Middle East & Africa Combined Heat and Power Market

Middle East & Africa Combined Heat and Power Market by Fuel Types (Biomass, Coal, Natural Gas, Oil, and Others) and Geography (South Africa, Iran, Saudi Arabia, United Arab Emirates, Egypt, and Rest of the Middle-East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-3723
  • Author: Growth Market Reports
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  • No. Of Pages: 170
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The Middle East & Africa combined heat and power market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for captive power generation, rising awareness regarding the use of sustainable energy, and growing investments toward renewable technologies to curb carbon emissions.

Middle East & Africa Combined Heat and Power Market Key Takeaways

Combined heat and power, also known as cogeneration broadly comprises the use of a heat engine or power station to generate electricity and useful heat at the same time. The combined heat and power system makes more efficient use of fuel or heat. The otherwise-wasted heat from electricity generation is put to some productive use through the cogeneration. The combined heat and power plant efficiently recovers the otherwise wasted thermal energy for heating. The process is also referred to as combined heat and power district heating. The supply of high-temperature heat drives a gas turbine-powered generator. The resulting low-temperature heat is then used for water or space heating. The large combined heat and power systems provide heating water and power for an industrial site. The common combined heat and power plant types are gas turbine CHP plant, gas engine CHP plant, combined cycle power plant, biofuel engine CHP plant, molten-carbonate fuel cells & solid oxide fuel cells, and steam turbine CHP plant. Many process industries, such as oil refineries, chemical plants, and pulp & paper mills require large amounts of process heat for multiple industrial operations including chemical reactors, distillation columns, and steam driers. The heat that is usually used in the form of steam can be generated at the typically low pressures used in heating. It can also be generated at much higher pressure and passed through a turbine to generate electricity. In the turbine the temperature and steam pressure is lowered as the internal energy of the steam. Therefore, the excessive heat is effectively converted to work. In comparison with the electric power generation that generates energy & power by the means of fossil fuel-based thermoelectric plants, the energy generation using combined heat and power system has environmental advantages due to the reduction of CO2 emissions. Additionally, the cogeneration using sugarcane bagasse presents advantages in terms of efficiency comparing to thermoelectric generation.

The COVID-19 pandemic had a dramatic impact on the dynamics of various industries. The nationwide lockdowns and stringent regulations resulted into the halting of industrial manufacturing and production. The outbreak of coronavirus caused disruption in supply-chain and transportation activities at global level. The pandemic situation resulted into the decline in oil prices and delays in oil & gas upstream projects. Therefore, the suspension of end-user activities restricted the growth of the combined heat and power market.

Market Trends, Drivers, Restraints and Opportunities

  • Rising demand for commercial applications and growing electricity consumption are the major factor propelling the market expansion during the projected period.
  • Growing refurbishment of existing energy generation plants and increasing investments for research and development activities are expected to spur the market expansion in the coming years.
  • Government programs and incentives to promote the installation of CHP systems is expected to support the growth of this market during the forecast period.
  • High costs associated with installation & maintenance of combined heat and power systems is expected to hamper the market growth during the projected timeline.
  • Increasing trend of distributed power generation and growing demand for gas turbine-based CHP systems are expected to create numerous opportunities for the market growth in the long run.

Scope of the Report

The report on the Middle East & Africa 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 - Middle East & Africa Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Fuel Types (Biomass, Coal, Natural Gas, Oil, and Others)

Geographical Scope

South Africa, Iran, Saudi Arabia, United Arab Emirates, Egypt, and Rest of the Middle-East & Africa

Report Coverage

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

Key Players Covered in the Report

ABB Ltd; General Electric Company; Engie S.A; and Siemens AG

Middle East & Africa Combined Heat and Power Market Segment Insights

Biomass segment is estimated to dominate the market

On the basis of fuel types, the market is segregated into biomass, coal, natural gas, oil, and others. The biomass segment is estimated to dominate the market owing to the increasing demand for biomass combined heat and power systems for the generation of heat and electricity. Moreover, the growing demand from off the mains grid platforms and easy availability of biomass fuel is anticipated to fuel the growth of the market segment in the coming years. On the other hand, the natural gas segment is expected to grow at a significant rate during the projected period due to the high demand from gas engines for electricity generation.

Middle East & Africa Combined Heat and Power Market By Fuel Types

Saudi Arabia market is anticipated to constitute a key market share

In terms of geography, the market is classified as South Africa, Iran, Saudi Arabia, United Arab Emirates, Egypt, and Rest of the Middle-East & Africa. The market in Saudi Arabia is anticipated to constitute a key share of the market during the projected period owing to the availability of highly efficient systems, competitive gas prices, and decentralized energy generation. Moreover, the increasing energy consumption and rising concerns towards green house gas emissions in line with enhanced safety, reliability, & efficiency across cogeneration systems are some of the factors to encourage the growth of the market in the country. Furthermore, the increasing replacement of conventional energy generation systems with highly efficient cogeneration plants is expected to boost the growth of the market during the projected timeline. However, the market in United Arab Emirates is anticipated to exhibit a robust CAGR during the forecast period due to the growing technological advancements and growing inclination toward adoption of biomass fueled systems.

Segments

Segments Covered in the Report
The Middle East & Africa combined heat and power market has been segmented on the basis of

Fuel Types
  • Biomass
  • Coal
  • Natural Gas
  • Oil
  • Others
Geography
  • South Africa
  • Iran
  • Saudi Arabia
  • United Arab Emirates
  • Egypt
  • Rest of the Middle-East & Africa
Key Players
  • ABB Ltd
  • General Electric Company
  • Engie S.A
  • Siemens AG

Competitive Landscape

Key players competing in the Middle East & Africa combined heat and power market are ABB Ltd; General Electric Company; Engie S.A; and Siemens AG. The companies are focusing on business strategies, acquisitions, and collaborations with other industry players for undertaking new projects in emerging economies to improve their competitive position in the market.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Combined Heat and Power 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. Combined Heat and Power Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Combined Heat and Power Market - Supply Chain
  4.5. Global Combined Heat and Power Market Forecast
     4.5.1. Combined Heat and Power Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Combined Heat and Power Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Combined Heat and Power Market Absolute $ Opportunity
5. Global Combined Heat and Power Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Combined Heat and Power Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Combined Heat and Power Demand Share Forecast, 2019-2026
6. North America Combined Heat and Power Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Combined Heat and Power Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Combined Heat and Power Demand Share Forecast, 2019-2026
7. Latin America Combined Heat and Power 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
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Combined Heat and Power Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Combined Heat and Power Demand Share Forecast, 2019-2026
8. Europe Combined Heat and Power 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. Europe Average Pricing Analysis
  8.2. Europe Combined Heat and Power Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Combined Heat and Power Demand Share Forecast, 2019-2026
9. Asia Pacific Combined Heat and Power 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. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Combined Heat and Power Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Combined Heat and Power Demand Share Forecast, 2019-2026
10. Middle East & Africa Combined Heat and Power 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. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Combined Heat and Power Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Combined Heat and Power Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Combined Heat and Power Market: Market Share Analysis
  11.2. Combined Heat and Power Distributors and Customers
  11.3. Combined Heat and Power Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. ABB Ltd General Electric Company Engie S.A Siemens AG
Segments Covered in the Report
The Middle East & Africa combined heat and power market has been segmented on the basis of

Fuel Types
  • Biomass
  • Coal
  • Natural Gas
  • Oil
  • Others
Geography
  • South Africa
  • Iran
  • Saudi Arabia
  • United Arab Emirates
  • Egypt
  • Rest of the Middle-East & Africa
Key Players
  • ABB Ltd
  • General Electric Company
  • Engie S.A
  • Siemens AG

Key players competing in the Middle East & Africa combined heat and power market are ABB Ltd; General Electric Company; Engie S.A; and Siemens AG. The companies are focusing on business strategies, acquisitions, and collaborations with other industry players for undertaking new projects in emerging economies to improve their competitive position in the market.

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