Market Research Report
Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023
|Published by||MarketsandMarkets||Product code||652566|
|Published||Content info||139 Pages
Delivery time: 1-2 business days
|Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW, >300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User (District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023|
|Published: June 12, 2018||Content info: 139 Pages||
The CHP market is projected to reach USD 27.01 billion by 2023, at a CAGR of 5.48%, from 2018 to 2023. Increasing demand for energy efficiency in the industries and rising use of natural gas for power generation are the major drivers of the CHP market. High installation and maintenance cost can hinder the growth of the CHP market.
The utilities, district heating & cooling of the end-user segment is expected to grow at the highest CAGR, during the forecast period, owing to the growing need for process steam in industries. Rise of natural gas fired power generation in North America and Asia Pacific is expected to offer a lucrative opportunity for the CHP market.
The market in Asia Pacific is currently the largest for CHP systems followed by the European market. Rapid economic growth in China along with the transition from coal-based generation to gas-fired power generation is expected to drive the CHP market in the Asia Pacific region.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2016. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million.
The RoW includes Middles East, Africa, and South America.
The leading players in the CHP market include: GE (US), Siemens (Germany), Veolia (France), 2G Energy (Germany), FuelCell Energy (US), Wartsila (Finland), Caterpillar Energy Solutions (Germany), MAN Diesel & Turbo (Germany), AB Holding (Italy), Capstone(US), Clarke Energy(UK), and MHPS (Japan).
The report defines, describes, and forecasts the global CHP market by type, application, gas, end-user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the CHP market.
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.