Global Combined Heat and Power Market - 2019-2026
Global CHP Market Overview:
Cogeneration or Combined Heat and power (CHP) market is a system where it generates both heat and electricity simultaneously. CHP systems has high efficiency of 60% to 80% compared to separate power and heat plants. CHP systems are mainly suitable, where there is a continuous need for both energy and heat.
Global CHP market is accounted for a market value of USD 20.48 billion in 2017, and is expected to grow at a CAGR of 5.3% to reach USD 31.01 billion by 2025.
Global CHP Market Dynamics:
Increasing environmental concerns for carbon emissions from conventional power generation systems is driving the demand for CHP market globally.
The government support for incentive and to promote sustainable practices for power generation is also driving the growth for CHP market.
High cost of installations and implementation measures is hampering the growth of CHP market globally.
Global CHP market - Segment Analysis:
Global CHP Market is segmented by technology, fuel type, Application type and by Capacity.
By technology the market is segmented in to Combined Cycle, Steam turbine and Gas turbine. Combined cycle technology is the leading segment among others, as they are used in high power and heat requirements. Steam turbine segment is the fastest growing segment with increasing need of heat power in industries/ manufacturing centers.
By application, the market is segmented by Industrial, commercial and residential. Industrial sector is the largest segment with increasing manufacturing activities globally where they need process heat and power simultaneously.
Global CHP Market - Geographical Analysis:
By Geography the market is segmented in to North America, South America, Europe, Asia Pacific and rest of the World. Europe is the leading region and accounts for a major share in the Global CHP market in 2017. The growth is mainly due to government support, and favorable policies. Asia Pacific region is estimated to have fastest growth with increasing demand for energy and growing industrialization in the region.
Global CHP diagnostic Market - Competitive landscape:
CHP is highly concentrated among few key players such as General Electric, Mitsubishi, Caterpillar, Siemens, E-On and others. General Electric is the major player in the CHP market. The competition in the industry is increasing with rising number of small and established players in the market.
Industry players are increasingly launching new products and undergoing Mergers & Acquisitions to be competitive in the market. For instance, EC Power has partnered with Lochinvar to launch a cogeneration product for the North American market from 2019.
Why Purchase the Report?
● Visualize the composition of the global CHP market across each indication, in terms of type and treatment options, highlighting the key commercial assets and players.
● Identify commercial opportunities in global CHP market by analyzing trends and co-development deals.
● Excel data sheet with thousands of data points of the global CHP market.
● PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
● Product mapping in excel for the key products of all major market players.
● Equipment Suppliers/ Buyers
● Service Providers/ Buyers
● Industry Investors/Investment Bankers
● Education & Research Institutes
● Research Professionals
● Emerging Companies
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