Market Research Insights

  San Francisco, 3 May 2023:  The Report   Combined Heat & Power Installation Market  Size, Share & Trends Analysis Report By Type (Large Scale, Small Scale), By Fuel (Natural Gas, Coal, Biomass), By Technology, By Region, And Segment Forecasts, 2020 - 2027 The global combined heat and power installation market size is expected to reach USD 12.0 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.1% over the forecast period. Modification in preferences towards replacing conventional sources of energy systems on account of uninterrupted power supply and operational cost is expected to drive the market. Growing energy demand from industrial applications, such as paper, pulp, chemical, cement, pharmaceuticals, refining, and sugar is also expected to have a positive impact on market growth. Rising demand for lighting and space heating applications in retail malls, offices, hospitals, and universities has also encouraged CHP installation