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North America Solar District Heating Market to be at Forefront by 2025
Published Date: 2020-03-20
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According to the Graphical Research new growth forecast report titled “North America Solar District Heating Market Size By System (Small [Residential, Commercial, Industrial], Large [Residential, Commercial, Industrial]), By Application (Residential, Commercial [College/University, Office Buildings, Government/Military], Industrial [Chemical, Refinery, Paper]) Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share, & Forecast, 2019 – 2025” to be at forefront by 2025.
North America Solar District Heating Market Share is set to witness a substantial growth on account of lower environmental footprint coupled with the economical maintenance & operational cost. Moreover, growing emphasis on regulatory outlook for curbing the environmental impact of heat generation will fuel the adoption of renewable based heat generation sources, across the region.
Escalating demand for efficient & sustainable heating infrastructure along with ongoing infrastructural development across residential and commercial sector will propel the industry growth. In addition, rising efforts to substitute conventional district heating system with sustainable technologies will further favor the product deployment in the forecast timeline.
High energy efficiency, low carbon emission, economical cost and long service life are some of the prominent features that will fuel the North America solar district heating market. Furthermore, technological advancement pertaining to product design & development along with high potential of solar energy for heat generation are some of the key factors that will stimulate the product demand growth across the region.
Ongoing investments across commercial and industrial sector will surge growth for large scale solar DH systems. These systems are installed as a built-in block in order to provide sustainable heating solutions to hotels, multistory buildings, industries and data centers.
Increasing commercial floor space across the region will augment the requirement of an effective heating technologies, which in turn will boost the solar DH demand positively. Growing government regulations pertaining the increasing pollution levels will curb the functioning of traditional heating systems, thus propelling a requirement for a cleaner and sustainable heating system.
Canada solar district heating market will witness a moderate growth on account of growing residential & commercial infrastructure coupled with improving standards of living. Moreover, Governmental efforts to expand the share of renewables into the energy mix will propel the adoption of cleaner technologies. For instance, according to IRENA, Canada increased the solar capacity by 61.62% through 2013 to 2018, which is anticipated to grow further on account of government efforts to reduce the use of conventional sources of energy.
Major players operating in North America solar district heating industry include NRG Energy, Ramboll Group A/S, Ørsted, RWE AG, Statkraft AS, Cetetherm, AURA GmbH & Co. amongst others.