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Japan Combined Heat and Power Market Trends, Industry | 2031
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Japan Combined Heat and Power Market Trends, Industry | 2031

Segments - Japan Combined Heat and Power Market by Applications (Residential, Industrial & Utilities, and Commercial), Fuel Types (Natural Gas, Coal, Oil, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, Covid-19 Impact, and Forecast 2023 – 2031

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Upcoming | Report ID :EP-3950 | 4.1 Rating | 83 Reviews | 218 Pages | Format : PDF Excel PPT

Report Description


The Japan combined heat and power market size was valued at USD XX billion in 2022 and is expected to surpass USD XX billion by 2031, expanding at a CAGR of 3.7% during the forecast period, 2023–2031. The growth of the market is attributed due to the rising demand for natural gas-based combined heat and power.

Combined heat and power (CHP) are an energy-efficient technology that generates electricity while also capturing heat that can otherwise be lost and converted it into useful thermal energy such as steam or hot water. This steam or hot water can be utilized for heating, cooling, and a variety of other residential and industrial applications.

Japan Combined Heat and Power Market Key Takeaways

The traditional technique of producing usable heat and electricity separately has an average total efficiency of 45%, but CHP systems can achieve up to 80% efficiency.  Gas turbines, steam turbines, reciprocating engines, fuel cells, and microturbines are all examples of prime movers that can be converted to CHP. CHP, also known as cogeneration, can be employed in a single building or as a district energy/utility resource.

Typically, technology is used in buildings that require both electrical and thermal energy. It has several advantages, including less reliance on grid assistance owing to on-site electricity generation, high dependability, low energy and initial setup costs, resiliency against power outages, and lower hazardous pollutants.

During grid power outages, CHP systems can manage critical electrical and thermal demands. Micro turbines are a form of combustion turbine that generates heat as well as power on a tiny scale.

The COVID-19 pandemic had a negative impact on the Japan combined heat and power market. Governments and municipal governments established strict restrictions, and all non-essential activity were suspended.

  • Rising government policies and environmental concerns, renovations to outdated power plants, and a stable & uninterrupted power supply are some factors that can drive the market.

  • Increasing use of CHP in many industries, such as sugar, chemicals, paper & pulp, and government assistance can boost the market.

  • Support from the government in form of policies, beneficial subsidies, and tax cuts is estimated to spur the market.

  • The Cool Earth-Energy Innovative Technology Plan, the special measures law for boosting the use of new energy, and government assistance for the deployment of new & renewable energy are anticipated to spur the market growth.

  • The New Energy Development Organization (NEDO) was founded in October 1980 with the goal of lowering project costs and increasing renewable energy production. NEDO has completed a number of winds, solar, and other renewable energy research and development projects. Thus, such projects can drive the market.

  • The New Energy Promotion Council (NEPC) launched a programme in 1997 for business and governmental entities interested in investing in new energy technology & facilities such as PV systems, natural gas cogeneration, solar heat, wind, biomass thermal, snow & ice heat energy, and fuel cell, which is projected to boost the market.

Scope of Gesture Recognition Market Report

The report on the Japan combined heat and power market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Combined Heat and Power Market - Japan Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016–2021

Forecast Period

2023–2031

Segmentation

Application (Residential, Industrial & Utilities, and Commercial) and Fuel Types (Natural Gas, Coal, Oil, and Others)

Country Scope

Japan

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

General Electric Company.; Kawasaki Heavy Industries Ltd.; Siemens AG.; Capstone Turbine Corporation.; and MAN Energy Solutions

Japan Combined Heat and Energy Market Segment Insights

Industrial & utilization segment is expected to grow at a rapid pace

Based on application, the Japan combined heat and power market is divided into residential, industrial & utilities, and commercial. The industrial & utilization segment is expected to grow at a rapid pace during the forecast period as the utilization of energy for a range of purposes in industrial sectors such as chemicals, oil & gas, pharmaceuticals, and food & beverage, including steam & cogeneration, building heating & cooling, and process heating.

Japan Combined Heat and Power Market By Applications

Natural gas segment is projected to expand at a considerable CAGR

On the basis of fuel type, the market is segregated into natural gas, coal, oil, and others. The natural gas segment is projected to expand at a considerable CAGR during the forecast period. Natural gas has been front-runner in the CHP industry, gaining a reputation for efficiency, environmental compatibility, and safety. Natural gas burns cleanly and safely, lowering maintenance, and prolonging the life of the CHP unit.

Segments

The Japan combined heat and power market has been segmented on the basis of

Applications

  • Residential
  • Industrial & Utilities
  • Commercial

Fuel Types

  • Natural Gas
  • Coal
  • Oil
  • Others

Country

  • Japan

Key Players

Competitive Landscape

Key players competing in the Japan combined heat and power market include General Electric Company.; Kawasaki Heavy Industries Ltd.; Siemens AG.; Capstone Turbine Corporation.; MAN Energy Solutions. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market share.

Japan Combined Heat and Power Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Japan Combined Heat and Power Market Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Japan Combined Heat and Power Market Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Japan Combined Heat and Power Market Market - Supply Chain
  4.5. Global Japan Combined Heat and Power Market Market Forecast
     4.5.1. Japan Combined Heat and Power Market Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Japan Combined Heat and Power Market Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Japan Combined Heat and Power Market Market Absolute $ Opportunity
5. Global Japan Combined Heat and Power Market Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Japan Combined Heat and Power Market Market Size and Volume Forecast by Applications
     5.3.1. Residential Industrial & Utilities Commercial
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Japan Combined Heat and Power Market Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Japan Combined Heat and Power Market Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Japan Combined Heat and Power Market Demand Share Forecast, 2019-2026
7. North America Japan Combined Heat and Power Market Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Japan Combined Heat and Power Market Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Japan Combined Heat and Power Market Market Size and Volume Forecast by Applications
     7.4.1. Residential Industrial & Utilities Commercial
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Japan Combined Heat and Power Market Demand Share Forecast, 2019-2026
8. Latin America Japan Combined Heat and Power Market Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Japan Combined Heat and Power Market Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Japan Combined Heat and Power Market Market Size and Volume Forecast by Applications
     8.4.1. Residential Industrial & Utilities Commercial
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Japan Combined Heat and Power Market Demand Share Forecast, 2019-2026
9. Europe Japan Combined Heat and Power Market Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Japan Combined Heat and Power Market Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Japan Combined Heat and Power Market Market Size and Volume Forecast by Applications
     9.4.1. Residential Industrial & Utilities Commercial
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Japan Combined Heat and Power Market Demand Share Forecast, 2019-2026
10. Asia Pacific Japan Combined Heat and Power Market Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Japan Combined Heat and Power Market Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Japan Combined Heat and Power Market Market Size and Volume Forecast by Applications
     10.4.1. Residential Industrial & Utilities Commercial
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Japan Combined Heat and Power Market Demand Share Forecast, 2019-2026
11. Middle East & Africa Japan Combined Heat and Power Market Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Japan Combined Heat and Power Market Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Japan Combined Heat and Power Market Market Size and Volume Forecast by Applications
     11.4.1. Residential Industrial & Utilities Commercial
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Japan Combined Heat and Power Market Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Japan Combined Heat and Power Market Market: Market Share Analysis
  12.2. Japan Combined Heat and Power Market Distributors and Customers
  12.3. Japan Combined Heat and Power Market Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. General Electric Company Kawasaki Heavy Industries Ltd. Siemens AG. Capstone Turbine Corporation. MAN Energy Solutions

Methodology

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