According to a new report, published by KBV research, The Global District Heating Market size is expected to reach $231.3 billion by 2028, rising at a market growth of 6.1% CAGR during the forecast period.
The Residential segment is leading the Global District Heating Market by Application in 2021 thereby, achieving a market value of $115.8 billion by 2028. Included in residential applications are single-family homes and apartments. Due to the cost-effectiveness of other heating solutions such as furnaces and fireplaces, the adoption of district heating in single-family homes is lower than in apartments. Additionally, residents can share the cost of heating a building through district heating.
The Boiler Plants segment is showcasing a CAGR of 6.5% during (2022 - 2028). During the predicted period Boilers are more efficient than conventional air-heating systems. This is because water is a greater thermal conductor than air; it warms up faster and maintains heat for longer. Additionally, boilers heat water for district heating more uniformly and efficiently. To convert water into steam, the boiler absorbs energy from a source such as coal, natural gas, or nuclear fuel.
The Natural Gas segment acquired maximum revenue share in the Global District Heating Market by Heat Source in 2021 thereby, achieving a market value of $88.4 billion by 2028. It is because it is more efficient than electric heat pumps, it is primarily utilized for district heating. This fuel can also be utilized in central heating systems with absorption units that convert natural gas to hot steam. In addition, the majority of residential buildings in the United States utilize natural gas for space heating and water heating.
The Europe market dominated the Global District Heating Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $144.2 billion by 2028. The North America market is exhibiting a CAGR of 5.4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 7.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/district-heating-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Fortum Corporation, Vattenfall AB, ENGIE, The Danfoss Group, Statkraft AS, LOGSTOR Denmark Holding ApS (Kingspan Group PLC), Vital Energi Ltd., Alfa Laval AB, SHINRYO CORPORATION, and NRG Energy, Inc.
By Application
By Plant Type
By Heat Source
By Geography
Companies Profiled
Unique Offerings 
