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Combined Heat and Power Market by Capacity, Prime Mover, Fuel, End User and Region - Global Forecast to 2026

  • ID: 5475172
  • Report
  • November 2021
  • Region: Global
  • 276 Pages
  • Markets and Markets
Increased Trend of Distributed Power Generation Creating Huge Opportunity for Gas Turbine-Based CHP Market

FEATURED COMPANIES

  • 2G Energy
  • Bosch
  • Centrica
  • Cummins
  • Enexor Bioenergy
  • Helec Limited

The CHP market is projected to reach USD 35.2 billion by 2026 from an estimated USD 26.6 billion in initiatives to meet the future electricity demands and focusing on reducing carbon footprint by promoting the use of renewable energy sources to produce energy. It provides benefits such as a reduction in dependency on grid support due to on-site electricity generation, enhanced reliability, reduced costs of energy and initial setup, increased resiliency against power disruption, and reduction in harmful emissions.



The 10-150 MW segment by component is expected to grow at the highest CAGR from 2021 to 2026

Based on the component of CHP systems, the 10-150 MW component is estimated to be the fastest-growing market from 2019 to 2026. This segment consists of larger CHP plants mainly with reciprocating engines such as gas and diesel engines as prime movers, particularly used by industrial, commercial, and utilities end users. The demand for diesel power engines in this segment comes from utility-scale diesel power plants, large industrial plants, captive generation, and independent power producers (IPPs). 


Gas turbine segment by prime mover is expected to emerge as the largest segment for CHP implementation

The gas turbine segment, by prime mover, is projected to hold the highest market share during the forecast period. A gas turbine is a type of internal combustion (IC) engine where inlet air is compressed and sprayed with fuel. The mixture is thereafter ignited in a combustion chamber and allowed to flow at high temperature and pressure through the turbine. The gaseous mixture passes through the turbine nozzles, which further channelize the kinetic energy of the hot air flow onto the blades. The turbine blades, which are mounted on a rotor, rotate with the impact of the high-velocity air. The rotary motion is used to turn a shaft, which performs tasks such as driving an electric generator. Gas turbines are used for power generation and in the mechanical drives used by oil & gas and other industries. 


Asia Pacific: The largest CHP market

Asia Pacific is currently the largest CHP market, followed by Europe and North America. China accounted for the maximum share of the Asia Pacific market in 2020. It is also projected to grow at the highest CAGR from 2021 to 2026. The market is expected to grow due to rapid industrialization, urbanization, and economic growth in the region, leading to the installation of new CHP systems in various emerging economies. 


Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: 


  • By Company Type: Tier 1-65%, Tier 2-24%, and Tier 3-11%
  • By Designation: C-Level-30%, Director Level-25%, and Others-45%
  • By Region: Asia Pacific-50%, North America-20%, and  Europe-30%

Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 20120. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million


The leading players in the CHP market include GE (US), Siemens Energy (Germany), Veolia (France), Wärtsilä (Finland), 2G Energy (Germany).


Research Coverage:

The report defines, describes, and forecasts the global CHP market, by capacity, by a prime mover, by fuel, by end user and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value, and future trends in the CHP market.


Key Benefits of Buying the Report

1.    The report identifies and addresses the key markets for CHP, which would help CHP manufacturers review the growth in demand.
2.    The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges. 
3.    The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions. 


Frequently Asked Questions about the Global Combined Heat and Power Market

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

The Global Combined Heat and Power Market was estimated to be valued at $26.6 Billion in 2021.

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

The growth rate of the Global Combined Heat and Power Market is 5.8%, with an estimated value of $35.2 Billion by 2026.

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

The Global Combined Heat and Power Market is estimated to be worth $35.2 Billion by 2026.

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

Key companies in the Global Combined Heat and Power Market include 2G Energy, AB Holding, BDR Thermea Group, Bosch, Capstone Green Energy, Caterpillar, Centrica, Clarke Energy and Cummins.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 2G Energy
  • Bosch
  • Centrica
  • Cummins
  • Enexor Bioenergy
  • Helec Limited

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Inclusions and Exclusions
1.3.1 Combined Heat and Power Market, by End-user
1.3.2 Combined Heat and Power Market, by Capacity
1.3.3 Combined Heat and Power Market, by Prime Mover
1.3.4 Combined Heat and Power Market, by Fuel
1.4 Market Scope
1.4.1 Combined Heat and Power Market: Segmentation
1.4.2 Geographic Scope
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes


2 Research Methodology
2.1 Research Data
Figure 1 Combined Heat and Power Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key Data from Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data from Primary Sources
2.2.2.2 Breakdown of Primaries
Figure 3 Breakdown of Primaries
2.3 Impact of COVID-19
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Demand-Side Analysis
Figure 6 Main Metrics Considered while Analyzing and Assessing Demand for CHP
2.4.3.1 Demand-Side Calculation
2.4.3.2 Assumptions for Demand-Side Analysis
2.4.4 Supply-Side Analysis
Figure 7 Main Metrics Considered in Assessing Supply for CHP Market
Figure 8 Combined Heat and Power Market: Supply-Side Analysis
2.4.4.1 Supply-Side Calculation
2.4.4.2 Assumptions for Supply Side
2.4.5 Forecast


3 Executive Summary
Table 1 Snapshot of CHP Market
Figure 9 10-150 MW Segment to Account for Largest Share of CHP Market, by Capacity, from 2021-2026
Figure 10 Reciprocating Engine to Account for Largest Share of CHP Market, by Prime Mover, from 2021-2026
Figure 11 Natural Gas to Lead CHP Market, by Fuel, from 2021-2026
Figure 12 Industrial Segment to Dominate CHP Market, by End-user, from 2021-2026
Figure 13 Asia-Pacific Accounted for Largest Share of CHP Market in 2020


4 Premium Insights
4.1 Attractive Opportunities in CHP Market
Figure 14 Increasing Urbanization, Population, and Need to Reduce Carbon Emissions Would Propel Market Growth During 2021-2026
4.2 CHP Market in Asia-Pacific, by Fuel and Country
Figure 15 China Held Largest Share of Asia-Pacific CHP Market in 2020
4.3 CHP Market, by Capacity
Figure 16 10-150 MW Capacity Segment Held Largest Share of Global CHP Market in 2020
4.4 CHP Market, by Prime Mover
Figure 17 Reciprocating Engine Captured Largest Market Share in 2020
4.5 CHP Market, by Fuel
Figure 18 Natural Gas Accounted for Largest Share of CHP Market in 2020
4.6 CHP Market, by End-user
Figure 19 Industrial Segment Held Largest Share of CHP Market in 2020
4.7 CHP Market, by Region
Figure 20 Asia-Pacific to Record Highest CAGR in CHP Market During Forecast Period


5 Market Overview
5.1 Introduction
5.2 COVID-19 Health Assessment
Figure 21 COVID-19 Global Propagation
Figure 22 COVID-19 Propagation in Selected Countries
5.3 Road to Recovery
Figure 23 Recovery Road for 2020 and 2021
5.4 COVID-19 Economic Assessment
Figure 24 Revised Gdp for Selected G20 Countries in 2020
5.5 Market Dynamics
Figure 25 Combined Heat and Power Market: Drivers, Restraints, Opportunities, and Challenges
5.5.1 Drivers
5.5.1.1 Government Programs and Incentives to Promote CHP
5.5.1.2 Rise in Use of Natural Gas for Power Generation
Figure 26 Power Generation from Natural Gas, 2019 & 2020
Figure 27 Global Natural Gas Consumption
5.5.1.3 Significant Benefits of CHP Systems in Wastewater Treatment Facilities
Table 2 Wastewater Treatment Facilities with CHP Systems in the US
5.5.2 Restraints
5.5.2.1 Increased Installation and Maintenance Costs of CHP Systems
5.5.2.2 Existence of Competing Technologies Resulting in Lack of Interest in Development of CHP Systems
5.5.2.3 Rising Concerns Over Stable Natural Gas Supply for CHP Systems
5.5.3 Opportunities
5.5.3.1 Rise in Deployment of Micro-CHP Systems
Figure 28 Fuel Cell Micro-CHP Installations in Japan, 2009-2017
5.5.3.2 Replacement/Upgrade of Aged Power Generation Equipment
5.5.3.3 Increased Trend of Distributed Power Generation Creating Huge Opportunity for Gas Turbine-Based CHP Market
5.5.4 Challenges
5.5.4.1 Damage to Prime Movers due to Impurities in Biogas Fueled CHP Plans
Table 3 CHP Prime Mover Tolerance to Biogas Contaminants
5.5.4.2 Challenges Posed by Utilities for Sale of Excess Electricity by CHP Plants
5.5.4.3 Stability Issues Related to Decentralization of Energy Generation
5.6 Trends and Disruptions Impacting Customers
5.6.1 Revenue Shift and New Revenue Pockets for CHP Companies
Figure 29 Revenue Shift for Combined Heat and Power Market
5.7 Market Map
Figure 30 Combined Heat and Power Market Map
5.8 Pricing Analysis
Table 4 Comparison of Installation Cost of Combined Heat and Power (CHP) Systems, by Prime Mover
5.9 Supply Chain Analysis
Figure 31 Combined Heat and Power Market: Supply Chain Analysis
5.9.1 Raw Material Providers/Suppliers
5.9.2 CHP Equipment Manufacturers
5.9.3 CHP Services/Solutions Providers and Project Developers
5.9.4 CHP Operators/End-users
5.10 Technology Analysis
5.10.1 Different Technologies Incorporated in CHP Plants
5.11 Codes and Regulations
Table 5 Combined Heat and Power Market: Codes and Regulations
5.12 Innovations and Patent Registrations
Table 6 Combined Heat and Power Market: Innovations and Patent Registrations, March 2016-August 2021
5.13 Porter's Five Forces Analysis
Figure 32 Porter's Five Forces Analysis for Combined Heat and Power Market
Table 7 Impact of Each Force on Combined Heat and Power Market
5.13.1 Threat of Substitutes
5.13.2 Bargaining Power of Suppliers
5.13.3 Bargaining Power of Buyers
5.13.4 Threat of New Entrants
5.13.5 Intensity of Competitive Rivalry
5.14 Case Studies
5.14.1 to Reduce Carbon Emissions from CHP Plant and Enable Further Growth in Sodium Bicarbonate Production
5.14.2 Need to Reduce Overall Carbon Footprint to Meet Carbon Reduction Target of Nhs
5.14.3 Centrica Business Solutions Helped Reduce Energy Costs by Installing CHP Units
5.14.4 Southend Hospital Reaps Financial Benefits of Combined Heat and Power System Since Its Commissioning in 2017


6 CHP Market, by Capacity
6.1 Introduction
Figure 33 CHP Market, by Capacity, 2020 (%)
Table 8 CHP Market, by Capacity, 2019-2026 (USD Million)
6.2 Up to 10 MW 
6.2.1 Increased Investments in Residential and Commercial Projects to Drive Growth of this Segment
Table 9 CHP Market for Up to 10 MW Capacity, by Region, 2019-2026 (USD Million)
6.3 10-150 MW 
6.3.1 Large Demand for CHP Installations for 10-150 MW Capacity from Industrial Sector
Table 10 CHP Market for 10-150 MW Capacity, by Region, 2019-2026 (USD Million)
6.4 151-300 MW 
6.4.1 Market
Table 11 CHP Market for 151-300 MW Capacity, by Region, 2019-2026 (USD Million)
6.5 Above 300 MW 
6.5.1 Rising Focus of Utilities on Cost-Efficient and Cleaner Powering Fuels is Likely to Create Demand for CHPs from Utilities
Table 12 CHP Market for Capacity Above 300 MW, by Region, 2019-2026 (USD Million)


7 CHP Market, by Prime Mover
7.1 Introduction
Figure 34 CHP Market, by Prime Mover, 2020 (%)
Table 13 CHP Market, by Prime Mover, 2019-2026 (USD Million)
7.2 Gas Turbine
7.2.1 High-Temperature Heat Generated from Turbines Can be Used for Generation of High-Pressure Steam
Table 14 CHP Market for Gas Turbine, by Region, 2019-2026 (USD Million)
7.3 Steam Turbine
7.3.1 Flexibility of Steam Turbines Has Increased Their Use in CHP Industry
Table 15 CHP Market for Steam Turbine, by Region, 2019-2026 (USD Million)
7.4 Reciprocating Engine
7.4.1 High Efficiency and Reliability is Leading to Increasing Use of Reciprocating Engines in CHP Plants
Table 16 CHP Market for Reciprocating Engine, by Region, 2019-2026 (USD Million)
7.5 Fuel Cell
7.5.1 Rising Demand for Cleaner Power Generation is Driving CHP Market for Fuel Cell
Table 17 CHP Market for Fuel Cell, by Region, 2019-2026 (USD Million)
7.6 Microturbine
7.6.1 Low Carbon Emissions of Microturbines Drive this Segment in CHP Market
Table 18 CHP Market for Microturbine, by Region, 2019-2026 (USD Million)
7.7 Others (Stirling Engines and Combined Cycle)
7.7.1 Combined Cycle Power Plants Produce 50% More Electricity Compared with Traditional Simple-Cycle Plants
Table 19 CHP Market for Others, by Region, 2019-2026 (USD Million)


8 CHP Market, by Fuel
8.1 Introduction
Figure 35 CHP Market, by Fuel, 2020 (%)
Table 20 CHP Market, by Fuel, 2019-2026 (USD Million)
8.2 Coal
8.2.1 Widespread Use of Coal for Electricity Generation Drives Growth of this Segment
Table 21 Coal-Based CHP Market, by Region, 2019-2026 (USD Million)
8.3 Natural Gas
8.3.1 Increasing Need for Clean-Burning Fuels Drives Growth of Natural Gas-Based CHP Plants
Table 22 Natural Gas-Based CHP Market, by Region, 2019-2026 (USD Million)
8.4 Biogas/Biomass
8.4.1 Rising Co2 Emissions Concerns are Leading Companies to Switch from Nonrenewabe Fuels to Biogas-/Biomass
Table 23 Biogas/Biomass-Based CHP Market, by Region, 2019-2026 (USD Million)
8.5 Nuclear
8.5.1 Environmental Benefits Offered by Nuclear Systems are Driving CHP Market
Table 24 Nuclear-Based CHP Market, by Region, 2019-2026 (USD Million)
8.6 Diesel
8.6.1 Demand for Backup Power to Drive Growth of Diesel-Based CHP Plants
Table 25 Diesel-Based CHP Market, by Region, 2019-2026 (USD Million)
8.7 Others
8.7.1 Increasing Awareness for Reducing Harmful Emissions is Driving this Segment
Table 26 Other Fuel-Based CHP Market, by Region, 2019-2026 (USD Million)


9 CHP Market, by End-user
9.1 Introduction
Figure 36 CHP Market, by End-user, 2020 (%)
Table 27 CHP Market, by End-user, 2019-2026 (USD Million)
9.2 Residential
9.2.1 Growing Need to Reduce Carbon Emissions and Dependence on Centralized Power Generation Drives Market Growth in Residential Segment
Table 28 CHP Market for Residential, by Region, 2019-2026 (USD Million)
9.3 Commercial
9.3.1 Increasing Need for Systems Offering Environment-Friendly Benefits to Meet Huge Energy Requirements is Driving Market Growth in this Segment
Table 29 CHP Market for Commercial, by Region, 2019-2026 (USD Million)
9.4 Industrial
9.4.1 Growing Demand for Reliable Power Supply is Driving CHP Market for Industrial Sector
Table 30 CHP Market for Industrial, by Region, 2019-2026 (USD Million)
9.5 Utilities
9.5.1 Rising Focus of Utilities on Cost-Efficient and Cleaner Powering Fuels is Likely to Create Demand for CHP Systems
Table 31 CHP Market for Utilities, by Region, 2019-2026 (USD Million)


10 Geographic Analysis
10.1 Introduction
Figure 37 CHP Market in Asia-Pacific to Grow at Highest CAGR from 2021 to 2026
Figure 38 CHP Market Share for Each Region, 2020 (%)
Table 32 CHP Market, by Region, 2019-2026 (USD Million)
10.2 Asia-Pacific
Figure 39 Asia-Pacific: Snapshot of CHP Market, 2020
10.2.1 By Capacity
Table 33 CHP Market in Asia-Pacific, by Capacity, 2019-2026 (USD Million)
10.2.2 By Prime Mover
Table 34 CHP Market in Asia-Pacific, by Prime Mover, 2019-2026 (USD Million)
10.2.3 By Fuel
Table 35 CHP Market in Asia-Pacific, by Fuel, 2019-2026 (USD Million)
10.2.4 By End-user
Table 36 CHP Market in Asia-Pacific, by End-user, 2019-2026 (USD Million)
10.2.5 By Country
Table 37 CHP Market in Asia-Pacific, by Country, 2019-2026 (USD Million)
10.2.5.1 China
10.2.5.1.1 Rapid Industrialization and Infrastructural Development are Leading to Increasing Demand for Electricity
10.2.5.1.2 By Capacity
Table 38 CHP Market in China, by Capacity, 2019-2026 (USD Million)
10.2.5.1.3 By Prime Mover
Table 39 CHP Market in China, by Prime Mover, 2019-2026 (USD Million)
10.2.5.1.4 By Fuel
Table 40 CHP Market in China, by Fuel, 2019-2026 (USD Million)
10.2.5.1.5 By End-user
Table 41 CHP Market in China, by End-user, 2019-2026 (USD Million)
10.2.5.2 Japan
10.2.5.2.1 Plans to Promote Distributed Power Generation by Residential and Commercial End-users are Driving CHP Market in Japan
10.2.5.2.2 By Capacity
Table 42 CHP Market in Japan, by Capacity, 2019-2026 (USD Million)
10.2.5.2.3 By Prime Mover
Table 43 CHP Market in Japan, by Prime Mover, 2019-2026 (USD Million)
10.2.5.2.4 By Fuel
Table 44 CHP Market in Japan, by Fuel, 2019-2026 (USD Million)
10.2.5.2.5 By End-user
Table 45 CHP Market in Japan, by End-user, 2019-2026 (USD Million)
10.2.5.3 South Korea
10.2.5.3.1 Goal of Reducing Greenhouse Emissions Has Led to Increase in Installation of CHP Plants
10.2.5.3.2 By Capacity
Table 46 CHP Market in South Korea, by Capacity, 2019-2026 (USD Million)
10.2.5.3.3 By Prime Mover
Table 47 CHP Market in South Korea, by Prime Mover, 2019-2026 (USD Million)
10.2.5.3.4 By Fuel
Table 48 CHP Market in South Korea, by Fuel, 2019-2026 (USD Million)
10.2.5.3.5 By End-user
Table 49 CHP Market in South Korea, by End-user, 2019-2026 (USD Million)
10.2.5.4 Australia
10.2.5.4.1 Government Initiatives to Provide Incentives for Installing Clean and Energy-Efficient Technologies are Driving Australian CHP Market
10.2.5.4.2 By Capacity
Table 50 CHP Market in Australia, by Capacity, 2019-2026 (USD Million)
10.2.5.4.3 By Prime Mover
Table 51 CHP Market in Australia, by Prime Mover, 2019-2026 (USD Million)
10.2.5.4.4 By Fuel
Table 52 CHP Market in Australia, by Fuel, 2019-2026 (USD Million)
10.2.5.4.5 By End-user
Table 53 CHP Market in Australia, by End-user, 2019-2026 (USD Million)
10.2.5.5 India
10.2.5.5.1 Increased Demand for Electricity from Industrial and Commercial Segments to Drive Market
10.2.5.5.2 By Capacity
Table 54 CHP Market in India, by Capacity, 2019-2026 (USD Million)
10.2.5.5.3 By Prime Mover
Table 55 CHP Market in India, by Prime Mover, 2019-2026 (USD Million)
10.2.5.5.4 By Fuel
Table 56 CHP Market in India, by Fuel, 2019-2026 (USD Million)
10.2.5.5.5 By End-user
Table 57 CHP Market in India, by End-user, 2019-2026 (USD Million)
10.2.5.6 Rest of Asia-Pacific
10.2.5.6.1 By Capacity
Table 58 CHP Market in Rest of Asia-Pacific, by Capacity, 2019-2026 (USD Million)
10.2.5.6.2 By Prime Mover
Table 59 CHP Market in Rest of Asia-Pacific, by Prime Mover, 2019-2026 (USD Million)
10.2.5.6.3 By Fuel
Table 60 CHP Market in Rest of Asia-Pacific, by Fuel, 2019-2026 (USD Million)
10.2.5.6.4 By End-user
Table 61 CHP Market in Rest of Asia-Pacific, by End-user, 2019-2026 (USD Million)
10.3 Europe
Figure 40 Europe: Snapshot of CHP Market, 2020
10.3.1 By Capacity
Table 62 CHP Market in Europe, by Capacity, 2019-2026 (USD Million)
10.3.2 By Prime Mover
Table 63 CHP Market in Europe, by Prime Mover, 2019-2026 (USD Million)
10.3.3 By Fuel
Table 64 CHP Market in Europe, by Fuel, 2019-2026 (USD Million)
10.3.4 By End-user
Table 65 CHP Market in Europe, by End-user, 2019-2026 (USD Million)
10.3.5 By Country
Table 66 CHP Market in Europe, by Country, 2019-2026 (USD Million)
10.3.5.1 Germany
10.3.5.1.1 Huge Manufacturing Sector and Its Increasing Demand for Electricity Has Led to Increase in CHP Installations
10.3.5.1.2 By Capacity
Table 67 CHP Market in Germany, by Capacity, 2019-2026 (USD Million)
10.3.5.1.3 By Prime Mover
Table 68 CHP Market in Germany, by Prime Mover, 2019-2026 (USD Million)
10.3.5.1.4 By Fuel
Table 69 CHP Market in Germany, by Fuel, 2019-2026 (USD Million)
10.3.5.1.5 By End-user
Table 70 CHP Market in Germany, by End-user, 2019-2026 (USD Million)
10.3.5.2 UK
10.3.5.2.1 Increasing Need for Efficient Power Generation is Expected to Drive Uk's CHP Market
10.3.5.2.2 By Capacity
Table 71 CHP Market in Uk, by Capacity, 2019-2026 (USD Million)
10.3.5.2.3 By Prime Mover
Table 72 CHP Market in Uk, by Prime Mover, 2019-2026 (USD Million)
10.3.5.2.4 By Fuel
Table 73 CHP Market in Uk, by Fuel, 2019-2026 (USD Million)
10.3.5.2.5 By End-user
Table 74 CHP Market in Uk, by End-user, 2019-2026 (USD Million)
10.3.5.3 Russia
10.3.5.3.1 Large Planned Investments for Increasing Power Generation Capacity is Leading to Rise in CHP Installations
10.3.5.3.2 By Capacity
Table 75 CHP Market in Russia, by Capacity, 2019-2026 (USD Million)
10.3.5.3.3 By Prime Mover
Table 76 CHP Market in Russia, by Prime Mover, 2019-2026 (USD Million)
10.3.5.3.4 By Fuel
Table 77 CHP Market in Russia, by Fuel, 2019-2026 (USD Million)
10.3.5.3.5 By End-user
Table 78 CHP Market in Russia, by End-user, 2019-2026 (USD Million)
10.3.5.4 France
10.3.5.4.1 Increased Foreign Direct Investments in Manufacturing Sector are Driving Growth
10.3.5.4.2 By Capacity
Table 79 CHP Market in France, by Capacity, 2019-2026 (USD Million)
10.3.5.4.3 By Prime Mover
Table 80 CHP Market in France, by Prime Mover, 2019-2026 (USD Million)
10.3.5.4.4 By Fuel
Table 81 CHP Market in France, by Fuel, 2019-2026 (USD Million)
10.3.5.4.5 By End-user
Table 82 CHP Market in France, by End-user, 2019-2026 (USD Million)
10.3.5.5 Italy
10.3.5.5.1 Rising Demand for Higher Overall Energy Efficiency is Likely to Drive CHP Market
10.3.5.5.2 By Capacity
Table 83 CHP Market in Italy, by Capacity, 2019-2026 (USD Million)
10.3.5.5.3 By Prime Mover
Table 84 CHP Market in Italy, by Prime Mover, 2019-2026 (USD Million)
10.3.5.5.4 By Fuel
Table 85 CHP Market in Italy, by Fuel, 2019-2026 (USD Million)
10.3.5.5.5 By End-user
Table 86 CHP Market in Italy, by End-user, 2019-2026 (USD Million)
10.3.5.6 Rest of Europe
10.3.5.6.1 By Capacity
Table 87 CHP Market in Rest of Europe, by Capacity, 2019-2026 (USD Million)
10.3.5.6.2 By Prime Mover
Table 88 CHP Market in Rest of Europe, by Prime Mover, 2019-2026 (USD Million)
10.3.5.6.3 By Fuel
Table 89 CHP Market in Rest of Europe, by Fuel, 2019-2026 (USD Million)
10.3.5.6.4 By End-user
Table 90 CHP Market in Rest of Europe, by End-user, 2019-2026 (USD Million)
10.4 North America
10.4.1 By Capacity
Table 91 CHP Market in North America, by Capacity, 2019-2026 (USD Million)
10.4.2 By Prime Mover
Table 92 CHP Market in North America, by Prime Mover, 2019-2026 (USD Million)
10.4.3 By Fuel
Table 93 CHP Market in North America, by Fuel, 2019-2026 (USD Million)
10.4.4 By End-user
Table 94 CHP Market in North America, by End-user, 2019-2026 (USD Million)
10.4.5 By Country
Table 95 CHP Market in North America, by Country, 2019-2026 (USD Million)
10.4.5.1 US
10.4.5.1.1 Programs to Promote CHP are Driving Its Market in US
10.4.5.1.2 By Capacity
Table 96 CHP Market in Us, by Capacity, 2019-2026 (USD Million)
10.4.5.1.3 By Prime Mover
Table 97 CHP Market in Us, by Prime Mover, 2019-2026 (USD Million)
10.4.5.1.4 By Fuel
Table 98 CHP Market in Us, by Fuel, 2019-2026 (USD Million)
10.4.5.1.5 By End-user
Table 99 CHP Market in Us, by End-user, 2019-2026 (USD Million)
10.4.5.2 Canada
10.4.5.2.1 Power Requirements of Highly Scattered Population Leading to Increasing Installations of CHP Plants
10.4.5.2.2 By Capacity
Table 100 CHP Market in Canada, by Capacity, 2019-2026 (USD Million)
10.4.5.2.3 By Prime Mover
Table 101 CHP Market in Canada, by Prime Mover, 2019-2026 (USD Million)
10.4.5.2.4 By Fuel
Table 102 CHP Market in Canada, by Fuel, 2019-2026 (USD Million)
10.4.5.2.5 By End-user
Table 103 CHP Market in Canada, by End-user, 2019-2026 (USD Million)
10.4.5.3 Mexico
10.4.5.3.1 Governmental Push for Cleaner Electricity Production is Driving CHP Market
10.4.5.3.2 By Capacity
Table 104 CHP Market in Mexico, by Capacity, 2019-2026 (USD Million)
10.4.5.3.3 By Prime Mover
Table 105 CHP Market in Mexico, by Prime Mover, 2019-2026 (USD Million)
10.4.5.3.4 By Fuel
Table 106 CHP Market in Mexico, by Fuel, 2019-2026 (USD Million)
10.4.5.3.5 By End-user
Table 107 CHP Market in Mexico, by End-user, 2019-2026 (USD Million)
10.5 Middle East & Africa (Mea)
10.5.1 By Capacity
Table 108 CHP Market in Mea, by Capacity, 2019-2026 (USD Million)
10.5.2 By Prime Mover
Table 109 CHP Market in Mea, by Prime Mover, 2019-2026 (USD Million)
10.5.3 By Fuel
Table 110 CHP Market in Mea, by Fuel, 2019-2026 (USD Million)
10.5.4 By End-user
Table 111 CHP Market in Mea, by End-user, 2019-2026 (USD Million)
10.5.5 By Country
Table 112 CHP Market in Mea, by Country, 2019-2026 (USD Million)
10.5.5.1 Saudi Arabia
10.5.5.1.1 Emerging Trend of Clean Power is Likely to Drive CHP Market in Saudi Arabia
10.5.5.1.2 By Capacity
Table 113 CHP Market in Saudi Arabia, by Capacity, 2019-2026 (USD Million)
10.5.5.1.3 By Prime Mover
Table 114 CHP Market in Saudi Arabia, by Prime Mover, 2019-2026 (USD Million)
10.5.5.1.4 By Fuel
Table 115 CHP Market in Saudi Arabia, by Fuel, 2019-2026 (USD Million)
10.5.5.1.5 By End-user
Table 116 CHP Market in Saudi Arabia, by End-user, 2019-2026 (USD Million)
10.5.5.2 UAE
10.5.5.2.1 Increasing Share of Renewables in Uae's Electricity Generation Mix is Likely to Drive Its CHP Market
10.5.5.2.2 By Capacity
Table 117 CHP Market in Uae, by Capacity, 2019-2026 (USD Million)
10.5.5.2.3 By Prime Mover
Table 118 CHP Market in Uae, by Prime Mover, 2019-2026 (USD Million)
10.5.5.2.4 By Fuel
Table 119 CHP Market in Uae, by Fuel, 2019-2026 (USD Million)
10.5.5.2.5 By End-user
Table 120 CHP Market in Uae, by End-user, 2019-2026 (USD Million)
10.5.5.3 Turkey
10.5.5.3.1 Requirement of Sustainable Economic Growth and Energy Security Drives CHP Market
10.5.5.3.2 By Capacity
Table 121 CHP Market in Turkey, by Capacity, 2019-2026 (USD Million)
10.5.5.3.3 By Prime Mover
Table 122 CHP Market in Turkey, by Prime Mover, 2019-2026 (USD Million)
10.5.5.3.4 By Fuel
Table 123 CHP Market in Turkey, by Fuel, 2019-2026 (USD Million)
10.5.5.3.5 By End-user
Table 124 CHP Market in Turkey, by End-user, 2019-2026 (USD Million)
10.5.5.4 Nigeria
10.5.5.4.1 CHP is Used to Fulfill Domestic Demand for Electricity
10.5.5.4.2 By Capacity
Table 125 CHP Market in Nigeria, by Capacity, 2019-2026 (USD Million)
10.5.5.4.3 By Prime Mover
Table 126 CHP Market in Nigeria, by Prime Mover, 2019-2026 (USD Million)
10.5.5.4.4 By Fuel
Table 127 CHP Market in Nigeria, by Fuel, 2019-2026 (USD Million)
10.5.5.4.5 By End-user
Table 128 CHP Market in Nigeria, by End-user, 2019-2026 (USD Million)
10.5.5.5 South Africa
10.5.5.5.1 Demand for Reliable Power Supply and Plans to Limit Carbon Emissions Have Increased Domestic Demand for CHP
10.5.5.5.2 By Capacity
Table 129 CHP Market in South Africa, by Capacity, 2019-2026 (USD Million)
10.5.5.5.3 By Prime Mover
Table 130 CHP Market in South Africa, by Prime Mover, 2019-2026 (USD Million)
10.5.5.5.4 By Fuel
Table 131 CHP Market in South Africa, by Fuel, 2019-2026 (USD Million)
10.5.5.5.5 By End-user
Table 132 CHP Market in South Africa, by End-user, 2019-2026 (USD Million)
10.5.5.6 Algeria
10.5.5.6.1 Demand to Reduce Co2 Emissions and Add Renewables to Energy Mix to Drive Market
10.5.5.6.2 By Capacity
Table 133 CHP Market in Algeria, by Capacity, 2019-2026 (USD Million)
10.5.5.6.3 By Prime Mover
Table 134 CHP Market in Algeria, by Prime Mover, 2019-2026 (USD Million)
10.5.5.6.4 By Fuel
Table 135 CHP Market in Algeria, by Fuel, 2019-2026 (USD Million)
10.5.5.6.5 By End-user
Table 136 CHP Market in Algeria, by End-user, 2019-2026 (USD Million)
10.5.5.7 Rest of Middle East & Africa (Mea)
10.5.5.7.1 By Capacity
Table 137 CHP Market in Rest of Mea, by Capacity, 2019-2026 (USD Million)
10.5.5.7.2 By Prime Mover
Table 138 CHP Market in Rest of Mea, by Prime Mover, 2019-2026 (USD Million)
10.5.5.7.3 By Fuel
Table 139 CHP Market in Rest of Mea, by Fuel, 2019-2026 (USD Million)
10.5.5.7.4 By End-user
Table 140 CHP Market in Rest of Mea, by End-user, 2019-2026 (USD Million)
10.6 South America
10.6.1 By Capacity
Table 141 CHP Market in South America, by Capacity, 2019-2026 (USD Million)
10.6.2 By Prime Mover
Table 142 CHP Market in South America, by Prime Mover, 2019-2026 (USD Million)
10.6.3 By Fuel
Table 143 CHP Market in South America, by Fuel, 2019-2026 (USD Million)
10.6.4 By End-user
Table 144 CHP Market in South America, by End-user, 2019-2026 (USD Million)
10.6.5 By Country
Table 145 CHP Market in South America, by Country, 2019-2026 (USD Million)
10.6.5.1 Brazil
10.6.5.1.1 Growing Power Demand from Industrial Sector is Likely to Drive Brazilian CHP Market
10.6.5.1.2 By Capacity
Table 146 CHP Market in Brazil, by Capacity, 2019-2026 (USD Million)
10.6.5.1.3 By Prime Mover
Table 147 CHP Market in Brazil, by Prime Mover, 2019-2026 (USD Million)
10.6.5.1.4 By Fuel
Table 148 CHP Market in Brazil, by Fuel, 2019-2026 (USD Million)
10.6.5.1.5 By End-user
Table 149 CHP Market in Brazil, by End-user, 2019-2026 (USD Million)
10.6.5.2 Argentina
10.6.5.2.1 Increased Power Demand and Unreliable Power Supply to Drive Market
10.6.5.2.2 By Capacity
Table 150 CHP Market in Argentina, by Capacity, 2019-2026 (USD Million)
10.6.5.2.3 By Prime Mover
Table 151 CHP Market in Argentina, by Prime Mover, 2019-2026 (USD Million)
10.6.5.2.4 By Fuel
Table 152 CHP Market in Argentina, by Fuel, 2019-2026 (USD Million)
10.6.5.2.5 By End-user
Table 153 CHP Market in Argentina, by End-user, 2019-2026 (USD Million)
10.6.5.3 Rest of South America
10.6.5.3.1 By Capacity
Table 154 CHP Market in Rest of South America, by Capacity, 2019-2026 (USD Million)
10.6.5.3.2 By Prime Mover
Table 155 CHP Market in Rest of South America, by Prime Mover, 2019-2026 (USD Million)
10.6.5.3.3 By Fuel
Table 156 CHP Market in Rest of South America, by Fuel, 2019-2026 (USD Million)
10.6.5.3.4 By End-user
Table 157 CHP Market in Rest of South America, by End-user, 2019-2026 (USD Million)


11 Competitive Landscape
11.1 Key Player Strategies
Table 158 Overview of Top Players, January 2017- March 2021
11.2 Market Share Analysis of Top Five Players
Table 159 CHP Market: Degree of Competition
Figure 41 CHP Market Share Analysis, 2020
11.3 Revenue Analysis of Top Five Market Players
Figure 42 Five-Year Revenue Analysis of Top Five Players
11.4 Company Evaluation Quadrant
11.4.1 Star
11.4.2 Pervasive
11.4.3 Emerging Leader
11.4.4 Participant
Figure 43 Company Evaluation Quadrant: CHP Market, 2020
Table 160 Company Product Footprint
Table 161 By Capacity Footprint
Table 162 By Prime Mover Footprint
Table 163 By End-user Footprint
Table 164 By Region Footprint
11.5 Competitive Scenario
Table 165 CHP Market: Product Launches, January 2017-September 2021
Table 166 CHP Market: Deals, January 2017-December 2020
Table 167 CHP Market: Other Developments, July 2017-September 2021


12 Company Profiles
12.1 Key Players
(Business and Financial Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View)*
12.1.1 General Electric
Table 168 General Electric: Business Overview
Table 169 General Electric: Products/Services/Solutions Offered
Table 170 General Electric: Product Launches and Developments
Table 171 General Electric: Deals
Table 172 General Electric: Others
12.1.2 Siemens Energy
Table 173 Siemens Energy: Business Overview
Table 174 Siemens Energy: Products/Services/Solutions Offered
Table 175 Siemens Energy: Deals
Table 176 Siemens Energy: Others
12.1.3 Veolia
Table 177 Veolia: Business Overview
Table 178 Veolia: Products/Services/Solutions Offered
Table 179 Veolia: Deals
Table 180 Veolia: Others
12.1.4 Wärtsilä
Table 181 Wärtsilä: Business Overview
Figure 47 Wärtsilä: Company Snapshot
Table 182 Wärtsilä: Products/Services/Solutions Offered
Table 183 Wärtsilä: Deals
Table 184 Wärtsilä: Others
12.1.5 2G Energy
Table 185 2G Energy: Business Overview
Figure 48 2G Energy: Company Snapshot
Table 186 2G Energy: Products/Services/Solutions Offered
Table 187 2G Energy: Product Launches and Developments
Table 188 2G Energy: Deals
Table 189 2G Energy: Others
12.1.6 Man Energy Solutions
Table 190 Man Energy Solutions: Business Overview
Figure 49 Man Energy Solutions: Company Snapshot
Table 191 Man Energy Solutions: Products/Services/Solutions Offered
Table 192 Man Energy Solutions: Others
12.1.7 Mitsubishi Heavy Industries
Table 193 Mitsubishi Heavy Industries: Business Overview
Figure 50 Mitsubishi Heavy Industries: Company Snapshot
Table 194 Mitsubishi Heavy Industries: Products/Services/Solutions Offered
Table 195 Mitsubishi Heavy Industries: Deals
Table 196 Mitsubishi Heavy Industries: Others
12.1.8 Clarke Energy
Table 197 Clarke E Energy: Business Overview
Table 198 Clarke Energy: Products/Services/Solutions Offered
Table 199 Clarke Energy: Product Launches and Developments
Table 200 Clarke Energy: Others
12.1.9 Caterpillar
Table 201 Caterpillar: Business Overview
Figure 51 Caterpillar: Company Snapshot
Table 202 Caterpillar: Products/Services/Solutions Offered
Table 203 Caterpillar: Product Launches and Developments
Table 204 Caterpillar: Others
12.1.10 Ab Holding
Table 205 Ab Holding: Business Overview
Table 206 Ab Holding: Products/Services/Solutions Offered
Table 207 Ab Holding: Others
12.1.11 Fuelcell Energy
Table 208 Fuelcell Energy: Business Overview
Figure 52 Fuelcell Energy: Company Snapshot
Table 209 Fuelcell Enegry: Products/Services/Solutions Offered
Table 210 Fuelcell Energy: Product Launches and Developments
Table 211 Fuel Cell Energy: Others
12.1.12 Capstone Green Energy
Table 212 Capstone Green Energy: Business Overview
Figure 53 Capstone Green Energy: Company Snapshot
Table 213 Capstone Green Energy: Products/Services/Solutions Offered
Table 214 Capstone Green Energy: Product Launches and Developments
Table 215 Capstone Green Energy: Deals
Table 216 Capstone Green Energy: Others
12.1.13 E.On
Table 217 E.On: Business Overview
Table 218 E.On: Products/Services/Solutions Offered
Table 219 E.On: Product Launches and Developments
Table 220 E.On: Deals
Table 221 E.On: Others
12.1.14 Cummins
Table 222 Cummins: Business Overview
Table 223 Cummins: Products/Services/Solutions Offered
Table 224 Cummins: Product Launches and Developments
Table 225 Cummins: Deals
Table 226 Cummins: Others
12.1.15 Bosch
Table 227 Bosch: Business Overview
Table 228 Bosch: Products/Services/Solutions Offered
Table 229 Bosch: Deals
Table 230 Bosch: Others
12.1.16 Centrica
12.1.17 Tecogen
12.1.18 Bdr Thermea Group
12.1.19 Viessmann Werke
12.1.20 Dalkia Aegis, Edf Group
12.2 Other Players
12.2.1 Clearcell Power
12.2.2 H3 Combined Heat and Power
12.2.3 Enexor Bioenergy
12.2.4 Renewable Energy Solutions Environmental Technology (Reset)
12.2.5 Helec Limited


*Details on Business and Financial Overview, Products/Services/Solutions Offered, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies.


13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide


Note: Product cover images may vary from those shown
  • 2G Energy
  • AB Holding
  • BDR Thermea Group
  • Bosch
  • Capstone Green Energy
  • Caterpillar
  • Centrica
  • Clarke Energy
  • Clearcell Power
  • Cummins
  • Dalkia Aegis, Edf Group
  • E.On
  • Enexor Bioenergy
  • Fuelcell Energy
  • General Electric
  • H3 Combined Heat and Power
  • Helec Limited
  • Man Energy Solutions
  • Mitsubishi Heavy Industries
  • Renewable Energy Solutions Environmental Technology (Reset)
  • Siemens Energy
  • Tecogen
  • Veolia
  • Viessmann Werke
  • Wärtsilä
Note: Product cover images may vary from those shown

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