District Heating and Cooling (DHC) is a system of providing heating and cooling to multiple buildings from a centralized energy source. It is a form of energy efficiency that uses electricity, natural gas, or renewable energy sources such as biomass, geothermal, or solar energy to produce heat, which is then distributed to buildings through a network of insulated pipes. The energy can be used to provide heating, cooling, hot water, and even electricity to buildings.
DHC systems have a number of benefits, including increased energy efficiency, reduced emissions, and cost savings. Additionally, they can help reduce energy bills, improve air quality, and provide more reliable energy supply.
The global District Heating and Cooling market was valued at US$ 205180 million in 2022 and is anticipated to reach US$ 405530 million by 2029, witnessing a CAGR of 10.1% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global District Heating and Cooling Market available at: https://www.themarketreports.com/report/global-district-heating-and-cooling-market-research-report
This report aims to provide a comprehensive presentation of the global market for District Heating and Cooling, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding District Heating and Cooling.
Global District Heating and Cooling key players include ENGIE, NRG Energy, Fortum, Empower, ADC Energy Systems, STEAG, Ørsted A/S, etc. Global top seven manufacturers hold a share about 25%.
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