Summary

Combined Heat and Power Market Size, Share, and Analysis, By Fuel Type (Coal, Natural Gas, Biomass, Oil and Others), By Technology (Gas Turbine, Combined Cycle, Steam Turbine, Reciprocating Engine, Fuel Cell, Microturbine, Others), By End User (Residential, Commercial, Industrial), By Capacity (Up to 10MW, 10-150MW, 151-300 MW, Above 300 MW) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Combined Heat and Power Market is anticipated to grow at a CAGR of 6.4% in the forecast period (2024-2034), with the market size valued at USD 27.2 billion in 2023 and projected to reach USD 54 billion by 2034.
Combined Heat and Power (CHP), is a high energy generation process that directly helps in producing electricity and at the same time captures usable heat from different single fuel resources such as coal, biomass, natural gas. As compared to the traditional methods of generating power, which discard generated heat as waste, CHP helps in utilizing this heat for various applications such as heating and cooling applications, directly improving the overall efficiency and reducing any kind of emission. The market consists of industry that involves the manufacturing, installation and maintenance of various CHP systems. This market consists of a wider range of stakeholders, which includes technology providers, energy service companies and engineering firms. CHP systems are effectively used for a wider range of applications, directly ranging from large-scale industrial facilities and district heating networks to smaller-scale residential and commercial buildings. This flexibility, together with increasing concerns about energy security, climate change, and rising energy costs, has driven the adoption of CHP solutions worldwide.

MARKET HIGHLIGHTS
Combined Heat and Power Market is anticipated to reach USD 54 billion, growing at a CAGR of 6.4% during the forecast period due to demand for better energy efficiency, reduce greenhouse gas emissions, and provide reliable power supply. Combined Heat and Power (CHP) equipment are effectively used to generate heat and power at the same time more effectively and conveniently, they are available with different technological concepts such as Gas Turbine, Combined Cycle, Steam Turbine, Reciprocating Engine, Fuel Cell, Microturbine, Others, which all are working towards the same tasks. CHPs are generally fuelled and powered with the help of Coal, Natural Gas, Biomass, Oil and Others, while being available in different capacities such as Up to 10MW, 10-150MW, 151-300 MW, Above 300 MW. CHPs are used conveniently in different types of settings such as Residential, Commercial and Industrial.

Combined Heat and Power Market Segments:

• By Fuel Type
o Coal
o Natural Gas
o Biomass
o Oil
o Others
• By Component
o Gas Turbine
o Combined Cycle
o Steam Turbine
o Reciprocating Engine
o Fuel Cell
o Microturbine
o Others
• By End User
o Residential
o Commercial
o Industrial
• By Capacity
o Up to 10MW
o 10-150MW
o 151-300 MW
o Above 300 MW

MARKET DYNAMICS
Growth Drivers
Improved Focus And Demand For Energy Efficient Solutions Has Facilitated Market Growth
Rising Focus On Sustainability Is Shifting The Market Dynamics Towards Positive Trajectory
Restraint
Complex Nature Of CHP Projects Acts As A Challenging Restraint For The Market Dynamics

Key Players
• General Electric Company
• Siemens AG
• Doosan Corporation
• Caterpillar Inc.
• Wärtsilä Corporation
• Mitsubishi Hitachi Power Systems
• ABB Group
• MAN Energy Solutions
• Veolia Environment S.A.
• Cummins Inc.
• BDR Thermea Group
• Capstone Turbine Corporation
• 2G Energy AG
• Tecogen Inc.
• Yanmar Co. Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• 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 with respect to 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 of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Combined Heat and Power Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Combined Heat and Power Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Combined Heat and Power Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porters Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Combined Heat and Power Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Combined Heat and Power Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Fuel Type
11.3.1.1. Coal
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Natural Gas
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034
11.3.1.3.Biomass
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Oil
11.3.1.4.1. By Value (USD Million) 2024-2034F
11.3.1.4.2.Market Share (%) 2024-2034F
11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.5.Others
11.3.1.5.1. By Value (USD Million) 2024-2034F
11.3.1.5.2.Market Share (%) 2024-2034F
11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Technology
11.3.2.1.Gas Turbine
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Combined Cycle
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. Steam Turbine
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.4. Reciprocating Engine
11.3.2.4.1.By Value (USD Million) 2024-2034F
11.3.2.4.2. Market Share (%) 2024-2034F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.5.Fuel Cell
11.3.2.5.1.By Value (USD Million) 2024-2034F
11.3.2.5.2. Market Share (%) 2024-2034F
11.3.2.5.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.6.Microturbine
11.3.2.6.1.By Value (USD Million) 2024-2034F
11.3.2.6.2. Market Share (%) 2024-2034F
11.3.2.6.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.7. Others
11.3.2.7.1.By Value (USD Million) 2024-2034F
11.3.2.7.2. Market Share (%) 2024-2034F
11.3.2.7.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By End User
11.3.3.1.Residential
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Commercial
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3.Industrial
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Capacity
11.3.4.1.Up to 10MW
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. 10-150MW
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3.151-300 MW
11.3.4.3.1.By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.4.Above 300 MW
11.3.4.4.1.By Value (USD Million) 2024-2034F
11.3.4.4.2. Market Share (%) 2024-2034F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
12.North America Combined Heat and Power Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Fuel Type
12.3.2.By Technology
12.3.3.By End User
12.3.4. By Capacity
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Combined Heat and Power Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Fuel Type
13.3.2.By Technology
13.3.3.By End User
13.3.4. By Capacity
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Combined Heat and Power Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Fuel Type
14.3.2. By Technology
14.3.3. By End User
14.3.4. By Capacity
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Combined Heat and Power Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Fuel Type
15.3.2.By Technology
15.3.3.By End User
15.3.4. By Capacity
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Combined Heat and Power Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Fuel Type
16.3.2.By Technology
16.3.3.By End User
16.3.4. By Capacity
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. General Electric Company
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Siemens AG
18.3.Doosan Corporation
18.4.Caterpillar Inc.
18.5.Wärtsilä Corporation
18.6.Mitsubishi Hitachi Power Systems
18.7.ABB Group
18.8.MAN Energy Solutions
18.9.Veolia Environment S.A.
18.10. Cummins Inc.
18.11. BDR Thermea Group
18.12.Capstone Turbine Corporation
18.13.2G Energy AG
18.14.Tecogen Inc.
18.15.Yanmar Co. Ltd.
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation