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Solar District Heating Global Market Report 2024

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    Report

  • 200 Pages
  • January 2024
  • Region: Global
  • The Business Research Company
  • ID: 5766773
Solar district heating systems involve thermal collectors that capture solar heat to generate hot water. In this system, the thermal collector captures energy from the sun and transfers it to a thermal transfer fluid. This fluid is then transported to the mechanical room, where the heated water circulates through pipes, transferring heat as a utility to customers, residents, and other users.

There are different types of systems in solar district heating, categorized into small systems and large systems. Small solar heating district systems are those with less than 1000 m2 of solar collector area and less than 1000 m3 of seasonal thermal energy storage volume. Solar district heating systems find widespread applications in residential, commercial, and industrial settings.

The solar district heating market research report is one of a series of new reports that provides solar district heating market statistics, including solar district heating industry global market size, regional shares, competitors with a solar district heating market share, detailed solar district heating market segments, market trends and opportunities, and any further data you may need to thrive in the solar district heating industry. This solar district heating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The solar district heating market size has grown rapidly in recent years. It will grow from $3.23 billion in 2023 to $3.68 billion in 2024 at a compound annual growth rate (CAGR) of 14.1%. The growth observed in the historical period can be attributed to various factors, including environmental concerns, government incentives, a focus on energy security, and community initiatives. These factors have collectively contributed to the development and adoption of solar district heating systems.

The solar district heating market size is expected to see rapid growth in the next few years. It will grow to $5.79 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%. The anticipated growth in the forecast period can be attributed to several factors, including policy developments, economic considerations, climate change mitigation efforts, increased public awareness, and advancements in urban planning and integration. Key trends expected during this period encompass innovation and research, technological advancements, integration with smart technologies, the adoption of hybrid systems, and the implementation of modular and scalable designs

The solar district heating market is experiencing growth driven by the increasing adoption of sustainable energy. Globally, governments, residents, and industries are emphasizing the shift to sustainable energy sources, such as solar, wind, hydropower, and bioenergy, to reduce reliance on conventional energy and promote cleaner alternatives. The anticipated surge in sustainable energy adoption is expected to drive the utilization of solar district heating systems, providing cost-effective heating solutions for commercial, residential, and industrial users compared to existing heating methods. According to the International Energy Agency (IEA) Renewable Energy Market Update 2021, there is an estimated increase in net renewable capacity additions from 269.9GW in 2021 to 279.6GW in 2022, with solar renewable energy expanding from 145GW in 2021 to 162GW in 2022. This underscores the anticipated growth in the use of solar district heating due to the growing adoption of sustainable energy.

The solar district heating market is also poised for growth due to the rise in urbanization. Urbanization, characterized by population shifts from rural to urban areas, is a driving force behind the increased demand for solar district heating. As cities grow and become more densely populated, there is a need for efficient, sustainable, and centralized energy solutions to meet heating requirements. This trend aims to reduce environmental impacts and energy costs associated with heating densely populated urban areas. For instance, the World Economic Forum reported in April 2022 that over 4.3 billion people, or 55% of the global population, lived in urban settings, with expectations of reaching 80% by 2050. Thus, the solar district heating market is benefitting from the ongoing trend of urbanization.

Strategic collaborations and partnerships emerge as key trends in the solar district heating market. Major players in the market are forming strategic partnerships with technology-based companies to develop advanced systems and expand their global business operations. An example of this trend is ENGIE Africa's collaboration with Gabon's Ministry of Energy in May 2022. The partnership aims to electrify off-grid families by selling and delivering high-quality solar home system kits, showcasing the significance of strategic collaborations in advancing solar district heating solutions.

Major companies operating in the solar district heating market are intensifying their focus on introducing advanced heating systems to gain a competitive advantage. Advanced heating systems in solar district heating involve high-efficiency technologies that harness solar energy for centralized heating. This typically involves the use of solar collectors and thermal storage to provide sustainable and environmentally friendly heat to entire districts or communities. Holtec International's launch of the HI-HEAT District Heater System in July 2022 exemplifies this trend. The system, designed to eliminate global dependence on fossil fuels for heating, offers a clean alternative to traditional heating systems, contributing to sustainability goals.

In March 2023, Solar, a Europe-based company, acquired a 51% stake in ThermoNova A/S, a Denmark-based company specializing in high-capacity heat pumps for heating buildings. This acquisition is expected to accelerate the green transition in both small and large companies, particularly in the industrial sector, by offering energy-efficient heating solutions to replace traditional gas and oil-based systems. ThermoNova A/S's expertise in producing heat pumps aligns with the broader objective of advancing energy-efficient solutions in the solar district heating market.

Major companies operating in the in the solar district heating market report are DESMI A/S, Göteborg Energi AB, Keppel District Heating and Cooling Services Pte. Ltd., Korea District Heating Corporation, LOGSTOR A/S, Arcon-Sunmark A/S, Savosolar Oyj, Solvis GmbH, S. O. L. I. D. GmbH, Sunamp Ltd., WOLF GmbH, Aalborg CSP A/S, Absolicon Solar Collector AB, Institut für Nachhaltige Technologien, BrightSource Energy Inc., CitrinSolar GmbH, Energie Solaire SA, Frenell GmbH, Heliodyne Inc., Industrial Solar GmbH, Sunlumo Technology GmbH, Sunoptimo SA, Suntrix Company Limited, TSK Flagsol Engineering GmbH, TVP Solar SA, Viessmann Werke GmbH & Co. KG, Wagner Solar GmbH, Institute for Sustainable Technologies, KBB Kollektorbau GmbH, Alfa Laval AB

Western Europe was the largest region in the solar district heating market in 2023. Asia-Pacific is expected to be the fastest-growing region in the solar district heating market share during the forecast period. The regions covered in the solar district heating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the solar district heating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The solar district heating market includes revenues earned by entities by providing services such as thermal energy storage, district heating system, and seasonal storage with the aid of solar thermal collectors and flat-plate collectors. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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Table of Contents

1. Executive Summary2. Solar District Heating Market Characteristics3. Solar District Heating Market Trends And Strategies
4. Solar District Heating Market - Macro Economic Scenario
4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market
5. Global Solar District Heating Market Size and Growth
5.1. Global Solar District Heating Market Drivers and Restraints
5.1.1. Drivers Of The Market
5.1.2. Restraints Of The Market
5.2. Global Solar District Heating Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Solar District Heating Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)
6. Solar District Heating Market Segmentation
6.1. Global Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small System
Large System
6.2. Global Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial
7. Solar District Heating Market Regional And Country Analysis
7.1. Global Solar District Heating Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Solar District Heating Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Solar District Heating Market
8.1. Asia-Pacific Solar District Heating Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Solar District Heating Market
9.1. China Solar District Heating Market Overview
9.2. China Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Solar District Heating Market
10.1. India Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Solar District Heating Market
11.1. Japan Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Solar District Heating Market
12.1. Australia Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Solar District Heating Market
13.1. Indonesia Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Solar District Heating Market
14.1. South Korea Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Solar District Heating Market
15.1. Western Europe Solar District Heating Market Overview
15.2. Western Europe Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Solar District Heating Market
16.1. UK Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Solar District Heating Market
17.1. Germany Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Solar District Heating Market
18.1. France Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Solar District Heating Market
19.1. Italy Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Solar District Heating Market
20.1. Spain Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Solar District Heating Market
21.1. Eastern Europe Solar District Heating Market Overview
21.2. Eastern Europe Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Solar District Heating Market
22.1. Russia Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Solar District Heating Market
23.1. North America Solar District Heating Market Overview
23.2. North America Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Solar District Heating Market
24.1. USA Solar District Heating Market Overview
24.2. USA Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Solar District Heating Market
25.1. Canada Solar District Heating Market Overview
25.2. Canada Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Solar District Heating Market
26.1. South America Solar District Heating Market Overview
26.2. South America Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Solar District Heating Market
27.1. Brazil Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Solar District Heating Market
28.1. Middle East Solar District Heating Market Overview
28.2. Middle East Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Solar District Heating Market
29.1. Africa Solar District Heating Market Overview
29.2. Africa Solar District Heating Market, Segmentation By System, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Solar District Heating Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Solar District Heating Market Competitive Landscape And Company Profiles
30.1. Solar District Heating Market Competitive Landscape
30.2. Solar District Heating Market Company Profiles
30.2.1. DESMI A/S
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Göteborg Energi AB
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Keppel District Heating and Cooling Services Pte. Ltd.
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Korea District Heating Corporation
30.2. 4.1. Overview
30.2. 4.2. Products and Services
30.2. 4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. LOGSTOR A/S
30.2. 5.1. Overview
30.2. 5.2. Products and Services
30.2. 5.3. Strategy
30.2.5.4. Financial Performance
31. Global Solar District Heating Market Competitive Benchmarking32. Global Solar District Heating Market Competitive Dashboard33. Key Mergers And Acquisitions In The Solar District Heating Market
34. Solar District Heating Market Future Outlook and Potential Analysis
34.1 Solar District Heating Market In 2028 - Countries Offering Most New Opportunities
34.2 Solar District Heating Market In 2028 - Segments Offering Most New Opportunities
34.3. Solar District Heating Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies
35. Appendix
35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer

Executive Summary

Solar District Heating Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on solar district heating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • All data from the report will also be delivered in an excel dashboard format.

Description:

Where is the largest and fastest growing market for solar district heating? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

Scope

  • Markets Covered: 1) By System: Small System; Large System 2) By Application: Residential; Commercial; Industrial
  • Companies Mentioned: DESMI A/S; Göteborg Energi AB; Keppel District Heating and Cooling Services Pte. Ltd.; Korea District Heating Corporation; LOGSTOR A/S
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery format: PDF, Word and Excel Data Dashboard.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • DESMI A/S
  • Göteborg Energi AB
  • Keppel District Heating and Cooling Services Pte. Ltd.
  • Korea District Heating Corporation
  • LOGSTOR A/S
  • Arcon-Sunmark A/S
  • Savosolar Oyj
  • Solvis GmbH
  • S. O. L. I. D. GmbH
  • Sunamp Ltd.
  • WOLF GmbH
  • Aalborg CSP A/S
  • Absolicon Solar Collector AB
  • Institut für Nachhaltige Technologien
  • BrightSource Energy Inc.
  • CitrinSolar GmbH
  • Energie Solaire SA
  • Frenell GmbH
  • Heliodyne Inc.
  • Industrial Solar GmbH
  • Sunlumo Technology GmbH
  • Sunoptimo SA
  • Suntrix Company Limited
  • TSK Flagsol Engineering GmbH
  • TVP Solar SA
  • Viessmann Werke GmbH & Co. KG
  • Wagner Solar GmbH
  • Institute for Sustainable Technologies
  • KBB Kollektorbau GmbH
  • Alfa Laval AB

Methodology

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