Combined Heat and Power (CHP) Market Highlights:-
The deployment of combined heat and power (CHP) technologies, need for energy efficiency, and the increasing use of government incentives to promote cogeneration are some of the major factors which will drive the growth of the CHP market. CHP is receiving enormous support from various governments around the world in the form of favorable policies and incentives. Governments in different regions are promoting cogeneration technology through various long-term policies, and financial incentives which drive the market in the upcoming period. Furthermore, 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.
The Combined Heat and Power (CHP) Market is expected to grow over the CAGR of around 6.94 % during the period 2017 to 2023.
The Japanese government offers grants for the expansion of this green technology. The demand for small scale CHP systems for housing as well as viable purposes has commanded to the region’s supremacy in the market. Cumulative connection of CHP systems in developing nations such as India, South Korea and China will preserve the demand for large-scale CHP systems high during the forecast period.
Combined Heat and Power (CHP) Global Market – Competitive Analysis
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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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.
Major Points From TOC:-
1 Executive Summary
2 Research Methodology
3 Market Dynamics
4 Global Combined Heat And Power Market, By Fuel
5 Global Combined Heat And Power Market, By Technology
6 Global Combined Heat And Power Market, By Type
6.2 Large Scale
6.3 Small Scale
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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.
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