Combined Heat And Power (CHP) Market , or cogeneration, involves the simultaneous production of electricity and useful thermal energy from a single fuel source. By capturing waste heat that would otherwise be lost, CHP systems can achieve efficiencies of over 80%. The market is driven by the industrial and commercial sectors' need to reduce energy costs and carbon emissions. While traditionally fueled by natural gas, the market is shifting toward carbon-neutral fuels like biogas, hydrogen, and biomass. Small-scale 'Micro-CHP' for residential use is also gaining traction. As decentralized energy systems become more popular, CHP remains a vital tool for local grid resilience and efficient resource utilization.More Trending Reports on Energy & Power by Market Research Future
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