The energy scenario is changing throughout the world and governments, globally, are making an attempt to make cost-effective use of existing resources along with, enabling the emergence of a low carbon economy. The global micro CHP market is projected to reach USD 4.44 Billion by 2020, and is expected to grow at a CAGR of 14.2% from 2015 to 2020. The major factors driving the micro CHP market include the need for low carbon emission technologies, easy installation, and cost-effective performance over other low carbon emission technologies, and reducing electricity expenses along with being an ideal product for boiler replacement. The demand is mainly driven in the Asia-Pacific region, owing to energy demand and the depletion of conventional sources of energy.
The use of carbon fiber is expected to grow at a fast rate as the trend for larger blade sizes takes a firm hold in the global market. The wind turbine rotor blade market is projected to grow at a CAGR of 9.2% from 2014 to 2019. In 2014, the market was dominated by Asia-Pacific, which had more than 54% of the total installed blades in the world. The region is projected to remain the most attractive market through to 2019, even as South America along with the Middle East and Africa are set to witness promising growth rates.