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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.
Global Combined Heat and Power System market is projected to reach US$ 4151 million in 2029, increasing from US$ 3328 million in 2022, with the CAGR of 3.1% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Combined Heat and Power System market research.
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.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Combined Heat and Power System market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
- BDR Thermea
- Bharat Heavy Electricals Limited
- Capstone Turbine Corporation
- Caterpillar
- Clarke Energy
- Yanmar
- Cummins Inc.
- Dong Energy
- Ener-G
- Green Power International
- Greenesol Power Systems
- Honda Motor
- ISGEC Heavy Engineering Ltd.
- Marathon Engine Systems
- Mitsubishi Hitachi Power Systems
- Wartsila
- Qnergy
- Siemens Ltd.
- Sonic Development
- Sterling and Wilson
- Sumitomo
- Thermax Limited
- Toshiba Fuel Cell Power Systems
- Vaillant Group
Segment by Type
- Gas and Steam Turbine
- Reciprocating Engine
- Fuel Cell and Microturbine
Segment by Application
- Industrial
- Utilities
- Commercial
- Others
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
The Combined Heat and Power System report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies' Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Combined Heat and Power System Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Gas and Steam Turbine
1.2.3 Reciprocating Engine
1.2.4 Fuel Cell and Microturbine
1.3 Market by Application
1.3.1 Global Combined Heat and Power System Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Industrial
1.3.3 Utilities
1.3.4 Commercial
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Combined Heat and Power System Market Perspective (2018-2029)
2.2 Combined Heat and Power System Growth Trends by Region
2.2.1 Global Combined Heat and Power System Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Combined Heat and Power System Historic Market Size by Region (2018-2023)
2.2.3 Combined Heat and Power System Forecasted Market Size by Region (2024-2029)
2.3 Combined Heat and Power System Market Dynamics
2.3.1 Combined Heat and Power System Industry Trends
2.3.2 Combined Heat and Power System Market Drivers
2.3.3 Combined Heat and Power System Market Challenges
2.3.4 Combined Heat and Power System Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Combined Heat and Power System Players by Revenue
3.1.1 Global Top Combined Heat and Power System Players by Revenue (2018-2023)
3.1.2 Global Combined Heat and Power System Revenue Market Share by Players (2018-2023)
3.2 Global Combined Heat and Power System Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Combined Heat and Power System Revenue
3.4 Global Combined Heat and Power System Market Concentration Ratio
3.4.1 Global Combined Heat and Power System Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Combined Heat and Power System Revenue in 2022
3.5 Combined Heat and Power System Key Players Head office and Area Served
3.6 Key Players Combined Heat and Power System Product Solution and Service
3.7 Date of Enter into Combined Heat and Power System Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Combined Heat and Power System Breakdown Data by Type
4.1 Global Combined Heat and Power System Historic Market Size by Type (2018-2023)
4.2 Global Combined Heat and Power System Forecasted Market Size by Type (2024-2029)
5 Combined Heat and Power System Breakdown Data by Application
5.1 Global Combined Heat and Power System Historic Market Size by Application (2018-2023)
5.2 Global Combined Heat and Power System Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Combined Heat and Power System Market Size (2018-2029)
6.2 North America Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Combined Heat and Power System Market Size by Country (2018-2023)
6.4 North America Combined Heat and Power System Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Combined Heat and Power System Market Size (2018-2029)
7.2 Europe Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Combined Heat and Power System Market Size by Country (2018-2023)
7.4 Europe Combined Heat and Power System Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Combined Heat and Power System Market Size (2018-2029)
8.2 Asia-Pacific Combined Heat and Power System Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Combined Heat and Power System Market Size by Region (2018-2023)
8.4 Asia-Pacific Combined Heat and Power System Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Combined Heat and Power System Market Size (2018-2029)
9.2 Latin America Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Combined Heat and Power System Market Size by Country (2018-2023)
9.4 Latin America Combined Heat and Power System Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Combined Heat and Power System Market Size (2018-2029)
10.2 Middle East & Africa Combined Heat and Power System Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Combined Heat and Power System Market Size by Country (2018-2023)
10.4 Middle East & Africa Combined Heat and Power System Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 BDR Thermea
11.1.1 BDR Thermea Company Detail
11.1.2 BDR Thermea Business Overview
11.1.3 BDR Thermea Combined Heat and Power System Introduction
11.1.4 BDR Thermea Revenue in Combined Heat and Power System Business (2018-2023)
11.1.5 BDR Thermea Recent Development
11.2 Bharat Heavy Electricals Limited
11.2.1 Bharat Heavy Electricals Limited Company Detail
11.2.2 Bharat Heavy Electricals Limited Business Overview
11.2.3 Bharat Heavy Electricals Limited Combined Heat and Power System Introduction
11.2.4 Bharat Heavy Electricals Limited Revenue in Combined Heat and Power System Business (2018-2023)
11.2.5 Bharat Heavy Electricals Limited Recent Development
11.3 Capstone Turbine Corporation
11.3.1 Capstone Turbine Corporation Company Detail
11.3.2 Capstone Turbine Corporation Business Overview
11.3.3 Capstone Turbine Corporation Combined Heat and Power System Introduction
11.3.4 Capstone Turbine Corporation Revenue in Combined Heat and Power System Business (2018-2023)
11.3.5 Capstone Turbine Corporation Recent Development
11.4 Caterpillar
11.4.1 Caterpillar Company Detail
11.4.2 Caterpillar Business Overview
11.4.3 Caterpillar Combined Heat and Power System Introduction
11.4.4 Caterpillar Revenue in Combined Heat and Power System Business (2018-2023)
11.4.5 Caterpillar Recent Development
11.5 Clarke Energy
11.5.1 Clarke Energy Company Detail
11.5.2 Clarke Energy Business Overview
11.5.3 Clarke Energy Combined Heat and Power System Introduction
11.5.4 Clarke Energy Revenue in Combined Heat and Power System Business (2018-2023)
11.5.5 Clarke Energy Recent Development
11.6 Yanmar
11.6.1 Yanmar Company Detail
11.6.2 Yanmar Business Overview
11.6.3 Yanmar Combined Heat and Power System Introduction
11.6.4 Yanmar Revenue in Combined Heat and Power System Business (2018-2023)
11.6.5 Yanmar Recent Development
11.7 Cummins Inc.
11.7.1 Cummins Inc. Company Detail
11.7.2 Cummins Inc. Business Overview
11.7.3 Cummins Inc. Combined Heat and Power System Introduction
11.7.4 Cummins Inc. Revenue in Combined Heat and Power System Business (2018-2023)
11.7.5 Cummins Inc. Recent Development
11.8 Dong Energy
11.8.1 Dong Energy Company Detail
11.8.2 Dong Energy Business Overview
11.8.3 Dong Energy Combined Heat and Power System Introduction
11.8.4 Dong Energy Revenue in Combined Heat and Power System Business (2018-2023)
11.8.5 Dong Energy Recent Development
11.9 Ener-G
11.9.1 Ener-G Company Detail
11.9.2 Ener-G Business Overview
11.9.3 Ener-G Combined Heat and Power System Introduction
11.9.4 Ener-G Revenue in Combined Heat and Power System Business (2018-2023)
11.9.5 Ener-G Recent Development
11.10 Green Power International
11.10.1 Green Power International Company Detail
11.10.2 Green Power International Business Overview
11.10.3 Green Power International Combined Heat and Power System Introduction
11.10.4 Green Power International Revenue in Combined Heat and Power System Business (2018-2023)
11.10.5 Green Power International Recent Development
11.11 Greenesol Power Systems
11.11.1 Greenesol Power Systems Company Detail
11.11.2 Greenesol Power Systems Business Overview
11.11.3 Greenesol Power Systems Combined Heat and Power System Introduction
11.11.4 Greenesol Power Systems Revenue in Combined Heat and Power System Business (2018-2023)
11.11.5 Greenesol Power Systems Recent Development
11.12 Honda Motor
11.12.1 Honda Motor Company Detail
11.12.2 Honda Motor Business Overview
11.12.3 Honda Motor Combined Heat and Power System Introduction
11.12.4 Honda Motor Revenue in Combined Heat and Power System Business (2018-2023)
11.12.5 Honda Motor Recent Development
11.13 ISGEC Heavy Engineering Ltd.
11.13.1 ISGEC Heavy Engineering Ltd. Company Detail
11.13.2 ISGEC Heavy Engineering Ltd. Business Overview
11.13.3 ISGEC Heavy Engineering Ltd. Combined Heat and Power System Introduction
11.13.4 ISGEC Heavy Engineering Ltd. Revenue in Combined Heat and Power System Business (2018-2023)
11.13.5 ISGEC Heavy Engineering Ltd. Recent Development
11.14 Marathon Engine Systems
11.14.1 Marathon Engine Systems Company Detail
11.14.2 Marathon Engine Systems Business Overview
11.14.3 Marathon Engine Systems Combined Heat and Power System Introduction
11.14.4 Marathon Engine Systems Revenue in Combined Heat and Power System Business (2018-2023)
11.14.5 Marathon Engine Systems Recent Development
11.15 Mitsubishi Hitachi Power Systems
11.15.1 Mitsubishi Hitachi Power Systems Company Detail
11.15.2 Mitsubishi Hitachi Power Systems Business Overview
11.15.3 Mitsubishi Hitachi Power Systems Combined Heat and Power System Introduction
11.15.4 Mitsubishi Hitachi Power Systems Revenue in Combined Heat and Power System Business (2018-2023)
11.15.5 Mitsubishi Hitachi Power Systems Recent Development
11.16 Wartsila
11.16.1 Wartsila Company Detail
11.16.2 Wartsila Business Overview
11.16.3 Wartsila Combined Heat and Power System Introduction
11.16.4 Wartsila Revenue in Combined Heat and Power System Business (2018-2023)
11.16.5 Wartsila Recent Development
11.17 Qnergy
11.17.1 Qnergy Company Detail
11.17.2 Qnergy Business Overview
11.17.3 Qnergy Combined Heat and Power System Introduction
11.17.4 Qnergy Revenue in Combined Heat and Power System Business (2018-2023)
11.17.5 Qnergy Recent Development
11.18 Siemens Ltd.
11.18.1 Siemens Ltd. Company Detail
11.18.2 Siemens Ltd. Business Overview
11.18.3 Siemens Ltd. Combined Heat and Power System Introduction
11.18.4 Siemens Ltd. Revenue in Combined Heat and Power System Business (2018-2023)
11.18.5 Siemens Ltd. Recent Development
11.19 Sonic Development
11.19.1 Sonic Development Company Detail
11.19.2 Sonic Development Business Overview
11.19.3 Sonic Development Combined Heat and Power System Introduction
11.19.4 Sonic Development Revenue in Combined Heat and Power System Business (2018-2023)
11.19.5 Sonic Development Recent Development
11.20 Sterling and Wilson
11.20.1 Sterling and Wilson Company Detail
11.20.2 Sterling and Wilson Business Overview
11.20.3 Sterling and Wilson Combined Heat and Power System Introduction
11.20.4 Sterling and Wilson Revenue in Combined Heat and Power System Business (2018-2023)
11.20.5 Sterling and Wilson Recent Development
11.21 Sumitomo
11.21.1 Sumitomo Company Detail
11.21.2 Sumitomo Business Overview
11.21.3 Sumitomo Combined Heat and Power System Introduction
11.21.4 Sumitomo Revenue in Combined Heat and Power System Business (2018-2023)
11.21.5 Sumitomo Recent Development
11.22 Thermax Limited
11.22.1 Thermax Limited Company Detail
11.22.2 Thermax Limited Business Overview
11.22.3 Thermax Limited Combined Heat and Power System Introduction
11.22.4 Thermax Limited Revenue in Combined Heat and Power System Business (2018-2023)
11.22.5 Thermax Limited Recent Development
11.23 Toshiba Fuel Cell Power Systems
11.23.1 Toshiba Fuel Cell Power Systems Company Detail
11.23.2 Toshiba Fuel Cell Power Systems Business Overview
11.23.3 Toshiba Fuel Cell Power Systems Combined Heat and Power System Introduction
11.23.4 Toshiba Fuel Cell Power Systems Revenue in Combined Heat and Power System Business (2018-2023)
11.23.5 Toshiba Fuel Cell Power Systems Recent Development
11.24 Vaillant Group
11.24.1 Vaillant Group Company Detail
11.24.2 Vaillant Group Business Overview
11.24.3 Vaillant Group Combined Heat and Power System Introduction
11.24.4 Vaillant Group Revenue in Combined Heat and Power System Business (2018-2023)
11.24.5 Vaillant Group Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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