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Combined Heat And Power (CHP) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 251 Pages
SKU # FOB18812902

Description

Combined Heat And Power (CHP) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Combined Heat & Power Market

The combined heat and power market size was valued at USD 14.98 billion in 2021, and the market is now projected to grow from USD 15.42 billion in 2022 to USD 23.83 billion by 2029, exhibiting a CAGR of 6.4% during the forecast period of 2022-2029.

The international market has also been significantly affected, as several nations have suffered an extensive loss in the work force across numerous business verticals. COVID-19 pandemic has also taken a substantial toll on the worldwide economy due to lockdown measures and severe travel limitations to diminish its spread. Many workforces across several segments have lost their jobs, and many countries have experienced a substantial scarcity in the total workforce in diverse sectors.

Massive carbon emission has unpleasantly affected the overall ecosystem causing an upsurge in sea level and temperature. Several governments and private entities are insistently working to lessen growing carbon emissions by implementing highly efficient, clean, and maintainable energy technology which is projected to enhance the combined heat and power market growth.

The mounting reception of gas-fired methods inferable from low fossil fuel byproducts joined with the developing client propensity in the direction of clean energy will certainly motivate the CHP infiltration. Substitution of conventional energy-producing systems with extremely efficient cogeneration plants will benefit the business enlargement.

Comprehensive Analysis of Combined Heat & Power Market

The market can be segmented in various ways depending on the focus of study such as by type, by technology and by application. Based on the type, the market is segmented into natural gas, coal, biomass, and others. By technology, the market is segmented into combined cycle, steam turbine, gas turbine, reciprocating engine, and others. Based on the application, the market is segmented into utilities, residential, and commercial & industrial.

Asia Pacific region is dominating the combined heat and power market share due to increasing demand for district vitality and chilling systems under moving climatic circumstances along with constant mechanical improvements.

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and growing market share by merger, partnerships and others. These players include

Wartsila Corporation (Finland), ENER-G Rudox (U.S.), MAN Diesel & Turbo (Germany), General Electric (U.S.), Mitsubishi Power (Japan), Kawasaki Heavy Industries, Ltd. (Japan), Bosch Thermotechnik GmbH (Germany), Viessmann Werke (Germany), FuelCell Energy (U.S.), Cummings (U.S.), Veolia (France), BDR Thermea Group (Netherlands), CENTRAX Gas Turbines (U.K.), 2G Energy AG (Germany), ABB Group (Switzerland), Siemens AG (Germany) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.

In October 2020, Siemens Energy carried two gas turbines for a nourishment fixing control plant that Tate and Lyle possessed in Lafayette, Indiana, U.S. The two turbines will be the base of another consolidated CHP activity replacing its coal-terminated containers. By creating power nearby and improving heat that would naturally be wasted the new CHP activity will enlarge energy production and expressively reduce energy costs and fossil fuel byproducts.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2018-2029

Base Year 2021

Estimated Year 2022

Forecast Period 2022-2029

Historical Period 2018-2020

Unit Value (USD Billion)

Segmentation By Fuel Type, Technology, Application, and Region

By Fuel Type Natural Gas

Coal

Biomass

Others

By Technology Combined Cycle

Steam Turbine

Gas Turbine

Reciprocating Engine

Others

By Application Utilities

Residential

Commercial & Industrial

By Geography North America (By Fuel Type, Technology, Application, Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Fuel Type, Technology, Application, Country)

- U.K. (By Application)

- Germany (By Application)

- Italy (By Application)

- Spain (By Application)

- Russia (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Fuel Type, Technology, Application, Country)

- China (By Application)

- India (By Application)

- Japan (By Application)

- Australia (By Application)

- Southeast Asia (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Fuel Type, Technology, Application, Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

Middle East & Africa (By Fuel Type, Technology, Application, Country)

- GCC (By Application)

- South Africa (By Application)

- Rest of Middle East & Africa (By Application)


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Table of Contents

251 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Porter Five Forces Analysis
5. Qualitative Analysis – Impact of COVID-19
5.1. Impact of COVID-19 on the Micro Combined Heat and Power (CHP) Market
5.2. Steps Taken by the Government to Overcome the Impact
5.3. Key Developments by the Industry Players in Response to COVID-19
5.4. Potential Opportunities and Challenges due to COVID-19 Outbreak
6. Global Micro Combined Heat and Power (CHP) Market Analysis (MW, USD Billion), Insights and Forecast, 2018-2029
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Capacity
6.2.1. Up to 2 kW
6.2.2. 2 – 10 kW
6.2.3. 10 – 50 kW
6.3. Market Analysis, Insights and Forecast – By Prime Mover
6.3.1. IC Engine
6.3.2. Stirling Engine
6.3.3. Fuel Cell
6.3.4. Others
6.4. Market Analysis, Insights and Forecast – By Fuel
6.4.1. Natural Gas
6.4.2. Hydrogen
6.4.3. Renewable Resources
6.4.4. Others
6.5. Market Analysis, Insights and Forecast – By Application
6.5.1. Residential
6.5.2. Commercial
6.6. Market Analysis, Insights and Forecast – By Region
6.6.1. North America
6.6.2. Europe
6.6.3. Asia Pacific
6.6.4. Rest of the World
7. North America Micro Combined Heat and Power (CHP) Market Analysis (MW, USD Billion), Insights and Forecast, 2018-2029
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Capacity
7.2.1. Up to 2 kW
7.2.2. 2 – 10 kW
7.2.3. 10 – 50 kW
7.3. Market Analysis, Insights and Forecast – By Prime Mover
7.3.1. IC Engine
7.3.2. Stirling Engine
7.3.3. Fuel Cell
7.3.4. Others
7.4. Market Analysis, Insights and Forecast – By Fuel
7.4.1. Natural Gas
7.4.2. Hydrogen
7.4.3. Renewable Resources
7.4.4. Others
7.5. Market Analysis, Insights and Forecast – By Application
7.5.1. Residential
7.5.2. Commercial
7.6. Market Analysis, Insights and Forecast – By Country
7.6.1. U.S. Market Analysis, Insights and Forecast – By Application
7.6.1.1. Residential
7.6.1.2. Commercial
7.6.2. Canada Market Analysis, Insights and Forecast – By Application
7.6.2.1. Residential
7.6.2.2. Commercial
8. Europe Micro Combined Heat and Power (CHP) Market Analysis (MW, USD Billion), Insights and Forecast, 2018-2029
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Capacity
8.2.1. Up to 2 kW
8.2.2. 2 – 10 kW
8.2.3. 10 – 50 kW
8.3. Market Analysis, Insights and Forecast – By Prime Mover
8.3.1. IC Engine
8.3.2. Stirling Engine
8.3.3. Fuel Cell
8.3.4. Others
8.4. Market Analysis, Insights and Forecast – By Fuel
8.4.1. Natural Gas
8.4.2. Hydrogen
8.4.3. Renewable Resources
8.4.4. Others
8.5. Market Analysis, Insights and Forecast – By Application
8.5.1. Residential
8.5.2. Commercial
8.6. Market Analysis, Insights and Forecast – By Country
8.6.1. UK Market Analysis, Insights and Forecast – By Application
8.6.1.1. Residential
8.6.1.2. Commercial
8.6.2. Germany Market Analysis, Insights and Forecast – By Application
8.6.2.1. Residential
8.6.2.2. Commercial
8.6.3. Italy Market Analysis, Insights and Forecast – By Application
8.6.3.1. Residential
8.6.3.2. Commercial
8.6.4. France Market Analysis, Insights and Forecast – By Application
8.6.4.1. Residential
8.6.4.2. Commercial
8.6.5. Rest of Europe Market Analysis, Insights and Forecast – By Application
8.6.5.1. Residential
8.6.5.2. Commercial
9. Asia Pacific Micro Combined Heat and Power (CHP) Market Analysis (MW, USD Billion), Insights and Forecast, 2018-2029
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Capacity
9.2.1. Up to 2 kW
9.2.2. 2 – 10 kW
9.2.3. 10 – 50 kW
9.3. Market Analysis, Insights and Forecast – By Prime Mover
9.3.1. IC Engine
9.3.2. Stirling Engine
9.3.3. Fuel Cell
9.3.4. Others
9.4. Market Analysis, Insights and Forecast – By Fuel
9.4.1. Natural Gas
9.4.2. Hydrogen
9.4.3. Renewable Resources
9.4.4. Others
9.5. Market Analysis, Insights and Forecast – By Application
9.5.1. Residential
9.5.2. Commercial
9.6. Market Analysis, Insights and Forecast – By Country
9.6.1. China Market Analysis, Insights and Forecast – By Application
9.6.1.1. Residential
9.6.1.2. Commercial
9.6.2. Japan Market Analysis, Insights and Forecast – By Application
9.6.2.1. Residential
9.6.2.2. Commercial
9.6.3. South Korea Market Analysis, Insights and Forecast – By Application
9.6.3.1. Residential
9.6.3.2. Commercial
9.6.4. Rest of Asia Pacific Market Analysis, Insights and Forecast – By Application
9.6.4.1. Residential
9.6.4.2. Commercial
10. Rest of the World Micro Combined Heat and Power (CHP) Market Analysis (MW, USD Billion), Insights and Forecast, 2018-2029
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Capacity
10.2.1. Up to 2 kW
10.2.2. 2 – 10 kW
10.2.3. 10 – 50 kW
10.3. Market Analysis, Insights and Forecast – By Prime Mover
10.3.1. IC Engine
10.3.2. Stirling Engine
10.3.3. Fuel Cell
10.3.4. Others
10.4. Market Analysis, Insights and Forecast – By Fuel
10.4.1. Natural Gas
10.4.2. Hydrogen
10.4.3. Renewable Resources
10.4.4. Others
10.5. Market Analysis, Insights and Forecast – By Application
10.5.1. Residential
10.5.2. Commercial
11. Competitive Analysis
11.1. Company Market Share Analysis, 2021
11.2. Company Profile
11.2.1. Yanmar
11.2.1.1. Business Overview
11.2.1.2. Product & Service Offering
11.2.1.3. Overall Revenue
11.2.1.4. Geographic Presence
11.2.1.5. Recent Development
11.2.2. GE Power
11.2.2.1. Business Overview
11.2.2.2. Product & Service Offering
11.2.2.3. Overall Revenue
11.2.2.4. Geographic Presence
11.2.2.5. Recent Development
11.2.3. Siemens
11.2.3.1. Business Overview
11.2.3.2. Product & Service Offering
11.2.3.3. Overall Revenue
11.2.3.4. Geographic Presence
11.2.3.5. Recent Development
11.2.4. Dalkia Aegis, EDF Group
11.2.4.1. Business Overview
11.2.4.2. Product & Service Offering
11.2.4.3. Overall Revenue
11.2.4.4. Geographic Presence
11.2.4.5. Recent Development
11.2.5. 2G Energy AG
11.2.5.1. Business Overview
11.2.5.2. Product & Service Offering
11.2.5.3. Overall Revenue
11.2.5.4. Geographic Presence
11.2.5.5. Recent Development
11.2.6. Samad Power
11.2.6.1. Business Overview
11.2.6.2. Product & Service Offering
11.2.6.3. Overall Revenue
11.2.6.4. Geographic Presence
11.2.6.5. Recent Development
11.2.7. Vaillant Group
11.2.7.1. Business Overview
11.2.7.2. Product & Service Offering
11.2.7.3. Overall Revenue
11.2.7.4. Geographic Presence
11.2.7.5. Recent Development
11.2.8. Viessmann
11.2.8.1. Business Overview
11.2.8.2. Product & Service Offering
11.2.8.3. Overall Revenue
11.2.8.4. Geographic Presence
11.2.8.5. Recent Development
11.2.9. Axiom Energy Group
11.2.9.1. Business Overview
11.2.9.2. Product & Service Offering
11.2.9.3. Overall Revenue
11.2.9.4. Geographic Presence
11.2.9.5. Recent Development
11.2.10. Micro Turbine Technology B.V.
11.2.10.1. Business Overview
11.2.10.2. Product & Service Offering
11.2.10.3. Overall Revenue
11.2.10.4. Geographic Presence
11.2.10.5. Recent Development
11.2.11. Centrica Business Solutions UK & Ireland
11.2.11.1. Business Overview
11.2.11.2. Product & Service Offering
11.2.11.3. Overall Revenue
11.2.11.4. Geographic Presence
11.2.11.5. Recent Development
11.2.12. BDR Thermea Group
11.2.12.1. Business Overview
11.2.12.2. Product & Service Offering
11.2.12.3. Overall Revenue
11.2.12.4. Geographic Presence
11.2.12.5. Recent Development
11.2.13. M-TriGen, Inc.
11.2.13.1. Business Overview
11.2.13.2. Product & Service Offering
11.2.13.3. Overall Revenue
11.2.13.4. Geographic Presence
11.2.13.5. Recent Development
11.2.14. EC POWER
11.2.14.1. Business Overview
11.2.14.2. Product & Service Offering
11.2.14.3. Overall Revenue
11.2.14.4. Geographic Presence
11.2.14.5. Recent Development
11.2.15. TEDOM a.s.
11.2.15.1. Business Overview
11.2.15.2. Product & Service Offering
11.2.15.3. Overall Revenue
11.2.15.4. Geographic Presence
11.2.15.5. Recent Development
11.2.16. Honda Motor Co., Ltd.
11.2.16.1. Business Overview
11.2.16.2. Product & Service Offering
11.2.16.3. Overall Revenue
11.2.16.4. Geographic Presence
11.2.16.5. Recent Development
11.2.17. GreenWatt Canada
11.2.17.1. Business Overview
11.2.17.2. Product & Service Offering
11.2.17.3. Overall Revenue
11.2.17.4. Geographic Presence
11.2.17.5. Recent Development

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