Global District Heating Market Value to Increase by $32.81 Billion During 2020-2024 | Forecasting Strategies for New Normal
The district heating market is expected to grow by $ 32.81 billion and grow at an annual rate of over 3% over the forecast period.
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Technavio has announced its latest market research report titled Global District Heating Market 2020-2024 (Graphic: Business Wire).
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The implementation of district heating in smart cities is one of the main drivers for market growth. However, factors such as competition from fuel cell micro-CHP will hinder market growth.
More details: https://www.technavio.com/talk-to-us?report=IRTNTR44491
District heating market: technology landscape
Based on the technology, the fossil fuel segment achieved maximum sales for the market in 2019. This is due to the increased use of coal, natural gas, and oil to create steam or water heating applications. The market growth in this segment will be significant in the forecast period.
District heating market: geographical landscape
Geographically, Europe will experience lucrative growth over the forecast period. About 73% of the total growth in the market is expected to come from Europe. Factors such as the existence of extensive network installations and the high demand from end users for heating requirements are driving the market growth in Europe.
Poland, Germany and Denmark are the key markets for district heating solutions in Europe. The market growth in this region will be slower than the market growth in North America.
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Main topics covered:
Value chain analysis
Five forces analysis
Market segmentation by technology
Comparison by technology
Fossil Fuels Market Size and Forecast 2019-2024
Renewable Energies – Market Size and Forecast 2019-2024
Market opportunity through technology
Europe – Market size and forecast 2019-2024
APAC – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
MEA – Market Size and Forecast 2019-2024
South America – Market size and forecast 2019-2024
Major leading countries
Market opportunity by geography
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