Powering Efficiency: The Rise of Distributed Generation & Thermal Recovery in the Combined Heat and Power Market
The global Combined Heat and Power (CHP) market—also known as cogeneration—has been steadily gaining momentum, projected to grow from USD 30.4 billion in 2024 to USD 39.2 billion by 2029 at a CAGR of 5.2%.
At its core, CHP involves the simultaneous production of electricity and useful heat from the same energy source. Unlike traditional power plants, which waste significant heat energy,...