North America Solar District Heating Market Size, Segment Analysis by System, Application and Outlook Forecast 2020-2025
Category: #energy-and-environment  By Ronak Bora  Date: 2021-05-28
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North America Solar District Heating Market Size, Segment Analysis by System, Application and Outlook Forecast 2020-2025

The North America solar district heating market size will observe considerable gain by 2025. Concerted efforts toward reducing carbon footprint and trends favoring sustainable heating generation have driven the North America solar district heating market value. Installation of clean heating solutions and infrastructural development across residential and commercial spaces have further added impetus to the industry growth.

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Stakeholders are likely to count on long service life, low carbon emission and high energy efficiency of solar district heating. Some of the technological advancements with regards to product design & development and potential of solar energy for heat generation will fare well for leading companies vying to boost their presence in the U.S., Canada and Mexico.

Here are the top trends which are expected to redefine the business outlook:

Traction from residential sector

Unprecedented growth in urbanization, along with the rise in discretionary income has triggered the demand for solar district heating in residential sector. Moreover, North America is witnessing an infusion of funds in the construction of residential establishments. It is worth noting that the adoption of solar thermal as a major source to deliver heat across residential spaces will provide lucrative opportunities to leading companies in the landscape.

The trend for solar district heating solutions will be noticeable in the industrial sector as demand for the system from chemical, refinery and paper industries has surged in the past several years. The trend is partly attributed to need for the reduction of carbon footprint across residential and industrial sectors.

Stakeholders to focus on commercial sector

An uptick in the installation of decentralized generators across commercial settings has mustered up the confidence of solar district heating suppliers. Soaring popularity of commercial floor space has become one of the selling points in the region as demand for effective heating technologies continues to surge.

An influx of funds across commercial sectors to boost the system installation as a built-in block to provide sustainable heating solutions to data centers, hotels and multistory buildings will boost the North America solar district heating market trend. An impressive demand for a sustainable and cleaner heating system has come on the back of rigorous government regulations to curb pollution.

Canada and the U.S. to remain happy hunting grounds

Robust government approach towards the development of solar energy and growth of residential and commercial infrastructure have made Canada a happy hunting ground. Notably, the government has shown increased inclination towards expanding the use of renewables. According to IRENA, Canada augmented the solar capacity by 61.62% from 2013 to 2018, the growth will be further propelled by government’s efforts to minimize the use of traditional source of energy.

The U.S. is witnessing dynamic government policies and increased awareness among millennials to reduce carbon footprint. Stakeholders have furthered their investments toward reducing energy emissions emanating from buildings.

Changing climatic conditions owing to global warming will further propel the trend for solar energy solution as investments for the growth of green building infrastructure have stimulated the demand for district heating systems.

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Burgeoning demand for heating among end-users and subsequent preventive measures on greenhouse emissions will bolster the footprint of solar district heating in the U.S. With the demand for district heating witnessing an upward growth trajectory in residential, commercial and industrial sectors, the North America solar district heating market share will potentially gain an uptick through 2025.

Table of Contents (ToC) of the report:

Chapter 2.  Executive Summary

2.1. North America Solar district heating market 3600 synopsis, 2014 – 2025

2.1.1.  Business Trends

2.1.2.  System Trends

2.1.3.  Application Trends

2.1.4.  Regional Trends

Chapter 3.  North America Solar District Heating Market Insights

3.1. Industry segmentation

3.2. Industry landscape, 2014 – 2025 (USD Million)

3.3. Industry ecosystem analysis

3.3.1.  Vendor matrix

3.4. Innovation & sustainability

3.5. Regulatory landscape

3.6. Entry Barriers

3.7. Industry impact forces

3.7.1.  Growth drivers

3.7.2.  Industry pitfalls & challenges

3.8. Growth Potential Analysis

3.9. Porter's analysis

3.10.     Competitive landscape, 2018

3.10.1.            Strategy dashboard

3.11.     PESTEL analysis

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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