Global Combined Heat and Power Market Analysis an Eye Opener
As the world’s developing and developed nations strive to lower their green house emissions, a recent report on the global Combined Heat and Power installation sector supports other reports many countries are striving to make significant changes across both their industrial and consumer markets by the increased adoption of CHP cogeneration systems.
‘Combined Heat and Power Installation Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018’, produced by Transparency Market Research indicates that the sector will grow at a strong rate through 2018. The report asserts that the collective global capacity of CHP of more than 452.9 GW through various installations across the globe in 2011 has since shown a year-on-year increase of 15.3 per cent and that by 2018, CHP installations throughout the world will account for some 1,219.1 GW of power. As well as the obvious demand for greener power, CHP is gaining favour through the abundance of greener and cheaper natural gas.
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