Combined Heat and Power (CHP) Market Research Report Analysis and Forecasts to 2024

Report studies Combined Heat and Power (CHP) Market  that focuses on the top Manufacturers, Market Segment by Countries, Split by Product Types (with sales, revenue, price, market share of each type), Split by applications this report focuses on sales, market share and growth rate of Combined Heat and Power (CHP) Market in each application.

Shifting trends toward sustainable energy coupled with escalating demand for decentralized power plants is catering combined heat and power market demand globally.  In a bid to respond to the growing electricity demand of the increasing population, a paradigm shift toward renewable energy sources is observed. Combined heat and power (CHP) is a clean and efficient approach of generating electric power and useful thermal energy from the same fuel source. Superior reliability, high efficiency, and improved air quality are some of the attributing features that have allowed an upswing in the product demand.

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Declining price trends of natural gas, easy availability, low operational costs, and outstanding efficiency are some of the other factors complementing the business landscape of CHP market. Statistics given by International Energy Agency (IEA) depicts that coal-fired power generating plants operate at only 36% efficiency, whereas, CHP plants run at almost 58% efficiency. The estimation clearly projects a favorable CHP market outlook in the coming time.

Governments of emerging countries are increasing focus on replacing the existing coal-fired plants to reduce the carbon footprint. In addition, favorable initiations in terms of tax incentives and tax rebates to encourage more renewable energy usage have also left an influential impact on combined heat and power industry growth. Chinese Government, for instance, has recently canceled the sanction of more than 100 forthcoming coal-fired power plants.

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Combined cycle-based CHP market accounted for more than half the overall revenue share in 2016. Replacement and remodeling of existing power generating units have positively influenced combined cycle-oriented business expansion.  In this regard, Saudi Arabia has established a strong ground by introducing 1390 MW capacity combined cycle power plant which is estimated to generate electricity that will feed the power requirements of 500000 homes. Brazil is another geography, where combined cycle CHP witnesses a substantial adoption.

Increasing investment in the development of small-sized manufacturing units in the region has augmented the business opportunity. Combined heat and power industry in Brazil is expected to grow significantly at an annual rate of 8% in the next seven years. It is also estimated that biomass-fueled CHP will provide 17% of the country’s overall electricity requirement by 2030. Germany CHP market capacity as per estimation is also set to exceed 3GW by 2024.

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Growing global dependency on renewable energy sources in response to the soaring electricity demand will definitely add a remarkable value to the combined heat and power industry. Some of the prominent players of CHP market include Caterpillar, Bosch Thermotechnology, Mitsubishi, Cummins, MAN Diesel & Turbo, ABB, 2G Energy, and Siemens.

Regionally, China is one of the prominent nations actively partaking in the global industry. The country’s growing investment in clean fuel energy along with regulatory compliance to minimalize the carbon emission have propelled the regional CHP market.  Chinese government’s declaration of replacing coal-fired plants with gas filled CHP plants within next few years is an evidence to the growth prospect.

Partial Table of Contents (ToC) of the report:

Chapter 4 Combined Heat and Power Market, By Fuel

4.1 Global market share by fuel, 2016 & 2024

4.2 Natural Gas

4.2.1 Natural Gas market, 2014 – 2024

4.2.2 Natural Gas market volume, by region, 2014 – 2024

4.2.3 Natural Gas market revenue, by region, 2014 – 2024

4.3 Coal

4.3.1 Coal market, 2014 – 2024

4.3.2 Coal market volume, by region, 2014 – 2024

4.3.3 Coal market revenue, by region, 2014 – 2024

4.4 Biomass

4.4.1 Biomass market, 2014 – 2024

4.4.2 Biomass market volume, by region, 2014 – 2024

4.4.3 Biomass market revenue, by region, 2014 – 2024

Chapter 5 Combined Heat and Power Market, By End User

5.1 Global market share by End User, 2016 & 2024

5.2 Residential

5.2.1 Residential market, 2014- 2024

5.2.2 Residential market volume, by region, 2014– 2024

5.2.3 Residential market revenue, by region, 2014– 2024

5.2.4 Space Heating/Cooling

5.2.4.1 Space heating/cooling market, 2014 – 2024

5.2.4.2 Space heating/cooling market volume, by region, 2014 – 2024

5.2.4.3 Space heating/cooling market revenue, by region, 2014 – 2024

5.2.5 Water Heating

5.2.5.1 Water heating market, 2014 – 2024

5.2.5.2 Water heating market volume, by region, 2014 – 2024

5.2.5.3 Water heating market revenue, by region, 2014 – 2024

5.2.6 Cooking

5.2.6.1 Cooking market, 2014 – 2024

5.2.6.2 Cooking market volume, by region, 2014 – 2024

5.2.6.3 Cooking market revenue, by region, 2014 – 2024

5.2.7 Lighting and Others

5.2.7.1 Lighting and others market, 2014 – 2024

5.2.7.2 Lighting and others market volume, by region, 2014 – 2024

5.2.7.3 Lighting and others market revenue, by region, 2014 – 2024

5.3 Commercial

5.3.1 Commercial market, 2014- 2024

5.3.2 Commercial market volume, by region, 2014– 2024

5.3.3 Commercial market revenue, by region, 2014– 2024

5.3.4 Educational Institution

5.3.4.1 Educational institution market, 2014 – 2024

5.3.4.2 Educational institution market volume, by region, 2014 – 2024

5.3.4.3 Educational institution market revenue, by region, 2014 – 2024

5.3.5 District Energy

5.3.5.1 District energy market, 2014 – 2024

5.3.5.2 District energy market volume, by region, 2014 – 2024

5.3.5.3 District energy market revenue, by region, 2014 – 2024

5.3.6 Office Building

5.3.6.1 Office building market, 2014 – 2024

5.3.6.2 Office building market volume, by region, 2014 – 2024

5.3.6.3 Office building market revenue, by region, 2014 – 2024

5.3.7 Government/Military

5.3.7.1 Government/Military market, 2014 – 2024

5.3.7.2 Government/Military market volume, by region, 2014 – 2024

5.3.7.3 Government/Military market revenue, by region, 2014 – 2024

5.4 Industrial

5.4.1 Industrial market, 2014- 2024

5.4.2 Industrial market volume, by region, 2014– 2024

5.4.3 Industrial market revenue, by region, 2014– 2024

5.4.4 Chemical

5.4.4.1 Chemical market, 2014 – 2024

5.4.4.2 Chemical market volume, by region, 2014 – 2024

5.4.4.3 Chemical market revenue, by region, 2014 – 2024

5.4.5 Petroleum Refining

5.4.5.1 Petroleum refining market, 2014 – 2024

5.4.5.2 Petroleum refining market volume, by region, 2014 – 2024

5.4.5.3 Petroleum refining market revenue, by region, 2014 – 2024

5.4.6 Food

5.4.6.1 Food market, 2014 – 2024

5.4.6.2 Food market volume, by region, 2014 – 2024

5.4.6.3 Food market revenue, by region, 2014 – 2024

5.4.7 Paper

5.4.7.1 Paper market, 2014 – 2024

5.4.7.2 Paper market volume, by region, 2014 – 2024

5.4.7.3 Paper market revenue, by region, 2014 – 2024

5.4.8 Primary Metals

5.4.8.1 Primary metals market, 2014 – 2024

5.4.8.2 Primary metals market volume, by region, 2014 – 2024

5.4.8.3 Primary metals market revenue, by region, 2014 – 2024

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