The global district heating market size is expected to reach USD 286.87 billion by 2032, according to a new study by Polaris Market Research. The report “District Heating Market Share, Size, Trends, Industry Analysis Report, By Heat Source (Coal, Natural Gas, Renewable, Oil & Petroleum Products, and Others); By Plant Type; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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.
For instance, in March 2022, Ameresco Inc., a leading integrator specializing in renewable energy and energy efficiency, announced that they have been selected as a partner in Bristol City Leap Project, a 20-year long concession to effectively decarbonize the city. In collaboration with Vatenfall heat UK, the company will work on many services including energy efficiency upgrades and long-term operation and maintenance.
Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below: https://www.polarismarketresearch.com/industry-analysis/district-heating-market/request-for-sample
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.
District Heating Market Report Highlights
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)
District Heating, Plant Type Outlook (Revenue - USD Billion, 2019 - 2032)
District Heating, Application Outlook (Revenue - USD Billion, 2019 - 2032)
District Heating, Regional Outlook (Revenue - USD Billion, 2019 - 2032)