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Europe Combined Heat And Power (CHP) Market Size By Fuel (Natural Gas, Coal, Biomass), By End Use (Residential [Space Heating/Cooling, Water Heating, Cooking, Lighting], Commercial [Educational Institution, District Energy, Office Building, Government/Military], Industrial [Chemical, Petroleum Refining, Food, Paper, Primary Metals]), By Capacity (1 kW – 0.5 MW, 0.5MW – 5MW, Above 5 MW), By Technology (Combined Cycle, Steam Turbine, Gas Turbine , Reciprocating Engine), Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: March 2020 | Publisher: Graphical Research Report ID: GR1328 | Delivery : PDF

Growing need for decentralized power generation coupled with greater consumer preference for sustainable energy is set to propel the Europe Combined Heat And Power (CHP) Market Value. Rising concerns pertaining to GHG emissions in line with enhanced safety, efficiency and reliability across cogeneration systems is anticipated to augment the product demand. Moreover, rising investments toward renewable technologies to limit the carbon footprint will drive the industry landscape.

Commercial is projected to grow owing to expanding energy demand along with extensive penetration of district heating systems. Introduction of strict infrastructure emission guidelines coupled with rising financial incentives will enhance the system deployment. For instance, in 2015, the European Union, as part of Clean energy for all Europeans package, introduced targets to achieve over 30% energy efficiency by 2030.

Natural gas is projected to grow on account of refurbishing & retrofitting of old power plants coupled with declining costs owing to expanding hydrocarbon production. Minimal fuel consumption, simple operation and increased efficiency are the key features augmenting the industry scenario. Moreover, applicability of cogeneration plants across commercial and industrial sectors to achieve low carbon footprint along with the global emission reduction targets will strengthen the business scenario.

Escalating demand for district cooling and heating systems owing to changing climatic conditions is set to drive the Germany market share. Competitive gas rates, highly efficient technology and minimal operating costs are few of the major factors positively impacting the product installation. Increasing demand for captive power generation along with extensive accessibility with broad range of capacities and designs will further strengthen the business outlook.

Enhanced power consumption across commercial, utility and industrial sectors facilitated by rapid urbanization is set to boost the 0.5 MW – 5 MW market share. Growing need for reliable & uninterrupted power supply across various manufacturing processes will boost the system installation. In addition, shifting focus toward clean energy use over conventional fuels coupled with government mandates to lower carbon emissions is projected to complement the product deployment.

CHP will witness growth on account of ongoing technological developments across reciprocating engines to increase engine efficiency by 30%-45%. Improved reliability, decreased maintenance requirement, better fuel-efficiency and low exhaust emissions are the key parameters driving the business outlook. Furthermore, rising focus toward biomass fueled plants coupled with growing demand for CHP across colder areas will strengthen the product deployment.

Companies are involved in mergers & acquisitions, joint ventures and partnerships with international and regional vendors to build growth opportunities. Major players included in the Europe Combined Heat And Power (CHP) Market are MAN Energy Solutions, Wartsila, Mitsubishi, ABB, Yanmar, 2G Energy, General Electric, Aegis Energy, Caterpillar, Bosch Thermotechnology, ENER-G Rudox, Kawasaki, Fuel Cell Energy, Cummins, Viessmann Werke, BDR Thermea, Veolia, Siemens, and MWM amongst others.

Frequently Asked Question(FAQ) :

Growing need for decentralized power generation coupled with greater consumer preference for sustainable energy is set to propel the Europe Combined Heat And Power (CHP) Market Value.
Segmentation of Europe Combined Heat And Power (CHP) Market is done on basis of Fuel, End-Use, Capacity, Technology & Country.
Major players included in the Europe Combined Heat And Power (CHP) Market are MAN Energy Solutions, Wartsila, Mitsubishi, ABB, Yanmar, 2G Energy, General Electric, Aegis Energy, Caterpillar, Bosch Thermotechnology, ENER-G Rudox, Kawasaki, Fuel Cell Energy, Cummins, Viessmann Werke, BDR Thermea, Veolia, Siemens, and MWM amongst others.

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Europe Combined Heat And Power (CHP) Market Trends 2026 | Outlook


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