Xin Lang Cai Jing·2025-12-30 00:16Core Insights - The core viewpoint of the article is that China's thermal energy consumption is projected to reach 9.1 billion gigajoules in 2024, with significant implications for the industrial heating market and the energy sector overall [1] Group 1: Thermal Energy Consumption - China's thermal energy consumption in 2024 is estimated to be 9.1 billion gigajoules, with residential and industrial sectors accounting for approximately 20% and 75% respectively [1] - The industrial heating market size is projected to be 490.8 billion yuan, equivalent to about 25 million tons of steam [1] Group 2: Heating Efficiency and Market Dynamics - China's per capita heating energy consumption is 67% lower than the average of major global economies, indicating potential for growth in heating demand [1] - The price advantage of natural gas in the U.S. compared to coal in China suggests that an increase in clean heating proportions could support higher heating intensity in China [1] Group 3: Future Market Contributions - The industrial heating market serves as an effective supplement for thermal power, nuclear power, and waste incineration, with the profitability of heating operations for power generation companies expected to increase during periods of declining electricity prices [1] - By 2030, it is estimated that thermal power, nuclear power, waste incineration, and biomass power generation units could contribute an additional 225.9 billion yuan to the industrial heating market [1]