Delray Beach, FL, March 06, 2025 (GLOBE NEWSWIRE) — The global district heating market is expected to be valued at USD 191.5 billion in 2023 and is projected to reach USD 242.1 billion by 2028; it is expected to grow at a CAGR of 4.8% from 2023 to 2028.
The district heating market is propelled by a rising need for energy efficiency, supported by stringent environmental regulations advocating cleaner heating solutions. The demand is further fuelled by the expanding urbanization, emphasizing centralized heating requirements. Opportunities in the market manifest through the incorporation of renewable energy sources, technological innovations for improved system efficiency, and government initiatives endorsing sustainable district heating solutions as integral components of comprehensive energy transition strategies.
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List of Players in the District Heating Industry:
- Fortum (Finland)
- Vattenfall (Sweden)
- ENGIE (France)
- Danfoss (Denmark)
- Statkraft (Norway)
- LOGSTOR Denmark Holding ApS (Denmark)
- Vital Energi (UK)
- Kelag Energie & Wärme (Austria).
Attractive Opportunities in the District Heating Market
- Growing, emphasis on sustainability and renewable energy sources is driving the adoption of district heating systems
- Supportive policies and regulations promoting energy efficiency and emission reduction in Europe
- Growing investments focusing on utilization of waste heat from industrial processes
- Rapid urbanization and population growth across Europe fuels the demand for district heating market.
District Heating Market Segmentation:
Natural gas among heat source is expected to hold the second-highest market share during the …
