PUNE, India, December 12, 2022 (GLOBE NEWSWIRE) — The global district heating market Size was estimated at $165.62 billion in 2021. The global market is expected to grow from US$166.84 billion in 2022 to US$205.55 billion in 2029, at a CAGR of 3.0% over the period 2022-2029. This information is provided by Fortune Business Insights in its report titled District Heating Market, 2022-2029.
Key Industry Development:
October 2021: Veolia announced that it has reached an agreement to manage, operate and maintain a DC system in the city of Tashkent, Uzbekistan. The city has a heating network that supplies around 1.2 million people with hot water and heat.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/district-heating-market-100097
Report Highlights:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast period 2021 to 2029 CAGR | 3.0% |
| Value prognosis 2029 | $205.55 billion |
| base year | 2021 |
| Market size in 2021 | $165.62 billion |
| Historical data for | 2018-2020 |
| number of pages | 265 |
| segments covered | By application, by end user and regional forecast |
| growth accelerator | Growing initiatives to reduce carbon emissions to gain impetus |
| Favorable government initiatives to promote market growth |
Driver and restraint systems:
Growing initiatives to reduce carbon emissions to gain impetus
The world’s population has grown by leaps and bounds in recent years, leading to perceptions of increasing urbanization in various regions. This has steadily increased demand for energy from numerous end-use sectors. District heating is capable of generating a large amount of energy in a central facility and forwarding it to various end-use industries to meet heating needs efficiently.
However, building DC capacity requires a large early capital investment as installing a secure transmission and distribution line network is very expensive. Also the…
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