North America District Heating Market Size, Share & Industry Trends Analysis Report By Application (Residential, Commercial and Industrial), By Plant Type (Combined Heat & Power, Boiler Plants), By Heat Source, By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America District Heating Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
District heating (also known as heat networks or teleheating) is a technique for distributing heat generated in a central place through a network of insulated pipes for residential and commercial space heating and water heating needs. The heat is often derived from a cogeneration plant that burns fossil fuels or biomass, however heat-only boiler stations, geothermal heating, heat pumps, central solar heating, and heat waste from manufacturing and nuclear power electricity generation are also utilized.
District heating facilities are more efficient and provide superior pollution control than local boilers. District heating with combined heat and power (CHPDH) is the most cost-effective option for reducing carbon emissions and has one of the smallest carbon footprints among fossil power facilities.
Fifth-generation district heat networks do not use on-site combustion and have zero CO2 and NO2 emissions; they employ heat transmission utilizing electricity, which may be supplied from renewable energy or remote fossil-fueled power plants. The Stockholm multi-energy system employs a combination of CHP and centralized heat pumps. This enables the creation of heat via electricity when intermittent power production is abundant, and the cogeneration of electric power and district heating when intermittent power production is scarce.
With 25 GW in the industrial sector, 2 GW in the commercial sector, and 43 GW in the electric power sector, the United States combined heat and power (CHP) producing capacity by the end of 2011 was close to 70 gigawatts (GW), or almost 7% of the country's total capacity. In 2011, the generators of industrial CHP plants ran at maximum capacity an average of 57% of the time, or 57% capacity factor. Combined heat and power plants are commonly established in tandem with enterprises that demand heat or steam.
The US market dominated the North America District Heating Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $32,766.8 million by 2028. The Canada market is poised to grow at a CAGR of 7.8% during (2022 - 2028). Additionally, The Mexico market would witness 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global District Heating Market is Estimated to reach $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 Plant Type
- Combined Heat & Power
- Boiler Plants
By Heat Source
- Natural Gas
- Oil & Petroleum Products
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Fortum Corporation
- Vattenfall AB
- The Danfoss Group
- Statkraft AS
- LOGSTOR Denmark Holding ApS (Kingspan Group PLC)
- Vital Energi Ltd.
- Alfa Laval AB
- SHINRYO CORPORATION
- NRG Energy, Inc.
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