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Solar District Heating Market Share

Report ID: GMI3512
Published Date: May 2023
Report Format: PDF

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Solar District Heating Market Share

The key players operating across the solar district heating market include

Aalborg CSP
Savosolar
Vattenfall AB
STEAG GmbH
Statkraft
Shinryo Corporation
NRG Energy, Inc.
RWE
Ramboll Group A/S
Ørsted A/S
LOGSTOR A/S
Keppel Corporation Limited
Korea District Heating Corporation
Göteborg Energi
KELAG Energie
Wärme GmbH
Fortum

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of solar district heating surpassed USD 4.9 billion during 2022 and could register around 8.5% CAGR through 2023-2032, owing to robust policy incentives from governments and better frameworks for deploying renewable energy systems.

It is estimated that the small-scale district heating segment will witness over 4.5% CAGR through 2023-2032, due to higher investments in commercial and residential projects in Tier II and Tier III cities.

Residential solar district heating market share was more than USD 2 billion in 2022 and will see higher growth over the coming years with the adoption of sustainable building management solutions and rising internet heat loads.

Some of the leading companies in the market include NRG Energy, Inc., Korea District Heating Corporation, Vattenfall AB, Shinryo Corporation, Statkraft, and Keppel Corporation Limited.