Combined Heat and Power (CHP) Market Counting healthy CAGR 6.94 Up To 2023 | by Industry Size, Shares and Revenue | Future Vision Footbridge by Market Research Future

Market research future published a half cooked research report on global combined heat and power (CHP) market. The Combined heat and power (CHP) market is expected to grow over the CAGR of around 6.94 % during the period 2017 to 2023.

Market Highlights

Combined heat and power plants are typically embedded close to the end user and helps to reduce transportation and distribution losses, improving the overall performance of the electricity transmission and distribution network. It also acts as energy multiplier, helping to cut carbon emissions, increase power reliability and save money. This technology is widely available, with further opportunities for development and enhancement. Furthermore, only suitable where there is a need for both electricity and hot water on site which acts as a barrier for the growth of the market. Presence of a large number of companies offering diverse products and services related to CHP installations is fueling competition in the global CHP installation market.

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Market Scenario

Combined heat and power (CHP) is referred as cogeneration or total energy, and generates usable heat and power in a single process. It represents a series of reliable and cost-effective technologies which makes an important contribution for meeting global heat and electricity demand. The deployment of combined heat and power (CHP) technologies, need for energy efficiency, and the increasing use of government incentives to promote cogeneration are some of the major factors which will drive the growth of the CHP market. CHP is receiving enormous support from various governments around the world in the form of favorable policies and incentives. Governments in different regions are promoting cogeneration technology through various long-term policies, and financial incentives which drive the market in the upcoming period. Furthermore, presence of a large number of companies offering diverse products and services related to CHP installations is fueling competition in the global CHP installation market

Combined heat and power plants are typically embedded close to the end user and helps to reduce transportation and distribution losses, improving the overall performance of the electricity transmission and distribution network. It also acts as energy multiplier, helping to cut carbon emissions, increase power reliability and save money. This technology is widely available, with further opportunities for development and enhancement. Furthermore, only suitable where there is a need for both electricity and hot water on site which acts as a barrier for the growth of the market. The combined heat and power market is expected to grow over the CAGR of around 6.94 % during the period 2017 to 2023.

Market Research Analysis

Cogeneration is appropriate where a facility has a continuous demand for heating or cooling as well as demand for electrical or mechanical power. It is generally installed on-site for large facilities, such as factories, institutions, commercial buildings, multi-unit residential buildings and district energy systems. Cogeneration (CHP) is a well-proven technology and recognized as a cleaner alternative to traditional centralized generation. Each cogeneration system is adapted to meet the needs of an individual building or facility and it is modified according to its location, size, and energy requirements of the site. CHP is not only limited for specific type of facility but also used in operations with sustained heating requirements. CHP process can be applied to both renewable and fossil fuels. The specific technologies employed, and the efficiencies they achieve will vary, but in every situation CHP offers the capability to make more efficient and effective use of valuable primary energy resources.

Scope of the Report

This study provides an overview of the global combined heat and power (CHP) market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global combined heat and power (CHP) market by fuel, by technology, by type by end user and by region.

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By Fuel

  • Natural Gas
  • Coal
  • Biomass
  • Others

By Technology

  • Combined Cycle
  • Steam Turbine
  • Gas Turbine
  • Others

By Type

  • Large Scale
  • Small Scale

By End User

  • Residential
  • Commercial
  • Industrial

By Regions

  • North America
  • Asia Pacific
  • Europe
  • Rest of the World

Key Players

The key players of global combined heat and power (CHP) market are  MAN Diesel & Turbo SE (Germany), Caterpillar Inc.(U.S.), Mitsubishi heavy Industries ltd.(Japan), General Electric (U.S.), Cummins(U.S.), Bosch Thermotechnology Ltd.( U.K),ABB Limited(Switzerland ), ENER-G Rudox (U.S.), Veolia (France )and others.

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Table of Content:

1 Executive Summary

2 Research Methodology

2.1 Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Combined Heat And Power Market, By Fuel

4.1 Introduction

4.2 Natural Gas

4.3 Coal

4.4 Biomass

4.5 Others

5 Global Combined Heat And Power Market, By Technology

5.1 Introduction

5.2 Combined Cycle

5.3 Steam Turbine

5.4 Gas Turbine

5.5 Others

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