Combined Heat and Power (CHP) Market -Market Size, Segmentation, Regulations and Key Country Analysis to 2025

  • ID: 4051406
  • Report
  • 169 pages
  • GlobalData
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Combined Heat and Power Installed Capacity Will Approach 972 GW by 2025
Cogeneration or Combined Heat and Power (CHP), is a process in which fuels are used to produce both electrical and thermal energy, leading to a much more efficient use of fuel than in conventional power. Coal, fuel oil, gas, biomass, and biogas are the traditional fuels used for CHP plants.

Worldwide market for CHP is growing rapidly, as is evident from the high year-on-year growth rate of cumulative installed capacity between 2006 and 2015. Europe is the well-established market in CHP whereas emerging economies in Asia-Pacific (excluding China), South and Central America, and the Middle East and Africa are expected to be the major markets in the upcoming period.

CHP is receiving enormous support from various governments around the world in the form of favorable policies and incentives. Governments in different regions are promoting cogeneration technology through various long-term policies, and financial incentives. Strong commitment from these governments for the development of CHP has led to various R&D initiatives and CHP installations, which will drive the market in the upcoming period. During 2016-2025, the global CHP market is expected to increase from 755.2 GW to 971.9 GW at a CAGR of 2.8%.

Currently, Asia-Pacific is the largest regional CHP market in the world will continue to lead during the forecast period. Governments in this region are strongly committed toward having a cleaner energy mix and are supporting the evolution of such technologies through various policies and R&D initiatives. This is expected to drive the CHP market in the Asia-Pacific region making it a good market in which to invest.

China with a share of 34% of total installed capacity was the global leader in terms of the cumulative capacity, and had 250 GW of the total installed capacity as of 2015. China added more new installed CHP capacity than the rest of the world, strengthening the country’s role in the global cogeneration development. The US has the second largest total capacity installed after China. The cumulative CHP capacity of the US was 83.3 GW in 2015 and in the next year capacity is expected to reach 83.7 GW.

The report “Combined Heat and Power (CHP) Market -Market Size, Segmentation, Regulations and Key Country Analysis to 2025” is a comprehensive information and analysis of the global combined heat and power market. The report provides a clear overview of and detailed insight into the global CHP market. It provides data covering historic and forecast market size, market segmentation and installed capacity globally, and in eleven key CHP markets - US, Canada, Mexico, Brazil, Germany, the Netherlands, Russia, the UK, China, India, and Japan.

In particular, this report provides the following analysis:
- Detailed analysis of CHP market study at global level and at key country level, covering countries such as US, Canada, Mexico, Brazil, Germany, the Netherlands, Russia, the UK, China, India, and Japan.
- Provides the historic and forecast data for cumulative and annual installed power capacity for CHP.
- Analysis on major market forces driving or restraining the growth of CHP market at global and regional level.
- Analyzes key market aspects which determine CHP sector and provides information on installed capacity share by fuel, end-user, capacity range & prime mover and key regulations.
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1.1 List of Tables

1.2 List of Figures

2 Introduction

2.1 Combined Heat and Power Technology

2.2 Technology Trends of Combined Heat and Power Technology

2.2.1 Trigeneration

2.2.2 Shift from Conventional Generation to Powerformers

2.2.3 New Combustion Technology

2.2.4 Heat Recovery Technologies

2.2.5 Waste Heat to Power Systems

2.3 Combined Heat and Power Prime Movers, Types, Pros/Cons

2.4 End-User Type

2.4.1 Institutional Users

2.4.2 Commercial Users

2.4.3 Industrial Users

2.4.4 Residential Users

2.5 Combined Heat and Power Supply Chain

2.6 Report Guidance

3 Combined Heat and Power Market, Global

3.1 Combined Heat and Power Market, Global, Installed Capacity, 2006-2025

3.2 Combined Heat and Power Market, Global, Installed Capacity Share by Region, 2015 and 2025

3.3 Combined Heat and Power Market, Global, Market Size, 2006-2025

4 Combined Heat and Power Market, Americas

4.1 Combined Heat and Power Market, Americas, Installed Capacity

4.1.1 Combined Heat and Power Market, Americas, Installed Capacity, 2006-2025

4.1.2 Combined Heat and Power Market, Americas, Cumulative Installed Capacity by Country, 2006-2025

4.1.3 Combined Heat and Power Market, Americas, Cumulative Installed Capacity Share by Country, 2015 and 2025

4.2 Combined Heat and Power Market, Americas, Market Size, 2006-2025

4.3 Combined Heat and Power Market, Americas, Market Forces Analysis

4.3.1 Combined Heat and Power Market, Americas, Key Drivers

4.3.2 Combined Heat and Power Market, Americas, Key Restraints

5 Combined Heat and Power Market, US

5.1 Combined Heat and Power Market, US, Installed Capacity, 2006-2025

5.2 Combined Heat and Power Market, US, Market Segmentation

5.2.1 Combined Heat and Power Market, US, Share by End-User Segment, 2015

5.2.2 Combined Heat and Power Market, US, Share by Prime Mover, 2015

5.2.3 Combined Heat and Power Market, US, Share by Fuel Type, 2015

5.2.4 Combined Heat and Power Market, US, Share by Capacity Range, 2015

5.3 Combined Heat and Power Market, US, Market Size, 2006-2025

5.4 Combined Heat and Power Market, US, Regulations, 2015

5.4.1 American Recovery and Reinvestment Act (ARRA) or Recovery Act

5.4.2 Power Plant Improvement Initiative

5.4.3 Clean Energy Standard Act

5.4.4 Energy Policy Act

5.4.5 Clean Coal Power Initiative

6 Combined Heat and Power Market, Canada

6.1 Combined Heat and Power Market, Canada, Installed Capacity, 2006-2025

6.2 Combined Heat and Power Market, Canada, Market Segmentation

6.2.1 Combined Heat and Power Market, Canada, Share by End-User Segment, 2015

6.2.2 Combined Heat and Power Market, Canada, Share by Prime Mover, 2015

6.2.3 Combined Heat and Power Market, Canada, Regional Share, 2015

6.3 Combined Heat and Power Market, Canada, Market Size, 2006-2025

6.4 Combined Heat and Power Market, Canada, Regulations

6.4.1 ecoEnergy Technology Initiative

6.4.2 Accelerated Capital Cost Allowance

6.4.3 Clean Energy Fund: Renewable Energy and Clean Energy Systems Demonstration Projects

6.4.4 ecoEnergy for Biofuels

6.4.5 Renewable Energy Policy Framework, Nova Scotia

6.4.6 Renewable Energy Policy Framework, Ontario

7 Combined Heat and Power Market, Mexico

7.1 Combined Heat and Power Market, Mexico, Installed Capacity, 2006-2025

7.2 Combined Heat and Power Market, Mexico, Market Size, 2006-2025

7.3 Combined Heat and Power Market, Mexico, Regulations, 2015

7.3.1 Special Program for the Use of Renewable Energy

7.3.2 National Energy Strategy

7.3.3 Law for the Development of Renewable Energy and Energy Transition Financing

8 Combined Heat and Power, Brazil

8.1 Combined Heat and Power Market, Brazil, Installed Capacity, 2006-2025

8.2 Combined Heat and Power Market, Brazil, Market Segmentation

8.2.1 Combined Heat and Power Market, Brazil, Share by Fuel Type, 2015

8.3 Combined Heat and Power Market, Brazil, Market Size, 2006-2025

8.4 Combined Heat and Power, Brazil, Regulations, 2015

8.4.1 Brazil Inova Energia Program

8.4.2 2010-2019 Plan for Energy Expansion

8.4.3 Brazil’s National Climate Change Plan

9 Combined Heat and Power Market, Europe, Middle East, and Africa (EMEA)

9.1 Combined Heat and Power Market, EMEA, Installed Capacity

9.1.1 Combined Heat and Power Market, EMEA, Installed Capacity, 2006-2025

9.1.2 Combined Heat and Power Market, EMEA, Cumulative Installed Capacity by Country, 2006-2025

9.1.3 Combined Heat and Power Market, EMEA, Cumulative Installed Capacity Share by Country, 2015 and 2025

9.2 Combined Heat and Power Market, EMEA, Market Size, 2006-2025

9.3 Combined Heat and Power Market, EMEA, Market Forces Analysis

9.3.1 Combined Heat and Power Market, EMEA, Key Drivers

9.3.2 Combined Heat and Power Market, EMEA, Key Restraints

10 Combined Heat and Power Market, Germany

10.1 Combined Heat and Power Market, Germany, Installed Capacity, 2006-2025

10.2 Combined Heat and Power Market, Germany, Market Segmentation

10.2.1 Combined Heat and Power Market, Germany, Share by Fuel Type, 2015

10.2.2 Combined Heat and Power Market, Germany, Share by Capacity Range, 2015

10.3 Combined Heat and Power Market, Germany, Market Size, 2006-2025

10.4 Combined Heat and Power Market, Germany, Regulations, 2015

10.4.1 New CHP Act, 2016

10.4.2 Renewable Energy Sources Act

10.4.3 National Allocation Plan

10.4.4 Initiatives Toward Reducing Greenhouse and Carbon Dioxide Emissions

11 Combined Heat and Power Market, Netherlands

11.1 Combined Heat and Power Market, Netherlands, Installed Capacity, 2006-2025

11.2 Combined Heat and Power Market, Netherlands, Market Segmentation

11.2.1 Combined Heat and Power Market, Netherlands, Share by End-User Segment, 2015

11.2.2 Combined Heat and Power Market, Netherlands, Share by Fuel Type, 2015

11.3 Combined Heat and Power Market, Netherlands, Market Size, 2006-2025

11.4 Combined Heat and Power Market, Netherlands, Regulations, 2015

11.4.1 The Netherlands Energy Action Plan

11.4.2 Renewable Energy and CHP Production Aid Scheme

11.4.3 Tax Reduction for Investments in Energy-Saving Equipment and Sustainable Energy

12 Combined Heat and Power Market, Russia

12.1 Combined Heat and Power Market, Russia, Installed Capacity, 2006-2025

12.2 Combined Heat and Power Market, Russia, Market Segmentation

12.2.1 Combined Heat and Power Market, Russia, Share by End-User Segment, 2015

12.2.2 Combined Heat and Power Market, Russia, Share by Fuel Type, 2015

12.3 Combined Heat and Power Market, Russia, Market Size, 2006-2025

12.4 Combined Heat and Power Market, Russia, Regulations, 2015

12.4.1 Energy Strategy to 2030

12.4.2 Energy Intensity Reduction Program

12.4.3 State Program on Energy Efficiency and Energy Sector Development in 2013-2020

13 Combined Heat and Power Market, UK

13.1 Combined Heat and Power Market, UK, Installed Capacity, 2006-2025

13.2 Combined Heat and Power Market, UK, Market Segmentation

13.2.1 Combined Heat and Power Market, UK, Share by End-User Segment, 2015

13.2.2 Combined Heat and Power Market, UK, Share by Prime Mover, 2015

13.2.3 Combined Heat and Power Market, UK, Share by Fuel Type, 2015

13.2.4 Combined Heat and Power Market, UK, Share by Capacity Range, 2015

13.3 Combined Heat and Power Market, UK, Market Size, 2006-2025

13.4 Combined Heat and Power Market, UK, Regulations, 2015

13.4.1 Exemption of Good Quality CHP Fuel Inputs and Electricity Outputs from the Climate Change Levy

13.4.2 Increased Support for Renewable CHP

13.4.3 Treatment of CHP Under the EU Emission Trading Scheme

13.4.4 Renewable Energy Strategy 2009

13.4.5 Renewables Obligation Order

14 Combined Heat and Power Market, Asia-Pacific

14.1 Combined Heat and Power Market, Asia-Pacific, Installed Capacity

14.1.1 Combined Heat and Power, Asia-Pacific, Installed Capacity, 2006-2025

14.1.2 Combined Heat and Power Market, Asia-Pacific, Cumulative Installed Capacity by Country, 2006-2025

14.1.3 Combined Heat and Power Market, Asia-Pacific, Cumulative Installed Capacity Share by Country, 2015 and 2025

14.2 Combined Heat and Power Market, Asia-Pacific, Market Size, 2006-2025

14.3 Combined Heat and Power Market, Asia-Pacific, Market Forces Analysis

14.3.1 Combined Heat and Power Market, Asia-Pacific, Key Drivers

14.3.2 Combined Heat and Power Market, Asia-Pacific, Key Restraints

15 Combined Heat and Power Market, China

15.1 Combined Heat and Power Market, China, Installed Capacity, 2006-2025

15.2 Combined Heat and Power Market, China, Market Size, 2006-2025

15.3 Combined Heat and Power Market, China, Regulations, 2015

15.3.1 Guidance to Improve Electric Power Operation Facilitating Further Development of Clean Energy

15.3.2 Management Measures on Renewable Energy Development Funds

15.3.3 Renewable Energy Law

15.3.4 Energy Policy

16 Combined Heat and Power Market, India

16.1 Combined Heat and Power Market, India, Installed Capacity, 2006-2025

16.2 Combined Heat and Power Market, India, Market Segmentation

16.3 Combined Heat and Power Market, India, Market Size, 2006-2025

16.4 Combined Heat and Power Market, India, Regulations, 2015

16.4.1 Tariff Policy 2006

16.4.2 DeenDayal Upadhyaya Gram Jyoti Yojana (DDUGJY)

16.4.3 Twelfth Five-Year Plan (2012-2017)

16.4.4 Renewable Energy Certificates

16.4.5 India-Brazil-South Africa Declaration on Clean Energy

16.4.6 Integrated Energy Policy

16.4.7 National Electricity Policy

17 Combined Heat and Power Market, Japan

17.1 Combined Heat and Power Market, Japan, Installed Capacity, 2006-2025

17.2 Combined Heat and Power Market, Japan, Market Segmentation

17.2.1 Combined Heat and Power Market, Japan, Share by End-User Segment, 2015

17.2.2 Combined Heat and Power Market, Japan, Share by Prime Mover, 2015

17.2.3 Combined Heat and Power Market, Japan, Share by Fuel Type, 2015

17.3 Combined Heat and Power Market, Japan, Market Size, 2006-2025

17.4 Combined Heat and Power Market, Japan, Regulations, 2015

17.4.1 Cool Earth-Energy Innovative Technology Plan

17.4.2 Law on Establishment of NEDO

17.4.3 Special Measures Law for Promoting the Use of New Energy

17.4.4 Strategic Energy Plan

17.4.5 Support for Deployment of New and Renewable Energy

18 Appendix

18.1 Abbreviations

18.2 Bibliography

18.3 Market Definitions

18.3.1 Power

18.3.2 Installed Capacity

18.3.3 Electricity Generation

18.3.4 Electricity Consumption

18.3.5 Coal- fired Power Plant

18.3.6 Renewable Energy Resources

18.4 Methodology

18.4.1 Coverage

18.4.2 Secondary Research

18.4.3 Primary Research

18.5 Disclaimer

1.1 List of Tables

Table 1: Combined Heat and Power Market, Waste Heat to Power Projects, US, By Application, 2012

Table 2: Combined Heat and Power Market, Prime Movers, Types

Table 3: Combined Heat and Power Market, Global, Installed Capacity (GW), 2006-2025

Table 4: Combined Heat and Power Market, Global, Installed Capacity Share by Region (%), 2015 and 2025

Table 5: Combined Heat and Power Market, Global, Market Size ($m), 2006-2025

Table 6: Combined Heat and Power Market, Americas, Installed Capacity (GW), 2006-2025

Table 7: Combined Heat and Power Market, Americas, Cumulative Installed Capacity by Country (GW), 2006-2025

Table 8: Combined Heat and Power Market, Americas, Cumulative Installed Capacity Share by Country (%), 2015 and 2025

Table 9: Combined Heat and Power Market, Americas, Market Size ($m), 2006-2025

Table 10: Combined Heat and Power Market, US, Installed Capacity (GW), 2006-2025

Table 11: Combined Heat and Power Market, US, Share by End-User Segment (%), 2015

Table 12: Combined Heat and Power Market, US, Share by Commercial End-User Segment (%), 2015

Table 13: Combined Heat and Power Market, US, Share by Prime Mover (%), 2015

Table 14: Combined Heat and Power Market, US, Share by Fuel Type (%), 2015

Table 15: Combined Heat and Power Market, US, Share by Capacity Range (%), 2015

Table 16: Combined Heat and Power Market, US, Market Size ($m), 2006-2025

Table 17: Combined Heat and Power Market, Canada, Installed Capacity (GW), 2006-2025

Table 18: Combined Heat and Power Market, Canada, Share by End-User Segment (%), 2015

Table 19: Combined Heat and Power Market, Canada, Share by Prime Mover (%), 2015

Table 20: Combined Heat and Power Market, Canada, Regional Share (%), 2015

Table 21: Combined Heat and Power Market, Canada, Market Size ($m), 2006-2025

Table 22: Combined Heat and Power Market, Mexico, Installed Capacity (GW), 2006-2025

Table 23: Combined Heat and Power Market, Mexico, Market Size ($m), 2006-2025

Table 24: Combined Heat and Power Market, Brazil, Installed Capacity (GW), 2006-2025

Table 25: Combined Heat and Power Market, Brazil, Share by Fuel Type (%), 2015

Table 26: Combined Heat and Power Market, Brazil, Market Size ($m), 2006-2025

Table 27: Combined Heat and Power Market, EMEA, Installed Capacity (GW), 2006-2025

Table 28: Combined Heat and Power Market, EMEA, Cumulative Installed Capacity by Country (GW), 2006-2025

Table 29: Combined Heat and Power Market, EMEA, Cumulative Installed Capacity Share by Country (%), 2015 and 2025

Table 30: Combined Heat and Power Market, EMEA, Market Size ($m), 2006-2025

Table 31: Combined Heat and Power Market, Germany, Installed Capacity (GW), 2006-2025

Table 32: Combined Heat and Power Market, Germany, Share by Fuel Type (%), 2015

Table 33: Combined Heat and Power Market, Germany, Share by Capacity Range (%), 2015

Table 34: Combined Heat and Power Market, Germany, Market Size ($m), 2006-2025

Table 35: Combined Heat and Power Market, Netherlands, Installed Capacity (GW), 2006-2025

Table 36: Combined Heat and Power Market, Netherlands, Share by End-User Segment (%), 2015

Table 37: Combined Heat and Power Market, Netherlands, Share by Fuel Type (%), 2015

Table 38: Combined Heat and Power Market, Netherlands, Market Size ($m), 2006-2025

Table 39: Combined Heat and Power Market, Russia, Installed Capacity (GW), 2006-2025

Table 40: Combined Heat and Power Market, Russia, Share by End-User Segment (%), 2015

Table 41: Combined Heat and Power Market, Russia, Share by Fuel Type (%), 2015

Table 42: Combined Heat and Power Market, Russia, Market Size ($m), 2006-2025

Table 43: Combined Heat and Power Market, UK, Installed Capacity (GW), 2006-2025

Table 44: Combined Heat and Power Market, UK, Share by End-User Segment (%), 2015

Table 45: Combined Heat and Power Market, UK, Share by Prime Mover (%), 2015

Table 46: Combined Heat and Power Market, UK, Share by Fuel Type (%), 2015

Table 47: Combined Heat and Power Market, UK, Share by Capacity Range (%), 2015

Table 48: Combined Heat and Power Market, UK, Market Size ($m), 2006-2025

Table 49: Combined Heat and Power Market, Asia-Pacific, Installed Capacity (GW), 2006-2025

Table 50: Combined Heat and Power Market, Asia-Pacific, Cumulative Installed Capacity by Country (GW), 2006-2025

Table 51: Combined Heat and Power Market, Asia-Pacific, Cumulative Installed Capacity Share by Country (%), 2015 and 2025

Table 52: Combined Heat and Power Market, Asia-Pacific, Market Size ($m), 2006-2025

Table 53: Combined Heat and Power Market, China, Installed Capacity (GW), 2006-2025

Table 54: Combined Heat and Power Market, China, Market Size ($m), 2006-2025

Table 55: Combined Heat and Power Market, India, Installed Capacity (GW), 2006-2025

Table 56: Combined Heat and Power Market, India, Share by End-User Segment (%), 2015

Table 57: Combined Heat and Power Market, India, Share by Prime Mover (%), 2015

Table 58: Combined Heat and Power Market, India, Share by Fuel Type (%), 2015

Table 59: Combined Heat and Power Market, India, Market Size ($m), 2006-2025

Table 60: Combined Heat and Power Market, India, Installed Capacity (GW), 2006-2025

Table 61: Combined Heat and Power Market, Japan, Share by End-User Segment (%), 2015

Table 62: Combined Heat and Power Market, Japan, Share by Industrial End-User Segment (%), 2015

Table 63: Combined Heat and Power Market, Japan, Share by Commercial End-User Segment (%), 2015

Table 64: Combined Heat and Power Market, Japan, Share by Prime Mover (%), 2015

Table 65: Combined Heat and Power Market, Japan, Share by Fuel Type (%), 2015

Table 66: Combined Heat and Power Market, Japan, Market Size ($m), 2006-2025

Table 67: Abbreviations

1.2 List of Figures

Figure 1: Combined Heat and Power Supply Chain

Figure 2: Combined Heat And Power Market, Global, Installed Capacity (GW), 2006-2025

Figure 3: Combined Heat and Power Market, Global, Installed Capacity Share by Region (%), 2015 and 2025

Figure 4: Combined Heat and Power Market, Global, Market Size ($m), 2006-2025

Figure 5: Combined Heat and Power Market, Americas, Installed Capacity (GW), 2006-2025

Figure 6: Combined Heat and Power Market, Americas, Cumulative Installed Capacity by Country (GW), 2006-2025

Figure 7: Combined Heat and Power Market, Americas, Cumulative Installed Capacity Share by Country (%), 2015 and 2025

Figure 8: Combined Heat and Power Market, Americas, Market Size ($m), 2006-2025

Figure 9: Combined Heat and Power Market, US, Installed Capacity (GW), 2006-2025

Figure 10: Combined Heat and Power Market, US, Share by End-User Segment (%), 2015

Figure 11: Combined Heat and Power Market, US, Share by Commercial End-User Segment (%), 2015

Figure 12: Combined Heat and Power Market, US, Share by Prime Mover (%), 2015

Figure 13: Combined Heat and Power Market, US, Share by Fuel Type (%), 2015

Figure 14: Combined Heat and Power Market, US, Share by Capacity Range (%), 2015

Figure 15: Combined Heat and Power Market, US, Market Size ($m), 2006-2025

Figure 16: Combined Heat And Power Market, Canada, Installed Capacity (GW), 2006-2025

Figure 17: Combined Heat and Power Market, Canada, Share by End-User Segment (%), 2015

Figure 18: Combined Heat and Power Market, Canada, Share by Prime Mover (%), 2015

Figure 19: Combined Heat and Power Market, Canada, Regional Share (%), 2015

Figure 20: Combined Heat and Power Market, Canada, Market Size ($m), 2006-2025

Figure 21: Combined Heat and Power Market, Mexico, Installed Capacity (GW), 2012-2025

Figure 22: Combined Heat and Power Market, Mexico, Market Size ($m), 2006-2025

Figure 23: Combined Heat and Power Market, Brazil, Installed Capacity (GW), 2006-2025

Figure 24: Combined Heat and Power Market, Brazil, Share by Fuel Type (%), 2015

Figure 25: Combined Heat and Power Market, Brazil, Market Size ($m), 2006-2025

Figure 26: Combined Heat and Power Market, EMEA, Installed Capacity (GW), 2006-2025

Figure 27: Combined Heat and Power Market, EMEA, Cumulative Installed Capacity by Country (GW), 2006-2025

Figure 28: Combined Heat and Power Market, EMEA, Cumulative Installed Capacity Share by Country (%), 2015 and 2025

Figure 29: Combined Heat and Power Market, EMEA, Market Size ($m), 2006-2025

Figure 30: Combined Heat and Power Market, Germany, Installed Capacity (GW), 2006-2025

Figure 31: Combined Heat and Power Market, Germany, Share by Fuel Type (%), 2015

Figure 32: Combined Heat and Power Market, Germany, Share by Capacity Range (%), 2015

Figure 33: Combined Heat and Power Market, Germany, Market Size ($m), 2006-2025

Figure 34: Combined Heat and Power Market, Netherlands, Installed Capacity (GW), 2006-2025

Figure 35: Combined Heat and Power Market, Netherlands, Share by End-User Segment (%), 2015

Figure 36: Combined Heat and Power Market, Netherlands, Share by Fuel Type (%), 2015

Figure 37: Combined Heat and Power Market, Netherlands, Market Size ($m), 2006-2025

Figure 38: Combined Heat and Power Market, Russia, Installed Capacity (GW), 2006-2025

Figure 39: Combined Heat and Power Market, Russia, Share by End-User Segment (%), 2015

Figure 40: Combined Heat and Power Market, Russia, Share by Fuel Type (%), 2015

Figure 41: Combined Heat and Power Market, Russia, Market Size ($m), 2006-2025

Figure 42: Combined Heat and Power Market, UK, Installed Capacity (GW), 2006-2025

Figure 43: Combined Heat and Power Market, UK, Share by End-User Segment (%), 2015

Figure 44: Combined Heat and Power Market, UK, Share by Prime Mover (%), 2015

Figure 45: Combined Heat and Power Market, UK, Share by Fuel Type (%), 2015

Figure 46: Combined Heat and Power Market, UK, Share by Capacity Range (%), 2015

Figure 47: Combined Heat and Power Market, UK, Market Size ($m), 2006-2025

Figure 48: Combined Heat and Power Market, Asia-Pacific, Installed Capacity (GW), 2006-2025

Figure 49: Combined Heat and Power Market, Asia-Pacific, Cumulative Installed Capacity by Country (GW), 2006-2025

Figure 50: Combined Heat and Power Market, Asia-Pacific, Cumulative Installed Capacity Share by Country (%), 2015 and 2025

Figure 51: Combined Heat and Power Market, Asia-Pacific, Market Size ($m), 2006-2025

Figure 52: Combined Heat and Power Market, China, Installed Capacity (GW), 2006-2025

Figure 53: Combined Heat and Power Market, China, Market Size ($m), 2006-2025

Figure 54: Combined Heat and Power Market, India, Installed Capacity (GW), 2006-2025

Figure 55: Combined Heat and Power Market, India, Share by End-User Segment (%), 2015

Figure 56: Combined Heat and Power Market, India, Share by Prime Mover (%), 2015

Figure 57: Combined Heat and Power Market, India, Share by Fuel Type (%), 2015

Figure 58: Combined Heat and Power Market, India, Market Size ($m), 2006-2025

Figure 59: Combined Heat And Power Market, Japan, Installed Capacity (GW), 2006-2025

Figure 60: Combined Heat and Power Market, Japan, Share by End-User Segment (%), 2015

Figure 61: Combined Heat and Power Market, Japan, Share by Industrial End-User Segment (%), 2015

Figure 62: Combined Heat and Power Market, Japan, Share by Commercial End-User Segment (%), 2015

Figure 63: Combined Heat and Power Market, Japan, Share by Prime Mover (%), 2015

Figure 64: Combined Heat and Power Market, Japan, Share by Fuel Type (%), 2015

Figure 65: Combined Heat and Power Market, Japan, Market Size ($m), 2006-2025
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Combined heat and power installed capacity will approach 972 GW by 2025.

The market for combined heat and power (CHP), which produces electricity and usable heat in a single, highly-efficient process, is set to increase its installed capacity from 755.2 Gigawatts (GW) in 2016 to 971.9 GW by 2025, at a compound annual growth rate of 2.8%, according to research.

The company’s latest report states that the increasing global demand for electrical power and the simultaneous rise in environmental concerns and legislation are major drivers of the CHP market, along with increasing government incentives and policies to promote it.

Anchal Agarwal, the Analyst covering Power, notes: “CHP plants are attractive because they recover heat that is normally wasted in conventional power generation methods, which together have an efficiency of around 45%. CHP systems, however, can be up to 90% efficient, and are used in industrial, institutional, and large commercial applications. Utilities worldwide offer favorable policies, fiscal incentives, and related programs such as State Program Funding to encourage CHP.”

The report also states that Asia-Pacific (APAC) had the largest regional share in 2015, with 45.9% of global CHP installed capacity, attributable to countries such as China, India, and Japan. The share is expected to reach 48.5% of global installed capacity by 2025.

Agarwal explains: “One of the reasons for APAC’s dominance is that China and India are the top carbon emitters and largest polluter countries. Growing manufacturing, increasing electricity demand, and rising numbers of vehicles are the key contributors to pollution, and have forced governments to install CHP plants.

“The International Energy Agency established CHP installed capacity targets of 333 GW in China and 85 GW in India by 2030. These targets are expected to lead to the introduction of policy incentives, which will drive the growth of CHP installations. Favorable policies include those such as India’s Tariff Policy and Integrated Energy Policy to support CHP plants, and Japan’s cool earth innovative technology plan to boost installations in the country.”

- Comments provided by Anchal Agarwal, the Analyst covering Power.
- Information based on the report: Combined Heat and Power (CHP) Market -Market Size, Segmentation, Regulations and Key Country Analysis to 2025.
- This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by a team of industry experts.
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