Combined Heat and Power Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast The global combined heat and power market size is expected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to factors such as the active supply, improved energy efficiency, in addition to the regulatory pressure on power plants and industrial boilers may drive the number of installations of power plants.
Combined heat and power (CHP) is an efficient local power generation process that helps eliminate power distribution networks and generate heat in integrated systems. A large amount of energy saving is applicable to different end users. The energy generated is used to cool commercial and residential setup and space heating. These facilities have low cost, minimal distribution loss, and high efficiency. The growing demand for distributed power generation through various power systems, coupled with extensive design, capabilities, and applications of cogeneration systems are estimated to increase product penetration. Factors such as efficient systems, low installation & operating costs, and competitive natural gas prices are projected to drive the market. In addition, both developed and developing countries are becoming more aware of energy saving and high efficiency. Over time, these factors are expected to promote the development of the combined heat and power market. Combined heat and power plants are more expensive than traditional systems such as boilers and diesel generators. Request Sample link :- https://growthmarketreports.com/request-sample/2028 Market Trends, Drivers, Restraints, and Opportunities