August 23, 2022 12:30 ET | Source: Transparency Market Research Transparency Market Research
Albany, New York, UNITED STATES
Wilmington, Delaware, United States, Aug. 23, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The value of global district heating market was clocked at US$ 1.6 Trn in 2020. The global market is expected to develop at a CAGR of 4.7% during the forecast period, from 2021 to 2031. The global district heating market is anticipated to cross the valuation of US$ 2.9 Trn by 2031. In order to create reliable revenue streams, players in the district heating market are concentrating on residential applications. Demand analysis of district heating market predict that renewable energy sources with low temperatures have considerable potential for use in district heating systems. But in order to overcome obstacles that slow down the uptake of low-temperature renewables in district heating applications, it is necessary for all key stakeholders to work together.
In order to reduce high upfront capital cost of arranging renewables for district heating applications, service providers are expected to strengthen R&D activities. Such changes are expected to pique the interest of investors looking for steady income streams over the long term as opposed to rapid gains, whilst also supporting certain political objectives.
In order to simulate energy consumption, a vital factor is the occupancy profile of buildings. These occupancy profiles have essentially expanded as a result of the COVID-19 outbreak, and providers inside the district heating industry have been reaping the benefits of these prospective revenue streams. Residential energy usage is probably going to stay high throughout the ongoing pandemic as many people still cling to work-from-home schedules, which is likely to drive sales of district heating market.
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Key Findings of Market Report
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Global District Heating Market: Growth Drivers
Global District Heating Market: Key Players
Some of the key market players are
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Global District Heating Market: Segmentation
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