Global District Heating Market Size is Estimated to Reach USD 211.81 billion by 2031, Growing at a CAGR of 2.8%: Straits Research

New York, United States, Feb. 26, 2024 (GLOBE NEWSWIRE) — District energy is a technology that has existed for decades and is well-established. In most large cities, a district energy system distributes thermal energy to renowned landmarks around the globe. District heating provides thermal energy to multiple buildings from one or more central energy plants. The steam or hot water produced at the facility is distributed around the clock via underground thermal piping networks that are highly insulated. Because thermal energy is transferred to the building’s heating system, individual buildings do not require boilers. A district heating system improves energy efficiency and reduces expenses for residential and commercial clients. Demand for the solutions is projected to be exceptionally high throughout Europe. In the coming years, it is projected that investment would increase.
(GlobeNewsWire)