Global Combined Heat and Power System Market Research Report 2024(Status and Outlook)
The global Combined Heat and Power System market size was valued at US$ 23.45 billion in 2024 and is projected to reach US$ 34.56 billion by 2030, at a CAGR of 6.7% during the forecast period 2024-2030.
United States Combined Heat and Power System market size was valued at US$ 7.67 billion in 2024 and is projected to reach US$ 10.89 billion by 2030, at a CAGR of 6.0% during the forecast period 2024-2030.
Systems that simultaneously generate electricity and useful thermal energy from a single fuel source.
Increasing focus on energy efficiency and carbon emission reduction. Growing adoption in industrial and commercial sectors for reliable power supply. Government incentives promoting CHP system installations.
Report Overview
Combined heat and power (CHP) is a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. By generating heat and power simultaneously, CHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation via a boiler and power station.
The heat generated during this process is supplied to an appropriately matched heat demand that would otherwise be met by a conventional boiler. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating electrical or mechanical power. This allows heat requirements to be met that would otherwise require additional fuel to be burnt.
For many organizations, CHP is the measure that offers the most significant single opportunity to reduce energy costs and to improve environmental performance with existing users of CHP typically saving around 20% of their energy costs.
Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. This report studies the Commercial Combined Heat and Power (CHP) System market, mainly used in the residential, service sector and others.
This report provides a deep insight into the global Combined Heat and Power System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Combined Heat and Power System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Combined Heat and Power System market in any manner.
Global Combined Heat and Power System Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
BDR Thermea
Bharat Heavy Electricals Limited
Capstone Turbine Corporation
Caterpillar
Clarke Energy
Yanmar
Cummins Inc.
Dong Energy
Ener-G
Green Power International
Greenesol Power Systems
Honda Motor
ISGEC Heavy Engineering Ltd.
Marathon Engine Systems
Mitsubishi Hitachi Power Systems
Wartsila
Qnergy
Siemens Ltd.
Sonic Development
Sterling and Wilson
Sumitomo
Thermax Limited
Toshiba Fuel Cell Power Systems
Vaillant Group
Market Segmentation (by Type)
Gas and Steam Turbine
Reciprocating Engine
Fuel Cell and Microturbine
Market Segmentation (by Application)
Industrial
Utilities
Commercial
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Combined Heat and Power System Market
Overview of the regional outlook of the Combined Heat and Power System Market:
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter
