The report “District Heating Market: By Size, Trends, Share, Growth, Segments, Industry Analysis and Forecast, 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth. The report describes District Heating Market size, historical trends, industry advancements, segmentation analysis, new opportunities, factors controlling the market, and developments. The report analysts have provided a detailed District Heating Market segmentation assessment of the market based on type, application, and geography. Client needs with an understanding of market capacities are ensured in this analytical study.
According to the research report, the global district heating market was valued at USD 165.19 billion in 2022 and is expected to reach USD 286.87 billion by 2032, to grow at a CAGR of 5.7% during the forecast period.
The rapid increase in the heat source diversification mainly form fossil fuels to renewables, electricity, and others and integration of various large-scale heat pumps along with the extensive rise in transition from third generation to fourth generation district heating, are major factors projected to drive market growth in the near future.
Moreover, the growing prevalence of strict regulations aimed at improving the building energy efficiency with the use of sustainable technologies coupled with the growing focus on the upgradation and development related activities of energy and heating by key market players will further likely to boost the demand and growth significantly.
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Top Key Players:
- Danfoss Group
- Dall Energy
- Helen
- Alfa Level
- FVB Energy Inc.
- Vital Energi
- Shinryo Corporation
- NRG Energy
- GE COWI
- Fortum Corporation
- Engie SA
- Vattenfall AB
- LOGSTOR Denmark Holding
- NextGen Heating
- Ramboll
- Kelvion
- and Dall Energy.
Increasing need and demand for diminishing carbon emissions and exponential rise in the population globally, which led to the growing urbanization and growth in the demand for energy from various different end-use sectors along with the integration of machine learning to predict the heat loads from customer data and also operational data, has gained significant traction and creating lucrative growth opportunities for the market.
In the last few decades, various non-conventional energy sources including solar and wind have gained significant popularity and traction across both developed and developing countries, due to which heat supply from district heating is mainly produced in an environmentally sustainable manner, reduces the greenhouse gas emissions, and further impacting the product demand in a positive way globally. Additionally, by including electricity powered heat pumps, generating integration, and make balance between energy systems.
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District Heating Market Report Highlights
- Renewable segment is expected to account for significant growth rate during the projected period due to the rapidly increasing upgradation and development activities form fossil fuels to sustainable resources
- Combined heat and power segment accounted for over XX% of global market share in 2022, which is mainly drive by its numerous benefits including ease of operation and low consumption of fuel
- Residential segment dominated the global market for district heating in 2021, on account of increasing penetration for space heating and water heating across various residential applications
- Europe region held the largest market revenue share in 2022, which is mainly accelerated by increasing government regulations towards carbon emissions and high penetration for energy-efficient solutions in the region
Polaris Market Research has segmented the district heating market report based on heat source, plant type, application, and region:
District Heating, Heat Source Outlook (Revenue – USD Billion, 2019 – 2032)
- Coal
- Natural Gas
- Renewable
- Oil & Petroleum Products
- Others
District Heating, Plant Type Outlook (Revenue – USD Billion, 2019 – 2032)
- Boiler
- Combine Heat and Power
- Others
District Heating, Application Outlook (Revenue – USD Billion, 2019 – 2032)
- Residential
- Commercial
- Industrial
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