Report overview
Combined heat and power (CHP) is a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. By generating heat and power simultaneously, CHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation via a boiler and power station.
The heat generated during this process is supplied to an appropriately matched heat demand that would otherwise be met by a conventional boiler. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating electrical or mechanical power. This allows heat requirements to be met that would otherwise require additional fuel to be burnt.
For many organizations, CHP is the measure that offers the most significant single opportunity to reduce energy costs and to improve environmental performance with existing users of CHP typically saving around 20% of their energy costs.
Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. This report studies the Commercial Combined Heat and Power (CHP) System market, mainly used in the residential, service sector and others.
This report aims to provide a comprehensive presentation of the global market for Commercial Combined Heat and Power (CHP) System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Combined Heat and Power (CHP) System. This report contains market size and forecasts of Commercial Combined Heat and Power (CHP) System in global, including the following market information:
Global Commercial Combined Heat and Power (CHP) System Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Commercial Combined Heat and Power (CHP) System Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Commercial Combined Heat and Power (CHP) System companies in 2022 (%)
The global Commercial Combined Heat and Power (CHP) System market was valued at US$ 3424.3 million in 2022 and is projected to reach US$ 5391.4 million by 2029, at a CAGR of 6.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Commercial Combined Heat and Power (CHP) System key players include Siemens, BOSCH THERMOTECHNIK, E.ON, GE, ABB, etc. Global top five manufacturers hold a share over 30%.
Europe is the largest market, with a share over 40%, followed by China, and North America, both have a share about 35 percent.
In terms of product, Small Scale CHP is the largest segment, with a share over 65%. And in terms of application, the largest application is Office Buildings, followed by Service Sector, etc.
We surveyed the Commercial Combined Heat and Power (CHP) System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial Combined Heat and Power (CHP) System Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Commercial Combined Heat and Power (CHP) System Market Segment Percentages, by Type, 2022 (%)
Large Scale CHP
Small Scale CHP
Micro Scale CHP
Global Commercial Combined Heat and Power (CHP) System Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Commercial Combined Heat and Power (CHP) System Market Segment Percentages, by Application, 2022 (%)
Office Buildings
Service Sector
Others
Global Commercial Combined Heat and Power (CHP) System Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Commercial Combined Heat and Power (CHP) System Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Commercial Combined Heat and Power (CHP) System revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Commercial Combined Heat and Power (CHP) System revenues share in global market, 2022 (%)
Key companies Commercial Combined Heat and Power (CHP) System sales in global market, 2018-2023 (Estimated), (MW)
Key companies Commercial Combined Heat and Power (CHP) System sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Siemens
BOSCH THERMOTECHNIK
GE
E.ON
ABB
2G Energy
BDR Thermea Group
Caterpillar
Centrica
CAPSTONE TURBINE CORP.
DOOSAN FUEL CELL AMERICA
Edina
Ameresco
Exelon
E3 NV
Outline of Major Chapters:
Chapter 1: Introduces the definition of Commercial Combined Heat and Power (CHP) System, market overview.
Chapter 2: Global Commercial Combined Heat and Power (CHP) System market size in revenue and volume.
Chapter 3: Detailed analysis of Commercial Combined Heat and Power (CHP) System manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Commercial Combined Heat and Power (CHP) System in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Commercial Combined Heat and Power (CHP) System capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
