Report Content
Chapter 1 Methodology & Scope
1.1 Market definitions
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Public
Chapter 2 Executive Summary
2.1 Industry 3600 synopsis, 2021 - 2032
Chapter 3 Industry Insights
3.1 Industry ecosystem analysis
3.2 Regulatory landscape
3.3 Industry impact forces
3.3.1 Growth drivers
3.3.2 Industry pitfalls & challenges
3.4 Growth potential analysis
3.5 Porter's analysis
3.5.1 Bargaining power of suppliers
3.5.2 Bargaining power of buyers
3.5.3 Threat of new entrants
3.5.4 Threat of substitutes
3.6 PESTEL analysis
Chapter 4 Competitive landscape, 2023
4.1 Strategic dashboard
4.2 Innovation & technology landscape
Chapter 5 Market Size and Forecast, By Fuel, 2021 – 2032 (MW & USD Million)
5.1 Key trends
5.2 Natural gas
5.3 Coal
5.4 Biomass
5.5 Others
Chapter 6 Market Size and Forecast, By End Use, 2021 – 2032 (MW & USD Million)
6.1 Key trends
6.2 Residential
6.2.1 Space heating/cooling
6.2.2 Water heating
6.2.3 Cooking
6.2.4 Lighting & others
6.3 Commercial
6.3.1 Educational institution
6.3.2 District energy
6.3.3 Office building
6.3.4 Government/military
6.3.5 Others
6.4 Industrial
6.4.1 Chemical
6.4.2 Petroleum refining
6.4.3 Food
6.4.4 Paper
6.4.5 Primary metals
6.4.6 Others
Chapter 7 Market Size and Forecast, By Capacity, 2021 – 2032 (MW & USD Million)
7.1 Key trends
7.2 1 kW - 0.5 MW
7.3 0.5 MW - 5 MW
7.4 Above 5 MW
Chapter 8 Market Size and Forecast, By Technology, 2021 – 2032 (MW & USD Million)
8.1 Key trends
8.2 Combined cycle
8.3 Steam turbine
8.4 Gas turbine
8.5 Reciprocating engine
8.6 Others
Chapter 9 Market Size and Forecast, By Region, 2021 – 2032 (MW & USD Million)
9.1 Key trends
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 UK
9.3.2 Finland
9.3.3 Russia
9.3.4 Germany
9.3.5 Denmark
9.3.6 Sweden
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.5 Rest of World
9.5.1 South Africa
9.5.2 Brazil
9.5.3 Saudi Arabia
Chapter 10 Company Profiles
10.1 ABB
10.2 BDR Thermea Group
10.3 Bosch Industriekessel GmbH
10.4 Caterpillar
10.5 Centrica Business Solutions
10.6 Centrax Gas Turbines
10.7 Cummins, Inc.
10.8 Daikin
10.9 Dalkia Aegis, EDF Group
10.10 Edina
10.11 FuelCell Energy, Inc.
10.12 General Electric
10.13 Kawasaki Heavy Industries, Ltd.
10.14 MAN Energy Solutions SE
10.15 Mitsubishi Power
10.16 MWM
10.17 Siemens
10.18 Veolia
10.19 Viessmann
10.20 Wartsila
10.21 Yanmar Holdings CO., Ltd.
10.22 2G Energy AG
Combined Heat and Power Market Analysis
The CHP industry is experiencing substantial growth driven by the utilization of natural gas as a primary fuel. The natural gas-based CHP market is projected to exceed USD 16 billion by 2032. Key drivers of this growth include the increasing focus on energy efficiency, the need for cost-effective power generation, and stringent government regulations aimed at reducing carbon emissions.
The abundant availability and lower prices of natural gas, along with advancements in CHP technology, further contribute to market expansion. Additionally, the growing demand for reliable and resilient power supply, especially in commercial and industrial sectors, is propelling the adoption of natural gas-based CHP systems.
The combined heat and power (CHP) market in the industrial sector is projected to achieve a compound annual growth rate (CAGR) exceeding 6% by 2032. This growth is driven by the increasing need for energy efficiency and the reduction of greenhouse gas emissions within industrial operations. Rising energy costs and the emphasis on sustainable energy solutions are prompting industries to adopt CHP systems. Government incentives and supportive policies further encourage the deployment of CHP technologies. Additionally, the reliability and continuous power supply provided by CHP systems enhance their attractiveness in industrial settings, supporting uninterrupted production processes.
The European combined heat and power market has seen strong growth, with forecasts indicating it will exceed USD 17.5 billion by 2032. This growth is driven by increasing energy efficiency regulations, rising demand for sustainable and decentralized energy solutions, and technological advancements. According to the European Commission, energy efficiency improvements could reduce EU energy consumption by 26% by 2030. Additionally, government incentives and policies promoting the adoption of CHP systems, along with the need to reduce greenhouse gas emissions, are further boosting the market's expansion. These factors collectively contribute to the robust development of the market in Europe.
The U.S. combined heat and power (CHP) industry is driven by increasing energy efficiency mandates, rising demand for resilient and decentralized energy systems, and advancements in CHP technology. Additionally, government incentives, the push for reducing greenhouse gas emissions, and the need for cost-effective energy solutions are propelling the market's growth and adoption across various industries.
Micro CHP Market
North America CHP Market
North America Micro CHP Market
Combined Cycle Power Plant Market