According to the research report titled ‘Europe Combined Heat And Power (CHP) Market Size By Fuel, End Use, Capacity, Technology, Industry Analysis Report, Regional Outlook, Price Trends, Competitive Market Share & Forecast, 2020-2026‘, available with Market Study Report, Europe combined heat and power (CHP) market is predicted to witness substantial growth during 2020-2026.
 

Growing demand for embedded power generation along with increasing customer interest towards renewable powered systems, and constant technological developments to enhance the reliability & efficiency of cogeneration systems are the major factors stimulating the growth of Europe combined heat and power (CHP) market. Furthermore, increasing awareness regarding reducing carbon emissions, coupled with favorable government norms for adoption of micro CHP plants are likely to contribute to industry growth during the forecast period.
 

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Moreover, retrofitting and replacement of conventional power generation plants and lowering natural gas prices are augmenting Europe combined heat and power (CHP) market size. Advantages such as low fuel consumption, ease in operation, and improved efficiency are fueling the product deployment. Also, implementation of heat & electrical power generation systems and ongoing installation of smart heating networks across the commercial sector will foster the product demand in the coming years.
 

As per capacity spectrum, 0.5 MW - 5 MW segment of Europe combined heat and power (CHP) market is predicted to grow modestly over the forecast timeframe, owing to rising CHP deployment for various applications in industries. Increasing acceptance of biomass and natural gas fueled plants over conventional fuels and widespread usage of micro cogeneration systems across the European region will influence the segmental share.
 

Based on technology terrain, internal combustion engine segment is expected to witness an upsurge over 2020-2026, mainly due to compatibility of this technology with gas & liquid fuels for stationary power generation. Several benefits like low fuel consumption, better product lifecycle, and easy operations under extreme environmental conditions will boost technology adoption.
 

Speaking of regional framework, UK combined heat and power market is poised to amass tremendous revenue by the year 2026, due to increasing demand for decentralized power generation and availability of wide range of product as per capacity, design, and applications. Inclination of industries towards installation of natural gas fired systems along with adoption of efficient combined cycle turbine technologies, and supportive resiliency initiatives & CHP-inclined regulations will encourage product adoption across UK. Although, the COVID-19 outbreak has caused delay in product deployment, hence arresting the industrial growth.
 

Key players operating in Europe combined heat and power (CHP) market include 2G Energy, ABB, General Electric, Mitsubishi, Aegis Energy, Caterpillar, Yanmar Co. Ltd., Bosch Thermotechnology, Wartsila, ENER-G Rudox Inc., MAN Energy Solutions, Kawasaki, FuelCell Energy Inc., The Viessmann Group, Cummins, BDR Thermea, Siemens, Veolia Environnement S.A., and MWM.