District Heating Market, By Plant Type (Boiler Plant, Combined Heat and Power (CHP)), By Heat Source (Coal, Natural Gas, Renewables, Oil and Petroleum Products), By Application (Residential, Commercial and Industrial), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)

Published In : Jul 2023

Code : CMI5980

Pages :144

Formats :

Excel and PDF

Industry : Energy

District Heating MarketSize and Trends

The global District Heating market size was valued at US$ 50.8 Billion in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 1.5% from 2023 to 2030.

Figure 1. Global District Heating Market 2023, By Region

Global District Heating Market Trends:

District heating companies are projected to gain significantly from technological advancements and digitization. These are driven further by the fast adoption of modern technology goods and solutions such as smart meters, demand-based heating systems, home automation, and smart infrastructure. Consumers may have a role in balancing future heating demand by utilizing these options. Rapid advancements swiftly reduce heating costs with increasing efficiency.

As new buildings require distributed heating systems, advanced infrastructure developments create considerable potential. Additionally, modern district heating networks are expected to play a critical role in enabling energy efficient district heating solutions. The procure heat from various sources, most notably excess heat from industrial processes and a variety of renewable energy sources, depending on their availability. The new infrastructures offer substantial thermal transfer surfaces and the potential for installing modern district heating systems.

Additionally, advanced district heating systems may synergize within existing heating networks to boost efficiency, dependability, and cost-efficiency. As a result, technical developments in the district heating sector are likely to generate considerable revenue for solution suppliers.