Product Code: MRR-434CCDA04B95
The Global Combined Heat & Power Market is forecasted to grow significantly, with a projected USD 25.47 billion in 2023 at a CAGR of 5.95% and expected to reach a staggering USD 38.22 billion by 2030.
The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Combined Heat & Power Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
Market Segmentation & Coverage:
This research report categorizes the Global Combined Heat & Power Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Large Scale and Small & Micro Scale. The Large Scale commanded largest market share of 85.43% in 2022, followed by Small & Micro Scale.
Based on Technology, market is studied across Fuel Cells, Gas Turbine, Micro CHP, Spark Ignition Reciprocating Engine, and Steam Turbine. The Steam Turbine commanded largest market share of 32.21% in 2022, followed by Gas Turbine.
Based on Fuel, market is studied across Biomass, Coal, Gasoline, and Natural Gas. The Natural Gas commanded largest market share of 28.14% in 2022, followed by Gasoline.
Based on Range, market is studied across 100-200kw, 20-100kW, 200-500kw, <20kW, and >500kw. The 200-500kw commanded largest market share of 30.12% in 2022, followed by >500kw.
Based on Utility, market is studied across On-demand and Permanent. The Permanent commanded largest market share of 87.97% in 2022, followed by On-demand.
Based on Application, market is studied across Commercial, Industries, and Residential. The Industries commanded largest market share of 74.32% in 2022, followed by Commercial.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 39.71% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Global Combined Heat & Power Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Combined Heat & Power Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Combined Heat & Power Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Combined Heat & Power Market?
- What is the competitive strategic window for opportunities in the Global Combined Heat & Power Market?
- What are the technology trends and regulatory frameworks in the Global Combined Heat & Power Market?
- What is the market share of the leading vendors in the Global Combined Heat & Power Market?
- What modes and strategic moves are considered suitable for entering the Global Combined Heat & Power Market?
Table of Contents
1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
- 4.1. Introduction
- 4.2. Combined Heat & Power Market, by Product, 2022 vs 2030
- 4.3. Combined Heat & Power Market, by Technology, 2022 vs 2030
- 4.4. Combined Heat & Power Market, by Fuel, 2022 vs 2030
- 4.5. Combined Heat & Power Market, by Range, 2022 vs 2030
- 4.6. Combined Heat & Power Market, by Utility, 2022 vs 2030
- 4.7. Combined Heat & Power Market, by Application, 2022 vs 2030
- 4.8. Combined Heat & Power Market, by Region, 2022 vs 2030
5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Need to Reduce Greenhouse Gas Emissions Worldwide
- 5.1.1.2. Favorable Government Programs and Incentives to Promote CHP
- 5.1.1.3. Rapid Industrialization Coupled with Rising Demand for Power Generation
- 5.1.2. Restraints
- 5.1.2.1. High Initial Investment and Maintenance Cost
- 5.1.3. Opportunities
- 5.1.3.1. Integration of Thermal Energy Storage and Power-To-Heat Technologies into the Energy System
- 5.1.3.2. Rise in Trend of Distributed Power Generation
- 5.1.4. Challenges
- 5.1.4.1. Complexity Associated with System Stability and Integration in Distributed Generation System
- 5.2. Market Trends
- 5.3. Cumulative Impact of COVID-19
- 5.4. Cumulative Impact of Russia-Ukraine Conflict
- 5.5. Cumulative Impact of High Inflation
- 5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
- 5.7. Value Chain & Critical Path Analysis
- 5.8. Regulatory Framework
- 5.9. Client Customization
- 5.9.1. Factors Influencing Energy Producers' Decision
- 5.9.2. Financing Options in Equipment Acquisition
- 5.9.3. Customer Priorities When Deciding CHP Across Segments and Power Ratings
- 5.9.4. Capex Consideration for TCO Environment Service Maintenance Package for NVH
6. Combined Heat & Power Market, by Product
- 6.1. Introduction
- 6.2. Large Scale
- 6.3. Small & Micro Scale
7. Combined Heat & Power Market, by Technology
- 7.1. Introduction
- 7.2. Fuel Cells
- 7.3. Gas Turbine
- 7.4. Micro CHP
- 7.5. Spark Ignition Reciprocating Engine
- 7.6. Steam Turbine
8. Combined Heat & Power Market, by Fuel
- 8.1. Introduction
- 8.2. Biomass
- 8.3. Coal
- 8.4. Gasoline
- 8.5. Natural Gas
9. Combined Heat & Power Market, by Range
- 9.1. Introduction
- 9.2. 100-200kw
- 9.3. 20-100kW
- 9.4. 200-500kw
- 9.5. <20kW
- 9.6. >500kw
10. Combined Heat & Power Market, by Utility
- 10.1. Introduction
- 10.2. On-demand
- 10.3. Permanent
11. Combined Heat & Power Market, by Application
- 11.1. Introduction
- 11.2. Commercial
- 11.3. Industries
- 11.4. Residential
12. Americas Combined Heat & Power Market
- 12.1. Introduction
- 12.2. Argentina
- 12.3. Brazil
- 12.4. Canada
- 12.5. Mexico
- 12.6. United States
13. Asia-Pacific Combined Heat & Power Market
- 13.1. Introduction
- 13.2. Australia
- 13.3. China
- 13.4. India
- 13.5. Indonesia
- 13.6. Japan
- 13.7. Malaysia
- 13.8. Philippines
- 13.9. Singapore
- 13.10. South Korea
- 13.11. Taiwan
- 13.12. Thailand
- 13.13. Vietnam
14. Europe, Middle East & Africa Combined Heat & Power Market
- 14.1. Introduction
- 14.2. Denmark
- 14.3. Egypt
- 14.4. Finland
- 14.5. France
- 14.6. Germany
- 14.7. Israel
- 14.8. Italy
- 14.9. Netherlands
- 14.10. Nigeria
- 14.11. Norway
- 14.12. Poland
- 14.13. Qatar
- 14.14. Russia
- 14.15. Saudi Arabia
- 14.16. South Africa
- 14.17. Spain
- 14.18. Sweden
- 14.19. Switzerland
- 14.20. Turkey
- 14.21. United Arab Emirates
- 14.22. United Kingdom
15. Competitive Landscape
- 15.1. FPNV Positioning Matrix
- 15.2. Market Share Analysis, By Key Player
- 15.3. Competitive Scenario Analysis, By Key Player
16. List of Company Mentioned
17. Appendix
- 17.1. Discussion Guide
- 17.2. License & Pricing