Future Trends of Combined Heat and Power Installation Market with Current Growth Analysis

This market research study, analyzes the global installation capacity market for combined heat and power (CHP) systems. All market estimates and forecasts have been analyzed from the installation capacity point of view and segmented on various levels including products (large and micro & small scale), technology, applications, fuel and geography.


Albany, NY -- (SBWIRE) -- 02/04/2016 -- Combined heat and power (CHP) systems are used to generate both electricity and heat energy. In CHP, the heat generated during electricity generation is captured and used for heating purposes. It ultimately increases the efficiency of the system by avoiding heat losses. CHP systems can reduce carbon emissions by up to 29% as compared to conventional systems. CHP is used in a wide range of applications including residential, commercial and industrial where there is requirement of both electricity and heat.

Complete Report with TOC @ http://www.mrrse.com/combined-heat-and-power-market

Large and micro & small scale are the two basic product types of CHP systems. Large scale CHPs are usually used in industrial and commercial applications whereas micro and small scale CHPs are mainly used in residential and commercial applications. The micro-CHP market is expected to grow at a faster rate as it has a lot of potential even though its share is very small at present as compared to the overall CHP market. Both large and micro & small scale CHP systems respond to different market needs and applications and provide different incentives and benefits. CHP systems are finding growing application in the residential, commercial and industrial sector. In the last few years, the use of CHP systems has increased considerably in commercial buildings and residential complexes. They are ideally suited for commercial and institutional applications including hotels, hospitals, and offices that have considerable energy costs as a percentage of total operating costs and have a constant requirement of electric and thermal energy.

CHP systems are primarily categorized into seven different technologies that include combined cycle turbines, gas/combustion turbines, steam turbines, reciprocating engines, waste heat recovery, micro-turbines, and fuel cells. These are also known as prime movers and consume fuel (natural gas, coal, biomass and oil) to power generators, in order to produce electricity. These prime movers also produce thermal energy that can be captured and used for general heating purposes. Natural gas is the most widely used fuel due to its cheap price as compared to other fuel sources. Natural gas is clean and consistent in quality; in fact it is one of the purest forms of energy available and therefore has less harmful effect as compared to other fuels (coal and oil).

The global CHP systems market is dominated by Europe with demand expected to increase in the region due to the rise in the number of applications in the industrial, commercial and residential sector. Due to excessive demand of CHP in Russia, Germany, Netherland, Belgium, Poland, France and Italy, the market for Europe has expanded to a large extent. Europe is followed by the Asia Pacific region due to considerable demand for CHP systems in emerging economies, especially China and India and also in developed economies such as Japan. CHP systems are utilized on a large scale in these regions due to industrial applications. In Japan, there is huge demand for micro scale CHP systems due to its use in residential applications. U.S. covers the majority of the North American market followed by Canada. In the U.S., CHP is mostly used in industrial applications followed by commercial applications and the huge demand for CHP is due to strict restrictions imposed by governments on industrial air emissions.

Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/489

Rising energy prices and increasingly stringent regulations regarding energy consumption and emissions have resulted in a surge in demand for CHP systems. Abundant supply of fuel (natural gas and coal) and supportive government policies are the major driving forces for the strong growth of the CHP market. Various states, governments and other organizations have created and implemented policies and programs to create a positive atmosphere for CHP growth. Governments are providing different kinds of financial incentives to increase the usage of CHP. Regulators are using diverse tools and information to identify and adopt appropriate policies to suit national requirements. The restrictions on industrial air emissions are likely to be further tightened in the coming years.

E.ON Group, General Electric Energy, Mitsubishi Power Systems Americas Inc., Siemens Energy, Alstom and Caterpillar are some of the leading players of this market. GE Energy has recently supplied gas turbine-generators in Batam, Indonesia to increase the electricity supply of Batam which is an island to reduce its dependency on oil-fired power generation.

Request a Free Sample Copy of the Report @ http://www.mrrse.com/sample/489

MRRSE stands for Market Research Reports Search Engine, the largest online catalog of latest market research reports based on industries, companies, and countries. MRRSE sources thousands of industry reports, market statistics, and company profiles from trusted entities and makes them available at a click. Besides well-known private publishers, the reports featured on MRRSE typically come from national statistics agencies, investment agencies, leading media houses, trade unions, governments, and embassies.