Chemical Research

  District Heating is an energy efficient system that distributes heat generated in a centralized location through a system of insulated pipes for residential and commercial heating requirements such as space heating and water heating. It is widely adopted in dense urban areas and community spaces for buildings. The global district heating market is estimated to be valued at US$ 50.8 Billion in 2024 and is expected to exhibit a CAGR of 1.5% over the forecast period of 2023 to 2030. District heating plays a pivotal role in meeting the evolving energy needs of a growing population across the globe. It offers numerous benefits over individual heating systems such as reduced greenhouse gas emissions, higher energy efficiency and reliability of heating supply. Factors such as rising urbanization in developing countries, growing focus on renewable energy sources and implementation of stringent emission norms are driving the uptake of district heating systems. With increasing government s...

  Renewables is fastest growing segment fueling the growth of the global district heating market. 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 Overview: District heating involves production and distribution of thermal energy in the form of steam or hot water from a central plant to residential and commercial buildings through underground pipes for heating applications. District heating offers advantages such as reduction in carbon dioxide emissions and increased energy efficiency. The need for sustainable and greener heating solutions is driving the growth of district heating market. Market key trends: Renewable energy integration is one of the key trends being witnessed in the  district heating market . Renewable sources such as geothermal, biomass and solar are being widely used in...