Technology Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025), Application Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025), System Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025), Regional Outlook (Volume, Thousand Units; Revenue, USD Million, 2014 - 2025), We never share your personal data. America Solar District Heating market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. All quotes are in local exchange time. Copyright © 2020 MarketWatch, Inc. All rights reserved. A testimonial for service in the form of BBB "A" Accreditation. Jul 01, 2020 (Market Insight Reports) -- 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.

Solar thermal heating in residential buildings provides a relatively cheap option for reducing dependence on electricity or fossil fuels, especially over the long term. Copyright © 2020 Grand View Research, Inc. All rights reserved. Strict government regulations to curb greenhouse gas emissions, along with growing demand for water heating systems - especially in colder regions, are predicted to augment the adoption of these systems and boost industry growth. Asia Pacific is predicted to lead the global industry, in terms of revenue, over the forecast period.

This equates to 43 million tons of oil saved and 138 million tons of CO2emissions avoided. However, a lot of space is required in the installing of the solar water heater which can cause problems in areas where the space availability is a constraint.
Factors such as reducing carbon footprint and increasing efficiency, clubbed with the increase in usage of solar heater due to the declining prices and growing adoption of glazed solar heater, are likely to drive the solar water heater market during the forecast period. By using this site you agree to the This can be attributed to increasing energy prices, growing global population, and rising demand for energy-efficient water heaters. Privacy Policy. 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.

The simplistic design coupled with affordable price and convenience in installation and usage is among the important attributes like to boost the adoption of these products.

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2014 to 2025. 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.
Middle-East and Africa are expected to record the highest growth. These systems are installed as a built-in block in order to provide sustainable heating solutions to hotels, multistory buildings, industries and data centers. Europe dominates the global Solar District Heating market value in 2019 and is estimated to dominate the market by the end of the forecast period.

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. Most of the unglazed solar water heaters are used in North America.

The introduction of stringent regulations, coupled with government incentives such as tax rebates, tax credit, and financial subsidies, will boost the adoption of these systems. 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.

The region is expected to increase its electricity generation from 7 peta-joule (PJ) to around 91 PJ by the year 2025. High growth rate, coupled with positive economic performance, is predicted to propel China over the next decade, as large investments in research and development are expected to augment growth. Asia-Pacific and Middle-East on the other hand are tilted more towards glazed solar water heater with nearly 100 % of the solar water heater being of glazed type. online dashboard trial.