Combined Heat & Power - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Combined Heat & Power Market is accounted for $639.65 billion in 2017 and expected to grow at a CAGR of 5.0% to reach $996.38 billion by 2026. Growing command for energy efficiency in industries, governments programs & incentives for promotion and increase in the usage of natural gas to generate power are some of the factors driving the market growth. On the other hand, the high maintenance & installation costs incurred are hampering the market.
Combined heat and power (CHP) is an efficient and clean method in generating electric power and useful thermal energy from a single fuel source. It depicts a series of reliable and cost-effective technologies which makes a significant contribution for meeting global heat and electricity demand. It is a clean energy solution that directly addresses a number of national priorities, including improving U.S. competitiveness by reducing energy operating costs, greenhouse gas emissions and increasing energy efficiency.
By type, Micro combined heat power generation is one of the version of CHP methods in generation of heat and electricity simultaneously. The benefits of micro CHP systems include the easy and efficient product of heat and electricity. Moreover electricity can be generated as the byproduct of heat generation. Requirement for low carbon emission technologies and use of waste resources are boosting the micro combined heat and power market. Adoption of micro CHP systems is increasing with growing fuel poverty, reduced carbon emissions, climatic changes and energy security.
By end user, Industrial sector is growing predominantly. The combined heat & power systems are widely used in industries such as petrochemicals and pharmaceuticals. Industrial CHP systems generate electricity and also capture heat that is otherwise treated as waste. Industrial systems also have benefited by having this system setup of generating thermal energy which can be used as utility for heating or it can be converted to electricity. This thermal energy can also be converted to cooling when it is connected to an adsorption chiller and thus taking advantage of low-cost fuels.
Based on geography, Europe has the easy availability of natural gas and makes installation relatively easier & more cost-effective. This region is one of the global leaders in micro-CHP engine with innovation and manufacturing centers in Germany, the Netherlands and the U.K. This has been spurring the demand for CHP installations in countries such as Belgium, Germany, Italy, and the Netherlands.
Some of the key players in the Combined Heat & Power Market include ABB Ltd, Aegis Energy Services Inc., Bosch Thermotechnology Ltd, Caterpillar Inc., ENER-G Rudox, FuelCell Energy Inc., General Electric Company, Kawasaki Heavy Industries Ltd, MAN Diesel & Turbo (MAN SE), Mitsubishi Heavy Industries Ltd, Siemens AG, Viessmann Werke GmbH & Co. KG, Wartsila Oyj Abp and Fuelcell Energy.
Types Covered:
Combined heat and power (CHP) is an efficient and clean method in generating electric power and useful thermal energy from a single fuel source. It depicts a series of reliable and cost-effective technologies which makes a significant contribution for meeting global heat and electricity demand. It is a clean energy solution that directly addresses a number of national priorities, including improving U.S. competitiveness by reducing energy operating costs, greenhouse gas emissions and increasing energy efficiency.
By type, Micro combined heat power generation is one of the version of CHP methods in generation of heat and electricity simultaneously. The benefits of micro CHP systems include the easy and efficient product of heat and electricity. Moreover electricity can be generated as the byproduct of heat generation. Requirement for low carbon emission technologies and use of waste resources are boosting the micro combined heat and power market. Adoption of micro CHP systems is increasing with growing fuel poverty, reduced carbon emissions, climatic changes and energy security.
By end user, Industrial sector is growing predominantly. The combined heat & power systems are widely used in industries such as petrochemicals and pharmaceuticals. Industrial CHP systems generate electricity and also capture heat that is otherwise treated as waste. Industrial systems also have benefited by having this system setup of generating thermal energy which can be used as utility for heating or it can be converted to electricity. This thermal energy can also be converted to cooling when it is connected to an adsorption chiller and thus taking advantage of low-cost fuels.
Based on geography, Europe has the easy availability of natural gas and makes installation relatively easier & more cost-effective. This region is one of the global leaders in micro-CHP engine with innovation and manufacturing centers in Germany, the Netherlands and the U.K. This has been spurring the demand for CHP installations in countries such as Belgium, Germany, Italy, and the Netherlands.
Some of the key players in the Combined Heat & Power Market include ABB Ltd, Aegis Energy Services Inc., Bosch Thermotechnology Ltd, Caterpillar Inc., ENER-G Rudox, FuelCell Energy Inc., General Electric Company, Kawasaki Heavy Industries Ltd, MAN Diesel & Turbo (MAN SE), Mitsubishi Heavy Industries Ltd, Siemens AG, Viessmann Werke GmbH & Co. KG, Wartsila Oyj Abp and Fuelcell Energy.
Types Covered:
- Micro and Small-scale
- Large-scale
- Coal
- Biomass
- Natural Gas
- Other Fuels
- Steam Turbine
- Reciprocating Engine
- Gas Turbine
- Combined Cycle
- Other Technologies
- Above 300 MW
- 151–300 MW
- 10–150 MW
- Up to 10 MW
- Industrial
- Residential
- Commercial
- Utilities, District Heating and Cooling
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
1 EXECUTIVE SUMMARY
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL COMBINED HEAT & POWER MARKET, BY TYPE
5.1 Introduction
5.2 Micro and Small-scale
5.3 Large-scale
6 GLOBAL COMBINED HEAT & POWER MARKET, BY FUEL
6.1 Introduction
6.2 Coal
6.3 Biomass
6.4 Natural Gas
6.5 Other Fuels
6.5.1 Waste Heat
6.5.2 Wood
6.5.3 Oil
7 GLOBAL COMBINED HEAT & POWER MARKET, BY TECHNOLOGY
7.1 Introduction
7.2 Steam Turbine
7.3 Reciprocating Engine
7.4 Gas Turbine
7.5 Combined Cycle
7.6 Other Technologies
7.6.1 Microturbine
7.6.2 Fuel Cell
7.6.3 Waste Heat Recovery
8 GLOBAL COMBINED HEAT & POWER MARKET, BY CAPACITY
8.1 Introduction
8.2 Above 300 MW
8.3 151–300 MW
8.4 10–150 MW
8.5 Up to 10 MW
9 GLOBAL COMBINED HEAT & POWER MARKET, BY END USER
9.1 Introduction
9.2 Industrial
9.2.1 Paper
9.2.2 Chemical
9.2.3 Primary Metals
9.2.4 Food
9.2.5 Petroleum Refining
9.3 Residential
9.3.1 Water Heating
9.3.2 Cooking
9.3.3 Space Heating/Cooling
9.3.4 Lighting
9.4 Commercial
9.4.1 Office Building
9.4.2 Educational Institution
9.4.3 Government/Military
9.4.4 District Energy
9.5 Utilities, District Heating and Cooling
10 GLOBAL COMBINED HEAT & POWER MARKET, BY GEOGRAPHY
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 KEY DEVELOPMENTS
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 COMPANY PROFILING
12.1 ABB Ltd
12.2 Aegis Energy Services Inc.
12.3 Bosch Thermotechnology Ltd
12.4 Caterpillar Inc.
12.5 ENER-G Rudox
12.6 FuelCell Energy Inc.
12.7 General Electric Company
12.8 Kawasaki Heavy Industries Ltd
12.9 MAN Diesel & Turbo (MAN SE)
12.10 Mitsubishi Heavy Industries Ltd
12.11 Siemens AG
12.12 Viessmann Werke GmbH & Co. KG
12.13 Wartsila Oyj Abp
12.14 Fuelcell Energy
2 PREFACE
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 MARKET TREND ANALYSIS
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Futuristic Market Scenario
4 PORTERS FIVE FORCE ANALYSIS
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 GLOBAL COMBINED HEAT & POWER MARKET, BY TYPE
5.1 Introduction
5.2 Micro and Small-scale
5.3 Large-scale
6 GLOBAL COMBINED HEAT & POWER MARKET, BY FUEL
6.1 Introduction
6.2 Coal
6.3 Biomass
6.4 Natural Gas
6.5 Other Fuels
6.5.1 Waste Heat
6.5.2 Wood
6.5.3 Oil
7 GLOBAL COMBINED HEAT & POWER MARKET, BY TECHNOLOGY
7.1 Introduction
7.2 Steam Turbine
7.3 Reciprocating Engine
7.4 Gas Turbine
7.5 Combined Cycle
7.6 Other Technologies
7.6.1 Microturbine
7.6.2 Fuel Cell
7.6.3 Waste Heat Recovery
8 GLOBAL COMBINED HEAT & POWER MARKET, BY CAPACITY
8.1 Introduction
8.2 Above 300 MW
8.3 151–300 MW
8.4 10–150 MW
8.5 Up to 10 MW
9 GLOBAL COMBINED HEAT & POWER MARKET, BY END USER
9.1 Introduction
9.2 Industrial
9.2.1 Paper
9.2.2 Chemical
9.2.3 Primary Metals
9.2.4 Food
9.2.5 Petroleum Refining
9.3 Residential
9.3.1 Water Heating
9.3.2 Cooking
9.3.3 Space Heating/Cooling
9.3.4 Lighting
9.4 Commercial
9.4.1 Office Building
9.4.2 Educational Institution
9.4.3 Government/Military
9.4.4 District Energy
9.5 Utilities, District Heating and Cooling
10 GLOBAL COMBINED HEAT & POWER MARKET, BY GEOGRAPHY
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 KEY DEVELOPMENTS
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 COMPANY PROFILING
12.1 ABB Ltd
12.2 Aegis Energy Services Inc.
12.3 Bosch Thermotechnology Ltd
12.4 Caterpillar Inc.
12.5 ENER-G Rudox
12.6 FuelCell Energy Inc.
12.7 General Electric Company
12.8 Kawasaki Heavy Industries Ltd
12.9 MAN Diesel & Turbo (MAN SE)
12.10 Mitsubishi Heavy Industries Ltd
12.11 Siemens AG
12.12 Viessmann Werke GmbH & Co. KG
12.13 Wartsila Oyj Abp
12.14 Fuelcell Energy
LIST OF TABLES
Table 1 Global Combined Heat & Power Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Combined Heat & Power Market Outlook, By Type (2016-2026) ($MN)
Table 3 Global Combined Heat & Power Market Outlook, By Micro and Small-scale (2016-2026) ($MN)
Table 4 Global Combined Heat & Power Market Outlook, By Large-scale (2016-2026) ($MN)
Table 5 Global Combined Heat & Power Market Outlook, By Fuel (2016-2026) ($MN)
Table 6 Global Combined Heat & Power Market Outlook, By Coal (2016-2026) ($MN)
Table 7 Global Combined Heat & Power Market Outlook, By Biomass (2016-2026) ($MN)
Table 8 Global Combined Heat & Power Market Outlook, By Natural Gas (2016-2026) ($MN)
Table 9 Global Combined Heat & Power Market Outlook, By Other Fuels (2016-2026) ($MN)
Table 10 Global Combined Heat & Power Market Outlook, By Waste Heat (2016-2026) ($MN)
Table 11 Global Combined Heat & Power Market Outlook, By Wood (2016-2026) ($MN)
Table 12 Global Combined Heat & Power Market Outlook, By Oil (2016-2026) ($MN)
Table 13 Global Combined Heat & Power Market Outlook, By Technology (2016-2026) ($MN)
Table 14 Global Combined Heat & Power Market Outlook, By Steam Turbine (2016-2026) ($MN)
Table 15 Global Combined Heat & Power Market Outlook, By Reciprocating Engine (2016-2026) ($MN)
Table 16 Global Combined Heat & Power Market Outlook, By Gas Turbine (2016-2026) ($MN)
Table 17 Global Combined Heat & Power Market Outlook, By Combined Cycle (2016-2026) ($MN)
Table 18 Global Combined Heat & Power Market Outlook, By Other Technologies (2016-2026) ($MN)
Table 19 Global Combined Heat & Power Market Outlook, By Microturbine (2016-2026) ($MN)
Table 20 Global Combined Heat & Power Market Outlook, By Fuel Cell (2016-2026) ($MN)
Table 21 Global Combined Heat & Power Market Outlook, By Waste Heat Recovery (2016-2026) ($MN)
Table 22 Global Combined Heat & Power Market Outlook, By Capacity (2016-2026) ($MN)
Table 23 Global Combined Heat & Power Market Outlook, By Above 300 MW (2016-2026) ($MN)
Table 24 Global Combined Heat & Power Market Outlook, By 151–300 MW (2016-2026) ($MN)
Table 25 Global Combined Heat & Power Market Outlook, By 10–150 MW (2016-2026) ($MN)
Table 26 Global Combined Heat & Power Market Outlook, By Up to 10 MW (2016-2026) ($MN)
Table 27 Global Combined Heat & Power Market Outlook, By End User (2016-2026) ($MN)
Table 28 Global Combined Heat & Power Market Outlook, By Industrial (2016-2026) ($MN)
Table 29 Global Combined Heat & Power Market Outlook, By Paper (2016-2026) ($MN)
Table 30 Global Combined Heat & Power Market Outlook, By Chemical (2016-2026) ($MN)
Table 31 Global Combined Heat & Power Market Outlook, By Primary Metals (2016-2026) ($MN)
Table 32 Global Combined Heat & Power Market Outlook, By Food (2016-2026) ($MN)
Table 33 Global Combined Heat & Power Market Outlook, By Petroleum Refining (2016-2026) ($MN)
Table 34 Global Combined Heat & Power Market Outlook, By Residential (2016-2026) ($MN)
Table 35 Global Combined Heat & Power Market Outlook, By Water Heating (2016-2026) ($MN)
Table 36 Global Combined Heat & Power Market Outlook, By Cooking (2016-2026) ($MN)
Table 37 Global Combined Heat & Power Market Outlook, By Space Heating/Cooling (2016-2026) ($MN)
Table 38 Global Combined Heat & Power Market Outlook, By Lighting (2016-2026) ($MN)
Table 39 Global Combined Heat & Power Market Outlook, By Commercial (2016-2026) ($MN)
Table 40 Global Combined Heat & Power Market Outlook, By Office Building (2016-2026) ($MN)
Table 41 Global Combined Heat & Power Market Outlook, By Educational Institution (2016-2026) ($MN)
Table 42 Global Combined Heat & Power Market Outlook, By Government/Military (2016-2026) ($MN)
Table 43 Global Combined Heat & Power Market Outlook, By District Energy (2016-2026) ($MN)
Table 44 Global Combined Heat & Power Market Outlook, By Utilities, District Heating and Cooling (2016-2026) ($MN)
Note: North America, Europe, Asia Pacific, South America and Middle East & Africa tables are represented in above manner.
Table 1 Global Combined Heat & Power Market Outlook, By Region (2016-2026) ($MN)
Table 2 Global Combined Heat & Power Market Outlook, By Type (2016-2026) ($MN)
Table 3 Global Combined Heat & Power Market Outlook, By Micro and Small-scale (2016-2026) ($MN)
Table 4 Global Combined Heat & Power Market Outlook, By Large-scale (2016-2026) ($MN)
Table 5 Global Combined Heat & Power Market Outlook, By Fuel (2016-2026) ($MN)
Table 6 Global Combined Heat & Power Market Outlook, By Coal (2016-2026) ($MN)
Table 7 Global Combined Heat & Power Market Outlook, By Biomass (2016-2026) ($MN)
Table 8 Global Combined Heat & Power Market Outlook, By Natural Gas (2016-2026) ($MN)
Table 9 Global Combined Heat & Power Market Outlook, By Other Fuels (2016-2026) ($MN)
Table 10 Global Combined Heat & Power Market Outlook, By Waste Heat (2016-2026) ($MN)
Table 11 Global Combined Heat & Power Market Outlook, By Wood (2016-2026) ($MN)
Table 12 Global Combined Heat & Power Market Outlook, By Oil (2016-2026) ($MN)
Table 13 Global Combined Heat & Power Market Outlook, By Technology (2016-2026) ($MN)
Table 14 Global Combined Heat & Power Market Outlook, By Steam Turbine (2016-2026) ($MN)
Table 15 Global Combined Heat & Power Market Outlook, By Reciprocating Engine (2016-2026) ($MN)
Table 16 Global Combined Heat & Power Market Outlook, By Gas Turbine (2016-2026) ($MN)
Table 17 Global Combined Heat & Power Market Outlook, By Combined Cycle (2016-2026) ($MN)
Table 18 Global Combined Heat & Power Market Outlook, By Other Technologies (2016-2026) ($MN)
Table 19 Global Combined Heat & Power Market Outlook, By Microturbine (2016-2026) ($MN)
Table 20 Global Combined Heat & Power Market Outlook, By Fuel Cell (2016-2026) ($MN)
Table 21 Global Combined Heat & Power Market Outlook, By Waste Heat Recovery (2016-2026) ($MN)
Table 22 Global Combined Heat & Power Market Outlook, By Capacity (2016-2026) ($MN)
Table 23 Global Combined Heat & Power Market Outlook, By Above 300 MW (2016-2026) ($MN)
Table 24 Global Combined Heat & Power Market Outlook, By 151–300 MW (2016-2026) ($MN)
Table 25 Global Combined Heat & Power Market Outlook, By 10–150 MW (2016-2026) ($MN)
Table 26 Global Combined Heat & Power Market Outlook, By Up to 10 MW (2016-2026) ($MN)
Table 27 Global Combined Heat & Power Market Outlook, By End User (2016-2026) ($MN)
Table 28 Global Combined Heat & Power Market Outlook, By Industrial (2016-2026) ($MN)
Table 29 Global Combined Heat & Power Market Outlook, By Paper (2016-2026) ($MN)
Table 30 Global Combined Heat & Power Market Outlook, By Chemical (2016-2026) ($MN)
Table 31 Global Combined Heat & Power Market Outlook, By Primary Metals (2016-2026) ($MN)
Table 32 Global Combined Heat & Power Market Outlook, By Food (2016-2026) ($MN)
Table 33 Global Combined Heat & Power Market Outlook, By Petroleum Refining (2016-2026) ($MN)
Table 34 Global Combined Heat & Power Market Outlook, By Residential (2016-2026) ($MN)
Table 35 Global Combined Heat & Power Market Outlook, By Water Heating (2016-2026) ($MN)
Table 36 Global Combined Heat & Power Market Outlook, By Cooking (2016-2026) ($MN)
Table 37 Global Combined Heat & Power Market Outlook, By Space Heating/Cooling (2016-2026) ($MN)
Table 38 Global Combined Heat & Power Market Outlook, By Lighting (2016-2026) ($MN)
Table 39 Global Combined Heat & Power Market Outlook, By Commercial (2016-2026) ($MN)
Table 40 Global Combined Heat & Power Market Outlook, By Office Building (2016-2026) ($MN)
Table 41 Global Combined Heat & Power Market Outlook, By Educational Institution (2016-2026) ($MN)
Table 42 Global Combined Heat & Power Market Outlook, By Government/Military (2016-2026) ($MN)
Table 43 Global Combined Heat & Power Market Outlook, By District Energy (2016-2026) ($MN)
Table 44 Global Combined Heat & Power Market Outlook, By Utilities, District Heating and Cooling (2016-2026) ($MN)
Note: North America, Europe, Asia Pacific, South America and Middle East & Africa tables are represented in above manner.
