United States Combined Heat and Power Market

United States Combined Heat and Power Market by by Application (Commercial, and Industrial) and Fuel Type (Natural Gas, Renewable, Coal, and Others) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-1736
  • Author: Growth market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 215
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The United States combined heat and power market size is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to energy conservation efforts, adoption are energy efficiency requisites, favorable government initiatives, the drive toward carbon neutrality, rising energy prices, grid ability to complement variable renewable, greater primary energy savings, and resilience.

United States Combined Heat and Power Market

Combined heat and power (CHP) refers to a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating mechanical or electrical power.

The Covid-19 pandemic had an adverse impact on the US combined heat and power market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising need and efforts for energy conservation is expected to boost the market during the forecast period.
  • Increasing energy prices is anticipated to propel the combined heat and power market in coming years.
  • Growing drive toward carbon neutrality and grid ability to complement variable renewable & resilience are likely to boost the demand for CHP’s.
  • Cogeneration and distributed & onsite power generation are aiding towards achieving energy efficiency are the major factors driving the demand for combined heat and power.
  • Favorable legislation and government initiatives are projected to spur the market in near future.
  • Rising trend and preference towards fuel diversification, including hydrogen and renewable fuel-based systems to greater installation of high-efficiency systems and transition to net-zero-carbon systems are estimated to propel the CHP market
  • R&D investment and technological advancement in combined heat and power market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the United States 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

United States Combined Heat and Power Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Application (Commercial, and Industrial) and Fuel Type (Natural Gas, Renewable, Coal, and Others)

Report Coverage

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

Key Players Covered in the Report

2G Energy Inc., General Electric Company, Aegis Energy Services Inc
Caterpillar Inc, and Curtis Engine & Equipment Co. Inc.

Market Segment insights

The industrial segment is projected to constitute a large market share

Based on application, the combined heat and power market is segregated into commercial, and industrial. The industrial segment is expected to account for a key share of the market during the forecast period owing to the applications of flexible and cost-effective CHP systems.  These systems have the advantage of conventional CHP but can also provide support to the electricity grid in the form of frequency regulation, electricity supply, and reserve capacity.

United States Combined Heat and Power Market by

The natural gas segment is expected to register a substantial CAGR

Based on fuel type, the combined heat and power market is divided into natural gas, renewable, coal, and others. The natural gas segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to its applications such as   lower greenhouse gas and other emissions, economic competitiveness, increased energy efficiency, and energy resiliency. Furthermore, 70% of the existing combined heat and power capacity in the US is driven by natural gas, which results to roughly 4.5 trillion cubic feet (Tcf) of annual consumption, accounting for approximately 18% of annual natural gas demand. Additionally, providing power and steam to large industries such as paper, chemicals, food processing, refining, and metals manufacturing are the key factors driving the segment growth.

United States Combined Heat and Power Market by

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. 2G Energy Inc. General Electric Company Aegis Energy Services Inc Caterpillar Inc  

Segments Covered in the Report

The United States combined heat and power market has been segmented on the basis of:-

Application

  • Commercial
  • Industrial

Fuel Type

  • Natural Gas
  • Renewable
  • Coal
  • Others

Key Companies

  • 2G Energy Inc.
  • General Electric Company
  • Aegis Energy Services Inc
  • Caterpillar Inc
  • Curtis Engine & Equipment Co. Inc

Key players competing in the United States combined heat and power market include 2G Energy Inc., General Electric Company, Aegis Energy Services Inc

Caterpillar Inc, and Curtis Engine & Equipment Co. Inc.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

United States Combined Heat and Power Market

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