Know how Combined Heat and Power System Market Is Rising Globally at Us$ 4151 Million by 2029 | Caterpillar, Cummins Inc., Green Power International, Mitsubishi Hitachi Power Systems, Vaillant Group, Thermax Limited

Market Description -

Combined heat and power (CHP) is a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. By generating heat and power simultaneously, CHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation via a boiler and power station. The heat generated during this process is supplied to an appropriately matched heat demand that would otherwise be met by a conventional boiler. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating electrical or mechanical power. This allows heat requirements to be met that would otherwise require additional fuel to be burnt. For many organizations, CHP is the measure that offers the most significant single opportunity to reduce energy costs and to improve environmental performance with existing users of CHP typically saving around 20% of their energy costs.

Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. This report studies the Commercial Combined Heat and Power (CHP) System market, mainly used in the residential, service sector and others.The report focuses on the major players that are in operation within the market and their competitive landscape present in the market. The report includes an inventory of initiatives taken by the businesses within the past years. The report has mentioned growth parameters in the regional markets along with major players dominating the regional growth such as North America, Europe, China, Japan, Southeast Asia and India.

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Market Overview -

The global Combined Heat and Power System market was valued at US$ 3448.2 million in 2022 and is anticipated to reach US$ 4151 million by 2029, witnessing a CAGR of 3.1% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

Global Commercial Combined Heat and Power (CHP) System key players include Siemens, BOSCH THERMOTECHNIK, E.ON, GE, ABB, etc. Global top five manufacturers hold a share over 30%. Europe is the largest market, with a share over 40%, followed by China, and North America, both have a share about 35 percent. In terms of product, Small Scale CHP is the largest segment, with a share over 65%. And in terms of application, the largest application is Office Buildings, followed by Service Sector, etc.Global Combined Heat and Power System Market Segmented By Type : Gas and Steam Turbine Reciprocating Engine Fuel Cell and Microturbine

The Following Manufacturers Are Covered In This Report:

BDR Thermea

Bharat Heavy Electricals Limited

Capstone Turbine Corporation

Caterpillar

Clarke Energy

Yanmar

Cummins Inc.

Dong Energy

Ener-G

Green Power International

Greenesol Power Systems

Honda Motor

ISGEC Heavy Engineering Ltd.

Marathon Engine Systems

Mitsubishi Hitachi Power Systems

Wartsila

Qnergy

Siemens Ltd.

Sonic Development

Sterling and Wilson

Sumitomo

Thermax Limited

Toshiba Fuel Cell Power Systems

Vaillant Group

Global Combined Heat and Power System Market Segmented By Application:

Industrial Utilities Commercial Others

Global Combined Heat and Power System Markets: Regional Analysis

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2023 to 2029. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Region

North America

United States

Canada

Europe

Germany

France

UK

Italy

Russia

Nordic Countries

Rest of Europe

Asia-Pacific

China

Japan

South Korea

Southeast Asia

India

Australia

Rest of Asia

Latin America

Mexico

Brazil

Rest of Latin America

Middle East & Africa

Turkey

Saudi Arabia

UAE

Rest of MEA

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Report Scope

This report aims to provide a comprehensive presentation of the global market for Combined Heat and Power System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Combined Heat and Power System.

The Combined Heat and Power System market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Combined Heat and Power System market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Combined Heat and Power System companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

Table of Content

1 Report Overview

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global Combined Heat and Power System Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Gas and Steam Turbine

1.2.3 Reciprocating Engine

1.2.4 Fuel Cell and Microturbine

1.3 Market by Application

1.3.1 Global Combined Heat and Power System Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Industrial

1.3.3 Utilities

1.3.4 Commercial

1.3.5 Others

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2 Global Growth Trends

2.1 Global Combined Heat and Power System Market Perspective (2018-2029)

2.2 Combined Heat and Power System Growth Trends by Region

2.2.1 Global Combined Heat and Power System Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 Combined Heat and Power System Historic Market Size by Region (2018-2023)

2.2.3 Combined Heat and Power System Forecasted Market Size by Region (2024-2029)

2.3 Combined Heat and Power System Market Dynamics

2.3.1 Combined Heat and Power System Industry Trends

2.3.2 Combined Heat and Power System Market Drivers

2.3.3 Combined Heat and Power System Market Challenges

2.3.4 Combined Heat and Power System Market Restraints

3 Competition Landscape by Key Players

3.1 Global Top Combined Heat and Power System Players by Revenue

3.1.1 Global Top Combined Heat and Power System Players by Revenue (2018-2023)

3.1.2 Global Combined Heat and Power System Revenue Market Share by Players (2018-2023)

3.2 Global Combined Heat and Power System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by Combined Heat and Power System Revenue

3.4 Global Combined Heat and Power System Market Concentration Ratio

3.4.1 Global Combined Heat and Power System Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by Combined Heat and Power System Revenue in 2022

3.5 Combined Heat and Power System Key Players Head office and Area Served

3.6 Key Players Combined Heat and Power System Product Solution and Service

3.7 Date of Enter into Combined Heat and Power System Market

3.8 Mergers & Acquisitions, Expansion Plans

4 Combined Heat and Power System Breakdown Data by Type

4.1 Global Combined Heat and Power System Historic Market Size by Type (2018-2023)

4.2 Global Combined Heat and Power System Forecasted Market Size by Type (2024-2029)

5 Combined Heat and Power System Breakdown Data by Application

5.1 Global Combined Heat and Power System Historic Market Size by Application (2018-2023)

5.2 Global Combined Heat and Power System Forecasted Market Size by Application (2024-2029)

6 North America

6.1 North America Combined Heat and Power System Market Size (2018-2029)

6.2 North America Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America Combined Heat and Power System Market Size by Country (2018-2023)

6.4 North America Combined Heat and Power System Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7 Europe

7.1 Europe Combined Heat and Power System Market Size (2018-2029)

7.2 Europe Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe Combined Heat and Power System Market Size by Country (2018-2023)

7.4 Europe Combined Heat and Power System Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8 Asia-Pacific

8.1 Asia-Pacific Combined Heat and Power System Market Size (2018-2029)

8.2 Asia-Pacific Combined Heat and Power System Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific Combined Heat and Power System Market Size by Region (2018-2023)

8.4 Asia-Pacific Combined Heat and Power System Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9 Latin America

9.1 Latin America Combined Heat and Power System Market Size (2018-2029)

9.2 Latin America Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America Combined Heat and Power System Market Size by Country (2018-2023)

9.4 Latin America Combined Heat and Power System Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10 Middle East & Africa

10.1 Middle East & Africa Combined Heat and Power System Market Size (2018-2029)

10.2 Middle East & Africa Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa Combined Heat and Power System Market Size by Country (2018-2023)

10.4 Middle East & Africa Combined Heat and Power System Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11 Key Players Profiles

11.1 BDR Thermea

11.1.1 BDR Thermea Company Detail

11.1.2 BDR Thermea Business Overview

11.1.3 BDR Thermea Combined Heat and Power System Introduction

11.1.4 BDR Thermea Revenue in Combined Heat and Power System Business (2018-2023)

11.1.5 BDR Thermea Recent Development

11.2 Bharat Heavy Electricals Limited

11.2.1 Bharat Heavy Electricals Limited Company Detail

11.2.2 Bharat Heavy Electricals Limited Business Overview

11.2.3 Bharat Heavy Electricals Limited Combined Heat and Power System Introduction

11.2.4 Bharat Heavy Electricals Limited Revenue in Combined Heat and Power System Business (2018-2023)

11.2.5 Bharat Heavy Electricals Limited Recent Development

11.3 Capstone Turbine Corporation

11.3.1 Capstone Turbine Corporation Company Detail

11.3.2 Capstone Turbine Corporation Business Overview

11.3.3 Capstone Turbine Corporation Combined Heat and Power System Introduction

11.3.4 Capstone Turbine Corporation Revenue in Combined Heat and Power System Business (2018-2023)

11.3.5 Capstone Turbine Corporation Recent Development

11.4 Caterpillar

11.4.1 Caterpillar Company Detail

11.4.2 Caterpillar Business Overview

11.4.3 Caterpillar Combined Heat and Power System Introduction

11.4.4 Caterpillar Revenue in Combined Heat and Power System Business (2018-2023)

11.4.5 Caterpillar Recent Development

11.5 Clarke Energy

11.5.1 Clarke Energy Company Detail

11.5.2 Clarke Energy Business Overview

11.5.3 Clarke Energy Combined Heat and Power System Introduction

11.5.4 Clarke Energy Revenue in Combined Heat and Power System Business (2018-2023)

11.5.5 Clarke Energy Recent Development

11.6 Yanmar

11.6.1 Yanmar Company Detail

11.6.2 Yanmar Business Overview

11.6.3 Yanmar Combined Heat and Power System Introduction

11.6.4 Yanmar Revenue in Combined Heat and Power System Business (2018-2023)

11.6.5 Yanmar Recent Development

11.7 Cummins Inc.

11.7.1 Cummins Inc. Company Detail

11.7.2 Cummins Inc. Business Overview

11.7.3 Cummins Inc. Combined Heat and Power System Introduction

11.7.4 Cummins Inc. Revenue in Combined Heat and Power System Business (2018-2023)

11.7.5 Cummins Inc. Recent Development

11.8 Dong Energy

11.8.1 Dong Energy Company Detail

11.8.2 Dong Energy Business Overview

11.8.3 Dong Energy Combined Heat and Power System Introduction

11.8.4 Dong Energy Revenue in Combined Heat and Power System Business (2018-2023)

11.8.5 Dong Energy Recent Development

11.9 Ener-G

11.9.1 Ener-G Company Detail

11.9.2 Ener-G Business Overview

11.9.3 Ener-G Combined Heat and Power System Introduction

11.9.4 Ener-G Revenue in Combined Heat and Power System Business (2018-2023)

11.9.5 Ener-G Recent Development

11.10 Green Power International

11.10.1 Green Power International Company Detail

11.10.2 Green Power International Business Overview

11.10.3 Green Power International Combined Heat and Power System Introduction

11.10.4 Green Power International Revenue in Combined Heat and Power System Business (2018-2023)

11.10.5 Green Power International Recent Development

11.11 Greenesol Power Systems

11.11.1 Greenesol Power Systems Company Detail

11.11.2 Greenesol Power Systems Business Overview

11.11.3 Greenesol Power Systems Combined Heat and Power System Introduction

11.11.4 Greenesol Power Systems Revenue in Combined Heat and Power System Business (2018-2023)

11.11.5 Greenesol Power Systems Recent Development

11.12 Honda Motor

11.12.1 Honda Motor Company Detail

11.12.2 Honda Motor Business Overview

11.12.3 Honda Motor Combined Heat and Power System Introduction

11.12.4 Honda Motor Revenue in Combined Heat and Power System Business (2018-2023)

11.12.5 Honda Motor Recent Development

11.13 ISGEC Heavy Engineering Ltd.

11.13.1 ISGEC Heavy Engineering Ltd. Company Detail

11.13.2 ISGEC Heavy Engineering Ltd. Business Overview

11.13.3 ISGEC Heavy Engineering Ltd. Combined Heat and Power System Introduction

11.13.4 ISGEC Heavy Engineering Ltd. Revenue in Combined Heat and Power System Business (2018-2023)

11.13.5 ISGEC Heavy Engineering Ltd. Recent Development

11.14 Marathon Engine Systems

11.14.1 Marathon Engine Systems Company Detail

11.14.2 Marathon Engine Systems Business Overview

11.14.3 Marathon Engine Systems Combined Heat and Power System Introduction

11.14.4 Marathon Engine Systems Revenue in Combined Heat and Power System Business (2018-2023)

11.14.5 Marathon Engine Systems Recent Development

11.15 Mitsubishi Hitachi Power Systems

11.15.1 Mitsubishi Hitachi Power Systems Company Detail

11.15.2 Mitsubishi Hitachi Power Systems Business Overview

11.15.3 Mitsubishi Hitachi Power Systems Combined Heat and Power System Introduction

11.15.4 Mitsubishi Hitachi Power Systems Revenue in Combined Heat and Power System Business (2018-2023)

11.15.5 Mitsubishi Hitachi Power Systems Recent Development

11.16 Wartsila

11.16.1 Wartsila Company Detail

11.16.2 Wartsila Business Overview

11.16.3 Wartsila Combined Heat and Power System Introduction

11.16.4 Wartsila Revenue in Combined Heat and Power System Business (2018-2023)

11.16.5 Wartsila Recent Development

11.17 Qnergy

11.17.1 Qnergy Company Detail

11.17.2 Qnergy Business Overview

11.17.3 Qnergy Combined Heat and Power System Introduction

11.17.4 Qnergy Revenue in Combined Heat and Power System Business (2018-2023)

11.17.5 Qnergy Recent Development

11.18 Siemens Ltd.

11.18.1 Siemens Ltd. Company Detail

11.18.2 Siemens Ltd. Business Overview

11.18.3 Siemens Ltd. Combined Heat and Power System Introduction

11.18.4 Siemens Ltd. Revenue in Combined Heat and Power System Business (2018-2023)

11.18.5 Siemens Ltd. Recent Development

11.19 Sonic Development

11.19.1 Sonic Development Company Detail

11.19.2 Sonic Development Business Overview

11.19.3 Sonic Development Combined Heat and Power System Introduction

11.19.4 Sonic Development Revenue in Combined Heat and Power System Business (2018-2023)

11.19.5 Sonic Development Recent Development

11.20 Sterling and Wilson

11.20.1 Sterling and Wilson Company Detail

11.20.2 Sterling and Wilson Business Overview

11.20.3 Sterling and Wilson Combined Heat and Power System Introduction

11.20.4 Sterling and Wilson Revenue in Combined Heat and Power System Business (2018-2023)

11.20.5 Sterling and Wilson Recent Development

11.21 Sumitomo

11.21.1 Sumitomo Company Detail

11.21.2 Sumitomo Business Overview

11.21.3 Sumitomo Combined Heat and Power System Introduction

11.21.4 Sumitomo Revenue in Combined Heat and Power System Business (2018-2023)

11.21.5 Sumitomo Recent Development

11.22 Thermax Limited

11.22.1 Thermax Limited Company Detail

11.22.2 Thermax Limited Business Overview

11.22.3 Thermax Limited Combined Heat and Power System Introduction

11.22.4 Thermax Limited Revenue in Combined Heat and Power System Business (2018-2023)

11.22.5 Thermax Limited Recent Development

11.23 Toshiba Fuel Cell Power Systems

11.23.1 Toshiba Fuel Cell Power Systems Company Detail

11.23.2 Toshiba Fuel Cell Power Systems Business Overview

11.23.3 Toshiba Fuel Cell Power Systems Combined Heat and Power System Introduction

11.23.4 Toshiba Fuel Cell Power Systems Revenue in Combined Heat and Power System Business (2018-2023)

11.23.5 Toshiba Fuel Cell Power Systems Recent Development

11.24 Vaillant Group

11.24.1 Vaillant Group Company Detail

11.24.2 Vaillant Group Business Overview

11.24.3 Vaillant Group Combined Heat and Power System Introduction

11.24.4 Vaillant Group Revenue in Combined Heat and Power System Business (2018-2023)

11.24.5 Vaillant Group Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

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