Home > Industrial Machinery > HVAC > District Heating and Cooling > Solar District Heating Market

Solar District Heating Market Share

Report ID: GMI3512
Published Date: Dec 2024
Report Format: PDF

Download Free Sample

Solar District Heating Market Share

Solar District Heating Company Market Share Analysis, 2024

The solar district heating industry is experiencing significant growth, driven by the increasing demand for renewable energy solutions and the global push for decarbonization. Companies in the sector are focusing on innovative technologies, such as advanced solar collectors and thermal storage systems, to improve system efficiency, reduce costs, and enhance sustainability. The adoption of solar district heating is expanding across both residential and commercial sectors, supported by favorable government policies and incentives for renewable energy infrastructure.

Solar District Heating Market Companies

Major players operating in the solar district heating industry are:

Aalborg CSP
Fortum
Goteborg Energy
Kelag Energy
Keppel DHCS
Korea District Heating
Logstor
NRG Energy
Ramboll Group
RWE
Savosolar
Shinryo
Statkraft
STEAG
Vattenfall

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of solar district heating reached USD 6.9 billion in 2024 and is set to grow at a 7.2% CAGR from 2025 to 2034, driven by robust policy incentives and supportive regulatory frameworks for renewable energy systems.

The small system segment is expected to exceed USD 12.5 billion by 2034, fueled by the expansion of residential and commercial developments and the increasing adoption of district heating systems.

The U.S. market is set to surpass USD 550 million by 2034, led by rising demand for energy-efficient heating solutions and government initiatives targeting greenhouse gas emission reductions.

The key players in the market include Aalborg CSP, Fortum, Goteborg Energy, Kelag Energy, Keppel DHCS, Korea District Heating, Logstor, NRG Energy, Ramboll Group, RWE, Savosolar, Shinryo, Statkraft, STEAG, and Vattenfall.