North America District Heating & Cooling Market to be Resilient by 2026

Published Date: 2020-01-30

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According to the Graphical Research new growth forecast report titled “North America District Heating & Cooling Market Size By Application (Residential, Commercial {College/University, Office Buildings, Government Buildings}, Industrial), By Energy Source (District Heating {CHP, Geothermal, Solar, Heat only Boilers}, District Cooling {Free Cooling, Absorption Cooling, Heat Pumps, Electric Chillers}), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026”, to be Resilient by 2026.

North America District Heating & Cooling  Market Share is set to witness significant growth owing to the rapidly changing climatic conditions along with the implementation of stringent regulations aimed toward limiting GHG emissions. In addition, strong inclination toward the adoption of sustainable heating & cooling  technologies will further proliferate the business landscape. Moreover, rising concerns toward intensifying the energy security outlook will augment the industry outlook over the forecast timeline.

Low operational costs, fuel flexibility and minimal thermal losses are few of the key underlying parameters favoring the business growth. Ongoing efforts toward recycling & recovery of waste energies coupled with the adoption of energy efficiency standards & mandates will drive the North America district heating & cooling market size. Furthermore, the presence of an efficient supply network across the region will augment the industry outlook significantly.

Surging investments toward the replacement of conventional heating systems including CHP and solar thermal will positively stimulate the district heating market growth. Bulk production capabilities, and high acoustic performance are some of the significant factors favoring technology penetration. In addition, growing concerns toward the surging electricity prices will further propel the market demand.

North America district heating & cooling industry size from commercial sector will witness substantial gains on account of increasing investments toward the development of new infrastructure. Increasing efforts toward limiting the specific energy consumption across commercial establishments has created a favorable business scenario. In addition, the ongoing service sector growth complemented by the growing penetration of data centers has further fueled the demand for sustainable cooling services across the region. For instance, in 2019, Amazon Web Services announced its plans to develop a 170,000 sq foot data center in New Albany. U.S. The total project cost is approximately USD 400 million and is aimed toward facilitating its expanding consumer base.

The Canada district cooling & heating market will grow on account of surging investments toward the development & refurbishment of new & existing residential establishments. In addition, the region is characterized by harsh winter conditions, which in turn is fueling the demand for effective heating services. In addition, the strong focus toward the development of zero emission buildings will further boost the industry growth over the forecast timeline.

Key market participants operating across the North America district heating & cooling industry comprise of Cetetherm, Danfoss, Empower, Engie, NRG Energy, Ramboll, Siemens, SNC Lavalin, Stellar, and Veolia amongst others.