Europe Combined Heat and Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Europe Combined Heat and Power Market Suppliers and is segmented by Application (Residential, Commercial, Industrial, and Utility), Fuel Type (Natural Gas, Coal, Renewable, Biomass, and Other Fuel Types), and Geography (Germany, UK, Netherlands, and Rest of Europe). The report offers the market size and forecasts for Europe's combined heat and power market in revenue (USD billion) for the above segments.

Europe Combined Heat and Power Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Combined Heat and Power Market Size

View Global Report
Europe Combined Heat and Power Market Summary
Study Period 2021 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2021 - 2023
CAGR 8.00 %
Market Concentration Medium

Major Players

Europe Combined Heat and Power Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Europe Combined Heat and Power Market with other markets in Energy & Power Industry

Oil and Gas

Power

Battery

Decommissioning

Emerging Energy Technologies

Energy Storage Technology

Europe Combined Heat and Power Market Analysis

The Europe Combined Heat and Power Market is expected to register a CAGR of greater than 8% during the forecast period.

The COVID-19 pandemic affected the market severely in 2020. Presently, the market has reached pre-pandemic levels.

  • Over the medium term, the increasing energy demand, lowering energy costs, integration of renewable energy, and reducing carbon emissions are expected to drive the growth of the market studied.
  • On the other hand, grid interconnection and significant initial capital investment are expected to hamper the growth of Europe's combined heat and power market during the forecast period.
  • Nevertheless, increasing investment in the development of small-sized manufacturing units in the region will likely create lucrative growth opportunities for Europe's combined heat and power market during the forecast period.
  • Germany dominates the market and is likely to witness the highest CAGR during the forecast period. This growth is attributed to the increasing investments and supportive government policies in the country.

Europe Combined Heat and Power Industry Overview

Europe's combined heat and power market is moderately fragmented in nature. Some of the major players in the market (in no particular order) include 2G Energy AG, General Electric Company, Siemens AG, Mitsubishi Hitachi Power Systems Europe Ltd, and Engie SA.

Europe Combined Heat and Power Market Leaders

  1. General Electric Company

  2. Siemens AG

  3. Mitsubishi Hitachi Power Systems Europe, Ltd.

  4. Engie SA

  5. UPM

  6. *Disclaimer: Major Players sorted in no particular order
Europe Combined Heat and Power Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Europe Combined Heat and Power Market News

  • In November 2022, UPM, a leading renewable energy solution company, designed an 84 MW gas-fired CHP plant in Germany. The plant aims to facilitate electricity to its Nordland Papier mill and strives to curtail the carbon emissions of the mill by 300,000 ton/year.
  • In June 2022, Bio-FlexGen, an EU research project, announced its plan to construct a combined heat and power plant (CHP) system. The CHP plant aims to provide hourly, daily, and seasonal flexibility through hydrogen production from biomass. For everyday flexibility, the plant will use biomass feedstock to power consumption needs within two hours. While for seasonal flexibility, the plant will generate power and heat when the heat demand and electricity prices are high, producing hydrogen and syngas in summer.

Europe Combined Heat and Power Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2027
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Degree of Competition

5. MARKET SEGMENTATION AND ANALYSIS

  • 5.1 Applicaton
    • 5.1.1 Residential
    • 5.1.2 Commercial
    • 5.1.3 Industrial and Utility
  • 5.2 Fuel Type
    • 5.2.1 Natural Gas
    • 5.2.2 Renewable
    • 5.2.3 Biomass
    • 5.2.4 Coal
    • 5.2.5 Other Fuel Types
  • 5.3 Geography
    • 5.3.1 Germany
    • 5.3.2 United Kingdom
    • 5.3.3 Netherlands
    • 5.3.4 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
  • *List Not Exhaustive
  • 6.4 Engie SA
    • 6.4.1 General Electric Company
    • 6.4.2 Siemens AG
    • 6.4.3 Mitsubishi Hitachi Power Systems Europe Ltd
    • 6.4.4 UPM
    • 6.4.5 2G Energy AG
    • 6.4.6 Wartsila
    • 6.4.7 Fleetsolve
    • 6.4.8 Vatenfall

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Europe Combined Heat and Power Industry Segmentation

Combined heat and power (CHP) is a method to generate power by capturing heat produced through the generation process to provide thermal energy, e.g., steam or hot water. It is also known as a co-generation technology. CHP-generated energy is used for applications such as heating and cooling for domestic and industrial activities. CHP technique is regarded as eco-friendly compared to coal-fired power plants s ait uses sustainable energy sources such as biomass, natural gas, and residual waste.

The European combined heat and power market is segmented by application, fuel type, and geography. By application, the market is segmented into residential, commercial, industrial, and utility. By fuel type, the market is segmented as natural gas, coal, renewable, biomass, and other fuel types. The report also covers the market size and forecast for the European combined heat and power market. For each segment, the market sizing and forecasts have been done on revenue (USD billion).

Applicaton Residential
Commercial
Industrial and Utility
Fuel Type Natural Gas
Renewable
Biomass
Coal
Other Fuel Types
Geography Germany
United Kingdom
Netherlands
Rest of Europe
Need A Different Region or Segment?
Customize Now

Europe Combined Heat and Power Market Research FAQs

What is the current Europe Combined Heat and Power Market size?

The Europe Combined Heat and Power Market is projected to register a CAGR of greater than 8% during the forecast period (2025-2030)

Who are the key players in Europe Combined Heat and Power Market?

General Electric Company, Siemens AG, Mitsubishi Hitachi Power Systems Europe, Ltd., Engie SA and UPM are the major companies operating in the Europe Combined Heat and Power Market.

What years does this Europe Combined Heat and Power Market cover?

The report covers the Europe Combined Heat and Power Market historical market size for years: 2021, 2022, 2023 and 2024. The report also forecasts the Europe Combined Heat and Power Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Combined Heat and Power Industry Report

Statistics for the 2025 Europe Combined Heat and Power market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Combined Heat and Power analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.