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. There is a great potential in the market of micro CHP units due to their easy operating features, which provides numerous benefits in residential and commercial areas.
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. The goal of this report is to determine the advantages of using CHP method. The market trends of combined heat and power generation market have been attractive over the past few years and investments in this market can prove very fruitful.
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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. On the basis of geography, the combined heat power market is segmented into North America, Europe, Asia pacific and Row. Asia pacific holds the highest market share and Japan holds half of the world’s total market share. Top players in this market are Acumentrics Corporation, Ceramic Fuel Cells Limited, Ceres power holding PLC, Climate energy LLC, Cogen Microsystems, ENE Farm, Hexis Ltd, Honda Motor Co. ltd. and Whisper tech. Top strategy adopted by the companies in this market is new product launch.
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MARKET BY TECHNOLOGY
- Gas Turbine
- Steam Turbine
- Micro CHP
- Fuel Cells
- Spark Ignition Reciprocating Engine
MARKET BY PRODUCT
- Large Scale
- Medium and Small Scale
MARKET BY FUEL
- Natural Gas
MARKET BY APPLICATION
MARKET BY GEOGRAPHY
- North America
- Asia pacific
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