District Heating and Cooling Market Forecasts to 2028 – Global Analysis By Category (Heating, Cooling), Product (Boiler Plant, Combined Heat and Power (CHP)), and By Geography
According to Stratistics MRC, the Global District Heating and Cooling Market is accounted for $14.46 billion in 2020 and is expected to reach $22.87 billion by 2028 growing at a CAGR of 5.9% during the forecast period. Factors such as technological advancements in the CHP systems, rising investments toward infrastructural development and easy installation are major factors driving the growth of the market. However, huge capital cost is hampering the market.
District cooling & heating is one of the numerous techniques that can assist human race to begin monstrosity of global warming. Enormous carbon emission and improper utilization of resources creating devastating and lasting effects on surroundings. In order to decrease the impact of global warming, individuals, communities, states, and nations striving persistently to undo the damage. This is one such effort accomplished of reducing carbon emission and saves fuel for domestic heating and cooling applications.
By application, residential segment is experiencing considerable market growth, owing to strict rules mandates introduced by the government organizations toward building emissions and conventional heating & cooling systems and rising diffusion of the small-scale DHC systems across Tier-II & Tier-III cities will drive the business growth.
Based on the geography, Asia Pacific is dominating the market during the forecast period. Due to the importance of energy efficiency and renewable, increasing temperature levels and government plan supporting the formation of DH and DC systems across municipalities are driving the market in this region.
Some of the key players profiled in the District Heating and Cooling Market include Aggregate Industries, Ashtech (India) Pvt. Ltd., BASF PLC, Boral Ltd, Cement Australia Pty Limited, Cemex S.A.B. De C.V., Charah, LLC, Duromar, Inc, LafargeHolcim Ltd., Salt River Materials Group, Separation Technologies LLC by Titan America LLC, Tarmac Holdings Limited, Titan America LLC., WM Intellectual Property Holdings, LLC.
• Boiler Plant
• Combined Heat and Power (CHP)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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