The global combined heat and power (CHP) systems market is anticipated to be valued at US$ 28,412.4 Million in 2022, forecast to grow at a CAGR of 4.7% to be valued at US$ 45,123.5 Million from 2022 to 2032. Growth is attributed to increasing demand for electricity and power.
Cogeneration (also known as combined heat and power systems (CHP)) is a cluster of technologies primarily used for the concurrent generation of electricity and useful heat. This combined generation of heat and electricity is much more effective than separate generation of electricity and useful heat in a way that CHP systems offers improved energy efficiency, reduced managing cost, low CO2 emission and others.
Combined Heat and Power (CHP) is a productive and clean way to deal with creating electric power and thermal power from a solitary fuel source. CHP produces power creation at or close to the end user’s site so that the heat released out of power generation can be utilized to meet the user’s heat necessities while the power produced meets all or a part of the site’s energy needs. Applications with consistent electricity and thermal energy demand are great monetary focuses for CHP deployment.
Request A Sample: https://www.futuremarketinsights.com/reports/sample/rep-gb-2000
Global CHP System market for Data Centre: Market Dynamics
Regions with high electricity cost are readily adopting CHP systems primarily to save on their energy cost to provide base load power and using such systems to provide absorption cooling for the facility. Moreover, government initiatives to install CHP systems in data center facilities due to low CO2 emissions is also expected to increase its adoption rate thereby increasing the adoption of CHP system in data centers.
Low economic life of data center IT equipment results in consumer reluctance towards adoption of CHP systems for data centers since these systems have equipment life of around 10-15 years in comparison to economic life of IT equipment which is only 2-3 years.
Global CHP System market for Data Centre: Segmentation
The global CHP system market for data center can be segmented on the basis of data center types, facility size, installation type and region. By Data center types the market can be segmented into Telecoms, ISP’s (internet Service Provider), CoLos (Co-located server hosting facilities), server farms, corporate data centers, university/ national laboratory and others.
Based on facility the market can be segmented into less than 200 sq.ft, 200-700 sq.ft, 700-1,200 sq.ft, 1,200-6,000 sq.ft and more than 6,000 sq.ft. Based on installation type global cogeneration systems market for data center can be segmented into newly installed systems and retrofit systems. By region global CHP system market for data centers can be segmented into seven key regions namely North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific Excluding Japan (APEJ), Middle East and Africa and Japan.
Global CHP System market for Data Centre: Key Players
Some of the major players identified across CHP system market for data center includes ENER-G, Korea Electric Power Corporation, National Grid plc, Exelon Corporation, NextEra Energy, Inc., Chubu Electric Power Company, American Electric Power Company, Inc. and others.
Customization Before Buying, Visit: https://www.futuremarketinsights.com/customization-available/rep-gb-2000
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report covers exhaustive analysis on
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC, S. Africa, N. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Explore Our Trending Reports of FMI’s Industrial Automation Market Insights Landscape
Below 30 Hp Centrifugal Water Pump Market – Below 30 Hp Centrifugal Water Pump Market By Industrial (Mini Pumps (0.5-30 HP), Monobloc Pumps (0.5-30 HP), Submersible Pumps (0.5-30 HP)), Agriculture (Mini Pumps (0.5-30 HP), Monobloc Pumps (0.5-30 HP), Submersible Pumps (0.5-30 HP)), Domestic (Mini Pumps (0.5-30 HP), Monobloc Pumps (0.5-30 HP), Submersible Pumps (0.5-30 HP)) & Region – Forecast to 2014 – 2020
Heat Pumps Market – Future Market Insights (FMI) has estimated the Heat Pumps Market to grow with a year-on-year growth of 3.6% in 2022 reaching a value of about US$ 33,156 Mn by 2022 end.
Positive Displacement Pump Market – The global positive displacement pumps market is expected to garner a market value of US$ 13.78 Billion in 2022 and is expected to accumulate a market value of US$ 21 Billion by registering a CAGR of 4.3% in the forecast period 2022-2032.
Gaskets and Seals Market – The global gaskets and seals market is anticipated to hold a market value of USD 102 Bn by 2026, while recording a CAGR of 5.4% during the assessment period.
Vibration Control Systems Market –
Vibration Control Systems Market By System (Vibration Controls, Motion Controls, Automation Control), End Users (Mining & Quarrying, Oil & Gas, Utilities, Transportation, Food Manufacturing, Bev. & Tobacco Textile Mills, Bi-Products, Chemical mfg., Electrical Equip), Sales Type (O.E.M, Aftermarket) & Region – Forecast 2021 – 2031
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of the Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel and End-Use over the next 10-years.
Contact:
Future Market Insights,
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com