The District Heating and Cooling Market is expected to grow from USD 205.60 Billion in 2022 to USD 403.30 Billion by 2030, at a CAGR of 10.10% during the forecast period.
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District heating and cooling refer to centralized systems that distribute energy to buildings through a network of underground pipes. The district heating and cooling market research report includes its market segments based on the type of system (district heating or district cooling), application (residential, commercial, and industrial), and region (North America, Asia Pacific, Middle East, Africa, Australia, and Europe). Players in the market include ENGIE, NRG Energy, Fortum, Empower, ADC Energy Systems, STEAG, Ørsted A/S, Tabreed, Vattenfall, RWE AG, Goteborg Energi, Logstor, Shinryo, Emicool, Keppel DHCS, Statkraft, and Ramboll. Regulatory and legal factors specific to market conditions could include government mandates or incentives for energy efficiency, environmental regulations, and pricing policies.
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The latest trends in the DHC market include the adoption of renewable energy sources, such as geothermal and solar energy, the use of waste heat from industrial processes, and the integration of DHC systems with smart buildings and smart grids. Furthermore, the increasing use of energy storage technologies and the development of novel cooling technologies, such as district cooling solutions, are expected to drive the market growth in the coming years.