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 Buy Now Request Sample Press Release Combined Heat and Power (CHP) Installation Market Projected to reach US$813 bn by 2024:TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] 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. Transparency Market Research 2 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 Transparency Market Research 3 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 Transparency Market Research 4 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 View exclusive Global strategic Business report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=966 Transparency Market Research 5 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 Transparency Market Research 6 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) Transparency Market Research 7 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) Transparency Market Research 8 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) Transparency Market Research 9 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 Transparency Market Research 10 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 Transparency Market Research 11 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 Transparency Market Research 12 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 proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 13
Combined heat and power systems are most effective in cold climates, where heat is constantly required. When producing both heat and power, CHP systems can achieve an energy consumption efficiency of up to 90%, which is higher than any energy generation system producing either one. Due to the steady growth in their demand, the global combined heat and power installation market is expected to be valued at US$812.8 bn by the end of 2024. According to Transparency Market Research (TMR), the global market was valued at US$524.9 bn in 2014. Get free research PDF for more Professional and Technical insights : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=966 Combined heat and power (CHP) generation systems have been developed due to the realization that producing either in isolation leads to significant wastage of energy, as no one energy conversion system can harness all the energy produced by burning fuels. Combined heat and power systems are thus designed to be efficient, which is perfectly in line with the contemporary paradigm of environmental protection. As a result, combined heat and power systems have enjoyed rising demand in the last few years.
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