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Renewable Heating Market Industry Analysis Research and Trends Report For 2019-2025

Author : Rahul Sankrityayan | Published Date : 2019-09-13 

Renewable Heating Market report gives attention to market segmentation, market size, and forecast of 2018-2024 to help stakeholders in making a good decision for the future investments. The industry report segmented into types, application, and regions with providing production, revenue, import/export.

Renewable Heating Market will grow on account of increasing environmental impacts of fossil fuels including degradation, green-house gas emissions and severe climate change conditions. Rapid urbanization and economic growth in the developing countries are amongst the prime factors driving the industry landscape.

Renewable heating for home, industrial and other applications account for nearly 40-50% of the total energy consumption. Heat Network Infrastructure, an important application is technology neutral and work on a variety of fuels ranging from Combined Heat and Power (CHP) to renewable heat and urban recovered heat.

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Introduction of sustainable energy targets including 2°C Scenario (2DS) goals by International Energy Agency (IEA) will drive the renewable heating market growth. In 2018, UK introduced the Renewable Heat Incentive (RHI) that is refocused to incentivize the cost-effective generation of renewable heat with an aim to meet 2020 energy target. Growing need for renewable sources for heating specifically in pulp, paper industry will further stimulate the industry scenario.

Rising focus toward sustainability and introduction of energy efficiency norms will complement renewable heating market growth. For instance, EU introduced The European Technology & Innovation Platform on Renewable Heating & Cooling (RHC_ETIP) thereby enhancing the overall business outlook. In addition, Germany has the highest consumption of energy owing to the presence of industries including chemical & automobile. Further, Sweden and Austria have observed an increase in biofuel production which is projected to strengthen the industry scenario.

Growing industrialization, implementation of stringent regulations and fueling demand for energy are the prominent factors driving the Asia-Pacific region renewable heating market growth. China accounts for a major share on account of increasing consumption of renewable heat owing to the rising solar thermal installations. Implementation of Energy Conservation Building Code to regulate some it’s the state’s construction activities will further complement the business outlook.

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Crucial factors including economic constraints comprising infrastructure investment, day to day operations & market costs of supply may act as barriers to the renewable heating market growth. However, projects including Heat Networks Investment Project (HNIP) offer loans and grants to both public and private sectors for the networks serving two or more buildings. Moreover, ongoing research and development activities toward decarbonization of heating will positively influence the business landscape.

Eminent participants in renewable heating market includes General Electric, ABB Ltd., The Tata Power Company Limited (Tata Power), Enel Spa (Enel), Innergex, Xcel Energy Inc., EDF, Geronimo Energy, Acciona, Vestas Wind Systems A/S, Invenergy, UpWind Solutions Inc., Sinovel Wind Group Co., Ltd. , Senvion S.A., and ENERCON GmbH.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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