The size of the district heating and air conditioning market in North America is expected to grow in popularity in the coming years as solar thermal and cogeneration systems rapidly replace conventional heating systems. The implementation of strict regulatory guidelines due to increasing levels of carbon emissions will increase the district heating and cooling market share in North America. Rapidly changing climatic conditions have led to an increasing propensity to adopt more sustainable heating and cooling solutions in recent years.
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This factor, combined with increasing efforts to advance energy security, will give new impetus to the district heating and cooling industry in North America. Some of the key parameters influencing product adoption include fuel flexibility, minimal heat loss, and low operating costs. Several efforts are underway for the recovery and recycling of waste energy in North America, alongside the rapid adoption of energy efficiency mandates and standards, which is likely to increase the prospects of the regional market in the years. to come up.
Rapid replacement of traditional heating units with sustainable technologies
High acoustic performance combined with bulk production capacities are among the main advantages motivating the adoption of these heating technologies.
In addition, the district cooling and heating market in North America will quickly gain ground as concerns about soaring electricity prices continue to grow. This price escalation has triggered a massive increase in demand for more energy efficient heating technologies, which in turn could lead to the expansion of district heating networks across the region.
Growing interest in investments in trade infrastructure development
In terms of application, the commercial sector is poised to generate lucrative growth prospects for the district heating and cooling industry in North America, given the proliferation of investments to develop new infrastructure. Persistent efforts are underway to limit specific energy consumption in various commercial establishments. Additionally, the booming service industry and the growing prevalence of data centers in the region have driven the demand for sustainable heating and cooling solutions in North America.
For example, Amazon Web Services has revealed plans to build a 170,000 square foot data center in New Albany. United States The project, which cost more than $ 400 million, aimed to meet the needs of a growing consumer base. Meanwhile, the outlook for the North American heating and air conditioning market in the residential applications segment is expected to show a positive trajectory over the next few years, as the investment interest in green building development increases. . According to a 2019 USGBC (US Green. Building Council) study, LEED-certified homes have grown by more than 15%, with more than 400,000 units built nationwide.
Increased focus on carbon mitigation in Canada and the United States
Conventional cooling and heating systems are increasingly being replaced with more efficient and durable DHC units, which could accelerate the growth of the US district heating and cooling market. Strict regulatory mandates for effective monitoring of carbon emissions will further stimulate business growth. By way of illustration, in 2015 the US EPA (Environmental Protection Agency) launched a carbon pollution standard under the Clean Air Act, aimed at controlling and monitoring SOx and CO2 emissions in the region. .
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The Canadian district heating and air conditioning market is also expected to grow in the coming years, due to increasing investment efforts for the development of new establishments and the renovation of existing establishments. In addition, the region faces extreme winter conditions, which is driving demand for robust heating technologies.
Table of contents (ToC) of the report:
Chapter 1. Methodology and scope
1.2. Market definitions
1.3. Market estimates and forecast parameters
1.4. Information source
Chapter 2. Executive summary
2.1. Heating and Air Conditioning Market in North America 3600 synopsis, 2015 – 2026
Chapter 3. North America District Heating and Cooling Industry Overview
3.1. Industry segmentation
3.2. Industry landscape, 2015-2026
3.3. Industry ecosystem analysis
3.3.1. Supplier matrix
3.4. Innovation and sustainability
3.5. Regulatory landscape
3.6. Industry impact forces
3.6.1. Growth engines
3.6.2. Pitfalls and challenges of the industry
3.7. Growth potential analysis
3.8. Porter’s analysis
3.9. Competitive landscape, 2019
3.9.1. Strategy dashboard
3.10. PESTEL analysis
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