Combined Heat Power Market – Size, Share, Growth and Application Analysis to 2023

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Portland, OR — 12/29/2017 — The benefits of cogeneration methods over the conventional methods are the cost reductions in the manufacturing processes by reducing the redundant energy consumption. Energy can be saved by utilizing the waste resources; therefore, cost-cutting acts as a driving force for this market. Rising energy prices and stringent regulations act as limiting forces for the combined heat power generation market.

Combined Heat Power Market segmented On the basis of technology, product, fuel & application.On the basis of technology, the combined heat power market is segmented into gas turbine, micro turbine, spark ignition reciprocating engine, steam turbine and fuel cells.On the basis of products, the global combined heat power generation market is segmented into large scale and micro & small scale. The large scale CHP's are adopted by industries and medium & small CHP units are adopted by residential and commercial sectors.Global CHP market is segmented mainly into natural gas, coal, biomass and others. Others include wood, oil, waste products. Natural gas and coal are mostly used due to their cheaper rates as compared to other fuels.Combined heat power technology market can be segmented on the basis of application into industrial and residential sector. The CHP units are mainly used in industries due to increasing need for power.

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The method of generating heat and electricity simultaneously is referred to combined heat and power generation. This is done through burning various fuels such as oil, natural gases and bio fuels. The analysis in this report provides current and future trends of the CHP market.

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