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Global Off-grid CHP Market - Growth, Trends, and Forecast (2018 - 2023)

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  • 121 Pages
  • April 2018
  • Region: Global
  • Mordor Intelligence
  • ID: 4520141
The global off-grid combined heat & power market is expected to witness considerable growth during the forecast period. The major factor driving the market is the supportive government CHP policies and the rise in energy efficiency targets.

Rising Environmental Concerns

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. In North America, various policy-support measures and regulations were introduced, such as American Recovery and Reinvestment Act, Power Plant Improvement Initiative, and Clean Energy Standard Act to encourage and promote off-grid CHP technology in the region. Additionally, a number of EU Member States have introduced laws or other support mechanisms to promote new off-grid CHP. Such measures include: legal provisions prescribing a mandatory CHP oriented energy audit in the case of new installations or major reconstructions above a given capacity (e.g., 5 MW in the Czech Republic).

Traditionally, off-grid combined heat and power plants have been owned and operated by industrial and institutional owners, who enjoy the efficiency benefits of onsite CHP. However, utilities across the world are opting for off-grid CHP technology for its multiple benefits, including cost-effective generation asset, system reliability and resiliency, environmental compliance pathway, among others.

Asia-Pacific is the Most Dominating Region

Governments in the Asia-Pacific region are promoting cogeneration technology through various long-term policies and financial incentives. Strong commitment from the governments of India, China and Indonesia, for the development of off-grid CHP, has led to various R&D initiatives and CHP installations. This in turn is expected to drive market for off-grid to a great extent during the forecast period.

Key Developments in the Market
  • June 2017: GE Oil & Gas signed an agreement for the provision of two of its new NovaLT12 gas turbines for cogeneration applications (CHP) to two paper mills in Tuscany, Italy, owned by Lucart Group, an Italian multinational, leader in the production of monolucid papers, tissue, and airlaid products in Europe.

The major players include - BDR Thermea Group, Bosch Thermotechnology, Ceres Power Holdings PLC, GE Power and Mitsubishi Hitachi Power Systems Ltd. amongst others.

Reason to Purchase this Report
  • Current and future off-grid CHP market outlook in the developed and emerging markets

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis

  • The segment that is expected to dominate the market

  • Regions that are expected to witness fastest growth during the forecast period

  • Identify the latest developments, market shares and strategies employed by the major market players.

  • 3 months analyst support along with the Market Estimate sheet (in excel).

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Table of Contents

1. Executive Summary2. Research Methodology
3. Market Overview
3.1 Introduction
3.2 Market Size and Demand Forecast until 2023
3.3 Recent Trends and Developments
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Supply Chain Analysis
6. Industry Attractiveness - Porter’s Five Forces Analysis
6.1 Bargaining Power of Suppliers
6.2 Bargaining Power of Consumers
6.3 Threat of New Entrants
6.4 Threat of Substitute Products and Services
6.5 Intensity of Competitive Rivalry
7. Market Segmentation and Analysis (Overview, Market Size and Demand Forecast until 2023)
7.1 By End-User
7.1.1 Industrial CHP
7.1.2 CHP With District Heating (Teleheating)
7.1.3 Combined Cooling, Heating & Power (CCHP Or Trigeneration) Packaged & Mini CHP Micro CHP
7.2 By Application
7.2.1 Residential
7.2.2 Commercial
7.3 By Technology
7.3.1 External Combustion Engine Stirling Engine Organic Rankine Cycle Engine
7.3.2 Internal Combustion Engine
7.3.3 Microturbines
7.3.4 Fuel Cell
7.3.5 Advanced Technologies Thermo-Photovoltaic Thermo-Ionic
7.3.6 Other Technologies Energy Storage Load Management Smart Grid
8. Regional Market Analysis (Overview, Market Size and Demand Forecast until 2023)
8.1 Asia-Pacific
8.1.1 China
8.1.2 South Korea
8.1.3 Japan
8.2 North America
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 United Kingdom
8.3.3 The Netherlands
8.3.4 Rest of Europe
8.4 South America
8.4.1 Brazil
8.4.2 Venezuela
8.4.3 Argentina
8.4.4 Rest of South America
8.5 Middle East & Africa
8.5.1 South Africa
8.5.2 UAE
8.5.4 Rest of Middle East & Africa
9. Company Profiles* (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
9.1 BDR Thermea Group
9.2 Bosch Thermotechnology
9.3 Caterpillar
9.4 Ceres Power Holdings PLC
9.5 COGEN Microsystems
9.6 GE Power
9.7 Kawasaki Heavy Industries
9.8 Mitsubishi Hitachi Power Systems
9.9 Seimens AG
9.10 SenerTec
9.11 Viessmann Werke
10. Competitive Landscape
10.1 Mergers & Acquisitions
10.2 Joint Ventures, Collaborations, and Agreements
10.3 Market Share Analysis
10.4 Strategies Adopted by Leading Players
11. Disclaimer
*List not exhaustive
**Subject to availability on public domain

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • BDR Thermea Group

  • Bosch Thermotechnology

  • Caterpillar

  • Ceres Power Holdings PLC

  • COGEN Microsystems

  • GE Power

  • Kawasaki Heavy Industries

  • Mitsubishi Hitachi Power Systems

  • Seimens AG

  • SenerTec

  • Viessmann Werke