NEW YORK, June 23, 2015 /PRNewswire/ -- Commercial combined heat and power (comCHP) systems, which are small to medium distributed energy generation systems that produce electricity while also capturing heat, are garnering increased interest from policymakers, utilities, and building owners in a growing number of countries. Distributed generation installations have the advantages of going online more quickly than traditional large centralized power stations, reducing demand pressure on the electrical grid, and reducing inefficiencies that are common in centralized power generation, transmission, and distribution. Installations that use CHP technologies have the additional benefit of producing thermal energy that can be used as heat, converted to electricity, or converted to cooling when coupled with an adsorption chiller.
The technologies behind many comCHP products have been under development for more than a decade. Today, the market is beginning to gain momentum, and an increasing number of companies are introducing increasingly standardized commercial products. Driven by concerns about grid reliability, meeting growing demand for electricity, increasing grid efficiency, and reducing greenhouse gas emissions, governments around the world are focused on increasing subsidies and other incentives for the adoption of comCHP systems and related building efficiency technologies. According to Navigant Research, global comCHP installed capacity is expected to grow from 32.7 GW in 2015 to 74.4 GW by 2024.
This Navigant Research report analyzes the global market potential for comCHP systems for a range of building applications – hospitals, universities, hotels, casinos, airports, etc. – using technologies including turbines, reciprocating engines, fuel cells, and Stirling engines. The study provides in-depth assessments of leading countries for the manufacture and adoption of comCHP systems and the technologies utilized in such systems. Global market forecasts for system installments, installed capacity, average installation capacity size, and revenue, segmented by region and application, extend through 2024. The report also examines the key industry players engaged in the global comCHP market.
Key Questions Addressed:
What is the size of the global market opportunity for commercial combined heat and power (comCHP) systems?
Which countries offer the most attractive opportunities for comCHP?
How will technology improvements, modularization, and standardization influence the average installation size across key regions over the next decade?
What business models are driving comCHP adoption across small commercial, large commercial, institutional, and municipal applications?
What are the key drivers for comCHP adoption at the building owner, utility, and government levels?
Who needs this report?
Combined heat and power (CHP) technology vendors and integrators
Fuel cell companies
Natural gas companies
Building owners and managers
Corporate and institutional energy managers
Read the full report: http://www.reportlinker.com/p02661566-summary/view-report.html
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