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North America CHP Market Share

Report ID: GMI4785
Published Date: Aug 2020
Report Format: PDF

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North America CHP Market Share

Rising decentralized energy generation demand coupled with widespread accessibility including broad range of designs & capacities will drive the North America CHP market trends. Cogeneration systems offers low operating costs, high product life, and high energy efficiency which will positively sway the product adoption. In addition, favorable regulatory norms including financial assistance, feed in tariff and tax rebates will fuel the industry landscape.

Increasing mergers and acquisitions by leading manufacturers to improve the market presence will thrust the business scenario. In 2018, GE Power announced the acquisition of Heat Recovery Steam Generators from Doosan Engineering & Construction for over USD 250 million. This acquisition will escalate the company’s market presence and increase the product quality.

Major players operating across the North America CHP market includes:

Kawasaki Heavy Industries
Wärtsilä
Caterpillar
MAN Diesel & Turbo
Yanmar
Siemens
Veolia
ABB
Bosch Thermotechnology GE
Cummins
MWM
Aegis Energy Services
ENER-G Rudox
BDR Thermea Group
2G Energy AG.

Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

Strict emission norms pertaining to infrastructure and rising tax exemptions in North America will push commercial end-user segment in the regional CHP industry.

Natural gas based North America CHP market size may cross USD 600 million by 2026 owing to rising initiatives being undertaken for refurbishing and replacing current energy generation plants.

North America CHP market from 5 MW – 20 MW segment may surpass USD 80 million by 2026 owing to rising power consumption across industrial, utility, & commercial establishments and surging demand for uninterrupted power supply.

CHPs will depict hefty demand across U.S. subject to favorable state initiatives, policies, CHP-inclined regulations, and resiliency initiatives. U.S. market registered USD 140 million in 2019.