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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 $77 million represents the Value Added Tax assessed for the transaction and is expected to be refunded in full within 12 months of closing. The two CHP plants will provide electricity and steam under long-term contracts to subsidiaries of Alfa S.A.B. de C.V, a leading Mexican industrial conglomerate, and other commercial and industrial customers.
Scope of the Report
By Fuel
By Technology
By End-User
By Region
Key Reasons to Purchase this Report
Table of Content
Chapter 2 Our Research Practice
Chapter 4 Covid-19 Impact Analysis
4.3 Key Factor Impact Analysis
Chapter 5 Global Combined Heat and Power in Commercial Building Market Forces
5.2 Porter’s Five Forces Analysis
5.2.2 Threats From New Entrants
5.2.4 Threat From Substitute Product
Chapter 6 Global Combined Heat and Power in Commercial Building Market -Industry Snapshots
6.1.1 Global Combined Heat and Power in Commercial Building Market Value, 2019 – 2028, (US$ Bn)
6.2.2 Restraint/Challenges analysis
6.3 Supply Chain/Value Chain Analysis
Chapter 7 Global Combined Heat and Power in Commercial Building Market Analysis, by Fuel
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
8.2 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
9.2 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
10.2.1 Global Combined Heat and Power in Commercial Building Market Analysis, By Fuel, 2019 – 2028
10.3 Combined Heat and Power in Commercial Building Market – North America
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
10.4.8 Europe Market, By Technology
10.4.9 Europe market by, End User
10.5 Combined Heat and Power in Commercial Building Market – Asia Pacific
10.5.6 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
10.6.2 Middle East & Africa (MEA)
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
Chapter 12 Company Profiles- Snapshot
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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