Product Code: 978-1-68038-552-6
Combined Heat & Power Installation Market Growth & Trends:
The global combined heat & power installation market size is expected to reach USD 12.84 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.7% from 2025 to 2030. Modification in preferences towards replacing conventional sources of energy systems on account of uninterrupted power supply and operational cost is expected to drive the market. Growing energy demand from industrial applications, such as paper, pulp, chemical, cement, pharmaceuticals, refining, and sugar is also expected to have a positive impact on market growth. Rising demand for lighting and space heating applications in retail malls, offices, hospitals, and universities has also encouraged CHP installation for commercial applications.
Natural gas-based fuel systems dominated the market and accounted for over 65.0% of the total capacity in 2019. A recent decline in natural gas prices on account of the discovery of unconventional natural gas reserves is expected to drive this segment over the forecast period. Coal-based systems are expected to witness moderate growth rates with an estimated CAGR of 2.3% from 2020 to 2027. Government regulations to curb Greenhouse Gases (GHG) into the atmosphere are expected to drive CHP system installations in various sectors such as industrial, residential, commercial, and institutional sectors which include hospitals and schools. CHP systems require less fuel to generate the same energy as SHIP systems, and therefore, can reduce GHGs and air pollutants such as nitrogen oxides and sulfur dioxide to enter into the atmosphere.
Combined Heat & Power Installation Market Report Highlights:
- The large scale segment dominated the market with the largest revenue share of 76.9% share in 2024, attributed to its efficiency in meeting the substantial energy needs of industrial and commercial sectors.
- The natural gas segment held the largest market share in 2024, fueled by its abundance, cost-effectiveness, and cleaner-burning properties compared to other fossil fuels.
- The combined cycle segment accounted for the largest revenue share in 2024, owing to its exceptional efficiency and versatility.
- The industrial segment held the largest share in 2024, propelled by its high energy demands and need for efficient, cost-effective power solutions.
- The European combined heat and power installation market accounted for the largest revenue of 52.0% in 2024
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Insights
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Combined Heat & Power Installation Market Variables, Trends & Scope
- 3.1. Global Combined Heat & Power Installation Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.4.1. Policies and Incentive Plans
- 3.4.2. Standards and Compliances
- 3.4.3. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Substitution Threat
- 3.6.4. Threat from New Entrant
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Social Landscape
- 3.7.4. Technological Landscape
- 3.7.5. Environmental Landscape
- 3.7.6. Legal Landscape
Chapter 4. Combined Heat & Power Installation Market: Type Outlook Estimates & Forecasts
- 4.1. Combined Heat & Power Installation Market: Type Movement Analysis, 2024 & 2030
- 4.1.1. Large scale
- 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 4.1.2. Small scale
- 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
Chapter 5. Combined Heat & Power Installation Market: Fuel Outlook Estimates & Forecasts
- 5.1. Combined Heat & Power Installation Market: Fuel Analysis, 2024 & 2030
- 5.1.1. Natural Gas
- 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 5.1.2. Coal CHP
- 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 5.1.3. Biomass
- 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 5.1.4. Others
- 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
Chapter 6. Combined Heat & Power Installation Market: Technology Outlook Estimates & Forecasts
- 6.1. Combined Heat & Power Installation Market: Technology Analysis, 2024 & 2030
- 6.1.1. Combined Cycle
- 6.1.1.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 6.1.2. Steam Turbine
- 6.1.2.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 6.1.3. Combustion/ Gas Turbine
- 6.1.3.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 6.1.4. Reciprocating Engine
- 6.1.4.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 6.1.5. Other
- 6.1.5.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
Chapter 7. Combined Heat & Power Installation Market: Application Outlook Estimates & Forecasts
- 7.1. Combined Heat & Power Installation Market: Application Analysis, 2024 & 2030
- 7.1.1. Residential
- 7.1.1.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 7.1.2. Commercial
- 7.1.2.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 7.1.3. Industrial
- 7.1.3.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
Chapter 8. Combined Heat & Power Installation Market Regional Outlook Estimates & Forecasts
- 8.1. Regional Snapshot
- 8.2. Combined Heat & Power Installation Market: Regional Movement Analysis, 2024 & 2030
- 8.3. North America
- 8.3.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.3.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.3.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.3.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.3.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.3.6. U.S.
- 8.3.6.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.3.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.3.6.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.3.6.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.3.6.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.3.7. Canada
- 8.3.7.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.3.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.3.7.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.3.7.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.3.7.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.3.8. Mexico
- 8.3.8.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.3.8.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.3.8.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.3.8.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.3.8.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.4. Europe
- 8.4.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.4.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.4.6. Russia
- 8.4.6.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.6.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.6.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.6.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.7. Germany
- 8.4.7.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.7.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.7.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.7.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.8. France
- 8.4.8.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.8.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.8.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.8.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.8.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.9. U.K.
- 8.4.9.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.9.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.9.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.9.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.9.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.10. Italy
- 8.4.10.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.10.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.10.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.10.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.10.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.11. Spain
- 8.4.11.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.11.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.11.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.11.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.11.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.12. Netherlands
- 8.4.12.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.12.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.12.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.12.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.12.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.4.13. Poland
- 8.4.13.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.4.13.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.4.13.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.4.13.4. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.4.13.5. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million)
- 8.5.2. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.5.3. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.5.4. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.5.5. Market Estimates and Forecast, By Technology, 2018 - 2032 (GW) (USD Million)
- 8.5.6. Market Estimates and Forecast, By Application, 2018 - 2032 (GW) (USD Million)
- 8.5.7. China
- 8.5.7.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.5.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.5.7.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.5.7.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.5.7.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.5.8. Japan
- 8.5.8.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.5.8.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.5.8.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.5.8.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.5.8.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.5.9. India
- 8.5.9.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.5.9.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.5.9.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.5.9.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.5.9.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.5.10. South Korea
- 8.5.10.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.5.10.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.5.10.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.5.10.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.5.10.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.5.11. Taiwan
- 8.5.11.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.5.11.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.5.11.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.5.11.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.5.11.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.6. Latin America
- 8.6.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.6.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.6.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.6.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.6.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
- 8.7. Middle East & Africa
- 8.7.1. Market Estimates and Forecast, 2018 - 2030 (GW) (USD Million)
- 8.7.2. Market Estimates and Forecast, By Type, 2018 - 2030 (GW) (USD Million)
- 8.7.3. Market Estimates and Forecast, By Fuel, 2018 - 2030 (GW) (USD Million)
- 8.7.4. Market Estimates and Forecast, By Technology, 2018 - 2030 (GW) (USD Million)
- 8.7.5. Market Estimates and Forecast, By Application, 2018 - 2030 (GW) (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Vendor Landscape
- 9.2.1. Company categorization
- 9.2.2. List of Key Distributors and channel Partners
- 9.2.3. List of Potential Customers/End Users
- 9.3. Competitive Dynamics
- 9.3.1. Competitive Benchmarking
- 9.3.2. Strategy Mapping
- 9.3.3. Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. E. ON SE
- 9.4.1.1. Participant's overview
- 9.4.1.2. Financial performance
- 9.4.1.3. Product benchmarking
- 9.4.1.4. Strategic initiatives
- 9.4.2. Mitsubishi Heavy Industries, Ltd.
- 9.4.2.1. Participant's overview
- 9.4.2.2. Financial performance
- 9.4.2.3. Product benchmarking
- 9.4.2.4. Strategic initiatives
- 9.4.3. Siemens
- 9.4.3.1. Participant's overview
- 9.4.3.2. Financial performance
- 9.4.3.3. Product benchmarking
- 9.4.3.4. Strategic initiatives
- 9.4.4. Centrica plc
- 9.4.4.1. Participant's overview
- 9.4.4.2. Financial performance
- 9.4.4.3. Product benchmarking
- 9.4.4.4. Strategic initiatives
- 9.4.5. General Electric Company
- 9.4.5.1. Participant's overview
- 9.4.5.2. Financial performance
- 9.4.5.3. Product benchmarking
- 9.4.5.4. Strategic initiatives
- 9.4.6. BDR Thermea Group
- 9.4.6.1. Participant's overview
- 9.4.6.2. Financial performance
- 9.4.6.3. Product benchmarking
- 9.4.6.4. Strategic initiatives
- 9.4.7. Dalkia Aegis
- 9.4.7.1. Participant's overview
- 9.4.7.2. Financial performance
- 9.4.7.3. Product benchmarking
- 9.4.7.4. Strategic initiatives
- 9.4.8. Clarke Energy
- 9.4.8.1. Participant's overview
- 9.4.8.2. Financial performance
- 9.4.8.3. Product benchmarking
- 9.4.8.4. Strategic initiatives
- 9.4.9. Cummins Inc.
- 9.4.9.1. Participant's overview
- 9.4.9.2. Financial performance
- 9.4.9.3. Product benchmarking
- 9.4.9.4. Strategic initiatives
- 9.4.10. Capstone Green Energy Holdings
- 9.4.10.1. Participant's overview
- 9.4.10.2. Financial performance
- 9.4.10.3. Product benchmarking
- 9.4.10.4. Strategic initiatives
- 9.4.11. Caterpillar
- 9.4.11.1. Participant's overview
- 9.4.11.2. Financial performance
- 9.4.11.3. Product benchmarking
- 9.4.11.4. Strategic initiatives
- 9.4.12. Elite Energy & Engineering LTD
- 9.4.12.1. Participant's overview
- 9.4.12.2. Financial performance
- 9.4.12.3. Product benchmarking
- 9.4.12.4. Strategic initiatives
- 9.4.13. Doosan Fuel Cell Co., Ltd
- 9.4.13.1. Participant's overview
- 9.4.13.2. Financial performance
- 9.4.13.3. Product benchmarking
- 9.4.13.4. Strategic initiatives
- 9.4.14. Tecogen Inc.
- 9.4.14.1. Participant's overview
- 9.4.14.2. Financial performance
- 9.4.14.3. Product benchmarking
- 9.4.14.4. Strategic initiatives
- 9.4.15. Wartsila
- 9.4.15.1. Participant's overview
- 9.4.15.2. Financial performance
- 9.4.15.3. Product benchmarking
- 9.4.15.4. Strategic initiatives