Renewable Heating Market - Forecast(2024 - 2030)

Report Code: EPR 0103 Report Format: PDF + Excel

Renewable Heating Market Overview:

The Renewable Heating Market is expected to grow at a CAGR of 11%, the market value projected to increase is from USD $1500 Million in 2022 to USD $3500 Million by 2032. The growth of the market is being driven by the increasing demand for sustainable and clean energy sources, the rising awareness about the environmental impact of fossil fuels, and the government regulations promoting the use of renewable energy. The renewable heating market is segmented by source, application, and region. By source, the market is segmented into biomass, solar thermal, geothermal heat pumps, and heat recovery. Biomass is the leading segment, accounting for the largest share of the market. This is due to the increasing availability of biomass resources, the government support for biomass projects, and the rising demand for sustainable energy.

The renewable heating market is facing some challenges, such as the high initial investment cost, the lack of skilled labor, and the limited availability of renewable energy resources. However, the market is expected to grow in the coming years due to the increasing demand for sustainable and clean energy sources.

Market Snapshot:               
Renewable Heating Market - Report Coverage:

The “Renewable Heating Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Renewable Heating Market.

Attribute

Segment

By Type

  • Hydroelectric Power

  • Wind Power

  • Bioenergy

  • Solar Energy

  • Geothermal Energy



By End use

  • Residential

  • Commercial

  • Industrial

  • Others







By Geography

  • North America (U.S., Canada and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe),

  • Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific),

  • South America (Brazil, Argentina, Chile, Colombia and the Rest of South America)

  • Rest of the World (Middle East and Africa).


Renewable Heating Market - Top Trends


Increasing demand for heat pumps: Heat pumps are becoming increasingly popular as a renewable heating option. They are efficient and can provide heating and cooling, making them a versatile solution for both residential and commercial applications.

Growth of solar thermal energy: Solar thermal energy is another promising renewable heating option. It is a clean and sustainable way to heat water and space.

Expansion of district heating networks: District heating networks are a way to distribute heat from a central source to multiple buildings. They are a more efficient way to heat buildings than individual heating systems.

Development of new technologies: There are a number of new technologies being developed that could have a significant impact on the renewable heating market. These include biomass gasification, geothermal heat pumps, and waste heat recovery.

Government regulations: Governments around the world are increasingly imposing regulations that promote the use of renewable energy. This is driving the growth of the renewable heating market.

Public awareness: There is a growing awareness among the public about the importance of using sustainable energy sources. This is also driving the growth of the renewable heating market.

Cost reduction: The cost of renewable heating technologies is decreasing. This is making them more affordable and accessible to a wider range of people.

Technological advancements: There are continuous technological advancements in the renewable heating sector. These advancements are making renewable heating systems more efficient and reliable.

 

The Renewable Heating Market - Company Analysis

The company analysis in the Renewable Heating Market involves an in-depth study of the leading companies operating in the market. It includes a detailed analysis of the company's business overview, financial performance, product portfolio, market share, strategic initiatives, and SWOT analysis. The aim of the company analysis is to provide a comprehensive understanding of the competitive landscape of the Renewable Heating Market and help market players make informed decisions. It also provides insights into the market strategies of the key players and their impact on the overall market growth.

The key players in the renewable heating market are Viessmann Group, Vaillant Group, Danfoss A/S, Bosch Thermotechnology GmbH, A. O. Smith Corporation, NIBE Industrier AB, Daikin Industries, Ltd., Carrier Corporation, Ariston Thermo Group, and Lennox International Inc. These players are focusing on expanding their product portfolio, investing in research and development, and acquiring smaller players to strengthen their position in the market.

Key Market Players:

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Renewable Heating Market adopt. The top 10 companies in Renewable Heating Market are listed below:

  1. Viessmann Group
  2. ABB
  3. Vaillant Group
  4. Danfoss A/S
  5. Bosch Thermotechnology GmbH
  6. A. O. Smith Corporation (US)
  7. NIBE Industrier AB
  8. Daikin Industries, Ltd.
  9. Carrier Corporation
  10. Ariston Thermo Group
  11. Lennox International Inc.
  12. BDR Thermea Group
  13. Stiebel Eltron
  14. Uponor Corporation
  15. Immergrün Group
  16. Remeha
  17. Wolf Thermtechnik GmbH
  18. Kermi Group
  19. Hoval
  20. Elco Heating

Scope of the Report:

Report Metric

Details

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

11%

Market Size in 2030

USD $3500 Million

Segments Covered

Type, End Use, and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. ABB

  2. Acciona

  3. EDF

  4. Enel Spa

  5. General Electric

  6. Innergex

  7. Senvion S.A.

  8. Sinovel Wind Group Co., Ltd.

  9. Tata Power Company Limited

  10. UpWind Solutions Inc.


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1. Renewable Heating Market Overview
    1.1 Definitions and Scope
2. Renewable Heating Market – Executive Summary
3. Renewable Heating Market – Market Landscape
    3.1 Company Benchmarking – Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis – Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4.Renewable Heating Market – Startup Company Scenario 
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Renewable Heating Market – Market Entry Scenario Premium
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Renewable Heating Market – Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Renewable Heating Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Renewable Heating Market – By Type (Market Size - $Million/$Billion)
    8.1 Hydroelectric power
        8.1.1 Key Market Trends, Growth Factors and Opportunities
        8.1.2 Market Size & Forecast by Region
    8.2 Wind power
        8.2.1 Key Market Trends, Growth Factors and Opportunities
        8.2.2 Market Size & Forecast by Region
    8.3 Bioenergy
        8.3.1 Key Market Trends, Growth Factors and Opportunities
        8.3.2 Market Size & Forecast by Region
    8.4 Solar Energy
        8.4.1 Key Market Trends, Growth Factors and Opportunities
        8.4.2 Market Size & Forecast by Region
    8.5 Thermal Energy
        8.5.1 Key Market Trends, Growth Factors and Opportunities
        8.5.2 Market Size & Forecast by Region
    8.6 Others
        8.6.1 Key Market Trends, Growth Factors and Opportunities
        8.6.2 Market Size & Forecast by Region
9. Renewable Heating Market –By End use(Market Size - $Million/$Billion)
    9.1 Residential
        9.1.1 Key Market Trends, Growth Factors and Opportunities
        9.1.2 Market Size & Forecast by Region
    9.2 Commercial
        9.2.1 Key Market Trends, Growth Factors and Opportunities
        9.2.2 Market Size & Forecast by Region
    9.3 Industrial
        9.3.1 Key Market Trends, Growth Factors and Opportunities
        9.3.2 Market Size & Forecast by Region
    9.4 Others
9.4.1 Key Market Trends, Growth Factors and Opportunities
        9.4.2 Market Size & Forecast by Region
10. Renewable Heating Market – by Geography (Market Size - $Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 U.K.
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Renewable Heating Market – Market Entropy
    11.1 New product launches
    11.2 M&A’s, collaborations, JVs and partnerships
12. Renewable Heating Market – Industry Competition Landscape 
    12.1 Market Share Analysis
        12.1.1 Market Share by Technology – Key Companies
        12.1.2 Market Share by Country – Key Companies
        12.1.3 Market Share by Region – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Renewable Heating Market – Key Company List by Country Premium
14. Renewable Heating Market – Company Analysis
    14.1 Viessmann Group 
    14.2 ABB 
    14.3 Vaillant Group 
    14.4 Danfoss A/S 
    14.5 Bosch Thermotechnology GmbH 
    14.6 A. O. Smith Corporation (US) 
    14.7 NIBE Industrier AB 
    14.8 Daikin Industries, Ltd. 
    14.9 Carrier Corporation 
    14.10 Ariston Thermo Group 
    14.11 Lennox International Inc. 
    14.12 BDR Thermea Group 
    14.13 Stiebel Eltron 
    14.14 Uponor Corporation 
    14.15 Immergrün Group 
    14.16 Remeha 
    14.17 Wolf Thermtechnik GmbH 
    14.18 Kermi Group 
    14.19 Hoval 
    14.20 Elco Heating
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The Renewable Heating Market is forecast to grow at 11% during the forecast period 2023-2030.

The Global Renewable Heating Market size is predicted to be $1500 Million in 2023 and is projected to reach $3500 Million by 2030.

The leading players in the Renewable Heating Market are ABB, Acciona, EDF, Enel Spa , General Electric and other.