District Heating & Cooling Market worth over $380 Bn by 2028

District Heating & Cooling Market size is slated to cross USD 380 billion by 2028, as reported in the latest study by Global Market Insights Inc.
 

Increased implementation of carbon emission-related regulatory regulations combined with increased use of sustainable energy technologies will boost the district heating and cooling industry growth. The market expansion will be aided by changing climatic circumstances owing to the increasing surface temperature range.
 

Commercial district heating & cooling market is anticipated to upsurge USD 180 billion by 2028. Shifting focus toward the fabricating of green buildings coupled with increasing acquisition of sustainable building measures and codes will fuel the product penetration. Increasing the investments toward the real-estate industry driven by burgeoning service sector will garner the industry statistics.
 

Growing investments in infrastructure developments and introduction of advanced solutions

The large-scale deployment of heating & cooling systems along with rapid economic growth will foster the Asia Pacific district heating & cooling market. Rising infrastructure developments on account of escalating urbanization & industrialization will influence the industry landscape. The scope of the contract includes design & conceptual studies, front-end engineering & design, detailed & general engineering, execution planning, project management, technical service support, and specialized studies.
 

Browse key industry insights spread across 405 pages with 434 market data tables & 55 figures & charts from the report, “District Heating & Cooling Market Size By Energy Source (District Heating {CHP, Geothermal, Solar, Heat only Boilers}, District Cooling {Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers}), By Application (Residential, Commercial, Industrial), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028 ”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/district-heating-and-cooling-market
 

The solar district heating market valued at around USD 2 billion in 2021. Lower operating costs, easy installation, environmental performance, and economic viability are some of the key factors, which will augment the technology adoption. The European Commission, as per its SDH plan, focuses on promoting and deploying SDH systems across Denmark, Italy, the Czech Republic, and Germany.
 

Surging expansion of reliable & efficient advanced solutions across the residential & commercial sectors

The Europe district heating & cooling industry is estimated to grow at a CAGR of over 3.5% through 2028. Increasing demand for automation and controls to complement flexible electricity systems and thermal storage will further drive the market growth
 

Major industry players in the district heating & cooling market including ENGIE, Cetetherm, Wien Energie GmbH, Helen Oy, Veolia, Singapore Power Ltd., Stellar Energy, Danfoss, Marafeq Qatar, DC Pro Engineering, ADC Energy Systems, Tabreed, Siemens, Qatar District Cooling Company, Empower, PAL Group, SNC Lavalin Group, Emicool, Hafslund Eco, KELAG Energie & Wärme GmbH, Keppel Corporation Limited, Korea District Heating Corporation, LOGSTOR A/S, NRG Energy Inc., Ørsted A/S, Ramboll Group A/S, RWE, Shinryo Corporation, Statkraft AS, STEAG GmbH, Vattenfall AB, Goteborg Energi, and Fortum.