The features a low concentration of component suppliers with no big players. Most companies operate at local or regional levels where proximity to consumers helps avoid extra operational costs and efficiency losses, states Transparency Market Research in a new report. The market dynamics are highly susceptible to changes in terms of technology and scale of projects. “As DHC systems mostly belong to state-owned entities, government support and funding play a key role in operational efficiency of a DHC project,” states a TMR analyst.

TMR estimates that the global market for direct heating and cooling systems will exhibit a 5.8% CAGR and a 6.2% CAGR over the period between 2016 and 2024, in terms of energy sales volumes and revenue, respectively. At this pace, the market is expected to rise to a revenue-wise valuation of US$243,428.3 mn by 2024. In terms of energy sales volume, the market is expected to reach 12,187,491.8 tera joules by 2024.

The segment of district heating is presently the leading technology in the market, accounting for a share of over 90% in the global market in 2015. In the same year, Asia Pacific accounted for a dominant share of over 55% of the global market in 2015. Of the key distribution machines and tools utilized in DHC systems, the segment of pipes leads with a 60% share in global market’s overall revenues owing to constant expansion of pipeline infrastructure, falling prices of pipes, and the need for timely renovations of distribution networks.

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