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Combined Heat and Power in Commercial Building Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

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Combined Heat and Power in Commercial Building Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

Combined Heat and Power in Commercial Building Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast, 2019-2028

  • Published Date: 13 Mar 2020
  • Report ID: E&P 004
  • Pages:166
  • Base Year: 2019
  • Format: PDF
  • Historical Data: 2016-2019

Combined heat and power (CHP) is the simultaneous production of electricity or mechanical power and useful thermal energy from a single source of energy. CHP technology is cost-effective and can be deployed quickly with few geographic limitations. CHP utilizes a variety of fuels like fossil fuels, biomass, and biogas. It has been employed for many years, especially in office buildings, airports, retail developments, district energy schemes, and others. CHP aids in providing highly-efficient electricity and process heat to some of the most significant industries and largest employers, urban centers, and campuses. According to a study published by Insure Insights, the global Combined Heat and Power in Commercial Building market is anticipated to grow at a CAGR of 8.2% during the forecast period.

Top Driver: Increasing Energy Demand and Added Advantages

Increasing energy demand in commercial and industrial sectors, abundant natural gas supply, and tight government regulation are the prominent factors that propel the combined heat and power market growth.  Besides, the benefits associated with CHP has resulted in its rapid adoption. Commercial CHP system provides significant financial savings on fuel costs to produce electricity, heat, and cooling. Gas engine CHP plants generate electricity at high efficiency. They can be fuelled by low carbon and renewable gases to optimize the environmental performance of a commercial building or development. Embedded generation helps to minimize losses associated with the transmission of electricity.

Natural Gas to Make Crucial Contribution to Growth of the Market

On the basis of fuel, the market is segmented into Natural Gas, Coal, Biomass, Others. The natural gas segment is anticipated to hold larger market share owing to the abundant availability of the gas. The biomass segment is surged towards growth due to growing awareness about biomass applications in the heat and energy generation. On the basis of technology, the market is segmented into Combined Cycle, Steam Turbine, Gas Turbine, Reciprocating Engine, Others. On the basis of end use the market is segmented into Residential, Commercial, Industrial.

Rising Environmental Regulations to Benefit North America Market

North America and Europe region have contributed to the significant growth in the forecast period. This owes to the favorable state incentives, policies, resiliency initiatives, and CHP-inclined environment, which would boost the industry in the coming years. The surge in demand for district heating and cooling systems on account of shifting climatic conditions is anticipated to help the industry gain lucrative growth. The increase in the ongoing technological innovations due to fuel flexibility and improved efficiency would propel the combined heat and power market demand across Germany. The increase in the cogeneration plants applicability across industrial and commercial sectors to achieve low carbon footprint is expected to help flourish the industry in the next few years.

Players to Focus on Combined Heat and Power Commercial Building Market

The global market is expected to stay fragmented with the increase in the number of new entrants in the coming years. Bosch Thermotechnology, Kawasaki, Wartsila, MAN Diesel & Turbo, ABB, Mitsubishi, Yanmar, General Electric, 2G Energy, Aegis Energy, Cummins, Fuel Cell Energy, CENTRAX Gas Turbines, Viessmann Werke, MWM, Veolia, ENER-G Rudox, Caterpillar, BDR Thermea, and Siemens among others could be at the forefront of the competition in the global market.

Bosch Thermotechnology: In May 2011, Bosch Thermotechnology North America, a leading provider of energy efficient heating and air conditioning comfort systems and high quality solar thermal systems and water heaters for homes and businesses, announced today a series of enhancements to its product portfolio and HVAC professional support network for its geothermal heating and cooling systems in the United States.

ContourGlobal plc: In January 2019, ContourGlobal plc announced that it had reached agreement with Alpek S.A.B. de C.V, to acquire Alpek’s portfolio of two natural gas-fired combined heat and power plants, together with development rights and permits for a third plant, for $724 million in cash. An additional payment at closing estimated at $77 million represents the Value Added Tax assessed for the transaction and is expected to be refunded in full within 12 months of closing. The two CHP plants will provide electricity and steam under long-term contracts to subsidiaries of Alfa S.A.B. de C.V, a leading Mexican industrial conglomerate, and other commercial and industrial customers.

Scope of the Report

By Fuel

  • Natural Gas
  • Coal
  • Biomass
  • Others

By Technology

  • Combined Cycle
  • Steam Turbine
  • Gas Turbine
  • Reciprocating Engine
  • Others

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
  • Europe
  • Asia Pacific
  • SAMEA

Key Reasons to Purchase this Report

  1. It provides a technological development map over time to understand the growth rate of the industry.
  2. The report offers a dynamic method to various factors that drive or restrain the growth of the market.
  3. It renders definite analysis for changing competitive dynamics.
  4. It builds a seven-year estimate based on how the market is predicted to grow.

Table of Content

Chapter 1           Overview And Scope

1.1             Market Vision

1.1.1          Market Definition

1.1.2          Market Scope

1.2             Market Segmentation

Chapter 2           Our Research Practice

2.1             Our Research Methodology

2.2             Data Triangulation

2.3             Data Sources

2.4             Assumptions for the study

2.5             Approach Adopted

Chapter 3           Executive Summary

3.1             Market Snapshot

3.2             Regional Snapshot

3.3             Segment Summary

Chapter 4           Covid-19 Impact Analysis

4.1             Overview

4.2             Prevalence analysis

4.3             Key Factor Impact Analysis

Chapter 5           Global Combined Heat and Power in Commercial Building Market Forces

5.1             What’s Driving the Market

5.2             Porter’s Five Forces Analysis

5.2.1          Power of Suppliers

5.2.2          Threats From New Entrants

5.2.3          Power of Buyer

5.2.4          Threat From Substitute Product

5.2.5          Degree of Competition

Chapter 6           Global Combined Heat and Power in Commercial Building Market -Industry Snapshots

6.1             Overview

6.1.1          Global Combined Heat and Power in Commercial Building Market Value, 2019 – 2028, (US$ Bn)

6.2             Market Overview

6.2.1          Drivers Analysis

6.2.2          Restraint/Challenges analysis

6.2.3          Opportunity Analysis

6.3             Supply Chain/Value Chain Analysis

6.4             Market SWOT Analysis

Chapter 7           Global Combined Heat and Power in Commercial Building Market Analysis, by Fuel

7.1             Overview

7.2             Key Findings for Combined Heat and Power in Commercial Building Market- By Fuel

7.2.1          Combined Heat and Power in Commercial Building Market- Natural Gas

7.2.2          Combined Heat and Power in Commercial Building Market- Coal

7.2.3          Combined Heat and Power in Commercial Building Market- Biomass

7.2.4          Combined Heat and Power in Commercial Building Market- Others

Chapter 8           Global Combined Heat and Power in Commercial Building Market Analysis, by Technology

8.1             Overview

8.2             Key Findings for Combined Heat and Power in Commercial Building Market- By Technology

8.2.1          Combined Heat and Power in Commercial Building Market- Combined Cycle

8.2.2          Combined Heat and Power in Commercial Building Market- Steam Turbine

8.2.3          Combined Heat and Power in Commercial Building Market- Gas Turbine

8.2.4          Combined Heat and Power in Commercial Building Market- Reciprocating Engine

8.2.5          Combined Heat and Power in Commercial Building Market- Others

Chapter 9           Global Combined Heat and Power in Commercial Building Market Analysis, by End User

9.1             Overview

9.2             Key Findings for Combined Heat and Power in Commercial Building Market- By End User

9.2.1          Combined Heat and Power in Commercial Building Market- Residential

9.2.2          Combined Heat and Power in Commercial Building Market- Commercial

9.2.3          Combined Heat and Power in Commercial Building Market- Industrial

Chapter 10       Combined Heat and Power in Commercial Building Market Analysis by Region

10.1           Key Findings for Combined Heat and Power in Commercial Building Market- By region

10.2           Overview

10.2.1       Global Combined Heat and Power in Commercial Building Market Analysis, By Fuel, 2019 – 2028

10.2.2       Global Combined Heat and Power in Commercial Building Market Analysis, By Technology, 2019 – 2028

10.2.3       Global Combined Heat and Power in Commercial Building Market Analysis, By End User, 2019 – 2028

10.3           Combined Heat and Power in Commercial Building Market – North America

10.3.1       Overview

10.3.2       U.S.

10.3.3       Canada

10.3.4       Mexico

10.3.5       North America Market, By Fuel

10.3.6       North America Market, By Technology

10.3.7       North America Market, By End User

10.4           Combined Heat and Power in Commercial Building Market – Europe

10.4.1       Overview

10.4.2       Germany

10.4.3       United Kingdom

10.4.4       France

10.4.5       Italy

10.4.6       Rest Of Europe

10.4.7       Europe Market, By Fuel

10.4.8       Europe Market, By Technology

10.4.9       Europe market by, End User

10.5           Combined Heat and Power in Commercial Building Market – Asia Pacific

10.5.1       Overview

10.5.2       China

10.5.3       Japan

10.5.4       India

10.5.5       Rest of APAC

10.5.6       Asia Pacific Market, By Fuel

10.5.7       Asia Pacific Market, By Technology

10.5.8       Asia Pacific Market, By End User

10.6           Combined Heat and Power in Commercial Building Market – SAMEA

10.6.1       Overview

10.6.2       Middle East & Africa (MEA)

10.6.3       South America

10.6.4       Rest Of World

10.6.5       South America, Middle East and Africa Market, By Fuel

10.6.6       South America, Middle East and Africa Market, By Technology

10.6.7       South America, Middle East and Africa Market, By End User

Chapter 11       Market Competition Analysis

11.1           Market Share/Positioning Analysis

11.1.1       Market Positioning of Key Vendors, 2019

11.1.2       Key Strategies Adopted by the Leading Players

11.1.3       Recent Developments

Chapter 12       Company Profiles- Snapshot

12.1           Bosch Thermotechnology

12.1.1       Business Fundamentals

12.1.2       Financial Snapshots

12.1.3       Product Portfolio

12.1.4       Recent Developments

12.2           Kawasaki

12.3           Wartsila

12.4           MAN Diesel & Turbo

12.5           ABB, Mitsubishi

12.6           Yanmar

12.7           General Electric

12.8           2G Energy

12.9           Aegis Energy

12.10        Cummins

*More than 10 Companies are profiled in this Research Report*

*Financials would be provided on a best efforts basis for private companies”

Chapter 13       Appendix

 

 

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