$33.4 Billion Worldwide Combined Heat and Power (CHP) Industry to 2030: Enhanced Energy Consumption in Industrial Sector Steers CHP Deployments
Sunday, April 16, 2023
DUBLIN, Feb. 9, 2023 /PRNewswire/ -- The "Combined Heat and Power (CHP) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
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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
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact: Laura Wood | +353-1-481-1716 | press@researchandmarkets.net
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SOURCE Research and Markets
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