Combined Heat and Power (CHP) Installation Market Trends and Forecast 2016 - 2024

Transparency Market Research has released a new market report titled “Combined Heat and Power Installation Market - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2016 - 2024.” According to the report, the global combined heat and power installation market stood at US$524.89 bn in 2014 and is forecast to reach US$812.80 bn by 2024 at a CAGR of 4.38% from 2016 to 2024. Complete Report with TOC : http://www.transparencymarketresearch.com/combined-heat-and-power.html CHP employs a technology to produce electricity and utilizes the heat emitted during power generation, simultaneously. In contrast, in conventional systems, the heat generated during power production is dissipated in the surroundings. As a result of which, conventional systems function only at an efficiency of 40%-50%. CHP systems, due to their energy utilization process, are able to save 40% of energy additionally.

Combined Heat and Power (CHP) Installation Market Trends and Forecast 2016 - 2024

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