North America CHP Market Size By Fuel (Natural Gas, Coal, Biomass), By End Use (Commercial [Educational Institution, District Energy, Office Building, Government/Military, Utility], Industrial [Chemical, Petroleum Refining, Food, Paper, Primary Metals]), By Capacity (5 MW – 20 MW, > 20 MW), By Technology (Combined Cycle, Steam Turbine, Gas Turbine , Reciprocating Engine), Industry Analysis Report, Country Outlook (U.S., Canada), Price Trends, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Aug 2020  |  Report ID: GMI4785  |  Authors: Ankit Gupta, Riya Gupta

Report Format: PDF   |   Pages: 179   |   Base Year: 2019




Summary Table of Contents Industry Coverage Methodology

Industry Trends

North America CHP Market size exceeded USD 490 million in 2019 and is estimated to surge at a rate of over 5% through 2026. Rising demand for captive power generation along with growing consumer inclination toward sustainable energy will drive the industry growth. Increasing concerns toward GHG emissions followed by improved efficiency, reliability and safety across cogeneration units will further propel the product adoption. Furthermore, ongoing public and private investments toward renewable technologies to minimize carbon footprint will fuel the industry outlook.
 

North America CHP Market

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North America CHP Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: 495.0 Million (USD)
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 5.5% 2026 Value Projection: 830.3 Million (USD)
Pages: 179 Tables, Charts & Figures: 236
Geographies covered (2): U.S., Canada
Segments covered: Fuel, End-Use, Capacity, Technology
Companies covered (16): Kawasaki Heavy Industries, Wärtsilä, Caterpillar, MAN Diesel & Turbo, Yanmar, Siemens, Veolia, ABB, Bosch Thermotechnology, GE, Cummins, MWM, Aegis Energy Services, ENER-G Rudox, BDR Thermea Group and 2G Energy AG.
Growth Drivers:
  • Reducing dependency on conventional coal fired plant
  • Stringent emission norms
  • Increasing demand for district heating
Pitfalls & Challenges:
  • Lack of grid infrastructure

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Government incentives & rebates across the combined heat and power industry will stimulate the business outlook

North America CHP Market

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Commercial application is estimated to witness growth on account of rising energy demand along with widespread adoption of smart district heating systems. Stringent infrastructure emission norms in line with increasing favorable incentives and state tax exemptions will augment the deployment of CHP facilities.
 

For instance, the Arizona Corporation Commission introduced energy and power equipment property tax exemption in 2018, including incentives, rebates and grants of USD 450/kW – USD 550/kW to commercial customers across CHP installation. The power and energy equipment tax exemption will help in replacing the conventional cogeneration systems with advanced technologies.
 

Refurbishment of conventional power generation plants will boost the industry outlook

Natural gas based North America CHP market is estimated to exceed USD 600 million by 2026. Refurbishment and replacement of existing energy generation plants coupled with declining unit cost owing to increasing hydrocarbon production will further strengthen the business scenario. Moreover, increasing product efficiency and low fuel consumption will push the industry portfolio.
 

Ongoing technological enhancement coupled with rising investments toward research & development activities will positively sway the North America CHP industry potential. For instance, ENER-G launched an innovative CHP technology ‘E-Power’ in 2018. This technology will improve the overall system performance and enhance the product portfolio by increasing its efficiency and minimizing maintenance cost.
 

 Moreover, introduction of government plans and schemes including various renewable energy programs and road transport fuel certificates will strengthen biomass combined heat and power plants demand across the region.
 

Paradigm shift toward district heating network and smart heating systems will strengthen the business outlook

Gas turbine technology-based CHP will witness growth on account of rising installation of natural gas fired systems subject to low carbon footprint along with paradigm shift toward smart heating networks. Refurbishment and replacement of traditional power generation units with efficient cogeneration plants will fuel the industry trends.
 

For instance, the U.S. government announced ambitious plan to minimize the GHG emission followed by abandonment of various coal plants by 2023. Ongoing low emission programs by state government will replace the coal fired power plants and increase the domestic renewable power generation ratio.
 

Easy configuration and effective design of combined cycle power plants will complement the product adoption across the manufacturing industries. Growing investment toward development of efficient district heating networks and integrated heat & electrical power generation plants will push the product adoption.
 

Ongoing technological advancement across CHP units will fuel the product portfolio

5 MW – 20 MW capacity segment of North America CHP market is anticipated to exceed USD 80 million by 2026. Increasing power consumption by commercial, industrial and utility establishments will positively stimulate the product deployment. In addition, growing demand for continuous and reliable power supply for operative manufacturing processes will complement the installation of CHP facilities. Ongoing adoption of renewable power consumption to minimize high sulfur fuels usage coupled with government policies pertaining to low GHG emissions will propel the combined heat and power industry statistics.
 

Ongoing technological enhancements across reciprocating engines to improve medium and large engines energy efficiency by 45% will complement the North America combined heat and power market outlook. In addition, growing inclination toward installation of biomass fueled systems along with increasing applicability of CHP units across colder regions will boost the product penetration.
 

The U.S. CHP market is set to witness a significant growth on account of stringent government norms towards GHG emissions & favorable regulatory policies

U.S. CHP Market Size, By Capacity, 2026 (USD Million)

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U.S. combined heat and power market exceeded USD 140 million in 2019. Favorable resiliency initiatives, state incentives, policies and CHP-inclined regulations are key measures which will drive the product adoption. For instance, the U.S. government in 2019 announced updated self-generation incentive program to increase the adoption of renewable fuels and enhance the minimum fuel mixture blend of by 50%.
 

In addition, ongoing replacement of coal generation power plants with low carbon footprint systems will augment the industry dynamics.
 

COVID-19 impact on the industry may affect the installation of CHP plants owing to delay in ongoing projects along with reduction in manufacturing processes. In addition, the demand for these plants may witness a marginal decline owing to the minimal on-site operations, supply chain interruptions. However, the region is focusing on over-compensating coronavirus impact by enhancing the operations as the prospect arises, in turn, leading to gradual business growth by second half of 2020.
 

Growing demand for reliable & efficient energy generation systems will fuel the industry dynamics

Rising decentralized energy generation demand coupled with widespread accessibility including broad range of designs & capacities will drive the North America CHP market trends. Cogeneration systems offers low operating costs, high product life, and high energy efficiency which will positively sway the product adoption. In addition, favorable regulatory norms including financial assistance, feed in tariff and tax rebates will fuel the industry landscape.
 

Increasing mergers and acquisitions by leading manufacturers to improve the market presence will thrust the business scenario. In 2018, GE Power announced the acquisition of Heat Recovery Steam Generators from Doosan Engineering & Construction for over USD 250 million. This acquisition will escalate the company’s market presence and increase the product quality.
 

Major players operating across the North America CHP market includes Kawasaki Heavy Industries, Wärtsilä, Caterpillar, MAN Diesel & Turbo, Yanmar, Siemens, Veolia, ABB, Bosch Thermotechnology, GE, Cummins, MWM, Aegis Energy Services, ENER-G Rudox, BDR Thermea Group and 2G Energy AG.
 

North America CHP market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD” from 2016 to 2026, for the following segments:

By Fuel

  • Natural Gas
  • Coal
  • Biomass
  • Others

By End Use

  • Commercial
    • Educational Institution
    • District Energy
    • Office Buildings
    • Government/Military
    • Utilities
    • Others
  • Industrial
    • Chemicals
    • Petroleum Refining
    • Food
    • Paper
    • Primary Metals
    • Others

By Capacity

  • 5 MW – 20 MW
  • > 20 MW

By Technology

  • Combined Cycle
  • Steam Turbine
  • Gas Turbine
  • Reciprocating Engine
  • Others

The above information has been provided for the following country:

  • North America
    • U.S
    • Canada

 

Frequently Asked Questions (FAQ) :

Strict emission norms pertaining to infrastructure and rising tax exemptions in North America will push commercial end-user segment in the regional CHP industry.
Natural gas based North America CHP market size may cross USD 600 million by 2026 owing to rising initiatives being undertaken for refurbishing and replacing current energy generation plants.
North America CHP market from 5 MW – 20 MW segment may surpass USD 80 million by 2026 owing to rising power consumption across industrial, utility, & commercial establishments and surging demand for uninterrupted power supply.
CHPs will depict hefty demand across U.S. subject to favorable state initiatives, policies, CHP-inclined regulations, and resiliency initiatives. U.S. market registered USD 140 million in 2019.

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Premium Report Details

  • Published Date: Aug 2020
  • Pages: 179
  • Tables: 204
  • Charts / Figures: 32
  • Companies covered: 16
  • Countries covered: 2

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