Market Size of Germany Combined Heat and Power Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.43 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Germany Combined Heat and Power Market Analysis
The market for combined heat and power in Germany is expected to grow at a CAGR of more than 2.43% during the forecast period of 2020 - 2025. Factors such as energy policies and growing environmental concerns, old power plant upgrades, reliable and uninterrupted power supply are expected to drive the CHP market in Germany during the forecast period. On the other hand, factors such as rising gas prices, focusing on other renewable technologies, and issues facing while connecting smaller cogeneration plants to transmission grid etc. are likely to hinder the market growth.
- Natural gas-based combined heat and power is expected to dominate the market during the forecast period.
- Rising applications of CHP in various industries such as sugar, chemicals, paper & pulp, etc. along with government support, is likely to create immense opportunities for the market studied.
- Increasing attraction for higher efficiency and heat recovery for reducing wastage of energy has been driving the demand in the market.
