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Global Combined Heat and Power (CHP) Market 2019-2023

Global Combined Heat and Power (CHP) Market 2019-2023

About this market

Several favorable government initiatives will drive the CHP market in the forthcoming years. Governments across the globe are putting forth regulations for increasing the adoption of CHP for reducing the GHG emissions and improving the efficiencies of power-generating systems. These regulations have been supporting the use of CHP due to its cost-effective reduction in GHG emissions and improved fuel efficiencies, thus, leading to the CHP market growth throughout the forecast period. Technavio’s analysts have predicted that the combined heat and power market will register a CAGR of close to 3% by 2023.

Market Overview

Economic and environmental benefits

One of the growth drivers of the global combined heat and power market is the economic and environmental benefits. The rising demand for energy and the environmental and economic benefits of using CHP are expected to propel the growth of the global combined heat and power market during the forecast period.

Challenges associated with CHP installation

One of the challenges in the growth of the global combined heat and power market is the challenges associated with CHP installation. The lack of awareness raises concerns over site permissions required for developing CHP plants, which may restrict the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the combined heat and power market during 019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several market players. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


Press Release

Technavio Announces the Publication of its Research Report – Global Combined Heat and Power Market 2019-2023

Technavio recognizes the following companies as the key players in the global combined heat and power market: GENERAL ELECTRIC, MAN SE, MITSUBISHI HEAVY INDUSTRIES, LTD., Siemens, and Wärtsilä.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the rising popularity of distributed energy generation.”

According to the report, one of the major drivers for this market is the rising world energy demand.

Further, the report states that one of the major factors hindering the growth of this market is the challenges associated with CHP installation.

Companies Mentioned

GENERAL ELECTRIC
MAN SE
MITSUBISHI HEAVY INDUSTRIES, LTD.
Siemens
Wärtsilä

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global electricity capacity market
      • Table Segments of global electricity capacity market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (GW)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (GW)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 (GW)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 (GW)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Market segmentation by fuel
    • Table Fuel - Market share 2018-2023 (%)
    • Comparison by fuel
      • Table Comparison by fuel
    • Coal - Market size and forecast 2018-2023
      • Table Coal - Market size and forecast 2018-2023 (GW)
      • Table Coal - Year-over-year growth 2019-2023 (%)
    • Natural gas - Market size and forecast 2018-2023
      • Table Natural gas - Market size and forecast 2018-2023 (GW)
      • Table Natural gas - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (GW)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by fuel
      • Table Market opportunity by fuel
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological developments
    • Growing need for clean energy fuel
    • Rising popularity of distributed energy generation
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC - Vendor overview
      • Table GENERAL ELECTRIC - Business segments
      • Table GENERAL ELECTRIC - Organizational developments
      • Table GENERAL ELECTRIC - Geographic focus
      • Table GENERAL ELECTRIC - Segment focus
      • Table GENERAL ELECTRIC - Key offerings
    • MAN SE
      • Table MAN SE - Vendor overview
      • Table MAN SE - Business segments
      • Table MAN SE - Organizational developments
      • Table MAN SE - Geographic focus
      • Table MAN SE - Segment focus
      • Table MAN SE - Key offerings
    • MITSUBISHI HEAVY INDUSTRIES, LTD.
      • Table MITSUBISHI HEAVY INDUSTRIES, LTD. - Vendor overview
      • Table MITSUBISHI HEAVY INDUSTRIES, LTD. - Business segments
      • Table MITSUBISHI HEAVY INDUSTRIES, LTD. - Organizational developments
      • Table MITSUBISHI HEAVY INDUSTRIES, LTD. - Geographic focus
      • Table MITSUBISHI HEAVY INDUSTRIES, LTD. - Segment focus
      • Table MITSUBISHI HEAVY INDUSTRIES, LTD. - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
    • Wärtsilä
      • Table Wärtsilä - Vendor overview
      • Table Wärtsilä - Business segments
      • Table Wärtsilä - Organizational developments
      • Table Wärtsilä - Geographic focus
      • Table Wärtsilä - Segment focus
      • Table Wärtsilä - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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