Combined Heat and Power Market - Global Forecast To 2030
商品番号 : SMB-8470
| 出版社 | MarketsandMarkets |
| 出版年月 | 2025年8月 |
| ページ数 | 351 |
| 図表数 | 481 |
| 価格タイプ | シングルユーザライセンス |
| 価格 | USD 4,950 |
| 種別 | 英文調査報告書 |
本レポートは、世界の熱電併給市場を、容量、原動機、燃料、エンドユーザー、地域別に定義、説明、予測しています。また、市場の詳細な定性・定量分析も提供しています。主要な市場推進要因、制約要因、機会、課題を包括的に分析しています。さらに、市場の様々な重要な側面を網羅しています。これには、競争環境の分析、市場ダイナミクス、市場価値の推定、そして熱電併給市場の将来動向が含まれます。
世界の熱電併給市場は、2025年の320.2億米ドルから2030年には414.8億米ドルに拡大し、予測期間中に年平均成長率（CAGR）5.3%で成長すると予測されています。この市場は、効率的で持続可能なエネルギーシステムへの需要の高まり、分散型発電への投資の増加、そしてコージェネレーション技術の活用を支援する政府の好ましい政策によって推進されています。さらに、天然ガスを動力源とするコージェネレーションシステムと再生可能エネルギー源の革新により、産業、商業、住宅環境におけるコージェネレーションソリューションのセクター全体への導入が加速しています。
The global combined heat and power market is estimated to grow from USD 32.02 billion in 2025 to USD 41.48 billion by 2030, at a CAGR of 5.3% during the forecast period. The market is propelled by the rising demand for efficient and sustainable energy systems, mounting investments in distributed generating power, and favorable government policies that support the usage of cogeneration technologies. Moreover, innovations in natural gas-driven CHP systems and renewable energy sources are promoting faster sector-wide migration of CHP solutions across industrial, commercial, and residential environments.
Industrial segment to be largest end user in combined heat and power market during forecast period”
The industrial sector is the largest end user of the combined heat and power market. This is due to the growing energy-saving needs, more attention to process heating, and adherence to sustainable production. The industrial sector is making substantial investments in innovation with regard to energy technologies. Moreover, this sector is witnessing favorable government policies that promote the use of clean energy. The increased adoption of CHP systems by large manufacturing and processing firms to ensure consistent power supply, lower operating expenses, and attain environmental sustainability objectives is driving the demand in the industrial sector.
“Europe estimated to be second-largest market during forecast period”
Europe is estimated to be the second-largest market for combined heat and power due to the considerable presence of industrial energy solutions and integration of renewable energy. The region already has a strong utilities sector and has witnessed extensive investment in energy-efficient technology. The region is also characterized by favorable government policy regarding clean energy and electrification. The major utility and manufacturing firms in countries like Germany and the UK are increasingly adopting CHP systems to increase reliability and sustainability.
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information and assess future market prospects. The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, and Tier 3 – 11%
- By Designation: C-level Executives – 30%, Directors – 25%, and Others – 45%
- By Region: North America – 20%, Europe – 30%, Asia Pacific – 40%, Middle East & Africa – 12%, and South America – 8%
Notes: The tiers of the companies are defined based on their total revenues as of 2024. Tier 1: > USD 1 billion, Tier 2: USD 500 million to USD 1 billion, and Tier 3: < USD 500 million.
Other designations include sales managers, engineers, and regional managers.
Siemens, Wärtsilä, GE Vernova, Veolia, and MITSUBISHI HEAVY INDUSTRIES, LTD. are some of the major players in the combined heat and power market. The study includes an in-depth competitive analysis of these key players, including their company profiles, recent developments, and key market strategies.
Research Coverage:
The report defines, describes, and forecasts the global combined heat and power market by capacity, prime mover, fuel, end user, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report comprehensively reviews the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates in terms of value, and future trends in the combined heat and power market.
Key Benefits of Buying the Report
- It provides an analysis of key drivers (Rise of natural gas for power generation), restraints (Rising concerns over stable natural gas supply for CHP systems), opportunities (Surging replacement and upgrade of aged power generation equipment), and challenges (High damage to prime movers from impurities generated from biogas fuel) influencing the growth of the combined heat and power market.
- Market Development: In February 2021, Caterpillar introduced the MWM online condition monitoring system called the MWM Remote Asset Monitoring (RAM). This offers push notifications in the case of alerts, warnings, or malfunctions, and assists in optimizing workflows as well as coordinating support processes more systematically. It provides reports about the power, operating hours, and current & historical performances.
- Product Innovation/Development: The market for combined heat and power (CHP) systems has seen substantial product innovation, with particularly strong results in IoT-enabled diagnostics and predictive maintenance capability of the most developed systems. These innovations are aimed at increasing energy efficiency, decreasing the working time of the system, and avoiding operational failures in diverse end-use applications such as industrial complexes, commercial premises, and electricity grids.
- Market Diversification: In August 2021, Capstone Green Energy expanded its operations in the UK by completing the grid interconnect expansion at the UK Integrated Remanufacturing Facility. This facility would build and test Capstone’s C200 engines. It serves the sustainable energy needs of the EMEA (Europe, Middle East & Africa) region.
- Competitive Assessment: It provides an in-depth assessment of market shares, growth strategies, and service offerings of leading players in the combined heat and power market, such as GE Vernova (US), Siemens Energy (Germany), Wärtsilä (Finland), Veolia (France), MITSUBISHI HEAVY INDUSTRIES, LTD. (Japan).
Table of Contents
1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 MARKET DEFINITION 32
1.3 STUDY SCOPE 33
1.3.1 MARKETS COVERED AND REGIONAL SCOPE 33
1.3.2 INCLUSIONS AND EXCLUSIONS 34
1.3.3 YEARS CONSIDERED 36
1.4 UNIT CONSIDERED 36
1.5 CURRENCY CONSIDERED 36
1.6 LIMITATIONS 36
1.7 STAKEHOLDERS 37
1.8 SUMMARY OF CHANGES 37
2 RESEARCH METHODOLOGY 38
2.1 RESEARCH DATA 38
2.1.1 SECONDARY DATA 39
2.1.1.1 Key data from secondary sources 40
2.1.1.2 List of major secondary sources 40
2.1.2 PRIMARY DATA 40
2.1.2.1 List of key primary interview participants 41
2.1.2.2 Key data from primary sources 41
2.1.2.3 Key industry insights 41
2.1.2.4 Breakdown of primaries 42
2.2 DATA TRIANGULATION 43
2.3 MARKET SCOPE 44
2.4 MARKET SIZE ESTIMATION 45
2.4.1 BOTTOM-UP APPROACH 45
2.4.2 TOP-DOWN APPROACH 46
2.4.3 DEMAND-SIDE ANALYSIS 47
2.4.3.1 Regional analysis (demand side) 47
2.4.3.2 Country-level analysis (demand side) 48
2.4.3.3 Demand-side calculations 48
2.4.3.4 Demand-side assumptions 48
2.4.4 SUPPLY-SIDE ANALYSIS 49
2.4.4.1 Supply-side calculations 50
2.4.4.2 Supply-side assumptions 50
2.4.5 GROWTH FORECAST ASSUMPTIONS 50
2.5 RISK ASSESSMENT 50
2.6 RESEARCH ASSUMPTIONS 51
2.7 RESEARCH LIMITATIONS 51
3 EXECUTIVE SUMMARY 52
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN COMBINED HEAT AND POWER MARKET 57
4.2 COMBINED HEAT AND POWER MARKET, BY REGION 58
4.3 COMBINED HEAT AND POWER MARKET IN ASIA PACIFIC, BY END USER AND COUNTRY 59
4.4 COMBINED HEAT AND POWER MARKET, BY CAPACITY 60
4.5 COMBINED HEAT AND POWER MARKET, BY PRIME MOVER 60
4.6 COMBINED HEAT AND POWER MARKET, BY FUEL 61
4.7 COMBINED HEAT AND POWER MARKET, BY END USER 61
5 MARKET OVERVIEW 62
5.1 INTRODUCTION 62
5.2 MARKET DYNAMICS 63
5.2.1 DRIVERS 64
5.2.1.1 Favorable government programs and incentives 64
5.2.1.2 Rise in use of natural gas for power generation 65
5.2.1.3 Improved cost-efficiency in wastewater treatment facilities 66
5.2.2 RESTRAINTS 67
5.2.2.1 High installation and maintenance costs 67
5.2.2.2 Dominance of hydroelectric energy 67
5.2.2.3 Rising concerns over stable natural gas supply 67
5.2.3 OPPORTUNITIES 68
5.2.3.1 Increasing deployment of micro-CHP systems 68
5.2.3.2 Pressing need to replace and upgrade aged power generation equipment 69
5.2.3.3 Rising trend of distributed power generation 69
5.2.4 CHALLENGES 70
5.2.4.1 Damaged prime movers due to high contamination from biogas fuel 70
5.2.4.2 Challenges posed by utilities for sale of excess electricity 71
5.2.4.3 Stability issues arising from decentralization of energy generation 71
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 72
5.4 PRICING ANALYSIS 72
5.4.1 AVERAGE INSTALLATION COST TREND OF SMALL-CAPACITY COMBINED HEAT AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 72
5.4.2 AVERAGE INSTALLATION COST TREND OF LARGE-CAPACITY COMBINED HEAT AND POWER SYSTEMS, BY PRIME MOVER 74
5.4.3 AVERAGE INSTALLATION COST TREND OF COMBINED HEAT AND POWER SYSTEMS, BY REGION 74
5.5 VALUE CHAIN ANALYSIS 75
5.5.1 RAW MATERIAL PROVIDERS/COMPONENT MANUFACTURERS/SUPPLIERS 76
5.5.2 COMBINED HEAT AND POWER SYSTEM MANUFACTURERS/ASSEMBLERS 76
5.5.3 DISTRIBUTORS/RESELLERS 76
5.5.4 END USERS 76
5.5.5 MAINTENANCE/SERVICE PROVIDERS 76
5.6 ECOSYSTEM ANALYSIS 77
5.7 TECHNOLOGY ANALYSIS 78
5.7.1 KEY TECHNOLOGIES 78
5.7.1.1 Hybrid storage system with lithium-ion and redox flow battery 78
5.7.2 ADJACENT TECHNOLOGIES 79
5.7.2.1 Advanced control and monitoring systems 79
5.8 REGULATORY LANDSCAPE 79
5.9 PATENT ANALYSIS 81
5.10 TRADE ANALYSIS 86
5.10.1 HS CODE 8406 86
5.10.1.1 Export data (HS code 8406) 86
5.10.1.2 Import data (HS code 8406) 88
5.10.2 HS CODE 841182 89
5.10.2.1 Export data (HS code 841182) 89
5.10.2.2 Import data (HS code 841182) 91
5.11 KEY CONFERENCES AND EVENTS, 2025–2026 93
5.12 TARIFF ANALYSIS 94
5.12.1 TARIFF RELATED TO COMBINED HEAT AND POWER MARKET 94
5.13 PORTER’S FIVE FORCES ANALYSIS 96
5.13.1 THREAT OF SUBSTITUTES 97
5.13.2 BARGAINING POWER OF SUPPLIERS 97
5.13.3 BARGAINING POWER OF BUYERS 97
5.13.4 THREAT OF NEW ENTRANTS 98
5.13.5 INTENSITY OF COMPETITIVE RIVALRY 98
5.14 CASE STUDY ANALYSIS 98
5.14.1 SIEMENS ENERGY USES CHP SOLUTIONS TO HELP INDUSTRIAL USERS BOOST OPERATIONAL SECURITY AND REDUCE ENERGY COSTS 98
5.14.2 TATA CHEMICALS DEPLOYS NEW CHP SYSTEM TO REDUCE CARBON EMISSIONS AND INCREASE SODIUM BICARBONATE PRODUCTION 99
5.14.3 NHS INSTALLS VEOLIA’S CHP-BASED SYSTEM TO ACHIEVE CARBON REDUCTION TARGETS 99
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 100
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 100
5.15.2 BUYING CRITERIA 101
5.16 IMPACT OF GENERATIVE AI/AI ON COMBINED HEAT AND POWER MARKET 101
5.16.1 USE CASES OF GENERATIVE AI/AI IN COMBINED HEAT AND POWER MARKET 102
5.16.2 IMPACT OF GENERATIVE AI/AI ON KEY END USERS, BY REGION 102
5.17 IMPACT OF 2025 US TARIFF ON COMBINED HEAT AND POWER MARKET 103
5.17.1 INTRODUCTION 103
5.17.2 KEY TARIFF RATES 104
5.17.3 IMPACT ON COUNTRY/REGION 106
5.17.3.1 North America 106
5.17.3.2 Europe 106
5.17.3.3 Asia Pacific 106
5.17.3.4 Middle East & Africa 106
5.17.3.5 South America 106
5.17.4 IMPACT ON END USERS 107
6 COMBINED HEAT AND POWER MARKET, BY CAPACITY 108
6.1 INTRODUCTION 109
6.2 UP TO 10 MW 110
6.2.1 SHIFT TOWARD NATURAL GAS AND RENEWABLE FUEL SOURCES TO BOOST DEMAND 110
6.3 11–150 MW 111
6.3.1 HIGH DEMAND FROM ENERGY-INTENSIVE INDUSTRIES TO FOSTER SEGMENTAL GROWTH 111
6.4 151–300 MW 113
6.4.1 INCREASING GENERATION OF NATURAL GAS-FIRED POWER TO DRIVE MARKET 113
6.5 ABOVE 300 MW 114
6.5.1 GROWING APPLICATIONS IN ALUMINUM SMELTING AND CEMENT PRODUCTION TO BOOST DEMAND 114
7 COMBINED HEAT AND POWER MARKET, BY END USER 115
7.1 INTRODUCTION 116
7.2 RESIDENTIAL 117
7.2.1 EMPHASIS ON DECENTRALIZED, RELIABLE, AND EFFICIENT ENERGY SOLUTIONS TO DRIVE MARKET 117
7.3 COMMERCIAL 118
7.3.1 RISING EMPHASIS ON ACHIEVING SUSTAINABILITY TARGETS AND REDUCING CARBON FOOTPRINT TO SUPPORT MARKET GROWTH 118
7.4 INDUSTRIAL 120
7.4.1 GROWING ENERGY-INTENSIVE MANUFACTURING TO BOOST DEMAND 120
7.5 UTILITIES 121
7.5.1 PRESENCE OF STRINGENT ENERGY EFFICIENCY REGULATIONS TO FUEL MARKET GROWTH 121
8 COMBINED HEAT AND POWER MARKET, BY FUEL 123
8.1 INTRODUCTION 124
8.2 COAL 125
8.2.1 RISING NUMBER OF COAL-FIRED POWER PLANTS TO FOSTER MARKET GROWTH 125
8.3 NATURAL GAS 126
8.3.1 FAVORABLE LNG PRICES TO DRIVE MARKET 126
8.4 BIOGAS/BIOMASS 127
8.4.1 PRESENCE OF SUPPORTIVE POLICIES AND RURAL ELECTRIFICATION PROGRAMS TO OFFER LUCRATIVE GROWTH OPPORTUNITIES 127
8.5 NUCLEAR 129
8.5.1 RISING APPLICATIONS IN LARGE URBAN CENTERS AND INDUSTRIAL PARKS TO FOSTER MARKET GROWTH 129
8.6 DIESEL 130
8.6.1 RISING NEED FOR RELIABLE AUXILIARY POWER TO BOOST DEMAND 130
8.7 OTHER FUELS 131
9 COMBINED HEAT AND POWER MARKET, BY PRIME MOVER 133
9.1 INTRODUCTION 134
9.2 GAS TURBINE 135
9.2.1 REDUCED NOX EMISSIONS TO FUEL MARKET GROWTH 135
9.3 STEAM TURBINE 136
9.3.1 REDUCED CARBON INTENSITY IN COAL-FIRED AND GEOTHERMAL PLANTS TO DRIVE MARKET 136
9.4 RECIPROCATING ENGINE 137
9.4.1 GROWING DEMAND IN AGRICULTURAL SECTOR TO BOOST DEMAND 137
9.5 FUEL CELL 138
9.5.1 DEVELOPMENT OF HIGH-TEMPERATURE PROTON EXCHANGE MEMBRANE SYSTEMS TO DRIVE MARKET 138
9.6 MICROTURBINE 139
9.6.1 SEAMLESS INTEGRATION WITH RENEWABLE ENERGY SOURCES TO BOOST DEMAND 139
9.7 OTHER PRIME MOVERS 140
10 COMBINED HEAT AND POWER MARKET, BY REGION 142
10.1 INTRODUCTION 143
10.2 NORTH AMERICA 145
10.2.1 US 149
10.2.1.1 Growing demand for energy efficiency in industries to foster market growth 149
10.2.2 CANADA 152
10.2.2.1 Expansion of combined cycle natural gas-fired power plants to boost demand 152
10.2.3 MEXICO 155
10.2.3.1 Governmental push for clean electricity production to fuel market growth 155
10.3 EUROPE 158
10.3.1 GERMANY 163
10.3.1.1 Growing emphasis on generating electricity from renewable sources to drive market 163
10.3.2 UK 166
10.3.2.1 Increasing need for flexible power generation to foster market growth 166
10.3.3 FRANCE 169
10.3.3.1 Rising emphasis on reducing dependence on nuclear power for electricity generation to drive market 169
10.3.4 ITALY 172
10.3.4.1 Government efforts to incentivize renewable energy projects to drive market 172
10.3.5 RUSSIA 175
10.3.5.1 Increasing trend of decentralized power generation to support market growth 175
10.3.6 REST OF EUROPE 178
10.4 ASIA PACIFIC 181
10.4.1 CHINA 186
10.4.1.1 Rapid industrialization and infrastructure development to support market growth 186
10.4.2 JAPAN 189
10.4.2.1 Rising shift toward gas-based energy generation from nuclear energy to fuel market growth 189
10.4.3 SOUTH KOREA 192
10.4.3.1 Growing emphasis on reducing methane emissions to foster market growth 192
10.4.4 AUSTRALIA 195
10.4.4.1 Enhanced grid infrastructure and energy-efficient solutions to accelerate market growth 195
10.4.5 INDIA 198
10.4.5.1 Government-led initiatives to boost natural gas share in energy mix to foster market growth 198
10.4.6 REST OF ASIA PACIFIC 201
10.5 MIDDLE EAST & AFRICA 204
10.5.1 GCC 208
10.5.1.1 Saudi Arabia 211
10.5.1.1.1 Rising emphasis on reducing consumption of petroleum liquids in electricity generation to boost demand 211
10.5.1.2 UAE 214
10.5.1.2.1 Increasing share of renewables in electricity generation mix to propel market growth 214
10.5.1.3 Rest of GCC 217
10.5.2 SOUTH AFRICA 220
10.5.2.1 Ongoing expansion of renewable energy to fuel market growth 220
10.5.3 TURKEY 223
10.5.3.1 Growing emphasis on boosting wind and solar capacity to support market growth 223
10.5.4 NIGERIA 226
10.5.4.1 Private sector investments in off-grid and hybrid solutions to boost demand 226
10.5.5 ALGERIA 229
10.5.5.1 Abundance of gas resources to boost demand 229
10.5.6 REST OF MIDDLE EAST & AFRICA 232
10.6 SOUTH AMERICA 235
10.6.1 BRAZIL 239
10.6.1.1 Growing emphasis on increasing power generation from renewables to drive market 239
10.6.2 ARGENTINA 242
10.6.2.1 Increasing FDIs in energy sector to foster market growth 242
10.6.3 REST OF SOUTH AMERICA 245
11 COMPETITIVE LANDSCAPE 249
11.1 OVERVIEW 249
11.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2017–2025 249
11.3 MARKET SHARE ANALYSIS, 2023 251
11.4 REVENUE ANALYSIS, 2020–2024 253
11.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024 254
11.5.1 STARS 254
11.5.2 PERVASIVE PLAYERS 254
11.5.3 EMERGING LEADERS 254
11.5.4 PARTICIPANTS 254
11.6 COMPANY FOOTPRINT: KEY PLAYERS, 2024 256
11.6.1 COMPANY FOOTPRINT 256
11.6.1.1 Capacity footprint 257
11.6.1.2 Prime mover footprint 258
11.6.1.3 Fuel footprint 259
11.6.1.4 Company end user footprint 260
11.6.1.5 Company region footprint 261
11.7 COMPETITIVE SCENARIO 262
11.7.1 PRODUCT LAUNCHES/DEVELOPMENTS 262
11.7.2 DEALS 263
11.7.3 EXPANSIONS 266
11.7.4 OTHER DEVELOPMENTS 266
12 COMPANY PROFILES 275
12.1 KEY PLAYERS 275
12.1.1 GE VERNOVA 275
12.1.1.1 Business overview 275
12.1.1.2 Products/Services/Solutions offered 276
12.1.1.3 Recent developments 277
12.1.1.3.1 Developments 277
12.1.1.4 MnM view 277
12.1.1.4.1 Key strategies/Right to win 277
12.1.1.4.2 Strategic choices 278
12.1.1.4.3 Weaknesses/Competitive threats 278
12.1.2 SIEMENS ENERGY 279
12.1.2.1 Business overview 279
12.1.2.2 Products/Services/Solutions offered 280
12.1.2.3 Recent developments 282
12.1.2.3.1 Deals 282
12.1.2.3.2 Other developments 282
12.1.2.4 MnM view 283
12.1.2.4.1 Key strategies/Right to win 283
12.1.2.4.2 Strategic choices 283
12.1.2.4.3 Weaknesses/Competitive threats 283
12.1.3 WÄRTSILÄ 284
12.1.3.1 Business overview 284
12.1.3.2 Products/Services/Solutions offered 285
12.1.3.3 Recent developments 286
12.1.3.3.1 Deals 286
12.1.3.3.2 Other developments 286
12.1.3.4 MnM view 287
12.1.3.4.1 Key strategies/Right to win 287
12.1.3.4.2 Strategic choices 287
12.1.3.4.3 Weaknesses/Competitive threats 287
12.1.4 2G ENERGY INC. 288
12.1.4.1 Business overview 288
12.1.4.2 Products/Services/Solutions offered 289
12.1.4.3 Recent developments 290
12.1.4.3.1 Product launches/Developments 290
12.1.4.3.2 Deals 291
12.1.4.3.3 Other developments 291
12.1.5 MITSUBISHI HEAVY INDUSTRIES, LTD. 292
12.1.5.1 Business overview 292
12.1.5.2 Products/Services/Solutions offered 293
12.1.5.3 Recent developments 294
12.1.5.3.1 Deals 294
12.1.5.3.2 Other developments 294
12.1.5.3.3 Expansions 295
12.1.5.4 MnM view 296
12.1.5.4.1 Key strategies/Right to win 296
12.1.5.4.2 Strategic choices 296
12.1.5.4.3 Weaknesses/Competitive threats 296
12.1.6 CLARKE ENERGY 297
12.1.6.1 Business overview 297
12.1.6.2 Products/Services/Solutions offered 297
12.1.6.3 Recent developments 298
12.1.6.3.1 Product launches/Developments 298
12.1.6.3.2 Other developments 298
12.1.7 CATERPILLAR 299
12.1.7.1 Business overview 299
12.1.7.2 Products/Services/Solutions offered 300
12.1.7.3 Recent developments 301
12.1.7.3.1 Product launches/Developments 301
12.1.7.3.2 Other developments 301
12.1.8 E. ON SE 304
12.1.8.1 Business overview 304
12.1.8.2 Products/Services/Solutions offered 305
12.1.8.3 Recent developments 306
12.1.8.3.1 Product launches/Developments 306
12.1.8.3.2 Deals 306
12.1.8.3.3 Other developments 307
12.1.9 VEOLIA 308
12.1.9.1 Business overview 308
12.1.9.2 Products/Services/Solutions offered 309
12.1.9.3 Recent developments 310
12.1.9.3.1 Deals 310
12.1.9.3.2 Other developments 310
12.1.9.4 MnM view 311
12.1.9.4.1 Key strategies/Right to win 311
12.1.9.4.2 Strategic choices 311
12.1.9.4.3 Weaknesses/Competitive threats 311
12.1.10 ROBERT BOSCH GMBH 312
12.1.10.1 Business overview 312
12.1.10.2 Products/Services/Solutions offered 313
12.1.10.3 Recent developments 314
12.1.10.3.1 Deals 314
12.1.10.3.2 Other developments 314
12.1.11 EVERLLENCE 315
12.1.11.1 Business overview 315
12.1.11.2 Products/Services/Solutions offered 316
12.1.11.3 Recent developments 316
12.1.11.3.1 Expansions 316
12.1.11.3.2 Other developments 317
12.1.12 AB HOLDING SPA 318
12.1.12.1 Business overview 318
12.1.12.2 Products/Services/Solutions offered 318
12.1.12.3 Recent developments 319
12.1.12.3.1 Other developments 319
12.1.13 FUELCELL ENERGY, INC. 320
12.1.13.1 Business overview 320
12.1.13.2 Products/Services/Solutions offered 321
12.1.13.3 Recent developments 322
12.1.13.3.1 Product launches/Developments 322
12.1.14 CAPSTONE GREEN ENERGY HOLDINGS, INC. 323
12.1.14.1 Business overview 323
12.1.14.2 Products/Services/Solutions offered 324
12.1.14.3 Recent developments 325
12.1.14.3.1 Deals 325
12.1.14.3.2 Other developments 325
12.1.15 CUMMINS INC. 328
12.1.15.1 Business overview 328
12.1.15.2 Products/Services/Solutions offered 329
12.1.15.3 Recent developments 330
12.1.15.3.1 Developments 330
12.2 OTHER PLAYERS 331
12.2.1 CENTRICA 331
12.2.2 TECOGEN, INC. 332
12.2.3 BDR THERMEA GROUP 333
12.2.4 VIESSMANN GROUP 334
12.2.5 JENBACHER 335
12.2.6 CLEARCELL POWER 336
12.2.7 KRAFT POWER 337
12.2.8 ENEXOR ENERGY LLC 338
12.2.9 RESET 339
12.2.10 HELEC 340
13 APPENDIX 341
13.1 INSIGHTS FROM INDUSTRY EXPERTS 341
13.2 DISCUSSION GUIDE 342
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 347
13.4 CUSTOMIZATION OPTIONS 349
13.5 RELATED REPORTS 349
13.6 AUTHOR DETAILS 350
LIST OF TABLES
TABLE 1 BY END USER 34
TABLE 2 BY PRIME MOVER 34
TABLE 3 BY CAPACITY 34
TABLE 4 BY FUEL 35
TABLE 5 BY REGION 35
TABLE 6 COMBINED HEAT AND POWER MARKET SNAPSHOT 53
TABLE 7 MICRO COMBINED HEAT AND POWER INSTALLATIONS, 2021 69
TABLE 8 COMBINED HEAT AND POWER PRIME MOVER TOLERANCE TO BIOGAS CONTAMINANTS 70
TABLE 9 AVERAGE INSTALLATION COST TREND OF SMALL-CAPACITY COMBINED HEAT
AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 (USD/KW) 72
TABLE 10 AVERAGE INSTALLATION COST TREND OF MEDIUM-CAPACITY COMBINED HEAT AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 (USD/KW) 73
TABLE 11 AVERAGE INSTALLATION COST TREND OF LARGE-CAPACITY COMBINED HEAT
AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 (USD/KW) 74
TABLE 12 AVERAGE INSTALLATION COST OF COMBINED HEAT AND POWER SYSTEMS,
BY REGION, 2021–2024 (USD/KW) 74
TABLE 13 ROLE OF COMPANIES IN COMBINED HEAT AND POWER ECOSYSTEM 77
TABLE 14 COMBINED HEAT AND POWER MARKET: REGULATIONS 79
TABLE 15 LIST OF MAJOR PATENTS PERTAINING TO COMBINED HEAT AND POWER,
2015–2024 82
TABLE 16 EXPORT DATA FOR HS CODE 8406-COMPLIANT PRODUCTS, BY COUNTRY,
2022–2024 (USD THOUSAND) 87
TABLE 17 IMPORT DATA FOR HS CODE 8406-COMPLIANT PRODUCTS, BY COUNTRY,
2022–2024 (USD THOUSAND) 88
TABLE 18 EXPORT DATA FOR HS CODE 841182-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 90
TABLE 19 IMPORT DATA FOR HS CODE 841182-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 91
TABLE 20 COMBINED HEAT AND POWER MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026 93
TABLE 21 IMPORT TARIFF FOR HS CODE 841182-COMPLIANT PRODUCTS, 2024 94
TABLE 22 IMPORT TARIFF FOR HS CODE 8406-COMPLIANT PRODUCTS, 2024 95
TABLE 23 IMPACT OF PORTER’S FIVE FORCES ON COMBINED HEAT AND POWER MARKET 96
TABLE 24 INFLUENCE OF END USERS ON BUYING PROCESS 100
TABLE 25 KEY BUYING CRITERIA FOR END USERS 101
TABLE 26 US-ADJUSTED RECIPROCAL TARIFF RATES, 2024 (USD BILLION) 104
TABLE 27 EXPECTED CHANGE IN PRICES AND POTENTIAL IMPACT ON END USERS DUE TO TARIFF IMPACT 105
TABLE 28 COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2024 (USD MILLION) 110
TABLE 29 COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2025–2030 (USD MILLION) 110
TABLE 30 UP TO 10 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2019–2024 (USD MILLION) 111
TABLE 31 UP TO 10 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2025–2030 (USD MILLION) 111
TABLE 32 11–150 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2019–2024 (USD MILLION) 112
TABLE 33 11–150 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2025–2030 (USD MILLION) 112
TABLE 34 151–300 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2019–2024 (USD MILLION) 113
TABLE 35 151–300 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2025–2030 (USD MILLION) 113
TABLE 36 ABOVE 300 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2019–2024 (USD MILLION) 114
TABLE 37 ABOVE 300 MW: COMBINED HEAT AND POWER MARKET, BY REGION,
2025–2030 (USD MILLION) 114
TABLE 38 COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 116
TABLE 39 COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 117
TABLE 40 COMBINED HEAT AND POWER MARKET FOR RESIDENTIAL,
BY REGION, 2019–2024 (USD MILLION) 118
TABLE 41 COMBINED HEAT AND POWER MARKET FOR RESIDENTIAL,
BY REGION, 2025–2030 (USD MILLION) 118
TABLE 42 COMBINED HEAT AND POWER MARKET FOR COMMERCIAL,
BY REGION, 2019–2024 (USD MILLION) 119
TABLE 43 COMBINED HEAT AND POWER MARKET FOR COMMERCIAL,
BY REGION, 2025–2030 (USD MILLION) 119
TABLE 44 COMBINED HEAT AND POWER MARKET FOR INDUSTRIAL, BY REGION,
2019–2024 (USD MILLION) 120
TABLE 45 COMBINED HEAT AND POWER MARKET FOR INDUSTRIAL, BY REGION,
2025–2030 (USD MILLION) 121
TABLE 46 COMBINED HEAT AND POWER MARKET FOR UTILITIES, BY REGION,
2019–2024 (USD MILLION) 122
TABLE 47 COMBINED HEAT AND POWER MARKET FOR UTILITIES, BY REGION,
2025–2030 (USD MILLION) 122
TABLE 48 COMBINED HEAT AND POWER MARKET, BY FUEL, 2019–2024 (USD MILLION) 124
TABLE 49 COMBINED HEAT AND POWER MARKET, BY FUEL, 2025–2030 (USD MILLION) 125
TABLE 50 COMBINED HEAT AND POWER MARKET FOR COAL, BY REGION,
2019–2024 (USD MILLION) 126
TABLE 51 COMBINED HEAT AND POWER MARKET FOR COAL, BY REGION,
2025–2030 (USD MILLION) 126
TABLE 52 COMBINED HEAT AND POWER MARKET FOR NATURAL GAS, BY REGION,
2019–2024 (USD MILLION) 127
TABLE 53 COMBINED HEAT AND POWER MARKET FOR NATURAL GAS, BY REGION,
2025–2030 (USD MILLION) 127
TABLE 54 COMBINED HEAT AND POWER MARKET FOR BIOGAS/BIOMASS, BY REGION, 2019–2024 (USD MILLION) 128
TABLE 55 COMBINED HEAT AND POWER MARKET FOR BIOGAS/BIOMASS,
BY REGION, 2025–2030 (USD MILLION) 129
TABLE 56 COMBINED HEAT AND POWER MARKET FOR NUCLEAR, BY REGION,
2019–2024 (USD MILLION) 130
TABLE 57 COMBINED HEAT AND POWER MARKET FOR NUCLEAR, BY REGION,
2025–2030 (USD MILLION) 130
TABLE 58 COMBINED HEAT AND POWER MARKET FOR DIESEL, BY REGION,
2019–2024 (USD MILLION) 131
TABLE 59 COMBINED HEAT AND POWER MARKET FOR DIESEL, BY REGION,
2025–2030 (USD MILLION) 131
TABLE 60 COMBINED HEAT AND POWER MARKET FOR OTHER FUELS, BY REGION,
2019–2024 (USD MILLION) 132
TABLE 61 COMBINED HEAT AND POWER MARKET FOR OTHER FUELS, BY REGION,
2025–2030 (USD MILLION) 132
TABLE 62 COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 134
TABLE 63 COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 135
TABLE 64 COMBINED HEAT AND POWER MARKET FOR GAS TURBINES, BY REGION,
2019–2024 (USD MILLION) 136
TABLE 65 COMBINED HEAT AND POWER MARKET FOR GAS TURBINES, BY REGION,
2025–2030 (USD MILLION) 136
TABLE 66 COMBINED HEAT AND POWER MARKET FOR STEAM TURBINES, BY REGION,
2019–2024 (USD MILLION) 137
TABLE 67 COMBINED HEAT AND POWER MARKET FOR STEAM TURBINES, BY REGION,
2025–2030 (USD MILLION) 137
TABLE 68 COMBINED HEAT AND POWER MARKET FOR RECIPROCATING ENGINES,
BY REGION 2019–2024 (USD MILLION) 138
TABLE 69 COMBINED HEAT AND POWER MARKET FOR RECIPROCATING ENGINES,
BY REGION 2025–2030 (USD MILLION) 138
TABLE 70 COMBINED HEAT AND POWER MARKET FOR FUEL CELLS, BY REGION
2019–2024 (USD MILLION) 139
TABLE 71 COMBINED HEAT AND POWER MARKET FOR FUEL CELLS, BY REGION
2025–2030 (USD MILLION) 139
TABLE 72 COMBINED HEAT AND POWER MARKET FOR MICROTURBINES, BY REGION
2019–2024 (USD MILLION) 140
TABLE 73 COMBINED HEAT AND POWER MARKET FOR MICROTURBINES, BY REGION
2025–2030 (USD MILLION) 140
TABLE 74 COMBINED HEAT AND POWER MARKET FOR OTHER PRIME MOVERS,
BY REGION 2019–2024 (USD MILLION) 141
TABLE 75 COMBINED HEAT AND POWER MARKET FOR OTHER PRIME MOVERS,
BY REGION 2025–2030 (USD MILLION) 141
TABLE 76 COMBINED HEAT AND POWER MARKET, BY REGION, 2019–2024 (USD MILLION) 144
TABLE 77 COMBINED HEAT AND POWER MARKET, BY REGION, 2025–2030 (USD MILLION) 144
TABLE 78 COMBINED HEAT AND POWER MARKET, BY REGION, 2019–2024 (MW) 145
TABLE 79 COMBINED HEAT AND POWER MARKET, BY REGION, 2025–2030 (MW) 145
TABLE 80 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 146
TABLE 81 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 146
TABLE 82 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019–2024 (USD MILLION) 146
TABLE 83 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2025–2030 (USD MILLION) 147
TABLE 84 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 147
TABLE 85 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 147
TABLE 86 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 148
TABLE 87 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 148
TABLE 88 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 148
TABLE 89 NORTH AMERICA: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 149
TABLE 90 US: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 149
TABLE 91 US: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 150
TABLE 92 US: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 150
TABLE 93 US: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 150
TABLE 94 US: COMBINED HEAT AND POWER MARKET, BY FUEL, 2019–2024 (USD MILLION) 151
TABLE 95 US: COMBINED HEAT AND POWER MARKET, BY FUEL, 2025–2030 (USD MILLION) 151
TABLE 96 US: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 151
TABLE 97 US: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 152
TABLE 98 CANADA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 152
TABLE 99 CANADA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 153
TABLE 100 CANADA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 153
TABLE 101 CANADA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 153
TABLE 102 CANADA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 154
TABLE 103 CANADA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 154
TABLE 104 CANADA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 154
TABLE 105 CANADA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 155
TABLE 106 MEXICO: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 155
TABLE 107 MEXICO: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 156
TABLE 108 MEXICO: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 156
TABLE 109 MEXICO: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 156
TABLE 110 MEXICO: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 157
TABLE 111 MEXICO: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 157
TABLE 112 MEXICO: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 157
TABLE 113 MEXICO: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 158
TABLE 114 EUROPE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 159
TABLE 115 EUROPE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 160
TABLE 116 EUROPE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 160
TABLE 117 EUROPE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 160
TABLE 118 EUROPE: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 161
TABLE 119 EUROPE: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 161
TABLE 120 EUROPE: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 161
TABLE 121 EUROPE: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 162
TABLE 122 EUROPE: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 162
TABLE 123 EUROPE: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 162
TABLE 124 GERMANY: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 163
TABLE 125 GERMANY: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 164
TABLE 126 GERMANY: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 164
TABLE 127 GERMANY: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 164
TABLE 128 GERMANY: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 165
TABLE 129 GERMANY: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 165
TABLE 130 GERMANY: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 165
TABLE 131 GERMANY: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 166
TABLE 132 UK: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 166
TABLE 133 UK: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 167
TABLE 134 UK: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 167
TABLE 135 UK: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 167
TABLE 136 UK: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 168
TABLE 137 UK: COMBINED HEAT AND POWER MARKET, BY FUEL, 2025–2030 (USD MILLION) 168
TABLE 138 UK: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 168
TABLE 139 UK: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 169
TABLE 140 FRANCE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 169
TABLE 141 FRANCE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 170
TABLE 142 FRANCE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 170
TABLE 143 FRANCE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 170
TABLE 144 FRANCE: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 171
TABLE 145 FRANCE: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 171
TABLE 146 FRANCE: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 171
TABLE 147 FRANCE: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 172
TABLE 148 ITALY: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 172
TABLE 149 ITALY: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 173
TABLE 150 ITALY: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 173
TABLE 151 ITALY: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 173
TABLE 152 ITALY: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 174
TABLE 153 ITALY: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 174
TABLE 154 ITALY: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 174
TABLE 155 ITALY: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 175
TABLE 156 RUSSIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 175
TABLE 157 RUSSIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 176
TABLE 158 RUSSIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 176
TABLE 159 RUSSIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 176
TABLE 160 RUSSIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 177
TABLE 161 RUSSIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 177
TABLE 162 RUSSIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 177
TABLE 163 RUSSIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 178
TABLE 164 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 178
TABLE 165 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 179
TABLE 166 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019–2024 (USD MILLION) 179
TABLE 167 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2025–2030 (USD MILLION) 179
TABLE 168 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 180
TABLE 169 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 180
TABLE 170 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 180
TABLE 171 REST OF EUROPE: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 181
TABLE 172 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 182
TABLE 173 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 183
TABLE 174 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 183
TABLE 175 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 183
TABLE 176 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 184
TABLE 177 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 184
TABLE 178 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 184
TABLE 179 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 185
TABLE 180 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 185
TABLE 181 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 185
TABLE 182 CHINA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 186
TABLE 183 CHINA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 187
TABLE 184 CHINA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 187
TABLE 185 CHINA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 187
TABLE 186 CHINA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 188
TABLE 187 CHINA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 188
TABLE 188 CHINA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 188
TABLE 189 CHINA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 189
TABLE 190 JAPAN: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 189
TABLE 191 JAPAN: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 190
TABLE 192 JAPAN: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 190
TABLE 193 JAPAN: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 190
TABLE 194 JAPAN: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 191
TABLE 195 JAPAN: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 191
TABLE 196 JAPAN: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 191
TABLE 197 JAPAN: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 192
TABLE 198 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 192
TABLE 199 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 193
TABLE 200 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 193
TABLE 201 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 193
TABLE 202 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 194
TABLE 203 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 194
TABLE 204 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 194
TABLE 205 SOUTH KOREA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 195
TABLE 206 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 195
TABLE 207 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 196
TABLE 208 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 196
TABLE 209 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 196
TABLE 210 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 197
TABLE 211 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 197
TABLE 212 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 197
TABLE 213 AUSTRALIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 198
TABLE 214 INDIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 198
TABLE 215 INDIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 199
TABLE 216 INDIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 199
TABLE 217 INDIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 199
TABLE 218 INDIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 200
TABLE 219 INDIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 200
TABLE 220 INDIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 200
TABLE 221 INDIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 201
TABLE 222 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET,
BY CAPACITY, 2019–2024 (USD MILLION) 201
TABLE 223 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET,
BY CAPACITY, 2025–2030 (USD MILLION) 202
TABLE 224 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET,
BY PRIME MOVER, 2019–2024 (USD MILLION) 202
TABLE 225 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2025–2030 (USD MILLION) 202
TABLE 226 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 203
TABLE 227 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 203
TABLE 228 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY END USER, 2019–2024 (USD MILLION) 203
TABLE 229 REST OF ASIA PACIFIC: COMBINED HEAT AND POWER MARKET, BY END USER, 2025–2030 (USD MILLION) 204
TABLE 230 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2024 (USD MILLION) 204
TABLE 231 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2025–2030 (USD MILLION) 205
TABLE 232 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019–2024 (USD MILLION) 205
TABLE 233 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2025–2030 (USD MILLION) 205
TABLE 234 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 206
TABLE 235 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 206
TABLE 236 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY END USER, 2019–2024 (USD MILLION) 206
TABLE 237 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY END USER, 2025–2030 (USD MILLION) 207
TABLE 238 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2019–2024 (USD MILLION) 207
TABLE 239 MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2025–2030 (USD MILLION) 207
TABLE 240 GCC: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 208
TABLE 241 GCC: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 208
TABLE 242 GCC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 209
TABLE 243 GCC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 209
TABLE 244 GCC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 209
TABLE 245 GCC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 210
TABLE 246 GCC: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 210
TABLE 247 GCC: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 210
TABLE 248 GCC: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 211
TABLE 249 GCC: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 211
TABLE 250 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 212
TABLE 251 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 212
TABLE 252 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 212
TABLE 253 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 213
TABLE 254 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 213
TABLE 255 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 213
TABLE 256 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 214
TABLE 257 SAUDI ARABIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 214
TABLE 258 UAE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 215
TABLE 259 UAE: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 215
TABLE 260 UAE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 215
TABLE 261 UAE: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 216
TABLE 262 UAE: COMBINED HEAT AND POWER MARKET, BY FUEL, 2019–2024 (USD MILLION) 216
TABLE 263 UAE: COMBINED HEAT AND POWER MARKET, BY FUEL, 2025–2030 (USD MILLION) 216
TABLE 264 UAE: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 217
TABLE 265 UAE: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 217
TABLE 266 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 218
TABLE 267 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 218
TABLE 268 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 218
TABLE 269 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 219
TABLE 270 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 219
TABLE 271 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 219
TABLE 272 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 220
TABLE 273 REST OF GCC: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 220
TABLE 274 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 221
TABLE 275 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 221
TABLE 276 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 221
TABLE 277 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 222
TABLE 278 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 222
TABLE 279 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 222
TABLE 280 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 223
TABLE 281 SOUTH AFRICA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 223
TABLE 282 TURKEY: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 224
TABLE 283 TURKEY: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 224
TABLE 284 TURKEY: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 224
TABLE 285 TURKEY: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 225
TABLE 286 TURKEY: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 225
TABLE 287 TURKEY: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 225
TABLE 288 TURKEY: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 226
TABLE 289 TURKEY: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 226
TABLE 290 NIGERIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 227
TABLE 291 NIGERIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 227
TABLE 292 NIGERIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 227
TABLE 293 NIGERIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 228
TABLE 294 NIGERIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 228
TABLE 295 NIGERIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 228
TABLE 296 NIGERIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 229
TABLE 297 NIGERIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 229
TABLE 298 ALGERIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 230
TABLE 299 ALGERIA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 230
TABLE 300 ALGERIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 230
TABLE 301 ALGERIA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 231
TABLE 302 ALGERIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 231
TABLE 303 ALGERIA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 231
TABLE 304 ALGERIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 232
TABLE 305 ALGERIA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 232
TABLE 306 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY CAPACITY, 2019–2024 (USD MILLION) 233
TABLE 307 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY CAPACITY, 2025–2030 (USD MILLION) 233
TABLE 308 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY PRIME MOVER, 2019–2024 (USD MILLION) 233
TABLE 309 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY PRIME MOVER, 2025–2030 (USD MILLION) 234
TABLE 310 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY FUEL, 2019–2024 (USD MILLION) 234
TABLE 311 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY FUEL, 2025–2030 (USD MILLION) 234
TABLE 312 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY END USER, 2019–2024 (USD MILLION) 235
TABLE 313 REST OF MIDDLE EAST & AFRICA: COMBINED HEAT AND POWER MARKET,
BY END USER, 2025–2030 (USD MILLION) 235
TABLE 314 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 236
TABLE 315 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 236
TABLE 316 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019–2024 (USD MILLION) 236
TABLE 317 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2025–2030 (USD MILLION) 237
TABLE 318 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 237
TABLE 319 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 237
TABLE 320 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 238
TABLE 321 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 238
TABLE 322 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2019–2024 (USD MILLION) 238
TABLE 323 SOUTH AMERICA: COMBINED HEAT AND POWER MARKET, BY COUNTRY,
2025–2030 (USD MILLION) 239
TABLE 324 BRAZIL: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 239
TABLE 325 BRAZIL: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 240
TABLE 326 BRAZIL: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 240
TABLE 327 BRAZIL: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 240
TABLE 328 BRAZIL: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 241
TABLE 329 BRAZIL: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 241
TABLE 330 BRAZIL: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 241
TABLE 331 BRAZIL: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 242
TABLE 332 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2019–2024 (USD MILLION) 242
TABLE 333 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY CAPACITY,
2025–2030 (USD MILLION) 243
TABLE 334 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2019–2024 (USD MILLION) 243
TABLE 335 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY PRIME MOVER,
2025–2030 (USD MILLION) 243
TABLE 336 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2019–2024 (USD MILLION) 244
TABLE 337 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY FUEL,
2025–2030 (USD MILLION) 244
TABLE 338 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY END USER,
2019–2024 (USD MILLION) 244
TABLE 339 ARGENTINA: COMBINED HEAT AND POWER MARKET, BY END USER,
2025–2030 (USD MILLION) 245
TABLE 340 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY CAPACITY, 2019–2024 (USD MILLION) 245
TABLE 341 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY CAPACITY, 2025–2030 (USD MILLION) 246
TABLE 342 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY PRIME MOVER, 2019–2024 (USD MILLION) 246
TABLE 343 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY PRIME MOVER, 2025–2030 (USD MILLION) 246
TABLE 344 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY FUEL, 2019–2024 (USD MILLION) 247
TABLE 345 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY FUEL, 2025–2030 (USD MILLION) 247
TABLE 346 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY END USER, 2019–2024 (USD MILLION) 247
TABLE 347 REST OF SOUTH AMERICA: COMBINED HEAT AND POWER MARKET,
BY END USER, 2025–2030 (USD MILLION) 248
TABLE 348 OVERVIEW OF KEY STRATEGIES ADOPTED BY TOP PLAYERS,
APRIL 2017– JULY 2025 249
TABLE 349 COMBINED HEAT AND POWER MARKET: DEGREE OF COMPETITION 252
TABLE 350 COMBINED HEAT AND POWER MARKET: CAPACITY FOOTPRINT 257
TABLE 351 COMBINED HEAT AND POWER MARKET: PRIME MOVER FOOTPRINT 258
TABLE 352 COMBINED HEAT AND POWER MARKET: FUEL FOOTPRINT 259
TABLE 353 COMBINED HEAT AND POWER MARKET: END USER FOOTPRINT 260
TABLE 354 COMBINED HEAT AND POWER MARKET: REGION FOOTPRINT 261
TABLE 355 COMBINED HEAT AND POWER MARKET: PRODUCT LAUNCHES/
DEVELOPMENTS, APRIL 2017–JULY 2025 262
TABLE 356 COMBINED HEAT AND POWER MARKET: DEALS, APRIL 2017–JULY 2025 263
TABLE 357 COMBINED HEAT AND POWER MARKET: EXPANSIONS, APRIL 2017–JULY 2025 266
TABLE 358 COMBINED HEAT AND POWER MARKET: OTHER DEVELOPMENTS,
APRIL 2017–JULY 2025 266
TABLE 359 GE VERNOVA: COMPANY OVERVIEW 275
TABLE 360 GE VERNOVA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 276
TABLE 361 GE VERNOVA: DEVELOPMENTS 277
TABLE 362 SIEMENS ENERGY: COMPANY OVERVIEW 279
TABLE 363 SIEMENS ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 280
TABLE 364 SIEMENS ENERGY: DEALS 282
TABLE 365 SIEMENS ENERGY: OTHER DEVELOPMENTS 282
TABLE 366 WÄRTSILÄ: COMPANY OVERVIEW 284
TABLE 367 WÄRTSILÄ: PRODUCTS/SERVICES/SOLUTIONS OFFERED 285
TABLE 368 WÄRTSILÄ: DEALS 286
TABLE 369 WÄRTSILÄ: OTHER DEVELOPMENTS 286
TABLE 370 2G ENERGY INC.: COMPANY OVERVIEW 288
TABLE 371 2G ENERGY INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 289
TABLE 372 2G ENERGY INC.: PRODUCT LAUNCHES/DEVELOPMENTS 290
TABLE 373 2G ENERGY INC.: DEALS 291
TABLE 374 2G ENERGY INC.: OTHER DEVELOPMENTS 291
TABLE 375 MITSUBISHI HEAVY INDUSTRIES, LTD: COMPANY OVERVIEW 292
TABLE 376 MITSUBISHI HEAVY INDUSTRIES, LTD.: PRODUCTS/SERVICES/
SOLUTIONS OFFERED 293
TABLE 377 MITSUBISHI HEAVY INDUSTRIES, LTD.: DEALS 294
TABLE 378 MITSUBISHI HEAVY INDUSTRIES: OTHER DEVELOPMENTS 294
TABLE 379 MITSUBISHI HEAVY INDUSTRIES: EXPANSIONS 295
TABLE 380 CLARKE ENERGY: COMPANY OVERVIEW 297
TABLE 381 CLARKE ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED 297
TABLE 382 CLARKE ENERGY: PRODUCT LAUNCHES/DEVELOPMENTS 298
TABLE 383 CLARKE ENERGY: OTHER DEVELOPMENTS 298
TABLE 384 CATERPILLAR: COMPANY OVERVIEW 299
TABLE 385 CATERPILLAR: PRODUCTS/SERVICES/SOLUTIONS OFFERED 300
TABLE 386 CATERPILLAR: PRODUCT LAUNCHES/DEVELOPMENTS 301
TABLE 387 CATERPILLAR: OTHER DEVELOPMENTS 301
TABLE 388 E.ON SE: COMPANY OVERVIEW 304
TABLE 389 E.ON SE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 305
TABLE 390 E.ON SE: PRODUCT LAUNCHES/DEVELOPMENTS 306
TABLE 391 E.ON SE: DEALS 306
TABLE 392 E.ON: OTHER DEVELOPMENTS 307
TABLE 393 VEOLIA: COMPANY OVERVIEW 308
TABLE 394 VEOLIA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 309
TABLE 395 VEOLIA: DEALS 310
TABLE 396 VEOLIA: OTHER DEVELOPMENTS 310
TABLE 397 ROBERT BOSCH GMBH: COMPANY OVERVIEW 312
TABLE 398 ROBERT BOSCH GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED 313
TABLE 399 ROBERT BOSCH GMBH: DEALS 314
TABLE 400 ROBERT BOSCH GMBH: OTHER DEVELOPMENTS 314
TABLE 401 EVERLLENCE: COMPANY OVERVIEW 315
TABLE 402 EVERLLENCE: PRODUCTS/SERVICES/SOLUTIONS OFFERED 316
TABLE 403 EVERLLENCE: EXPANSIONS 316
TABLE 404 EVERLLENCE: OTHER DEVELOPMENTS 317
TABLE 405 AB HOLDING SPA: COMPANY OVERVIEW 318
TABLE 406 AB HOLDING SPA: PRODUCTS/SERVICES/SOLUTIONS OFFERED 318
TABLE 407 AB HOLDING SPA: OTHER DEVELOPMENTS 319
TABLE 408 FUELCELL ENERGY, INC.: COMPANY OVERVIEW 320
TABLE 409 FUELCELL ENERGY, INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 321
TABLE 410 FUELCELL ENERGY, INC.: PRODUCT LAUNCHES/DEVELOPMENTS 322
TABLE 411 CAPSTONE GREEN ENERGY HOLDINGS, INC.: COMPANY OVERVIEW 323
TABLE 412 CAPSTONE GREEN ENERGY HOLDINGS, INC.: PRODUCTS/SERVICES/
SOLUTIONS OFFERED 324
TABLE 413 CAPSTONE GREEN ENERGY HOLDINGS, INC.: DEALS 325
TABLE 414 CAPSTONE GREEN ENERGY HOLDINGS, INC.: OTHER DEVELOPMENTS 325
TABLE 415 CUMMINS INC.: COMPANY OVERVIEW 328
TABLE 416 CUMMINS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED 329
TABLE 417 CUMMINS INC.: DEVELOPMENTS 330
LIST OF FIGURES
FIGURE 1 COMBINED HEAT AND POWER MARKET: RESEARCH DESIGN 39
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS 42
FIGURE 3 DATA TRIANGULATION 43
FIGURE 4 MAIN METRICS CONSIDERED WHILE ANALYZING AND ASSESSING DEMAND IN COMBINED HEAT AND POWER MARKET 44
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 45
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 46
FIGURE 7 KEY STEPS CONSIDERED IN ASSESSING SUPPLY FOR COMBINED HEAT
AND POWER MARKET 49
FIGURE 8 SUPPLY-SIDE ANALYSIS 49
FIGURE 9 ASIA PACIFIC ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 54
FIGURE 10 11–150 MW SEGMENT TO DOMINATE MARKET IN 2030 54
FIGURE 11 RECIPROCATING ENGINE SEGMENT TO LEAD MARKET IN 2030 55
FIGURE 12 NATURAL GAS SEGMENT TO CAPTURE LARGEST MARKET SHARE IN 2030 55
FIGURE 13 INDUSTRIAL SEGMENT TO DOMINATE MARKET IN 2030 56
FIGURE 14 INCREASING URBANIZATION AND NEED TO REDUCE CARBON EMISSIONS
TO DRIVE MARKET 57
FIGURE 15 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 58
FIGURE 16 INDUSTRIAL SEGMENT AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC COMBINED HEAT AND POWER MARKET IN 2024 59
FIGURE 17 11–150 MW SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE IN 2030 60
FIGURE 18 GAS TURBINE SEGMENT TO DOMINATE MARKET IN 2030 60
FIGURE 19 NATURAL GAS SEGMENT TO LEAD MARKET IN 2030 61
FIGURE 20 INDUSTRIAL SEGMENT TO HOLD LARGEST MARKET SHARE IN 2030 61
FIGURE 21 COMBINED HEAT AND POWER MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 63
FIGURE 22 WORLD ELECTRICITY GENERATION IN STATED POLICIES SCENARIO, 2022–2035 66
FIGURE 23 GLOBAL NATURAL GAS CONSUMPTION, 2014–2024 66
FIGURE 24 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 72
FIGURE 25 AVERAGE INSTALLATION COST TREND OF SMALL-CAPACITY COMBINED HEAT AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 73
FIGURE 26 AVERAGE INSTALLATION COST TREND OF MEDIUM-CAPACITY COMBINED HEAT AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 73
FIGURE 27 AVERAGE INSTALLATION COST TREND OF LARGE-CAPACITY COMBINED HEAT AND POWER SYSTEMS, BY PRIME MOVER, 2021–2024 74
FIGURE 28 AVERAGE INSTALLATION COST TREND OF COMBINED HEAT AND POWER SYSTEMS, BY REGION, 2021–2024 75
FIGURE 29 COMBINED HEAT AND POWER MARKET: VALUE CHAIN ANALYSIS 75
FIGURE 30 COMBINED HEAT AND POWER MARKET: ECOSYSTEM MAPPING 78
FIGURE 31 TOP 10 PLAYERS WITH HIGHEST NUMBER OF PATENTS PERTAINING TO COMBINED HEAT AND POWER, 2014–2024 81
FIGURE 32 TOTAL NUMBER OF PATENTS GRANTED PERTAINING TO COMBINED HEAT AND POWER, 2014–2024 81
FIGURE 33 EXPORT DATA FOR HS CODE 8406-COMPLIANT PRODUCTS, BY COUNTRY,
2022–2024 (USD THOUSAND) 87
FIGURE 34 IMPORT DATA FOR HS CODE 8406-COMPLIANT PRODUCTS, BY COUNTRY,
2022–2024 (USD THOUSAND) 89
FIGURE 35 EXPORT DATA FOR HS CODE 841182-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 91
FIGURE 36 IMPORT DATA FOR HS CODE 841182-COMPLIANT PRODUCTS, BY COUNTRY, 2022–2024 (USD THOUSAND) 92
FIGURE 37 COMBINED HEAT AND POWER MARKET: PORTER’S FIVE FORCES ANALYSIS 96
FIGURE 38 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR END USERS 100
FIGURE 39 KEY BUYING CRITERIA FOR TOP END USERS 101
FIGURE 40 IMPACT OF AI ON COMBINED HEAT AND POWER MARKET, BY REGION 103
FIGURE 41 COMBINED HEAT AND POWER MARKET SHARE, BY CAPACITY, 2024 109
FIGURE 42 COMBINED HEAT AND POWER MARKET SHARE, BY END USER, 2024 116
FIGURE 43 COMBINED HEAT AND POWER MARKET SHARE, BY FUEL, 2024 124
FIGURE 44 COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2024 134
FIGURE 45 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 143
FIGURE 46 COMBINED HEAT AND POWER MARKET, BY REGION, 2024 144
FIGURE 47 EUROPE: COMBINED HEAT AND POWER MARKET SNAPSHOT 159
FIGURE 48 ASIA PACIFIC: COMBINED HEAT AND POWER MARKET SNAPSHOT 182
FIGURE 49 MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS, 2024 252
FIGURE 50 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2020–2024 253
FIGURE 51 COMBINED HEAT AND POWER MARKET: COMPANY EVALUATION MATRIX
(KEY PLAYERS), 2024 255
FIGURE 52 COMPANY FOOTPRINT 256
FIGURE 53 GE VERNOVA: COMPANY SNAPSHOT 276
FIGURE 54 SIEMENS ENERGY: COMPANY SNAPSHOT 280
FIGURE 55 WÄRTSILÄ: COMPANY SNAPSHOT 285
FIGURE 56 2G ENERGY INC.: COMPANY SNAPSHOT 289
FIGURE 57 MITSUBISHI HEAVY INDUSTRIES, LTD.: COMPANY SNAPSHOT 293
FIGURE 58 CATERPILLAR: COMPANY SNAPSHOT 300
FIGURE 59 E.ON SE: COMPANY SNAPSHOT 305
FIGURE 60 VEOLIA: COMPANY SNAPSHOT 309
FIGURE 61 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 313
FIGURE 62 FUELCELL ENERGY, INC.: COMPANY SNAPSHOT 321
FIGURE 63 CAPSTONE GREEN ENERGY HOLDINGS, INC.: COMPANY SNAPSHOT 324
FIGURE 64 CUMMINS INC.: COMPANY SNAPSHOT 329
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| シングルユーザ | マルチユーザ | コーポレート | エンタープライズサイト |
| USD9,000 | USD10,500 | USD12,000 | USD13,500 |
ミニレポート ※定性調査にフォーカスした調査レポートです。詳細はお問合せください。
| シングルユーザ | コーポレート |
| USD 2,650 | USD 4,250 |
ご購入に関するご案内
価格・納期について
- 価格
- ウェブサイトに記載の外貨（定価）を見積日のTTSレートで換算後消費税を加えた金額が弊社からの請求金額になります。見積金額はレート変動に関係なく見積書発行日より2週間有効です。手数料（ハンドリングチャージ）無料。
- ライセンス
- シングルユーザライセンス
- 1名のみレポートファイルのご利用が可能です。
- マルチユーザライセンス
- 同一企業内（関連会社除く）5名までレポートファイルのご利用が可能です。
- コーポレートライセンス
- 同一企業および100％持株会社間・人数無制限でレポートファイルのご利用が可能です。
- エンタープライズサイトライセンス
- 特別ライセンスです。適用範囲についてはお問合せください。
- シングルユーザライセンス
- 納品形態
- Eメール
- 納期
- 最短3時間以内にご納品可能です。通常ご注文後24時間以内（営業日基準）
ご注文方法
- レポートページ内のお問い合わせフォームより見積もりをご請求ください。確認次第見積書と発注書をお送りいたします。既に弊社の見積書をお持ちの場合にはEメールまたはFAXでご注文ください。
その他
- 商品の性質上、ご注文後のキャンセル/返品/交換はできません。ご了承ください。
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