DUBLIN--(BUSINESS WIRE)--The "Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The CHP market is projected to reach USD 27.01 billion by 2023, at a CAGR of 5.48%, from 2018 to 2023. Increasing demand for energy efficiency in the industries and rising use of natural gas for power generation are the major drivers of the CHP market. High installation and maintenance cost can hinder the growth of the CHP market.
The utilities, district heating & cooling of the end-user segment is expected to grow at the highest CAGR, during the forecast period, owing to the growing need for process steam in industries. Rise of natural gas fired power generation in North America and Asia Pacific is expected to offer a lucrative opportunity for the CHP market.
The market in Asia Pacific is currently the largest for CHP systems followed by the European market. Rapid economic growth in China along with the transition from coal-based generation to gas-fired power generation is expected to drive the CHP market in the Asia Pacific region.
- 2G Energy
- AB Holding
- Caterpillar Energy Solutions (MWM)
- Clarke Energy
- Fuelcell Energy
- Man Diesel & Turbo
- Mitsubishi Hitachi Power Systems
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Combined Heat & Power (CHP) Market, By Capacity
7 Combined Heat & Power (CHP) Market, By Prime Mover
8 Combined Heat & Power (CHP) Market, By End-User
9 Combined Heat & Power (CHP) Market, By Region
10 Competitive Landscape
11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/g8jlhw/global_combined?w=4