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Combined Heat and Power (CHP) Installation Market Impacts Higher Demand Due to Increasing Contribution by Major Players during 2018-2026

May 16th 2019 at 11:20 PM

Cogeneration, also known as combined heat and power (CHP), is a highly efficient process that generates electricity and heat simultaneously. Steam can be generated in a heat exchanger by utilizing the exhaust energy from gas turbines. This steam can then be used in large numbers of applications. CHP installation is likely to vary according to its requirement in various applications and qualities of the concrete required for construction activities. Consequently, optimization and development of prediction methods, such as real-time technologies, for CHP installation play an important role in the energy industry.

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Implementation of stringent regulations related to minimization of harmful carbon emissions is propelling the demand for CHP installation. Increase in residential and industrial construction activities in the developed and developing countries have boosted the demand of CHP installation. Therefore, governments of several countries are funding and supporting development and adoption of the latest technologies in CHP installation.

Asia Pacific is estimated to emerge as one of the prominent regions of the CHP installation market.  Highly environment-conscious Europe and North America are projected to lead the global CHP installation market in the near future. The global CHP installation market is projected to witness large number of collaborations between manufacturers and technology developers during the next few years.

This report analyzes and forecasts the CHP installation market at the global and regional level. The market has been forecast based on volume (GW) and value (US$ Bn) from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global CHP installation market. It also covers impact of these drivers and restraints on demand for CHP installation during the forecast period. The report also highlights opportunities in the CHP installation market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global CHP installation market. Porter’s Five Forces model for the CHP installation market has also been included to help understand the competitive landscape. The study encompasses market attractiveness analysis, wherein prime mover and applications are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global CHP installation market by segmenting it in terms of application, fuel, prime mover, and region. Based on application, the CHP installation market has been divided into commercial & residential and industrial. In terms of fuel, the CHP installation market has been classified into biomass, coal, natural gas, and others (wood, fuel cell, and nuclear energy). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for CHP installation in North America, Europe, Asia Pacific, and Rest of World.

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The report provides size (in terms of volume and value) of the CHP installation market for the base year 2017 and the forecast for the period between 2018 and 2026. The global CHP installation market has been provided in terms of revenue. Market numbers have been estimated based on prime mover, fuel, and application of the CHP installation market. Market revenue and size have been provided in terms of global, regional, and country level markets.

The global CHP installation market is a highly competitive. Leading players dominate the market. Key players operating in the CHP installation market include Siemens AG, General Electric Company, Cummins Inc., Generac Holdings, and Capstone Turbine Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global CHP installation market has been segmented as follows:

CHP Installation Market, by Fuel

  • Biomass
  • Coal
  • Natural Gas
  • Others (Wood, Renewables, Fuel Cell, and Nuclear Energy)

CHP Installation Market, by Prime Mover

  • Steam Turbine
  • Combined Cycle
  • Gas Turbine
  • Reciprocating Engine
  • Others (Stirling Engine and Organic Rankine Cycle)

CHP Installation Market, by Application

  • Commercial & Residential
  • Industrial

CHP Installation Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Rest of World

Key Takeaways

  • In terms of fuel, the natural gas segment constitutes major share of the CHP installation market
  • Coal is also used widely as fuel in CHP, as it is cost-effective
  • Key players invest significantly in research & development to differentiate their products as a key strategy to strengthen their market position
  • Market share of the industrial application segment is estimated to increase in the next few years due to the strong focus on expansion in construction activities. The segment is expected to provide lucrative opportunities to the market during the forecast period.

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