Combined Heat and Power Chp Systems Market Dynamics, Forecast, Analysis and Supply Demand 2016-2026

Cogeneration (also known as combined heat and power systems (CHP)) is a cluster of technologies primarily used for the concurrent generation of electricity and useful heat. This combined generation of heat and electricity is much more effective than separate generation of electricity and useful heat in a way that CHP systems offers improved energy efficiency, reduced managing cost, low CO2 emission and others. Growing data center capacity as business operate more processes, handle complex analytics with increasing storage requirements for customer data and employing rich media. Handling of such large data requires continuous supply of reliable power making cogeneration systems of primary importance. Efficiency level for cogeneration systems can reach up to 80 % against separate generation of heat and electricity which provides combined efficiency of 40-50 %. CHP systems for data centers are gaining traction in the market as using such plants as source of data center power leads to energy efficient and substantial cost reduction benefits. However, another technology commercially available for powering data centers includes fuel cells. Although CHP systems are less efficient than fuel cells but requires lesser fuel to generate the same amount of power and has a win when its ability to supply chilled water is factored. Some of the major benefits offered utilizing CHP systems for data centers are limited reliance over external power supply, increased energy efficiency, low site carbon emission and others.

Global CHP System market for Data Centre: MarketDynamics

Regions with high electricity cost are readily adopting CHP systems primarily to save on their energy cost to provide base load power and using such systems to provide absorption cooling for the facility. Moreover, government initiatives to install CHP systems in data center facilities due to low CO2 emissions is also expected to increase its adoption rate thereby increasing the adoption of CHP system in...