According to the research report titled ‘Solar District Heating Market Size By System, By Application (Residential, Commercial [College/University, Office Buildings, Government/Military], Industrial [Chemical, Refinery, Paper]) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share, & Forecast, 2019 – 2025’, available with Market Study Report, global solar district heating market is projected to expand substantially between 2019-2025, thereby amassing USD 7 billion by the year 2025.
 

Rising adoption of sustainable energy systems, along with strict regulations to control emissions are key factors stimulating global solar district heating market growth. Moreover, poor climatic conditions due to global warming, alongside introduction of green building codes & standards will also augment industry expansion.
 

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Citing an instance, the Affordable Clean Energy (ACE) rule was announced by the U.S. Environmental Protection Agency (EPA) in 2019 to reduce GHG emissions. The ACE rule is a replacement of the Clean Power Plan launched in 2015, with an aim to compel the states to utilize previously decided technologies to control carbon emissions and enhance heat rate.
 

Moreover, paradigm shift towards solar thermal energy across communities and districts leading to inflowing investment towards deployment of equipment for commercial and residential application, in consort with swift industrial development will spur the growth of worldwide solar district heating industry.
 

Regionally speaking, the United States solar district heating market is projected to record 6% CAGR through 2025 due to rising investments towards establishment of residential and commercial facilities, and surging demand for sustainable & efficient heating infrastructure. Moreover, stringent carbon emission standards and supportive federal policies will also augment the regional market share.
 

Meanwhile, Asia Pacific solar district heating industry is projected to grow rapidly over the analysis timeframe, owing to rapid industrialization in developing countries leading to increase in disposable incomes and urbanization with higher standard of living. Furthermore, growing primary energy consumption, demographic changes, and rising investment in construction and industrial sectors will also contribute to the market expansion in APAC.
 

Key players profiled in the global solar district heating market report are Fortum Oyj, Arcon-Sunmark A/S, LOGSTOR A/S, Shinryo Corporation, Korea District Heating Corporation, NRG Energy Inc., Ramboll Group A/S, Vattenfall AB, RWE AG, Aalborg CSP A/S, Statkraft A/S, Savosolar Oyj, STEAG GmbH, Keppel DHCS Pte Ltd., Ørsted A/S, Göteborg Energi AB, and KELAG Energie & Wärme GmbH.