The US Combined Heat and Power Systems Market to be swayed by need to safeguard Environment

The government of the US is into various initiatives and programs to propagate the use of combined heat and power (CHP) systems. The country, way back in the year 2012, did pass a new-fangled policy to promote combined heat and power systems to render energy efficiency. The then President had inked an executive order ensuring energy efficiency in the industries.

Tax rebates have been announced by the government for CHP installations. This order does direct the EPA (Environmental Protection Agency) and the US departments of energy, commerce, and agriculture for co-ordinating actions to provide technical and commercial assistance to the states to promote investments in the industrial energy efficiency. The US Congress, February 2018, passed a bill for extending 10% tax incentive for the industries to implement CHP in the facilities to promulgate energy efficiency.

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At the same time, the fact that initial installation costs of combined heat and power systems are high can’t be ignored. Persistence Market Research has walked through these facts with probable calls to action in its latest market study entitled “US Combined Heat and Power Systems Market”. The complexities have been dealt through top-down approach.

How is the US Combined Heat and Power Systems Market segregated?

The US Combined Heat and Power Systems Market, by facility size, spans less than 100 sq. ft., 100-999 sq. ft., 1,000-1,999 sq. ft., 2,000-20,000 sq. ft., > 20,000 sq. ft. BY end-use, it says commercial, industrial, and healthcare. Application-wise, it’s telecom, ISP, server farms, corporate data center, universities/laboratories, and likewise.

By type of installation, it’s newly installed systems and retrofit systems. Persistence Market Research has entailed these facts with future perspectives in its latest market study entitled “US Combined Heat and Power Systems Market”.

Competitive Landscape

Persistence Market Research has enlisted the key participants in the US Combined Heat and Power Systems Market as General Electric Company, Caterpillar Inc., Clarke Energy Ltd., Yanmar America Corporation, Kinsley Group, Dresser-Rand Group, Inc., Burns & McDonnel Inc., Veolia Energy North America, LLC, Unison Energy, LLC, IEM Power Systems, Inc., Dynamic Energy Solutions LLC, and likewise.

These players are engaged in various modes of expansion for strengthening their presence all across the US combined heat and power systems market. They include acquisitions, mergers, partnerships, joint ventures, and new product launch.

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The Way Forward

US Combined Heat and Power Systems Market is likely to grow assiduously in the next 10 years – Persistence Market Research