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District Heating Market Report 2024-2033: Market Size, Growth, Analysis, Demand And Trends | Alfa Laval AB, Danfoss A/S, FVB Energy Inc., Keppel Corporation Limited, LOGSTOR A/S
District Heating Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the District Heating industry. This report on District Heating market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The district heating market size has grown steadily in recent years. It will grow from $177.73 billion in 2023 to $185.33 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to increased focus on energy efficiency and sustainability, urbanization and population density in metropolitan areas, government initiatives for decentralized energy systems, transition to low-carbon and renewable energy sources, rise in consumer demand for reliable and affordable heating solutions. The district heating market size is expected to see steady growth in the next few years. It will grow to $221.92 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
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Key Market Players:
Alfa Laval AB, Danfoss A/S, FVB Energy Inc., Keppel Corporation Limited, LOGSTOR A/S are prominent players in the District Heating industry.
Market Drivers:
According to the District Heating Market Report 2024 by The Business Research Company, Rising industrialization is expected to propel the growth of the district heating market going forward. Industrialization refers to the approach by which an economy is converted from a primarily agricultural one to one based on the manufacturing of goods. Infrastructure development during industrialization increases the implementation of district heating elements. For instance, according to India Brand Equity Foundation, an Indian Government export promotion agency, the appliances and consumer electronics (ACE) market in India is expected to grow to USD21.18 billion by 2025. India has the potential to become a global manufacturing hub and by 2030, it can add more than USD500 billion annually to the global economy. Therefore, the rise in industrialization is driving the growth of the district heating market.
More information about the Global District Heating Market Report -
https://www.thebusinessresearchcompany.com/report/district-heating-global-market-report
Market segments for District Heating include:
1)By Plant Type: Boiler, Combined Heat and Power (CHP), Others Plant Types
2)By Heat Source: Coal, Natural Gas, Renewables, Oil and Petroleum Products
3)By Application: Residential, Commercial, Industrial
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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