The global district heating market is estimated at USD 167.8 Billion in 2022 and is projected to reach USD 226.5 Billion by 2027, registering a CAGR of 6.2% during the forecast period. The rise in demand for district heating is also attributed to the increasing use of renewable energy integration in district heating.
Fortum; Vattenfall; ENGIE; Danfoss; Statkraft; LOGSTOR; Goteborg Energi; Ramboll Group; Keppel Corporation; Helen; General Electric; SHINRYO CORPORATION; Vital Energi; Kelag; Goteborg Energi; FVB Energy; Alfa Laval; Savon Voima; Enwave Energy; Orsted; STEAG GMBH; Hafslund Eco; Clearway Community Energy; Uniper SE; Veolia; and Dall Energy are some of the key players in the district heating market. To retain their presence in the district heating market, these players have adopted growth strategies. Partnership has been the most dominating strategy adopted by the key players from 2020 to 2022 to help them broaden their customer base.
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Fortum is one of the clean energy companies based in Europe, operating in more than 40 nations. The company provides electricity, gas, heating, and cooling accompanied by smart solutions to enhance the resource efficiency of its customers. It primarily serves Nordic and Baltic countries, Russia, Poland, and India. Fortum is the biggest electricity retailer and also ranks among the top heat producers globally. The company operates through five business divisions: Generation, Russia, City Solutions, Consumer Solutions, and Uniper. Fortum concluded the sale of its ~50% ownership in the Swedish district heating and cooling company Stockholm Exergi and the district heating business in the Baltics.
Vattenfall is among the largest producers and retailers of electricity and heat in Europe. The company provides electricity to industries and supplies energy to homes, helping modernize the way of living through innovation and cooperation. The company provides district heating to residential as well as commercial consumers, for which the company procures heat from embedded electricity sources and open district heating sources, including industries and waste energy sources. The embedded heat sources include wind power, biomass, hydropower, solar energy, natural gas, nuclear power, coal, and oil.
Vattenfall is one of Europe’s largest producers and distributors of district heating for households and industries in metropolitan areas. In partnership with cities and regions, the company focuses on the transformation toward fossil-free heating solutions, such as by integrating surplus or waste heat from third parties in the district heating networks. The company operates through 6 major business divisions—Power Generation, Consumers & Solutions, Heat, Distribution, Wind, and Others. The district heating solution is a part of the Heat business division of the company.
ENGIE is a French electric utility company in the field of electricity generation and distribution, natural gas, and energy services. The company offers services such as engineering, energy performance management, facility management, electrical and climate control engineering, information systems, and industrial maintenance. The company primarily focuses on low-carbon power generation that helps fight against global warming and provides easy access to energy to residential and commercial consumers. It operates more than 320 heating and cooling systems worldwide for residential and commercial consumers. ENGIE primarily procures energy from renewable sources, including biomass, geothermal, and waste industrial heat.
Danfoss is one of the leading providers of energy-efficient technologies, products, services, and solutions. The company is engaged in providing products and solutions for refrigeration, air conditioning, heating, motor control, and off-highway machinery, along with solutions for renewable energy, such as solar and wind power, and energy infrastructure for cities. It operates through its three business segments—Danfoss Power Solutions, Danfoss Climate Solutions, and Danfoss Drives. The company is also active in the field of renewable energy as well as district heating infrastructure for cities and urban communities. It distributes its products through sales companies, agents, and distributors. It has a worldwide presence and is well-known in the heating and cooling market.
Statkraft is one of the leading renewable energy generators in Europe. The company produces renewable energy from hydropower, wind power, solar power, and gas-fired power and uses it to provide district heating to its customers in Norway and Sweden. The company operates through 7 major business segments—European Flexible Generation, Market Operations, International Power, European Wind and Solar, District Heating, Industrial Ownership, and Other Activities.
District Heating Market by Heat Source (Coal, Natural Gas, Renewables, Oil & Petroleum Products), Component (Boiler, Heat Exchanger), Plant Type (Boiler Plants, CHP), Application (Residential, Commercial, Industrial) and Region - Global Forecast to 2027
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