Press release
Combined Heat & Power Market worth $41.50 billion by 2030, growing at a CAGR of 5.96% - Exclusive Report by 360iResearch
Combined Heat & Power Market | 360iResearch
The Global Combined Heat & Power Market to grow from USD 27.65 billion in 2023 to USD 41.50 billion by 2030, at a CAGR of 5.96%.
Request a Free Sample Report @ https://www.360iresearch.com/library/intelligence/combined-heat-power?utm_source=openpr&utm_medium=referral&utm_campaign=sample
The combined heat & power (CHP) systems produce electricity and useful thermal energy in an integrated process. CHP installations provide more efficient fuel by capturing and utilizing heat typically wasted during electricity generation, turning it into thermal energy for heating or cooling applications. These systems substantially improve overall efficiency and reduce greenhouse gas emissions by capturing excess heat generated during power production and utilizing it for heating. Micro CHP boilers create heat for spaces and hot water and produce electricity for residential use. Modern CHP systems can utilize a variety of fuels, including natural gas, biomass, biogas, coal, oil, and even solar or geothermal energy. Moreover, there is an increasing demand for energy efficiency, a rising emphasis on reducing greenhouse gas emissions, and supportive government policies that enhance the adoption of CHP systems. However, high initial capital investment costs and lengthy payback periods due to fluctuating fuel prices significantly impede the adoption of combined heat & power systems. In addition, the growing trend toward distributed energy generation has opened up opportunities for smaller-scale CHP installations in commercial buildings, hospitals, universities, and residential complexes across the United States. Technological advancements in CHP system components have improved performance and reduced installation costs, making them more attractive to potential end-users.
In the Americas region, the combined heat and power (CHP) market has grown steadily over the past few decades owing to the increasing demand for energy-efficiency power system production and growing American policymakers, which enhance the adoption of CHP systems. The United States Department of Energy (DOE) actively supports CHP deployment through various policies, incentives, and research programs to improve system efficiency and reduce emissions in multiple states, including California, Texas, Florida, and Ohio. In January 2023, the Canada Renewable Energy Association announced that Canada has an installed capacity of more than 19 gigawatts (GW) of utility-scale wind and solar power, adding more than 1.8 GW of new generation capacity in 2022. Moreover, the Environmental Protection Agency (EPA) promotes using combined heat and power systems more effectively to achieve cost-effective emissions reductions by increasing the region's energy supply efficiency. Distributed generation systems, primarily combined heat and power generators to provide electricity during power outages, quickly gained acceptance in the South American market. Several countries, including Argentina, Chile, and Brazil, are adopting new regulations to allow small generators to attach directly to the distribution grid and sell their surplus power back into the grid. In Argentina, federal law 27424 established a national framework for promoting distributed renewable energy generation connected to the grid. This law aims to set the policies and establish the legal and contractual conditions for generating electric power from renewable sources. In Brazil, the installed capacity of distributed systems has surged to 1.2 GW through 101,761 projects in 2019 and is expected to reach 12 GW by 2027. The regional market players, including General Electric Company, Caterpillar Inc., Cummins Inc., and FuelCell Energy, Inc., focus on acquisition and collaboration activities to provide customers with low greenhouse gas emissions products and technology. The emergence of novel combined heat and power technologies to produce thermal and electric energies to meet the growing energy demand is anticipated to foster the combined heat and power market in the Americas region.
Market Segmentation & Coverage:
This research report categorizes the 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 84.76% in 2023, 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 32.22% in 2023, 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 28.19% in 2023, followed by Gasoline.
Based on Range, market is studied across 100-200kw, 20-100kW, 200-500kw, 500kw. The 200-500kw commanded largest market share of 30.16% in 2023, followed by >500kw.
Based on Utility, market is studied across On-demand and Permanent. The Permanent commanded largest market share of 87.54% in 2023, followed by On-demand.
Based on Application, market is studied across Commercial, Industries, and Residential. The Industries commanded largest market share of 74.27% in 2023, 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 Europe, Middle East & Africa commanded largest market share of 35.55% in 2023, followed by Asia-Pacific.
Inquire Before Buying @ https://www.360iresearch.com/library/intelligence/combined-heat-power?utm_source=openpr&utm_medium=referral&utm_campaign=inquire
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the 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 the Combined Heat & Power Market. 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.
Key Company Profiles:
The report delves into recent significant developments in the Combined Heat & Power Market, highlighting leading vendors and their innovative profiles. These include 2G Energy AG, ABB Ltd., Alfa Laval AB, ATCO Ltd., Axiom Energy Group, LLC, BDR Thermea Group B.V., Cain Industries, Capstone Green Energy Corporation, Caterpillar Inc., Centrica PLC, Clarke Energy Limited by Kohler Co., Cummins Inc., Curtis Power Solutions, LLC by Indel Power Group Company, Enexor Energy LLC, FuelCell Energy, Inc., General Electric Company, MAN Energy Solutions SE, Mitsubishi Heavy Industries, Ltd., Ricardo PLC, Robert Bosch GmbH, Rolls-Royce PLC, Schneider Electric SE, Siemens AG, Tecogen, Inc., Veolia Environnement SA, Viessmann Werke GmbH & Co. KG, Wärtsilä Corporation, and Yanmar Holdings Co., Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Combined Heat & Power Market, by Product
7. Combined Heat & Power Market, by Technology
8. Combined Heat & Power Market, by Fuel
9. Combined Heat & Power Market, by Range
10. Combined Heat & Power Market, by Utility
11. Combined Heat & Power Market, by Application
12. Americas Combined Heat & Power Market
13. Asia-Pacific Combined Heat & Power Market
14. Europe, Middle East & Africa Combined Heat & Power Market
15. Competitive Landscape
16. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Combined Heat & Power Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Combined Heat & Power Market?
3. What is the competitive strategic window for opportunities in the Combined Heat & Power Market?
4. What are the technology trends and regulatory frameworks in the Combined Heat & Power Market?
5. What is the market share of the leading vendors in the Combined Heat & Power Market?
6. What modes and strategic moves are considered suitable for entering the Combined Heat & Power Market?
Read More @ https://www.360iresearch.com/library/intelligence/combined-heat-power?utm_source=openpr&utm_medium=referral&utm_campaign=analyst
Contact 360iResearch
Mr. Ketan Rohom
Sales & Marketing,
Office No. 519, Nyati Empress,
Opposite Phoenix Market City,
Vimannagar, Pune, Maharashtra,
India - 411014.
sales@360iresearch.com
+1-530-264-8485
+91-922-607-7550
About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Combined Heat & Power Market worth $41.50 billion by 2030, growing at a CAGR of 5.96% - Exclusive Report by 360iResearch here
News-ID: 3407748 • Views: …
More Releases from 360iResearch
Rising Incidence of Human Metapneumovirus in Vulnerable Populations Boosts Globa …
In recent years, the silent ascent of human metapneumovirus (HMPV) infections has begun to capture significant attention within the realm of infectious diseases. As we advance in medical science, unraveling complexities of age-old pathogens like common influenza or emerging illnesses like COVID-19, a critical discourse has been emerging around HMPV. Particularly, there seems to be a burgeoning acknowledgment of its growing impact on vulnerable global populations, propelling an increased demand…
The Meat Alternatives Market size was estimated at USD 9.39 billion in 2023 and …
From Appetite to Advocacy: The Rising Demand for Meat Alternatives
In recent years, the global food industry has been undergoing a remarkable transformation, driven primarily by an increasing consumer demand for healthier, sustainable, and ethically sourced food products. This seismic shift has brought traditional meat alternatives and high-protein plant-based foods into the spotlight. As the world becomes more conscious of the implications of meat consumption on health and the environment, the…
The Mobility-as-a-Service Market size was estimated at USD 264.80 billion in 202 …
Unpacking the Surge in Investments and Collaborations to Bolster Mobility-as-a-Service
In recent years, as urban landscapes continually evolve, a transformative shift known as Mobility-as-a-Service (MaaS) has reshaped the way we perceive transportation. Marked by the integration of various forms of transport services into a single accessible on-demand mobility solution, MaaS is rapidly gaining traction across global cities. As an emerging paradigm, it's not just shaping the future of travel but also…
The Data Center Services Market size was estimated at USD 56.65 billion in 2023 …
Smart City Revolutions: Why Data Center Colocation is the Future Backbone
In the era of digital transformation, urban landscapes across the globe are undergoing a seismic shift toward becoming "smart cities." The concept of a smart city revolves around using digital technology, IoT (Internet of Things), AI, and data analytics at an unprecedented scale to improve urban infrastructure, manage resources efficiently, and enhance the quality of life for citizens. A vital…
More Releases for Power
Thermal power Market is Gaining Momentum with Enel, TATA Power, Reliance Power
The Latest Released Thermal power market study has evaluated the future growth potential of Thermal power market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges,…
Japan Power Market Outlook to 2030, Update 2018 – The Kansai Electric Power, C …
Japan Power Market
This report elaborates Japan's power market structure and provides historical and forecast numbers for capacity, generation, and consumption up to 2030. Detailed analysis of the Japanese power market's regulatory structure, import and export trends, competitive landscape, and power projects at various stages of the supply chain is provided. The report also gives a snapshot of the power sector in Japan on broad parameters of macroeconomics, supply security, generation…
Global Power Rental Market Insight Report 2018 - Rental Power Solutions, Power E …
The global "Power Rental" Market research report gives point to point breakdown along with the data of Power Rental market’s analytical study, regional analysis, growth factors and leading companies. The research report about the market provides the data about the aspects which drive the expansion of Power Rental industry. The Power Rental market consists of large key companies who play a vital role in the production, manufacturing, sales and distribution…
Japan: Geothermal Power Market Power Plants, Regulations and Company Profiles 20 …
"Geothermal Power in Japan, Market Outlook to 2030, Update 2018-Capacity, Generation, Power Plants, Regulations and Company Profiles", is the latest report from Publisher, the industry analysis specialists that offer comprehensive information and understanding of the Geothermal market in Japan.
The report provides an in-depth analysis on global renewable power market and global Geothermal market with forecasts up to 2030. The report analyzes the power market scenario in Japan (includes conventional Hydro,…
Fluid Power Systems Market SWOT Analysis by Key Players: Parker, Eaton, Tokyo Ke …
QY Research has lately published a new report on “Global Fluid Power Systems Market: Industrial Chain Market Insights, Growth Trends and Competitive Analysis 2025,” for the forecasted period 8-years, i.e. between 2017 and 2025.
The Fluid Power Systems market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been considered…
New research on Medical Power Supply Market To 2022 Profiling SL Power Electroni …
This Global Medical Power Supply market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail. Well explained SWOT analysis, revenue share and contact information are shared in this…
