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District Heating & Cooling Market Trends

Report ID: GMI2877
Published Date: Jun 2023
Report Format: PDF

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District Heating & Cooling Market Trends

The district heating & cooling market is witnessing a growing emphasis on energy efficiency to reduce carbon emissions and optimize resource utilization. Growing implementation of regulatory policies related to utilization of efficient technologies including waste heat recovery and heat pumps systems in association with growing adoption of sustainable energy technologies will augment the industry share. Furthermore, the industry expansion will be supported by changing climatic conditions on account of rising surface temperatures range. Paradigm shift toward the utilization of renewable energy sources along with adoption of smart and digital solutions in heating & cooling sector will complement the business growth.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market for district heating & cooling surpassed USD 397.7 billion in 2022 and will witness 7% CAGR from 2023-2032 due to the influx of supportive government incentive programs and targets for achieving net zero emissions.

District heating and cooling industry size from commercial applications will exceed USD 300 billion by 2032 driven by the higher adoption of sustainable building measures and codes.

Asia Pacific district heating & cooling sector is estimated to amass USD 220 billion by 2032 owing to the rise in development of climate action plans implemented by governments.

Some of the leading district heating & cooling industry players include ENGIE, Cetetherm, Wien Energie GmbH, Helen Oy, Veolia, Singapore Power Ltd., Stellar Energy International, Danfoss, Marafeq Qatar, and DC Pro Engineering.