PPT for Combined Heat and Power Market Trend, 2017

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Combined Heat And Power Market, Industry Outlook
Forecast 2017 - 2024
Combined Heat And Power (CHP) Market Size By Fuel
(Natural Gas, Coal, Biomass), By End User
(Residential Space Heating/Cooling, Water
Heating, Cooking, Lighting, Commercial
Educational Institution, District Energy, Office
Building, Government/Military, Industrial
Chemical, Petroleum Refining, Food, Paper,
Primary Metals), By Technology (Combined Cycle,
Steam Turbine, Gas Turbine , Reciprocating
Engine), Industry Analysis Report, Price Trends,
Competitive Market Share Forecast, 2017
2024
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Global Market Scenario of Combined Heat And
Power

• Combined Heat And Power Market size is set to
  exceed USD 45 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
• Growing electricity demand along with rapid
  industrialization and urbanization will drive the
  combined heat and power market size.
• Global electricity consumption increased by 15
  from 2009 to 2015. Ability to offer improved air
  quality, high efficiency and reliability are some
  of the features which will stimulate the product
  demand.
• Rising demand for district heating in cold
  climatic region including Europe will propel the
  combined heat and power market.

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U.S. Combined Heat And Power Market Size, By Fuel
2016 2024 (MW)
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Products Insights

• Rising demand for district heating in cold
  climatic region including Europe will propel the
  combined heat and power market. In Denmark, about
  70 of district heat is produced by CHP systems.
  Sustainable energy usage and low heat losses are
  some of the features which make its adoption
  preferable over other alternatives.
• Combined cycle in 2016 accounted for over 50 of
  global combined heat and power market share. High
  efficiency and effective design are some of the
  salient features which makes its adoption
  preferable. Retrofitting and replacement of
  existing power generation plant will further
  complement the business growth. Saudi Electricity
  Company (SEC) introduced a 1390 MW Waad AlShamal
  combined cycle plant which is expected to
  generate electricity equivalent to power required
  for 500,000 homes.

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Regional and Competitive Insights

• U.S. combined heat and power market is predicted
  to cross 800 MW by 2024. Energy security concerns
  along with growing penetration of renewable
  energy will positively impact the regional
  industry growth. Increasing focus towards the
  replacement of existing coal fired plants with
  clean fuel generation to cut carbon footprint
  will further augment the business. As per Energy
  Information Administration, 94 coal fired power
  plants were closed in 2015 with an aim to reduce
  greenhouse gas emissions.
• Brazil combined heat and power market is
  predicted to witness growth over 8 by 2024.
  Growing investment towards development of
  small-scale manufacturing industries will augment
  the business landscape. Flourishing sugar
  industries in the region would positively
  stimulate the product growth. CHP fueled by
  biomass could produce 17 of Brazil electricity
  by 2030.
• Major players in the combined heat and power
  market are MAN Diesel Turbo, ENER-G Rudox,
  Caterpillar, Mitsubishi, General Electric,
  Kawasaki, Bosch Thermotechnology, Viessmann
  Werke, MWM, Cummins, Veolia, BDR Thermea,
  Wartsila, ABB, 2G Energy, Aegis Energy, Yanmar,
  Siemens.

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