Asia-Pacific's Distributed Combined Heat and Power Capacity to Expand with $56 Billion Capital Investment, says GlobalData Analyst

Asia-Pacific's (APAC) distributed Combined Heat and Power (CHP) installed capacity to grow from around 37.7 Gigawatts (GW) in 2013 to approximately 64 GW by 2019 ---- Considerable efforts taken by China and other APAC countries will allow the region to retain the leading global distributed CHP market share by 2019, says analyst

LONDON, UK (GlobalData), 29 July 2014 - The Asia-Pacific (APAC) region's distributed Combined Heat and Power (CHP) installed capacity will grow from around 37.7 Gigawatts (GW) in 2013 to approximately 64 GW by 2019, at a Compound Annual Growth Rate (CAGR) of 9%, says an analyst with research and consulting firm GlobalData.


Ankit Mathur, GlobalData's Project Manager for Alternative Energy, states that the region will spend almost $56 billion on bolstering its distributed CHP installed capacity between 2014 and 2019. This is the second largest investment globally behind Europe, which will boast distributed CHP capital expenditure of around $144 billion between 2014 and the end of the forecast period.

The analyst believes that China's significant contribution has been the major driving force behind the expansion of APAC's distributed CHP installed capacity reaching 37.7 GW by 2013. The country will continue to account for more than 50% of the region's market share, with a forecast net capacity addition of over 14.5 GW between 2014 and 2019.

Mathur says: "Most of China's current CHP projects are coal-based, presenting a fertile opportunity for market growth, as CHP power plants can employ the existing set-up of coal-fired plants. By moving to technologies that burn fuels with lower emissions, such as gas or biomass, the country can gradually reduce its coal consumption.

"Consequently, China will be able to further drive its efforts towards reducing carbon emissions generated from coal-fired power plants."

Mathur adds that considerable efforts taken by China and other APAC countries will allow the region to retain the leading global distributed CHP market share by 2019.

Featured Product

Iron Edison Lithium Iron Battery

Iron Edison Lithium Iron Battery

Iron Edison's Lithium Iron battery is for solar PV energy storage and compatible with 12-volt, 24-volt and 48-volt battery-based inverters. Available in a wide range of residential storage capacities, custom high-voltage models are also available for commercial applications like peak load shaving and UPS. Iron Edison's battery uses Lithium Iron Phosphate cells (LiFePO4), known to be the safest type within the lithium-ion family. Iron Edison's battery includes an integrated Battery Management System and DC disconnect for maximum safety. All components are housed inside a steel enclosure with removable lid.