Stratistics MRC’s Global District Heating Market value is expected to reach $315.25 billion growing at a CAGR of 8.2% during 2023-2030.
In district heating, heat is produced centrally and then distributed to nearby households, companies, and industrial facilities. District heating is a cost-effective and ecologically responsible approach. It is frequently used in single-family homes, multi-family buildings, high-rise structures, and mega townships, district heating. Comparing it to individual building equipment provides a number of benefits, such as increased safety and reliability, reduced emissions, and higher fuel flexibility, especially when using alternative fuels like biomass or waste. District heating lessens carbon emissions and dependency on non-renewable resources by substituting renewable energy for heating that is dependent on fossil fuels. This strategy reduces waste and makes the best use of available energy.
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Europe is projected to have the highest CAGR over the forecast period. Additionally, the growth is linked to expanding urbanization, a rise in the demand for energy-efficient systems, and a rise in the number of restrictions by the government aimed at lowering greenhouse gas emissions. Furthermore, the expansion of the district heating sector in Europe is supported by rigorous emission limitations established by several environmental organisations. Additionally, the Environmental Protection Agency’s (EPA) increased emphasis on emission reduction and its pursuit of net-zero carbon emissions are anticipated to fuel the market expansion for district heating.
Some of the key players profiled in the District Heating Market include NRG Energy, Fortum, LOGSTOR A/S, Goteborg Energi, Kelag Warme Gmbh, Vattenfall AB, Hafslund, STEAG GmbH, Korea District Heating Corporation, Statkraft AS, Keppel DHCS Pte Ltd, Shinryo Corporation, Orsted, RWE AG, Vital Energi, Danfoss, Engie, Enwave Energy, Ramboll Group and FVB Energy.
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Key Developments:
In June 2023, Telenor and Hafslund, in partnership are establishing a company that will build secure and energy-efficient data centres in the Oslo area. The investment will contribute to establishing more Norwegian data centers and thus increase the possibility that digital services can be produced within the country’s borders, which gives a greater degree of national control and better safeguarding of functions critical to society.
In March 2023, Danfoss adds a new and data-driven dimension to district energy with the launch of groundbreaking substation technology in Danfoss Titan™. Danfoss Titan™ enables reliable and fast cloud commissioning—using mathematical models and a digital twin for performance simulation to deliver best-in-class settings that also result in longer station lifetime.
What our report offers:
– Market share assessments for the regional and country-level segments
– Strategic recommendations for the new entrants
– Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
– Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
– Strategic recommendations in key business segments based on the market estimations
– Competitive landscaping mapping the key common trends
– Company profiling with detailed strategies, financials, and recent developments
– Supply chain trends mapping the latest technological advancements
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