Global Combined Heat and Power Market

Global Combined Heat and Power Market Industry Overview Combined heat and power, also known as cogeneration, is the production of heat and electricity from a single source at the same time. It is a system that reclaims lost energy by using the waste heat to provide heat to the power plant or to the buildings which are connected to the power plant through a steam pipe network. The global combined heat and power market is growing at a good rate and also expected to grow at a decent rate in the coming years, as it increases the efficiency of power generation up to 80% and is suited for industrial parks, military bases, college campuses, and others which are close to the power sources to use the cogenerated heat.

Global Combined Heat and Power Market Growth Drivers Increasing energy demand in commercial and industrial sector, stringent government regulation, abundant natural gas supply along with low pricing are the major factors that are driving the combined heat and power market growth. The demand of energy is increasing in commercial and industrial sector and this is a clean way to generate electricity and thermal energy from a single fuel cell, which can significantly reduce the dependency of electricity purchasing from local utility and afterwards burning fuel in a boiler, and hence driving the market growth.

Global Combined Heat and Power Market Geographic Overview: Globally, Asia-Pacific is the largest combined heat and power market and is also expected to retain its largest share during the forecast period. Rapid industrialization and growing urbanization along with the increasing demand of clean fuel energy will propel the growth of the regionâ&#x20AC;&#x2122;s combined heat and power industry. Along with that, strict norms to reduce the carbon emission along with decentralized power generation will propel the market growth in the region.

Global Combined Heat and Power Market Competitive Insight ENER-G Rudox, AN Diesel & Turbo, General Electric, Caterpillar, Mitsubishi, Kawasaki, Bosch Thermotechnology, Viessmann Werke, FuelCell Energy, MWM, Cummins, Veolia, BDR Thermea, CENTRAX Gas Turbines, Wartsila, ABB, 2G Energy, Aegis Energy, and Siemens AG are some of the major players operating in the combined heat and power industry. Explore

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Global Combined Heat and Power Market – Analysis and Forecast (2018-2024)

Published on Jan 14, 2019

kumarharindra784

Industry Overview Combined heat and power, also known as cogeneration, is the production of heat and electricity from a single source at the same time. It is a system that reclaims lost energy by using the waste heat to provide heat to the power plant or to the buildings which are connected to the power plant through a steam pipe network. The global combined heat and power market is growing at a good rate and also expected to grow at a decent rate in the coming years, as it increases the efficiency of power generation up to 80% and is suited for industrial parks, military bases, college campuses, and others which are close to the power sources to use the cogenerated heat.