Multiple Benefits Of Cogeneration Boost Its Popularity In Southeast Asia
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c50458) has announced the addition of the new Frost & Sullivan Report "Southeast Asian Cogeneration Equipment Markets" to their offering.
This Frost & Sullivan research service entitled Southeast Asian Cogeneration Equipment Market provides a comprehensive overview of the different equipment used for cogeneration with an in-depth analysis of market and end-user trends as well as revenues and megawatt forecasts for each country covered in this study. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following market segments: gas turbines, steam turbines, fuel-fired boilers, and heat recovery steam generators.
Market Overview
Multiple Benefits of Cogeneration Boost its Popularity in Southeast Asia
Combined heat and power (CHP) generation, popularly known as cogeneration, has emerged as a highly attractive alternative to traditional power and heat generating options in recent years due to its low capital investment, reduced fuel consumption and environmental pollution, as well as better fuel diversity. Globally, countries are increasingly shifting toward energy development based mainly on biomass, coal, and gas to tackle diminishing oil reserves and skyrocketing oil prices and Southeast Asia is no exception to this rising trend. This region's thriving manufacturing and service sectors present excellent growth opportunities for cogeneration equipment manufacturers due to the ability of this technology to provide dual output from a single source.
Growing environmental concerns and increasing global emphasis on reducing greenhouse gases are two of the biggest factors driving the use of cogeneration for bulk power generation. Due to its improved efficiency in fuel conversion, cogeneration reduces the amount of fuel burned for a given energy output and enables companies to meet stringent emission standards. Most significantly, companies can make use of abundantly available fuel resources such as biomass and industrial waste for generating on-site power, thereby gaining substantial cost benefits. The waste heat generated can be effectively utilized for other purposes such as district heating and air conditioning applications, note the analysts of this research service. This leads to significant savings in energy costs that act as a major driver for cogeneration.
Positive Market Outlook for Cogeneration Equipment
In 2005, the Southeast Asian cogeneration equipment market earned revenues of $814.5 million and this is expected to grow to $1,655.0 million by the end of 2012 at a compound annual growth rate (CAGR) of 10.7 percent, largely due to vigorous industrial development in the region. While the gas turbine and steam turbine segments are developing ones, the segment for boilers is saturated. The heat recovery steam generators (HRSG) segment is currently an emerging one with limited scope. Market trends indicate that end users are demanding highly efficient equipment to help them meet strict emission regulations. Other significant trends include the repowering of old plants and the establishment of new ones, observe the analysts. The demand for onsite power generation is expected to grow, especially in industries located in the rural areas where the fuel resources available are mainly biomass and industrial waste.
For more information, visit http://www.researchandmarkets.com/reports/c50458
Contacts
Research and Markets
Laura Wood, Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
This Frost & Sullivan research service entitled Southeast Asian Cogeneration Equipment Market provides a comprehensive overview of the different equipment used for cogeneration with an in-depth analysis of market and end-user trends as well as revenues and megawatt forecasts for each country covered in this study. In this research service, Frost & Sullivan's expert analysts thoroughly examine the following market segments: gas turbines, steam turbines, fuel-fired boilers, and heat recovery steam generators.
Market Overview
Multiple Benefits of Cogeneration Boost its Popularity in Southeast Asia
Combined heat and power (CHP) generation, popularly known as cogeneration, has emerged as a highly attractive alternative to traditional power and heat generating options in recent years due to its low capital investment, reduced fuel consumption and environmental pollution, as well as better fuel diversity. Globally, countries are increasingly shifting toward energy development based mainly on biomass, coal, and gas to tackle diminishing oil reserves and skyrocketing oil prices and Southeast Asia is no exception to this rising trend. This region's thriving manufacturing and service sectors present excellent growth opportunities for cogeneration equipment manufacturers due to the ability of this technology to provide dual output from a single source.
Growing environmental concerns and increasing global emphasis on reducing greenhouse gases are two of the biggest factors driving the use of cogeneration for bulk power generation. Due to its improved efficiency in fuel conversion, cogeneration reduces the amount of fuel burned for a given energy output and enables companies to meet stringent emission standards. Most significantly, companies can make use of abundantly available fuel resources such as biomass and industrial waste for generating on-site power, thereby gaining substantial cost benefits. The waste heat generated can be effectively utilized for other purposes such as district heating and air conditioning applications, note the analysts of this research service. This leads to significant savings in energy costs that act as a major driver for cogeneration.
Positive Market Outlook for Cogeneration Equipment
In 2005, the Southeast Asian cogeneration equipment market earned revenues of $814.5 million and this is expected to grow to $1,655.0 million by the end of 2012 at a compound annual growth rate (CAGR) of 10.7 percent, largely due to vigorous industrial development in the region. While the gas turbine and steam turbine segments are developing ones, the segment for boilers is saturated. The heat recovery steam generators (HRSG) segment is currently an emerging one with limited scope. Market trends indicate that end users are demanding highly efficient equipment to help them meet strict emission regulations. Other significant trends include the repowering of old plants and the establishment of new ones, observe the analysts. The demand for onsite power generation is expected to grow, especially in industries located in the rural areas where the fuel resources available are mainly biomass and industrial waste.
For more information, visit http://www.researchandmarkets.com/reports/c50458
Contacts
Research and Markets
Laura Wood, Senior Manager
Fax: +353 1 4100 980
press@researchandmarkets.com
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