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.
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Scope
of the Report
This study provides an overview of
the global combined heat and power (CHP) market, tracking three market segments
across four geographic regions. The report studies key players, providing a
five-year annual trend analysis that highlights market size, volume and share
for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The
report also provides a forecast, focusing on the market opportunities for the
next five years for each region. The scope of the study segments the global
combined heat and power (CHP) market by fuel, by technology, by type by end
user and by region.
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.
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Region Outlook
Europe accounts
for one of the largest installed bases of cogeneration power plants in the
world and continue to dominate the market of combined heat and power
(CHP). The easy availability of natural gas in Europe makes installation
relatively easier and more cost-effective. The region is a global
leader in micro-CHP engine with innovation and manufacturing centers
in Germany, the Netherlands and the U.K. This has been spurring the demand for
CHP installations in countries such as Belgium, Germany, Italy, and the
Netherlands. Moreover, 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.
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