The number of combined heat and power plant installations worldwide is anticipated to increase due to several factors, including the favorable outlook for natural gas supply and the price increased energy efficiency end to environmental regulatory pressures on power plants and industrial boilers, amongst others. In addition, on-grid combined heat and power systems operate completely automatically, generate electricity when necessary, and interface with the grid to supply the host site with both thermal energy and electricity. Stringent emission norm is driving the growth of driving the on-grid combined heat and power market growth.
MARKET SCOPE
The "Global On-Grid Combined Heat and Power Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the on-grid combined heat and power market with detailed market segmentation by end user, fuel type, and geography. The report provides key statistics on the market status of the leading on-grid combined heat and power market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on end user, the market is segmented into residential, commercial, geography industrial.
- Based on fuel type, the market is segmented into natural gas, coal, oil, biomass, geography others.
MARKET DYNAMICS
Drivers:
- -
- Increasing industrialization is driving the on-grid combined heat and power market growth.
- Increasing clean energy demand is also boosting the growth of the on-grid combined heat and power market.
- -
- The lack of grid infrastructure may hinder the growth of the on-grid combined heat and power market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The on-grid 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 the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the on-grid combined heat and power market in these regions.
IMPACT OF COVID-19 ON ON-GRID COMBINED HEAT AND POWER MARKET
COVID-19 has severely affected the growth of the on-grid combined heat and power market. The expansions in the renewable energy sector which the government planned have also got shut-down due to COVID-19. Additionally, companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the on-grid combined heat and power market.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The on-grid 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 the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the on-grid combined heat and power market in these regions.
IMPACT OF COVID-19 ON ON-GRID COMBINED HEAT AND POWER MARKET
COVID-19 has severely affected the growth of the on-grid combined heat and power market. The expansions in the renewable energy sector which the government planned have also got shut-down due to COVID-19. Additionally, companies had to shut down their manufacturing plants and services as lockdowns were imposed to contain the pandemic. This resulted in increased costs of raw materials due to the shortage of supplies. Thus, the pandemic has negatively impacted the on-grid combined heat and power market.
MARKET PLAYERS
The report covers key developments in the on-grid 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 the business and customer base of market players. The market players from the on-grid combined heat and power market are anticipated to have lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the on-grid combined heat and power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ABB
- Bosch Thermotechnik GmbH
- Caterpillar Inc.
- Centrica PLC
- FuelCell Energy Inc.
- General Electric Company
- Kawasaki Heavy Industries Ltd
- MAN Diesel & Turbo SE
- Mitsubishi Electric Corporation
- Seimens AG
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 On-Grid Combined Heat And Power Market - By End User
1.3.2 On-Grid Combined Heat And Power Market - By Fuel Type
1.3.3 On-Grid Combined Heat And Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ON-GRID COMBINED HEAT AND POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. ON-GRID COMBINED HEAT AND POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ON-GRID COMBINED HEAT AND POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. ON-GRID COMBINED HEAT AND POWER - GLOBAL MARKET OVERVIEW
6.2. ON-GRID COMBINED HEAT AND POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ON-GRID COMBINED HEAT AND POWER MARKET - REVENUE AND FORECASTS TO 2028 - END USER
7.1. OVERVIEW
7.2. END USER MARKET FORECASTS AND ANALYSIS
7.3. RESIDENTIAL
7.3.1. Overview
7.3.2. Residential Market Forecast and Analysis
7.4. COMMERCIAL
7.4.1. Overview
7.4.2. Commercial Market Forecast and Analysis
7.5. INDUSTRIAL
7.5.1. Overview
7.5.2. Industrial Market Forecast and Analysis
8. ON-GRID COMBINED HEAT AND POWER MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
8.1. OVERVIEW
8.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
8.3. NATURAL GAS
8.3.1. Overview
8.3.2. Natural Gas Market Forecast and Analysis
8.4. COAL
8.4.1. Overview
8.4.2. Coal Market Forecast and Analysis
8.5. OIL
8.5.1. Overview
8.5.2. Oil Market Forecast and Analysis
8.6. BIOMASS
8.6.1. Overview
8.6.2. Biomass Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. ON-GRID COMBINED HEAT AND POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America On-Grid Combined Heat And Power Market Overview
9.1.2 North America On-Grid Combined Heat And Power Market Forecasts and Analysis
9.1.3 North America On-Grid Combined Heat And Power Market Forecasts and Analysis - By End User
9.1.4 North America On-Grid Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.1.5 North America On-Grid Combined Heat And Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States On-Grid Combined Heat And Power Market
9.1.5.1.1 United States On-Grid Combined Heat And Power Market by End User
9.1.5.1.2 United States On-Grid Combined Heat And Power Market by Fuel Type
9.1.5.2 Canada On-Grid Combined Heat And Power Market
9.1.5.2.1 Canada On-Grid Combined Heat And Power Market by End User
9.1.5.2.2 Canada On-Grid Combined Heat And Power Market by Fuel Type
9.1.5.3 Mexico On-Grid Combined Heat And Power Market
9.1.5.3.1 Mexico On-Grid Combined Heat And Power Market by End User
9.1.5.3.2 Mexico On-Grid Combined Heat And Power Market by Fuel Type
9.2. EUROPE
9.2.1 Europe On-Grid Combined Heat And Power Market Overview
9.2.2 Europe On-Grid Combined Heat And Power Market Forecasts and Analysis
9.2.3 Europe On-Grid Combined Heat And Power Market Forecasts and Analysis - By End User
9.2.4 Europe On-Grid Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.2.5 Europe On-Grid Combined Heat And Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany On-Grid Combined Heat And Power Market
9.2.5.1.1 Germany On-Grid Combined Heat And Power Market by End User
9.2.5.1.2 Germany On-Grid Combined Heat And Power Market by Fuel Type
9.2.5.2 France On-Grid Combined Heat And Power Market
9.2.5.2.1 France On-Grid Combined Heat And Power Market by End User
9.2.5.2.2 France On-Grid Combined Heat And Power Market by Fuel Type
9.2.5.3 Italy On-Grid Combined Heat And Power Market
9.2.5.3.1 Italy On-Grid Combined Heat And Power Market by End User
9.2.5.3.2 Italy On-Grid Combined Heat And Power Market by Fuel Type
9.2.5.4 United Kingdom On-Grid Combined Heat And Power Market
9.2.5.4.1 United Kingdom On-Grid Combined Heat And Power Market by End User
9.2.5.4.2 United Kingdom On-Grid Combined Heat And Power Market by Fuel Type
9.2.5.5 Russia On-Grid Combined Heat And Power Market
9.2.5.5.1 Russia On-Grid Combined Heat And Power Market by End User
9.2.5.5.2 Russia On-Grid Combined Heat And Power Market by Fuel Type
9.2.5.6 Rest of Europe On-Grid Combined Heat And Power Market
9.2.5.6.1 Rest of Europe On-Grid Combined Heat And Power Market by End User
9.2.5.6.2 Rest of Europe On-Grid Combined Heat And Power Market by Fuel Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific On-Grid Combined Heat And Power Market Overview
9.3.2 Asia-Pacific On-Grid Combined Heat And Power Market Forecasts and Analysis
9.3.3 Asia-Pacific On-Grid Combined Heat And Power Market Forecasts and Analysis - By End User
9.3.4 Asia-Pacific On-Grid Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.3.5 Asia-Pacific On-Grid Combined Heat And Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia On-Grid Combined Heat And Power Market
9.3.5.1.1 Australia On-Grid Combined Heat And Power Market by End User
9.3.5.1.2 Australia On-Grid Combined Heat And Power Market by Fuel Type
9.3.5.2 China On-Grid Combined Heat And Power Market
9.3.5.2.1 China On-Grid Combined Heat And Power Market by End User
9.3.5.2.2 China On-Grid Combined Heat And Power Market by Fuel Type
9.3.5.3 India On-Grid Combined Heat And Power Market
9.3.5.3.1 India On-Grid Combined Heat And Power Market by End User
9.3.5.3.2 India On-Grid Combined Heat And Power Market by Fuel Type
9.3.5.4 Japan On-Grid Combined Heat And Power Market
9.3.5.4.1 Japan On-Grid Combined Heat And Power Market by End User
9.3.5.4.2 Japan On-Grid Combined Heat And Power Market by Fuel Type
9.3.5.5 South Korea On-Grid Combined Heat And Power Market
9.3.5.5.1 South Korea On-Grid Combined Heat And Power Market by End User
9.3.5.5.2 South Korea On-Grid Combined Heat And Power Market by Fuel Type
9.3.5.6 Rest of Asia-Pacific On-Grid Combined Heat And Power Market
9.3.5.6.1 Rest of Asia-Pacific On-Grid Combined Heat And Power Market by End User
9.3.5.6.2 Rest of Asia-Pacific On-Grid Combined Heat And Power Market by Fuel Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa On-Grid Combined Heat And Power Market Overview
9.4.2 Middle East and Africa On-Grid Combined Heat And Power Market Forecasts and Analysis
9.4.3 Middle East and Africa On-Grid Combined Heat And Power Market Forecasts and Analysis - By End User
9.4.4 Middle East and Africa On-Grid Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.4.5 Middle East and Africa On-Grid Combined Heat And Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa On-Grid Combined Heat And Power Market
9.4.5.1.1 South Africa On-Grid Combined Heat And Power Market by End User
9.4.5.1.2 South Africa On-Grid Combined Heat And Power Market by Fuel Type
9.4.5.2 Saudi Arabia On-Grid Combined Heat And Power Market
9.4.5.2.1 Saudi Arabia On-Grid Combined Heat And Power Market by End User
9.4.5.2.2 Saudi Arabia On-Grid Combined Heat And Power Market by Fuel Type
9.4.5.3 U.A.E On-Grid Combined Heat And Power Market
9.4.5.3.1 U.A.E On-Grid Combined Heat And Power Market by End User
9.4.5.3.2 U.A.E On-Grid Combined Heat And Power Market by Fuel Type
9.4.5.4 Rest of Middle East and Africa On-Grid Combined Heat And Power Market
9.4.5.4.1 Rest of Middle East and Africa On-Grid Combined Heat And Power Market by End User
9.4.5.4.2 Rest of Middle East and Africa On-Grid Combined Heat And Power Market by Fuel Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America On-Grid Combined Heat And Power Market Overview
9.5.2 South and Central America On-Grid Combined Heat And Power Market Forecasts and Analysis
9.5.3 South and Central America On-Grid Combined Heat And Power Market Forecasts and Analysis - By End User
9.5.4 South and Central America On-Grid Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.5.5 South and Central America On-Grid Combined Heat And Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil On-Grid Combined Heat And Power Market
9.5.5.1.1 Brazil On-Grid Combined Heat And Power Market by End User
9.5.5.1.2 Brazil On-Grid Combined Heat And Power Market by Fuel Type
9.5.5.2 Argentina On-Grid Combined Heat And Power Market
9.5.5.2.1 Argentina On-Grid Combined Heat And Power Market by End User
9.5.5.2.2 Argentina On-Grid Combined Heat And Power Market by Fuel Type
9.5.5.3 Rest of South and Central America On-Grid Combined Heat And Power Market
9.5.5.3.1 Rest of South and Central America On-Grid Combined Heat And Power Market by End User
9.5.5.3.2 Rest of South and Central America On-Grid Combined Heat And Power Market by Fuel Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ON-GRID COMBINED HEAT AND POWER MARKET, KEY COMPANY PROFILES
11.1. ABB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSCH THERMOTECHNIK GMBH
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CATERPILLAR INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CENTRICA PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. FUELCELL ENERGY INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GENERAL ELECTRIC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KAWASAKI HEAVY INDUSTRIES LTD
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MAN DIESEL & TURBO SE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MITSUBISHI ELECTRIC CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SEIMENS AG
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.ABB
2.Bosch Thermotechnik GmbH
3.Caterpillar Inc.
4.Centrica plc
5.FuelCell Energy Inc.
6.General Electric
7.Kawasaki Heavy Industries Ltd
8.MAN Diesel & Turbo SE
9.Mitsubishi Electric Corporation
10.Seimens AG
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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