Asia set to cement position as global CHP leader

By District Energy posted 02-15-2019 10:25

  

Kelvin Ross, Power Engineering International

Summary

A new report concludes that the Asia Pacific region will continue to dominate the global market for new capacity additions of combined heat and power plants.

The study by analysts at GlobalData reveals that worldwide CHP capacity is estimated to grow significantly from last year’s 864.2 GW to 1050.5 GW in 2025, due to significant capacity additions by China and India.

Asia-Pacific was the largest region in terms of both net capacity additions and cumulative CHP capacity in 2018.

GlobalData power analyst Anchal Agarwal said: “Europe was the region with the highest installed CHP capacity until 2009, primarily due to early development of technology, carbon savings target and large capacity installations in major countries such as Russia, Netherlands, Germany and the UK.

“In 2010, the APAC region overtook Europe as it added capacities while Europe stagnated at its already high level. The governments in APAC are strongly committed towards having a cleaner energy mix and are supporting the evolution of such technologies through various policies and R&D initiatives.”

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#CHP
#AsiaPacific
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