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Combined Heat & Power Market Research Report by Product, Technology, Fuel, Range, Utility, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19

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    Report

  • 236 Pages
  • October 2022
  • Region: Global
  • 360iResearch™
  • ID: 4904714
UP TO OFF until Dec 31st 2022
The Global Combined Heat & Power Market size was estimated at USD 22.77 billion in 2021, USD 24.07 billion in 2022, and is projected to grow at a CAGR of 5.86% to reach USD 32.06 billion by 2027.

Market Statistics:

The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:

This research report categorizes the Combined Heat & Power to forecast the revenues and analyze the trends in each of the following sub-markets:
  • Based on Product, the market was studied across Large Scale and Small & Micro Scale.
  • Based on Technology, the market was studied across Fuel Cells, Gas Turbine, Micro CHP, Spark Ignition Reciprocating Engine, and Steam Turbine.
  • Based on Fuel, the market was studied across Biomass, Coal, Gasoline, and Natural Gas.
  • Based on Range, the market was studied across 100-200kw, 20-100kW, 200-500kw, < 20kW, and >500kw.
  • Based on Utility, the market was studied across On-demand and Permanent.
  • Based on Application, the market was studied across Commercial, Industries, and Residential.
  • Based on Region, the market was studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across Alaska, California, Illinois, Indiana, Louisiana, New York, Ohio, Pennsylvania, Texas, Vermont, West Virginia, and Wyoming. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

Cumulative Impact of COVID-19:

COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. The ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:

The publisher continuously monitors and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Combined Heat & Power market considering the current update on the conflict and its global response.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Combined Heat & Power Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:

The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Combined Heat & Power Market, including 2G Energy AG, ABB Limited, BDR Thermea Group, Capstone Green Energy Corporation, Caterpillar Inc., Centrica PLC, Clarke Energy Limited, Cummins Inc., E.ON SE, FuelCell Energy, Inc., General Electric Company, MAN Energy Solutions SE, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, Siemens AG, Tecogen, Inc., Veolia Environnement SA, and Wärtsilä Corporation.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Combined Heat & Power Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Combined Heat & Power Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Combined Heat & Power Market?
4. What is the competitive strategic window for opportunities in the Global Combined Heat & Power Market?
5. What are the technology trends and regulatory frameworks in the Global Combined Heat & Power Market?
6. What is the market share of the leading vendors in the Global Combined Heat & Power Market?
7. What modes and strategic moves are considered suitable for entering the Global Combined Heat & Power Market?
Frequently Asked Questions about the Global Combined Heat & Power Market

What is the estimated value of the Global Combined Heat & Power Market?

The Global Combined Heat & Power Market was estimated to be valued at $22.77 Billion in 2021.

What is the growth rate of the Global Combined Heat & Power Market?

The growth rate of the Global Combined Heat & Power Market is 5.8%, with an estimated value of $32.06 Billion by 2027.

What is the forecasted size of the Global Combined Heat & Power Market?

The Global Combined Heat & Power Market is estimated to be worth $32.06 Billion by 2027.

Who are the key companies in the Global Combined Heat & Power Market?

Key companies in the Global Combined Heat & Power Market include 2G Energy AG, ABB Limited, BDR Thermea Group, Capstone Green Energy Corporation, Caterpillar Inc., Centrica PLC, Clarke Energy Limited, Cummins Inc. and FuelCell Energy, Inc..

Table of Contents

FIGURE 1. GLOBAL COMBINED HEAT & POWER MARKET: RESEARCH PROCESS
FIGURE 2. GLOBAL COMBINED HEAT & POWER MARKET SIZE, 2021 VS 2027
FIGURE 3. GLOBAL COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 4. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY REGION, 2021 VS 2027 (%)
FIGURE 5. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY REGION, 2021 VS 2027 (USD MILLION)
FIGURE 6. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY REGION, 2027
FIGURE 7. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 8. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD MILLION)
FIGURE 9. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 10. GLOBAL COMBINED HEAT & POWER MARKET DYNAMICS
FIGURE 11. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY PRODUCT, 2021 VS 2027 (%)
FIGURE 12. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY PRODUCT, 2021 VS 2027 (USD MILLION)
FIGURE 13. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY PRODUCT, 2027
FIGURE 14. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY LARGE SCALE, 2018-2027 (USD MILLION)
FIGURE 15. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY SMALL & MICRO SCALE, 2018-2027 (USD MILLION)
FIGURE 16. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY TECHNOLOGY, 2021 VS 2027 (%)
FIGURE 17. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY TECHNOLOGY, 2021 VS 2027 (USD MILLION)
FIGURE 18. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY TECHNOLOGY, 2027
FIGURE 19. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY FUEL CELLS, 2018-2027 (USD MILLION)
FIGURE 20. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY GAS TURBINE, 2018-2027 (USD MILLION)
FIGURE 21. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY MICRO CHP, 2018-2027 (USD MILLION)
FIGURE 22. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY SPARK IGNITION RECIPROCATING ENGINE, 2018-2027 (USD MILLION)
FIGURE 23. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY STEAM TURBINE, 2018-2027 (USD MILLION)
FIGURE 24. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY FUEL, 2021 VS 2027 (%)
FIGURE 25. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY FUEL, 2021 VS 2027 (USD MILLION)
FIGURE 26. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY FUEL, 2027
FIGURE 27. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY BIOMASS, 2018-2027 (USD MILLION)
FIGURE 28. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY COAL, 2018-2027 (USD MILLION)
FIGURE 29. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY GASOLINE, 2018-2027 (USD MILLION)
FIGURE 30. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY NATURAL GAS, 2018-2027 (USD MILLION)
FIGURE 31. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY RANGE, 2021 VS 2027 (%)
FIGURE 32. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY RANGE, 2021 VS 2027 (USD MILLION)
FIGURE 33. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY RANGE, 2027
FIGURE 34. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY 100-200KW, 2018-2027 (USD MILLION)
FIGURE 35. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY 20-100KW, 2018-2027 (USD MILLION)
FIGURE 36. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY 200-500KW, 2018-2027 (USD MILLION)
FIGURE 37. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY < 20KW, 2018-2027 (USD MILLION)
FIGURE 38. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY >500KW, 2018-2027 (USD MILLION)
FIGURE 39. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY UTILITY, 2021 VS 2027 (%)
FIGURE 40. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY UTILITY, 2021 VS 2027 (USD MILLION)
FIGURE 41. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY UTILITY, 2027
FIGURE 42. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY ON-DEMAND, 2018-2027 (USD MILLION)
FIGURE 43. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY PERMANENT, 2018-2027 (USD MILLION)
FIGURE 44. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY APPLICATION, 2021 VS 2027 (%)
FIGURE 45. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY APPLICATION, 2021 VS 2027 (USD MILLION)
FIGURE 46. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY APPLICATION, 2027
FIGURE 47. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY COMMERCIAL, 2018-2027 (USD MILLION)
FIGURE 48. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY INDUSTRIES, 2018-2027 (USD MILLION)
FIGURE 49. GLOBAL COMBINED HEAT & POWER MARKET SIZE, BY RESIDENTIAL, 2018-2027 (USD MILLION)
FIGURE 50. AMERICAS COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 51. AMERICAS COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 52. AMERICAS COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD MILLION)
FIGURE 53. AMERICAS COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 54. ARGENTINA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 55. BRAZIL COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 56. CANADA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 57. MEXICO COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 58. UNITED STATES COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 59. UNITED STATES COMBINED HEAT & POWER MARKET SIZE, BY STATE, 2021 VS 2027 (%)
FIGURE 60. UNITED STATES COMBINED HEAT & POWER MARKET SIZE, BY STATE, 2021 VS 2027 (USD MILLION)
FIGURE 61. UNITED STATES COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY STATE, 2027
FIGURE 62. ASIA-PACIFIC COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 63. ASIA-PACIFIC COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 64. ASIA-PACIFIC COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD MILLION)
FIGURE 65. ASIA-PACIFIC COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 66. AUSTRALIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 67. CHINA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 68. INDIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 69. INDONESIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 70. JAPAN COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 71. MALAYSIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 72. PHILIPPINES COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 73. SINGAPORE COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 74. SOUTH KOREA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 75. TAIWAN COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 76. THAILAND COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 77. VIETNAM COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 78. EUROPE, MIDDLE EAST & AFRICA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 79. EUROPE, MIDDLE EAST & AFRICA COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (%)
FIGURE 80. EUROPE, MIDDLE EAST & AFRICA COMBINED HEAT & POWER MARKET SIZE, BY COUNTRY, 2021 VS 2027 (USD MILLION)
FIGURE 81. EUROPE, MIDDLE EAST & AFRICA COMBINED HEAT & POWER MARKET COMPETITIVE STRATEGIC WINDOW, BY COUNTRY, 2027
FIGURE 82. DENMARK COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 83. EGYPT COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 84. FINLAND COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 85. FRANCE COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 86. GERMANY COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 87. ISRAEL COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 88. ITALY COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 89. NETHERLANDS COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 90. NIGERIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 91. NORWAY COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 92. POLAND COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 93. QATAR COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 94. RUSSIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 95. SAUDI ARABIA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 96. SOUTH AFRICA COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 97. SPAIN COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 98. SWEDEN COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 99. SWITZERLAND COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 100. TURKEY COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 101. UNITED ARAB EMIRATES COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 102. UNITED KINGDOM COMBINED HEAT & POWER MARKET SIZE, 2018-2027 (USD MILLION)
FIGURE 103. GLOBAL COMBINED HEAT & POWER MARKET: FPNV POSITIONING MATRIX, 2021
FIGURE 104. GLOBAL COMBINED HEAT & POWER MARKET SHARE, BY KEY PLAYER, 2021
FIGURE 105. GLOBAL COMBINED HEAT & POWER MARKET COMPETITIVE SCENARIO, BY KEY TYPE, 2021

Companies Mentioned

  • 2G Energy AG
  • ABB Limited
  • BDR Thermea Group
  • Capstone Green Energy Corporation
  • Caterpillar Inc.
  • Centrica PLC
  • Clarke Energy Limited
  • Cummins Inc.
  • E.ON SE
  • FuelCell Energy, Inc.
  • General Electric Company
  • MAN Energy Solutions SE
  • Mitsubishi Heavy Industries, Ltd.
  • Robert Bosch GmbH
  • Siemens AG
  • Tecogen, Inc.
  • Veolia Environnement SA
  • Wärtsilä Corporation

Methodology

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