Combined Heat Power Market Size, Competitor Ranking Analysis, Market Trend Forecast Report 2025-2031 – openPR.com

Global Combined Heat and Power (CHP) Market Report: Advancing Sustainable Development Goals

A comprehensive analysis of the Global Combined Heat and Power (CHP) market reveals significant growth, directly contributing to the achievement of several United Nations Sustainable Development Goals (SDGs). The market is projected to reach a valuation of USD 24,170 million by 2031, expanding at a Compound Annual Growth Rate (CAGR) of 3.0%. This growth underscores a global shift towards more efficient and sustainable energy systems.

Market Projections and Contribution to SDG 7 and SDG 13

The forecasted expansion of the CHP market is a critical indicator of progress towards SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action). By capturing and utilizing heat that would otherwise be wasted during electricity generation, CHP systems significantly increase energy efficiency and reduce greenhouse gas emissions.

Key Market Forecasts (2020-2031)

• Global Market Size: Projected to reach USD 24,170 million by 2031.
• Growth Rate: A steady CAGR of 3.0% over the analysis period.
• Metrics Analyzed: Consumption value, sales quantity, and average selling prices.

Market Segmentation and Alignment with SDG 9 and SDG 11

The report segments the CHP market by type and application, highlighting its versatile role in fostering sustainable infrastructure and communities. This aligns with SDG 9 (Industry, Innovation, and Infrastructure) by promoting resource-efficient industrialization and SDG 11 (Sustainable Cities and Communities) by providing cleaner energy for urban environments.

Segmentation by Type

• Large Scale CHP
• Small Scale CHP
• Micro Scale CHP

Segmentation by Application

• Industrial: Enhancing energy efficiency and competitiveness in manufacturing, supporting sustainable industrialization (SDG 9).
• Commercial: Providing reliable and cleaner power and heat for businesses, contributing to sustainable economic growth.
• Residential: Improving energy access and reducing the carbon footprint of communities (SDG 11).

Regional Analysis and Competitive Landscape

A detailed regional and country-level analysis examines how government policies, economic conditions, and infrastructure development are driving CHP adoption. The competitive landscape is characterized by key industry players innovating to meet the growing demand for sustainable energy solutions.

Report Objectives

1. To determine the total market opportunity across global and key national markets.
2. To assess the growth potential for Combined Heat and Power technology.
3. To forecast future growth in each product and end-use market segment.
4. To assess competitive factors, including market drivers, restraints, and opportunities, that influence the marketplace and its alignment with sustainability targets.

Major Players Driving Innovation

The market is led by companies committed to advancing energy technology, thereby supporting global sustainability efforts. Key players profiled include:

• Siemens
• BOSCH THERMOTECHNIK
• GE
• E.ON
• ABB
• 2G Energy
• BDR Thermea Group
• Caterpillar
• Centrica
• CAPSTONE TURBINE CORP.
• DOOSAN FUEL CELL AMERICA

Analysis of Sustainable Development Goals in the Article

1. Which SDGs are addressed or connected to the issues highlighted in the article?

1. SDG 7: Affordable and Clean Energy
   • The article focuses on the market for Combined Heat and Power (CHP), a technology that significantly improves energy efficiency by capturing and using waste heat from electricity generation. This directly supports the goal of ensuring access to affordable, reliable, sustainable, and modern energy for all.
2. SDG 9: Industry, Innovation and Infrastructure
   • CHP systems represent an upgrade to industrial infrastructure, making processes more resource-efficient and sustainable. The article’s analysis of the CHP market, including its application in the “Industrial” sector, connects directly to building resilient infrastructure and fostering sustainable industrialization.
3. SDG 11: Sustainable Cities and Communities
   • The article mentions “Residential” and “Commercial” applications for CHP. Implementing efficient energy systems like CHP in urban areas helps make cities more sustainable by reducing energy consumption and the associated environmental impact.
4. SDG 13: Climate Action
   • By increasing energy efficiency, CHP technology reduces the amount of fuel required to generate electricity and heat, thereby lowering greenhouse gas emissions. The growth of the CHP market, as detailed in the article, is an important measure in combating climate change. The article also notes that the market is influenced by “government policies and regulations,” which often include climate action strategies.

2. What specific targets under those SDGs can be identified based on the article’s content?

1. Target 7.3: By 2030, double the global rate of improvement in energy efficiency.
   • The entire article is about the market growth of CHP, a key technology for energy efficiency. The forecast that “the global Combined Heat Power market size will reach USD 24170 million in 2031, growing at a CAGR of 3.0%” directly reflects an increasing investment in and adoption of energy-efficient solutions, contributing to this target.
2. Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and processes.
   • The report’s analysis of the CHP market segment by “Application: Residential, Commercial, Industrial” shows the technology’s role in upgrading infrastructure across sectors. The growth in the industrial application of CHP points to the retrofitting of industries with more efficient and cleaner technology.
3. Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities.
   • The article identifies “Residential” and “Commercial” sectors as key application areas for CHP. The adoption of CHP in buildings and businesses within cities improves energy efficiency, reduces emissions, and thus helps lower the overall environmental footprint of urban areas.
4. Target 7.a: By 2030, enhance international cooperation to facilitate access to clean energy research and technology… and promote investment in energy infrastructure and clean energy technology.
   • The market report itself, which analyzes the “global Combined Heat Power market” by “region and country,” serves as a tool for international information sharing. The projected market growth indicates significant ongoing and future investment in this clean energy technology.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

1. Market Size and Growth Rate
   • The article explicitly states the “global Combined Heat Power market size will reach USD 24170 million in 2031” and is “growing at a CAGR of 3.0%.” This financial metric serves as a powerful proxy indicator for the rate of adoption of energy-efficient technologies, directly measuring progress towards Target 7.3.
2. Sales Quantity
   • The report analyzes “sales quantity (K Units).” This metric can be used as a direct indicator of the deployment of CHP systems in industrial, commercial, and residential settings, reflecting the upgrading of infrastructure as per Target 9.4 and Target 11.6.
3. Investment and Market Share
   • The article discusses “consumption value,” “market share of main players,” and “investment in energy infrastructure.” These data points act as indicators of the financial commitment and market penetration of CHP technology, which is crucial for achieving targets related to clean energy investment (Target 7.a) and sustainable industrialization (Target 9.4).

4. Summary Table of SDGs, Targets, and Indicators

Source: openpr.com