The Need to Decarbonize the Grid and Obtain Sufficient Thermal Energy Drive CHP Solutions
As governments prioritize climate change mitigation, the cogeneration of heat and power emerges as an essential enabling factor for energy efficiency. Factors driving cogeneration adoption are energy efficiency requisites, energy conservation efforts, rising energy prices, the demand for clean energy generation, and grid resilience and ability to complement variable renewables. Political willingness, favorable government initiatives, and the move toward carbon neutrality also encourage adoption. However, geopolitical chaos, such as the Russo-Ukrainian War, disrupts and limits gas supplies, causing a slowdown in gas-led CHP installations.
Trends expected to play a significant role in the combined heat and power (CHP) market are fuel diversification, including hydrogen and renewable fuel-based systems, to transition to net-zero-carbon systems; hybridization; and greater installation of high-efficiency systems to replace traditional systems.
In this report, the publisher analyzes the CHP market by:
- Region: North America, Europe, Asia-Pacific (APAC, including China), South America, and the Middle East and Africa (MEA)
- Prime mover: Gas engine, gas turbine [including combined cycle gas turbines (CCGT)], others (including steam turbine and fuel cells)
- Application: Residential, commercial and institutional (C&I), industrial, and utility
- Annual installed base (by prime mover, region, and application) and revenue (by region)
The study period is 2020-2030 and the forecast period is 2022-2030, with 2022 as the base year. Other information includes growth drivers and restraints and the market share of prominent participants in gas engines, gas turbines, and steam turbines. The publisher provides an in-depth look into the CHP market to enable stakeholders to capitalize on opportunities over the next eight years.
Table of Contents
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Global CHP Market
- Growth Opportunities Fuel the Growth Pipeline Engine™
2. Growth Opportunity Analysis
- Findings
- The Cogeneration Principle
- The CHP Market’s Future Dimensions - Outlook for the New CHP Era
- Scope of Analysis
- Segmentation by Prime Mover
- Competitors
- Growth Metrics
- Distribution Channel Analysis
- Growth Drivers
- Growth Restraints
- Forecast Assumptions
- Revenue and Annual Installed Capacity Forecast
- Revenue Forecast by Region
- Annual Installed Capacity Forecast by Region
- Annual Installed Capacity Forecast by Prime Mover
- Annual Installed Capacity Forecast by Application
- Revenue and Annual Installed Capacity Forecast Analysis
- Revenue Forecast Analysis by Region
- Competitive Environment
- Market Share of Gas Engines
- Market Share of Gas Turbines
- Market Share of Steam Turbines
- Market Share Analysis
3. Growth Opportunity Analysis - North America
- Growth Metrics
- Revenue and Annual Installed Capacity Forecast
- Annual Installed Capacity Forecast by Prime Mover
- Annual Installed Capacity Forecast by Application
- Revenue and Annual Installed Capacity Forecast Analysis
4. Growth Opportunity Analysis - Europe
- Growth Metrics
- Revenue and Annual Installed Capacity Forecast
- Annual Installed Capacity Forecast by Prime Mover
- Annual Installed Capacity Forecast by Application
- Revenue and Annual Installed Capacity Forecast Analysis
5. Growth Opportunity Analysis - Asia-Pacific
- Growth Metrics
- Revenue and Annual Installed Capacity Forecast
- Annual Installed Capacity Forecast by Prime Mover
- Annual Installed Capacity Forecast by Application
- Revenue and Annual Installed Capacity Forecast Analysis
6. Growth Opportunity Analysis - The Middle East and Africa
- Growth Metrics
- Revenue and Annual Installed Capacity Forecast
- Annual Installed Capacity Forecast by Prime Mover
- Annual Installed Capacity Forecast by Application
- Revenue and Annual Installed Capacity Forecast Analysis
7. Growth Opportunity Analysis - South America
- Growth Metrics
- Revenue and Annual Installed Capacity Forecast
- Annual Installed Capacity Forecast by Prime Mover
- Annual Installed Capacity Forecast by Application
- Revenue and Annual Installed Capacity Forecast Analysis
8. Growth Opportunity Universe
- Growth Opportunity 1: Flexible Business Models and Solutions-as-a-Service to Enable Actionable Intelligence
- Growth Opportunity 2: Microgeneration Growth Will Render Macro Possibilities for CHP Installations
- Growth Opportunity 3: Virtual Power Plants (VPPs) and Ability to Access Additional Grid Revenue
- Growth Opportunity 4: Widespread Servicing Network
9. Next Steps
- Your Next Steps
- List of Exhibits
- Legal Disclaimer
