Flourishing Asia Pacific Market to Follow Combined Heat and Power Industry's Vanguard in Europe
Combined heat and power systems are most effective in cold climates, where heat is constantly required. When producing both heat and power, CHP systems can achieve an energy consumption efficiency of up to 90%, which is higher than any energy generation system producing either one. Due to the steady growth in their demand, the global combined heat and power installation market is expected to be valued at US$812.8 bn by the end of 2024. According to Transparency Market Research (TMR),...
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