Growing support through subsidies and implementation of favourable policies for promoting cogeneration is likely to drive the demand for combined heat & power (CHP) installations across the globe.
Global top 5 players in combined heat & power (CHP) market includes: Siemens AG, GE, Wartsila Corporation, 2G Energy AG, and Generac
In 2025, Europe constituted 39% of the global combined heat & power (CHP) market. In terms of CAGR, Asia Pacific remains the most lucrative markets for combined heat & power (CHP) installations.
In terms of fuel type, natural gas segment constituted more than 45% of the global combined heat & power (CHP) market in 2025.
The current pandemic is impacting clean energy sectors across the country, including the CHP industry. CHP market was hampered due to unavailability of equipment/components. High dependency on Chinese equipment/components resulted in delays in procurement owing to trade restrictions with China.
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