DUBLIN--(BUSINESS WIRE)--The "Global Combined Heat and Power Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Due to the increasing demand for electricity across the globe, coupled with rising concerns for environment protection, there is an increase in the demand for CHP or cogeneration technology. Instead of purchasing electricity from the distribution grid and 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. CHP technology could offer 85-90% efficiency compared to conventional heat and power generation methods.
CHP is receiving enormous support from various governments around the world, in the form of favorable policies and incentives. Governments in different regions are promoting cogeneration technology through various long-term policies and financial incentives.
As of 2016, CHP accounted for approximately 15% of its heat requirement and 11% of its electricity requirements in the European Union. Russia alone has a large number of CHP installed capacity compared to the rest of Europe and depends largely on combined heat and power systems to meet a significant share of its heat requirements.
China's energy consumption has been growing rapidly, and energy and environmental issues have become a key challenge to China's sustainable development. The Chinese government has started to pay unprecedented attention to energy efficiency and emissions reductions, proposing an ambitious target to reduce energy intensity by 20%. As important energy efficiency technologies, combined heat and power is expected to achieve significant attention in the form of legislative and economic support.
MAN Diesel & Turbo
- ENER-G Rudox
- Caterpillar Inc.
- Mitsubishi Heavy Industries Ltd
- General Electric Company
- Kawasaki Heavy Industries Ltd
- Bosch Thermotechnology Ltd
- Viessmann Werke GmbH & Co. KG
- FuelCell Energy Inc.
- Siemens AG
- Wartsila Oyj Abp
- ABB Ltd
- Aegis Energy Services Inc.
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Supply Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/m8sbh7/global_combined?w=4