07 November 2019
Cogeneration Equipment Market Report 2020-2030: Forecasts by Fuel (Natural Gas, Biomass, Coal, Others), Technology (Reciprocating Engine, Steam Turbine, Gas Turbine, Others), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) and analysis of leading companies operating in this industry.
Increasing global requirement for electricity combined with growing use of renewable energy is expected to fuel the market for cogeneration machinery over the next seven years. Over the next seven years, the industry is anticipated to develop at an approximately 9% CAGR. It is anticipated that rising energy rates will stay a main driver of market growth.
Cogeneration or mixed thermal and power (CHP) devices are used to produce electricity and heat energy concurrently from a single type of fuel such as natural gas, biomass, timber, carbon, landfill thermal or petroleum. CHP devices can function at concentrations of up to 77% to 81% relative to standard machines ' effectiveness of around 46% and can decrease coal pollution by up to 29% relative to standard structures.
Increasing renewable energy initiatives are anticipated to boost supply over the forecast period in emerging Asia Pacific and Latin America areas. In mixed thermal and energy (CHP) structures, natural gas is the most commonly used petrol. It is abundantly accessible, especially in Russia, the United States, Canada, Iran, and Qatar. In the close future, decreasing prices and extensive supply of natural gas are anticipated to fuel positive public strategies along with outdated infrastructure.
CHP is widely used in a broad range of apps including residential buildings, oil & gas infrastructure, tiny and big sectors, and business apps such as clinics, colleges, and shopping centers. Cogeneration technologies have apps in industrial and commercial apps as well as in larger housing apps. The energy produced by cogeneration crops is used in a broad spectrum of purposes, including manufacturing procedures, room and air cooling.
Some of the main constraints for this industry are the high original capital demand along with trouble in adequate utility contact. These solutions are useful in the lengthy run, but owing to their complicated technological needs, their original price is very large relative to standard technologies, and many tiny and medium-sized organisations and institutions discover it hard to afford them.
The COVID-19 crisis has dramatically affected oil and gas production and demand, leaving no midstream markets untouched as drilling screeched to a halt, pipeline projects were sidelined and global storage neared capacity in a stark reversal of trends at the start of 2020.
25 November 2020
Increasing oil consumption, high recovery rates through successful implementation of CEOR, coupled with high cost of new exploration is expected to drive the implementation of CEOR over the coming years.
22 October 2020
Visiongain expects that various public support mechanisms will remain the principal driver throughout the forecast period. Estimates for the cost of CCS range between research papers as well as between capture technologies and plant characteristics.
02 October 2020
Supply gap due to production halt brought about by COVID-19 pandemic is expected restrict sales growth. However, the rising demand for coal tar products from the healthcare sector is expected to stabilize market growth during the forecast period.