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According to a recent research report by Global Market Insights, Inc.
, a market research and strategy consulting firm, the cogeneration power supply market is expected to reach $30 billion
by 2024.
Growth measures to reduce energy bills through waste heat utilization will contribute to the continued growth
of waste heat power supply.
However, volatile fuel prices and growing demand for electricity will also have a negative impact
on this.
According to the U.
S.
Energy Information Administration, the industrial and commercial sectors consumed about £4,450 trillion in thermal energy in
2016.
Rapid industrialization and an increasing focus on reducing the overall operating costs of industry will drive more waste heat into the electricity market
.
Increasing installation of heating installations for industrial and utility applications, along with ongoing energy-saving measures will further augment the business outlook
of this market.
By 2024, the German cogeneration market is expected to reach more than
800 MW.
Stringent government carbon emission standards and increasing energy security measures will drive business growth
.
Rising concerns about meeting decarbonization targets and increasing energy consumption will further complement its industry outlook
.
According to AG Energiebilanzen (AGEB), the country's total energy consumption increased by 1.
6%
in 2016 compared to 2015.
The cogeneration power supply market will witness strong growth
due to the introduction of several energy efficiency regulations and industry standards to promote the adoption of energy-efficient systems.
In December 2015, the South African Green Building Council committed to launching a building certificate scheme by 2020 that includes energy use, protection and carbon emissions
for industrial, commercial and residential buildings.
Heavy metal applications are expected to exceed 12%
by 2024.
The industrial sector's efforts to meet its growing energy needs through waste heat utilization and increasing investment in infrastructure will drive waste heat into the electricity market
.
The implementation of these systems will reduce the overall operating costs, which will boost the demand for
this market over the forecast timeframe.
According to a recent research report by Global Market Insights, Inc.
, a market research and strategy consulting firm, the cogeneration power supply market is expected to reach $30 billion
by 2024.
Growth measures to reduce energy bills through waste heat utilization will contribute to the continued growth
of waste heat power supply.
However, volatile fuel prices and growing demand for electricity will also have a negative impact
on this.
According to the U.
S.
Energy Information Administration, the industrial and commercial sectors consumed about £4,450 trillion in thermal energy in
2016.
Rapid industrialization and an increasing focus on reducing the overall operating costs of industry will drive more waste heat into the electricity market
.
Increasing installation of heating installations for industrial and utility applications, along with ongoing energy-saving measures will further augment the business outlook
of this market.
By 2024, the German cogeneration market is expected to reach more than
800 MW.
Stringent government carbon emission standards and increasing energy security measures will drive business growth
.
Rising concerns about meeting decarbonization targets and increasing energy consumption will further complement its industry outlook
.
According to AG Energiebilanzen (AGEB), the country's total energy consumption increased by 1.
6%
in 2016 compared to 2015.
The cogeneration power supply market will witness strong growth
due to the introduction of several energy efficiency regulations and industry standards to promote the adoption of energy-efficient systems.
In December 2015, the South African Green Building Council committed to launching a building certificate scheme by 2020 that includes energy use, protection and carbon emissions
for industrial, commercial and residential buildings.
Heavy metal applications are expected to exceed 12%
by 2024.
The industrial sector's efforts to meet its growing energy needs through waste heat utilization and increasing investment in infrastructure will drive waste heat into the electricity market
.
The implementation of these systems will reduce the overall operating costs, which will boost the demand for
this market over the forecast timeframe.
