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Germany Combined Heat and Power Market Size, Share, Trends, Forecast: By Type: Gas Turbine, Steam Turbine, Reciprocating Engine, Others; By Fuel Type: Coal, Natural Gas, Renewables, Others; By Capacity: Up to 10 MW, 10 to 150 MW, 151 to 300 MW, Above 300 MW; By End Use: Industrial Sector, Others; Competitive Landscape; 2024-2032
Germany Combined Heat and Power Market Outlook
The Germany combined heat and power market size is projected to grow at a CAGR of 4.50% between 2024 and 2032. The market is expected to be propelled by the growing transition towards sustainable energy and the expansion of end-use sectors such as industrial and commercial.
Key Trends in the Market
Combined heat and power (CHP) refers to a type of technology that uses a single fuel method for generating power. It is an energy-efficient technique of producing electric and thermal energy at high efficiencies.
- The Germany combined heat and power market growth is being driven by the rapid development of state-of-the-art combined heat and power plants across Germany to enhance the sustainable production of electricity and reduce electricity price volatility.
- The introduction of favourable government initiatives to drive clean energy transition and lower greenhouse gas emissions is one of the crucial Germany combined heat and power market trends. Combined heat and power involves less burning of energy than several other technologies, which makes it a reliable and eco-friendly option.
- The growing expansion of various end-use sectors, including transportation and commercial, among others, in Germany is likely to generate higher demand for power and heat. Moreover, the increasing attempts to use sources like biomass, hydrogen, and biogas to generate electricity while enhancing the flexibility of electricity, heat, and gas networks are likely to fuel the Germany combined heat and power market demand in the forecast period.
Market Analysis
Based on type, the market is segmented into gas turbine, steam turbine, and reciprocating engine, among others. On the basis of fuel type, the market is classified into coal, natural gas, and renewables, among others.
By capacity, the market is divided into up to 10 MW, 10 to 150 MW, 151 to 300 MW, and above 300 MW. Based on end use, the Germany combined heat and power market segmentations include industrial sector, and commercial and transportation sector, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the Germany combined heat and power market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- General Electric Company
- Caterpillar Inc.
- Siemens AG
- Mitsubishi Heavy Industries, Ltd.
- Robert Bosch GmbH
- Capstone Green Energy Corporation
- Wärtsilä Corporation
- 2G Energy AG
- FuelCell Energy, Inc.
- TEDOM A.S.
- Others
Market Share by Fuel Type
Natural gas accounts for a significant portion of the Germany combined heat and power market share. This can be attributed to the lower price of natural gas compared to other fuels. It also offers ease of storage and transportation. Moreover, natural gas is a cleaner fuel compared to its counterparts. In this regard, favourable initiatives of the German government aimed at reducing greenhouse emissions are bolstering the segment’s growth.
Market Share by End Use
As per the Germany combined heat and power market analysis, the industrial sector is expected to witness a healthy growth in the forecast period. Combined heat and power is crucial in sectors such as pulp and paper for providing heat and power to facilitate various operations. In addition, CHP is used in the chemical sector to make use of the fuels and waste generated during the chemical processes, which is further propelling the segment’s growth.
Competitive Landscape
General Electric Company is a multinational company which offers energy equipment, catering to sectors such as aviation, power, and manufacturing, among others. The product portfolio of this company includes generators, steam turbines, and digital and control, among others.
Caterpillar Inc. is one of the largest construction and mining equipment manufacturers around the world. The company manufactures and sells natural gas engines, industrial turbines, and diesel engines, among others.
Siemens AG is a multinational technology company which was founded in 1847. With its headquarters in Munich, Germany, the company also provides services related to automation, electrification, and digitalisation.
Other Germany combined heat and power market players include Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, Capstone Green Energy Corporation, Wärtsilä Corporation, 2G Energy AG, FuelCell Energy, Inc., and TEDOM A.S., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Fuel Type |
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| Breakup by Capacity |
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| Breakup by End Use |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Combined Heat and Power Market Overview
8.1 Key Industry Highlights
8.2 Global Combined Heat and Power Historical Market (2018-2023)
8.3 Global Combined Heat and Power Market Forecast (2024-2032)
8.4 Global Combined Heat and Power Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Germany Combined Heat and Power Market Overview
9.1 Key Industry Highlights
9.2 Germany Combined Heat and Power Historical Market (2018-2023)
9.3 Germany Combined Heat and Power Market Forecast (2024-2032)
10 Germany Combined Heat and Power Market by Type
10.1 Gas Turbine
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Steam Turbine
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Reciprocating Engine
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Germany Combined Heat and Power Market by Fuel Type
11.1 Coal
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Natural Gas
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Renewables
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Germany Combined Heat and Power Market by Capacity
12.1 Up to 10 MW
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 10 to 150 MW
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 151 to 300 MW
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Above 300 MW
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
13 Germany Combined Heat and Power Market by End Use
13.1 Industrial Sector
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Commercial and Transportation Sector
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 General Electric Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Caterpillar Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Siemens AG
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mitsubishi Heavy Industries, Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Robert Bosch GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Capstone Green Energy Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Wärtsilä Corporation
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 2G Energy AG
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 FuelCell Energy, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 TEDOM A.S.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Combined Heat and Power Market: Key Industry Highlights, 2018 and 2032
2. Germany Combined Heat and Power Market: Key Industry Highlights, 2018 and 2032
3. Germany Combined Heat and Power Historical Market: Breakup by Type (USD Million), 2018-2023
4. Germany Combined Heat and Power Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Germany Combined Heat and Power Historical Market: Breakup by Fuel Type (USD Million), 2018-2023
6. Germany Combined Heat and Power Market Forecast: Breakup by Fuel Type (USD Million), 2024-2032
7. Germany Combined Heat and Power Historical Market: Breakup by Capacity (USD Million), 2018-2023
8. Germany Combined Heat and Power Market Forecast: Breakup by Capacity (USD Million), 2024-2032
9. Germany Combined Heat and Power Historical Market: Breakup by End Use (USD Million), 2018-2023
10. Germany Combined Heat and Power Market Forecast: Breakup by End Use (USD Million), 2024-2032
11. Germany Combined Heat and Power Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.50% between 2024 and 2032.
The rapid development of state-of-the-art combined heat and power plants across Germany and the rising demand for heat and power from the industrial sector are the major drivers of the market.
The key trends in the market include the growing expansion of various end-use sectors and green energy goals of Germany aimed towards reducing greenhouse gas emissions.
Gas turbine, steam turbine, and reciprocating engine, among others, are the different types of combined heat and power.
Coal, natural gas, and renewables, among others, are the major fuel types used in combined heat and power.
The various capacities of combined heat and power are up to 10 MW, 10 to 150 MW, 151 to 300 MW, and above 300 MW.
Industrial sector and commercial and transportation sector, among others, the several end uses of combined heat and power.
General Electric Company, Caterpillar Inc., Siemens AG, Mitsubishi Heavy Industries, Ltd., Robert Bosch GmbH, Capstone Green Energy Corporation, Wärtsilä Corporation, 2G Energy AG, FuelCell Energy, Inc., and TEDOM A.S., among others, are the key market players.
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