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 CHP 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 .
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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