Brazil Combined Heat & Power Market Size
| 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 |
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.
Brazil Combined Heat & Power Market Trends
This section covers the major market trends shaping the Brazil Combined Heat & Power Market according to our research experts:
Biomass Based CHP is Expected to Drive the Market
- Brazil is a major consumer and has one of the world's greatest biomass potentials. As an energy source, biomass is an alternative to fossil fuels since the use of biomass is the result of a combination of factors, including the availability of cheap biomass resources and cheap labor, rapid industrialization and urbanization, and historical experience with large scale industrial applications of biomass energy.
- Combined Heat and Power (CHP) or cogeneration, which is the generation of electricity or mechanical power provides a number of potential benefits for Brazil in terms of increased energy efficiency, lower greenhouse gas and other emissions, economic competitiveness, and energy resiliency.
- Statistics given by the International Energy Agency depicts that coal-fired power generating plants operate at only 36% efficiency, whereas, CHP plants run at almost 58% efficiency. The estimation clearly projects a favorable CHP market outlook in the coming time.
- Brazil's CHP industry is found in industrial applications, providing power and steam especially to industries such as wood, pulp, chemicals and paper. Biomass-fueled CHP is expected to provide 17% of the country's overall electricity requirement by 2030.
- CHP is a commercially available clean energy solution that directly supports increasing energy efficiency, reducing emissions, enhancing energy infrastructure, improving energy security and growing the economy.
Growing Federal and State Policymaker Support to Drive the Market
- Policymakers at the federal and state level are increasingly recognizing the benefits that CHP offers in terms of energy efficiency, reduced emissions, and economic growth.
- Use of renewables as fuel type for combined heat and power system encourage to reduce the rate of emissions into the environment. The renewable generation in Brazil has reached 52.9 TWh in 2018.
- Some of the benefits of CHP that most resonate among the policymakers include:
- CHP's inherent higher efficiency and elimination of transmission and distribution losses from the central station generator results in reduced primary energy use and lower greenhouse gas (GHG) emissions.
- CHP provides not only operating savings for the user but may also represent a cost-effective supply of new power generation capacity for regions with declining reserve margins.
Brazil Combined Heat & Power Industry Overview
Brazil 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.
Brazil Combined Heat & Power Market Leaders
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CHP Brasil
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MITSUBISHI HEAVY INDUSTRIES, LTD.
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General Electric Company
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Caterpillar Inc.
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Cummins Inc.
*Disclaimer: Major Players sorted in no particular order
Brazil Combined Heat & Power Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Scope of the Study
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1.2 Market Definition
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1.3 Study Assumptions
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
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4.1 Introduction
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4.2 Market Size and Demand Forecast in USD billion, till 2025
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4.3 Recent Trends and Developments
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4.4 Government Policies and Regulations
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4.5 Market Dynamics
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4.5.1 Drivers
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4.5.2 Restraints
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4.6 Supply Chain Analysis
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4.7 PESTLE Analysis
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5. MARKET SEGMENTATION
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5.1 Applicaton
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5.1.1 Residential
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5.1.2 Commercial
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5.1.3 Industrial and Utility
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5.2 Fuel Type
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5.2.1 Natural Gas
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5.2.2 Biomass
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5.2.3 Coal
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5.2.4 Other Fuel Types
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
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6.3.1 CHP Brasil
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6.3.2 General Electric Company
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6.3.3 MITSUBISHI HEAVY INDUSTRIES LTD.
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6.3.4 Caterpillar Inc.
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6.3.5 Cummins Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Brazil Combined Heat & Power Industry Segmentation
Brazil combined heat and power market report include:
| Applicaton | |
| Residential | |
| Commercial | |
| Industrial and Utility |
| Fuel Type | |
| Natural Gas | |
| Biomass | |
| Coal | |
| Other Fuel Types |
Brazil Combined Heat & Power Market Research FAQs
What is the current Brazil Combined Heat and Power Market size?
The Brazil Combined Heat and Power Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Brazil Combined Heat and Power Market?
CHP Brasil , MITSUBISHI HEAVY INDUSTRIES, LTD. , General Electric Company , Caterpillar Inc. and Cummins Inc. are the major companies operating in the Brazil Combined Heat and Power Market.
What years does this Brazil Combined Heat and Power Market cover?
The report covers the Brazil Combined Heat and Power Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Combined Heat and Power Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Brazil Combined Heat and Power Industry Report
Statistics for the 2024 Brazil Combined Heat and Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Combined Heat and Power analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
