Combined Heat & Power Market, 2023 - Major Manufacturers are GE, Siemens, 2G Energy, Wärtsilä, Mitsubishi Hitachi Power System, FuelCell Energy, and Clarke Energy

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.

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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.

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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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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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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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Smart Transformers Market: Worldwide Market Forecast, 2017-2022 with ABB, Siemens, Schneider Electric, Eaton, and General Electric Leading the Competition

The global smart transformers market is projected to grow at a CAGR of 10.54%, from 2017 to 2022. The market in Asia Pacific is estimated to be the largest market for smart transformers, followed by the North American market in 2017. This trend is expected to continue till 2022. The growth of the smart transformers market is driven by aging infrastructure, increasing emphasis on alternative energy production across the globe, improving and evolving technologies, digitalization of power utilities, and huge investments in smart grids and energy systems.

The smart transformers market is dominated by a few major players that have a wide regional presence and are established brand names. The leading integrated solution providers in the smart transformers market include ABB, GE, Siemens, Schneider Electric, and Eaton.

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The major strategies adopted by the players include contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from January 2014 to July 2017. Industry players also adopted new product developments, which was the second most widely followed strategy, during the same period. A few key integrated solution providers have been highlighted in the section below.

ABB is a power and automation technology company that offers a wide range of products, services, and systems. The company has a strong regional footprint with its presence in more than 100 countries. With an installed base of more than 70,000 control systems connecting 70 million devices, ABB is one of the fastest growing companies in the digitally connected and enabled industrial equipment. It adopts inorganic growth strategies as its key business strategy to expand its business in untapped markets. The

ABB power grid business segment provides smart transformers that caters to various end-use industries, such as utilities, industry, and transport and infrastructure globally.  In March 2017, ABB launched its first digital transformer, TXper. The transformer will provide the integrated sensing and monitoring technology in intelligence to maximize reliability, optimize operating and maintenance costs, and manage the asset more efficiently. This latest innovation uses cloud computing and connected devices to generate actionable data for a broad range of customers.

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GE is one of the leading technology and financial services company that manufactures products for generation, transmission and distribution, control, and utilization of electricity. It is a transforming industry with software-defined machines and solutions. Since its inception, the company has adopted inorganic growth strategies to broaden its business and improve the scope of activities.  It has its presence in approximately 180 countries, with 206 manufacturing plants located in 40 states in the US and Puerto Rico, and 295 manufacturing plants located in 39 other countries. The company provides smart transformers through its power business segment serving several end-use industries, such as, power generation, industrial, government, and other customers worldwide. In October 2014, GE received a contract from Georgia Power (US) to deliver a complete transformer monitoring solution for its electrical grid infrastructure.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
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Suite 430

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USA : 1-888-600-6441

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Waste Heat Boiler Market Analysis 2018 | Quantitative and Qualitative Assessment 2018-2023

According to the market report published by MarketsandMarkets™ “Waste Heat Boiler Market by Temperature (Medium, High, Ultra High), Source (Oil Engine, Gas Engine, Gas Turbine, Incinerator, Cement Plant Kiln, Steel Plant, Glass Furnace), Orientation (Horizontal & Vertical), End-User, and Region - Global Forecast to 2023”, The global waste heat boiler market is expected to grow at a CAGR of 6.72%, from 2018 to 2023, to reach a market size of USD 8.04 billion by 2023. The increasing demand for energy and rising electricity prices are forcing companies to opt for decentralized power supply which is increasing the demand for waste heat boiler. Also, efforts to reduce GHG emissions is expected to drive the waste heat boiler market during the forecast period.

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The waste heat boiler market is dominated by major players that are established brand names with wide regional presence, along with many local and regional players in the emerging economies.  The global market is dominated by major players such as General Electric (US), Siemens (Germany), Thermax (India), CMI Group (Belgium), Amec Foster Wheeler (UK), and Nooter/Eriksen (US).

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77 - Tables

28 - Figures

153- Pages

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The market growth strategies adopted by the key players in the waste heat boiler market include contracts & agreements, mergers & acquisitions, and partnership & collaborations. Contracts & Agreements were the most commonly adopted strategy by market players from February 2014 to December 2018.

The industrial segment is a key segment of the waste heat boiler market, by end-user, from 2018 to 2023. The market for this segment is driven by increasing investments in oil & gas industry in the developing countries of Asia Pacific and Middle East & Africa. Therefore, need to reduce carbon emissions is leading to the increased demand for cleaner sources of power generation, which, in turn, is causing the rise in demand for waste heat boiler that would significantly boost the efficiency of natural gas fired power plant.

Kiln and furnace gases segment is expected to grow at the fastest rate from 2018 to 2023. Rising investments in power generation sector and primary metal industries are expected to drive the Kiln and furnace gases segment of the waste heat boiler market.

High temperature segment is expected to be the largest waste heat boiler market, by waste heat temperature, in 2018.

High Temperature segment of the waste heat boiler market, by temperature, is estimated to grow at the fastest rate from 2018 to 2023. Factors such as high investment in primary metal industries and non-metallic mineral industries are driving the waste heat boiler market. Most of the process industries, including iron & steel, cement, aluminum, chemical, and refineries, produce flue gases at a high temperature range, which is driving the market for high temperature waste heat boilers.

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Asia Pacific: The largest waste heat boiler market during the forecast period.

The waste heat boiler market has been segmented by region into Asia Pacific, Europe, North America, Middle East & Africa, and South America. Asia Pacific is projected to grow at the fastest rate, from 2018 to 2023, followed by North America and Europe. Countries such as China and India are the largest markets in Asia Pacific and have increased their investments in the infrastructure and power sectors in the recent past. China accounted for the maximum share in the Asia Pacific market in 2017 and is projected to grow at the highest CAGR of 9.47%, from 2018 to 2023. Growing urbanization, increasing industrialization, growing construction sector, and increasing investments in oil & gas and chemical segments are the major factors impacting the growth of the waste heat boiler market in this region.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

Email: newsletter@marketsandmarkets.com

Press Release: https://www.marketsandmarkets.com/PressReleases/waste-heat-boiler.asp