Market Overview

The Global On-Grid Combined Heat & Power Market was valued at USD 29,795.0 million in 2023 and is expected to reach USD 46,776.6 million by 2031 while growing at a CAGR of 5.8% during the forecast period (2024-2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global on-grid combined heat & power market growth. On-Grid Combined Heat and Power (CHP), or cogeneration, is an efficient energy generation method that produces electricity and useful heat simultaneously from a single source. It operates within a connected power grid, exporting excess electricity when on-site demand is surpassed.

Increasing energy efficiency and cost savings, along with the expansion of industrial and commercial activities, particularly in economically growing regions, propel the growth of the on-grid CHP market. Nonetheless, obstacles like high initial investment costs and system integration complexity may impede market expansion.

Furthermore, the global on-grid combined heat & power industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Application Analysis

The Global On-Grid Combined Heat & Power Market is segmented among Utilities, Commercial and Industrial, and Residential, based on Application. In 2023, Utilities accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Fuel Type Analysis

The Global On-Grid Combined Heat & Power Market is segmented among Natural Gas, Coal, Oil, Biomass, and Other Fuel Types, based on Fuel Type. In 2023, Biomass accounted for the majority of the market share*.

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global On-Grid Combined Heat & Power Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

 *Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are General Electric Company, Kawasaki Heavy Industries Ltd, Bosch Thermotechnology GmbH, Viessmann Werke, Centrica PLC, Seimens AG, Wartsila Oyj Abp, MAN Diesel & Turbo SE, Caterpillar Inc., Mitsubishi Electric Corporation, and FuelCell Energy Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global On-Grid Combined Heat & Power Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global On-Grid Combined Heat & Power Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global On-Grid Combined Heat & Power Market Segmentation, By Application

• Global On-Grid Combined Heat & Power Market Share Analysis, By Application

• Global On-Grid Combined Heat & Power Market Growth Analysis, By Application

• Global On-Grid Combined Heat & Power Market Trends, By Application

o Utilities

o Commercial and Industrial

o Residential

6. Global On-Grid Combined Heat & Power Market Segmentation, By Fuel Type

• Global On-Grid Combined Heat & Power Market Share Analysis, By Fuel Type

• Global On-Grid Combined Heat & Power Market Growth Analysis, By Fuel Type

• Global On-Grid Combined Heat & Power Market Trends, By Fuel Type

o Natural Gas

o Coal

o Oil

o Biomass

o Other Fuel Types

7. Global On-Grid Combined Heat & Power Market Segmentation, By Region

• Global On-Grid Combined Heat & Power Market Share Analysis, By Region

• Global On-Grid Combined Heat & Power Market Growth Analysis, By Region

• Global On-Grid Combined Heat & Power Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• General Electric Company*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Kawasaki Heavy Industries Ltd

• Bosch Thermotechnology GmbH

• Viessmann Werke

• Centrica PLC

• Siemens AG

• Wartsila Oyj Abp

• MAN Diesel & Turbo SE

• Caterpillar Inc.

• Mitsubishi Electric Corporation

• FuelCell Energy Inc

 *Similar analysis will be provided for each company listed above.