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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
District Heating Market Growth
Many countries are in the phase of industrialisation, and to get a better living standard, people have started to move from rural areas to urban areas, which in turn has increased the demand for energy across all sectors. The energy need is dramatically increasing with the growing population, and to fulfil the demand, governments are looking for sustainable options. Their aim is to reduce the increasing pollution and control the carbon emissions produced from local heating systems. This is where the district heating market comes as a lucrative option as it will help in reducing emissions by supplying heating facilities to all the connected houses and areas, meeting the needs, all while lowering the usage of local heating systems by a lot.
The rising support from government initiatives can also provide significant support to the growth of the market. The northern parts of many countries, such as the United States, China, and Japan, are being facilitated with these services. Renewable-based district heating services can be a big boon for the environment. It eliminates the need to burn other fuels, such as coal, which creates a lot of air pollution. Thus, further investment in renewable sources can bolster the market growth even more.
District Heating Market Report Snapshots
District Heating Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market attained a value of nearly USD 200.76 billion.
The market is projected to grow at a CAGR of 3.9% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 283.27 billion by 2032.
The major industry drivers are reducing carbon emissions and rising energy demands.
The key industry trend is to shift towards a renewable-based heating system for reduced emissions.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific being the biggest market region.
The heat sources include coal, natural gas, renewable resources, oil and petroleum, among others, where coal and natural gas are the most used heat sources.
The plant types in the market include boiler and CHP, among others.
District heating finds wide applications in residential, commercial, and industrial sectors.
The major players in the industry are Fortum Oyj, Vattenfall AB, Engie Group, Danfoss A/S, NRG Energy, Inc., and Statkraft AS, among others.
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