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Global Combined heat and power installation market will reach US$812.80 bn by 2024, Increasing awareness about benefits of energy efficient technologies is leading the growth of CHP installations globally. CHP Installation market to expand at CAGR of 4.38% from 2016 to 2024
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Transparency Market Research Combined Heat and Power (CHP) Installation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2024 Published Date 2016-05-13 150 Page Report Request Sample Buy Now Press Release Combined Heat and Power (CHP) Installation to Surge Globally as Demand for Cost-Effective and Renewable Energy Rises Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Combined Heat and Power (CHP) Installation Market REPORT DESCRIPTION Global Combined Heat and Power Installation Market: Key Trends The upsurge in the consumption of fuel derived from biomass, wood, and waste heat, is likely to boost the installation of combined heat and power (CHP) across the globe. Transparency Market Research forecasts the global CHP installation market to exhibit a CAGR of 4.38% between 2014 and 2024. The prospects for CHP installations have improved globally in response to the rising energy prices. This, combined with stringent regulations implemented to curb carbon emissions from conventional systems, is expected to aid the proliferation of CHP systems worldwide. Browse Combined Heat and Power Installation Market Research Report: http://www.transparencymarketresearch.com/combined-heat-and-power.html CHP systems run on both renewable and non-renewable fuels such as natural gas, coal, wood, biomass, oil, and waste heat. They can operate at an efficiency level as high as 77% to 90% as compared to the 46% efficiency level of conventional systems. However, the best economics of a CHP system is achieved in cold climates, when the energy rates are high, prices of natural gas fall, and there is a continuous demand for heat. Besides this, diverse functionalities offered by CHP systems also encourage their installation in both colder and hotter regions. Strong Existing Network of CHPs to Boost their Installation Worldwide 2 Transparency Market Research
Combined Heat and Power (CHP) Installation Market Based on in-depth research, TMR has pegged the combined heat and power installations worldwide to reach US$812.80 bn by 2024. The global CHP installation market stood at US$524.89 bn in 2014. The market will further gain impetus from the strong existing CHP network. The increasing awareness about CHP systems, particularly in developing nations is likely to translate into increased sales for the global CHP installation market. These countries are exhibiting high aggregate demand for energy-efficient technologies, thus creating enough opportunities for the market to leverage from during the report’s forecast period. However, TMR expects the value chain of the global combined heat and power installation market to remain complicated with the prominent companies in the market adopting forward integration in response to the implementation of stringent policies by governments. Additionally, high initial cost incurred on the installation of CHP systems also discourages their widespread deployment. Nevertheless, the market is expected to find substantial opportunities in the residential and commercial energy markets in the near future. Get exclusive sample of this report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=966 Demand for Large-scale CHPs to Increase in Emerging Economies The global CHP installation market can be broadly bifurcated into micro- and small-scale CHPs and large-scale CHPs. The latter of these segments has been witnessing overwhelming demand over the last few years. By revenue, the large-scale CHPs segment accounted for a share of 85.69% in the market in 2014. However, the segment is likely to lose a significant portion of its market share in the forthcoming years as the usage of small-scale CHPs increase globally. Growth 3 Transparency Market Research
Combined Heat and Power (CHP) Installation Market exhibited by the micro- and small-scale CHPs is expected to be the fastest during the forecast period. Nevertheless, the increasing installation of CHP systems in developing nations such as India and China will keep the demand for large-scale CHP systems high during the forecast period. Easy Availability of Natural Gas Boosts CHP Installations in Europe Regionally, Europe exhibits the most lucrative prospects for the global combined heat and power installation market. The region held a share of 67.96% in the overall market in 2014. The easy availability of natural gas in Europe makes installation of CHPs relatively easier and more cost- effective. This has been spurring demand for CHP installations in countries such as Belgium, Germany, Poland, Italy, and Netherlands. The leading vendors in the market are also exploring opportunities in Asia Pacific. The 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 competitive landscape of the global combined heat and power installation market is highly fragmented. Some of the leading enterprises operating in the market include 2G Energy AG, Siemens AG, Edina Ltd., Wärtsilä Corporation, ENER-G Holdings Plc (ENER-G), Clarke Energy Ltd., and others. About Us 4 Transparency Market Research
Combined Heat and Power (CHP) Installation Market Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/ Browse The Market Research Blog : http://cmfeglobalreports.blogspot.in/ 5 Transparency Market Research