Combined Heat and Power Market, Update 2019 - Global Market Size, Segmentation, Regulations, and Key Country Analysis to 2025
LONDON, March 4, 2019 /PRNewswire/ -- Combined Heat and Power Market, Update 2019 - Global Market Size, Segmentation, Regulations, and Key Country Analysis to 2025
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Summary
Global Combined Heat and Power capacity increased from 456.4 gigawatts (GW) in 2006 to 864.2 GW in 2018 at a Compound Annual Growth Rate (CAGR) of 5.5%. A significant portion of this growth comprised the capacity addition in Russia, China, India, Germany, and Brazil. During 2019-2025 as well, the capacity is estimated to grow significantly although at a slower rate of 2.8%. Most of the capacity addition during this period is estimated to come from China and India. China plans to add over 12 GW of biomass cogeneration capacity by 2020 and around 25 GW biomass Combined Heat and Power (CHP) capacity by 2035.
Combined Heat and Power (CHP) capacity in China increased significantly from 79.8 GW in 2006 to 347.6 GW in 2018, at a CAGR of 13.0%. The cumulative capacity increased especially during 2010-2013 and 2014-2017. More than 90% of total installed capacity is fed by coal. China added more new installed CHP capacity than the rest of the world, strengthening the country's role in the global Combined Heat and Power (CHP) development. During 2019-2025, China is expected to increase from 363.3 GW to 434.4 GW at a CAGR of 3.0%.
Europe was the region with the highest installed CHP capacity until 2009.Early development of technology, carbon savings target and large capacity installations in major countries such as Russia, Netherlands, Germany and the UK, have kept Europe in this position.
In 2010, Asia Pacific superseded Europe and became the largest Combined Heat and Power (CHP) region as more Asian countries added capacities and European countries stagnated at its already high levels.Asia-Pacific is expected to remain as the largest market due to increase in capacity installations, led by countries such as China, India and Japan.
Governments in this region are strongly committed towards having a cleaner energy mix and are supporting the evolution of such technologies through various policies and R&D initiatives.
The report "Combined Heat and Power Market, Update 2019 - Global Market Size, Segmentation, Regulations, and Key Country Analysis to 2025", offers comprehensive information and analysis of the global combined heat and power market. The report provides a clear overview of and detailed insight into the global CHP market.
It provides data covering historic and forecast market size, market segmentation and installed capacity globally, and in eleven key Combined Heat and Power markets - The US, Canada, Brazil, Germany, Netherlands, France, Russia, the UK, China, India, and Japan. The report analyzes key market aspects which determine Combined Heat and Power sector and provides information on installed capacity share by fuel, end-user, capacity range & prime mover.
Scope
- Market study at global level and for eleven key countries The US, Canada, Brazil, Germany, Netherlands, France, Russia, the UK, China, India, and Japan.
- Historic (2006-2018) and forecast data (2019-2025) for cumulative and annual installed CHP capacity
- Information on installed capacity share by fuel, prime mover, end-user and capacity range
- Analysis on major market forces driving or restraining the growth of CHP market at global and country level
- Market size for the 2010-2018 period, and forecast for the 2019-2025 period.
- Key policies and regulations supporting the development of CHP market at country level.
Reasons to buy
The report will allow you to -
- Facilitate decision-making by providing historical and forecast data in the CHP sector
- Develop business strategies by understanding the trends shaping and driving the CHP market
- Position yourself to gain the maximum advantage of the industry's growth potential
- Maximize potential in the growth of the CHP market
- Identify key partners and business-development avenues
- Respond to business structure, strategy and prospects.
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