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3. District Heating Companies - Fortum (Finland) and Vattenfall (Sweden) are the Key Players

The global district heating market is expected to be valued at USD 191.5 billion in 2023 and is projected to reach USD 242.1 billion by 2028; it is expected to grow at a CAGR of 4.8% from 2023 to 2028. Market participants have adeptly addressed rising district heating demands in diverse industries, extending their global reach through strategic growth approaches like introducing new products, acquiring assets, forging partnerships, fostering collaborations, establishing alliances, and expanding their operations.

Key players operating in the district heating market are Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway), LOGSTOR Denmark Holding ApS (Denmark), Vital Energi (UK), kelag energie & wärme (Austria), SHINRYO CORPORATION (Japan), Veolia (France), General Electric (US), Uniper SE (Germany), Göteborg Energi (Sweden),FVB Energy Inc. (Canada), ALFA LAVAL (Sweden), Ramboll (Denmark), Savon Voima (Finland), Enwave (Canada), Orsted (Denmark), Helen Ltd (Finland), Keppel Corporation Limited (Singapore), STEAG GMBH (Germany), Hafslund AS (Norway), Clearway Energy Group LLC (US), and Dall Energy (Denmark).

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Fortum (Finland)

Fortum stands as one of the prominent player in the clean energy sector, extending its influence across more than 40 countries. Specializing in diverse energy services such as electricity, gas, heating, and cooling, Fortum is committed to intelligent solutions that enhance resource efficiency. While its primary focus is on the Nordic and Baltic regions, Russia, Poland, and India also benefit from Fortum's sustainable energy initiatives. The company operates through five key divisions—Generation, Russia, City Solutions, Consumer Solutions, and Other Operation—solidifying its position as a major electricity retailer and a global leader in heat production. Noteworthy achievements include advancements in district heating, where smart control and optimization techniques are employed to minimize the use of backup heat sources and reduce emissions. Fortum's innovative approach extends to harnessing waste heat from wastewater for district heating in Finland, and it actively explores distributed and flexible solutions for efficient heat production.

Vattenfall (Sweden)

Vattenfall stands as a major player in the European electricity and heat production landscape. Renowned as one of the largest providers in the region, Vattenfall plays a crucial role in supplying electricity to industries and enhancing the energy landscape for households. With a commitment to modernizing lifestyles through innovation and collaboration, the company extends its services to both residential and commercial consumers through district heating. Vattenfall's district heating initiatives are supported by a diverse range of sources, including embedded electricity sources and open district heating sources. These encompass a variety of energy options such as wind power, biomass, hydropower, solar energy, natural gas, nuclear power, coal, and oil. Notably, Vattenfall has emerged as one of Europe's leading producers and distributors of district heating for both households and industries concentrated in metropolitan areas.

ENGIE (France)

ENGIE, a prominent French electric utility company, holds a significant position in the realms of electricity generation, distribution, natural gas, and energy services. Their extensive portfolio includes a wide array of offerings, ranging from engineering and energy performance management to facility management, electrical and climate control engineering, information systems, and industrial maintenance. ENGIE is dedicated to the cause of low-carbon power generation, actively participating in the global effort to combat climate change while ensuring the availability of accessible energy for both residential and commercial customers. On a global scale, ENGIE operates over 320 heating and cooling systems, catering to the diverse needs of both residential and commercial consumers. This reflects the company's commitment to providing comprehensive and sustainable solutions across various sectors.

Danfoss (Denmark)

Danfoss holds a prominent position as a leading provider of energy-efficient technologies, products, services, and solutions. Their extensive portfolio spans across various domains, including refrigeration, air conditioning, heating motor control, off-highway machinery, and innovative solutions for renewable energy sources like solar and wind power. Additionally, Danfoss plays a crucial role in developing energy infrastructure for urban areas. The company's operations are organized into three key business segments: Danfoss Power Solutions, Danfoss Climate Solutions, and Danfoss Drives. With a robust presence in the renewable energy and district heating sectors, Danfoss is committed to delivering cutting-edge products that contribute to sustainability. Danfoss ensures global accessibility and recognition by distributing its products through a network of sales companies, agents, and distributors. This approach, particularly in the heating and cooling market, solidifies Danfoss's reputation as a key player in providing efficient and innovative solutions across the energy landscape

Statkraft (Norway)

Statkraft, a noteworthy renewable energy producer in Europe, capitalizes on hydropower, wind power, solar power, and gas-fired generation to deliver cutting-edge district heating solutions in Norway and Sweden. The company's operational framework comprises seven key business segments: Nordics, Europe, International, Markets, District Heating, New Technologies, and Others. Their district heating services are tailored to meet the energy needs of commercial buildings, industrial facilities, and residential housing across more than 13 locations in Norway and Sweden. Under the management of Steggcg.tg, Statkraft oversees district heating plants and has established a robust infrastructure featuring an underground network of insulated pipes. This infrastructure ensures the efficient transportation of heat to end users, highlighting Statkraft's commitment to providing sustainable and effective heating solutions.

Related Reports:

District Heating Market by Heat Source (Coal, Natural Gas, Geothermal, Biomass & Biofuel, Solar, Oil & Petroleum Products), Component (Boiler, Heat Exchanger, Heat Pumps), Plant Type (CHP, Boiler), Application and Region - Global Forecast to 2028

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