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On Grid Combined Heat and Power Market Size, Forecast [2031]

On Grid Combined Heat and Power Market

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Segments - by Applications (Utilities, Commercial and Industrial, and Residential), Fuel Types (Natural Gases, Coals, Oil, Biomass, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

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Author :

Aamir Ansari

Fact-checked by :

Vineet Pandey

Editor :

Swapnil Hedau

Report Description

The global on grid combined heat and power market size is anticipated to expand at a significant CAGR during the forecast period, 2021-2028. The growth of the market is attributed to demand for solutions to improve energy efficiency and rising environmental regulatory pressure on power plants and industrial boilers.

Combined heat and power (CHP) is also known as cogeneration. The method of generating heat and electricity at the same time is referred to combined heat and power generation. Combined heat and power is generally used for producing electricity and the heat recovered for local water or space heating. These systems can be invested at various places such as buildings, utilities, and individual facilities,. Combined heat and power systems are mostly used when they required electricity and heat both at the same time.

The COVID-19 pandemic negatively impacted the combined heat and power market due to strict guidelines issued by governments and local authorities, and all non-essential operations were halted. However, the relaxation in restriction is estimated to positively influence the market growth.

Market Trends, Drivers, Restraints and Opportunities

Increasing government programs and incentives to promote CHP is projected to drive the market growth during the forecast period.
Rising natural gas supply and price is projected to drive the market growth during the forecast period.
Growing energy prices and stringent regulations is expected to boost the market growth in the coming years.
Increasing utilization of waste resources is projected to drive the market growth during the forecast period.
Growing end-user requirements for the replacement of conventional energy systems is expected to boost the market growth in the coming years.
Rising usage of natural gas industrialization is anticipated to boost the market growth in the coming years.
Increasing requirement for power is projected to drive the market growth during the forecast period.
High upfront costs are estimated to restrict the market growth in the coming years.
Increased installation and maintenance costs of CHP systems can restrain the market growth in the coming years.
Damage to prime movers due to impurities in biogas fueled CHP plans can create challenges for the market growth.
Increased trend of distributed power generation can create lucrative opportunities during the forecast period.

Scope of the Report

The report on the global on grid 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	On Grid Combined Heat and Power Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Applications (Utilities, Commercial and Industrial, and Residential) and Fuel Types (Natural Gases, Coals, Oils, Biomass, and Others)
Regions	Asia Pacific, North America, Latin America, Europe, and 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	General Electric Company; Kawasaki Heavy Industries Ltd.; Bosch Thermo technology GmbH; Viessmann Werke; and Siemens AG

On Grid Combined Heat and Power Market Segment Insights

Residential segment to hold a significant market share

Based on applications, the market is divided into utilities, commercial and industrial, and residential. The commercial and industrial segment is anticipated to hold a key share of the market in the coming years due to reduced operating costs. However, the residential segment is anticipated to expand at a rapid pace during the forecast period owing to increased energy efficiency, operating cost savings, and reduced air pollution.

Biomass segment is expected to grow at a rapid pace

On the basis of fuel types, the market is divided into natural gases, coals, oils, biomasses, and others. The natural gases segment is expected to represent a major share of the market in the coming years due to reduced pollutant emission in the air. On the other hand, the biomass segment is anticipated to expand at a rapid pace during the forecast period.

North America is estimated to account a major market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to the fact that the region is one of the most prominent regions in the early adoption of technology. However, the market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to the growing focus of governments of many countries to increase the share of clean energy to the energy mix.

Segments

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

Applications

Utilities
Commercial and Industrial
Residential

Fuel Types

Natural Gases
Coals
Oils
Biomass
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

General Electric Company
Kawasaki Heavy Industries Ltd.
Bosch Thermo technology GmbH
Viessmann Werke
Siemens AG

Competitive Landscape

Key players competing in the on grid combined heat and power market includes General Electric Company; Kawasaki Heavy Industries Ltd.; Bosch Thermo technology GmbH; Viessmann Werke; and Siemens AG.

Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. On Grid 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. On Grid 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. On Grid Combined Heat and Power Market - Supply Chain
  4.5. Global On Grid Combined Heat and Power Market Forecast
     4.5.1. On Grid Combined Heat and Power Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. On Grid Combined Heat and Power Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. On Grid Combined Heat and Power Market Absolute $ Opportunity
5. Global On Grid Combined Heat and Power 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. On Grid Combined Heat and Power Market Size and Volume Forecast by Applications
     5.3.1. Utilities Commercial and Industrial Residential
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global On Grid Combined Heat and Power 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. On Grid Combined Heat and Power 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 On Grid Combined Heat and Power Demand Share Forecast, 2019-2026
7. North America On Grid 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
  7.2. North America On Grid Combined Heat and Power 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 On Grid Combined Heat and Power Market Size and Volume Forecast by Applications
     7.4.1. Utilities Commercial and Industrial Residential
  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 On Grid Combined Heat and Power Demand Share Forecast, 2019-2026
8. Latin America On Grid 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. Latin America Average Pricing Analysis
  8.2. Latin America On Grid Combined Heat and Power 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 On Grid Combined Heat and Power Market Size and Volume Forecast by Applications
     8.4.1. Utilities Commercial and Industrial Residential
  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 On Grid Combined Heat and Power Demand Share Forecast, 2019-2026
9. Europe On Grid 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. Europe Average Pricing Analysis
  9.2. Europe On Grid Combined Heat and Power 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 On Grid Combined Heat and Power Market Size and Volume Forecast by Applications
     9.4.1. Utilities Commercial and Industrial Residential
  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 On Grid Combined Heat and Power Demand Share Forecast, 2019-2026
10. Asia Pacific On Grid 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific On Grid Combined Heat and Power 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 On Grid Combined Heat and Power Market Size and Volume Forecast by Applications
     10.4.1. Utilities Commercial and Industrial Residential
  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 On Grid Combined Heat and Power Demand Share Forecast, 2019-2026
11. Middle East & Africa On Grid Combined Heat and Power 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 On Grid Combined Heat and Power 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 On Grid Combined Heat and Power Market Size and Volume Forecast by Applications
     11.4.1. Utilities Commercial and Industrial Residential
  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 On Grid Combined Heat and Power Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global On Grid Combined Heat and Power Market: Market Share Analysis
  12.2. On Grid Combined Heat and Power Distributors and Customers
  12.3. On Grid Combined Heat and Power Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. General Electric Company Kawasaki Heavy Industries Ltd. Bosch Thermo technology GmbH Viessmann Werke Siemen

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