Vital Energi

Dec 2, 2022

Major Players Fortum, Vattenfall AB, Engie, Danfoss, Clearway Energy Inc., Statkraft, SHINRYO CORPORATION, LOGSTOR A/S, Vital Energi Ltd., Kelag, among others. Segmentation Analysis Pre-insulated Steel [20 – 100 mm, 101 – 300 mm, ≥300 mm] segment is expected to be the fastest growing segment in 2021. The pipe segment includes pre-insulated Steel [20 – 100 mm, 101 – 300 mm, ≥300 mm], polymer [20 – 100 mm, 101 – 300 mm, ≥300 mm]. The pre-insulated Steel [20 – 100 mm, 101 – 300 mm, ≥300 mm] segment is expected to witness the highest growth rate during the forecast period. The pre-insulated steel pipes come in a wide range of diameters ranging from 20 mm to 1,200 mm, increasing their demand in the market. The 101-300 mm segment is expected to be the fastest-growing segment in 2021. The diameter segment includes online 0 – 100 mm, 101 – 300 mm, and ≥300 mm. The 101 – 300 mm segment is expected to witness the highest CAGR during the forecast period. The 101 - 300 mm diameter pipes segment has been growing owing to the increasing investments in residential and commercial establishments. Moreover, the pipes of this diameter help reduce the heat losses coupled with significant investment by manufacturers in developing innovative insulating materials. The Commercial segment is expected to be the fastest growing segment in 2021. The application segment includes residential, commercial [College/University, Office Buildings, Government/Military], and industrial [Chemical, Refinery, Paper]. The ongoing development of IT parts, SEZs, and data centers are expected to increase the demand for district heating pipes. Furthermore, stringent government regulations supplement the growth of this segment. Regional Analysis                                                          The regional analysis provides a detailed perception of the key regions and the countries. Some of the key countries analyzed for District Heating Pipes include the US, Canada, Mexico, Germany, France, the U.K., Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa, and Saudi Arabia. Asia Pacific region witnessed a major share. The increasing government initiatives to reduce carbon emission propel the market’s growth in the region Furthermore, the increasing demand for energy-efficient and cost-effective heating solutions coupled with growing urbanization propels the market’s growth region. The increasing developments of IT parts, SEZs, and data centers also propel the market’s growth in the region. However, North America is expected to witness a considerable growth rate during the forecast period. Increasing developmental activities in the region propel the market’s growth. Furthermore, strict regulations toward reducing carbon emissions add impetus to the market’s growth. Country Analysis Germany Germany's District Heating Pipes market size was valued at USD 63.5 billion in 2021 and is expected to reach USD 92.3 billion by 2029, at a CAGR of 4.8% from 2022 to 2029. Germany's district heating pipe market will increase due to the growing concern toward limiting carbon emissions and favorable government policies. Increasing investments in developing new infrastructure facilities and manufacturing units will favor the market’s growth. Additionally, the presence of high penetration of variable renewable energy sources will energize the industry dynamic. China China's District Heating Pipes market was valued at USD 82.79 billion in 2021 and is expected to reach USD 114.1 billion by 2029, at a CAGR of 4.1% from 2022 to 2029. China is one of the largest District Heating Pipes markets. This is mainly attributed to the rising urbanization and industrialization in the region coupled with the increasing population. There is a huge demand for heat in the region which is fulfilled using the  Combined heat and power (CHP), heat-only boiler (HOB), and heat pumps (HPs). India India's District Heating Pipes market size was valued at USD 65.4 billion in 2021 and is expected to reach USD 91.48 billion by 2029, at a CAGR of 3.8% from 2022 to 2029. India is one of the strongest growing economies in Asia. In addition, rising awareness regarding the increasing carbon emission increases the need for renewable sources of heat production. Rapid urbanization and industrialization across the country will further supplement the market’s growth. Covid-19 Impact                                                                              Covid-19 had a major impact on almost all the industries, such as electronics, semiconductors, manufacturing, automobile, etc. However, several companies operating in the healthcare sector have seen increased revenue due to significant changes in consumer preferences toward healthcare services. In addition, the pandemic has led to significant healthcare spending growth across developing and developed countries. Furthermore, the rising concerns about the increasing carbon emissions coupled with growing government initiatives toward the acceptance of district heating pipes will boost the market’s growth. 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