Combined Heat And Power (CHP) Market Growth, Share | 2022-27

 

Market Overview:

During the forecast period, 2022–2027, the combined heat and power market is anticipated to grow at a CAGR of more than 7.5%. Due to lockdowns being implemented to contain the COVID-19 pandemic, which led to the closure of commercial and industrial facilities, there was a decrease in the demand for combined heat and power systems. A decrease in discretionary spending brought on by the pandemic further impacted the market.

The number of combined heat and power plant installations worldwide is anticipated to increase due to a number of factors, including the favourable outlook for natural gas supply and price, increased energy efficiency, and environmental regulatory pressures on power plants and industrial boilers, among others. The combined heat and power market in the United Kingdom will face significant challenges during the forecast period despite years of effort to remove technical and regulatory obstacles and encourage wider adoption of combined heat and power. These obstacles include significant initial capital investment, grid interconnection, and many others.

Scope of the Report

The combined heat and power market report includes:

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