Research Confirms Global Increase in Combined Heat and Power Uptake
Leading market research company, Transparency Market Research, has just released “Global Combined Heat and Power (CHP) Installation Market…” – As the title suggests, it’s a very thorough insight into the global CHP market and one that predicts growth from US$524.89 bn in 2014 to around $812.80 bn by 2024.
The paper attributes increasing awareness of the benefits of CHP to its significant growth rate, along with supportive policies, feed-in-tariffs provided by governments and of course, lower fuel pricing as other major drivers.
Here at shentongroup, we can certainly confirm that CHP is becoming increasingly popular across the UK, as we install more and more systems for organisations spanning industries as diverse as Healthcare, Education, Government (incl. Local Authorities), Food Production, Leisure and Sport (incl. Hotels and Leisure Centres), Housing and more. Generally speaking, where there’s a requirement for large volumes of hot water, Combined Heat and Power becomes a very attractive proposition. To begin with, CHP systems generate electricity from cheaper natural gas, and secondly, the resulting heat generated from this initial process is channelled into heating and hot water systems, bringing large cost savings over alternative power supply systems.
When one also considers the resulting lower carbon footprint that CHP brings to organisation, Combined Heat and Power ensures that new buildings and developments meet the increasingly important level 4 of the BREEAM Code for Sustainable Homes, something that is examined in our case study entitled ‘Combined Heat and Power Systems for New Housing Development in Surrey”.
Our website also provides a number of whitepapers exploring whether CHP is the right choice for your organisation and the design and operational considerations of PHP systems. Specifiers, consultants, contractors and estimators, as well as end users including building maintenance personnel and building services managers should all find these informative and useful and they can be downloaded here!
To discuss your requirements and to find out why shentongroup is a leading expert in Combined Heat and Power, speak to a member of our team now!