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District Heating Market Trends

Report ID: GMI1401
Published Date: Jun 2024
Report Format: PDF

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District Heating Market Trends

The industry will witness significant growth owing to their reduced maintenance cost and improved energy efficiency. These systems enhance energy security by diversifying the energy mix and reducing dependence on imported fossil fuels, which in turn will positively influence the market penetration. In addition, growing energy demand across urban areas coupled with paradigm shift toward adoption of sustainable heating solutions will propel the deployment of these units.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of district heating was reached USD 178.5 billion in 2023 and is likely to grow at a CAGR of over 6.2% through 2032, due to strict regulations toward carbon emissions.

CHP district heating market size will exceed USD 145 billion by 2032, on account of their high sustainability and enhanced energy supply efficiency.

Asia Pacific district heating market is set to surpass USD 160 billion by 2032, owing to increasing investments by key public and private players toward infrastructural development.

Alfa Laval, Fortum, Göteborg Energi, Hafslund AS, Kelag Warme Gmbh, Keppel Corporation Limited, Korea District Heating Corporation, LOGSTOR Denmark Holding ApS, Ørsted A/S, Ramboll Group A/S, RWE, and Shinryo Corporation among others.