Australia Combined Heat and Power (CHP) Market Growth Analysis - Market Size, Share, Forecast Trends and Outlook Report (2025-2034)
Description
Australia Combined Heat and Power (CHP) Market Trends
The growth of the Australia combined heat and power (CHP) market is driven by the significant benefits these systems offer, such as improved energy efficiency through simultaneous power and heat generation. CHP systems help lower energy bills and carbon emissions, ensuring reliable power and reducing dependence on centralised plants, promoting decentralised energy generation. GE Vernova collaborated with EnergyAustralia to create the nation’s first hydrogen-blend power plant at Tallawarra B Power Station in New South Wales. The plant will initially operate on natural gas, with plans to integrate hydrogen to lower CO2 emissions, supporting Australia’s transition to cleaner energy.
The Australia combined heat and power (CHP) market is further impacted as these systems bolster energy security by producing power on-site, mitigating grid outage risks, and reducing transmission losses. Additionally, CHP systems aid the integration of renewable energy sources, like biomass, contributing to sustainability goals. Government incentives and scalability ensure that CHP technology can be adapted for various applications, from small businesses to large industrial operations.
Australia Combined Heat and Power (CHP) Market Growth
The Australia combined heat and power (CHP) market development is supported by the fuel flexibility of CHP units, which can operate on natural gas, biomass, or waste. This market expansion drives economic growth by creating jobs in manufacturing, installation, and maintenance. Heat recovery in industrial settings helps reduce heating costs, while increased local energy production lessens reliance on energy imports and fosters innovation. Capstone Turbine Corporation reported that its Australian distributor, Optimal Group, sold two more C600 Signature Series microturbines, raising the installed base to 40.1 MW. Capstone’s CHP business grew from 40% to 54% of total revenue, meeting Australia’s clean energy needs.
The demand for the Australia combined heat and power (CHP) market is growing as they aid in stabilising the electricity grid through distributed energy generation. By reducing dependence on fossil fuels, these systems promote environmental sustainability and enhance energy efficiency. Businesses benefit from lower energy costs, boosting their competitiveness. Additionally, CHP systems lower operational costs and contribute to more resilient energy infrastructure, reducing vulnerability to supply disruptions.
Australia Combined Heat and Power (CHP) Market Insights
November 2024
FPR Energy, a new concentrated solar thermal company spun out of Australia’s CSIRO, launched after raising USD 15 million in venture capital, marking the largest seed funding for a CSIRO co-founded venture. The company’s technology uses heliostats to heat ceramic particles, storing energy for on-demand industrial heat and continuous electricity generation.
October 2023
A report commissioned by the Australian Solar Thermal Research Institute (ASTRI) highlighted that Concentrating Solar Thermal (CST) technology can reduce green fuel production costs by up to 40%. The study assessed CST’s value in areas like grid power, remote mining, industrial heat, and green fuel production, demonstrating its cost-effectiveness.
Australia Combined Heat and Power (CHP) Market Drivers
Increased Integration of Renewable Energy Sources
Australia's focus on renewable energy has influenced the Australia combined heat and power (CHP) market dynamics and trends, driving the integration of CHP systems with renewable fuels such as biomass, biogas, and waste. This integration helps businesses lower their carbon footprint while maintaining energy efficiency. Supported by government policies, this trend contributes to sustainability goals and enhances energy security. As Australia’s renewable energy sector expands, the role of CHP systems in utilising these fuels will increase. In 2022, renewable energy sources, including solar at 14%, accounted for 32% of Australia's total electricity production, according to the Department of Climate Change, Energy, the Environment, and Water.
Technological Advancements in CHP Systems
The growth of the Australia combined heat and power (CHP) market is driven by technological advancements that enhance the efficiency, performance, and scalability of CHP systems. Innovations in combustion, heat recovery, and control systems have resulted in more reliable, cost-effective solutions. The integration of digital technologies allows better management of these systems, making them viable for a wider range of industries. In April 2024, Vast Renewables secured engineering contracts for its 30MW/288MWh concentrated solar thermal (CSP) VS1 project in South Australia, which will generate clean, dispatchable power, create green jobs, and contribute to sustainable fuel production.
Opportunities in the Australia Combined Heat and Power (CHP) Market
Government policies and incentives play a significant trend in the Australia combined heat and power (CHP) market. The Australian government offers various financial incentives, such as grants, tax rebates, and subsidies, to encourage businesses to adopt energy-efficient technologies, including CHP systems. These policies are designed to reduce carbon emissions, enhance energy security, and support the transition towards a sustainable energy future. As part of its commitment to international climate targets, Australia has introduced stricter energy efficiency standards, further driving investment in CHP technologies. The government’s initiatives, such as the "Clean Energy Initiative" and the "Powering Australia" plan, promote renewable energy, energy efficiency, and emission reduction, with additional funding through the Capacity Investment Scheme (CIS) to support new CHP projects.
Market Restraints
The Australia combined heat and power (CHP) market faces several restraints. High initial capital investment is a major barrier for small and medium-sized businesses, as the upfront costs can be prohibitive. Regulatory challenges, such as strict emissions standards and compliance requirements, further complicate the adoption process.
Limited awareness of CHP systems' benefits and functionality, along with competition from alternative energy solutions like solar and wind power, also hinder growth. Additionally, maintenance and operational costs, including servicing, repairs, and technical expertise requirements, can deter businesses from investing in CHP systems. These factors collectively slow the market's expansion and adoption across various sectors.
“Australia Combined Heat and Power (CHP) Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Analysis by Fuel Type
According to the Australia combined heat and power (CHP) market analysis, natural gas plays a key role in Australia’s CHP systems, providing a cleaner and more efficient energy source. Its reliable power generation with lower carbon emissions supports both industrial heat and electricity needs while aiding Australia’s sustainability goals. In 2022–23, natural gas production reached 6,200 petajoules, 2.5 times higher than a decade ago, as reported by the Department of Climate Change, Energy, the Environment, and Water.
Coal continues to be a widely used energy source for the Australia combined heat and power (CHP) market, offering dependable power generation and lower initial costs compared to some alternatives. Despite its higher carbon emissions, coal’s established infrastructure and relatively low fuel costs make it a viable choice for some industries. In 2022–23, black coal production reached 10,784 petajoules (401 million tonnes), making it Australia’s largest energy contributor, according to the Department of Climate Change, Energy, the Environment, and Water.
Biogas and biomass are renewable energy sources driving growth of the Australia combined heat and power (CHP) market by promoting sustainable energy transitions. These sources reduce waste by converting organic material into energy, resulting in lower carbon emissions. They offer adaptable, renewable heat and power solutions across industries. In 2022–23, biogas from landfills and other sources contributed 18 petajoules, mostly used for electricity generation, according to the Department of Climate Change, Energy, the Environment, and Water.
Nuclear energy provides a stable and efficient solution to combined heat and power (CHP), offering reliable, low-emission power and heat. With high energy output and low operational costs, nuclear supports the country’s energy security and carbon reduction targets, despite challenges with regulation and waste management. Australia is home to the world’s largest uranium reserves and was the third-largest exporter of uranium in 2021, as per the Department of Industry, Science, and Resources.
Diesel is a dependable fuel source for the Australia combined heat and power (CHP) market development, especially in remote or off-grid areas in Australia. It delivers flexible, high-density power generation, although its high carbon emissions and dependence on imported fuel reduce its long-term sustainability. In 2022–23, diesel use in road transport increased by 3%, according to the Department of Climate Change, Energy, the Environment, and Water.
Market Analysis by Capacity
According to the Australia combined heat and power (CHP) market report, systems up to 10 MW are well-suited for small to medium-sized businesses and industrial applications. These systems offer affordable energy solutions that reduce carbon emissions, enabling companies to lower energy expenses, improve energy efficiency, and support sustainability objectives.
The demand for the Australia combined heat and power (CHP) market is driven by CHP systems in the 11-150 MW range, which cater to medium and large industrial plants. These systems deliver significant energy savings and a sustainable energy supply, offering scalable solutions that efficiently generate both power and heat, enhancing operational reliability and energy security.
Opportunities in the Australia combined heat and power (CHP) market are growing as CHP systems in the 151-300 MW range provide robust energy solutions with high capacity. These systems meet the high energy demands of large-scale industries, significantly reducing energy costs and carbon emissions while boosting energy security and improving operational reliability.
Growth of the Australia combined heat and power (CHP) market is fuelled by systems above 300 MW, designed for large industrial plants or utility-scale applications. These high-capacity systems ensure highly efficient energy production, optimising fuel use, reducing emissions, and cutting energy costs, all while supporting Australia's sustainability goals and bolstering energy security for critical sectors.
Market Analysis by End User
The growth of the Australia combined heat and power (CHP) market is driven by residential CHP systems, which offer efficient, cost-effective energy solutions for households. These systems generate both heat and electricity on-site, cutting energy costs and reducing carbon emissions. They also enhance energy security and contribute to sustainability by reducing grid reliance. In January 2024, new residential construction value in Australia rose by 19.4%, reaching USD 7.14 billion.
The demand for the Australia combined heat and power (CHP) market is growing in the commercial sector, driven by substantial energy cost savings from the simultaneous generation of heat and power. Businesses benefit from reliable, cost-effective energy, lower emissions, and improved operational efficiency. These systems support sustainability goals and energy security. In January 2024, non-residential building values in Australia reached USD 4.92 billion, as reported by the Australian Bureau of Statistics.
Industrial sectors in the Australia combined heat and power (CHP) market experience major energy savings and improved operational efficiency with CHP systems. These systems enable industries with high energy demands to generate heat and power on-site, reducing reliance on the grid and increasing energy security. This shift supports more sustainable operations. According to the ABS, earnings in selected industries grew by USD 93.4 billion (12.9%), with the mining sector seeing the largest earnings increase of USD 52.0 billion (23.4%).
Australia Combined Heat and Power (CHP) Market Regional Insights
New South Wales Combined Heat and Power (CHP) Market Overview
According to the Australia combined heat and power (CHP) industry analysis, New South Wales CHP market thrives due to high industrial energy demand and government incentives for energy efficiency. CHP systems provide cost savings, improve energy security, and contribute to sustainability and emission reduction goals. According to the NSW Government, renewable energy accounts for approximately 53% of the state’s total capacity.
Queensland Combined Heat and Power (CHP) Market Trends
In Queensland, CHP systems are becoming more popular due to increasing energy costs and a focus on carbon emission reduction. These systems offer enhanced energy efficiency, lower operational costs, and greater reliability, particularly in industrial and large commercial sectors. The Queensland Energy and Jobs Plan targets 70% renewable energy by 2032 and 80% by 2050 .
Western Australia Combined Heat and Power (CHP) Market Dynamics
Western Australia’s CHP market benefits from its focus on remote energy solutions, reducing grid dependency and providing efficient on-site energy generation. CHP systems help industries lower energy costs, reduce emissions, and improve energy security in this isolated region. The Clean Energy Council reports Western Australia aims for an 80% emissions reduction by 2030 and plans to invest USD 3.8 billion in green energy infrastructure.
Competitive Landscape
The Australia combined heat and power (CHP) market key players provide innovative solutions across various industries, including commercial, industrial, and residential sectors. These companies help businesses optimise energy use, reduce operational costs, and achieve sustainability goals. Focusing on high-performance systems, they offer comprehensive services, including design, installation, maintenance, and energy management. Their commitment to environmental responsibility and advanced technology positions them as crucial contributors to Australia's shift towards a cleaner, more sustainable energy future.
Key Industry Players
The Evo Group: Headquartered in Sydney, Australia, The Evo Group is a leading provider of energy-efficient and sustainable solutions in the industrial sector. Established in 2010, the company specialises in Combined Heat and Power (CHP) systems, helping businesses optimise energy usage and reduce carbon emissions. The Evo Group focuses on innovative green technologies.
Simons Boilers Co.: Founded in 1932, Simons Boilers Co. is an Australian manufacturer and supplier of steam and hot water boilers. Headquartered in Melbourne, the company provides high-quality, energy-efficient heating solutions to industrial and commercial sectors. Simons Boilers is renowned for its commitment to sustainability and reducing energy consumption.
INOPLEX: INOPLEX, headquartered in Melbourne, Australia, was established in 2003. The company specialises in providing high-performance polymer solutions for various industries, including energy, construction, and manufacturing. INOPLEX is known for its innovative materials and commitment to sustainable practices, supporting clients in reducing their environmental impact through advanced products.
Veolia Holdings (Australia) Pty Ltd.: Veolia Holdings (Australia) Pty Ltd., established in 2004, is a subsidiary of Veolia, a global leader in environmental services. Based in Sydney, the company provides integrated environmental solutions, focusing on water, waste, and energy management. Veolia supports Australia's transition to a more sustainable future through innovative services and technologies.
Other key players in the Australia Combined Heat and Power (CHP) market report are Aggreko Ltd., Eneraque Pty Ltd., and Optimal Group Australia, among others.
Recent Developments
October 2024
Mars Petcare partnered with ARENA to implement concentrated solar thermal (CST) collectors at its Wodonga factory, using renewable heat and thermal energy storage. This project, aided by ASTRI, will replace gas and help achieve net-zero emissions for process heat and electricity, marking a significant step in industrial decarbonisation in Australia.
April 2022
As part of its Ambition Zero Carbon strategy, the company achieved 100% renewable power supply across all global sites, five years ahead of its RE100 commitments. It also switched to electric vehicles (EV100) and enhanced energy productivity (EP100). Work continues to identify renewable fuels for CHP by 2025.
The growth of the Australia combined heat and power (CHP) market is driven by the significant benefits these systems offer, such as improved energy efficiency through simultaneous power and heat generation. CHP systems help lower energy bills and carbon emissions, ensuring reliable power and reducing dependence on centralised plants, promoting decentralised energy generation. GE Vernova collaborated with EnergyAustralia to create the nation’s first hydrogen-blend power plant at Tallawarra B Power Station in New South Wales. The plant will initially operate on natural gas, with plans to integrate hydrogen to lower CO2 emissions, supporting Australia’s transition to cleaner energy.
The Australia combined heat and power (CHP) market is further impacted as these systems bolster energy security by producing power on-site, mitigating grid outage risks, and reducing transmission losses. Additionally, CHP systems aid the integration of renewable energy sources, like biomass, contributing to sustainability goals. Government incentives and scalability ensure that CHP technology can be adapted for various applications, from small businesses to large industrial operations.
Australia Combined Heat and Power (CHP) Market Growth
The Australia combined heat and power (CHP) market development is supported by the fuel flexibility of CHP units, which can operate on natural gas, biomass, or waste. This market expansion drives economic growth by creating jobs in manufacturing, installation, and maintenance. Heat recovery in industrial settings helps reduce heating costs, while increased local energy production lessens reliance on energy imports and fosters innovation. Capstone Turbine Corporation reported that its Australian distributor, Optimal Group, sold two more C600 Signature Series microturbines, raising the installed base to 40.1 MW. Capstone’s CHP business grew from 40% to 54% of total revenue, meeting Australia’s clean energy needs.
The demand for the Australia combined heat and power (CHP) market is growing as they aid in stabilising the electricity grid through distributed energy generation. By reducing dependence on fossil fuels, these systems promote environmental sustainability and enhance energy efficiency. Businesses benefit from lower energy costs, boosting their competitiveness. Additionally, CHP systems lower operational costs and contribute to more resilient energy infrastructure, reducing vulnerability to supply disruptions.
Australia Combined Heat and Power (CHP) Market Insights
- The Australian combined heat and power (CHP) market benefits from the growing renewable energy sector, with renewable sources contributing nearly 40% of Australia’s electricity supply in 2023, as per Clean Energy Council. This increase, driven by 5.9GW of new capacity, supports sustainable energy solutions in CHP systems.
- According to Industry reports, Australia's abundant solar resources, with an average annual solar radiation of 58 million petajoules (approximately 10,000 times the country's energy consumption), provide significant potential for solar-powered CHP systems. This renewable source contributes to reducing emissions and boosting energy efficiency, supporting the country's clean energy transition.
- The rise in multi-unit residential developments in Western Australia, with over 3,190 units started in the first quarter of 2024, according to the Western Australia Department of Planning, increases demand for CHP systems. These developments benefit from energy-efficient heating and power generation, supporting sustainability goals for residential sectors.
November 2024
FPR Energy, a new concentrated solar thermal company spun out of Australia’s CSIRO, launched after raising USD 15 million in venture capital, marking the largest seed funding for a CSIRO co-founded venture. The company’s technology uses heliostats to heat ceramic particles, storing energy for on-demand industrial heat and continuous electricity generation.
October 2023
A report commissioned by the Australian Solar Thermal Research Institute (ASTRI) highlighted that Concentrating Solar Thermal (CST) technology can reduce green fuel production costs by up to 40%. The study assessed CST’s value in areas like grid power, remote mining, industrial heat, and green fuel production, demonstrating its cost-effectiveness.
Australia Combined Heat and Power (CHP) Market Drivers
Increased Integration of Renewable Energy Sources
Australia's focus on renewable energy has influenced the Australia combined heat and power (CHP) market dynamics and trends, driving the integration of CHP systems with renewable fuels such as biomass, biogas, and waste. This integration helps businesses lower their carbon footprint while maintaining energy efficiency. Supported by government policies, this trend contributes to sustainability goals and enhances energy security. As Australia’s renewable energy sector expands, the role of CHP systems in utilising these fuels will increase. In 2022, renewable energy sources, including solar at 14%, accounted for 32% of Australia's total electricity production, according to the Department of Climate Change, Energy, the Environment, and Water.
Technological Advancements in CHP Systems
The growth of the Australia combined heat and power (CHP) market is driven by technological advancements that enhance the efficiency, performance, and scalability of CHP systems. Innovations in combustion, heat recovery, and control systems have resulted in more reliable, cost-effective solutions. The integration of digital technologies allows better management of these systems, making them viable for a wider range of industries. In April 2024, Vast Renewables secured engineering contracts for its 30MW/288MWh concentrated solar thermal (CSP) VS1 project in South Australia, which will generate clean, dispatchable power, create green jobs, and contribute to sustainable fuel production.
Opportunities in the Australia Combined Heat and Power (CHP) Market
Government policies and incentives play a significant trend in the Australia combined heat and power (CHP) market. The Australian government offers various financial incentives, such as grants, tax rebates, and subsidies, to encourage businesses to adopt energy-efficient technologies, including CHP systems. These policies are designed to reduce carbon emissions, enhance energy security, and support the transition towards a sustainable energy future. As part of its commitment to international climate targets, Australia has introduced stricter energy efficiency standards, further driving investment in CHP technologies. The government’s initiatives, such as the "Clean Energy Initiative" and the "Powering Australia" plan, promote renewable energy, energy efficiency, and emission reduction, with additional funding through the Capacity Investment Scheme (CIS) to support new CHP projects.
Market Restraints
The Australia combined heat and power (CHP) market faces several restraints. High initial capital investment is a major barrier for small and medium-sized businesses, as the upfront costs can be prohibitive. Regulatory challenges, such as strict emissions standards and compliance requirements, further complicate the adoption process.
Limited awareness of CHP systems' benefits and functionality, along with competition from alternative energy solutions like solar and wind power, also hinder growth. Additionally, maintenance and operational costs, including servicing, repairs, and technical expertise requirements, can deter businesses from investing in CHP systems. These factors collectively slow the market's expansion and adoption across various sectors.
“Australia Combined Heat and Power (CHP) Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Gas Turbine
- Steam Turbine
- Reciprocating Engine
- Fuel Cell
- Microturbine
- Others
- Natural Gas
- Coal
- Biogas/Biomass
- Nuclear
- Diesel
- Up to 10 MW
- 11-150 MW
- 151-300 MW
- Above 300 MW
- Residential
- Commercial
- Industrial
- Others
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
Market Analysis by Fuel Type
According to the Australia combined heat and power (CHP) market analysis, natural gas plays a key role in Australia’s CHP systems, providing a cleaner and more efficient energy source. Its reliable power generation with lower carbon emissions supports both industrial heat and electricity needs while aiding Australia’s sustainability goals. In 2022–23, natural gas production reached 6,200 petajoules, 2.5 times higher than a decade ago, as reported by the Department of Climate Change, Energy, the Environment, and Water.
Coal continues to be a widely used energy source for the Australia combined heat and power (CHP) market, offering dependable power generation and lower initial costs compared to some alternatives. Despite its higher carbon emissions, coal’s established infrastructure and relatively low fuel costs make it a viable choice for some industries. In 2022–23, black coal production reached 10,784 petajoules (401 million tonnes), making it Australia’s largest energy contributor, according to the Department of Climate Change, Energy, the Environment, and Water.
Biogas and biomass are renewable energy sources driving growth of the Australia combined heat and power (CHP) market by promoting sustainable energy transitions. These sources reduce waste by converting organic material into energy, resulting in lower carbon emissions. They offer adaptable, renewable heat and power solutions across industries. In 2022–23, biogas from landfills and other sources contributed 18 petajoules, mostly used for electricity generation, according to the Department of Climate Change, Energy, the Environment, and Water.
Nuclear energy provides a stable and efficient solution to combined heat and power (CHP), offering reliable, low-emission power and heat. With high energy output and low operational costs, nuclear supports the country’s energy security and carbon reduction targets, despite challenges with regulation and waste management. Australia is home to the world’s largest uranium reserves and was the third-largest exporter of uranium in 2021, as per the Department of Industry, Science, and Resources.
Diesel is a dependable fuel source for the Australia combined heat and power (CHP) market development, especially in remote or off-grid areas in Australia. It delivers flexible, high-density power generation, although its high carbon emissions and dependence on imported fuel reduce its long-term sustainability. In 2022–23, diesel use in road transport increased by 3%, according to the Department of Climate Change, Energy, the Environment, and Water.
Market Analysis by Capacity
According to the Australia combined heat and power (CHP) market report, systems up to 10 MW are well-suited for small to medium-sized businesses and industrial applications. These systems offer affordable energy solutions that reduce carbon emissions, enabling companies to lower energy expenses, improve energy efficiency, and support sustainability objectives.
The demand for the Australia combined heat and power (CHP) market is driven by CHP systems in the 11-150 MW range, which cater to medium and large industrial plants. These systems deliver significant energy savings and a sustainable energy supply, offering scalable solutions that efficiently generate both power and heat, enhancing operational reliability and energy security.
Opportunities in the Australia combined heat and power (CHP) market are growing as CHP systems in the 151-300 MW range provide robust energy solutions with high capacity. These systems meet the high energy demands of large-scale industries, significantly reducing energy costs and carbon emissions while boosting energy security and improving operational reliability.
Growth of the Australia combined heat and power (CHP) market is fuelled by systems above 300 MW, designed for large industrial plants or utility-scale applications. These high-capacity systems ensure highly efficient energy production, optimising fuel use, reducing emissions, and cutting energy costs, all while supporting Australia's sustainability goals and bolstering energy security for critical sectors.
Market Analysis by End User
The growth of the Australia combined heat and power (CHP) market is driven by residential CHP systems, which offer efficient, cost-effective energy solutions for households. These systems generate both heat and electricity on-site, cutting energy costs and reducing carbon emissions. They also enhance energy security and contribute to sustainability by reducing grid reliance. In January 2024, new residential construction value in Australia rose by 19.4%, reaching USD 7.14 billion.
The demand for the Australia combined heat and power (CHP) market is growing in the commercial sector, driven by substantial energy cost savings from the simultaneous generation of heat and power. Businesses benefit from reliable, cost-effective energy, lower emissions, and improved operational efficiency. These systems support sustainability goals and energy security. In January 2024, non-residential building values in Australia reached USD 4.92 billion, as reported by the Australian Bureau of Statistics.
Industrial sectors in the Australia combined heat and power (CHP) market experience major energy savings and improved operational efficiency with CHP systems. These systems enable industries with high energy demands to generate heat and power on-site, reducing reliance on the grid and increasing energy security. This shift supports more sustainable operations. According to the ABS, earnings in selected industries grew by USD 93.4 billion (12.9%), with the mining sector seeing the largest earnings increase of USD 52.0 billion (23.4%).
Australia Combined Heat and Power (CHP) Market Regional Insights
New South Wales Combined Heat and Power (CHP) Market Overview
According to the Australia combined heat and power (CHP) industry analysis, New South Wales CHP market thrives due to high industrial energy demand and government incentives for energy efficiency. CHP systems provide cost savings, improve energy security, and contribute to sustainability and emission reduction goals. According to the NSW Government, renewable energy accounts for approximately 53% of the state’s total capacity.
Queensland Combined Heat and Power (CHP) Market Trends
In Queensland, CHP systems are becoming more popular due to increasing energy costs and a focus on carbon emission reduction. These systems offer enhanced energy efficiency, lower operational costs, and greater reliability, particularly in industrial and large commercial sectors. The Queensland Energy and Jobs Plan targets 70% renewable energy by 2032 and 80% by 2050 .
Western Australia Combined Heat and Power (CHP) Market Dynamics
Western Australia’s CHP market benefits from its focus on remote energy solutions, reducing grid dependency and providing efficient on-site energy generation. CHP systems help industries lower energy costs, reduce emissions, and improve energy security in this isolated region. The Clean Energy Council reports Western Australia aims for an 80% emissions reduction by 2030 and plans to invest USD 3.8 billion in green energy infrastructure.
Competitive Landscape
The Australia combined heat and power (CHP) market key players provide innovative solutions across various industries, including commercial, industrial, and residential sectors. These companies help businesses optimise energy use, reduce operational costs, and achieve sustainability goals. Focusing on high-performance systems, they offer comprehensive services, including design, installation, maintenance, and energy management. Their commitment to environmental responsibility and advanced technology positions them as crucial contributors to Australia's shift towards a cleaner, more sustainable energy future.
Key Industry Players
The Evo Group: Headquartered in Sydney, Australia, The Evo Group is a leading provider of energy-efficient and sustainable solutions in the industrial sector. Established in 2010, the company specialises in Combined Heat and Power (CHP) systems, helping businesses optimise energy usage and reduce carbon emissions. The Evo Group focuses on innovative green technologies.
Simons Boilers Co.: Founded in 1932, Simons Boilers Co. is an Australian manufacturer and supplier of steam and hot water boilers. Headquartered in Melbourne, the company provides high-quality, energy-efficient heating solutions to industrial and commercial sectors. Simons Boilers is renowned for its commitment to sustainability and reducing energy consumption.
INOPLEX: INOPLEX, headquartered in Melbourne, Australia, was established in 2003. The company specialises in providing high-performance polymer solutions for various industries, including energy, construction, and manufacturing. INOPLEX is known for its innovative materials and commitment to sustainable practices, supporting clients in reducing their environmental impact through advanced products.
Veolia Holdings (Australia) Pty Ltd.: Veolia Holdings (Australia) Pty Ltd., established in 2004, is a subsidiary of Veolia, a global leader in environmental services. Based in Sydney, the company provides integrated environmental solutions, focusing on water, waste, and energy management. Veolia supports Australia's transition to a more sustainable future through innovative services and technologies.
Other key players in the Australia Combined Heat and Power (CHP) market report are Aggreko Ltd., Eneraque Pty Ltd., and Optimal Group Australia, among others.
Recent Developments
October 2024
Mars Petcare partnered with ARENA to implement concentrated solar thermal (CST) collectors at its Wodonga factory, using renewable heat and thermal energy storage. This project, aided by ASTRI, will replace gas and help achieve net-zero emissions for process heat and electricity, marking a significant step in industrial decarbonisation in Australia.
April 2022
As part of its Ambition Zero Carbon strategy, the company achieved 100% renewable power supply across all global sites, five years ahead of its RE100 commitments. It also switched to electric vehicles (EV100) and enhanced energy productivity (EP100). Work continues to identify renewable fuels for CHP by 2025.
Table of Contents
107 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 7 Opportunities and Challenges in the Market
- 8 Asia Pacific Combined Heat and Power Market Overview
- 8.1 Key Industry Highlights
- 8.2 Asia Pacific Combined Heat and Power Historical Market (2018-2024)
- 8.3 Asia Pacific Combined Heat and Power Market Forecast (2025-2034)
- 9 Australia Combined Heat and Power Market Overview
- 9.1 Key Industry Highlights
- 9.2 Australia Combined Heat and Power Historical Market (2018-2024)
- 9.3 Australia Combined Heat and Power Market Forecast (2025-2034)
- 10 Australia Combined Heat and Power Market by Type
- 10.1 Gas Turbine
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Steam Turbine
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Reciprocating Engine
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Fuel Cell
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Microturbine
- 10.5.1 Historical Trend (2018-2024)
- 10.5.2 Forecast Trend (2025-2034)
- 10.6 Others
- 11 Australia Combined Heat and Power Market by Fuel Type
- 11.1 Natural Gas
- 11.1.1 Historical Trend (2018-2024)
- 11.1.2 Forecast Trend (2025-2034)
- 11.2 Coal
- 11.2.1 Historical Trend (2018-2024)
- 11.2.2 Forecast Trend (2025-2034)
- 11.3 Biogas/Biomass
- 11.3.1 Historical Trend (2018-2024)
- 11.3.2 Forecast Trend (2025-2034)
- 11.4 Nuclear
- 11.4.1 Historical Trend (2018-2024)
- 11.4.2 Forecast Trend (2025-2034)
- 11.5 Diesel
- 11.5.1 Historical Trend (2018-2024)
- 11.5.2 Forecast Trend (2025-2034)
- 11.6 Others
- 12 Australia Combined Heat and Power Market by Capacity
- 12.1 Up to 10 MW
- 12.1.1 Historical Trend (2018-2024)
- 12.1.2 Forecast Trend (2025-2034)
- 12.2 11-150 MW
- 12.2.1 Historical Trend (2018-2024)
- 12.2.2 Forecast Trend (2025-2034)
- 12.3 151-300 MW
- 12.3.1 Historical Trend (2018-2024)
- 12.3.2 Forecast Trend (2025-2034)
- 12.4 Above 300 MW
- 12.4.1 Historical Trend (2018-2024)
- 12.4.2 Forecast Trend (2025-2034)
- 13 Australia Combined Heat and Power Market by End User
- 13.1 Residential
- 13.1.1 Historical Trend (2018-2024)
- 13.1.2 Forecast Trend (2025-2034)
- 13.2 Commercial
- 13.2.1 Historical Trend (2018-2024)
- 13.2.2 Forecast Trend (2025-2034)
- 13.3 Industrial
- 13.3.1 Historical Trend (2018-2024)
- 13.3.2 Forecast Trend (2025-2034)
- 13.4 Others
- 14 Australia Combined Heat and Power Market by Region
- 14.1 New South Wales
- 14.1.1 Historical Trend (2018-2024)
- 14.1.2 Forecast Trend (2025-2034)
- 14.2 Victoria
- 14.2.1 Historical Trend (2018-2024)
- 14.2.2 Forecast Trend (2025-2034)
- 14.3 Queensland
- 14.3.1 Historical Trend (2018-2024)
- 14.3.2 Forecast Trend (2025-2034)
- 14.4 Australian Capital Territory
- 14.4.1 Historical Trend (2018-2024)
- 14.4.2 Forecast Trend (2025-2034)
- 14.5 Western Australia
- 14.5.1 Historical Trend (2018-2024)
- 14.5.2 Forecast Trend (2025-2034)
- 14.6 Others
- 15 Market Dynamics
- 15.1 SWOT Analysis
- 15.1.1 Strengths
- 15.1.2 Weaknesses
- 15.1.3 Opportunities
- 15.1.4 Threats
- 15.2 Porter’s Five Forces Analysis
- 15.2.1 Supplier’s Power
- 15.2.2 Buyer’s Power
- 15.2.3 Threat of New Entrants
- 15.2.4 Degree of Rivalry
- 15.2.5 Threat of Substitutes
- 15.3 Key Indicators of Demand
- 15.4 Key Indicators of Price
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Company Profile
- 16.2.1 The Evo Group
- 16.2.1.1 Company Overview
- 16.2.1.2 Product Portfolio
- 16.2.1.3 Demographic Reach and Achievements
- 16.2.1.4 Certifications
- 16.2.2 Simons Boilers Co.
- 16.2.2.1 Company Overview
- 16.2.2.2 Product Portfolio
- 16.2.2.3 Demographic Reach and Achievements
- 16.2.2.4 Certifications
- 16.2.3 INOPLEX
- 16.2.3.1 Company Overview
- 16.2.3.2 Product Portfolio
- 16.2.3.3 Demographic Reach and Achievements
- 16.2.3.4 Certifications
- 16.2.4 Veolia Holdings (Australia) Pty Ltd.
- 16.2.4.1 Company Overview
- 16.2.4.2 Product Portfolio
- 16.2.4.3 Demographic Reach and Achievements
- 16.2.4.4 Certifications
- 16.2.5 Aggreko Ltd.
- 16.2.5.1 Company Overview
- 16.2.5.2 Product Portfolio
- 16.2.5.3 Demographic Reach and Achievements
- 16.2.5.4 Certifications
- 16.2.6 Eneraque Pty Ltd.
- 16.2.6.1 Company Overview
- 16.2.6.2 Product Portfolio
- 16.2.6.3 Demographic Reach and Achievements
- 16.2.6.4 Certifications
- 16.2.7 Optimal Group Australia
- 16.2.7.1 Company Overview
- 16.2.7.2 Product Portfolio
- 16.2.7.3 Demographic Reach and Achievements
- 16.2.7.4 Certifications
- 16.2.8 Others
- 17 Key Trends and Developments in the Market
Pricing
Currency Rates
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