$33.4 Billion Worldwide Combined Heat and Power (CHP) Industry to 2030: Enhanced Energy Consumption in Industrial Sector Steers CHP Deployments

DUBLIN, Feb. 9, 2023 /PRNewswire/ -- The "Combined Heat and Power (CHP) - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

The global market for Combined Heat and Power (CHP) estimated at US$25.8 Billion in the year 2022, is projected to reach a revised size of US$33.4 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030.

Above 300 MW, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$13.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the 151 - 300 MW segment is readjusted to a revised 3.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 5.7% CAGR

The Combined Heat and Power (CHP) market in the U.S. is estimated at US$7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 3.8% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2030.

Select Competitors (Total 11 Featured) -

• AB Holding SpA
• Capstone Turbine Corporation
• Caterpillar Energy Solutions (Mwm)
• Clarke Energy
• FuelCell Energy, Inc.
• General Electric Company
• G-Energy Global Private Limited
• MAN Energy Solutions SE
• Mitsubishi Hitachi Power Systems Ltd.
• Siemens AG
• Veolia Environnement S.A.
• Wartsila Corporation

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• Combined Heat and Power (CHP): A Prelude
• Steady Growth Projected for CHP Market
• Combined Heat & Power - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rising Demand for Captive Power Generation Builds Momentum for CHP Market
• Shifting Focus towards Sustainable Energy Creates Conducive Environment
• Enhanced Energy Consumption in Industrial Sector Steers CHP Deployments
• CHP Deployments Set to Increase in Commercial Buildings Vertical
• Residential Sector: Niche Application Market
• Natural Gas Extends Ideal Fuel for CHP Plants
• Biomass-based Cogeneration Gains Traction
• Small CHPs Set to Make Big Gains
• Emphasis on Distributed Power Delivery Model in Large Urban Areas Builds Market Momentum
• Adoption of CHP Plants Gains Traction Across End-Use Verticals and Geographies: A Review of Select Recent Announcements in the CHP Domain
• Shaw Industries Builds CHP Plant at its South Carolina Fiber Production Facility
• The US DoE Grants CHP R&D Funding
• Fairbanks Morse Helps Launch of 10 MW Dual Fuel CHP Microgrid in Puerto Rico
• University of Minnesota Replaces Century Old Heating Plant with New CHP Plant at its Twin Cities Campus
• Edina to Deploy 3-Engine CHP Plant to Portsmouth Naval Base
• Rolls-Royce Collaborates with Energyco to Deploy Cogeneration Plant in Kosice, Slovakia
• New CHP Plant Deployed at the University of Gottingen

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/6qlwmj-heat-and?w=5

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SOURCE Research and Markets