Contractor
Summary
District heating systems form a crucial part of the heating sector’s decarbonization plan since they allow the integration of clean and flexible sources of energy in the energy mix, which is otherwise challenging at the separate building level in the dense urban areas. The increasing government focus on implementation of these cost-effective heating systems for bringing down carbon emissions across different regions will augment the global district heating market growth.
Over the years, regulatory bodies from across the world have implemented stringent policies for the development of sustainable solutions to reduce the dependence on conventional fuel for heat generation from the environment. Although low carbon district heating solutions have been adopted by various cities, almost 90% of the source of global district heat generation still relies on fossil fuels.
This has led several district heating companies to emphasize on capacity expansion and product development strategies for rolling out comprehensive products in the market.
Mentioned below are some of the trends that will bolster the overall industry value in the coming years:
1. Measures taken to curb GHG emissions in APAC region
2. Increasing integration of CHP-based solutions
3. Innovative strategies by key market players
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