Selbyville, Delaware, Nov. 28, 2019 (GLOBE NEWSWIRE) --
Global Industrial & Residential Heating Market revenue is projected to surpass $24 billion by 2026, as reported in the latest study by Global Market Insights, Inc. Economic escalation along with ongoing urbanization and industrialization is positively influencing the installation for these units.
Stringent government norms subject to energy security coupled with increasing regulatory focus toward smart building technologies will foster the global industrial and residential heating market share. High standard of operations, maintenance and reduced upfront cost are the key features which will augment the industry potential. Furthermore, technological enhancement in product development & design in line with continuous research & development activities have also integrated a favorable industry scenario for the market participants.
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Growing heating & cooling demand coupled with the rapid penetration of intermittent sustainable energy supply are raising various questions about grid reliability. Moreover, extreme climatic conditions owing to increasing surface temperature across the South Asian nations and the Europe has led to positive business scenario for leading industry players. Shifting focus toward the adoption of an effective heating technology will further escalate the residential & industrial heating market growth. In addition, significant fund allocation toward widespread installation of heating systems in industrial & residential establishments will positively sway the industry potential.
Some major findings of the global industrial & residential heating market report include:
- The demand for wood & pellet heating appliances is increasing across residential & industrial peripherals owing to their benefits including ease of resource availability and low thermal losses.
- Growing fund allocation across emerging economies having extreme climatic conditions is projected to drive the business growth.
- Major participants operating across the Industrial and residential heating market are Tulikivi, Tiileri, Jotul, B&W etc.
Browse key industry insights spread across 201 pages with 192 market data tables & 38 figures & charts from the report, “Industrial & Residential Heating Market Share By Wood & Pellet Heating (Fireplaces, Catalytic Wood Stoves, Masonry Heaters, Boilers), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026”in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-and-residential-heating-market
Rising concerns owing to adverse carbon emissions have increased the clean and sustainable energy systems demand across Europe. Growing installation and integration of sustainable systems to curb harmful environmental impacts will strengthen the wood and pellet fired heating systems deployment. The continuous efforts by the government to reduce GHG emissions have significantly raised the investments toward the establishment of sustainable technology across the region.
Ongoing urbanization & industrialization across emerging nations owing to rising standards of living will strengthen the residential & industrial heating market share. Growing infrastructural expenditures in line with regulatory schemes toward the establishment of green building solutions will enhance the business outlook. According to UN statistics (2017), the urban population was over 55% of the overall population and is projected to expand over 68% by 2050. Economies of scale, better air quality, low thermal losses, ease of resource availability are the key features acquired by heating systems and making its incorporation preferable over available counterparts.
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Micro Combined Heat and Power Market Share 2024: The U.S. micro CHP market in 2017 was valued USD 700 thousand. Increasing demand for efficient and sustainable space heating and cooling solutions on account of accelerating investments toward the development of infrastructure sector will propel the product penetration. Favorable government measures to enhance the deployment of green technologies along with strict government norms pertaining to carbon emissions will further augment the industry dynamics.
https://www.gminsights.com/industry-analysis/micro-combined-heat-and-power-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.