Renewable Heating Market 2019 Global Analysis, Trends, Forecast up to 2025
Category: #business  By Partha Ray  Date: 2019-10-22
  • share
  • Twitter
  • Facebook
  • LinkedIn

Renewable Heating Market 2019 Global Analysis, Trends, Forecast up to 2025

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.

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.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/3499

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.

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.

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.

Contact Us

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: mailto:[email protected]

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

...

Read More

More News By Partha Ray

What are the factors and trends playing a role in the evolution of the Hydrazine Hydrate Market
What are the factors and trends playing a role in the evolution of the Hydrazine Hydrate Market
By Partha Ray

Hydrazine Hydrate Market is anticipated to witness significant growth during the forecast period. Asia Pacific at the growth forefront, agrochemical applications are foreseen to boost overall hydrazine hydrate industry share in the years ah...

To 2024, Liquid Pouch Packaging Market Size in Europe will witness over 5.6% CAGR
To 2024, Liquid Pouch Packaging Market Size in Europe will witness over 5.6% CAGR
By Partha Ray

Europe Liquid Pouch Packaging Market is predicted to observe healthy CAGR during the forecast period. Necessity for the small and convenient packing solutions due to changing lifestyles are the factors fueling the product scope. Increasing food safet...

Personal Care Ingredients Market to achieve considerable growth in 2024, APAC to register extensive growth via cosmetics sector
Personal Care Ingredients Market to achieve considerable growth in 2024, APAC to register extensive growth via cosmetics sector
By Partha Ray

The massive application scope of Personal Care Ingredients Market spans skin care, hair care, and cosmetics, especially across the APAC belt.  APAC product sales are likely to soar high during the forecast period, owing to the extensive demand f...