The increase in natural gas in the energy mix and need for energy efficiency in countries such as China, South Korea and India is driving the market for Combined Heat & Power in the Asia Pacific region.
Combined Heat & Power Market by Capacity, Prime Mover, End-User - Forecast to 2023
The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote CHP.
The market is set to grow due to the increasing demand for energy efficiency and government incentives and programs to promote CHP.
Combined Heat & Power Market by Capacity (>10 MW, 10–150 MW, 151–300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial)
The global CHP market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period.
The global CHP market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period.