Diarmaid Williams, Decentralized Energy
Summary
New research performed by MarketStudyReport.com indicates significant growth for global district heating projects, reaching an overall market value of $280bn by 2024.
Rising concerns toward greenhouse gas emissions coupled with strong demand for efficient and cost effective systems will drive the District Heating market size, according to the report.
Introduction of emissions reduction target by countries including China, UK, Denmark, Germany, and Russia under their climate action plans will complement the business outlook. Denmark, in its National Energy Policy and National Energy Efficiency Action Plan (NEEAP) has setup a target to completely phase out the usage of oil from heating applications across the building structure by 2035.
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