Press release
Combined Heat and Power Market Receives a Rapid Boost in Economy due to High Emerging Demands by 2023
Combined Heat and Power Market is estimated to reach USD +20 Billion in 2018 and is projected to reach USD +26 Billion by 2023, at a CAGR of +5%
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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
Some of the leading vendors: Acumentrics Corporation, Ceramic Fuel Cells Limited, Ceres power holding PLC, Climate energy LLC, Cogen Microsystems, ENE Farm, Hexis Ltd, Honda Motor Co. ltd. and Whisper tech
Combined heat power market is segmented into gas turbine, micro turbine, spark ignition reciprocating engine, steam turbine and fuel cells. There is a great potential in the market of micro CHP units due to their easy operating features, which provides numerous benefits in residential and commercial areas..
Combined Heat Power Market is a clean and efficient approach to generate thermal energy and on-site electric power from a single source. Its greater efficiency compared to conventional fired power plants and lower operating cost makes its adoption preferable over other available alternatives. It can use a variety of fuels, both renewable and fossil fuel such as coal, natural gas, biomass. These systems find its wide application among residential, commercial, and industrial sector.
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Table of Content:
Chapter 1 Industry Overview of Combined Heat Power
Chapter 2 Manufacturing Cost Structure Analysis of Combined Heat Power
Chapter 3 Technical Data and Manufacturing Plants Analysis of Combined Heat Power
Chapter 4 Global Combined Heat Power Overall Market Overview
Chapter 5 Combined Heat Power Regional Market Analysis
Chapter 6 Major Manufacturers Analysis of Combined Heat Power
Chapter 7 Development Trend of Analysis of Combined Heat Power Market
Chapter 8 Combined Heat Power Marketing Type Analysis
Chapter 9 Conclusion of the Global Combined Heat Power Market Professional Survey Report 2018
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