Combined Cooling Heat and Power Plant Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


#14725

Future Market Insights

$ 5000

The combined cooling heat and power (CCHP) plant market is expected to gain traction over the forecast period owing to government regulations regarding emission of greenhouse gases and emergence of new technologies, such as absorption chiller, that efficiently covert heat into cooling. Cooling heat and power together, also known as trigeneration, is a process in which the heat produced by combined heat and power plant is used to generate cooling energy for refrigerator and air conditioning. It is the most economical and eco-friendly way to generate heat, cooling and electricity, making it the ideal solution for organizations which have significant cooling requirements. Combined cooling heat and power plant consists of an electricity generator, heat exchanger, gas engine and chiller. Additionally, the important benefit of CCHP include greater efficiency, i.e., a single fuel source can generate several forms of energies, such as electrical energy, heat energy and cooling energy.

Combined Cooling Heat and Power Plant Market: Dynamics

Drivers:

Environmental regulation regarding Co2 emission is expected to be a major factor that drives the growth of the combined cooling heat and power plant market over the forecast period. Moreover, combined cooling heat and power plants are much more efficient than separate generation of electricity and energy which is also considered as a factor which gives traction to the growth of the market. That apart, the different benefits of combined cooling heat and power plant such as significant reduction in greenhouse gas emission, reduced fuel and energy cost and lower electric usage will also add to the growth of market.

Restraint

High initial investment and long recovery period are expected to be a major barriers that hinder the growth of the combined cooling heat and power plant market. Moreover, challenges created by the highly dynamic nature and non-coincidence of electrical loads and thermal loads in targeted applications is expected to hamper the growth of the combined cooling heat and power plant market over the forecast period. Additionally, anxiety in integrating developed algorithms into control technology hardware and software will act as a restraining factor for the growth of the combined cooling heat and power plant market.

Combined Cooling Heat and Power Plant Market: Segmentation

The global combined cooling heat and power plant market can be segmented based on system type, technology, chiller type and application.

By System type, the combined cooling heat and power plant market can be segmented into:

  • Smaller System (less than 5MW)

  • Medium System (5MW to 20MW)

  • Large System (above 20MW)

By Technology, the combined cooling heat and power plant market can be segmented into:

  • Reciprocating Engines

  • Turbines

  • Fuel Cells

By Chiller type, the combined cooling heat and power plant market can be segmented into:

  • Absorption Chiller

  • Engine Drive Chiller

By application, the combined cooling heat and power plant market can be segmented into:

  • Industrial

  • Commercial

  • Institutional

Combined Cooling Heat and Power Plant Market: Region-wise Outlook

Asia Pacific will be closely followed by North America during the forecast period. Both of these markets are expected to witness immense growth in the combined cooling heat and power plant market due to rapid industrialization. Western Europe, in particular, is projected to witness growth in the combined cooling heat and power plant market due to the expected growth in the construction industry during the forecast period. Latin America is expected to grow at a significant CAGR during the forecast period owing to high demand of combined cooling heat and power plantin the growing commercial and institutional sector in the region.

Combined Cooling Heat and Power Plant Market: Market Participants

Examples of some of the market participants identified across the value chain of the global combined cooling heat and power plant market include:

  • GETEC heat & power AG

  • Peter Brotherhood Ltd.

  • Clarke Energy

  • Siemens

  • ABB

  • AGO AG Energie + Anlagen

  • MAN Diesel & Turbo SE

  • M-Trigen

  • O’Hair Shutter Ltd.

  • Grastim Energia

  • Biomass Power

  •  International Coil Ltd.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.