Combined Heat & Power (CHP) Market is Growing Rapidly Due to the Increasing Demand for Energy Effici

Published: Wed Oct 03 2018

The global Combined Heat & Power (CHP) market is expected to grow at a CAGR of 5.48%, from 2018 to 2023, to reach a market size of USD 27.01 billion by 2023. The increasing demand for energy efficiency, government programs, and incentives to promote CHP are driving the growth for the CHP market. Emerging technologies such as fuel cell based micro-CHO in Europe and Asia Pacific provide opportunities for the growth of the CHP market.

The residential segment of the CHP market, by end-user, is expected to grow at the fastest rate from 2018 to 2023. The segment is driven by government programs for fuel cell based micro-CHP in countries such as Germany, Japan, and South Korea. The program is aimed at increasing distributed power generation in households for better energy efficiency and reduce emissions. The ene-field project of the European Union is spearheading the penetration of residential micro-CHP in Europe by providing incentives.

Download PDF Brochure of Global Combined Heat & Power (CHP) Market Research Report at @

On the basis of fuel, the natural gas segment is expected to grow at the fastest rate from 2018 to 2023. The growth of this segment is mainly due to the rising share of natural gas in the energy mix in the Asia Pacific region, particularly in China. The shale gas boom in the US has also contributed to the rise in natural gas fired power generation in North America, and thus driving the CHP market in the region.

The up to 10 MW segment, by capacity, is estimated to grow at the fastest rate during the forecast period. The segment consists mainly of residential and on-site industrial and commercial CHP installations. Larger capacities in this range are usually on-site commercial CHP installations for end-users, such as healthcare and data centers, where there is a growing need for energy efficiency. The market for this segment is driven by the government micro-CHP programs for fuel cells in regions such as Europe and Asia Pacific and the growth of distributed power generation in North America and Asia Pacific.

Target Audience:
The target audience of this report includes:
• Consulting companies in the energy sector
• EPC contractors for CHP
• Reciprocating engine manufactures
• Gas and steam turbine manufactures
• Fuel cell and microturbine manufactures
• Environmental associations
• Government and research organizations
• Distributed energy associations
• Investment banks
• Power companies

Scope of the Report:
By Capacity
• Up to 10 MW
• 10–150 MW
• 150–300 MW
• Above 300 MW
By Prime Mover
• Gas Turbine
• Steam Turbine
• Reciprocating Engine
• Fuel Cell
• Microturbine
By Fuel
• Coal
• Natural Gas
• Biogas/Biomass
• Nuclear
• Diesel
• Others (Biodiesel and Geothermal)
By End-User
• Utilities, District Heating & Cooling
• On-site Industrial
• On-site Commercial
• Residential
By Region
• North America
• Europe
• Asia Pacific
• Middle East
• Africa
• South America

Browse Combined Heat & Power Market Report at @

The CHP market has been segmented, by region, into North America, Europe, Asia Pacific, the Middle East, South America, and Africa. Asia Pacific is expected to grow at the fastest rate during the forecast period, followed by Africa. The growth in the market in Asia Pacific is driven by countries such as China, Japan, and South Korea. The growing share of natural gas in the energy mix in these countries has given rise to large-scale gas-fired cogeneration plants and is driving the market for CHP in this region.

View all Energy and Power Market Research Reports @

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Contact Name: Mr. Shelly Singh
Contact Email:

Visit website »