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Combined Heat & Power Market by Capacity, Prime Mover, End-User - Global Forecast to 2023

The global combined heat & power market was valued at USD 19.62 Billion in 2017 and is expected to grow at a CAGR of 5.48% from 2018 to 2023. Increasing demand for energy efficiency in the industries and rising use of natural gas for power generation are the major drivers that would trigger growth in the combined heat & power market.

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Combined Heat & Power Market by Capacity, Prime Mover, End-User - Global Forecast to 2023

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  1. Combined Heat & Power Market by Capacity, Prime Mover, End-User - Global Forecast to 2023 www.MarketsandMarkets.com

  2. The Above 300 MW segment is expected to hold the largest share of the CHP market, by capacity, during the forecast period. The Above 300 MW segment consists of large coal, nuclear, or natural gas fired power plants, with gas turbines and steam turbines as the prime movers. The segment caters mainly to the utilities, district heating & cooling end-users. The segment is expected to be driven by the rising adoption of natural gas fired power generation in the Asia Pacific region, particularly in China and South Korea. The phasing out of coal-based power generation has given rise to large-scale natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and requirement of municipal district heating & cooling is driving the growth in this segment. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=26572447

  3. The utilities, district heating & cooling segment is expected to dominate the CHP market, by end-user, in 2018. The utilities, district heating & cooling segment refers to the supply of thermal energy generated at a central facility for applications such as space heating or water heating, steam provision throughout a city or district, and industrial complex or for cooling through trigeneration to provide chilled water. Utilities can use CHP systems to monetize heat generated as a by-product of electricity generation, combined with the savings from high operational efficiency of these systems to up to as much as 80% as compared with just 30% for non-CHP setup. The market for utilities, district heating & cooling segment will be driven by increasing energy efficiency regulations and compliance needs for utilities, the need to reduce carbon emissions and the cost savings offered by CHP systems, especially in regions of Europe and Asia Pacific. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=26572447

  4. Browse >> 77 market data tables 35 figures 138 pagesand in-depth TOC on “Combined Heat & Power Market - Global Forecast to 2023” Early buyers will receive 10% customization on this report. This is a Premium Report Priced at US $5650 for single user. Corporate User : US$8150 This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  5. Asia Pacific: Expected to be the leading market for CHP during the forecast period. The CHP market has been analyzed with respect to 6 regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The market in Asia Pacific is expected to lead the CHP market, by region. The increase in natural gas in the energy mix and need for energy efficiency in countries such as China, South Korea, and India is driving the market for CHP in the region. Rise in distributed power generation and emerging technologies such as fuel cell based micro-CHP has opened new opportunities for growth in the region. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=26572447

  6. Target Audience: • The target audience of this report includes: • Consulting companies in the energy sector • EPC contractors for CHP • Reciprocating engine manufactures • Gas and steam turbine manufactures • Fuel cell and microturbine manufactures • Environmental associations • Government and research organizations • Distributed energy associations • Investment banks • Power companies • Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=26572447

  7. Key players - • To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the CHP market. These include • GE (US), • Siemens (Germany), • 2G Energy (Germany), • Wärtsilä (Finland), • Mitsubishi Hitachi Power System (Japan), • FuelCell Energy (US), • Clarke Energy (UK), etc. • Buy Now : - • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=26572447

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 UK : 44-800-368-9399Email: sales@marketsandmarkets.com

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