[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
The report segments the Combined Heat & Power market, by capacity, into below 10 MW, 10150 MW, 151300 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.
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.
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.
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.
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.
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.
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.
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.
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.
Report Metric |
Details |
Market size available for years |
20162023 |
Base year considered |
2017 |
Forecast period |
20182023 |
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:
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 companys 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.
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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 10150 MW
6.3.1 Increase in Installation of On-Site CHP Plants is Expected to Boost the Demand for CHP
6.4 151300 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, 20162023 (USD Million)
Table 3 Up to 10 MW: Combined Heat & Power Market Size, By Region, 20162023 (USD Million)
Table 4 10150 MW: CHP Market Size, By Region, 20162023 (USD Million)
Table 5 151300 MW: CHP Market Size, By Region, 20162023 (USD Million)
Table 6 Residential: CHP Market Size, By Region, 20162023 (USD Million)
Table 7 Combined Heat & Power Market Size, By Prime Mover, 20162023 (USD Million)
Table 8 Gas Turbine: CHP Market Size, By Region, 20162023 (USD Million)
Table 9 Steam Turbine: CHP Market Size, By Region, 20162023 (USD Million)
Table 10 Reciprocating Engine: CHP Market Size, By Region, 20162023 (USD Million)
Table 11 Fuel Cell: CHP Market Size, By Region, 20162023 (USD Million)
Table 12 Microturbine: CHP Market Size, By Region, 20162023 (USD Million)
Table 13 Combined Heat & Power Market Size, By End-User, 20162023 (USD Million)
Table 14 Utilities, District Heating and Cooling: CHP Market Size, By Region, 20162023 (USD Million)
Table 15 On-Site Industrial: Combined Heat & Power Market Size, By Region, 20162023 (USD Million)
Table 16 On-Site Industrial: CHP Market Size, By Type, 20162023 (USD Million)
Table 17 On-Site Commercial: Combined Heat & Power Market Size, By Region, 20162023 (USD Million)
Table 18 On-Site Commercial: CHP Market Size, By Type, 20162023 (USD Million)
Table 19 Residential: CHP Market Size, By Region, 20162023 (USD Million)
Table 20 Coal: CHP Market Size, By Region, 20162023 (USD Million)
Table 21 Natural Gas: CHP Market Size, By Region, 20162023 (USD Million)
Table 22 Biogas/Biomass: CHP Market Size, By Region, 20162023 (USD Million)
Table 23 Nuclear: Combined Heat & Power Market Size, By Region, 20162023 (USD Million)
Table 24 Diesel: CHP Market Size, By Region, 20162023 (USD Million)
Table 25 Others (Biodiesel and Geothermal): CHP Market Size, By Region, 20162023 (USD Million)
Table 26 Combined Heat & Power Market Size, By Region, 20162023 (USD Million)
Table 27 Asia Pacific: Combined Heat & Power Market Size, By Capacity, 20162023 (USD Million)
Table 28 Asia Pacific: CHP Market Size, By Prime Mover, 20162023 (USD Million)
Table 29 Asia Pacific: CHP Market Size, By Fuel, 20162023 (USD Million)
Table 30 Asia Pacific: CHP Market Size, By End-User, 20162023 (USD Million)
Table 31 Asia Pacific: CHP Market Size, By Country, 20162023 (USD Million)
Table 32 China: CHP Market Size, By End-User, 20162023 (USD Million)
Table 33 Japan: CHP Market Size, By End-User, 20162023 (USD Million)
Table 34 South Korea: CHP Market Size, By End-User, 20162023 (USD Million)
Table 35 India: CHP Market Size, By End-User, 20162023 (USD Million)
Table 36 Australia: CHP Market Size, By End-User, 20162023 (USD Million)
Table 37 Rest of Asia Pacific: CHP Market Size, By End-User, 20162023 (USD Million)
Table 38 Europe: Combined Heat & Power Market Size, By Capacity, 20162023 (USD Million)
Table 39 Europe: CHP Market Size, By Prime Mover, 20162023 (USD Million)
Table 40 Europe: CHP Market Size, By Fuel, 20162023 (USD Million)
Table 41 Europe: CHP Market Size, By End-User, 20162023 (USD Million)
Table 42 Europe: CHP Market Size, By Country, 20162023 (USD Million)
Table 43 Germany: CHP Market Size, By End-User, 20162023 (USD Million)
Table 44 UK: Combined Heat & Power Market Size, By End-User, 20162023 (USD Million)
Table 45 Italy: CHP Market Size, By End-User, 20162023 (USD Million)
Table 46 France: CHP Market Size, By End-User, 20162023 (USD Million)
Table 47 Russia: CHP Market Size, By End-User, 20162023 (USD Million)
Table 48 Rest of Europe: CHP Market Size, By End-User, 20162023 (USD Million)
Table 49 North America: Combined Heat & Power Market Size, By Capacity, 20162023 (USD Million)
Table 50 North America: CHP Market Size, By Prime Mover, 20162023 (USD Million)
Table 51 North America: CHP Market Size, By Fuel, 20162023 (USD Million)
Table 52 North America: CHP Market Size, By End-User, 20162023 (USD Million)
Table 53 North America: Combined Heat & Power Market Size, By Country, 20162023 (USD Million)
Table 54 US: CHP Market Size, By End-User, 20162023 (USD Million)
Table 55 Canada: CHP Market Size, By End-User, 20162023 (USD Million)
Table 56 Mexico: CHP Market Size, By End-User, 20162023 (USD Million)
Table 57 Middle East: Combined Heat & Power Market Size, By Capacity, 20162023 (USD Million)
Table 58 Middle East: CHP Market Size, By Prime Mover, 20162023 (USD Million)
Table 59 Middle East: CHP Market Size, By Fuel, 20162023 (USD Million)
Table 60 Middle East: CHP Market Size, By End-User, 20162023 (USD Million)
Table 61 Middle East: CHP Market Size, By Country, 20162023 (USD Million)
Table 62 Saudi Arabia: CHP Market Size, By End-User, 20162023 (USD Million)
Table 63 UAE: CHP Market Size, By End-User, 20162023 (USD Million)
Table 64 Turkey: CHP Market Size, By End-User, 20162023 (USD Million)
Table 65 Rest of Middle East: CHP Market Size, By End-User, 20162023 (USD Million)
Table 66 South America: Combined Heat & Power Market Size, By Capacity, 20162023 (USD Million)
Table 67 South America: CHP Market Size, By Prime Mover, 20162023 (USD Million)
Table 68 South America: CHP Market Size, By Fuel, 20162023 (USD Million)
Table 69 South America: CHP Market Size, By End-User, 20162023 (USD Million)
Table 70 South America: CHP Market Size, By Country, 20162023 (USD Million)
Table 71 Brazil: CHP Market Size, By End-User, 20162023 (USD Million)
Table 72 Argentina: CHP Market Size, By End-User, 20162023 (USD Million)
Table 73 Rest of South America: CHP Market Size, By End-User, 20162023 (USD Million)
Table 74 Africa: Combined Heat & Power Market Size, By Capacity, 20162023 (USD Million)
Table 75 Africa: CHP Market Size, By Prime Mover, 20162023 (USD Million)
Table 76 Africa: CHP Market Size, By Fuel, 20162023 (USD Million)
Table 77 Africa: CHP Market Size, By End-User, 20162023 (USD Million)
Table 78 Africa: CHP Market Size, By Country, 20162023 (USD Million)
Table 79 South Africa: Combined Heat & Power Market Size, By End-User, 20162023 (USD Million)
Table 80 Nigeria: Combined Heat & Power Market Size, By End-User, 20162023 (USD Million)
Table 81 Algeria: CHP Market Size, By End-User, 20162023 (USD Million)
Table 82 Rest of Africa: CHP Market Size, By End-User, 20162023 (USD Million)
Table 83 GE, the Most Active Player in the Market, 20152018
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 20182023
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, 20152018
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
Benchmarking the rapid strategy shifts of the Top 100 companies in the Combined Heat & Power Market
Request For Special Pricing
Growth opportunities and latent adjacency in Combined Heat & Power Market