Overview
The combined heat and power (CHP) market is anticipated to grow rapidly growing at a CAGR of 6.94% during the forecast period 2017 to 2023. The global combined heat and power (CHP) market is driven by increasing deployment of combined heat and power (CHP) technologies and positive indications from governments. These factors have helped shape the combined heat and power (CHP) market and are expected to boost the growth. Companies in the combined heat and power market could also face challenges such as need for both hot water and electricity at production sites. The details covered in the combined heat and power (CHP) market report cover all the aspects of the industry. Analysts studying the combined heat and power (CHP) market have also shared growth projections in the report and have suggested combined heat and power (CHP) market players to plan business strategies accordingly.
Market Segmentation
The global combined heat and power (CHP) market has been segmented based on fuel, technology, application, and type. On the basis of fuel, the market for combined heat and power (CHP) is segmented based on natural gas, coal, biomass and others. Additionally, the market on the basis of technology, is segmented into combined cycle, steam turbine, gas turbine and others. The global market for combined heat and power (CHP) is also covered based on the application segment which is further split into large scale and small scale. On the basis of type, the market for combined heat and power (CHP) is segmented based on residential, commercial and industrial.
Factors like growing awareness about CHP as well as need for energy efficiency support the combined heat and power (CHP) market growth. The performance of the combined heat and power (CHP) market has also been studied for the past and current years. Additionally, the combined heat and power (CHP) market report provides analysis of these segments. The combined heat and power (CHP) market segmental analysis provided in the report offers major details about the combined heat and power (CHP) market based on the data and forecasts till 2023.
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Competitive Landscape
The combined heat and power (CHP) market is supported by government incentives to promote cogeneration. The population growth around the world and increasing demand of combined heat and power (CHP) market based services and products also support the market growth. However, the combined heat and power (CHP) market growth can be affected due to restricted production process. The report covers all such details which will help companies in the combined heat and power (CHP) market to strengthen their business plan and improve their product portfolio. The combined heat and power (CHP) market research report also provides company profiles of major companies. The company profiles of many organizations operating in the combined heat and power (CHP) market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the combined heat and power (CHP) market. New companies and established businesses can plan their strategies based on this data provided in the combined heat and power (CHP) market research report.
Regional Overview
Companies in the combined heat and power (CHP) market are spread across the world. The combined heat and power (CHP) market report provides major information about regional markets of North America, Europe, Asia-Pacific (APAC), and the rest of the world. The North American combined heat and power (CHP) market has many companies across the United States, Canada, and Mexico. The combined heat and power (CHP) market of the Middle East, Africa, and other regions has also been studied by analysts. The regional analysis of the combined heat and power (CHP) market can be found in the market research report. Europe has companies in the combined heat and power (CHP) market across Germany, France, Spain, Italy, and the United Kingdom. A detailed analysis of the combined heat and power (CHP) market across India, China, and Japan in the Asia-Pacific region is also presented in the report.
Industry News
New Fortress Energy (NFE) has signed a consent solicitation to acquire Hygo Energy Transformation (Golar Power) and Golar LNG Partners (GMLP) as Brazil's largest gas-to-energy group. Hygo is estimated at US$3.1 billion in corporate capital and US$2.18 billion in equity, while Golar LNG is valued at US$1.9 billion in corporate value and US$251 billion in common equity.
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