An upsurge in energy utilization across the industrial sector in conjugation with rising adoption of district heating networks have enabled North America CHP market to record phenomenal gains over 2020-2026. Additionally, growing popularity of low carbon emission fuels such as biomass and natural gas along with rising investments for smart infrastructural developments by public and private partners will significantly contribute to the market growth in the upcoming years.

CHP (combined heat and power) also known as cogeneration is an energy efficient technology that wields full potential of on-site power generation and helps in managing overall energy consumption at residential and commercial buildings, educational institutions, hospitals, military bases, industries and government enterprises. As CHP captures and utilizes the heat (which otherwise would be wasted), and eliminates distribution losses during the process, it is capable of achieving energy efficiencies of more than 80% as compared to 50% in case of conventional technologies.

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Considering the enormous benefits of CHP, government bodies across North America are taking several major steps towards incorporation of this technology while also investing in research activities that would provide more innovative solutions with regards to CHP. For instance, in 2018, the U.S Department of Energy announced the selection of seven projects that were given a grant of USD 10 million for research and development of CHP technologies. This research was aimed at facilitating the private sector development of CHP units for small to mid-size manufacturers that can provide essential grid services that are easy to install and operate.

According to GMI report, North America CHP market is estimated to exceed USD 800 million by 2026.

North America CHP market is bifurcated into various segments based on fuel, end-use, capacity, technology and regional landscape.

With regards to end-use, industrial segment will observe a commendable growth on account of surging energy demand coupled with increasing investments for the development of smart energy infrastructure. Industries including chemical, oil refinery, pulp & paper, ethanol, food, glass, etc. are using CHP units for improving energy efficiency as well as reducing greenhouse gas emissions. For instance, in 2018, Exxon Mobil, one of the leading oil and gas corporations, announced that their cogeneration facilities alone eliminates 6 million metric tons of greenhouse emissions gas emissions per year and apparently, a step which has encouraged them to invest in development of more cogeneration facilities.

Enhanced efficiency and affordable installation cost followed by longer product life cycle and high reliability of CHP units will impel the product demand significantly. Moreover, rising demand for captive power generation along with ongoing investments in R&D activities by prominent manufacturers to produce sustainable power will positively influence the segmental growth. Favourable government regulations supporting installation of CHP units and net metering policies will further drive the market growth.

In terms of capacity bifurcation, 5 MW to 20 MW segment is expected to register a substantial growth owing to wide application of combined heat and power systems across industrial and commercial establishments. Refurbishment of conventional power plants along with increasing demand of decentralized energy generation will foster North America CHP market growth. Further, ongoing technological enhancements pertaining to cost-effective, smart and compact systems will stimulate the product adoption over the forthcoming years. For instance, in 2020, Cummins launched its C25G gas generator series designed for delivering higher fuel efficiency with the power density of 500kW and 580kW.

In terms of regional outlook, Canada combined heat & power market had acquired a revenue share of USD 300 million in 2019 and is further projected to show similar growth in forthcoming years. The growth can be credited to increasing investments toward cogeneration project aimed at fulfilling energy demand from chemical, metal and oil & gas industries.

For instance, in 2019, Stelco had signed an agreement with DTE Energy for the construction and operation of cogeneration facility with a capacity of over 60 MW at Lake Erie facility, Ontario. This construction was claimed to improve energy generation capacity in the region and subsequently replace conventional power plants. Moreover, rising preference for deployment of natural gas fuelled systems coupled with incorporation of enhanced gas turbines and cogeneration plants will stimulate the product adoption across the country.

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Prominent industry players operating across the North America CHP market such as Siemens Aegis Energy, General Electric, ENER-G Rudox, ABB, Kawasaki Heavy Industries and BDR Thermea Group are focused on developing technologically enhanced solutions in order to strengthen their product portfolio and gain a strong foothold in the market.

Partial Chapter of the Table of Content

Chapter 3    North America CHP Industry Insights

3.1    Industry segmentation

3.2    Industry ecosystem analysis

3.2.1    Vendor matrix

3.3    Innovation & sustainability landscape

3.3.1    Cummins

3.3.2    BDR Thermea

3.3.3    ENER-G

3.3.4    Veolia

3.3.5    Yanmar

3.3.6    Stadt Werke Kiel

3.3.7    Kawasaki Heavy Industries

3.3.8    Others

3.4    COVID-19 impact on the overall industry outlook

3.4.1    Top 10 states in the U.S. impacted by COVID- 19

3.4.2    Optimistic

3.4.3    Realistic

3.4.4    Pessimistic

3.5    Price trend analysis (USD Million/MW) – North America

3.6    Regulatory landscape

Chapter 4    North America CHP Market, By Fuel

4.1    North America CHP market share by fuel, 2019 & 2026

4.2    Natural gas

4.2.1    North America market from natural gas, 2016 - 2026

4.2.2    North America market from natural gas, by country, 2016 – 2026

4.3    Coal

4.3.1    North America market from coal, 2016 - 2026

4.3.2    North America market from coal, by country, 2016 – 2026

4.4    Biomass

4.4.1    North America market from biomass, 2016 - 2026

4.4.2    North America market from biomass, by country, 2016 – 2026

4.5    Others

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