From GlobeNewswire: 2024-04-02 04:30:00

The global district heating market is forecasted to grow from USD 191.6 billion in 2023 to USD 242.1 billion by 2028, driven by the increased adoption of renewable energy sources, government initiatives, and the demand for energy-efficient heating systems, especially in urban areas facing rapid industrialization.

Coal remains the primary heat source for district heating systems, supported by its affordability and reliability despite concerns over environmental impacts. Transitioning to alternative heat sources requires significant investment, further prolonging coal’s dominance in the market.

Combined heat and power (CHP) plants are expected to experience the highest growth rate in the district heating market, offering unmatched efficiency and resilience by simultaneously generating electricity and heat. Their ability to optimize energy utilization and reduce greenhouse gas emissions positions them as the preferred choice for operators seeking sustainable solutions.

Europe leads the global district heating market due to widespread implementation of district heating systems, driven by energy efficiency, emission reduction goals, and government incentives. The region’s dense urban populations and aging building stock further contribute to the prevalence of district heating, solidifying Europe’s position as the market leader.



Read more at GlobeNewswire: The District Heating Market is projected to grow at a CAGR