Market Share of District Heating Industry
The district heating market is moderately competitive and has many global and regional players. These companies are working hard to broaden their consumer base globally. To gain a competitive advantage during the predicted term, they also prioritize R&D expenditure in developing innovative solutions, strategic collaborations, and other organic and inorganic growth tactics.
In May 2023, Vattenfall AB and Coca-Cola announced the collaboration in Sweden and have set ambitious climate targets for net zero emissions across their entire value chains by 2040. The companies have initiated a pilot project with three charging stations to meet the need for powering electric transport.
In March 2023, NRG Energy Inc completed its acquisition of Vivint Smart Home, Inc. by accelerating NRG's consumer-focused growth strategy and offering consumers simple, connected experiences to power, protect, and manage their homes intelligently. NRG is at the intersection of energy and home services, with a unique end-to-end smart home ecosystem underpinned by our exceptional customer experience.
District Heating Market Leaders
-
Vattenfall AB
-
Danfoss Group
-
SP Group
-
Engie
-
NRG Energy Inc.
*Disclaimer: Major Players sorted in no particular order
