Brazil Combined Heat and Power Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The combined heat and power market in Brazil is expected to grow at a CAGR of more than 2% during the forecast period 2020-2025. The factors such as increasing demand for energy efficiency in industries, lowering energy costs, reducing strain on the electric grid, reducing greenhouse gas (GHG) and other harmful emissions are driving the CHP market in Brazil. Although many efforts have been made over the years to remove technical and regulatory barriers, and to promote wider adoption of CHP, factors, such as grid interconnection, significant initial capital investment, remain a significant challenge for the CHP market.
Key HighlightsBrazil combined heat and power market is moderately consolidated. Some of the key players in this market include CHP Brasil, MITSUBISHI HEAVY INDUSTRIES, LTD., General Electric Company, Caterpillar Inc. and Cummins Inc.
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