Promise of High ROI Prompts Sizeable Investments in District Heating and Cooling Systems, Market to exceed US$229.4 bn globally by 2023.

Transparency Market Research has released a new market report titled District Heating and Cooling Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 - 2023. The report defines and segments the district heating and cooling market, providing analysis and forecasts of the global sales volume and revenue. According to the report, the global district heating and cooling market stood at US$142.6 bn in 2014 and is likely to reach US$ 229.4 bn by 2023, expanding at a CAGR of 5.7% between 2015 and 2023.

The global district heating and cooling market has been segmented on the basis of technology into district heating system and district cooling system. District heating and cooling systems provide services such as space heating, space cooling, hot water, and chilled water. Overall cost savings, high return on investment (ROI), and flexibility of fuel options have augmented the global district heating and cooling market. Additionally, government incentives and strict environmental laws have boosted the demand for district heating and cooling systems.

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Moreover, increasing awareness among consumers about district heating and cooling systems has also boosted the demand for district heating and cooling systems. Higher installation and capital costs are anticipated to hamper the global district heating and cooling market in the near future. District heating system was the largest technological segment of the global district heating and cooling market, accounting for more than 90% of the market share in 2014.

In terms of geography, the global market for district heating and cooling has been segmented into North America, Europe, Asia Pacific, and Rest of World (RoW). Asia Pacific accounted for more than 50% of the global district heating and cooling market share in 2014. However, the district heating and cooling market in RoW is anticipated to grow at the fastest rate during the forecast period. Asia Pacific is anticipated to be the second-fastest growing market for district heating and cooling during the forecast period.

Some of the leading companies in the global district heating and cooling market include ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates District Cooling LLC (Emicool), Emirates National Central Cooling Company PJSC (Tabreed), KELAG Wärme GmbH, Keppel DHCS Pte. Ltd., Logstor A/S, Ramboll Group A/S, Shinryo Corporation, and Tekla Corporation. The report provides an overview of these companies, followed by their financial revenues (on availability), business strategies, and recent developments. The global district heating and cooling market has been segmented as follows:

Browse the full District Heating and Cooling Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2015 – 2023 report at : http://www.transparencymarketresearch.com/district-heating-cooling-market.html

Global District Heating and Cooling Market: Regional Analysis

• North America
• Europe
• Asia Pacific
• Rest of World (RoW)

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