Combined Heat and Power Market to Witness Robust Growth by 2028
The combined heat and power market was estimated to grow from US$ 28.9 Billion in 2023 to reach US$ 38.91 Billion by 2028 at a CAGR of 5.7% during the forecast period.
The process of generating both, heat and electricity, at the same time is known as combined heat and power (CHP) generation. Different fuels, such as natural gas, biofuels, and oil, are used in the process. CHP is a system that recovers lost energy by using waste heat. It provides heat to the power plant or the buildings connected to the power plant via a steam pipe network.
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Combined Heat and Power Market Trends & Growth Analysis
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Combined Heat and Power Market Trends & Growth Analysis

The report on combined heat and power market estimates a healthy growth rate of 5.7% CAGR during the forecast period to reach US$ 38.91 Bn by 2028.