Home > Energy & Power > Renewable Energy > Combined Heat and Power > Combined Heat and Power (CHP) Market

Combined Heat and Power (CHP) Market Share

Report ID: GMI1537
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Combined Heat and Power Market Share

General Electric holds a significant share in the combined heat and power (CHP) industry due to its advanced technology and extensive industry experience. Their innovative CHP systems offer high efficiency and reliability, meeting the growing demand for sustainable and decentralized energy solutions. GE's strong market presence and commitment to energy efficiency continue to drive their success in the CHP sector.

Combined Heat and Power Market Companies

Some of the key market players operating across the combined heat and power industry are:

ABB
BDR Thermea Group
Bosch Industriekessel GmbH
Caterpillar
Centrica Business Solutions
Centrax Gas Turbines
Cummins, Inc.
Daikin
Dalkia Aegis, EDF Group
Edina
FuelCell Energy, Inc.
General Electric
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions SE
Mitsubishi Power
MWM
Siemens
Veolia
Viessmann
Wartsila
Yanmar Holdings CO., Ltd.
2G Energy AG

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size of combined heat and power (CHP) reached USD 22.9 billion in 2023 and is anticipated to record a CAGR of 7.6% through 2032, owing to the rising demand for energy efficiency, especially in industries, where CHP systems help in curbing energy wastage by simultaneously producing electricity and thermal energy.

The combined heat and power (CHP) industry share from industrial sector is projected to achieve a CAGR exceeding 6% through 2032, driven by the increasing need for energy efficiency and the reduction of GHG emissions within industrial operations.

Europe market is expected to exceed USD 17.5 billion by 2032, led by increasing energy efficiency regulations, rising demand for sustainable and decentralized energy solutions, and technological advancements.

Caterpillar, Centrica Business Solutions, Centrax Gas Turbines, Cummins, Inc., Daikin, Dalkia Aegis, EDF Group, Edina, FuelCell Energy, Inc., General Electric, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions SE, Mitsubishi Power, and MWM among others.