Enjoy complimentary customisation on priority with our Enterprise License!
The combined heat and power market size is forecast to increase by USD 9.35 billion at a CAGR of 6.29% between 2023 and 2028. Factors like the electrification of heating and transport, the digitalization of economies, and increasing income levels are fueling the escalating demand for energy worldwide. Notably, China and India are anticipated to make substantial contributions to this growth trajectory. However, the market faces challenges, including the high costs associated with combined heat and power units and non-economic barriers hindering the uptake of such systems, including micro CHP. Additionally, the lack of standards in CHP systems poses a significant obstacle. Navigating these challenges demands strategic initiatives aimed at addressing cost concerns, overcoming non-economic barriers, and establishing standardized practices to foster the widespread adoption of combined heat and power systems. Concurrently, the integration of renewable heat sources and energy efficiency measures is shaping market trends. Combined heat and power integrated with smart grid technologies, including smart grid IT systems, offer opportunities for enhanced efficiency and cost savings.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.