The report for Global Combined Heat and Power (CHP) Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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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.
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 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.
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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