Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Research Reports > Sales of Industrial 60 MW Combined Heat and Power (CHP) Systems Is Estimated to be Valued at US$ 26 Bn by the End of the Forecast Period (2020-2030)
    Research Reports

    Sales of Industrial 60 MW Combined Heat and Power (CHP) Systems Is Estimated to be Valued at US$ 26 Bn by the End of the Forecast Period (2020-2030)

    Published by FACT MR

    Posted on September 13, 2021

    12 min read

    Last updated: January 21, 2026

    An illustration of 3D scanning technology highlights its increasing use in various industries, particularly healthcare, where it aids in creating prosthetics and modeling body organs. This image represents the expanding 3D scanners market projected to reach US$ 10 Bn by 2030.
    3D scanning technology showcasing commercial applications in healthcare and industry - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Table of Contents

    • Key Segments of CHP Systems Market
    • Key Takeaways from CHP Systems Market Study
    • Industry Players Focusing on Strategic Agreements to Stimulate Growth
    • Find More Valuable Insights on Combined Heat and Power Systems Market
    • About the Industrial Division at Fact.MR
    • Key Segments of CHP Systems Market
    • Key Takeaways from CHP Systems Market Study
    • Industry Players Focusing on Strategic Agreements to Stimulate Growth

    Presently, the global combined heat and power (CHP) systems market is witnessing a downturn, as the demand for this equipment is directly linked to the growth of the industrial, commercial, and residential sectors. Growing concerns regarding the COVID-19 pandemic have affecting ongoing projects that have been stalled, which is impacting the delivery of CHP systems. However, continuous development of a comprehensive range of cogeneration prime mowers such as gas turbines, gas engines, and steam turbine systems for several industries is anticipated to aid market growth. Further, the combined heat and power systems market in developing Asian countries is expected to gain significant traction due to the development of new technologies and products that reduce environmental burden. This, in turn, is anticipated to create significant opportunities for the combined heat and power systems market by the end of 2030.

    As per Fact.MR analysis, the global sales of combined heat and power systems is estimated to be valued at US$ 26 Bn by the end of the forecast period (2020-2030).

    Click HERE To get a SAMPLE  (Including Full TOC, Table & Figures) at

    https://www.factmr.com/connectus/sample?flag=S&rep_id=4971

    Key Segments of CHP Systems Market

    Fact.MR’s study on the combined heat and power systems market offers information divided into five key segments – product, fuel, prime mower, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

    Product

    • Up to 30 MW
    • 30 MW to 60 MW
    • Above 60 MW

    Fuel

    • Natural Gas
    • Coal
    • Biomass
    • Other Renewable Resources

    Prime Mower

    • Gas Turbines
    • Steam Turbines
    • Gas Engines
    • Fuel Cells

    Need more information about Report Methodology? Click

    https://www.factmr.com/connectus/sample?flag=RM&rep_id=4971

    Application

    • Industrial
    • Residential
    • Commercial

    Region

    • RegionNorth America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa (MEA)

    combined heat and power chp systems market analysis by application

    Key Takeaways from CHP Systems Market Study

    • Under the impact of COVID-19, the global combined heat and power systems market is expected to create an absolute $ opportunity of more than US$ 8 Bn, and is expected to expand at a value CAGR of around 4% during the forecast period.
    • By product, 30 MW to 60 MW CHP systems will account for 59% of the overall demand pie in 2020, and are foreseen to surpass a market valuation of US$ 14 Bn by the end of 2030.
    • By prime mower, gas turbines are projected to progress at a value CAGR of around 4%, and are expected to be valued 1.8X more than steam turbines by the end of 2030.
    • By fuel type, natural gas is projected to account for 62% of the total sales in 2020, and is anticipated to create an absolute $ opportunity of more than US$ 5 Bn during the forecast period.
    • The CHP systems market in Europe is projected to be valued 1.5X more than North America. However, East Asia is estimated to account for a major chunk of demand by the end of the forecast period.
    • By application, the industrial segment is projected to surpass a market valuation of US$ 13 Bn by the end of 2030, and is anticipated to expand at a value CAGR of around 3% over the forecast period.

    “The downtrend witnessed in end-use industries amid the COVID-19 pandemic is anticipated to decelerate the demand for CHP systems in the near future. However, the long-term outlook for the CHP systems market remains positive across the world, owing to the need for reduction in carbon emissions and improved power generation in industries,”says a Fact.MR analyst.

    Full Access of this Exclusive Report is Available at-

    https://www.factmr.com/checkout/4971

    Industry Players Focusing on Strategic Agreements to Stimulate Growth

    Key players in the combined heat and power systems market are Siemens AG, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Marubeni Corporation, Caterpillar Inc., General Electric, Veolia Group, and Fluor Corporation, among others. These prominent players are continuously focusing on entering into agreements with several clients to expand their global footprints. With such agreements, companies are focusing on broadening their customer base and gaining a competitive edge over other players. For instance,

    • In 2019, Mitsubishi signed an agreement with China-based paper manufacturing company Lee & Man Paper Manufacturing Ltd. for the supply of H-25 gas turbines. These units will be utilized as the core equipment of natural gas-fired cogeneration systems.
    • In 2019, Siemens signed a cooperation agreement in Sweden to test renewable fuel at the Rya CHP plant located in the energy port of Gothenburg Energi. With this agreement, the company will verify the viability of several different renewable fuels, such as hydrogen, on a larger scale, first in Sweden, and then in other parts of the world.

    Find More Valuable Insights on Combined Heat and Power Systems Market

    Fact.MR, in its new offering, brings to fore an unbiased analysis of the global combined heat and power systems market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the CHP systems market based on product (up to 30 MW, 30 MW – 60 MW, and above 60 MW), fuel (natural gas, coal, biomass, and other renewable resources), prime mower (gas turbines, steam turbines, gas engines, and fuel cells), and application (industrial, residential, and commercial), across six regions.

    For More Insights

    https://www.accesswire.com/630509/Adoption-of-Appointment-Scheduling-Software-Growing-Healthcare-Leads-the-Rally-FactMR

    About the Industrial Division at Fact.MR

    Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed industrial good industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

    About Fact.MR
    Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
    Reach out to us with your goals, and we’ll be an able research partner.

    Contact:
    US Sales Office:
    11140 Rockville Pike
    Suite 400
    Rockville, MD 20852
    United States
    Tel: +1 (628) 251-1583

    Corporate Headquarter:
    Unit No: AU-01-H Gold Tower (AU),
    Plot No: JLT-PH1-I3A,
    Jumeirah Lakes Towers,
    Dubai, United Arab Emirates
    E: sales@factmr.com
    Website: https://www.factmr.com

    The post Sales of Industrial 60 MW Combined Heat and Power (CHP) Systems Is Estimated to be Valued at US$ 26 Bn by the End of the Forecast Period (2020-2030) appeared first on The Cloud Tribune.

    Presently, the global combined heat and power (CHP) systems market is witnessing a downturn, as the demand for this equipment is directly linked to the growth of the industrial, commercial, and residential sectors. Growing concerns regarding the COVID-19 pandemic have affecting ongoing projects that have been stalled, which is impacting the delivery of CHP systems. However, continuous development of a comprehensive range of cogeneration prime mowers such as gas turbines, gas engines, and steam turbine systems for several industries is anticipated to aid market growth. Further, the combined heat and power systems market in developing Asian countries is expected to gain significant traction due to the development of new technologies and products that reduce environmental burden. This, in turn, is anticipated to create significant opportunities for the combined heat and power systems market by the end of 2030.

    As per Fact.MR analysis, the global sales of combined heat and power systems is estimated to be valued at US$ 26 Bn by the end of the forecast period (2020-2030).

    Click HERE To get a SAMPLE  (Including Full TOC, Table & Figures) at

    https://www.factmr.com/connectus/sample?flag=S&rep_id=4971

    Key Segments of CHP Systems Market

    Fact.MR’s study on the combined heat and power systems market offers information divided into five key segments – product, fuel, prime mower, application, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.

    Product

    • Up to 30 MW
    • 30 MW to 60 MW
    • Above 60 MW

    Fuel

    • Natural Gas
    • Coal
    • Biomass
    • Other Renewable Resources

    Prime Mower

    • Gas Turbines
    • Steam Turbines
    • Gas Engines
    • Fuel Cells

    Need more information about Report Methodology? Click

    https://www.factmr.com/connectus/sample?flag=RM&rep_id=4971

    Application

    • Industrial
    • Residential
    • Commercial

    Region

    • RegionNorth America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa (MEA)

    combined heat and power chp systems market analysis by application

    Key Takeaways from CHP Systems Market Study

    • Under the impact of COVID-19, the global combined heat and power systems market is expected to create an absolute $ opportunity of more than US$ 8 Bn, and is expected to expand at a value CAGR of around 4% during the forecast period.
    • By product, 30 MW to 60 MW CHP systems will account for 59% of the overall demand pie in 2020, and are foreseen to surpass a market valuation of US$ 14 Bn by the end of 2030.
    • By prime mower, gas turbines are projected to progress at a value CAGR of around 4%, and are expected to be valued 1.8X more than steam turbines by the end of 2030.
    • By fuel type, natural gas is projected to account for 62% of the total sales in 2020, and is anticipated to create an absolute $ opportunity of more than US$ 5 Bn during the forecast period.
    • The CHP systems market in Europe is projected to be valued 1.5X more than North America. However, East Asia is estimated to account for a major chunk of demand by the end of the forecast period.
    • By application, the industrial segment is projected to surpass a market valuation of US$ 13 Bn by the end of 2030, and is anticipated to expand at a value CAGR of around 3% over the forecast period.

    “The downtrend witnessed in end-use industries amid the COVID-19 pandemic is anticipated to decelerate the demand for CHP systems in the near future. However, the long-term outlook for the CHP systems market remains positive across the world, owing to the need for reduction in carbon emissions and improved power generation in industries,”says a Fact.MR analyst.

    Full Access of this Exclusive Report is Available at-

    https://www.factmr.com/checkout/4971

    Industry Players Focusing on Strategic Agreements to Stimulate Growth

    Key players in the combined heat and power systems market are Siemens AG, Kawasaki Heavy Industries, Mitsubishi Heavy Industries, Marubeni Corporation, Caterpillar Inc., General Electric, Veolia Group, and Fluor Corporation, among others. These prominent players are continuously focusing on entering into agreements with several clients to expand their global footprints. With such agreements, companies are focusing on broadening their customer base and gaining a competitive edge over other players. For instance,

    • In 2019, Mitsubishi signed an agreement with China-based paper manufacturing company Lee & Man Paper Manufacturing Ltd. for the supply of H-25 gas turbines. These units will be utilized as the core equipment of natural gas-fired cogeneration systems.
    • In 2019, Siemens signed a cooperation agreement in Sweden to test renewable fuel at the Rya CHP plant located in the energy port of Gothenburg Energi. With this agreement, the company will verify the viability of several different renewable fuels, such as hydrogen, on a larger scale, first in Sweden, and then in other parts of the world.

    Find More Valuable Insights on Combined Heat and Power Systems Market

    Fact.MR, in its new offering, brings to fore an unbiased analysis of the global combined heat and power systems market, presenting historical demand data (2015-2019) and forecast statistics for the period of 2020-2030. The study divulges compelling insights on the CHP systems market based on product (up to 30 MW, 30 MW – 60 MW, and above 60 MW), fuel (natural gas, coal, biomass, and other renewable resources), prime mower (gas turbines, steam turbines, gas engines, and fuel cells), and application (industrial, residential, and commercial), across six regions.

    For More Insights

    https://www.accesswire.com/630509/Adoption-of-Appointment-Scheduling-Software-Growing-Healthcare-Leads-the-Rally-FactMR

    About the Industrial Division at Fact.MR

    Expert analysis, actionable insights, and strategic recommendations of the highly seasoned industrial team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million plus data points, the team has analyzed industrial good industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

    About Fact.MR
    Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
    Reach out to us with your goals, and we’ll be an able research partner.

    Contact:
    US Sales Office:
    11140 Rockville Pike
    Suite 400
    Rockville, MD 20852
    United States
    Tel: +1 (628) 251-1583

    Corporate Headquarter:
    Unit No: AU-01-H Gold Tower (AU),
    Plot No: JLT-PH1-I3A,
    Jumeirah Lakes Towers,
    Dubai, United Arab Emirates
    E: sales@factmr.com
    Website: https://www.factmr.com

    The post Sales of Industrial 60 MW Combined Heat and Power (CHP) Systems Is Estimated to be Valued at US$ 26 Bn by the End of the Forecast Period (2020-2030) appeared first on The Cloud Tribune.

    Find More Valuable Insights on Combined Heat and Power Systems Market
  • About the Industrial Division at Fact.MR
  • More from Research Reports

    Explore more articles in the Research Reports category

    Image for Workflow Automation Market Outlook 2025: Business Expansion, Market Trends, and Future Predictions
    Workflow Automation Market Outlook 2025: Business Expansion, Market Trends, and Future Predictions
    Image for Smart Contracts Market 2032 Industry Overview, Evolution Growth Rate and Future Forecasts 2025-2032
    Smart Contracts Market 2032 Industry Overview, Evolution Growth Rate and Future Forecasts 2025-2032
    Image for Predictive Maintenance Market 2025-2032: Industry Outlook, Trends Analysis, New Opportunities, and Prospects
    Predictive Maintenance Market 2025-2032: Industry Outlook, Trends Analysis, New Opportunities, and Prospects
    Image for Oilseed Market to Expand at a CAGR of 5.3% by 2032 – Growth Drivers & Forecast Analysis
    Oilseed Market to Expand at a CAGR of 5.3% by 2032 – Growth Drivers & Forecast Analysis
    Image for Offshore Decommissioning Market Predicted to Reach USD 12.27 Billion by 2032, Growing at a CAGR of 6.3% | Coherent Market Insights
    Offshore Decommissioning Market Predicted to Reach USD 12.27 Billion by 2032, Growing at a CAGR of 6.3% | Coherent Market Insights
    Image for Flea And Tick Products Market Anticipated to flourish at a CAGR of 9.32% from 2025 to 2032
    Flea And Tick Products Market Anticipated to flourish at a CAGR of 9.32% from 2025 to 2032
    Image for Customer Data Platform Market Growth Probability, Key Vendors and Future Scenario Up To 2032
    Customer Data Platform Market Growth Probability, Key Vendors and Future Scenario Up To 2032
    Image for Carbon Dioxide Utilization Market to Hit $14.38 Bn by 2032 with a CAGR of 13.6% According to Coherent Market Insights
    Carbon Dioxide Utilization Market to Hit $14.38 Bn by 2032 with a CAGR of 13.6% According to Coherent Market Insights
    Image for Beauty Supplements Market Anticipated to flourish at a CAGR of 5.55% from 2025 to 2032, reaching USD 4,591 Million by 2032
    Beauty Supplements Market Anticipated to flourish at a CAGR of 5.55% from 2025 to 2032, reaching USD 4,591 Million by 2032
    Image for AI Governance Market Size & Forecast 2025-2032 : Emerging Business Opportunities and Growth Prospects
    AI Governance Market Size & Forecast 2025-2032 : Emerging Business Opportunities and Growth Prospects
    Image for Wireline Services Market to Reach USD 47.13 Billion by 2032 with a 7.0% CAGR According to Coherent Market Insights
    Wireline Services Market to Reach USD 47.13 Billion by 2032 with a 7.0% CAGR According to Coherent Market Insights
    Image for U.S. Hospitality Staffing Market to be Worth USD 258.72 Billion by 2032: Coherent Market Insights
    U.S. Hospitality Staffing Market to be Worth USD 258.72 Billion by 2032: Coherent Market Insights
    View All Research Reports Posts
    Previous Research Reports PostSelf-Service Ordering Kiosk and Payment System Market is booming Globally with Top key players- Touchbistro, Kiosk, Toasttab, Applova, UEAT, Futureordering, ShuangGuan, Founpad, and KeTong
    Next Research Reports PostData Historian Market 2021 Growth By Top Company, Business Opportunity, Regional Analysis, Application, Driver, Trends & Forecasts By 2027