On-Grid Combined Heat and Power Market size is estimated to be USD 18.5 Billion in 2024 and is expected to reach USD 30.2 Billion by 2033 at a CAGR of 5.4% from 2026 to 2033.
The global On Grid Combined Heat and Power (CHP) market was valued at approximately USD 13.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.8% from 2022 to 2030. This market growth is driven by increasing demand for efficient and sustainable energy solutions, as well as growing concerns regarding carbon emissions and energy security. On grid CHP systems are particularly favored for their ability to deliver both electricity and thermal energy with higher efficiency, making them a viable alternative to conventional power generation. The integration of smart grid technologies and favorable government policies supporting cleaner energy infrastructure further propels the market growth across the industrial, commercial, and residential sectors.
Regionally, Europe held the dominant share of the On Grid CHP market in 2022, accounting for over 38% of the global revenue due to stringent energy efficiency regulations and significant investment in decentralized power systems. Germany, the UK, and the Netherlands are leading adopters in this region. Asia Pacific is poised to witness the fastest growth during the forecast period, with a projected CAGR of over 6.4%, fueled by rapid urbanization, rising energy demand, and supportive regulatory frameworks in countries like China, Japan, and South Korea. North America also holds a significant market share, driven by the modernization of aging power infrastructure and emphasis on reducing carbon footprints. Opportunities in the market are emerging through increasing deployment in district heating networks, advancements in fuel flexibility, and integration with renewable energy sources such as biogas and hydrogen, positioning CHP systems as a core component of the future decentralized energy ecosystem.
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BDR Thermea Group
Dantherm Power
Microgen Engine Corporation Holding B.V.
Qnergy
Senertec Kraft-Warme-Energiesysteme Gmbh (Senertec)
Viessmann Group
Whisper Tech Limited
Cogen Microsystems
Ceres Power Holdings PLC
Yanmar Co. Ltd.
Zeppelin Power Systems
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global On-Grid Combined Heat and Power Market
Microturbines
Gas Engines
Steam Turbines
Fuel Cells
Reciprocating Engines
Natural Gas
Biodiesel
Biomass
Propane
Diesel
Healthcare
Manufacturing
Food and Beverage
Hospitality
Education
Small Scale (up to 100 kW)
Medium Scale (100 kW to 1 MW)
Large Scale (1 MW and above)
Commercial Scale
Cogeneration for Industrial Process Heat
Residential Heating and Power Supply
District Heating Systems
Backup Power Systems
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global On-Grid Combined Heat and Power Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global On-Grid Combined Heat and Power Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global On-Grid Combined Heat and Power Market, By Type
6. Global On-Grid Combined Heat and Power Market, By Application
7. Global On-Grid Combined Heat and Power Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global On-Grid Combined Heat and Power Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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