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Combined Heat and Power Market by Fuel (Natural Gas, Coal, Biomass, and Others), by Technology (Gas Turbine, Steam Turbine, Fuel Cell, and Others), and by End-Use (Residential, Industrial, and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2024

Published Date: 15-Jan-2019 Category: Energy & Mining Report Format : PDF Pages: 110 Report Code: ZMR-3729 Status : Published

Global combined heat and power market expected to generate around USD 23.17 billion by 2024, at a CAGR of around 5.24% between 2018 and 2024. The process of combined heat and power is also known as cogeneration and can be best described as an efficient method for producing energy.

Description

The report covers a forecast and an analysis of the combined heat and power market on a global and regional level. The study provides historical data for 2015, 2016, and 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints of the combined heat and power market along with the impact they have on the demand over the forecast time period. Additionally, the report includes the study of opportunities available in the combined heat and power market on a global level.

In order to give the users of this report a comprehensive view of the combined heat and power market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Combined Heat and Power Market

The report provides company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research& development, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

The study provides a decisive view of the combined heat and power market by segmenting the market based on fuel, technology, end-use, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Some key industry players of the combined heat and power market include General Electric, Kawasaki, Bosch Thermotechnology, MAN Diesel & Turbo, ENER-G Rudox, Caterpillar, Mitsubishi, Wartsila, ABB, 2G Energy, Aegis Energy, Yanmar, and Siemens AG, among others.

This report segments the global combined heat and power market into:

Global Combined Heat and Power Market: Fuel Analysis

  • Natural Gas
  • Coal
  • Biomass
  • Others

Global Combined Heat and Power Market: Technology Analysis

  • Gas Turbine
  • Steam Turbine
  • Fuel Cell
  • Others

Global Combined Heat and Power Market: End-use Analysis

  • Residential
  • Industrial
  • Commercial

Global Combined Heat and Power Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Combined Heat and Power market, 2015 - 2024 (USD Billion)
    • 2.2. Global Combined Heat and Power market: snapshot
  •  
  • Chapter 3. Combined Heat and Power Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Global Combined Heat and Power market drivers: impact analysis
      • 3.2.2. Increasing demand for energy efficiency in industries
    • 3.3. Market Restraints
      • 3.3.1. Global Combined Heat and Power market restraints: impact analysis
      • 3.3.2. Volatility in gas prices
    • 3.4. Opportunities
      • 3.4.1. Regulatory policies and initiatives by government globally
    • 3.5. Porter's Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis, by fuel
      • 3.6.2. Market attractiveness analysis, by technology
      • 3.6.3. Market attractiveness analysis, by end-use
      • 3.6.4. Market attractiveness analysis, by region
  •  
  • Chapter 4. Global Combined Heat and Power Market - Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Combined Heat and Power market: company market share, 2017
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New product launch
      • 4.2.3. Agreements, partnerships, collaborations and joint ventures
      • 4.2.4. Research and development and regional expansion
  •  
  • Chapter 5. Global Combined Heat and Power Market - Fuel Analysis
    • 5.1. Global Combined Heat and Power market: Fuel overview
      • 5.1.1. Global Combined Heat and Power market revenue share, by Fuel, 2017 and 2024
    • 5.2. Natural Gas
      • 5.2.1. Global Combined Heat and Power market for Natural Gas, 2015 - 2024 (USD Billion)
    • 5.3. Coal
      • 5.3.1. Global Combined Heat and Power market for Coal, 2015 - 2024 (USD Billion)
    • 5.4. Biomass
      • 5.4.1. Global Combined Heat and Power market for Biomass, 2015 - 2024 (USD Billion)
    • 5.5. Others
      • 5.5.1. Global Combined Heat and Power market for Others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 6. Global Combined Heat and Power Market - Technology Analysis
    • 6.1. Global Combined Heat and Power market: Technology overview
      • 6.1.1. Global Combined Heat and Power market revenue share, by Technology, 2017 and 2024
    • 6.2. Gas Turbine
      • 6.2.1. Global Combined Heat and Power market for Gas Turbine, 2015 - 2024 (USD Billion)
    • 6.3. Steam Turbine
      • 6.3.1. Global Combined Heat and Power market for Steam Turbine, 2015 - 2024 (USD Billion)
    • 6.4. Fuel Cell
      • 6.4.1. Global Combined Heat and Power market for Fuel Cell, 2015 - 2024 (USD Billion)
    • 6.5. Others
      • 6.5.1. Global Combined Heat and Power market for others, 2015 - 2024 (USD Billion)
  •  
  • Chapter 7. Global Combined Heat and Power Market - End-use Analysis
    • 7.1. Global Combined Heat and Power market: End-use overview
      • 7.1.1. Global Combined Heat and Power market revenue share, by End-use, 2017 and 2024
    • 7.2. Industrial
      • 7.2.1. Global Combined Heat and Power market for Industrial, 2015 - 2024 (USD Billion)
    • 7.3. Residential
      • 7.3.1. Global Combined Heat and Power market for Residential, 2015 - 2024 (USD Billion)
    • 7.4. Commercial
      • 7.4.1. Global Combined Heat and Power market for Commercial, 2015 - 2024 (USD Billion)
  •  
  • Chapter 8. Global Combined Heat and Power Market - Regional Analysis
    • 8.1. Global Combined Heat and Power market: regional overview
      • 8.1.1. Global Combined Heat and Power market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
      • 8.2.2. North America Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
      • 8.2.3. North America Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.2.4.2. The U.S. Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.2.4.3. The U.S. Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.2.5. Canada
        • 8.2.5.1. Canada Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.2.5.2. Canada Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.2.5.3. Canada Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.2.6. Mexico
        • 8.2.6.1. Mexico Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.2.6.2. Mexico Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.2.6.3. Mexico Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. Europe Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
      • 8.3.2. Europe Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
      • 8.3.3. Europe Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.3.4. UK
        • 8.3.4.1. UK Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.3.4.2. UK Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.3.4.3. UK Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.3.5. Germany
        • 8.3.5.1. Germany Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.3.5.2. Germany Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.3.5.3. Germany Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. France Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.3.6.2. France Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.3.6.3. France Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.3.7. Spain
        • 8.3.7.1. Spain Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.3.7.2. Spain Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.3.7.3. Spain Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.3.8. Russia
        • 8.3.8.1. Russia Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.3.8.2. Russia Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.3.8.3. Russia Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.3.9. Italy
        • 8.3.9.1. Italy Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.3.9.2. Italy Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.3.9.3. Italy Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
      • 8.4.2. Asia Pacific Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.4.3. Asia Pacific Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. China Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
        • 8.4.4.2. China Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.4.3. China Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. Japan Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
        • 8.4.5.2. Japan Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.5.3. Japan Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. India Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
        • 8.4.6.2. India Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.6.3. India Combined Heat and Power market revenue, by End-use, 2015 - 2024(USD Billion)
      • 8.4.7. Southeast Asia
        • 8.4.7.1. Southeast Asia Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
        • 8.4.7.2. Southeast Asia Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.4.7.3. Southeast Asia Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.4.8. Australia
        • 8.4.8.1. Australia Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.4.8.2. Australia Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.4.8.3. Australia Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.4.9. South Korea
        • 8.4.9.1. South Korea Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.4.9.2. South Korea Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.4.9.3. South Korea Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin America Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
      • 8.5.2. Latin America Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.5.3. Latin America Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
        • 8.5.4.2. Brazil Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
        • 8.5.4.3. Brazil Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Combined Heat and Power market revenue, by Fuel, 2015 - 2024(USD Billion)
      • 8.6.2. The Middle East and Africa Combined Heat and Power market revenue, by Technology, 2015 - 2024(USD Billion)
      • 8.6.3. The Middle East and Africa Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.6.4. GCC Countries
        • 8.6.4.1. GCC Countries Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.6.4.2. GCC Countries Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.6.4.3. GCC Countries Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
      • 8.6.5. South Africa
        • 8.6.5.1. South Africa Combined Heat and Power market revenue, by Fuel, 2015 - 2024 (USD Billion)
        • 8.6.5.2. South Africa Combined Heat and Power market revenue, by Technology, 2015 - 2024 (USD Billion)
        • 8.6.5.3. South Africa Combined Heat and Power market revenue, by End-use, 2015 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. General Electric
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. Kawasaki
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. Bosch Thermotechnology
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. MAN Diesel & Turbo
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. ENER-G Rudox
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Caterpillar
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Mitsubishi
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Wartsila
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. ABB
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Siemens AG
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. 2G Energy
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Product portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments

Methodology

Free Analysis

The process of combined heat and power is also known as cogeneration and can be best described as an efficient method for producing energy. Combined heat and power system structures with cogeneration use a heat engine to produce thermal heat and electricity, which can further be utilized by various end-users of the industrial, commercial or residential sectors. The examples of heat engines in a combined heat and power system are steam turbines, reciprocating engines, gas turbine, internal combustion engines, and external combustion engines. Gas turbines or other heat engines that generate excess exhaust heat represents waste thermal energy, which is not converted into electricity.

The acceptance of energy-efficient techniques and favorable government initiatives for sustainability is likely to fuel the combined heat and power market across the globe in the future. The method of generating electricity and thermal energy simultaneously is known as combined heat and power. The initiative for energy generation, the deployment of sustainable energy technologies, and the growing adoption of eco-friendly ways of power generation are the primary factors that are likely to boost this market’s growth in the future. The rising demand for cost-effective, reliable, and energy-efficient power by the industrial sector is projected to stimulate the combined heat and power market growth in upcoming years. However, the volatile prices of crude oil and coal might hamper this market’s growth on a global scale in the future.

Global Combined Heat and Power Market

By fuel, the combined heat and power market is segmented into coal, biomass, natural gas, and others. On the basis of technology, the combined heat and power market is classified into a steam turbine, gas turbine, fuel cell, and others. By end-use, this global market is segmented into industrial, residential, and commercial.

By region, North America is predicted to provide significant growth opportunities in the combined heat and power market in the years ahead, owing to the growing demand for energy efficient power plants to reduce carbon emission in the region. The European region is anticipated to hold a substantial revenue share in the global combined heat and power market in the years ahead. The Asia Pacific combined heat and power market is projected to register the highest rate of growth over the forecast timeframe, owing to rapid industrialization and urbanization.

Some key industry players of the combined heat and power market include General Electric, Kawasaki, Bosch Thermotechnology, MAN Diesel & Turbo, ENER-G Rudox, Caterpillar, Mitsubishi, Wartsila, ABB, 2G Energy, Aegis Energy, Yanmar, and Siemens AG, among others.

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