The Brazil combined heat and power market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing demand for energy efficiency from industries.
Combined heat and power (CHP) is also called cogeneration. This method produces heat and electricity at the same time. It is a framework that recovers lost energy by utilizing the waste heat to provide heat to the power plant or to the buildings that are associated with the power plant through a steam pipe network. The growth in the deployment of CHP innovations require energy proficiency.
CHP is an energy-efficient innovation and consumes a lesser amount of fuel to produce energy. Additionally, CHP frameworks avoid transmission and distribution (T&D) losses, ease grid congestion during high power demand and eliminate the require for the development of T&D infrastructure. Thus, the power-producing facilities of CHP along with significant economic and environmental benefits.
Brazil is a significant buyer and has one of the world’s most biomass potentials. As an energy source, biomass is an alternative to fossil fuels since the use of biomass is the result of a combination of factors, including the availability of cheap biomass resources and cheap labor, rapid industrialization and urbanization, and historical experience with large scale industrial applications of biomass energy.
CHP or cogeneration is the generation of electricity or mechanical power provides a number of potential benefits for Brazil in terms of increased energy efficiency, lower greenhouse gas and other emissions, economic competitiveness, and energy resiliency.
Market Trends, Drivers, Restraints, and Opportunities
- Growing adoption of biomass power plants is estimated to positively influence the market growth during the forecast period
- Increasing demand for district heating is expected to boost the combined heat and power market growth.
- Rapid industrialization and urbanization is positively influencing the growth of the market.
- Increasing clean energy demand is projected to spur market growth in the coming years.
- High initial investment can hinder the growth of the market.
- Stringent emission norms are expected to create lucrative opportunities during the forecast period.
Scope of the Combined Heat and Power Market Report
The report on the Brazil combined heat and power market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Combined Heat And Power Market - Brazil Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Residential, Commercial, and Industrial and Utility), Fuel Types (Natural Gas, Biomass, Coal and Others)
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Country Scope
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Brazil
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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General Electric Company; CHP Brasil; MITSUBISHI HEAVY INDUSTRIES, LTD.; Caterpillar Inc.; and Cummins Inc.
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Brazil Combined Heat and Power Market Segment Insights
Commercial and industrial segment is expected to grow at a rapid pace
Based on applications, the market is divided into residential, commercial, and industrial and utility. The commercial segment is estimated to account for a significant share of the market owing to the increasing number of innovative and financial incentives. Rising development of the small-scale industrial sector coupled with high electricity demand can positively influence business growth. The rise in demand for reliable and cost-effective technologies along with measures toward carbon footprints can propel the commercial combined heat and power market.
Biomass segment is projected to expand at a considerable CAGR
In terms of fuel types, the combined heat and power market is segmented into natural Gas, biomass, coal and others. The biomass segment is estimated to account for a key share of the market due to various government schemes including road transport fuel certificates and non-domestic renewable energy incentives.
Segments
The Brazil combined heat and power market has been segmented on the basis of
Applicaton
- Residential
- Commercial
- Industrial and Utility
Fuel Types
- Natural Gas
- Biomass
- Coal
- Others
Country
Key Players
Competitive Landscape
Key players competing in the Brazil combined heat and power market are General Electric Company; CHP Brasil; MITSUBISHI HEAVY INDUSTRIES, LTD.; Caterpillar Inc.; and Cummins Inc.
The recently introduced combined heat and power (CHP) plant at Toplana Zenica in March 2020 is expected to start operations in 2021. This plant will eliminate the use of coal for district heating and utilize waste gases from the ArcelorMittal Zenica steel plant. The CHP plant will have a power result of 14.45 MW and a heat capacity of 112.5 MW.
In September 2018, a biomass-based combined heat and power plant was biomass commissioned in Southwest England, with a generation capacity of 27 MW. The plant's ability is the point of providing 50,000 homes while saving more than 100,000 metric tons of carbon dioxide every year.
