COMBINED HEAT AND POWER TO JUMP 33% IN 10 YEARS

Industrial Combined Heat and Power; Fuel Cell, Engine, and Turbine Technologies for Cogeneration in Industrial Applications: Global Market Analysis and Forecasts

1Q 2014 (Navigant Research)

“…[T]he industrial combined heat and power (CHP) market is capturing renewed interest across all regions. Deployed at small- or large-scale at extraction, processing, and manufacturing sites, industrial CHP systems produce electricity while also capturing heat that would otherwise be treated as waste…North America, Western Europe, and Eastern Europe accounted for 80% of installed capacity worldwide in 2012, but the diversity in fuel use, technology, and end users makes the industrial CHP market highly dynamic across all continents. Although high capital costs and variability across sites restrict market growth, the expansion of low-cost natural gas is lowering the barriers…[and] governments around the world are focusing on increasing subsidies and other incentives…Navigant Research forecasts that total installed industrial CHP capacity will grow from 317.9 GW in 2013 to 483.7 GW in 2023 globally under a base scenario…” click here for more

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