Combined Heat and Power Market Growth Analysis
Amayrashah1524 Jul, 2023Technology
The Combined Heat and Power Market was estimated to grow from US$ 27.9 Billion in 2022 to reach US$ 38.91 Billion by 2028 at a CAGR of 5.7% during the forecast period. North America is estimated to be the leading region in the market during the forecast period. Governments across the region are supporting the region's market growth by establishing strict carbon emission targets, as a result of which countries are reducing their reliance on coal-powered power plants and introducing cleaner fuels into their energy mix. Furthermore, rising demand for clean energy is expected to drive market growth in the coming years.
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