Industry Analysis & Industry Trends
The phase-out of ozone-depleting heating and cooling systems has motivated building owners to opt for cost-effective alternatives such as district heating and cooling, a large segment in this mature industry. Once district heating and cooling systems are established, they tend to grow substantially as new clients are added to the network. This may help ensure industry growth well into the future... purchase to read more
Industry Report - Industry Investment Chapter
The Steam and Air-Conditioning Supply industry is a capital intensive industry and the efficiency with which capital is employed has a strong influence on costs. As expected, this industry is well within the range for high capital intensity, meaning operators spend an estimated $0.76 on capital for every dollar spent on labor. The industry relies on investment in infrastructure such as extensive pipe networks, boilers and heat exchangers to earn revenue. Parts of the industry's pipe network have been operating for decades and capital requirements will be substantial as these systems are upgraded. Meanwhile, capital intensity has not increased substantially over the past five years as firms have not yet upgraded their systems... purchase to read more