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

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

The global district heating market size is expected treach USD 286.87 billion by 2032, according ta 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 intcurrent market dynamics and provides analysis on future market growth.

The rapid increase in the heat source diversification mainly form fossil fuels trenewables, electricity, and others and integration of various large-scale heat pumps along with the extensive rise in transition from third generation tfourth generation district heating, are major factors projected tdrive 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 tboost the demand and growth significantly.

For instance, in March 2022, AmerescInc., 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 teffectively 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.

Increasing need and demand for diminishing carbon emissions and exponential rise in the population globally, which led tthe growing urbanization and growth in the demand for energy from various different end-use sectors along with the integration of machine learning tpredict the heat loads from customer data and alsoperational 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 twhich 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

Renewable segment is expected taccount for significant growth rate during the projected period due tthe rapidly increasing upgradation and development activities form fossil fuels tsustainable resources

Combined heat and power segment accounted for over XX% of global market share in 2022, which is mainly drive by its numerous benefits including ease of operation and low consumption of fuel

Residential segment dominated the global market for district heating in 2021, on account of increasing penetration for space heating and water heating across various residential applications

Europe region held the largest market revenue share in 2022, which is mainly accelerated by increasing government regulations towards carbon emissions and high penetration for energy-efficient solutions in the region

The global key market players include Danfoss Group, NRG Energy, NextGen Heating, Fortum Corporation, ShinryCorporation, and LOGSTOR Denmark Holding

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)

Coal

Natural Gas

Renewable

Oil & Petroleum Products

Others

District Heating, Plant Type Outlook (Revenue - USD Billion, 2019 - 2032)

Boiler

Combine Heat and Power

Others

District Heating, Application Outlook (Revenue - USD Billion, 2019 - 2032)

Residential

Commercial

Industrial

District Heating, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa