Growth Of Combined Heat and Power Installation Market 2016 - 2024

Transparency Market
Research
Combined Heat and Power (CHP) Installation Market - Global Industry
Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024
Published Date
13-May-2016
150 Page Report
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Press Release
Combined Heat and Power (CHP) Installation Market Projected to
reach US$813 bn by 2024:TMR
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Combined Heat and Power (CHP) Installation Market
REPORT DESCRIPTION
Combined Heat and Power (CHP) Installation Market - Global Industry Analysis, Size, Share,
Growth Trends, and Forecast 2016 - 2024
Transparency Market Research has released a new market report titled “Combined Heat and Power
Installation Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024.”
According to the report, the global combined heat and power installation market stood at US$524.89 bn in
2014 and is forecast to reach US$812.80 bn by 2024 at a CAGR of 4.38% from 2016 to 2024.
Complete Report with TOC : http://www.transparencymarketresearch.com/combined-heat-andpower.html
CHP employs a technology to produce electricity and utilizes the heat emitted during power generation,
simultaneously. In contrast, in conventional systems, the heat generated during power production is
dissipated in the surroundings. As a result of which, conventional systems function only at an efficiency of
40%-50%. CHP systems, due to their energy utilization process, are able to save 40% of energy
additionally. Furthermore, CHP systems generate the energy locally which eliminates the need for energy
transmission and distribution via local distribution networks, further avoiding losses. CHP systems are ideal
solution for end-users, for whom security of power supply is a main factor for selecting power generation
equipment. CHP, also known as cogeneration, reduces not only energy costs but also greenhouse gas
emissions.
CHP systems consists of several components such as generators, engines, compressors, heat exchangers,
control systems, turbines, boilers, and feed water tanks. However, the components used in a CHP
installation may vary according to the size and scale of CHP systems or plants.
Increasing awareness about the benefits of energy efficient technologies is leading the growth of CHP
installations globally. Supportive policies and feed-in-tariffs (FiTs) provided by the government institutions
for installing CHP systems are the major drivers for boosting the market for CHP systems. Additionally, low
fuel pricing also plays a major role in growth of the CHP installation market.
The CHP installation market has been segmented on the basis of type, application, technology, fuel, and
region. In 2014, large-scale CHP systems occupied the largest share of the global CHP installation market.
Global estimates for 2014 show that the industrial application segment accounted for approximately 66%
of the global CHP installation market, followed by commercial and residential application segments. The
huge difference between the utilization of CHP systems in various application segments is due to the low
initial investments involved in the installation of large-scale CHP systems and the high energy savings
offered by the technology.
In CHP systems, the requirement of separate systems for heat and power generation is eliminated. Thus,
the CHP technology offers high cost savings. This factor would boost the demand for CHP installations in
the near future.
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Combined Heat and Power (CHP) Installation Market
Natural gas and coal being two of the most easily available fuels at low costs are widely used in CHP
systems. However, due to high environmental footprint and high handling costs, utilization of coal in CHP is
anticipated to decrease in regions such as Europe and North America. Asia Pacific with some of the largest
coal reserves is expected to witness installations of coal-fired CHP plants in the region in the near future. In
2014, in terms of fuel, natural gas accounted the largest share of the CHP installation market, followed by
coal, others, and biomass. The others sub-segment of fuel segment includes wood, waste heat, and oil.
Technologies used in CHP systems generally include combined cycle, steam turbine, combustion/gas
turbine, reciprocating engine, fuel cell, microturbine, and waste heat recovery. In 2014, combined cycle
held the largest market share, followed by combustion/gas turbine and reciprocating engine. Fuel cells and
microtubines,, included in the others segment, although available in small power capacity ranges, are
anticipated to witness a surge in demand owing to the increasing need for micro CHP in residential and
small commercial buildings.
On the basis of the technology employed in CHP systems, the global CHP installation market has been
segmented into combined cycle, steam turbine, combustion/gas turbine, reciprocating engine, and others.
The others segment includes waste heat recovery, microturbines, and fuel cells. These technologies are
also known as prime movers and produce electrical and thermal energy by combusting fuels. This fuel
combustion either creates mechanical energy directly or first produces steam, which is subsequently
converted into mechanical energy, and is transferred to a generator to produce electricity. The primary
advantages of CHP are that it can be coupled with existing technologies in different applications and can
be widely used in commercial, residential, and industrial applications.
Considering the global adoption pattern of CHP systems, the CHP installation market has been segmented
as follows:
CHP Installation Market: By CHP Type
•
Large-scale CHP
•
Micro & Small-scale CHP
CHP Installation Market: By CHP Application
•
Residential
•
Commercial
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Combined Heat and Power (CHP) Installation Market
Industrial
•
CHP Installation Market: By CHP Technology
•
Combined Cycle
•
Steam Turbine
•
Combustion/Gas Turbine
•
Reciprocation Engine
•
Others (Microturbine, Fuel Cell, and Waste Heat Recovery)
CHP Installation Market: By Fuel
•
Natural Gas
•
Coal
•
Biomass
•
Others (Wood, Waste Heat, and Oil)
CHP Installation Market: By Region
North America
•
U.S.
•
Canada
•
Mexico
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Combined Heat and Power (CHP) Installation Market
Europe
•
Russia
•
Germany
•
France
•
U.K.
•
Italy
•
Spain
•
Netherlands
•
Poland
•
Rest of Europe
Asia Pacific
•
China
•
Japan
•
India
•
South Korea
•
Taiwan
•
Rest of Asia Pacific
Rest of World
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Combined Heat and Power (CHP) Installation Market
TABLE OF CONTENT
Table of Content
Chapter 1 Preface
Report Description
Research Scope
Market Segmentation
Research Methodology
Chapter 2 Executive Summary
Global Combined Heat and Power (CHP) Installation Market: Snapshot
Chapter 3 Global Combined Heat and Power (CHP) Installation Market–Industry Analysis
Introduction
Value Chain Analysis
Market Dynamics
Market Drivers
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Combined Heat and Power (CHP) Installation Market
Market Restrains
Market Opportunities
Porter’s Five Forces Analysis
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat from New Entrants
Threat from Substitutes
Degree of Competition
Market Attractiveness Analysis- CHP Market, By Application
Market Attractiveness Analysis- CHP Market, By Technology
Company Market Share- CHP Market, 2014-15
Chapter 4 Global Combined Heat and Power (CHP) Installation Market– Type Segment, by
Capacity (GW) and Revenue (US$ Bn), 2014–2024
Overview
Global Large-scale CHP
Regional Large-scale CHP, by Capacity (GW)
Regional Large-scale CHP, by Revenue (US$ Bn)
Global Micro and Small-scale CHP
Regional Micro and Small-scale CHP, by Capacity (GW)
Regional Micro and Small-scale CHP, by Revenue (US$ Bn)
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Combined Heat and Power (CHP) Installation Market
Chapter 5 Global Combined Heat and Power (CHP) Installation Market– Application Segment, by Capacity
(GW) and Revenue (US$ Bn), 2014–2024
Overview
Global Residential Application
Regional Residential Application, by Capacity (GW)
Regional Residential Application, by Revenue (US$ Bn)
Global Commercial Application
Regional Commercial Application, by Capacity (GW)
Regional Commercial Application, by Revenue (US$ Bn)
Global Industrial Application
Regional Industrial Application, by Capacity (GW)
Regional Industrial Application, by Revenue (US$ Bn)
Chapter 6 Global Combined Heat and Power (CHP) Installation Market– Technology Segment, by Capacity
(GW) and Revenue (US$ Bn), 2014–2024
Overview
Global Combined Cycle Technology
Regional Combined Cycle Technology, by Capacity (GW)
Regional Combined Cycle Technology, by Revenue (US$ Bn)
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Combined Heat and Power (CHP) Installation Market
Global Steam Turbine Technology
Regional Steam Turbine Technology, by Capacity (GW)
Regional Steam Turbine Technology, by Revenue (US$ Bn)
Global Combustion/Gas Turbine Technology
Regional Combustion/Gas Turbine Technology, by Capacity (GW)
Regional Combustion/Gas Turbine Technology, by Revenue (US$ Bn)
Global Reciprocating Engine Technology
Regional Reciprocating Engine Technology, by Capacity (GW)
Regional Reciprocating Engine Technology, by Revenue (US$ Bn)
Global Others (Fuel Cell, Microturbine, and Waste Heat Recovery)
Regional Others Technology, by Capacity (GW)
Regional Others Technology, by Revenue (US$ Bn)
Chapter 7 Global Combined Heat and Power (CHP) Installation Market– Fuel Segment, by Capacity (GW)
and Revenue (US$ Bn), 2014–2024
Overview
Global Natural Gas Fuel
Regional Natural Gas Fuel, by Capacity (GW)
Regional Natural Gas Fuel, by Revenue (US$ Bn)
Global Coal Fuel
Regional Coal Fuel, by Capacity (GW)
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Combined Heat and Power (CHP) Installation Market
Regional Coal Fuel, by Revenue (US$ Bn)
Global Biomass Fuel
Regional Biomass Fuel, by Capacity (GW)
Regional Biomass Fuel, by Revenue (US$ Bn)
Global Others (Wood, Oil, and Waste Heat) Fuel
Regional Others Fuel, by Capacity (GW)
Regional Others Fuel, by Revenue (US$ Bn)
Chapter 8 Global Combined Heat and Power (CHP) Installation Market– Regional Segment, by Capacity
(GW) and Revenue (US$ Bn), 2014–2024
North America
North America CHP Market
Countries
U.S. CHP Market
Canada CHP Market
Mexico CHP Market
EUROPE
Europe CHP Market
Countries
Russia CHP Market
Germany CHP Market
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Combined Heat and Power (CHP) Installation Market
France CHP Market
U.K. CHP Market
Italy CHP Market
Spain CHP Market
Netherlands CHP Market
Poland CHP Market
Rest of Europe
Asia Pacific
Asia Pacific CHP
Countries
China CHP Market
Japan CHP Market
India CHP Market
South Korea CHP Market
Taiwan CHP Market
Rest of Asia Pacific CHP Market
Rest of World
Rest of World CHP Market
Section 9 Company Profiles
2G Energy AG
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Combined Heat and Power (CHP) Installation Market
ABB Ltd.
Aegis Energy Services, Inc.
BDR Thermea Group B.V.
Bosch Thermotechnik GmbH
Caterpillar Energy Solutions GmbH
Clarke Energy Ltd.
Veolia Environnement S.A.
Dantherm Power A/S
Edina Ltd.
ON SE
ENER-G Holdings Plc
General Electric Company
Mitsubishi Hitachi Power Systems, LTD.
Siemens AG
Viessmann Werke GmbH & Co. KG
Wärtsilä Corporation
Yanmar Co., Ltd.
FuelCell Energy, Inc.
Helen Ltd
Complete Report with TOC : http://www.transparencymarketresearch.com/combined-heat-andpower.html
About Us
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Combined Heat and Power (CHP) Installation Market
Transparency Market Research is a market intelligence company providing global business information
reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers.
We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use
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Transparency Market Research has released a new market report titled “Global Combined Heat and Power (CHP) Installation Market, by Type (Large-scale and Micro & Small-scale), by Application (Residential, Commercial, and Industrial), by Technology (Combined Cycle, Combustion/Gas Turbine, Steam Turbine, Reciprocating Engine, Others), and by Fuel (Natural Gas, Coal, Biomass, Others) – Global Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016–2024.” According to this report, the global CHP installation market stood at US$524.89 bn in 2014 and is projected to reach US$812.80 bn by 2024 at a CAGR of 4.38% from 2015 to 2024. A CHP system is also known as a cogeneration plant, due to its capability of generating power and utilizing the emitted heat simultaneously. CHP systems consists of a generator, engine, compressor, heat exchanger, control system, turbine, boiler, and feed water tank. CHP systems are designed and manufactured from micro to large-scale sizes. However, large-scale CHP systems are designed and installed as per the operator usage requirements. Energy efficiency offered by CHP systems is up to a maximum of 90% with only 10%-25% of energy being dissipated into the environment. The higher efficient production of power and heat by CHP systems as compared to conventional systems is majorly driving the global CHP installation market.