Market – Overview
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.
Combined heat and power plants are characteristically entrenched close to the customer and assists to decrease conveyance and circulation losses, refining the general presentation of the energy transmission and distribution grid. CHP also acts as power multiplier, assisting to amend carbon discharges, upsurge power dependability and save money. CHP technology is extensively available, with further chances for expansion and augmentation. Additionally, it is only suitable where there is a growing need for both electricity and hot water, which acts as a hinderance for the growth of the market.
Combined Heat and Power (CHP) Global Market – Competitive Analysis
Characterized by the existence of several well-established and minor players, the global market of Combined Heat and Power (CHP) appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. These key players compete based upon pricing, and services. Vendors operating in the market strive to deliver the best quality products and services based on innovative technologies, and best practices. These key players make a substantial investment for R&D and to secure a guaranteed resource for the customers. Combined Heat and Power (CHP) market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further.
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In May, 2017 – MAN Diesel & Turbo Upgrades CHP plant at Deutsche Bundesbank. MAN Diesel & Turbo has promoted the automation organisation on a 19-year old 6L 32/40DF engine functioned by Deutsche Bundesbank in Frankfurt, Germany.
In June, 2016 – MAN Diesel & Turbo presented a new integrated concept for Combined Heat and Power gas engine power plants. The company is retorting to increasing European demand for highly effective and elastic technologies for energy generation.
In July, 2017 – MAN Diesel & Turbo has commissioned the planning and investment approval of the construction of a 30 MW gas engine power plant at Energie Baden-Württemberg AG (EnBW). The combined heat and power plant (CHP) at the Stuttgart-Gaisburg site will be functioned by the use three MAN type 20V35/44G gas engines and will not only source electrical power but also an supplementary 30 MW of district heating.
In May, 2017 – Cummins launched its latest natural gas generator set across all 50 Hz Counties. The newest member of the QSK60 Series, the C1540 N5CC, porposes a new customer choices that brand it an ideal fit for both independent power producer (IPP) and combined heat and power (CHP) applications.
Top 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.
Global Combined Heat and Power (CHP) Market – Region Outlook
Europe accounts for one of the largest installed bases of cogeneration power plants in the world and continue to dominate the market of combined heat and power (CHP). The easy availability of natural gas in Europe makes installation relatively easier and more cost-effective. The region is a global leader in micro-CHP engine with innovation and manufacturing centers in Germany, the Netherlands and the U.K. This has been spurring the demand for CHP installations in countries such as Belgium, Germany, Italy, and the Netherlands. Moreover, high demand for small-scale CHPs in Japan, coupled with their increasing installation across diverse industries, has been boosting demand for the CHP installation in the region. The Japanese government provides subsidies for the development of this green technology. The demand for small scale CHP systems for residential as well as commercial purposes has led to the region’s dominance in the market. Increasing installation of CHP systems in developing nations such as India, South Korea and China will keep the demand for large-scale CHP systems high during the forecast period.
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Major Points of TOC:-
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Combined Heat And Power Market, By Fuel
4.2 Natural Gas
5 Global Combined Heat And Power Market, By Technology
5.2 Combined Cycle
5.3 Steam Turbine
5.4 Gas Turbine
6 Global Combined Heat And Power Market, By Type
6.2 Large Scale
6.3 Small Scale
7 Global Combined Heat And Power Market, By Application
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