PUBLISHER: TechNavio | PRODUCT CODE: 1383183
PUBLISHER: TechNavio | PRODUCT CODE: 1383183
The combined heat and power market is forecasted to grow by USD 9346.68 mn during 2023-2028, accelerating at a CAGR of 6.29% during the forecast period. The report on the combined heat and power market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in consumption of energy globally, economic and environmental benefits, and favorable government regulations.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.01% |
CAGR | 6.29% |
Incremental Value | $9346.68mn |
Technavio's combined heat and power market is segmented as below:
By Product
By End-user
By Geographical Landscape
This study identifies the advancements in combined heat and power system technologies as one of the prime reasons driving the combined heat and power market growth during the next few years. Also, growing popularity for combined cooling, heat, and power (CCHP) and rise in integration of combined heat and power with smart grid technologies will lead to sizable demand in the market.
The report on the combined heat and power market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading combined heat and power market vendors that include ABB Ltd., Ameresco Inc., Capstone Green Energy Corp., Caterpillar Inc., Cummins Inc., FuelCell Energy Inc., General Electric Co., Helec Ltd., HoSt Holding B.V., Kawasaki Heavy Industries Ltd., Kraft Power Corp., Mitsubishi Heavy Industries Ltd., MTT bv, Robert Bosch GmbH, Rolls Royce Holdings Plc, Siemens Energy AG, Traton SE, Veolia Environnement SA, Wartsila Corp., and 2G Energy AG. Also, the combined heat and power market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Exhibits: