Combined Heat & Power (CHP) Market

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 2020, 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 2020.

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.