Combined Heat And Power Market Size, Share, Trend, Forecast, Competitive Analysis, And Growth
July 19, 2022 ⚊ 1 Min read ⚊ Views 80 ⚊ BUSINESS
The combined heat and power market is estimated to grow at a promising CAGR of 8.5% 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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