Dublin, Feb. 08, 2023 (GLOBE NEWSWIRE) -- The "Combined Heat and Power (CHP) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com'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 Attribute | Details |
| No. of Pages | 229 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $25.8 Billion |
| Forecasted Market Value (USD) by 2030 | $33.4 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- 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
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- 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
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/pak42e-heat-and?w=12
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