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The Need to Decarbonize the Grid and Obtain Sufficient Thermal Energy Drive CHP Solutions
28-Nov-2022
Global
Market Research
MGM5-01-00-00-00
EG02287-GL-MT_27169
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, Frost & Sullivan 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. Frost & Sullivan provides an in-depth look into the CHP market to enable stakeholders to capitalize on opportunities over the next eight years.
Author: Neha Tatikota
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™
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
Growth Restraints (continued)
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 and Annual Installed Capacity Forecast Analysis (continued)
Revenue Forecast Analysis by Region
Revenue Forecast Analysis by Region (continued)
Competitive Environment
Market Share of Gas Engines
Market Share of Gas Turbines
Market Share of Steam Turbines
Market Share Analysis
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
Revenue and Annual Installed Capacity Forecast Analysis (continued)
Revenue and Annual Installed Capacity Forecast Analysis (continued)
Revenue and Annual Installed Capacity Forecast Analysis (continued)
Revenue and Annual Installed Capacity Forecast Analysis (continued)
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
Revenue and Annual Installed Capacity Forecast Analysis (continued)
Revenue and Annual Installed Capacity Forecast Analysis (continued)
Revenue and Annual Installed Capacity Forecast Analysis (continued)
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
Revenue and Annual Installed Capacity Forecast Analysis (continued)
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
Revenue and Annual Installed Capacity Forecast Analysis (continued)
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
Revenue and Annual Installed Capacity Forecast Analysis (continued)
Growth Opportunity 1: Flexible Business Models and Solutions-as-a-Service to Enable Actionable Intelligence
Growth Opportunity 1: Flexible Business Models and Solutions-as-a-Service to Enable Actionable Intelligence (continued)
Growth Opportunity 2: Microgeneration Growth Will Render Macro Possibilities for CHP Installations
Growth Opportunity 2: Microgeneration Growth Will Render Macro Possibilities for CHP Installations (continued)
Growth Opportunity 3: Virtual Power Plants (VPPs) and Ability to Access Additional Grid Revenue
Growth Opportunity 3: Virtual Power Plants (VPPs) and Ability to Access Additional Grid Revenue (continued)
Growth Opportunity 4: Widespread Servicing Network
Growth Opportunity 4: Widespread Servicing Network (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
List of Exhibits (continued)
Legal Disclaimer
List of Figures
- CHP: Growth Metrics, Global, 2022
- CHP: Distribution Channel Analysis, Global, 2022
- CHP: Growth Drivers, Global, 2023–2030
- CHP: Growth Restraints, Global, 2023–2030
- CHP: Revenue and Annual Installed Capacity Forecast, Global, 2020–2030
- CHP: Revenue Forecast by Region, Global, 2020–2030
- CHP: Annual Installed Capacity Forecast by Region, Global, 2020–2030
- CHP: Annual Installed Capacity Forecast by Prime Mover, Global, 2020–2030
- CHP: Annual Installed Capacity Forecast by Application, Global, 2020–2030
- Gas Engines: Revenue Share of Top Participants, Global, 2022
- Gas Turbines: Revenue Share of Top Participants, Global, 2022
- Steam Turbines: Revenue Share of Top Participants, Global, 2022
- CHP: Growth Metrics, North America, 2022
- CHP: Revenue and Annual Installed Capacity Forecast, North America, 2020–2030
- CHP: Annual Installed Capacity Forecast by Prime Mover, North America, 2020–2030
- CHP: Annual Installed Capacity Forecast by Application, North America, 2020–2030
- Climate Disaster Impact, the United States, 2021
- CHP: Growth Metrics, Europe, 2022
- CHP: Revenue and Annual Installed Capacity Forecast, Europe, 2020–2030
- CHP: Annual Installed Capacity Forecast by Prime Mover, Europe, 2020–2030
- CHP: Annual Installed Capacity Forecast by Application, Europe, 2020–2030
- CHP: CHP Support Across EU Member States, Europe, 2022
- CHP: Growth Metrics, Asia-Pacific, 2020
- CHP: Annual Installed Capacity Forecast by Prime Mover, Asia-Pacific, 2020–2030
- CHP: Annual Installed Capacity Forecast by Application, Asia-Pacific, 2020–2030
- CHP: Growth Metrics, The Middle East and Africa, 2022
- CHP: Revenue and Annual Installed Capacity Forecast, The Middle East and Africa, 2020–2030
- CHP: Annual Installed Capacity Forecast by Prime Mover, The Middle East and Africa, 2020–2030
- CHP: Annual Installed Capacity Forecast by Application, The Middle East and Africa, 2020–2030
- CHP: Growth Metrics, South America, 2022
- CHP: Revenue and Annual Installed Capacity Forecast, South America, 2020–2030
- CHP: Annual Installed Capacity Forecast by Prime Mover, South America, 2020–2030
- CHP: Annual Installed Capacity Forecast by Application, South America, 2020–2030
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| Deliverable Type | Market Research |
|---|---|
| Author | Neha Tatikota |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| List of Charts and Figures | CHP: Growth Metrics, Global, 2022~ CHP: Distribution Channel Analysis, Global, 2022~ CHP: Growth Drivers, Global, 2023–2030~ CHP: Growth Restraints, Global, 2023–2030~ CHP: Revenue and Annual Installed Capacity Forecast, Global, 2020–2030~ CHP: Revenue Forecast by Region, Global, 2020–2030~ CHP: Annual Installed Capacity Forecast by Region, Global, 2020–2030~ CHP: Annual Installed Capacity Forecast by Prime Mover, Global, 2020–2030~ CHP: Annual Installed Capacity Forecast by Application, Global, 2020–2030~ Gas Engines: Revenue Share of Top Participants, Global, 2022~ Gas Turbines: Revenue Share of Top Participants, Global, 2022~ Steam Turbines: Revenue Share of Top Participants, Global, 2022~ CHP: Growth Metrics, North America, 2022~ CHP: Revenue and Annual Installed Capacity Forecast, North America, 2020–2030~ CHP: Annual Installed Capacity Forecast by Prime Mover, North America, 2020–2030~ CHP: Annual Installed Capacity Forecast by Application, North America, 2020–2030~ Climate Disaster Impact, the United States, 2021~ CHP: Growth Metrics, Europe, 2022~ CHP: Revenue and Annual Installed Capacity Forecast, Europe, 2020–2030~ CHP: Annual Installed Capacity Forecast by Prime Mover, Europe, 2020–2030~ CHP: Annual Installed Capacity Forecast by Application, Europe, 2020–2030~ CHP: CHP Support Across EU Member States, Europe, 2022~ CHP: Growth Metrics, Asia-Pacific, 2020~ CHP: Annual Installed Capacity Forecast by Prime Mover, Asia-Pacific, 2020–2030~ CHP: Annual Installed Capacity Forecast by Application, Asia-Pacific, 2020–2030~ CHP: Growth Metrics, The Middle East and Africa, 2022~ CHP: Revenue and Annual Installed Capacity Forecast, The Middle East and Africa, 2020–2030~ CHP: Annual Installed Capacity Forecast by Prime Mover, The Middle East and Africa, 2020–2030~ CHP: Annual Installed Capacity Forecast by Application, The Middle East and Africa, 2020–2030~ CHP: Growth Metrics, South America, 2022~ CHP: Revenue and Annual Installed Capacity Forecast, South America, 2020–2030~ CHP: Annual Installed Capacity Forecast by Prime Mover, South America, 2020–2030~ CHP: Annual Installed Capacity Forecast by Application, South America, 2020–2030~ |
| Podcast | No |
| WIP Number | MGM5-01-00-00-00 |