Solar District Heating Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By System (Small-scale and Large-scale), By End-User (Residential, Commercial and Industrial), By Region, and By Competition 2019-2029F

  • Industry : Power
  • Pages : NA
  • Published Date : NA
Customization Enquiry

Buy Now

Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 3.59 billion

CAGR (2024-2029)

9.73%

Fastest Growing Segment

Industrial

Largest Market

Europe

Market Size (2023)

USD 6.32 billion





Market Overview

Global Solar District Heating Market was valued at USD 3.59 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 9.73% through 2029. Solar district heating systems are designed to capture and utilize solar energy efficiently. The incorporation of advanced technologies, such as thermal storage and smart controls, enhances overall system efficiency, ensuring that a higher percentage of solar energy is converted into usable heat.

Key Market Drivers

Environmental Sustainability and Renewable Energy Transition

The growing global emphasis on environmental sustainability has emerged as a primary driver for the expansion of the solar district heating market. As concerns about climate change intensify, governments, businesses, and communities worldwide are increasingly adopting renewable energy solutions to reduce carbon footprints and mitigate the impact of traditional energy sources. Solar district heating, which harnesses the power of the sun to provide clean and sustainable heat, aligns perfectly with these objectives.

Traditional heating systems often rely on fossil fuels, contributing significantly to greenhouse gas emissions. In contrast, solar district heating utilizes solar collectors to capture sunlight and convert it into thermal energy, reducing dependence on non-renewable resources. The integration of solar energy into district heating systems not only reduces carbon emissions but also helps countries achieve their renewable energy targets. Governments and international organizations are incentivizing the adoption of solar district heating through policies, subsidies, and regulatory frameworks, further propelling market growth.

As the global community continues to prioritize sustainable development and combat climate change, the demand for environmentally friendly heating solutions like solar district heating is expected to surge, making it a key driver in the market's expansion.

Energy Efficiency and Cost Savings

The pursuit of energy efficiency and cost savings is another major driver fueling the growth of the global solar district heating market. Traditional heating systems often suffer from inefficiencies, leading to heat losses during distribution and conversion processes. Solar district heating, with its focus on utilizing clean and abundant solar energy, offers a more efficient alternative.

Solar district heating systems are designed to optimize energy usage by capturing and storing solar heat for later distribution. The use of advanced technologies, such as thermal storage systems, enhances the reliability and flexibility of these systems. Additionally, the reduction in dependence on conventional energy sources leads to long-term cost savings for both consumers and businesses.

Governments and utilities are recognizing the economic benefits of solar district heating and are implementing policies to promote its adoption. Financial incentives, tax credits, and subsidies are being introduced to encourage investments in solar heating infrastructure, making it an attractive proposition for stakeholders seeking sustainable and cost-effective energy solutions.

Increasing Urbanization and District Heating Demand

The global trend towards urbanization has led to a rise in the demand for efficient heating solutions, especially in densely populated areas. As cities expand and populations grow, traditional heating systems may struggle to meet the increasing demand, leading to concerns about energy security and reliability. Solar district heating addresses these challenges by providing a scalable and sustainable solution for urban heating needs.

The centralized nature of district heating systems makes them well-suited for urban environments, where energy demand is concentrated. Solar district heating can be integrated into existing district heating infrastructure or implemented in new developments, offering a reliable and environmentally friendly heating solution for urban communities. The potential to reduce air pollution and enhance the overall quality of life in cities further drives the adoption of solar district heating.

As urbanization continues to accelerate globally, the demand for efficient and sustainable heating solutions in densely populated areas is expected to be a significant driver for the growth of the solar district heating market. Urban planners, policymakers, and developers are increasingly recognizing the role of solar district heating in creating smart, resilient, and sustainable cities for the future.


Download Free Sample Report

Key Market Challenges

Initial Capital Costs and Investment Barriers

One of the primary challenges facing the global solar district heating market is the relatively high initial capital costs associated with implementing solar thermal systems. While the long-term operational costs of solar district heating are lower than traditional fossil fuel-based systems, the upfront investment required for solar collectors, thermal storage infrastructure, and system integration can be a significant barrier for project developers and investors.

The cost of solar thermal technology has been decreasing over the years, but it still represents a substantial investment, particularly for large-scale district heating projects. This financial barrier can deter potential stakeholders from embracing solar district heating, especially in regions where conventional energy sources remain economically competitive.

Addressing this challenge requires concerted efforts from governments, financial institutions, and industry stakeholders. Financial incentives, subsidies, and favorable financing mechanisms can play a crucial role in mitigating the upfront costs, making solar district heating projects more economically viable and attractive to investors. Additionally, advancements in technology and economies of scale can contribute to further cost reductions, making solar district heating a more accessible and competitive option in the long run.

Intermittency and Seasonal Variability of Solar Energy

Solar energy, as a renewable resource, is subject to natural intermittency and seasonal variations, posing a challenge to the consistent supply of heat in solar district heating systems. The inherent intermittency of solar radiation, caused by factors such as weather conditions and daily/seasonal changes, can result in fluctuations in the system's performance, impacting its reliability and efficiency.

During periods of low solar radiation, backup systems or alternative heat sources may be required to maintain a consistent supply of thermal energy. Integrating efficient backup systems or hybrid solutions that combine solar with other renewable sources or storage technologies becomes essential to ensure uninterrupted heating services, especially during adverse weather conditions.

Technological advancements in energy storage, such as improved thermal storage solutions and hybridization with complementary energy sources, are crucial for addressing the intermittency challenge. Research and development efforts focused on enhancing the predictability and reliability of solar district heating systems can further contribute to overcoming this obstacle, making them more resilient and adaptable to varying environmental conditions.

Regulatory and Grid Integration Hurdles

The integration of solar district heating into existing energy infrastructure and regulatory frameworks poses a significant challenge to market growth. In many regions, traditional district heating systems are well-established and may operate within regulatory environments that favor conventional energy sources. Adapting existing regulations and grids to accommodate the unique characteristics of solar district heating can be a complex and time-consuming process.

Regulatory challenges may include issues related to energy pricing, grid connection standards, and the recognition of the environmental benefits of solar thermal technologies. Additionally, the need for coordination among multiple stakeholders, including energy utilities, policymakers, and local authorities, is crucial for the successful integration of solar district heating into existing energy landscapes.

To address these challenges, proactive regulatory frameworks that incentivize the adoption of solar district heating and support grid integration need to be established. Collaboration between public and private sectors, along with clear guidelines and standards, can streamline the regulatory process and facilitate the seamless integration of solar district heating into existing energy infrastructures. Policymakers should play a pivotal role in creating an enabling environment that encourages the transition to sustainable and decentralized heating solutions.

Key Market Trends

Integration of Advanced Technologies for Increased Efficiency and Reliability

An emerging trend in the global solar district heating market is the integration of advanced technologies to enhance the efficiency, reliability, and overall performance of solar thermal systems. As the industry matures, there is a growing focus on research and development, leading to the incorporation of innovations that address traditional challenges and elevate the capabilities of solar district heating.

One notable technological trend is the adoption of advanced thermal storage solutions. Efficient storage allows excess solar heat to be captured during periods of high solar radiation and utilized during periods of low or no sunlight, ensuring a continuous and reliable heat supply. This not only addresses the intermittency challenge associated with solar energy but also contributes to grid stability and energy management.

Another key technological trend involves the implementation of smart control systems and digitalization in solar district heating networks. Advanced control algorithms, sensors, and real-time monitoring enable operators to optimize system performance, respond to changing weather conditions, and prioritize energy distribution based on demand patterns. These smart systems contribute to increased energy efficiency, reduced operating costs, and improved overall system resilience.

As the solar district heating market continues to evolve, ongoing investments in research and development are expected to yield further breakthroughs in technology. Innovations such as high-performance collectors, improved heat exchangers, and enhanced system integration techniques will likely become integral components of solar district heating projects, driving increased efficiency and reliability.

Market Expansion and Diversification in Geographic Applications

A significant trend in the global solar district heating market is the expansion and diversification of its geographic applications. While the adoption of solar district heating initially gained traction in Europe, where supportive policies and a commitment to renewable energy have driven investments, there is now a notable trend towards global market expansion.

Countries outside of Europe are increasingly recognizing the potential of solar district heating as a sustainable and economically viable solution for meeting heating demands. Asia, North America, and parts of the Middle East are witnessing a surge in solar district heating projects, driven by a combination of environmental goals, energy security considerations, and the desire to reduce dependence on fossil fuels.

In Asia, particularly in China, solar district heating projects have gained momentum as part of the broader strategy to transition to cleaner energy sources. In North America, several cities and municipalities are exploring solar district heating as a means to reduce carbon emissions and enhance urban sustainability.

This trend is indicative of a global shift towards decentralized and renewable heating solutions, transcending regional boundaries. As technology costs decrease and awareness of the environmental and economic benefits of solar district heating grows, the market is likely to witness further geographic diversification. The increased global interest in solar district heating is not only expanding market opportunities but also fostering knowledge-sharing and collaboration among international stakeholders, contributing to the overall advancement and acceptance of this sustainable heating technology on a worldwide scale.

Segmental Insights

System Insights

The Large-scale segment emerged as the dominating segment in 2023. Large-scale solar district heating systems are designed to cater to substantial heat demand in densely populated urban areas, industrial complexes, and regions with significant energy requirements.

Large-scale solar district heating systems typically have higher capacities, often exceeding several megawatts. These systems are characterized by extensive collector arrays, thermal storage facilities, and a well-developed distribution network to efficiently deliver heat to end-users.

Large-scale solar district heating systems may incorporate Concentrated Solar Power technologies, using mirrors or lenses to concentrate sunlight onto a small area. CSP allows for higher temperatures, making it suitable for industrial applications with elevated heat requirements.

Large-scale solar district heating systems are well-suited for serving the heating needs of densely populated urban areas and metropolitan districts. They contribute to sustainable urban development by reducing reliance on conventional heating sources and lowering carbon emissions.

In Europe, large-scale solar district heating projects have been successfully implemented in countries like Denmark, Germany, and Sweden. These projects often involve collaboration between municipalities, energy utilities, and industrial stakeholders to create extensive district heating networks.

The large-scale segment of the global solar district heating market represents a critical component in addressing the heat demand of urban areas and industries. Advances in technology, coupled with supportive policies and investment frameworks, will continue to drive the growth of large-scale solar district heating projects globally. The segment's success relies on addressing challenges through innovative financing models, technological advancements, and strategic collaborations among stakeholders.


Download Free Sample Report

Regional Insights

Europe emerged as the dominating region in 2023, holding the largest market share. European countries have implemented robust policies supporting the adoption of renewable energy, including solar district heating. Financial incentives, feed-in tariffs, and grants encourage both residential and commercial entities to invest in solar thermal projects. Europe has made significant commitments to reduce carbon emissions and transition to sustainable energy sources. The adoption of solar district heating aligns with these commitments, offering an effective way to decarbonize the heating sector. The focus on reducing dependence on imported fossil fuels for heating purposes has driven the adoption of solar district heating as a means of achieving energy independence and enhancing energy security.

European countries are witnessing ongoing advancements in collector technology, with a focus on improving efficiency and durability. Innovations in flat-plate and evacuated tube collectors contribute to the overall performance of solar district heating systems. European nations are investing in research and development to enhance the integration of solar district heating with existing heating infrastructure. This includes retrofitting existing systems and optimizing the compatibility of solar thermal technologies with various district heating setups.

Nordic countries have been leaders in solar district heating adoption. Denmark, in particular, has achieved remarkable success with its commitment to renewable energy and ambitious district heating goals. Opportunities exist for further expansion and collaboration among Nordic countries. Germany and Austria are actively promoting solar district heating projects. The integration of solar thermal systems with combined heat and power (CHP) plants is a notable trend, offering enhanced efficiency and energy utilization. Southern European countries, such as Spain and Italy, with higher solar irradiance levels, are exploring the potential of solar district heating to meet their heat demand. These regions offer opportunities for the deployment of solar thermal projects in both residential and commercial sectors.

The European Union's Renewable Energy Directives set binding targets for renewable energy adoption, providing a regulatory framework that encourages member states to incorporate solar district heating

Recent Developments

  • In November 2023, Estonian renewables company Enefit Green AS has agreed to sell its district heating operations in Paide, Estonia, and Valka, Latvia, in an effort to pursue growth in the wind and solar energy sectors in the region.

Key Market Players

  • Aalborg CSP A/S
  • Alfa Laval Corporate AB
  • Bosch Thermotechnology Ltd
  • Fortum Corporation
  • Göteborg Energi AB
  • LOGSTOR Denmark Holding A/S
  • Ramboll Group A/S
  • Savosolar plc
  • Soltigua SRL
  • Vattenfall AB   

By System

By End-User

By Region
  • Small-scale
  • Large-scale
  • Residential
  • Commercial
  • Industrial
  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Solar District Heating Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Solar District Heating Market, By System:

o   Small-scale

o   Large-scale  

  • Solar District Heating Market, By End-User:

o   Residential

o   Commercial

o   Industrial                     

  • Solar District Heating Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Solar District Heating Market.

Available Customizations:

Global Solar District Heating Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Solar District Heating Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Solar District Heating Market

5.         Voice of Customer

6.         Global Solar District Heating Market Overview

7.         Global Solar District Heating Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By System (Small-scale and Large-scale)

7.2.2.By End-User (Residential, Commercial and Industrial)

7.2.3.By Region (North America, Europe, South America, Middle East & Africa, Asia-Pacific)

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Solar District Heating Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By System

8.2.2.By End-User

8.2.3.By Country

8.3.    North America: Country Analysis

8.3.1.United States Solar District Heating Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.    By System

8.3.1.2.2.    By End-User

8.3.2.Canada Solar District Heating Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.    By System

8.3.2.2.2.    By End-User

8.3.3.Mexico Solar District Heating Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.    By System

8.3.3.2.2.    By End-User

9.         Europe Solar District Heating Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By System

9.2.2.By End-User

9.2.3.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Solar District Heating Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.    By System

9.3.1.2.2.    By End-User

9.3.2.France Solar District Heating Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.    By System

9.3.2.2.2.    By End-User

9.3.3.United Kingdom Solar District Heating Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.    By System

9.3.3.2.2.    By End-User

9.3.4.Italy Solar District Heating Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.    By System

9.3.4.2.2.    By End-User

9.3.5.Spain Solar District Heating Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.    By System

9.3.5.2.2.    By End-User

9.3.6.Netherlands Solar District Heating Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.    By System

9.3.6.2.2.    By End-User

9.3.7.Belgium Solar District Heating Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.    By System

9.3.7.2.2.    By End-User

10.      South America Solar District Heating Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1.     By System

10.2.2.     By End-User

10.2.3.     By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Solar District Heating Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1. By System

10.3.1.2.2. By End-User

10.3.2.     Colombia Solar District Heating Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1. By System

10.3.2.2.2. By End-User

10.3.3.     Argentina Solar District Heating Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1. By System

10.3.3.2.2. By End-User

10.3.4.     Chile Solar District Heating Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1. By System

10.3.4.2.2. By End-User

11.      Middle East & Africa Solar District Heating Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1.     By System

11.2.2.     By End-User

11.2.3.     By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Solar District Heating Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1. By System

11.3.1.2.2. By End-User

11.3.2.     UAE Solar District Heating Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1. By System

11.3.2.2.2. By End-User

11.3.3.     South Africa Solar District Heating Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1. By System

11.3.3.2.2. By End-User

11.3.4.     Turkey Solar District Heating Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1. By System

11.3.4.2.2. By End-User

12.      Asia-Pacific Solar District Heating Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1.     By System

12.2.2.     By End-User

12.2.3.     By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Solar District Heating Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1. By System

12.3.1.2.2. By End-User

12.3.2.     India Solar District Heating Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1. By System

12.3.2.2.2. By End-User

12.3.3.     Japan Solar District Heating Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1. By System

12.3.3.2.2. By End-User

12.3.4.     South Korea Solar District Heating Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1. By System

12.3.4.2.2. By End-User

12.3.5.     Australia Solar District Heating Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1. By System

12.3.5.2.2. By End-User

12.3.6.     Thailand Solar District Heating Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1. By System

12.3.6.2.2. By End-User

12.3.7.     Malaysia Solar District Heating Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1. By System

12.3.7.2.2. By End-User

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  Aalborg CSP A/S

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Alfa Laval Corporate AB

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  Bosch Thermotechnology Ltd

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Fortum Corporation

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Göteborg Energi AB

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  LOGSTOR Denmark Holding A/S

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  Ramboll Group A/S

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Savosolar plc

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

15.9.  Soltigua SRL

15.9.1.     Business Overview

15.9.2.     Key Revenue and Financials  

15.9.3.     Recent Developments

15.9.4.     Key Personnel/Key Contact Person

15.9.5.     Key Product/Services Offered

15.10.   Vattenfall AB

15.10.1.   Business Overview

15.10.2.   Key Revenue and Financials  

15.10.3.   Recent Developments

15.10.4.   Key Personnel/Key Contact Person

15.10.5.   Key Product/Services Offered

16.      Strategic Recommendations

17.      About Us & Disclaimer

Figures and Tables

Frequently asked questions

down-arrow

The market size of the Global Solar District Heating Market was USD 3.59 billion in 2023. Increasing awareness of climate change and the need to reduce greenhouse gas emissions have prompted governments worldwide to implement policies and incentives to promote renewable energy sources like solar power.

down-arrow

The Large-scale segment by system demonstrated significant dominance in 2023. Large-scale solar district heating systems are engineered to meet the substantial heat demand found in densely populated urban areas, industrial complexes, and regions characterized by significant energy needs.

down-arrow

Europe dominated the market in 2023. Market Expansion: The solar district heating market in Europe is expanding rapidly due to increasing awareness of renewable energy solutions and the need to reduce carbon emissions. Governments and organizations are implementing policies and incentives to encourage the adoption of solar thermal technologies for district heating systems.

down-arrow

Energy Efficiency, Demonstration Projects and Public Awareness and Cost Savings are some of the major drivers for the Global Solar District Heating Market.

Related Reports

profile

Parvati Sharma

Account Manager BD
Press Release

Solar District Heating Market is expected to grow at a CAGR of 9.73%

Jan, 2024

Global Solar District Heating Market is expected to grow owing to renewable energy targets to shift their energy mix towards sustainable sources by various countries throughout the forecast period

Why Choose Us