District Heating Market to Exceed Valuation of US$ 2.9 Trn by 2031, Notes Study by TMR

District Heating Market to Exceed Valuation of US$ 2.9 Trn by 2031, Notes Study by TMR

PR Newswire

ALBANY, N.Y., Jan. 12, 2022

- The district heating market is prognosticated to be driven by surge in demand for heat and increased investments in renewable energy-based district heating systems

- Rise in consumption of residential energy due to adoption of work-from-home culture by employees amid the COVID-19 pandemic is generating lucrative prospects in the global market

ALBANY, N.Y., Jan. 12, 2022 /PRNewswire/ -- Analysts at Transparency Market Research (TMR) project the global district heating market to register growth at a CAGR of 4.7% during the forecast period of 2021 to 2031.

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Presently, majority of district heating systems use specific types of fuels. With the rise in technological advancements in the district heating vertical, next-gen district heating systems available today hold an ability to use manifold fuel sources simultaneously in order to generate energy.

When using advanced district heating systems, end users can decide which sources to be utilized based on several parameters such as cost, efficiency, and availability of sources. This facility can help companies in cost reduction and prevention of fuel risks in specific geographies. Furthermore, latest hybrid systems can be used as new schemes as well as can be revamped in order to be utilized with existent district heating systems.

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District Heating Market: Key Findings

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District Heating Market: Growth Boosters

District Heating Market: Regional Analysis

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District Heating Market: Key Players

Some of the key players profiled in the report are:

District Heating Market Segmentation

Source          

Plant Type  

Component

End-user      

Region         

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