Combined Heat And Power Market
Global Industry Analysis and Forecast 2023-2030
Pages : 120
Base Year : 2022
Release Year : May 2024
Format :
Report ID: KR 272
Base Year
2022
Forecast Year
2023-2030
Historical Years
2018-2021
Market Value (2022)
USD 15.12 Billion
Forecasted Value (2030)
USD 30.89 Billion
CAGR (2023 – 2030)
8.20%
Fastest Growing Region (2023 - 2030)
Asia Pacific
Largest Region
Europe
By Type
Gas Turbine, Steam Turbine, Fuel Cell, Microturbines, Reciprocating Engines, Others
By Capacity
Up to 10 MW, 11-150 MW, 151-300 MW, Above 300 MW
By Fuel
Natural Gas, Renewables, Others
By Application
Residential, Commercial, Industrial, Utility
TABLE OF CONTENT
1 INTRODUCTION OF THE GLOBAL COMBINED HEAT AND POWER MARKET
1.1 Market Definition
1.2 Market Segmentation
1.3 Research Timelines
1.4 Limitations
1.5 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY
3.1 Data Collection
3.1.1 Secondary Sources
3.1.2 Primary Sources
3.1.3 Research Flow
3.2 Subject Matter Expert Advice
3.3 Quality Check
3.4 Final Review
3.5 Bottom-Up Approach
3.6 Top-down Approach
4 GLOBAL COMBINED HEAT AND POWER MARKET OUTLOOK
4.1 Market Evolution
4.2 Overview
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.3.4 Challenges
4.4 Pricing Analysis
4.5 Porter’s Five Forces Analysis
4.6 Value Chain Analysis
4.7 Macroeconomic Analysis
5 IMPACT OF RUSSIA-UKRAINE WAR
6 GLOBAL COMBINED HEAT AND POWER MARKET, BY TYPE
6.1 Overview
6.2 Gas Turbine
6.3 Steam Turbine
6.4 Fuel Cell
6.5 Microturbines
6.6 Reciprocating Engines
6.7 Others
7 GLOBAL COMBINED HEAT AND POWER MARKET, BY CAPACITY
7.1 Overview
7.2 Up to 10 MW
7.3 11-150 MW
7.4 151-300 MW
7.5 Above 300 MW
8 GLOBAL COMBINED HEAT AND POWER MARKET, BY FUEL
8.1 Overview
8.2 Natural Gas
8.3 Renewables
8.4 Others
9 GLOBAL COMBINED HEAT AND POWER MARKET, BY APPLICATION
9.1 Overview
9.2 Residential
9.3 Commercial
9.4 Industrial
9.5 Utility
10 GLOBAL COMBINED HEAT AND POWER MARKET, BY GEOGRAPHY
10.1 Overview
11 NORTH AMERICA
11.1 U.S.
11.2 Canada
11.3 Mexico
12 EUROPE
12.1 Germany
12.2 U.K.
12.3 France
12.4 Italy
12.5 Spain
12.6 Russia
12.7 Rest of Europe
13 ASIA PACIFIC
13.1 China
13.2 Japan
13.3 India
13.4 South Korea
13.5 Rest of Asia Pacific
14 MIDDLE EAST & AFRICA
14.1 GCC
14.2 South Africa
14.3 North Africa
14.4 Rest of Middle East & Africa
15 LATIN AMERICA
15.1 Brazil
15.2 Argentina
15.3 Rest of South America
16 GLOBAL COMBINED HEAT AND POWER MARKET COMPETITIVE LANDSCAPE
16.1 Overview
16.2 Key Developments
16.3 Key Strategic Developments
16.4 Company Market Ranking
16.5 Regional Footprint
16.6 Industry Footprint
17 COMPANY PROFILES
17.1 Kawasaki Heavy Industries, Ltd.
17.1.1 Key Facts
17.1.2 Financial Overview
17.1.3 Product Benchmarking
17.1.4 Recent Developments
17.1.5 Winning Imperatives
17.1.6 Current Focus & Strategies
17.1.7 Threat from competition
17.1.8 SWOT Analysis
17.2 General Electric
17.2.1 Key Facts
17.2.2 Financial Overview
17.2.3 Product Benchmarking
17.2.4 Recent Developments
17.2.5 Winning Imperatives
17.2.6 Current Focus & Strategies
17.2.7 Threat from competition
17.2.8 SWOT Analysis
17.3 Viessmann Werke GmbH & Co. KG
17.3.1 Key Facts
17.3.2 Financial Overview
17.3.3 Product Benchmarking
17.3.4 Recent Developments
17.3.5 Winning Imperatives
17.3.6 Current Focus & Strategies
17.3.7 Threat from competition
17.3.8 SWOT Analysis
17.4 Bosch Industriekessel GmbH
17.4.1 Key Facts
17.4.2 Financial Overview
17.4.3 Product Benchmarking
17.4.4 Recent Developments
17.4.5 Winning Imperatives
17.4.6 Current Focus & Strategies
17.4.7 Threat from competition
17.4.8 SWOT Analysis
17.5 Wartsila
17.5.1 Key Facts
17.5.2 Financial Overview
17.5.3 Product Benchmarking
17.5.4 Recent Developments
17.5.5 Winning Imperatives
17.5.6 Current Focus & Strategies
17.5.7 Threat from competition
17.5.8 SWOT Analysis
17.6 Veolia
17.6.1 Key Facts
17.6.2 Financial Overview
17.6.3 Product Benchmarking
17.6.4 Recent Developments
17.7 Siemens AG
17.7.1 Key Facts
17.7.2 Financial Overview
17.7.3 Product Benchmarking
17.7.4 Recent Developments
17.8 2G Energy AG
17.8.1 Key Facts
17.8.2 Financial Overview
17.8.3 Product Benchmarking
17.8.4 Recent Developments
17.9 MAN Energy Solutions SE
17.9.1 Key Facts
17.9.2 Financial Overview
17.9.3 Product Benchmarking
17.9.4 Recent Developments
17.10 MITSUBISHI HEAVY INDUSTRIES, LTD.
17.10.1 Key Facts
17.10.2 Financial Overview
17.10.3 Product Benchmarking
17.10.4 Recent Developments
LIST OF TABLES
TABLE 1 Global Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 2 Global Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 3 Global Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 4 Global Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 5 Global Combined Heat and Power Market Revenue, By Geography, 2020 - 2030 (USD Billion)
TABLE 6 North America Combined Heat and Power Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 7 North America Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 8 North America Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 9 North America Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 10 North America Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 11 US Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 12 US Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 13 US Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 14 US Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 15 Canada Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 16 Canada Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 17 Canada Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 18 Canada Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 19 Mexico Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 20 Mexico Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 21 Mexico Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 22 Mexico Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 23 Europe Combined Heat and Power Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 24 Europe Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 25 Europe Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 26 Europe Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 27 Europe Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 28 Germany Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 29 Germany Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 30 Germany Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 31 Germany Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 32 France Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 33 France Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 34 France Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 35 France Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 36 U.K. Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 37 U.K. Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 38 U.K. Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 39 U.K. Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 40 Spain Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 41 Spain Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 42 Spain Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 43 Spain Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 44 Italy Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 45 Italy Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 46 Italy Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 47 Italy Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 48 Russia Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 49 Russia Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 50 Russia Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 51 Russia Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 52 Rest of Europe Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 53 Rest of Europe Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 54 Rest of Europe Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 55 Rest of Europe Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 56 Asia-Pacific Combined Heat and Power Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 57 Asia-Pacific Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 58 Asia-Pacific Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 59 Asia-Pacific Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 60 Asia-Pacific Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 61 China Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 62 China Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 63 China Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 64 China Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 65 Japan Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 66 Japan Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 67 Japan Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 68 Japan Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 69 India Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 70 India Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 71 India Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 72 India Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 73 South Korea Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 74 South Korea Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 75 South Korea Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 76 South Korea Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 77 Rest of Asia-Pacific Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 78 Rest of Asia-Pacific Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 79 Rest of Asia-Pacific Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 80 Rest of Asia-Pacific Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 81 Middle East and Africa Combined Heat and Power Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 82 Middle East and Africa Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 83 Middle East and Africa Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 84 Middle East and Africa Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 85 Middle East and Africa Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 86 GCC Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 87 GCC Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 88 GCC Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 89 GCC Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 90 North Africa Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 91 North Africa Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 92 North Africa Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 93 North Africa Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 94 South Africa Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 95 South Africa Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 96 South Africa Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 97 South Africa Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 98 Rest of Middle East & Africa Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 99 Rest of Middle East & Africa Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 100 Rest of Middle East & Africa Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 101 Rest of Middle East & Africa Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 102 Latin America Combined Heat and Power Market Revenue, By Country, 2020 - 2030 (USD Billion)
TABLE 103 Latin America Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 104 Latin America Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 105 Latin America Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 106 Latin America Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 107 Brazil Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 108 Brazil Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 109 Brazil Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 110 Brazil Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 111 Argentina Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 112 Argentina Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 113 Argentina Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 114 Argentina Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 115 Rest of Latin America Combined Heat and Power Market Revenue, By Type, 2020 - 2030 (USD Billion)
TABLE 116 Rest of Latin America Combined Heat and Power Market Revenue, By Capacity, 2020 - 2030 (USD Billion)
TABLE 117 Rest of Latin America Combined Heat and Power Market Revenue, By Fuel, 2020 - 2030 (USD Billion)
TABLE 118 Rest of Latin America Combined Heat and Power Market Revenue, By Application, 2020 - 2030 (USD Billion)
TABLE 119 Company Market Ranking
TABLE 120 Regional Footprint
TABLE 121 Product Benchmarking
TABLE 122 Recent Developments
TABLE 123 Winning Imperatives
LIST OF FIGURES
FIG. 1 Market Segmentation
FIG. 2 Research Timeline
FIG. 3 Global Combined Heat and Power Market 2020-2030 (USD Billion)
FIG. 4 Global Combined Heat and Power Market Geographical Analysis (CAGR %)
FIG. 5 Global Combined Heat and Power Absolute Market Opportunity (USD Billion)
FIG. 6 Global Combined Heat and Power Market Attractiveness (USD Billion)
FIG. 7 Global Combined Heat and Power Market, By Type, 2020-2030 (USD Billion)
FIG. 8 Global Combined Heat and Power Market, By Capacity, 2020-2030 (USD Billion)
FIG. 9 Global Combined Heat and Power Market, By Fuel, 2020-2030 (USD Billion)
FIG. 10 Global Combined Heat and Power Market, By Application, 2020-2030 (USD Billion)
FIG. 11 Research Methodology
FIG. 12 Research Process
FIG. 13 Bottom-Up Approach
FIG. 14 Top-Bottom Approach
FIG. 15 Market Dynamics Overview
FIG. 16 Porter's Five Forces Analysis
FIG. 17 Value Chain Analysis
FIG. 18 Macroeconomic Analysis
FIG. 19 Global Combined Heat and Power Market Revenue Share, By Type, 2020 and 2030 (%)
FIG. 20 Global Combined Heat and Power Market Revenue Share, By Capacity, 2020 and 2030 (%)
FIG. 21 Global Combined Heat and Power Market Revenue Share, By Fuel, 2020 and 2030 (%)
FIG. 22 Global Combined Heat and Power Market Revenue Share, By Application, 2020 and 2030 (%)
FIG. 23 Global Combined Heat and Power Market Revenue Share, By Geographic Regions, 2020 and 2030 (%)
FIG. 24 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 25 North America Combined Heat and Power Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 26 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 27 Europe Combined Heat and Power Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 28 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 29 Asia-Pacific Combined Heat and Power Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 30 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 31 Middle East & Africa Combined Heat and Power Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 32 Market Size and Projections, 2020 - 2030 (USD Billion)
FIG. 33 Latin America Combined Heat and Power Market Overview Share, By Countries, 2020 - 2030 (%)
FIG. 34 Key Strategic Development
FIG. 35 Key Facts
FIG. 36 Financial Overview
FIG. 37 SWOT Analysis
CHOOSE LICENCE TYPE
Frequently Asked Questions (FAQ's)
The global combined heat and power market is projected to reach USD 30.89 billion by 2030, growing at a CAGR of 8.2% from 2023 to 2030.
The global combined heat and power market was valued at USD 15.12 billion in 2022.
The combined heat and power (CHP) technology has been gaining momentum in recent years due to the rising installations of microgrids.
Top manufacturers of combined heat and power are Kawasaki Heavy Industries, Ltd., General Electric, Viessmann Werke GmbH & Co. KG, Bosch Industriekessel GmbH, Wartsila, Veolia, Siemens AG, 2G Energy AG, MAN Energy Solutions SE, MITSUBISHI HEAVY INDUSTRIES, LTD., and others.
Asia Pacific is expected to be the fastest growing region in the combined heat and power market over the forecast period.
By application, industrial will hold the maximum share in the combined heat and power market with the revenue value by 2030.