Combined Heat and Power Installation Market 2016 Share and Forecast Combined Heat and Power (CHP) Installation Market

Combined Heat and Power (CHP) Installation
Market - Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2014 - 2024
Global Combined Heat and Power Installation Market: Key Trends
The upsurge in the consumption of fuel derived from biomass, wood, and waste
heat, is likely to boost the installation of combined heat and power (CHP) across the
globe. Transparency Market Research forecasts the global CHP installation market to
exhibit a CAGR of 4.38% between 2014 and 2024. The prospects for CHP
installations have improved globally in response to the rising energy prices. This,
combined with stringent regulations implemented to curb carbon emissions from
conventional systems, is expected to aid the proliferation of CHP systems
worldwide.
CHP systems run on both renewable and non-renewable fuels such as natural gas,
coal, wood, biomass, oil, and waste heat. They can operate at an efficiency level as
high as 77% to 90% as compared to the 46% efficiency level of conventional
systems. However, the best economics of a CHP system is achieved in cold
climates, when the energy rates are high, prices of natural gas fall, and there is a
continuous demand for heat. Besides this, diverse functionalities offered by CHP
systems also encourage their installation in both colder and hotter regions.
View Report @ http://www.transparencymarketresearch.com/combined-
heat-and-power.html
Strong Existing Network of CHPs to Boost their Installation Worldwide
Based on in-depth research, TMR has pegged the combined heat and power
installations worldwide to reach US$812.80 bn by 2024. The global CHP installation
market stood at US$524.89 bn in 2014. The market will further gain impetus from
the strong existing CHP network. The increasing awareness about CHP systems,
particularly in developing nations is likely to translate into increased sales for the
global CHP installation market. These countries are exhibiting high aggregate
demand for energy-efficient technologies, thus creating enough opportunities for
the market to leverage from during the report’s forecast period.
However, TMR expects the value chain of the global combined heat and power
installation market to remain complicated with the prominent companies in the
market adopting forward integration in response to the implementation of stringent