Combined Heat & Power Market

Combined Heat & Power Market by Capacity (>10 MW, 10–150 MW, 151–300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023

Report Code: EP 6369 Jun, 2018, by marketsandmarkets.com

[143 Pages Report] MarketsandMarkets forecasts the combined heat & power market to grow from USD 19.6 billion in 2017 to USD 27.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period. The major factors driving the CHP market include increasing demand for energy efficiency in the industries and rising use of natural gas for power generation. The objective of the report is to define, describe, and forecast the global Combined Heat & Power market by capacity, prime mover, fuel, end-user, and region

Combined Heat & Power Market

By capacity, above 300 MW segment is expected to dominate the CHP market during the forecast period

The report segments the Combined Heat & Power market, by capacity, into below 10 MW, 10–150 MW, 151–300 MW, and above 300 MW. The above 300 MW is expected to hold the largest market share by 2023. The above 300 MW segment mainly caters to the utilities, district heating & cooling end-user. The segment is expected to be driven by rising adoption of natural gas-fired power generation in Asia Pacific region, particualy in China, and South Korea. The phasing-out of coal based power generation has given rise to large-scale natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and requiremnet of municipal district heating & cooling is driving the growth in this segment. The shale gas boom in North America is another driving factor for growth in this segment, with utility-scale natural gas-fired power plants being set up in the region.

By prime mover, the reciprocating segment is expected to have the highest market share during the forecast period

The reciprocating segment is expected to grow at the highest rate during the forecast period. The growth of this market is driven by rising distributed power generation in Europe and Asia Pacific. The growth of distributed power generation in Asia Pacific, North America and Europe is driving the demand for the segment, especially for on-site industrial Combined Heat & Power plants.

By fuel, natural gas segment is expected to grow at a high CAGR during the forecast period

Natural gas is the fastest growing segment in the Combined Heat & Power market. The growth of this segment is mainly due to the rising share of natural gas in the energy mix in the Asia Pacific region, particularly in China. The shale gas boom in the US has also contributed to rise in natural gas-fired power generation in North America, and thus driving the CHP market in the region.

By end-user, utilities segment is expected to hold the largest market during the forecast period

The Combined Heat & Power market has been segmented, by end-user, into utilities, district heating & cooling, on-site industrial, on-site commercial, and residential. The utilities, district heating & cooling segment is estimated to hold the largest market share by 2023. The market for the segment is driven by the transition towards natural gas-fired power generation in Asia Pacific and the increasing requirement of heat and steam in industries and municipal townships.

Combined Heat & Power Market

Asia Pacific to account for the largest market size during the forecast period.

The Combined Heat & Power market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The market in Asia Pacific is expected to lead the CHP market, by region. The increase in natural gas in the energy mix and need for energy efficiency in countries such as China, South Korea and India is driving the market for Combined Heat & Power in the region. Rise in distributed power generation and emerging technologies such as fuel cell-based micro-CHP has opened new opportunities for growth in the region.

Market Dynamics

Driver:  Increasing demand for energy efficiency in industries  

The rising costs of power generation, heat, and steam have accentuated the demand for energy efficiency in several industries around the world. A typical on-site power generation plant running on fuel such as natural gas, biomass, or diesel has an efficiency of about 33%. Thus, a large amount of energy is wasted in the form of heat that is not harnessed for other purposes such as steam generation, facility heating, and cooling. A CHP plant can increase the energy efficiency of a facility by as much as 70%. Moreover, several industries such as chemicals, paper & pulp, and others require steam for various processes. Heat from CHP plants can be used to generate steam for these processes, thus further saving operating cost for the industry.

Restraint:  High installation and maintenance costs

One of the biggest drawbacks of installation of a Combined Heat & Power plant is the high initial capital costs required for installation. In addition to the power generation equipment such as prime mover, generator systems, and others, CHP plants also require additional equipment such as heat exchangers, absorption chillers, boilers, and other equipment. The cost of a conventional CHP plant can be almost 240% that of the cost of a power generation plant of the same capacity and prime mover, making it a major restraint for the Combined Heat & Power market. Maintenance costs of CHP systems are also high due to the complex assembly of the system, which includes different components such as prime mover, heat recovery system, heat and steam pipes among others. Regular maintenance of all the components is needed to achieve high efficiency of CHP, thus raising the overall cost of maintenance of the system.

Opportunity: Growth of distributed power generation in North America and Asia Pacific

Distributed generation is the act of power generation carried out at or close to the point of end-use. Distributed generation systems are usually below 100 MW in capacity (typically less than 50 MW) and can be stationary as well as mobile in nature. General Electric Company (US) estimates that annual distributed power capacity additions across the globe will rise from 142 GW in 2012 to 200 GW in 2020, while investments in distributed power technologies will grow to USD 206 billion by 2022. Reciprocating engines are a vital part of the current suite of distributed power generation technologies, which can also be installed as a Combined Heat & Power system. The rise in distributed power generation, especially for natural gas based distributed generation, has provided opportunities for the CHP market, particularly for a gas engine, fuel cell, and microturbine-based CHP systems.

Challenge: Rise of renewable power generation

Increasing demand for renewable power generation such as solar and wind energy poses the biggest challenge for the Combined Heat & Power market. Stringent emission norms in Europe and North America, which have encouraged the installation of CHP systems for energy efficiency and lower emissions, have also led to rapid growth of renewable energy. The rise of renewable power, particularly in Germany and other European countries, has paved the way for power-to-heat technology, which is direct competition for CHP. Power-to-heat technology is a comparatively new technology wherein heat is generated using excess power produced by renewable sources for industrial or commercial heating & cooling and for generating steam. The growth of this technology, especially in Europe, due to the falling installation costs of renewable power, poses a challenge for the growth of CHP market.

Combined Heat & Power Market

Scope of the Report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Billion (USD)

Segments covered

By Capacity (Up to 10 MW, 10 MW to 150 MW, 150 MW to 300 MW, above 300 MW); Prime Mover (Gas Turbine, Steam Turbine, Reciprocating Engine, Fuel Cell,   Microturbine); Fuel (Coal, Natural Gas, Biogas/Biomass, Nuclear, Diesel, and others {Biodiesel and Geothermal}); End-user (Utilities, District Heating and Cooling, On-site Industrial, On-site Commercial, Residential)

Geographies covered

Asia Pacific, Europe, North America, South America, Middle East, and Africa

Companies covered

GE, Siemens, Veolia, Wartsila, 2G Energy, Man Diesel & Turbo, Mitsubishi Hitachi Power Systems, Clarke Energy,  Caterpillar Energy Solutions , AB Holding, Capstone, FuelCell Energy

The research report categorizes the Combined Heat & Power market to forecast the revenues and analyze the trends in each of the following sub-segments:

CHP Market, By Capacity

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

CHP Market, By Prime Mover

  • Gas Turbine
  • Steam Turbine
  • Reciprocating Engine
  • Fuel Cell
  • Microturbine

CHP Market, By Fuel

  • Coal
  • Natural Gas
  • Biogas/Biomass
  • Nuclear
  • Diesel
  • Others (Biodiesel and Geothermal)

CHP Market, By End-User

  • Utilities, District Heating and Cooling
  • On-site Industrial
  • On-site Commercial
  • Residential

CHP Market, By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
  • South America

Key Market Players

The major players in the Combined Heat & Power market are GE, Siemens, Veolia, Wartsila, 2G Energy, Man Diesel & Turbo, Mitsubishi Hitachi Power Systems, Clarke Energy, Caterpillar Energy Solutions (MWM), AB Holding, Capstone, and FuelCell Energy

2G Energy is a leading manufacturer of combined heat & power (CHP) plants. The company operates through two segments, namely CHP Systems and Services. The company offers CHP plants in its CHP systems division, and is one of the leading suppliers of reciprocating engine based CHP in Europe and North America. The company offers CHP plant modules and complete designing and installation of CHP plant as a part of its CHP solutions. The company’s CHP plants have flexibility of fuel choice and offers CHP plants that operate on natural gas and biogas/biomass. The company has contracts & agreements and partnerships as its key growth strategies. In July 2017, the company received a contract install an 8 MW CHP plant for the seventh largest public health system in the US, the Erlanger Health System at their manufacturing facility in Chattanooga, US.

Recent Developments

  • In April 2018, GE signed an agreement with GreenTech to supply 21 Jenbacher gas engines for CHP generation in Russian food and beverage, glass, agriculture and chemical processes industries. With a total capacity of 26 MW, the engines are expected to be delivered by the end of 2018.
  • In February 2018, 2G Energy installed a 600 kW CHP plant at the KB Specialty Foods facility in Indiana, US. The plant was expected to utilize biogas produced from waste food in the plant and convert it into electrical and thermal power.
  • In January 2018, Veolia installed a CHP plant for Seafield WWTP in Scotland, UK. The plant was expected to generate its own energy from 55% to about 85% in 2017, by boosting the renewable energy derived from a combination anaerobic digestion of sludge and biogas-fired CHP plants.
  • In May 2017, Siemens received an order to build a new cogeneration plant in the Marzahn district of Berlin. This cogeneration facility was expected to produce electric power while simultaneously supplying the east side of the German capital with district heating. The plant has an electrical generating capacity of 260 MW and a thermal capacity of 230 MW.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the CHP market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading manufacturers operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Limitations
    1.6 Currency
    1.7 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 32)
    4.1 Attractive Opportunities in the Combined Heat & Power Market
    4.2 CHP Market, By Country
    4.3 Asia Pacific CHP Market, By End-User & Country
    4.4 CHP Market, By Capacity
    4.5 CHP Market, By Prime Mover
    4.6 CHP Market, By Fuel
    4.7 CHP Market, By End-User

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Demand for Energy Efficiency in Industries
                    5.2.1.2 Rising Use of Natural Gas for Power Generation
                    5.2.1.3 Government Programs and Incentives to Promote CHP
           5.2.2 Restraints
                    5.2.2.1 High Installation and Maintenance Costs
           5.2.3 Opportunities
                    5.2.3.1 Growth of Distributed Power Generation in North America and Asia Pacific
                    5.2.3.2 Emerging Technologies Such as Fuel Cell-Based Micro-CHP
           5.2.4 Challenges
                    5.2.4.1 Rise of Renewable Power Generation

6 Combined Heat & Power (CHP) Market, By Capacity (Page No. - 41)
    6.1 Introduction
    6.2 Up to 10 MW
           6.2.1 Government Support for Micro-CHP Programs is Expected to Contribute to the Growth of the Market
    6.3 10–150 MW
           6.3.1 Increase in Installation of On-Site CHP Plants is Expected to Boost the Demand for CHP
    6.4 151–300 MW
           6.4.1 Increasing Natural Gas-Fired Power Generation is Expected to Drive the Market
    6.5 Above 300 MW
           6.5.1 Rise in Usage of District Energy for Industrial and Commercial Power Generation are Expectrd to Drive the Market

7 Combined Heat & Power (CHP) Market, By Prime Mover (Page No. - 46)
    7.1 Introduction
    7.2 Gas Turbine
           7.2.1 Transition Towards A Natural Gas-Based Power Generation is Expected to Drive the Market
    7.3 Steam Turbine
           7.3.1 Growth in Combined Cycle Power Plants is Propelling the Market
    7.4 Reciprocating Engine
           7.4.1 Rise in Distributed Power Generation is Propelling the Growth of Reciprocating Engine
    7.5 Fuel Cell
           7.5.1 Government Support Policies and Incentives are Driving the Market for Fuel Cell
    7.6 Microturbine
           7.6.1 Increase in Demand for Space Heating is Expected to Drive the Market

8 Combined Heat & Power (CHP) Market, By End-User (Page No. - 52)
    8.1 Introduction
    8.2 Utilities, District Heating and Cooling
           8.2.1 Focus on Energy Efficiency and the Need to Reduce Carbon Emissions are Expected to Drive the Market
    8.3 On-Site Industrial
           8.3.1 High Efficiency and Lower Dependence on Grid Based Power Supply is Expected to Drive the Market
    8.4 On-Site Commercial
           8.4.1 Increase in Demand for Peak Power Supply is Expected to Drive the Market for CHP
    8.5 Residential
           8.5.1 Ability to Reduce Dependency on Centralized Power Generation is Expected to Drive the Market

9 Combined Heat & Power (CHP) Market, By Fuel (Page No. - 58)
    9.1 Introduction
    9.2 Coal
    9.3 Natural Gas
    9.4 Biogas/Biomass
    9.5 Nuclear
    9.6 Diesel
    9.7 Others (Biodiesel and Geothermal)

10 Combined Heat & Power (CHP) Market, By Region (Page No. - 61)
     10.1 Introduction
     10.2 Asia Pacific
             10.2.1 By Capacity
             10.2.2 By Prime Mover
             10.2.3 By Fuel
             10.2.4 By Country
                        10.2.4.1 China
                                     10.2.4.1.1 Increasing Demand for Power Across the End-Use Industries is Expected to Drive the Market
                        10.2.4.2 Japan
                                     10.2.4.2.1 Growth of Fuel Cell Based Micro CHP is Expected to Propel the Growth of the CHP Market
                        10.2.4.3 South Korea
                                     10.2.4.3.1 Government Incentives for CHP Installations is Expected to Drive the Market
                        10.2.4.4 India
                                     10.2.4.4.1 Incentive Programs to Promote Energy Efficiency is Expected to Drive the CHP Market
                        10.2.4.5 Australia
                                     10.2.4.5.1 Planned Programs to Reduce Emissions is Driving the Growth of the CHP Market
                        10.2.4.6 Rest of Asia Pacific
     10.3 Europe
             10.3.1 By Capacity
             10.3.2 By Prime Mover
             10.3.3 By Fuel
             10.3.4 By Country
                        10.3.4.1 Germany
                                     10.3.4.1.1 Government Support Policies for CHP is Expected to Drive the Market
                        10.3.4.2 UK
                                     10.3.4.2.1 Increasing Focus Toward Emission Reduction and Improved Energy Efficiency are Driving the Market
                        10.3.4.3 Italy
                                     10.3.4.3.1 Growth of Renewable Energy Sources is Expected to Drive the Market for CHP
                        10.3.4.4 France
                                     10.3.4.4.1 Growing Requirement of District Heating is Expected to Drive the Market
                        10.3.4.5 Russia
                                     10.3.4.5.1 Shift Towards Distributed Power Generation and Requirement of CHP are Expected to Drive the Market
                        10.3.4.6 Rest of Europe
     10.4 North America
             10.4.1 By Capacity
             10.4.2 By Prime Mover
             10.4.3 By Fuel
             10.4.4 By Country
                        10.4.4.1 US
                                     10.4.4.1.1 Government Targets to Generate Power From CHP is Expected to Drive the Market
                        10.4.4.2 Canada
                                     10.4.4.2.1 Development of CHP Plants Especially in Mining and Oil & Gas Industries is Expected to Drive the Market
                        10.4.4.3 Mexico
                                     10.4.4.3.1 Growing Need for Energy Efficient is Driving the CHP Market
     10.5 Middle East
             10.5.1 By Capacity
             10.5.2 By Prime Mover
             10.5.3 By Fuel
             10.5.4 By Country
                        10.5.4.1 Saudi Arabia
                                     10.5.4.1.1 Growth of District Energy Networks is Expected to Drive the CHP Market
                        10.5.4.2 UAE
                                     10.5.4.2.1 Increasing Investments for Reducing Greenhouse Gas Emissions is Driving the Market
                        10.5.4.3 Turkey
                                     10.5.4.3.1 Dependence on Energy Imports is Expected to Drive the CHP Market
                        10.5.4.4 Rest of Middle East
     10.6 South America
             10.6.1 By Capacity
             10.6.2 By Prime Mover
             10.6.3 By Fuel
             10.6.4 By Country
                        10.6.4.1 Brazil
                                     10.6.4.1.1 Requirement for Efficient Energy Production and Environmental Concerns are Expected to Drive the Demand for the Market
                        10.6.4.2 Argentina
                                     10.6.4.2.1 Government Incentives for Power Generations is Expected to Drive the CHP Market
                        10.6.4.3 Rest of South America
     10.7 Africa
             10.7.1 By Capacity
             10.7.2 By Prime Mover
             10.7.3 By Fuel
             10.7.4 By Country
                        10.7.4.1 South Africa
                                     10.7.4.1.1 Increasing Dependency on Renewable Energy for Power Generation is Driving the Market for CHP
                        10.7.4.2 Nigeria
                                     10.7.4.2.1 Improving Power Networks Capacity is Expected to Drive the Market
                        10.7.4.3 Algeria
                                     10.7.4.3.1 Reducing Carbon Emissions and Improving Energy Efficiency are Driving the Market
                        10.7.4.4 Rest of Africa

11 Competitive Landscape (Page No. - 97)
     11.1 Overview
     11.2 Ranking of Players & Industry Concentration, 2017
     11.3 Competitive Scenario
             11.3.1 Contracts & Agreements
             11.3.2 Expansion
             11.3.3 New Product Launche
             11.3.4 Partnership

12 Company Profiles (Page No. - 102)
     12.1 GE
             12.1.1 Business Overview
             12.1.2 Products Offered
             12.1.3 Recent Developments
             12.1.4 MnM View
     12.2 Siemens
             12.2.1 Business Overview
             12.2.2 Products Offered
             12.2.3 Recent Developments
             12.2.4 MnM View
     12.3 Veolia
             12.3.1 Business Overview
             12.3.2 Products Offered
             12.3.3 Recent Developments
             12.3.4 MnM View
     12.4 Wδrtsilδ
             12.4.1 Business Overview
             12.4.2 Products Offered
             12.4.3 Recent Developments
             12.4.4 MnM View
     12.5 2G Energy
             12.5.1 Business Overview
             12.5.2 Products Offered
             12.5.3 Recent Developments
             12.5.4 MnM View
     12.6 Man Diesel & Turbo
             12.6.1 Business Overview
             12.6.2 Products Offered
             12.6.3 Recent Developments
     12.7 Mitsubishi Hitachi Power Systems
             12.7.1 Business Overview
             12.7.2 Products Offered
             12.7.3 Recent Developments
     12.8 Clarke Energy
             12.8.1 Business Overview
             12.8.2 Products Offered
             12.8.3 Recent Developments
     12.9 Caterpillar Energy Solutions (MWM)
             12.9.1 Business Overview
             12.9.2 Products Offered
             12.9.3 Recent Developments
     12.10 AB Holding
             12.10.1 Business Overview
             12.10.2 Products Offered
             12.10.3 Recent Developments
     12.11 Capstone
             12.11.1 Business Overview
             12.11.2 Products Offered
             12.11.3 Recent Developments
     12.12 Fuelcell Energy
             12.12.1 Business Overview
             12.12.2 Products Offered
             12.12.3 Recent Developments

13 Appendix (Page No. - 135)
     13.1 Insights of Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (83 Tables)

Table 1 Combined Heat & Power Market Snapshot
Table 2 CHP Market Size, By Capacity, 2016–2023 (USD Million)
Table 3 Up to 10 MW: Combined Heat & Power Market Size, By Region, 2016–2023 (USD Million)
Table 4 10–150 MW: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 5 151–300 MW: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 6 Residential: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 7 Combined Heat & Power Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 8 Gas Turbine: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 9 Steam Turbine: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 10 Reciprocating Engine: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 11 Fuel Cell: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 12 Microturbine: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 13 Combined Heat & Power Market Size, By End-User, 2016–2023 (USD Million)
Table 14 Utilities, District Heating and Cooling: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 15 On-Site Industrial: Combined Heat & Power Market Size, By Region, 2016–2023 (USD Million)
Table 16 On-Site Industrial: CHP Market Size, By Type, 2016–2023 (USD Million)
Table 17 On-Site Commercial: Combined Heat & Power Market Size, By Region, 2016–2023 (USD Million)
Table 18 On-Site Commercial: CHP Market Size, By Type, 2016–2023 (USD Million)
Table 19 Residential: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 20 Coal: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 21 Natural Gas: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 22 Biogas/Biomass: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 23 Nuclear: Combined Heat & Power Market Size, By Region, 2016–2023 (USD Million)
Table 24 Diesel: CHP Market Size, By Region, 2016–2023 (USD Million)
Table 25 Others (Biodiesel and Geothermal): CHP Market Size, By Region, 2016–2023 (USD Million)
Table 26 Combined Heat & Power Market Size, By Region, 2016–2023 (USD Million)
Table 27 Asia Pacific: Combined Heat & Power Market Size, By Capacity, 2016–2023 (USD Million)
Table 28 Asia Pacific: CHP Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 29 Asia Pacific: CHP Market Size, By Fuel, 2016–2023 (USD Million)
Table 30 Asia Pacific: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 31 Asia Pacific: CHP Market Size, By Country, 2016–2023 (USD Million)
Table 32 China: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 33 Japan: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 34 South Korea: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 35 India: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 36 Australia: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 37 Rest of Asia Pacific: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 38 Europe: Combined Heat & Power Market Size, By Capacity, 2016–2023 (USD Million)
Table 39 Europe: CHP Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 40 Europe: CHP Market Size, By Fuel, 2016–2023 (USD Million)
Table 41 Europe: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 42 Europe: CHP Market Size, By Country, 2016–2023 (USD Million)
Table 43 Germany: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 44 UK: Combined Heat & Power Market Size, By End-User, 2016–2023 (USD Million)
Table 45 Italy: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 46 France: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 47 Russia: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 48 Rest of Europe: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 49 North America: Combined Heat & Power Market Size, By Capacity, 2016–2023 (USD Million)
Table 50 North America: CHP Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 51 North America: CHP Market Size, By Fuel, 2016–2023 (USD Million)
Table 52 North America: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 53 North America: Combined Heat & Power Market Size, By Country, 2016–2023 (USD Million)
Table 54 US: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 55 Canada: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 56 Mexico: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 57 Middle East: Combined Heat & Power Market Size, By Capacity, 2016–2023 (USD Million)
Table 58 Middle East: CHP Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 59 Middle East: CHP Market Size, By Fuel, 2016–2023 (USD Million)
Table 60 Middle East: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 61 Middle East: CHP Market Size, By Country, 2016–2023 (USD Million)
Table 62 Saudi Arabia: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 63 UAE: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 64 Turkey: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 65 Rest of Middle East: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 66 South America: Combined Heat & Power Market Size, By Capacity, 2016–2023 (USD Million)
Table 67 South America: CHP Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 68 South America: CHP Market Size, By Fuel, 2016–2023 (USD Million)
Table 69 South America: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 70 South America: CHP Market Size, By Country, 2016–2023 (USD Million)
Table 71 Brazil: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 72 Argentina: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 73 Rest of South America: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 74 Africa: Combined Heat & Power Market Size, By Capacity, 2016–2023 (USD Million)
Table 75 Africa: CHP Market Size, By Prime Mover, 2016–2023 (USD Million)
Table 76 Africa: CHP Market Size, By Fuel, 2016–2023 (USD Million)
Table 77 Africa: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 78 Africa: CHP Market Size, By Country, 2016–2023 (USD Million)
Table 79 South Africa: Combined Heat & Power Market Size, By End-User, 2016–2023 (USD Million)
Table 80 Nigeria: Combined Heat & Power Market Size, By End-User, 2016–2023 (USD Million)
Table 81 Algeria: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 82 Rest of Africa: CHP Market Size, By End-User, 2016–2023 (USD Million)
Table 83 GE, the Most Active Player in the Market, 2015–2018


List of Figures (36 Figures)

Figure 1 Combined Heat and Power (CHP) Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Asia Pacific Held the Largest Share of the Combined Heat & Power Market in 2017
Figure 7 Above 300 MW CHP is Expected to Dominate the Market During the Forecast Period
Figure 8 Gas Turbine is Expected to have the Largest Market Share By 2023
Figure 9 Natural Gas is Expected to Dominate the Combined Heat & Power Market During the Forecast Period
Figure 10 The Utilities, District Heating and Cooling Segment is Expected to Dominate the CHP Market During the Forecast Period
Figure 11 Increasing Demand for Energy Efficiency in Industries is Expected to Drive the CHP Market During the Forecast Period
Figure 12 India, China, and South Africa are Expected to Grow at the Highest CAGR During the Forecast Period
Figure 13 The Utility Segment is Estimated to Lead the CHP Market in Asia Pacific
Figure 14 Above 300 MW Segment is Expected to Be the Largest Market Between 2018–2023
Figure 15 Gas Turbine Segment is Expected to Lead the Combined Heat & Power Market During the Forecast Period
Figure 16 Natural Gas is Expected to Lead the Combined Heat & Power Market During the Forecast Period
Figure 17 Utilities, District Heating and Cooling Held the Largest Market Share in 2017
Figure 18 Combined Heat & Power (CHP) Market: Drivers, Restraints, Opportunities & Challenges
Figure 19 CHP Market, By Capacity, 2017
Figure 20 CHP Market, By Prime Mover, 2017
Figure 21 CHP Market, By End-User, 2017
Figure 22 CHP Market, By Fuel, 2017
Figure 23 Asia Pacific is Estimated to Grow at the Highest CAGR During the Forecast Period
Figure 24 Asia Pacific LED the CHP Market in 2017
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Europe: Market Snapshot
Figure 27 Key Developments in the Combined Heat and Power Market, 2015–2018
Figure 28 GE LED the Combined Heat and Power Market in 2017
Figure 29 GE: Company Snapshot
Figure 30 Siemens: Company Snapshot
Figure 31 Veolia: Company Snapshot
Figure 32 Wδrtsilδ: Company Snapshot
Figure 33 2G Energy: Company Snapshot
Figure 34 Man Diesel & Turbo: Company Snapshot
Figure 35 Capstone: Company Snapshot
Figure 36 Fuelcell Energy: Company Snapshot


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