Combined Heat & Power (CHP)
1 . Combined Heat and Power Industry Market Research Reports, Analysis & Trends
Combined heat & power industry comprises companies that operate by generating electrical power and useful thermal energy from a single fuel source. They produce the electric power themselves instead of purchasing electricity from the distribution grid and then burning fuel in an on-site furnace or boiler to produce thermal energy. An industrial or commercial facility can use CHP to provide both energy services in one energy-efficient step thereby making it more reliable, cost effective, environmental friendly and sustainable. The average efficiency of power generation in the US has remained at 34% ever since the 1960s and the energy lost in wasted heat from power generation in the US is greater than the total energy use of Japan. CHP basically captures this waste energy and uses it to provide heating and cooling to factories and businesses, saving the organizations money and improving the environment. CHP is a commercially available clean energy solution that directly addresses a number of national priorities including improving the competitiveness of US manufacturing, increasing energy efficiency, reducing emissions, enhancing energy infrastructure, improving energy security and growing global economy.
The CHP has been in use in the US in some form or another for more than 100 years, and it remains an underutilized resource today. CHP currently represents approximately 8% of US generating capacity compared to over 30% in countries such as Netherlands, Denmark, and Finland. CHP fuels globally estimated and analyzed include natural gas, biomass, coal, and others such as wood, oil and process waste heat. The growing demand are directed from the factors such as abundant supply of natural gas at competitive prices, favorable regulatory scenario and increasing application scope for the next five years.
2 . Current Trends in Combined Heat & Power Industry Market
Today, CHP installation is a highly capital intensive process that carries a significant risk value, and it is expected to act as a barrier to market growth in the coming future. Basically, the inter-connection standards between co-generation systems and utilities vary regionally, so it makes it difficult for CHP technology companies to manufacture components and makes co-generation system installation more complex and costly. That is the reason there is a risky growth potential and also the uneven influence and demand from the organization and industries. The industrial applications dominated the CHP systems market and it accounted for over 67.8% of the overall demand in 2011 and the commercial applications followed industrial applications in terms of the overall volume and it is expected to grow at a CAGR of 15.9% from 2012 to 2018. Also known as co-generation systems , CHP are used for multiple purposes and in multiple areas, by simultaneous generation of both electricity and heat energy. In CHP, the heat generated while generating electricity is captured and used for heating purposes, thereby increasing the efficiency of the system by avoiding the heat losses.
The ever growing rising energy prices and increasingly stringent regulations regarding energy consumption and emissions have resulted in a surge in demand for CHP systems. To add to the problematic scenario, the high initial investment and problem in interconnecting with the existing grid, are all acting as the major impediments for the growth of this market. However, there is an important and increased awareness from both the industry and the consumer about the environmental safety and guidelines and the overall cautiousness in handling and utilizing products that are nature and environmentally friendly.
3 . Major Industry Players
Major players in the combined heat & power industry include, EON Group, General Electric Energy, Mitsubishi Power Systems Americas Inc, Siemens Energy, Alstom and Caterpillar.
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Combined Heat & Power (CHP) Industry Overall Growth Forecast
We offer syndicated/off-the-shelf and custom market research reports covering Combined Heat & Power (CHP) industry. These reports are designed to provide a wholistic view of the global Combined Heat & Power (CHP) industry.
The major growth forecast covered are:
- Combined Heat & Power (CHP) Industry CAGR % Growth Forecast for 2022-2028
- Combined Heat & Power (CHP) Industry Value Growth Forecast for 2022-2028
- Combined Heat & Power (CHP) Industry Key Companies Growth Forecast for 2022-2028
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Combined Heat & Power (CHP) Industry Regional Data Coverage
The reports offered by us provide deep regional data for Combined Heat & Power (CHP) industry. This information is designed to help decision makers identify the key growth markets of Combined Heat & Power (CHP) industry and prepare their business strategy accordingly.
The major regional data covered are:
- Combined Heat & Power (CHP) Industry Region-Wise Growth Trends
- Combined Heat & Power (CHP) Industry Key Country Growth Opportunities
- Combined Heat & Power (CHP) Industry Focus on Most Important Markets
Combined Heat & Power (CHP) Industry Trends Analysis
The reports covering Combined Heat & Power (CHP) industry offer trends analysis of various types. These include overall key growth opportunities in global Combined Heat & Power (CHP) industry.
The major trends and analysis covered are:
- Combined Heat & Power (CHP) Industry Key Player Profiles
- Combined Heat & Power (CHP) Industry SWOT Analysis
- Combined Heat & Power (CHP) Industry Growth Drivers and Challenges
2 . Latest Market Research Reports on Combined Heat & Power (CHP) Industry
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Title | Published | Pages | Price |
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DISTRICT HEATING (Finland) - Industry Report | Feb 13 2023 | 100 | USD 1,080.00 |