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North America solar district heating market size to grow substantially during 2020-2025
Market Study Report, LLC.
8 min read

In the latest ‘North America solar district heating market’ report, key trends are plotted at a macro level to help clients and businesses comprehend the behavior of this industry vertical during 2019-2025.

Selbyville, Delaware, Nov. 23, 2020 (GLOBE NEWSWIRE) -- According to market analysts, adoption of renewable energy solutions facilitated by implementation of regulations by government and other authorities for reducing environmental impact of heat generation is projected to drive North America solar district heating industry growth during the forecast period.

In order to gain a better understanding of the overall market size, the authors of the report have classified the industry based on system type, application scope, and regional extent. These segments are studied extensively in terms of their revenue share and growth potential to identify the top growth prospects going forward. Proceeding further, the document analyzes the competitive landscape with the help of detailed business profiles comprising of important data points such as geographical presence, product portfolio, strengths & weakness, and production capacities among others.

Moreover, escalating demand for energy-efficient and sustainable heating infrastructure in consort with ongoing development of residential and commercial sites will expand the business horizon. Further, increasing efforts towards replacing conventional district heating systems with sustainable technologies is boosting the growth of solar district heating market in North America.

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Notably, reduced environmental footprint, extended lifespan, along with lower maintenance & operational cost are the key benefits fueling the demand for solar district heating systems. In addition, technological innovations in terms of product design & development is likely to bolster the market scenario.

System type overview

North America solar district heating market is bifurcated into small systems and large systems. Both these segments are further split into industrial, commercial, and residential. Large scale solar DH (district heating) systems are bound to witness an increased demand over the forecast timeframe due to sustained investments in commercial and industrial sector. These systems are deployed as pre-built blocks across hotels, industries, multi-story buildings, and data centers.

Application scope

North America solar district heating market application spectrum includes residential, commercial, and industrial sectors. The commercial segment is further divided into office buildings, college/universities, government/military, and others. Whereas, industrial segment is fragmented into refinery, chemicals, paper, and others.

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