028, USD Million
TABLE 70 Singapore District Heating Market by Application, 2018 - 2021, USD Million
TABLE 71 Singapore District Heating Market by Application, 2022 - 2028, USD Million
TABLE 72 Singapore District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 73 Singapore District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 74 Singapore District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 75 Singapore District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 76 Malaysia District Heating Market, 2018 - 2021, USD Million
TABLE 77 Malaysia District Heating Market, 2022 - 2028, USD Million
TABLE 78 Malaysia District Heating Market by Application, 2018 - 2021, USD Million
TABLE 79 Malaysia District Heating Market by Application, 2022 - 2028, USD Million
TABLE 80 Malaysia District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 81 Malaysia District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 82 Malaysia District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 83 Malaysia District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 84 Rest of Asia Pacific District Heating Market, 2018 - 2021, USD Million
TABLE 85 Rest of Asia Pacific District Heating Market, 2022 - 2028, USD Million
TABLE 86 Rest of Asia Pacific District Heating Market by Application, 2018 - 2021, USD Million
TABLE 87 Rest of Asia Pacific District Heating Market by Application, 2022 - 2028, USD Million
TABLE 88 Rest of Asia Pacific District Heating Market by Plant Type, 2018 - 2021, USD Million
TABLE 89 Rest of Asia Pacific District Heating Market by Plant Type, 2022 - 2028, USD Million
TABLE 90 Rest of Asia Pacific District Heating Market by Heat Source, 2018 - 2021, USD Million
TABLE 91 Rest of Asia Pacific District Heating Market by Heat Source, 2022 - 2028, USD Million
TABLE 92 Key Information – The Danfoss Group
TABLE 93 Key Information – Fortum Corporation
TABLE 94 Key Information – Vattenfall AB
TABLE 95 Key Information – ENGIE
TABLE 96 Key Information – Statkraft AS
TABLE 97 Key Information – LOGSTOR Denmark Holding ApS
TABLE 98 Key Information – SHINRYO CORPORATION
TABLE 99 Key Information – nrg energy, inc.
TABLE 100 Key Information – ALFA laval Ab
TABLE 101 Key Information – vital energi ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Dec – 2022, Mar) Leading Players
FIG 5 Recent strategies and developments: The Danfoss Group
FIG 6 Recent strategies and developments: Fortum corporation
FIG 7 Recent strategies and developments: Vattenfall AB