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Combined Heat and Power (CHP)-Global Market Insights and Sales Trends 2025
Synopsis
Combined heat and power (CHP) is a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. By generating heat and power simultaneously, CHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation via a boiler and power station.
The heat generated during this process is supplied to an appropriately matched heat demand that would otherwise be met by a conventional boiler. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating electrical or mechanical power. This allows heat requirements to be met that would otherwise require additional fuel to be burnt.
For many organizations, CHP is the measure that offers the most significant single opportunity to reduce energy costs and to improve environmental performance with existing users of CHP typically saving around 20% of their energy costs.
Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. This report studies the Commercial Combined Heat and Power (CHP) System market, mainly used in the residential, service sector and others.
The global Combined Heat and Power (CHP) market size is expected to reach US$ 4151 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Combined Heat and Power (CHP) in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Combined Heat and Power (CHP) market. Natural Gas, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Coal segment is estimated at % CAGR for the next seven-year period.
Global Commercial Combined Heat and Power (CHP) System key players include Siemens, BOSCH THERMOTECHNIK, E.ON, GE, ABB, etc. Global top five manufacturers hold a share over 30%.
Europe is the largest market, with a share over 40%, followed by China, and North America, both have a share about 35 percent.
In terms of product, Small Scale CHP is the largest segment, with a share over 65%. And in terms of application, the largest application is Office Buildings, followed by Service Sector, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Combined Heat and Power (CHP), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Combined Heat and Power (CHP) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Combined Heat and Power (CHP) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Combined Heat and Power (CHP) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Combined Heat and Power (CHP) covered in this report include MAN Diesel & Turbo, Caterpillar, Mitsubishi heavy Industries, General Electric, Cummins, Bosch Thermotechnology, ABB, ENER-G Rudox and Veolia, etc.
The global Combined Heat and Power (CHP) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
MAN Diesel & Turbo
Caterpillar
Mitsubishi heavy Industries
General Electric
Cummins
Bosch Thermotechnology
ABB
ENER-G Rudox
Veolia
Global Combined Heat and Power (CHP) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Combined Heat and Power (CHP) market, Segment by Type:
Natural Gas
Coal
Biomass
Others
Global Combined Heat and Power (CHP) market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Combined Heat and Power (CHP) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Combined Heat and Power (CHP) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Combined heat and power (CHP) is a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. By generating heat and power simultaneously, CHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation via a boiler and power station.
The heat generated during this process is supplied to an appropriately matched heat demand that would otherwise be met by a conventional boiler. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating electrical or mechanical power. This allows heat requirements to be met that would otherwise require additional fuel to be burnt.
For many organizations, CHP is the measure that offers the most significant single opportunity to reduce energy costs and to improve environmental performance with existing users of CHP typically saving around 20% of their energy costs.
Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. This report studies the Commercial Combined Heat and Power (CHP) System market, mainly used in the residential, service sector and others.
The global Combined Heat and Power (CHP) market size is expected to reach US$ 4151 million by 2029, growing at a CAGR of 3.1% from 2023 to 2029. The market is mainly driven by the significant applications of Combined Heat and Power (CHP) in various end use industries. The expanding demands from the Residential, Commercial and Industrial,, are propelling Combined Heat and Power (CHP) market. Natural Gas, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Coal segment is estimated at % CAGR for the next seven-year period.
Global Commercial Combined Heat and Power (CHP) System key players include Siemens, BOSCH THERMOTECHNIK, E.ON, GE, ABB, etc. Global top five manufacturers hold a share over 30%.
Europe is the largest market, with a share over 40%, followed by China, and North America, both have a share about 35 percent.
In terms of product, Small Scale CHP is the largest segment, with a share over 65%. And in terms of application, the largest application is Office Buildings, followed by Service Sector, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Combined Heat and Power (CHP), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Combined Heat and Power (CHP) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Combined Heat and Power (CHP) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Combined Heat and Power (CHP) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Combined Heat and Power (CHP) covered in this report include MAN Diesel & Turbo, Caterpillar, Mitsubishi heavy Industries, General Electric, Cummins, Bosch Thermotechnology, ABB, ENER-G Rudox and Veolia, etc.
The global Combined Heat and Power (CHP) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
MAN Diesel & Turbo
Caterpillar
Mitsubishi heavy Industries
General Electric
Cummins
Bosch Thermotechnology
ABB
ENER-G Rudox
Veolia
Global Combined Heat and Power (CHP) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Combined Heat and Power (CHP) market, Segment by Type:
Natural Gas
Coal
Biomass
Others
Global Combined Heat and Power (CHP) market, by Application
Residential
Commercial
Industrial
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Combined Heat and Power (CHP) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Combined Heat and Power (CHP) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Combined Heat and Power (CHP) Market Overview
1.1 Combined Heat and Power (CHP) Product Overview
1.2 Combined Heat and Power (CHP) Market Segment by Type
1.2.1 Natural Gas
1.2.2 Coal
1.2.3 Biomass
1.2.4 Others
1.3 Global Combined Heat and Power (CHP) Market Size by Type
1.3.1 Global Combined Heat and Power (CHP) Market Size Overview by Type (2018-2029)
1.3.2 Global Combined Heat and Power (CHP) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Combined Heat and Power (CHP) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Combined Heat and Power (CHP) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Combined Heat and Power (CHP) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Combined Heat and Power (CHP) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Combined Heat and Power (CHP) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Combined Heat and Power (CHP) Sales Breakdown by Type (2018-2023)
2 Global Combined Heat and Power (CHP) Market Competition by Company
2.1 Global Top Players by Combined Heat and Power (CHP) Sales (2018-2023)
2.2 Global Top Players by Combined Heat and Power (CHP) Revenue (2018-2023)
2.3 Global Top Players by Combined Heat and Power (CHP) Price (2018-2023)
2.4 Global Top Manufacturers Combined Heat and Power (CHP) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Combined Heat and Power (CHP) Market Competitive Situation and Trends
2.5.1 Combined Heat and Power (CHP) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Combined Heat and Power (CHP) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Combined Heat and Power (CHP) as of 2022)
2.7 Date of Key Manufacturers Enter into Combined Heat and Power (CHP) Market
2.8 Key Manufacturers Combined Heat and Power (CHP) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Combined Heat and Power (CHP) Status and Outlook by Region
3.1 Global Combined Heat and Power (CHP) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Combined Heat and Power (CHP) Historic Market Size by Region
3.2.1 Global Combined Heat and Power (CHP) Sales in Volume by Region (2018-2023)
3.2.2 Global Combined Heat and Power (CHP) Sales in Value by Region (2018-2023)
3.2.3 Global Combined Heat and Power (CHP) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Combined Heat and Power (CHP) Forecasted Market Size by Region
3.3.1 Global Combined Heat and Power (CHP) Sales in Volume by Region (2024-2029)
3.3.2 Global Combined Heat and Power (CHP) Sales in Value by Region (2024-2029)
3.3.3 Global Combined Heat and Power (CHP) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Combined Heat and Power (CHP) by Application
4.1 Combined Heat and Power (CHP) Market Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.1.3 Industrial
4.2 Global Combined Heat and Power (CHP) Market Size by Application
4.2.1 Global Combined Heat and Power (CHP) Market Size Overview by Application (2018-2029)
4.2.2 Global Combined Heat and Power (CHP) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Combined Heat and Power (CHP) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Combined Heat and Power (CHP) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Combined Heat and Power (CHP) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Combined Heat and Power (CHP) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Combined Heat and Power (CHP) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Combined Heat and Power (CHP) Sales Breakdown by Application (2018-2023)
5 North America Combined Heat and Power (CHP) by Country
5.1 North America Combined Heat and Power (CHP) Historic Market Size by Country
5.1.1 North America Combined Heat and Power (CHP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Combined Heat and Power (CHP) Sales in Volume by Country (2018-2023)
5.1.3 North America Combined Heat and Power (CHP) Sales in Value by Country (2018-2023)
5.2 North America Combined Heat and Power (CHP) Forecasted Market Size by Country
5.2.1 North America Combined Heat and Power (CHP) Sales in Volume by Country (2024-2029)
5.2.2 North America Combined Heat and Power (CHP) Sales in Value by Country (2024-2029)
6 Europe Combined Heat and Power (CHP) by Country
6.1 Europe Combined Heat and Power (CHP) Historic Market Size by Country
6.1.1 Europe Combined Heat and Power (CHP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Combined Heat and Power (CHP) Sales in Volume by Country (2018-2023)
6.1.3 Europe Combined Heat and Power (CHP) Sales in Value by Country (2018-2023)
6.2 Europe Combined Heat and Power (CHP) Forecasted Market Size by Country
6.2.1 Europe Combined Heat and Power (CHP) Sales in Volume by Country (2024-2029)
6.2.2 Europe Combined Heat and Power (CHP) Sales in Value by Country (2024-2029)
7 Asia-Pacific Combined Heat and Power (CHP) by Region
7.1 Asia-Pacific Combined Heat and Power (CHP) Historic Market Size by Region
7.1.1 Asia-Pacific Combined Heat and Power (CHP) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Combined Heat and Power (CHP) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Combined Heat and Power (CHP) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Combined Heat and Power (CHP) Forecasted Market Size by Region
7.2.1 Asia-Pacific Combined Heat and Power (CHP) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Combined Heat and Power (CHP) Sales in Value by Region (2024-2029)
8 Latin America Combined Heat and Power (CHP) by Country
8.1 Latin America Combined Heat and Power (CHP) Historic Market Size by Country
8.1.1 Latin America Combined Heat and Power (CHP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Combined Heat and Power (CHP) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Combined Heat and Power (CHP) Sales in Value by Country (2018-2023)
8.2 Latin America Combined Heat and Power (CHP) Forecasted Market Size by Country
8.2.1 Latin America Combined Heat and Power (CHP) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Combined Heat and Power (CHP) Sales in Value by Country (2024-2029)
9 Middle East and Africa Combined Heat and Power (CHP) by Country
9.1 Middle East and Africa Combined Heat and Power (CHP) Historic Market Size by Country
9.1.1 Middle East and Africa Combined Heat and Power (CHP) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Combined Heat and Power (CHP) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Combined Heat and Power (CHP) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Combined Heat and Power (CHP) Forecasted Market Size by Country
9.2.1 Middle East and Africa Combined Heat and Power (CHP) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Combined Heat and Power (CHP) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 MAN Diesel & Turbo
10.1.1 MAN Diesel & Turbo Company Information
10.1.2 MAN Diesel & Turbo Introduction and Business Overview
10.1.3 MAN Diesel & Turbo Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 MAN Diesel & Turbo Combined Heat and Power (CHP) Products Offered
10.1.5 MAN Diesel & Turbo Recent Development
10.2 Caterpillar
10.2.1 Caterpillar Company Information
10.2.2 Caterpillar Introduction and Business Overview
10.2.3 Caterpillar Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Caterpillar Combined Heat and Power (CHP) Products Offered
10.2.5 Caterpillar Recent Development
10.3 Mitsubishi heavy Industries
10.3.1 Mitsubishi heavy Industries Company Information
10.3.2 Mitsubishi heavy Industries Introduction and Business Overview
10.3.3 Mitsubishi heavy Industries Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Mitsubishi heavy Industries Combined Heat and Power (CHP) Products Offered
10.3.5 Mitsubishi heavy Industries Recent Development
10.4 General Electric
10.4.1 General Electric Company Information
10.4.2 General Electric Introduction and Business Overview
10.4.3 General Electric Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 General Electric Combined Heat and Power (CHP) Products Offered
10.4.5 General Electric Recent Development
10.5 Cummins
10.5.1 Cummins Company Information
10.5.2 Cummins Introduction and Business Overview
10.5.3 Cummins Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Cummins Combined Heat and Power (CHP) Products Offered
10.5.5 Cummins Recent Development
10.6 Bosch Thermotechnology
10.6.1 Bosch Thermotechnology Company Information
10.6.2 Bosch Thermotechnology Introduction and Business Overview
10.6.3 Bosch Thermotechnology Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bosch Thermotechnology Combined Heat and Power (CHP) Products Offered
10.6.5 Bosch Thermotechnology Recent Development
10.7 ABB
10.7.1 ABB Company Information
10.7.2 ABB Introduction and Business Overview
10.7.3 ABB Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 ABB Combined Heat and Power (CHP) Products Offered
10.7.5 ABB Recent Development
10.8 ENER-G Rudox
10.8.1 ENER-G Rudox Company Information
10.8.2 ENER-G Rudox Introduction and Business Overview
10.8.3 ENER-G Rudox Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 ENER-G Rudox Combined Heat and Power (CHP) Products Offered
10.8.5 ENER-G Rudox Recent Development
10.9 Veolia
10.9.1 Veolia Company Information
10.9.2 Veolia Introduction and Business Overview
10.9.3 Veolia Combined Heat and Power (CHP) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Veolia Combined Heat and Power (CHP) Products Offered
10.9.5 Veolia Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Combined Heat and Power (CHP) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Combined Heat and Power (CHP) Industrial Chain Analysis
11.4 Combined Heat and Power (CHP) Market Dynamics
11.4.1 Combined Heat and Power (CHP) Industry Trends
11.4.2 Combined Heat and Power (CHP) Market Drivers
11.4.3 Combined Heat and Power (CHP) Market Challenges
11.4.4 Combined Heat and Power (CHP) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Combined Heat and Power (CHP) Distributors
12.3 Combined Heat and Power (CHP) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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