Combined Heat & Power Market 2018 Studies, Insights by
Experts, Forecast till 2023
The report "Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW,
>300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End -User
(District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023",
The global CHP market is estimated to reach USD 20.69 Billion in 2018 and is projected to reach
USD 27.01 Billion by 2023, at a CAGR of 5.48%, during the forecast period. The market is set to
grow due to the increasing demand for energy efficiency and government incentives and
programs to promote CHP.
Browse 77 market data Tables and 35 Figures spread through 138 Pages and in-depth TOC
on "Combined Heat & Power Market by Capacity (>10 MW, 10-150 MW, 151-300 MW,
>300 MW), Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell), End-User
(District Energy, Residential, On-Site Industrial & Commercial) - Global Forecast to 2023"
https://www.marketsandmarkets.com/Market-Reports/combined-heat-power-market-
26572447.html
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The Above 300 MW segment is expected to hold the largest share of the combined heat &
power market, by capacity, during the forecast period.
The Above 300 MW segment consists of large coal, nuclear, or natural gas fired power plants,
with gas turbines and steam turbines as the prime movers. The segment caters mainly to the
utilities, district heating & cooling end-users. The segment is expected to be driven by the rising
adoption of natural gas fired power generation in the Asia Pacific region, particularly in China
and South Korea. The phasing out of coal-based power generation has given rise to large-scale
natural gas-fired cogeneration plants. The rapid demand for heat and steam in industries and
requirement of municipal district heating & cooling is driving the growth in this segment. The
shale gas boom in North America is another driving factor for growth in this segment, with
utility-scale natural gas fired power plants being set up in the region.
The utilities, district heating & cooling segment is expected to dominate the combined
heat & power market, by end-user, in 2018.
The utilities, district heating & cooling segment refers to the supply of thermal energy generated
at a central facility for applications such as space heating or water heating, steam provision