Global Combined Heat and Power (CHP) Strategic Market Report 2023: Rising Demand for Captive Power Generation Builds Momentum for CHP Market

Dublin, Feb. 08, 2023 (GLOBE NEWSWIRE) -- The "Combined Heat and Power (CHP) - Global Strategic Business Report" report has been added to's offering.

The global market for Combined Heat and Power (CHP) estimated at US$25.8 Billion in the year 2022, is projected to reach a revised size of US$33.4 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2022-2030.

Above 300 MW, one of the segments analyzed in the report, is projected to record a 3.2% CAGR and reach US$13.4 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the 151 - 300 MW segment is readjusted to a revised 3.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 5.7% CAGR

The Combined Heat and Power (CHP) market in the U.S. is estimated at US$7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$6.8 Billion by the year 2030 trailing a CAGR of 5.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.7% and 3.8% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 1.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.4 Billion by the year 2030.

Select Competitors (Total 11 Featured) -

  • AB Holding SpA
  • Capstone Turbine Corporation
  • Caterpillar Energy Solutions (Mwm)
  • Clarke Energy
  • FuelCell Energy, Inc.
  • General Electric Company
  • G-Energy Global Private Limited
  • MAN Energy Solutions SE
  • Mitsubishi Hitachi Power Systems Ltd.
  • Siemens AG
  • Veolia Environnement S.A.
  • Wartsila Corporation

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics

Report AttributeDetails
No. of Pages229
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$25.8 Billion
Forecasted Market Value (USD) by 2030$33.4 Billion
Compound Annual Growth Rate3.3%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • Combined Heat and Power (CHP): A Prelude
  • Steady Growth Projected for CHP Market
  • Combined Heat & Power - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession



  • Rising Demand for Captive Power Generation Builds Momentum for CHP Market
  • Shifting Focus towards Sustainable Energy Creates Conducive Environment
  • Enhanced Energy Consumption in Industrial Sector Steers CHP Deployments
  • CHP Deployments Set to Increase in Commercial Buildings Vertical
  • Residential Sector: Niche Application Market
  • Natural Gas Extends Ideal Fuel for CHP Plants
  • Biomass-based Cogeneration Gains Traction
  • Small CHPs Set to Make Big Gains
  • Emphasis on Distributed Power Delivery Model in Large Urban Areas Builds Market Momentum
  • Adoption of CHP Plants Gains Traction Across End-Use Verticals and Geographies: A Review of Select Recent Announcements in the CHP Domain
  • Shaw Industries Builds CHP Plant at its South Carolina Fiber Production Facility
  • The US DoE Grants CHP R&D Funding
  • Fairbanks Morse Helps Launch of 10 MW Dual Fuel CHP Microgrid in Puerto Rico
  • University of Minnesota Replaces Century Old Heating Plant with New CHP Plant at its Twin Cities Campus
  • Edina to Deploy 3-Engine CHP Plant to Portsmouth Naval Base
  • Rolls-Royce Collaborates with Energyco to Deploy Cogeneration Plant in Kosice, Slovakia
  • New CHP Plant Deployed at the University of Gottingen




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Global Market for Combined Heat and Power (CHP)

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