Recent Awareness and Technological Advances is set to help District Heating Market to cross US$ 260 Bn at a CAGR of 4% during the forecast period 2022-32 | Report by Future Market Insights, Inc.
NEWARK, Del., Oct. 18, 2022 /PRNewswire/ -- The global district heating market was valued at US$ 170 Bn in the year 2021 and is expected to reach US$ 260 Bn by the year 2032 at a CAGR of 4% between 2022 and 2032. The district energy system implies providing heat to monitor temperature in residential, industrial, and business areas.
- Also, routing industrial processes through district heating has resulted in potentially reducing emissions of carbon dioxide by 112,000 tons/year.
- District heating serves close to 60 Mn citizens of the EU, and extra 140 Mn people reside in cities with atleast 1 district heating system.
- Future Market Insights has entailed these facts with future prospects in its latest market study entitled 'District Heating Market'.
- "With advancements in heating networks at an unparalleled level, the advanced district heating systems to be at the forefront of district heating market", says an analyst from district heating market.