Product Code: IRTNTR72782
Abstract
The combined heat and power market is forecasted to grow by USD 9346.68 mn during 2023-2028, accelerating at a CAGR of 6.29% during the forecast period. The report on the combined heat and power market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in consumption of energy globally, economic and environmental benefits, and favorable government regulations.
Market Scope |
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.01% |
CAGR | 6.29% |
Incremental Value | $9346.68mn |
Technavio's combined heat and power market is segmented as below:
By Product
By End-user
- Industrial
- Commercial
- Residential
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the advancements in combined heat and power system technologies as one of the prime reasons driving the combined heat and power market growth during the next few years. Also, growing popularity for combined cooling, heat, and power (CCHP) and rise in integration of combined heat and power with smart grid technologies will lead to sizable demand in the market.
The report on the combined heat and power market covers the following areas:
- Combined heat and power market sizing
- Combined heat and power market forecast
- Combined heat and power market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading combined heat and power market vendors that include ABB Ltd., Ameresco Inc., Capstone Green Energy Corp., Caterpillar Inc., Cummins Inc., FuelCell Energy Inc., General Electric Co., Helec Ltd., HoSt Holding B.V., Kawasaki Heavy Industries Ltd., Kraft Power Corp., Mitsubishi Heavy Industries Ltd., MTT bv, Robert Bosch GmbH, Rolls Royce Holdings Plc, Siemens Energy AG, Traton SE, Veolia Environnement SA, Wartsila Corp., and 2G Energy AG. Also, the combined heat and power market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global combined heat and power market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global combined heat and power market 2018 - 2022 ($ million)
- 4.2 Product Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ million)
- 4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Natural gas - Market size and forecast 2023-2028
- Exhibit 34: Chart on Natural gas - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Natural gas - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Natural gas - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Natural gas - Year-over-year growth 2023-2028 (%)
- 6.4 Coal - Market size and forecast 2023-2028
- Exhibit 38: Chart on Coal - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Coal - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Coal - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Coal - Year-over-year growth 2023-2028 (%)
- 6.5 Others - Market size and forecast 2023-2028
- Exhibit 42: Chart on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 43: Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Others - Year-over-year growth 2023-2028 (%)
- 6.6 Market opportunity by Product
- Exhibit 46: Market opportunity by Product ($ million)
- Exhibit 47: Data Table on Market opportunity by Product ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Exhibit 50: Chart on Comparison by End-user
- Exhibit 51: Data Table on Comparison by End-user
- 7.3 Industrial - Market size and forecast 2023-2028
- Exhibit 52: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
- Exhibit 54: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
- 7.4 Commercial - Market size and forecast 2023-2028
- Exhibit 56: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
- Exhibit 58: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
- 7.5 Residential - Market size and forecast 2023-2028
- Exhibit 60: Chart on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on Residential - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on Residential - Year-over-year growth 2023-2028 (%)
- 7.6 Market opportunity by End-user
- Exhibit 64: Market opportunity by End-user ($ million)
- Exhibit 65: Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 69: Chart on Geographic comparison
- Exhibit 70: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 91: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 India - Market size and forecast 2023-2028
- Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.11 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.12 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 111: Market opportunity By Geographical Landscape ($ million)
- Exhibit 112: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 113: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 115: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 116: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 117: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 118: Matrix on vendor position and classification
- 12.3 2G Energy AG
- Exhibit 119: 2G Energy AG - Overview
- Exhibit 120: 2G Energy AG - Product / Service
- Exhibit 121: 2G Energy AG - Key offerings
- 12.4 ABB Ltd.
- Exhibit 122: ABB Ltd. - Overview
- Exhibit 123: ABB Ltd. - Business segments
- Exhibit 124: ABB Ltd. - Key offerings
- Exhibit 125: ABB Ltd. - Segment focus
- 12.5 Ameresco Inc.
- Exhibit 126: Ameresco Inc. - Overview
- Exhibit 127: Ameresco Inc. - Business segments
- Exhibit 128: Ameresco Inc. - Key offerings
- Exhibit 129: Ameresco Inc. - Segment focus
- 12.6 Capstone Green Energy Corp.
- Exhibit 130: Capstone Green Energy Corp. - Overview
- Exhibit 131: Capstone Green Energy Corp. - Business segments
- Exhibit 132: Capstone Green Energy Corp. - Key news
- Exhibit 133: Capstone Green Energy Corp. - Key offerings
- Exhibit 134: Capstone Green Energy Corp. - Segment focus
- 12.7 Caterpillar Inc.
- Exhibit 135: Caterpillar Inc. - Overview
- Exhibit 136: Caterpillar Inc. - Business segments
- Exhibit 137: Caterpillar Inc. - Key offerings
- Exhibit 138: Caterpillar Inc. - Segment focus
- 12.8 Cummins Inc.
- Exhibit 139: Cummins Inc. - Overview
- Exhibit 140: Cummins Inc. - Business segments
- Exhibit 141: Cummins Inc. - Key offerings
- Exhibit 142: Cummins Inc. - Segment focus
- 12.9 General Electric Co.
- Exhibit 143: General Electric Co. - Overview
- Exhibit 144: General Electric Co. - Business segments
- Exhibit 145: General Electric Co. - Key news
- Exhibit 146: General Electric Co. - Key offerings
- Exhibit 147: General Electric Co. - Segment focus
- 12.10 Kawasaki Heavy Industries Ltd.
- Exhibit 148: Kawasaki Heavy Industries Ltd. - Overview
- Exhibit 149: Kawasaki Heavy Industries Ltd. - Business segments
- Exhibit 150: Kawasaki Heavy Industries Ltd. - Key news
- Exhibit 151: Kawasaki Heavy Industries Ltd. - Key offerings
- Exhibit 152: Kawasaki Heavy Industries Ltd. - Segment focus
- 12.11 Mitsubishi Heavy Industries Ltd.
- Exhibit 153: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 154: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 155: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 156: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 157: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.12 MTT bv
- Exhibit 158: MTT bv - Overview
- Exhibit 159: MTT bv - Product / Service
- Exhibit 160: MTT bv - Key offerings
- 12.13 Robert Bosch GmbH
- Exhibit 161: Robert Bosch GmbH - Overview
- Exhibit 162: Robert Bosch GmbH - Business segments
- Exhibit 163: Robert Bosch GmbH - Key news
- Exhibit 164: Robert Bosch GmbH - Key offerings
- Exhibit 165: Robert Bosch GmbH - Segment focus
- 12.14 Siemens Energy AG
- Exhibit 166: Siemens Energy AG - Overview
- Exhibit 167: Siemens Energy AG - Business segments
- Exhibit 168: Siemens Energy AG - Key news
- Exhibit 169: Siemens Energy AG - Key offerings
- Exhibit 170: Siemens Energy AG - Segment focus
- 12.15 Traton SE
- Exhibit 171: Traton SE - Overview
- Exhibit 172: Traton SE - Business segments
- Exhibit 173: Traton SE - Key news
- Exhibit 174: Traton SE - Key offerings
- Exhibit 175: Traton SE - Segment focus
- 12.16 Veolia Environnement SA
- Exhibit 176: Veolia Environnement SA - Overview
- Exhibit 177: Veolia Environnement SA - Business segments
- Exhibit 178: Veolia Environnement SA - Key news
- Exhibit 179: Veolia Environnement SA - Key offerings
- Exhibit 180: Veolia Environnement SA - Segment focus
- 12.17 Wartsila Corp.
- Exhibit 181: Wartsila Corp. - Overview
- Exhibit 182: Wartsila Corp. - Business segments
- Exhibit 183: Wartsila Corp. - Key offerings
- Exhibit 184: Wartsila Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 185: Inclusions checklist
- Exhibit 186: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 187: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 188: Research methodology
- Exhibit 189: Validation techniques employed for market sizing
- Exhibit 190: Information sources
- 13.5 List of abbreviations
- Exhibit 191: List of abbreviations