According to the
market report published by MarketsandMarkets™, "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", The global Combined Heat & Power Market is
estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD
27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The
market is set to grow due to the increasing demand for energy efficiency and
government incentives and programs to promote Combined Heat & Power.
The Above 300 MW
segment is expected to hold the largest share of the combined heat & power
market, by capacity, during the forecast period.
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. The shale gas boom in North America is
another driving factor for growth in this segment, with utility-scale natural
gas fired power plants being set up in the region.
Browse and
in-depth TOC on “Combined Heat & Power Market”
77 - Tables
35 - Figures
138 - Pages
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The utilities,
district heating & cooling segment is expected to dominate the combined
heat & power market, by end-user, in 2018.
The utilities,
district heating & cooling segment refers to the supply of thermal energy
generated at a central facility for applications such as space heating or water
heating, steam provision throughout a city or district, and industrial complex
or for cooling through trigeneration to provide chilled water. Utilities can
use CHP systems to monetize heat generated as a by-product of electricity
generation, combined with the savings from high operational efficiency of these
systems to up to as much as 80% as compared with just 30% for non-CHP setup.
The market for utilities, district heating & cooling segment will be driven
by increasing energy efficiency regulations and compliance needs for utilities,
the need to reduce carbon emissions and the cost savings offered by CHP
systems, especially in regions of Europe and Asia Pacific.
Asia Pacific:
Expected to be the leading market for Combined Heat & Power during the
forecast period.
The Combined Heat
& Power Market has been analyzed with respect to 6 regions, namely, North
America, Europe, Asia Pacific, South America, the Middle East, and Africa. The
market in Asia Pacific is expected to lead the Combined Heat & Power
market, by region. The increase in natural gas in the energy mix and need for
energy efficiency in countries such as China, South Korea, and India is driving
the market for Combined Heat & Power in the region. Rise in distributed
power generation and emerging technologies such as fuel cell based micro-CHP
has opened new opportunities for growth in the region.
Scope
of the Report:
Scope of the Report:- By Capacity
- Up to 10 MW
- 10–150 MW
- 150–300 MW
- Above 300 MW
- By Prime Mover
- Gas Turbine
- Steam Turbine
- Reciprocating Engine
- Fuel Cell
- Microturbine
- By Fuel
- Coal
- Natural Gas
- Biogas/Biomass
- Nuclear
- Diesel
- Others (Biodiesel and Geothermal)
·
Up to 10 MW
·
10–150
MW
·
150–300
MW
·
Above
300 MW
By Prime Mover
·
Gas
Turbine
·
Steam
Turbine
·
Reciprocating
Engine
·
Fuel
Cell
·
Microturbine
By Fuel
·
Coal
·
Natural
Gas
·
Biogas/Biomass
·
Nuclear
·
Diesel
·
Others
(Biodiesel and Geothermal)
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pages of the report @
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To enable an in-depth
understanding of the competitive landscape, the report includes the profiles of
some of the top players in the Combined Heat & Power market. These
include GE (US), Siemens (Germany), 2G Energy (Germany), Wärtsilä (Finland),
Mitsubishi Hitachi Power System (Japan), FuelCell Energy (US), and Clarke Energy
(UK). The leading players are trying to understand the markets in developing
economies and are adopting various strategies to increase their market shares.
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