Combined Heat Power Market is Estimated to Reach USD 47.46 Billion By 2030: Cognitive Market Research

Market Overview:
- Combined heat and power are a highly efficient process, which captures and uses the heat that is a by-product of the electricity generation process. These systems provide on-site electric power, heating, and cooling from a single fuel source. The power generation technology is called cogeneration. Conventional power generation plants cannot utilize the waste heat they produce.

Summary:
• Based on technology, the combined cycle segment has the largest revenue share in the combined heat and power market.
• Based on fuel type, the natural gas segment has the largest revenue share in the combined heat and power market.
• Based on application, the industrial segment has the largest revenue share in the combined heat and power market.
• Europe has the largest revenue share in the combined heat and power market.

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Market Dynamics:
- Increasing popularity of natural gas as a cost-effective and environmentally friendly alternative to oil & coal and the use of CHP technology to reduce greenhouse gas emissions. This is the key factor expected to drive the growth of the combined heat and power market. Furthermore, increasing the use of natural gas for power production and the demand for energy efficiency in industries create growth opportunities for the combined heat and power market. However, a lack of awareness about the site permissions to install these systems is expected to hamper the growth of the combined heat and power market.

Market Segmentation:
By Technology:
• Combined Cycle
Based on technology, the combined cycle segment has the largest revenue share in the combined heat and power market. This is due to the combined heat and power system used in industries with high energy demands, such as chemicals, refining, cement, pulp, paper, sugar, and medicines
• Steam Turbine
• Gas Turbine
• Reciprocating Engine
• Others

By Application:
• Commercial
• Residential
• Industrial
Based on application, the industrial segment has the largest revenue share in the combined heat and power market. This is due to the increasing use of combined heat and power systems in various sectors including the petrochemical and pharmaceutical industries projected to drive the growth of this segment.
• Utility

By Fuel Type:
• Natural Gas
Based on fuel type, the natural gas segment has the largest revenue share in the combined heat and power market. This is attributed to Natural gas-fueled combined heat and power systems dominating the market for the installation of Combined Heat and Power systems due to their low price and wide availability.
• Coal
• Biomass
• Others

By Capacity:
• Up to 10 MW
Based on capacity, the up to 10 MW segment has the largest revenue share in the combined heat and power market. This is due to residential combined heat and power systems typically ranging in size from 1.5kW to 0.5MW and operating on natural gas. In addition, compared to other conventional systems, up to 10 MW aids in lowering energy expenses.
• 10-150 MW
• 151-300 MW
• Above 300 MW

- Competitive analysis for Combined Heat Power Market : Acumentrics Corporation, Ceramic Fuel Cells, Ceres power holding, Climate energy, Cogen Microsystems, ENE Farm, Hexis, Honda Motor, Whisper tech, Others.

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Regional Analysis :
• Europe accounted for the largest share of the combined heat and power market
- Europe has the largest revenue share in the combined heat and power market. This is due to the government's necessity to decrease contamination levels in countries like Germany, the United Kingdom, and France are anticipated to drive the growth of the target market in the region.

News:
• European Marine Energy Centre has collaborated with Highlands and Islands Airports Limited
- In March 2021, The European Marine Energy Centre and Highlands and Islands Airports Limited has partnered to decarbonize combined heat and power at Kirkwall Airport through green hydrogen technology.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
• 2.1 Combined Heat Power Market Report 2023 Research Methodology
• 2.2 Systematic Research Approach
2.2.1 Primary Research
2.2.1.1 Key Data from Primary
2.2.1.2 Primary Interviews with Experts
2.2.1.3 Key Industry Insights
2.2.1.4 Questionnaire
2.2.1.5 Breakdown of Primaries
2.2.2 Secondary Research
2.2.2.1 Key Data from Secondary
2.2.2.2 Paid Sources
2.2.2.3 Public Sources
• 2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.1.1 Analyzing Market Size by Top-Down Approach (Supply Side)
2.3.1 Bottom-UP Approach
2.3.1.1 Analyzing Market Size by Bottom-Up Approach (Demand Side)
• 2.4 Market Breakdown and Data Triangulation
• 2.5 Research Assumptions
Chapter 3 Executive Summary of Combined Heat Power Market
Chapter 4 Global Combined Heat Power Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Combined Heat Power Market by Fuel Type Segmentation Analysis (2018-2030)
Chapter 9 Global Combined Heat Power Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Combined Heat Power Market by Technology Segmentation Analysis (2018-2030)
• 10.1 Detailed Qualitative Analysis
• 10.2 Global Combined Heat Power Revenue and Share (%) by Technology (2018-2030)
10.2.1 Combined Cycle Market Size
10.2.1.1 Global Combined Cycle Market Share and Revenue (USD Million) for 2018-2030
10.2.2 Steam Turbine Market Size
10.2.2.1 Global Steam Turbine Market Share and Revenue (USD Million) for 2018-2030
10.2.3 Gas Turbine Market Size
10.2.3.1 Global Gas Turbine Market Share and Revenue (USD Million) for 2018-2030
10.2.4 Reciprocating Engine Market Size
10.2.4.1 Global Reciprocating Engine Market Share and Revenue (USD Million) for 2018-2030
10.2.5 Others Market Size
10.2.5.1 Global Others Market Share and Revenue (USD Million) for 2018-2030
Chapter 11 Global Combined Heat Power Market by Capacity Segmentation Analysis (2018-2030)
Chapter 12 Global Combined Heat Power Market Regional Analysis
Chapter 13 North America Combined Heat Power Market Outlook (2018 - 2030)
Chapter 14 Europe Combined Heat Power Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Combined Heat Power Market Outlook (2018 - 2030)
Chapter 16 Latin America Combined Heat Power Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Combined Heat Power Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customized/Exclusive Report Access on Request

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