![Combined Heat And Power Market](/assets/img/reports/cover/Combined-Heat-and-Power-Market.jpeg)
Combined Heat And Power Market
Combined Heat And Power Market Global Industry Assessment & Forecast
Segments Covered
By Fuel Natural Gas, Coal, Biomass
By End Use Residential, Commercial, Industrial
By Capacity 1 kW – 0.5 MW, 0.5MW - 5MW, Above 5 MW
By Combined Cycle, Steam Turbine, Gas Turbine, Reciprocating Engine
Snapshot
![]() |
2021 - 2028 |
![]() |
2016 - 2020 |
![]() |
36.63 Billion |
![]() |
62.42 Billion |
![]() |
6.89 |
![]() |
Asia Pacific |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
FAQ
Frequently Asked Question
What is the global demand for Combined Heat And Power in terms of revenue?
-
The global Combined Heat And Power valued at 36.63 Billion in 2020 and is expected to reach 62.42 Billion in 2028 growing at a CAGR of 6.89%.
Which are the prominent players in the market?
-
The prominent players in the market are Alfa Laval, SourceOne, Foley (CAT), SIEMENS, Yanmar, Macallister Power (CAT), GE, Wolf GmbH, Liebherr, Clarke Energy..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.89% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Combined Heat And Power include
- Combined Heat and Power (CHP) is a great avenue to achieve energy efficiency, reduce emissions, and promote resiliency. It’s no secret that utility rates, including electric rates, are increasing. As electric rates continue to rise, businesses naturally look for ways to reduce their energy costs. These factors are driving the market growth.
- Furthermore, the increasing government programs and incentives to promote CHP and rise in use of natural gas for power generationare also expected to drive the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Combined Heat And Power in 2020.