March 4, 2024

Combined Heat and Power Market size is Expected to Surpass Around US$ 46.3 Billion by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global combined heat and power market was valued at around USD 28.6 billion in 2021 and is expected to register revenues worth USD 46.3 billion by the end of 2030, growing at an exceptional CAGR of approximately 5.5% between 2022 and 2030.

Combined Heat and Power

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Combined Heat and Power Market Report Scope

A recent study by Precedence Research on the combined heat and power market offers a forecast for 2022 and 2030. The study analyzes crucial trends that are currently determining the growth of the combined heat and power market. This report explicates on vital dynamics such as the drivers, restraints, and opportunities for key market players, along with key stakeholders as well as emerging players associated with the manufacturing of combined heat and power. The study also provides the dynamics that are responsible for influencing the future status of the combined heat and power market over the forecast period.

A detailed assessment of the combined heat and power market value chain analysis, business execution, and supply chain analysis across regional markets has been covered in the report. A list of prominent companies operating in the combined heat and power market along with their product portfolio enhances the reliability of this comprehensive research study.

Competition Landscape

The report has engulfed a chapter on the global combined heat and power market’s competitive landscape, which provides detailed analysis and insights on companies offering combined heat and power. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter.

This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach. This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Read Also@ Centrifugal Pump Market Size to Worth Around US$ 51.91 Billion by 2030

Some of the Prominent Players in the Combined Heat and Power Market Include:
  • Wartsila
  • Doosan Fuel Cell America, Inc.
  • Caterpillar
  • Cummins Inc.
  • Aegis Energy Services Inc.
  • General Electric
  • Siemens
  • E.ON SE
  • Tecogen Inc.
  • Elite Energy Systems, LLC
  • Capstone Turbine Corporation
  • Clarke Energy
Combined Heat and Power Market Segmentation

By Type

  • Large Scale
  • Small Scale

By Fuel

  • Coal
  • Natural Gas
  • Biomass
  • Others

By Technology

  • Gas Turbine
  • Steam Turbine
  • Reciprocating Engine
  • Fuel Cell
  • Microturbine
  • Others (stirling engine and combined cyle power plants)

By Capacity

  • Up to 10 MW
  • 10-150 MW
  • 151-300 MW
  • Above 300 MW

By End user

  • Residential
    • Space Heating/Cooling
    • Water Heating
    • Cooking
    • Lighting & Others
  • Commercial
    • Educational Institution
    • District Energy
    • Office Buildings
    • Government/Military
    • Others
  • Industrial
    • Chemicals
    • Petroleum Refining
    • Food
    • Paper
    • Primary Metals
    • Others

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2022 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global combined heat and power market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the combined heat and power market.

The report includes country-wise and region-wise market size for the period 2022-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2022-2030.

Why should you invest in this report?

If you are aiming to enter the global combined heat and power market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for combined heat and power are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Combined Heat and Power Market 

5.1. COVID-19 Landscape: Combined Heat and Power Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Combined Heat and Power Market, By Type

8.1. Combined Heat and Power Market, by Type, 2022-2030

8.1.1. Large Scale

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Small Scale

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Combined Heat and Power Market, By Fuel

9.1. Combined Heat and Power Market, by Fuel, 2022-2030

9.1.1. Coal

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Natural Gas

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Biomass

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Combined Heat and Power Market, By Technology 

10.1. Combined Heat and Power Market, by Technology, 2022-2030

10.1.1. Gas Turbine

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Steam Turbine

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. Reciprocating Engine

10.1.3.1. Market Revenue and Forecast (2017-2030)

10.1.4. Fuel Cell

10.1.4.1. Market Revenue and Forecast (2017-2030)

10.1.5. Microturbine

10.1.5.1. Market Revenue and Forecast (2017-2030)

10.1.6. Others (stirling engine and combined cyle power plants)

10.1.6.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Combined Heat and Power Market, By Capacity

11.1. Combined Heat and Power Market, by Capacity, 2022-2030

11.1.1. Up to 10 MW

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. 10-150 MW

11.1.2.1. Market Revenue and Forecast (2017-2030)

11.1.3. 151-300 MW

11.1.3.1. Market Revenue and Forecast (2017-2030)

11.1.4. Above 300 MW

11.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Combined Heat and Power Market, By End user

12.1. Combined Heat and Power Market, by End user, 2022-2030

12.1.1. Residential

12.1.1.1. Market Revenue and Forecast (2017-2030)

12.1.2. Commercial

12.1.2.1. Market Revenue and Forecast (2017-2030)

12.1.3. Industrial

12.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 13. Global Combined Heat and Power Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.1.3. Market Revenue and Forecast, by Technology (2017-2030)

13.1.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.5. Market Revenue and Forecast, by End user (2017-2030)

13.1.6. U.S.

13.1.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.1.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.1.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.7. Market Revenue and Forecast, by End user (2017-2030)

13.1.8. Rest of North America

13.1.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.1.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.1.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.1.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.1.8.5. Market Revenue and Forecast, by End user (2017-2030)

13.2. Europe

13.2.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.5. Market Revenue and Forecast, by End user (2017-2030)

13.2.6. UK

13.2.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.7. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.8. Market Revenue and Forecast, by End user (2017-2030)

13.2.9. Germany

13.2.9.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.9.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.9.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.10. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.11. Market Revenue and Forecast, by End user (2017-2030)

13.2.12. France

13.2.12.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.12.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.12.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.12.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.13. Market Revenue and Forecast, by End user (2017-2030)

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Forecast, by Type (2017-2030)

13.2.14.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.2.14.3. Market Revenue and Forecast, by Technology (2017-2030)

13.2.14.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.2.15. Market Revenue and Forecast, by End user (2017-2030)

13.3. APAC

13.3.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.5. Market Revenue and Forecast, by End user (2017-2030)

13.3.6. India

13.3.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.7. Market Revenue and Forecast, by End user (2017-2030)

13.3.8. China

13.3.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.9. Market Revenue and Forecast, by End user (2017-2030)

13.3.10. Japan

13.3.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.10.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.10.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.10.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.10.5. Market Revenue and Forecast, by End user (2017-2030)

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.3.11.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.3.11.3. Market Revenue and Forecast, by Technology (2017-2030)

13.3.11.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.3.11.5. Market Revenue and Forecast, by End user (2017-2030)

13.4. MEA

13.4.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.5. Market Revenue and Forecast, by End user (2017-2030)

13.4.6. GCC

13.4.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.7. Market Revenue and Forecast, by End user (2017-2030)

13.4.8. North Africa

13.4.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.9. Market Revenue and Forecast, by End user (2017-2030)

13.4.10. South Africa

13.4.10.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.10.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.10.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.10.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.10.5. Market Revenue and Forecast, by End user (2017-2030)

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Forecast, by Type (2017-2030)

13.4.11.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.4.11.3. Market Revenue and Forecast, by Technology (2017-2030)

13.4.11.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.4.11.5. Market Revenue and Forecast, by End user (2017-2030)

13.5. Latin America

13.5.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.5.3. Market Revenue and Forecast, by Technology (2017-2030)

13.5.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.5. Market Revenue and Forecast, by End user (2017-2030)

13.5.6. Brazil

13.5.6.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.6.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.5.6.3. Market Revenue and Forecast, by Technology (2017-2030)

13.5.6.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.7. Market Revenue and Forecast, by End user (2017-2030)

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Forecast, by Type (2017-2030)

13.5.8.2. Market Revenue and Forecast, by Fuel (2017-2030)

13.5.8.3. Market Revenue and Forecast, by Technology (2017-2030)

13.5.8.4. Market Revenue and Forecast, by Capacity (2017-2030)

13.5.8.5. Market Revenue and Forecast, by End user (2017-2030)

Chapter 14. Company Profiles

14.1. Wartsila

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. Doosan Fuel Cell America, Inc.

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. Caterpillar

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Cummins Inc.

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Aegis Energy Services Inc.

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. General Electric

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Siemens

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. E.ON SE

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Tecogen Inc.

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Elite Energy Systems, LLC

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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