Market Size of Brazil Combined Heat and Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Combined Heat & Power Market Analysis
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.
- Biomass-based CHP is expected to witness the fastest growth during the forecast period.
- Increasing investment in the development of small-sized manufacturing units in the region has augmented the business opportunity. Flourishing sugar industries in the country is likely to positively stimulate the product growth. This, in turn, is expected to create significant opportunities for the CHP system providers and plant developers in the near future.
