2012-09-18 07:05:23 -
Analysis of the Cogeneration Market - a new market research report on companiesandmarkets.com
Growing concerns about global warming have led to stringent legislation in the power-generation sector in the United States. Regulators have mandated energy providers to meet a certain portion of their electricity demand through renewables and energy-efficiency measures. Some states have granted fiscal incentives for cogeneration projects through an investment tax credit (ITC) plan to offset the initial investment cost for end users. The Environmental Protection Agency (EPA) has proposed the National Action Plan to measure states´ progress in implementing policies to remove or minimize the barriers for development of cogeneration in the United States. Such strong legislations will drive the market and have a high impact throughout the forecast period.End-user Demand for Higher Efficiency Encourages Investment in CHPIn the current
economic situation, end users, including utility companies, are looking to generate maximum power from available fuel. These end users identified cogeneration as the ideal solution for addressing the cost factor, as it offers higher efficiencies and potential cost savings. These characteristics of cogeneration equipment promote long-term investment and drive end users to invest. In addition to the economic benefits, adopting cogeneration also reflects the current energy scenario in North America, where environmental and efficiency concerns rank highly. Thus, the impact of this driver is expected to be medium in the short term, while in the medium and long terms the impact is likely to be high.Environmental Concerns Drive the CHP MarketHumans generate a huge quantity of waste material in their day-to-day activities. In particular, industries and utility companies release a large amount of hazardous gas into the atmosphere in their daily operations. Due to a rise in environmental concerns, regulators have implemented strict policies to lessen harmful effects on the atmosphere. A number of regulatory measures, such as carbon credits and renewable portfolio standards, are meant to protect the environment in the long run. Environmental issues likely will guide the growth of the cogeneration market and have a medium effect throughout the forecast period.Report ScopeThis study details the driving and restraining factors that are expected to impact the North American cogeneration market during the forecast period (2011 to 2016). Implications of market dynamics and industry challenges during the forecast period on the market growth also have been analyzed. Furthermore, the study discusses the current issues, including revenue forecasts, installed capacity forecast, pricing and market trends, geography, Mega Trends and its impact on the cogeneration industry, and competition prevailing in the North American market. The study is segmented by prime movers including gas turbine, steam turbine, combined cycle, reciprocating engine, microturbine, and fuel cell.
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