Market Overview:
The global combined heat and power market is expected to grow from USD XX million in 2018 to USD XX million by 2030, at a CAGR of X.X%. The growth of the market can be attributed to the increasing demand for electricity and rising concerns for environment protection. Based on type, the global combined heat and power market is segmented into large-scale CHP, small-scale CHP, and micro-CHP. The large-scale CHP segment is expected to account for the largest share of the global combined heat and power market in 2018. This can be attributed to its ability to generate high electrical output as compared with other types of CHPs. Based on application, the global combined heat and power market is segmented into residential, commercial, industrial, and others segments. The industrial sector is expected to account for the largest share of the global combined heat and power market in 2018.
Product Definition:
The Combined Heat Power (CHP) process is the simultaneous production of heat and power from a single fuel source. The heat produced by the CHP system can be used to warm a building or district heating system, or to produce hot water. The power produced by the CHP system can be used to generate electricity, or it can be used to run industrial processes.
The importance of Combined Heat Power is that it allows a facility to use a single fuel source to produce both heat and power, which can result in significant cost savings and reduced emissions.
Large Scale CHP:
Large scale CHP (CHP) is the application of heat generated from a fuel-fired boiler in a thermodynamic cycle for producing electricity. The term “large scale” is used to differentiate it from small-scale CHP, which involves use of heat generated by a single energy source such as an oil or gas fired boiler. Large scale CHP systems are generally designed to provide enough thermal energy required for powering multiple electric machines or processes that require high temperature steam.
Small Scale CHP:
Small scale CHP is also known as cogeneration heat power, it is used to generate both electricity and heat energy from a single fuel source. It can be used in residential or commercial buildings for space heating or cooling applications. The system works on the principle of thermodynamic cycle that involves moving hot water through a generator to produce both electricity and heat energy.
Application Insights:
The industrial segment dominated the global market in 2017, accounting for over 60% of the total revenue share. The growing demand for energy as a utility resource to meet increasing operational requirements is expected to drive the growth of this segment in near future.
The residential sector is projected to witness significant growth over the forecast period owing to rising electricity costs and initiatives taken by various governments across regions including North America and Europe for promoting renewable sources of energy including solar power with financial subsidies. Various benefits associated with combined heat and power systems such as improved building insulation resulting in lower heating or cooling loads required from fossil fuel-based combustion engines are anticipated to further propel product demand from 2018 to 2030.
Regional Analysis:
Europe dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to large scale implementation of combined heat and power systems across industries, especially in countries such as Germany, France, Italy and U.K., among others for reducing carbon emissions from fossil fuels used for industrial processes.
Asia Pacific region is anticipated to witness significant growth rate during the forecast period owing to increasing awareness regarding CHP system benefits coupled with rising government initiatives aimed at reducing carbon footprint associated with conventional fossil fuel based energy generation methods used across various industries particularly in India.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Stringent environmental regulations for power generation that promote the use of CHP systems
- Availability of government incentives and subsidies for CHP system installation
- Growing awareness about the benefits of CHP systems among businesses and consumers
- Technological advancements that make CHP systems more efficient and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Combined Heat Power Market Research Report
By Type
Large Scale CHP, Small Scale CHP, Micro Scale CHP
By Application
Residential, Commercial, Industrial
By Companies
Siemens, BOSCH THERMOTECHNIK, GE, E.ON, ABB, G Energy, BDR Thermea Group, Caterpillar, Centrica, CAPSTONE TURBINE CORP., DOOSAN FUEL CELL AMERICA, Edina, Ameresco, Exelon, E3 NV
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Combined Heat Power Market Report Segments:
The global Combined Heat Power market is segmented on the basis of:
Types
Large Scale CHP, Small Scale CHP, Micro Scale CHP
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- BOSCH THERMOTECHNIK
- GE
- E.ON
- ABB
- G Energy
- BDR Thermea Group
- Caterpillar
- Centrica
- CAPSTONE TURBINE CORP.
- DOOSAN FUEL CELL AMERICA
- Edina
- Ameresco
- Exelon
- E3 NV
Highlights of The Combined Heat Power Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Large Scale CHP
- Small Scale CHP
- Micro Scale CHP
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Combined Heat Power Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Combined Heat Power is the total amount of heat that can be produced by burning fuel in a combustion engine or boiler.
Some of the major players in the combined heat power market are Siemens, BOSCH THERMOTECHNIK, GE, E.ON, ABB, G Energy, BDR Thermea Group, Caterpillar, Centrica, CAPSTONE TURBINE CORP., DOOSAN FUEL CELL AMERICA, Edina, Ameresco, Exelon, E3 NV.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Combined Heat Power Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Combined Heat Power Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Combined Heat Power Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Combined Heat Power Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Combined Heat Power Market Size & Forecast, 2020-2028
4.5.1 Combined Heat Power Market Size and Y-o-Y Growth
4.5.2 Combined Heat Power Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Large Scale CHP
5.2.2 Small Scale CHP
5.2.3 Micro Scale CHP
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Combined Heat Power Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Combined Heat Power Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Large Scale CHP
9.6.2 Small Scale CHP
9.6.3 Micro Scale CHP
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Large Scale CHP
10.6.2 Small Scale CHP
10.6.3 Micro Scale CHP
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Large Scale CHP
11.6.2 Small Scale CHP
11.6.3 Micro Scale CHP
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Large Scale CHP
12.6.2 Small Scale CHP
12.6.3 Micro Scale CHP
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Large Scale CHP
13.6.2 Small Scale CHP
13.6.3 Micro Scale CHP
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Combined Heat Power Market: Competitive Dashboard
14.2 Global Combined Heat Power Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 BOSCH THERMOTECHNIK
14.3.3 GE
14.3.4 E.ON
14.3.5 ABB
14.3.6 G Energy
14.3.7 BDR Thermea Group
14.3.8 Caterpillar
14.3.9 Centrica
14.3.10 CAPSTONE TURBINE CORP.
14.3.11 DOOSAN FUEL CELL AMERICA
14.3.12 Edina
14.3.13 Ameresco
14.3.14 Exelon
14.3.15 E3 NV
