Top Companies in District Heating Market | Top Players of Industry Comprehensive Research Report by Vantage Market Research | Fortum, Vattenfall, ENGIE, etc

The district energy system is a system that supplies heat for temperature regulation in industrial and commercial spaces, as well as other heating applications in various end-use industries, in the form of hot water or steam.

Top Companies in District Heating Market | Top Players of Industry Comprehensive Research Report by Vantage Market Research | Fortum, Vattenfall, ENGIE, etc
district heating market


The Global District Heating Market is valued at USD 170.6 Billion in the year 2021 and is forecasted to reach a value of USD 207.2 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 3.3% over the forecast period. District heating is an underground infrastructure asset where thermal energy is provided to multiple buildings from a central energy plant or plants. Steam or hot water produced at the plant is transmitted 24/7 through highly insulated underground thermal piping networks.

Due to the challenges of the COVID-19 pandemic faced by the {{keyword}} Market scarcity of workforce and countrywide lockdown, the International District Energy Association (IDEA), helping organizations and individuals prioritize resources to safeguard the plants' safe and stable District Heating operation.

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Some of the key players operating in the District Heating Market are listed below:

Company Name

Revenue in the US

  • Fortum

$95 Billion

  • Vattenfall

$18 Billion


$67 Billion

  • Danfoss

$7 Billion

  • NRG Energy 

$22 Billion

  • Statkraft

$5 Billion

  • Shinryo Corporation

<$5 Million


$111 Million

  • Vital Energi

$191 Million

  • Kelag

$1 Billion


  1. Fortum 

Fortum is a Finnish energy company that operates power plants, which use renewable energy sources (hydro, nuclear, and solar power) to sell electricity, heat, cooling, and power products and services. The company mainly operates in Nordic and Baltic countries, Russia, Poland, and India. Its main divisions of the company are generation (large-scale power production), city solutions (sustainable energy solutions), Russia (all Russian operations), technology and new ventures (research and development and in-house incubator for startups), mergers and acquisitions, and solar and wind development. The company operating segments are Generation, City Solutions, Consumer Solutions, Russia, Uniper, and Other. Most of the company's sales are derived from the Uniper segment. It was founded in 1998 and is based in Espoo, Finland. 

  1. Vattenfall 

Vattenfall is a European energy company. For more than 100 years it has electrified industries, supplied energy to people's homes, and modernized a way of living through innovation and cooperation. It is determined to enable fossil-free living within one generation. To succeed it must become fossil-free for consumers. It was founded in 1909 and is based in Sweden.

  1. ENGIE 

ENGIE engages in the power, natural gas, and energy services businesses. It operates through Renewables, Networks, Energy Solutions, Thermal, Supply, Nuclear, and Others segments. The Renewables segment comprises renewable energy generation activities, including financing, construction, operation, and maintenance of renewable energy facilities using various energy sources, such as hydroelectric, onshore wind, photovoltaic solar, biomass, offshore wind, and geothermal. The company was founded in 1880 and is headquartered in Courbevoie, France.

  1. Danfoss

Danfoss offers HVAC products. The Company develops and manufactures District Heating and cooling, power modules, centrifugal and reciprocating compressors, high-pressure pumps, condensing units, refrigeration and air conditioning, motors, and other related products. Danfoss serves customers worldwide. It was founded in 1933 and its headquarter is in Nordberg, Denmark.

  1. NRG Energy 

NRG Energy, Inc. engages in the production, sale, and distribution of energy and energy services. It operates through the following segments: Generation, Retail, and Corporate. The Generation segment includes all power plant activities, domestic and international, as well as renewables. The Retail segment includes mass customers and business solutions, and other distributed and reliable products. The Corporate segment includes residential solar and electric vehicle services. The company was founded in 1989 and is headquartered in Princeton, NJ.

  1. Statkraft

Statkraft is a leading company in hydropower internationally and Europe’s largest generator of renewable energy. The Group produces hydropower, wind power, solar power, and gas-fired power, and supplies District Heating. Statkraft is a global company in energy market operations. It was founded in 1992 and its headquarter is in Oslo, Norway.

  1. Shinryo Corporation

Shinryo Corporation operates in the field of Business Services Plant and Equipment and focuses on the Heating Ventilation Air Conditioning (HVAC) industry. The Company also works on developing not only air conditioning but also plumbing, drainage, electrical systems lighting, and power plant systems technologies by linking their group companies. It was founded in 1990 and its headquarter is in Shinjuku City, Tokyo, Japan.


LOGSTOR manufactures pre-insulated pipe systems. The Company distributes pre-insulated pipes, joints, and fittings for District Heating and cooling, oil, gas, solar, marine, and industrial purposes, as well as provides tools, installation, and technical services. LOGSTOR serves shipping, oil, and gas industries worldwide. It was founded in 1998 and its headquarter is in Nordjylland, Denmark.

  1. Vital Energi

Vital Energi is an award-winning energy company specializing in renewable and sustainable energy solutions across all sectors. With over 30 years of experience in delivering heat networks, Vital Energi has developed a suite of innovative products including one of the most efficient Heat Interface Units on the market which is certified by BESA, vTherm°. VTherm° is supported by customer and client service solutions, consisting of metering and billing, operation and maintenance, and the new Smart App and Portal, Glass. It was founded in 2000 and its headquarter is in the United Kingdom.

  1. Kelag

Kelag is an Austrian energy supply company. The Group companies are active in the fields of electricity, gas, and heat throughout Austria, with a focus on Carinthia. Kelang AG was founded in 1970. The Company's line of business includes manufacturing fabricated structural metal and steel or other metal products for structural purposes. Headquarters is in Himachal Pradesh.

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