District Heating Pipeline Network Market Update, Analysis, Forecast, 2022-2028

in district •  3 years ago 

The district heating pipeline network market is slated to expand considerably by 2028 on account of prevailing government regulations in support of zero-emission buildings globally.

District heating provides numerous economic and environmental benefits, including low maintenance costs, significant carbon reduction, greater efficiency, better air quality, reduced dependency on fossil fuels, and enhanced building energy ratings. Growing government incentives to promote the adoption of district heating systems has augmented industry expansion over the past few years.

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The district heating pipeline network market has been segmented on the basis of application, pipe, diameter, and region. In terms of pipe, the market has further been divided into polymer and pre-insulated steel. The polymer sub-segment is slated to witness sturdy growth over the assessment timeline. Prevalent adoption of polymer pipes owing to their high thermal insulation and flexibility is likely to propel segmental expansion over the forthcoming years.

From the diameter point of view, the district heating pipeline network market has been bifurcated into 20 - 100 mm, 101 - 300 mm, and ≥300 mm. The 20 - 100 mm sub-segment is projected to progress at a significant growth rate through the review period to reach a notable valuation by the end of 2028. This growth is attributed to the rising number of multi-family apartments across developing nations. The ≥300 mm sub-segment is estimated to amass substantial gains by the end of the study period. Proliferating number of industrial establishments across emerging economies would drive the demand for larger diameters pipes for heating, which is set to foster segmental outlook.

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With respect to application, the market has been classified into industrial, residential, and commercial. The residential sub-segment is expected to develop at a considerable CAGR over the analysis timespan to account for a sizable market share by 2028. Rapidly expanding urban population primarily across developing nations is speculated to fuel segmental expansion in the coming time period. The district heating pipeline network market from the industrial sub-segment is set to exhibit a solid growth trajectory through the analysis period due to widespread industrialization across developing nations.

On the regional front, the Europe district heating pipeline network industry is anticipated to observe exponential growth over the projected timeline owing to declining surface temperatures, mainly across the northern parts of the European continent. Moreover, stringent environmental regulations to reduce greenhouse gas emissions are likely to boost product uptake over the next few years.

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Meanwhile, Asia Pacific is poised to garner a significant share in the global district heating pipeline network sector by the end of 2028 due to rapid urban area development in the APAC region. Additionally, increasing government emphasis on sustainable heating technologies is estimated to drive regional market development.

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