Worldwide Combined Heat and Power Market Analysis to 2027 is a specialized and in-depth study of the Combined Heat and Power Industry with a focus on the global market trend. The report aims to provide an overview of global Combined Heat and Power Market with detailed market segmentation by product/application and geography. The global Combined Heat and Power Market is expected to witness high growth during the forecast period.
The combined heat and power or cogeneration refers to the use of heat engines or power stations for the simultaneous generation of electricity and useful heat. Rising distributed power generation in the Asia Pacific and Europe region is expected to create a positive outlook for the combined heat and power market. Also, the favorable government initiatives in these regions are complimenting the current market landscape.
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The combined heat and power market is anticipated to grow in the forecast period owing to the high demand for energy efficiency across industries coupled with the increasing use of natural gas for power generation. Moreover, several government programs and initiatives promoting cogeneration are encouraging market growth.
However, high installation costs and maintenance costs may hamper the growth of the combined heat and power market. On the other hand, emerging technologies such as fuel cell-based micro CHP is expected to provide excellent growth opportunities for the market during the forecast period.
Market Segmentation :
The global combined heat and power market is segmented on the basis of fuel, prime mover, capacity, and end user. By fuel, the market is segmented as natural gas and LPG, coal, renewable energy, and others. On the basis of the prime mover, the market is segmented as Stirling engine, internal combustion engine, and fuel cell. Based on capacity, the market is segmented as micro CHP and macro CHP. The market on the basis of the end user is classified as commercial, industrial, and others.
Top Leading Market Players:
1. EDF Group
2. BDR Thermea Group
3. General Electric Company
4. Siemens AG
6. Gruppo AB
7. Marathon Engine Systems
8. 2G ENERGY INTERNATIONAL
9. Yanmar Group Companies
10. Veolia Environnement S.A.
As leading companies in Combined Heat and Power Market continues to broaden their addressable market, by expanding its current product portfolio, diversifying its client base, and developing new applications and markets, all the prominent players faces an increasing level of competition, both from start-ups as well the leading global technology and industrial companies in the world. Various companies in the value chain are acquiring other local players and operating through joint ventures with retailers in the market to maintain their position in market and provide efficient solutions to its customers.
The Combined Heat and Power Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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Reasons to Buy the Report:
- Learn about the driving factors, affecting the market growth.
- Imbibe the advancements and progress in the market during the forecast period.
- Understand where the market opportunities lies.
- Compare and evaluate various options affecting the market.
- Pick up on the leading market players within the market.
- Envision the restrictions and restrains that are likely to hamper the market
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