Growth Accelerated by Increased Investments District Heating Market is a centralized system
Growth Accelerated by Increased Investments District Heating Market is a centralized system for the distribution of heat generated in a centralized location for residential and commercial heating requirements such as space heating and water heating. It is widely used in many parts of the world, especially in densely populated areas. District heating systems can help reduce carbon footprint by providing an efficient alternative to individual combustion boilers. The global District Heating Market is estimated to be valued at US$ 50.8 Bn in 2023 and is expected to exhibit a CAGR of 1.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: Increased investments in the expansion and development of existing district heating infrastructure in Europe and Asia Pacific are expected to drive the growth of the district heating market over the forecast period. Governments across various countries are encouraging shifts...