+1 832 716 2363
Tuesday, October 3, 2023
AsiaNewsWire
No Result
View All Result
Submit a Press Release
  • HOME
  • NEWSROOM
    • News by Country
      • Australia
      • Bangladesh
      • China
      • Hong Kong
      • India
      • Indonesia
      • Japan
      • Macau(China)
      • Malaysia
      • Myanmar
      • Nepal
      • New Zealand
      • Pakistan
      • Philippines
      • Singapore
      • South Korea
      • Sri Lanka
      • Taiwan
      • Thailand
      • Vietnam
    • News by Category
      • Agriculture
      • Arts & Entertainment
      • Aviation & transport
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & Construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
  • PR SERVICES
    • Press Release Distribution
    • Press Release Writing
    • Consulting
    • Media Planning
  • PRICING
  • ABOUT US
  • CONTACT US
  • PRESS RELEASES
    Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

    Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

    Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent

    Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent

    Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent

    Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent

    Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent

    Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent

  • Login
  • Sign Up
  • HOME
  • NEWSROOM
    • News by Country
      • Australia
      • Bangladesh
      • China
      • Hong Kong
      • India
      • Indonesia
      • Japan
      • Macau(China)
      • Malaysia
      • Myanmar
      • Nepal
      • New Zealand
      • Pakistan
      • Philippines
      • Singapore
      • South Korea
      • Sri Lanka
      • Taiwan
      • Thailand
      • Vietnam
    • News by Category
      • Agriculture
      • Arts & Entertainment
      • Aviation & transport
      • Business & Finance
      • Conferences & Seminars
      • Cryptocurrency
      • Economy
      • Education
      • Forex & Commodities
      • Manufacturing & Industry
      • Media
      • Oil & Energy
      • Pharma & Health
      • Politics
      • Real Estate & Construction
      • Sports
      • Stock Markets
      • Telecom & Tech
      • Travel & Tourism
  • PR SERVICES
    • Press Release Distribution
    • Press Release Writing
    • Consulting
    • Media Planning
  • PRICING
  • ABOUT US
  • CONTACT US
  • PRESS RELEASES
    Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

    Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

    Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent

    Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent

    Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent

    Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent

    Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent

    Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent

No Result
View All Result
AsiaNewsWire
SUBMIT PR
Home Press Releases

District Heating Market Worth $226.5 Billion USD by 2027 a CAGR of 6.2%

asianewswire.net by asianewswire.net
October 21, 2022
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, October 21, 2022 ) The report “District Heating Market by Heat Source (Coal, Natural Gas, Renewables, Oil & Petroleum Products), Component (Boiler, Heat Exchanger), Plant Type (Boiler Plants, CHP), Application (Residential, Commercial, Industrial) and Region – Global Forecast to 2027″ The global district heating market is estimated at USD 167.8 Billion in 2022 and is projected to reach USD 226.5 Billion by 2027, registering a CAGR of 6.2% during the forecast period. Increasing demand for energy-efficient and cost-effective heating systems, growing urbanization and industrialization, and increasing integration of renewable energy in district heating are attributed to the demand of district heating for heating the spaces.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107420661

By Heat Source: Natural gas segment to propel market growth

In 2021, the natural gas segment held the largest share of ~32% in the district heating market. This growth is attributed to the increasing awareness about environmental pollution, initiatives taken by governments for environmental stability, and the power generation sector adopting natural gas as the heat source over fossil fuels, considering the environmental causes. Natural gases offer numerous benefits over other heat sources such as less harmful effects on the surroundings and fewer carbon emissions with exceptional efficiency. Also, several ecosystem players are using natural gas as the heat source in the generation of district heating energy. For instance, the Serbia-based Novi Sad Heating Plant uses natural gas as a primary heat source for the generation of heat energy. The plant consumes about 1 million MWh of heat energy a year. The overall production system efficiency is ~96%, while the distribution system’s efficiency is ~90%.

By Plant Type: CHP segment to grow at the fastest CAGR in district heating market

CHP plants accounted for the largest share of the market (~60%) in 2021 and are also expected to witness the highest CAGR of 6.9% during the forecast period. CHP heat sources reduce fuel use, help avoid the need for new transmission and distribution infrastructure, and ease grid congestion when the demand for heating is high. Also, the key advantages of CHP include improved energy efficiency, reduced carbon emissions, integration of renewable energy sources, lower operating costs, and improved resilience of critical infrastructure and the electric power system. These factors are expected to drive the growth of the district heating market for CHP plants.

By Application: Residential application accounted for the largest share of the district heating market

The residential application segment accounted for the largest market share of ~50% in 2021 and is also expected to witness the highest CAGR of 6.9% during the forecast period. This growth is attributed to the growing awareness about the benefits of district heating used in residential properties. These benefits include lower maintenance and energy bills, advanced indoor comfort, and hot water on demand 24 hours a day. District heating can also improve the energy ratings of households connected to it, potentially increasing their value.

Europe likely to emerge as the largest share holding region in district heating market during forecast period

Europe held the largest share of ~67% in the district heating market in 2021 and the same trend is expected in the near future. The market growth in this region is predominantly rising due to the strong presence of key district heating manufacturers such as Fortum, Vattenfall, ENGIE, Denmark, Statkraft, LOGSTOR, and Vital Energi. In Europe, the residential application accounted for the largest market share (~52%) in 2021 and is also expected to witness the highest CAGR of 4.3% during the forecast period. The high growth rate of the district heating market for the residential application is mainly due to the growing self-build and custom-build trends in the domestic sector, wherein house owners are involved in the specification of their new homes and are willing to invest more at the initial level to appreciate long-term benefits.

Additionally, due to long Scandinavian winters, district heating is implemented throughout the year providing heat and warm water for cooking and keeping oneself warm and healthy. Moreover, growing environmental and energy-efficiency concerns are likely to have a significant impact on the implementation of district heating in the residential application as European countries move toward a low-carbon economy. This factor has spurred the demand for district heating for residential applications.

Key Market Players

Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway), LOGSTOR (Denmark), Vital Energi (UK), Kelag (Austria), SHINRYO CORPORATION (Japan) are some of the key players in the district heating market.

Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=107420661

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients.
Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Wearable Injectors Market Size, Strategies and Opportunities Forecast 2022-28

Next Post

UTECH Products Expands Operations to Abu Dhabi, Totaling Eight International Offices

Related Posts

Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent
Press Releases

Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

October 1, 2023
Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent
Press Releases

Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent

October 1, 2023
Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent
Press Releases

Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent

October 1, 2023
Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent
Press Releases

Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent

October 1, 2023
Press Releases

4 Reasons Why Credit Cards May Be a Better Choice Than Debit Cards

September 30, 2023
Press Releases

What Are Time Deposits? What Are Their Benefits?

September 30, 2023
Load More

Popular News

  • Vietnam media list

    Vietnam Media List for Press Release Distribution to Vietnamese Target Audience

    0 shares
    Share 0 Tweet 0
  • Singapore Media List for Press Release Distribution to Online, Print and Broadcast Outlets

    0 shares
    Share 0 Tweet 0
  • AsiaNewswire.net™ Relaunches Press Release Distribution to media in the Asia Pacific and Southeast Regions

    0 shares
    Share 0 Tweet 0
  • India Media List for Press Release Distribution to English Publications, Radio and Television Stations

    0 shares
    Share 0 Tweet 0
  • Four Investment Ideas to Grow Your Wealth in UAE

    0 shares
    Share 0 Tweet 0

By Categories

  • Agriculture
  • Arts & Entertainment
  • Australia
  • Business & Finance
  • Campaign
  • China
  • Education
  • English
  • Featured News
  • Forex & Commodities
  • India
  • Japan
  • Media
  • Media List
  • National
  • Pakistan
  • Politics
  • Press Releases
  • Singapore
  • Social Media
  • South Korea
  • Stock Markets
  • Taiwan
  • Telecom & Tech
  • Travel
  • Uncategorized
  • Vietnam

About

Asia Newswire™ provides press release distribution services for businesses,  organizations and other entities with need to send news to media outlets in Asia  Pacific, South and South East Asian countries. Other services include writing and  editing press releases, consulting and media planning.

Categories

News by Country
News by Category
Press Releases

Recent Post

Recent Posts
  • Voltage Transformer Market expected to reach USD 37.17 Billion by 2029 at a CAGR of 7.2 percent
  • Pickleball Market expected to reach USD 2.64 Billion by 2029 at a CAGR of 10.2 percent
  • Diamond Wire Saw Market expected to reach USD 1.70 Billion by 2029 at a CAGR of 5.1 percent
  • Payday Loans Market expected to Reach USD 51.98 Billion by 2029 at a CAGR of 4.42 percent

Subscribe Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia
    AsiaNewswire.net™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
    No Result
    View All Result
    • Home
    • Newsroom
      • News by Category
        • Agriculture
        • Arts & Entertainment
        • Aviation & transport
        • Business & Finance
        • Conferences & Seminars
        • Cryptocurrency
        • Economy
        • Education
        • Forex & Commodities
        • Manufacturing & Industry
        • Media
        • Oil & Energy
        • Pharma & Health
        • Politics
        • Real Estate & Construction
        • Sports
        • Stock Markets
        • Telecom & Tech
        • Travel & Tourism
      • News by Country
        • Australia
        • Bangladesh
        • China
        • Hong Kong
        • India
        • Indonesia
        • Japan
        • Macau(China)
        • Malaysia
        • Myanmar
        • Nepal
        • New Zealand
        • Pakistan
        • Philippines
        • Singapore
        • South Korea
        • Sri Lanka
        • Taiwan
        • Thailand
        • Vietnam
    • PR Services
      • Press Release Distribution
      • Press Release Writing
      • Consulting
      • Media Planning
    • About Us
    • Contact Us
    • Pricing
    • Press Releases
    • Login
    • Sign Up

    AsiaNewswire.net™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC