According to the research report titled ‘District Heating Market Size By Source (CHP, Geothermal, Solar, Heat Only Boilers), By Application (Residential, Commercial {College/University, Office, Government/Military}, Industrial {Chemical, Refinery, Paper}), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, the global district heating market was worth US $150 billion in 2019 and is presumed to register deployment over 14000 PJ by the year 2026.
 

Rising urbanization and industrialization, growing inclination towards sustainable energy solutions, and escalating investments in real estate sector are driving the growth of district heating market. Strict government directives regarding GHG emissions is also aiding the market expansion. Surging need of clean energy coupled with development of innovative products are augmenting the demand for district heating systems across the globe.
 

District heating systems offer enhanced sustainability, cleaner air quality, and low thermal losses. Growing popularity of space heating solutions, along with escalating disposable income, rising investment in construction segment, and improved standard of living are fueling the expansion of the district heating market. 
 

Elaborating on application spectrum, district heating market from residential segment is estimated to register momentous growth over the forecast period. Increasing urban migration has paved the way for high investments in real estate sector. Growing inclination towards smart home management systems, coupled with rising deployment of energy efficient heating systems are major factors contributing towards the growth of segmental share.
 

Considering geographical landscape, Asia-Pacific district heating market is estimated to see significant growth in the upcoming year, owing to strict policies regarding utilization of energy efficient heating systems, coupled with positive outlook towards commercial and residential development.
 

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On the other hand, report cites that countries like U.S. and China are offering lucrative investment opportunities in Cogeneration Heat & Power (CHP) systems with favorable regulations to encourage the adoption of district heating systems, thereby bolstering the market share.
 

The prominent players of district heating market profiled in the report include Goteborg Energi, Fortum, Vattenfall, STEAG, Ramboll, and Statkraft among others.