Combined Heat and Power Market

The Combined Heat and Power (CHP) market consists of systems that generate both electricity and useful thermal energy from a single fuel source, significantly improving energy efficiency. Key customers are in the industrial, commercial, residential, and utility sectors, with industrial users being the largest segment due to their consistent need for both power and heat. The market's growth is primarily driven by a global focus on energy efficiency, the need for reliable power supplies, and a growing emphasis on reducing carbon emissions and energy costs.