The combined heat and power or cogeneration refers to the use of heat engines or power stations for the simultaneous generation of electricity and useful heat. Rising distributed power generation in the Asia Pacific and Europe region is expected to create a positive outlook for the combined heat and power market. Also, the favorable government initiatives in these regions are complimenting the current market landscape.
The combined heat and power market is anticipated to grow in the forecast period owing to the high demand for energy efficiency across industries coupled with the increasing use of natural gas for power generation. Moreover, several government programs and initiatives promoting cogeneration are encouraging market growth. However, high installation costs and maintenance costs may hamper the growth of the combined heat and power market. On the other hand, emerging technologies such as fuel cell-based micro CHP is expected to provide excellent growth opportunities for the market during the forecast period.
The "Global Combined Heat and Power Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of combined heat and power market with detailed market segmentation by fuel, prime mover, capacity, end user, and geography. The global combined heat and power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading combined heat and power market players and offers key trends and opportunities in the market.
The global combined heat and power market is segmented on the basis of fuel, prime mover, capacity, and end user. By fuel, the market is segmented as natural gas and LPG, coal, renewable energy, and others. On the basis of the prime mover, the market is segmented as Stirling engine, internal combustion engine, and fuel cell. Based on capacity, the market is segmented as micro CHP and macro CHP. The market on the basis of the end user is classified as commercial, industrial, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global combined heat and power market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The combined heat and power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting combined heat and power market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the combined heat and power market in these regions.
The reports cover key developments in the combined heat and power market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from combined heat and power market are anticipated to lucrative growth opportunities in the future with the rising demand for combined heat and power in the global market. Below mentioned is the list of few companies engaged in the combined heat and power market.
The report also includes the profiles of key combined heat and power companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
- EDF Group
- BDR Thermea Group
- General Electric Company
- Siemens AG
- Gruppo AB
- Marathon Engine Systems
- 2G ENERGY INTERNATIONAL
- Yanmar Group Companies
- Veolia Environnement S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.