Global Combined Heat & Power (CHP) Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2021-2026 - (By Fuel Type Coverage, By Technology Coverage, By Geography, By Company)
Published Date: Nov 2021 |
Format:
| No. of Pages: 130
Industry: Energy & Natural Resources | Author Name: Harshad
Growing support through subsidies and implementation of favourable policies for promoting cogeneration is likely to drive the demand for combined heat & power (CHP) installations across the globe.
Global top 5 players in combined heat & power (CHP) market includes: Siemens AG, GE, Wartsila Corporation, 2G Energy AG, and Generac
In 2020, Europe constituted 39% of the global combined heat & power (CHP) market. In terms of CAGR, Asia Pacific remains the most lucrative markets for combined heat & power (CHP) installations.
In terms of fuel type, natural gas segment constituted more than 45% of the global combined heat & power (CHP) market in 2020.
The current pandemic is impacting clean energy sectors across the country, including the CHP industry. CHP market was hampered due to unavailability of equipment/components. High dependency on Chinese equipment/components resulted in delays in procurement owing to trade restrictions with China.