Commercial Combined Heat and Power System Market

Combined heat and power (CHP) is a highly efficient process that captures and utilizes the heat that is a by-product of the electricity generation process. By generating heat and power simultaneously, CHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation via a boiler and power station.

The heat generated during this process is supplied to an appropriately matched heat demand that would otherwise be met by a conventional boiler. CHP systems are highly efficient, making use of the heat which would otherwise be wasted when generating electrical or mechanical power. This allows heat requirements to be met that would otherwise require additional fuel to be burnt.

For many organizations, CHP is the measure that offers the most significant single opportunity to reduce energy costs and to improve environmental performance with existing users of CHP typically saving around 20% of their energy costs.

Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. Commercial Combined Heat and Power System Market studies the Commercial Combined Heat and Power (CHP) System market, mainly used in the residential, service sector and others.

Commercial Combined Heat and Power System Market contains market size and forecasts of Commercial Combined Heat and Power (CHP) System in global, including the following market information:

Global Commercial Combined Heat and Power (CHP) System Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global Commercial Combined Heat and Power (CHP) System Market Sales, 2017-2022, 2023-2028, (MW)

Global top five Commercial Combined Heat and Power (CHP) System companies in 2021 (%)

The global Commercial Combined Heat and Power (CHP) System market was valued at 3424.3 million in 2021 and is projected to reach US$ 5391.4 million by 2028, at a CAGR of 6.7% during the forecast period.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Large Scale CHP Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of Commercial Combined Heat and Power (CHP) System include Siemens, BOSCH THERMOTECHNIK, GE, E.ON, ABB, 2G Energy, BDR Thermea Group, Caterpillar and Centrica, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Commercial Combined Heat and Power (CHP) System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Commercial Combined Heat and Power (CHP) System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Commercial Combined Heat and Power (CHP) System Market Segment Percentages, by Type, 2021 (%)

Large Scale CHP

Small Scale CHP

Micro Scale CHP

Global Commercial Combined Heat and Power (CHP) System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Commercial Combined Heat and Power (CHP) System Market Segment Percentages, by Application, 2021 (%)

Office Buildings

Service Sector

Others

Global Commercial Combined Heat and Power (CHP) System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)

Global Commercial Combined Heat and Power (CHP) System Market Segment Percentages, By Region and Country, 2021 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Commercial Combined Heat and Power (CHP) System revenues in global market, 2017-2022 (Estimated), ($ millions)

Key companies Commercial Combined Heat and Power (CHP) System revenues share in global market, 2021 (%)

Key companies Commercial Combined Heat and Power (CHP) System sales in global market, 2017-2022 (Estimated), (MW)

Key companies Commercial Combined Heat and Power (CHP) System sales share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

Siemens

BOSCH THERMOTECHNIK

GE

E.ON

ABB

2G Energy

BDR Thermea Group

Caterpillar

Centrica

CAPSTONE TURBINE CORP.

DOOSAN FUEL CELL AMERICA

Edina

Ameresco

Exelon

E3 NV