District Heating Market Forecasted at $242.1 Billion by 2028, Dominated by Fortum, Vattenfall, ENGIE, Danfoss, and Statkraft [Yahoo! Finance]
FORTUM OYJ CP UNSP/ADR (FOJCY)
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Source: Yahoo! Finance
Gas, Geothermal, Biomass & Biofuel, Solar, Oil & Petroleum Products), Component (Boiler, Heat Exchanger, Heat Pumps), Plant Type (CHP, Boiler), Application and Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. The global district heating market is expected to be valued at USD 191.5 billion in 2023 and is projected to reach USD 242.1 billion by 2028; it is expected to grow at a CAGR of 4.8% from 2023 to 2028. The key players operating in the market are Fortum (Finland), Vattenfall (Sweden), ENGIE (France), Danfoss (Denmark), Statkraft (Norway) among others. The increasing trends of urbanization and industrialization are propelling an increased need for energy across various sectors, particularly in densely populated urban centers and industrial hubs. District heating systems emerge as a fitting solution for these areas, characterized by a concentration of buildings requiring heating and a substantial demand for heat in industrial operatio
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