Press release
What's Driving the Combined Heat and Power Market Growth? Caterpillar, Yanmar, Veolia, Siemens, ABB, GE, Bosch Thermotechnology, Cummins
Combined Heat and Power Market Forecast to 2026 released By DEC Research provides Market information about industry Top Key Players, Countries, Type and Application. This Combined Heat and Power industry report also states Company Profile, sales, Combined Heat and Power Market revenue and price, market share, market growth and gross margin by regions, Strategic recommendations for the new entrants, Market forecasts for a minimum of five years of all the mentioned segments, sub segments and the regional markets.Request a sample of this research report @ https://www.decresearch.com/request-sample/detail/1537
On the basis of fuel, combined heat and power industry is segmented into natural gas, coal, and biomass. Biomass fuel segment is estimated to witness a robust CAGR over the coming years on account of favorable schemes and policies by the government, such as renewable energy certificates, road transport fuel certificates, and non-domestic renewable heat incentive.
Biomass fuels prove to be the most efficient and beneficial when used for generating both heat and power through CHP. This can be attributed to advantages such as lower emissions, waste reduction, energy cost savings, the security of a domestic fuel supply, and local economic development. Additionally, biomass is more flexible and reliable than other renewable sources.
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Leading Key Players in Combined Heat and Power Market are:
o Kawasaki Heavy Industries
o MAN Diesel & Turbo SE
o Wrtsil
o Caterpillar
o Yanmar
o Veolia
o Siemens
o ABB
o GE
o Bosch Thermotechnology
o CumminsInc.
o Edina
o MWM
o Aegis Energy ServicesInc.
o ENER-G Rudox
o Fuel Cell Energy Inc.
o Viessmann Werke GmbH Co.
o Mitsubishi Hitachi Power Systems Ltd.
o The Drr Group
o Centrax Gas Turbines
o BDR Thermea Group
o 2G Energy AG
Considering the technology landscape, the market can be classified into steam turbine, gas turbine, combined cycle, and reciprocating engine. Steam turbines are anticipated to experience rapid adoption in the next few years owing to high reliability and long working life. The capacity of these turbines varies from 0.5 MW to several hundred megawatts.
Steam turbines are best-suited for medium and large-scale industrial applications where low-cost fuels such as biomass, coal, solid wastes and byproducts, refinery off gases, and refinery residual oil is readily available. As of 2016, nearly 700 sites in the U.S. were using steam turbines for CHP operations, according to the U.S. Department of Energy.
Reciprocating engines are gaining traction and the segment will witness substantial growth in the near future. Factors such as excellent thermal efficiency and lower exhaust emissions make these engines preferable for application in gas turbines and diesel engines. Reciprocating internal combustion engines are a mature technology with high reliability and excellent efficiency.
These engines are increasingly being preferred for a variety of distributed generation operations and are prominently used across different industrial, commercial, and institutional facilities for CHP generation. Citing data from the U.S. Department of Energy, approximately 2,400 reciprocating engine CHP systems were installed in the U.S. in 2016, constituting 54% of the entire population of installed CHP systems.
Table of content:
Chapter 4 CHP Market, By Fuel
4.1 CHP market share by fuel, 2019 & 2026
4.2 Natural gas
4.2.1 Global market from natural gas, 2018 - 2024
4.2.2 Global market from natural gas, by region, 2016 - 2026
4.3 Coal
4.3.1 Global market from coal, 2016 - 2026
4.3.2 Global market from coal, by region, 2016 - 2026
4.4 Biomass
4.4.1 Global market from biomass, 2016 - 2026
4.4.2 Global market from biomass, by region, 2016 - 2026
4.5 Others
4.5.1 Global market from others, 2016 - 2026
4.5.2 Global market from others, by region, 2016 - 2026
Chapter 5 CHP Market, By End use
5.1 CHP market share by end use, 2019 & 2026
5.2 Residential
5.2.1 Global market from residential, 2016 - 2026
5.2.2 Global market from residential, by region, 2016 - 2026
5.2.3 Space heating/cooling
5.2.3.1 Global market from space heating/cooling, 2016 - 2026
5.2.3.2 Global market from space heating/cooling, by region, 2016 - 2026
Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com
About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.
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