District Heating and Cooling Market: Big Players Likely to Up Competition
Big plant operators and private operators are predicted to start manufacturing DHC systems
ALBANY, N.Y. — To gauge the competitive dynamics in the global district heating and cooling (DHC) market, the DHC system manufacturers, project contractors, and plant operators in the supply chain will have to be factored in, states a report by Transparency Market Research (TMR). In the coming years, big plant operators and private operators are predicted to start manufacturing DHC systems, which in turn, would likely heat up the competition. Competition would also be turned up by newer cutting-edge technologies, subsidies, and incentives.
Under such a scenario, new entrants without proper government support or large-scale infrastructure project handling capacity might find it difficult to gain a foothold in the market. This is because maximum risk is posed during the construction phase, which requires astute developers with sound financial standing. Some of the big names operating in the industry are ADC Energy Systems LLC, Emirates Central Cooling Systems Corporation (EMPOWER), Emirates National Central Cooling Company PJSC (Tabreed), KELAG Wärme GmbH, and Keppel DHCS Pte. Ltd.