According to the recent research report titled ‘North America CHP Market Size By Fuel, By End Use, By Capacity, By Technology, Industry Analysis Report, Country Outlook (U.S., Canada), Price Trends, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, North America CHP market is projected to record substantial growth during 2020-2026.
 

Surging demand for district heating solutions, strict emission norms, and focus towards reducing dependency on traditional coal-fired plant are the key factors driving the growth of North America CHP market.
 

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Speaking of capacity, the >20 MW segment of North America CHP market is expected to register a decent growth over the analysis period. Escalating power demand from high-end commercial sector along with shifting preferences towards renewable energy generation are fueling the segmental growth.
 

Based on fuel type, North America CHP market share from coal segment is reckoned to witness substantial gains over the study period owing to surging energy demand and growing number of decentralized electricity networks..
 

On the other hand, the biomass fuel segment is also anticipated to witness a considerable growth in the ensuing years, primarily driven by favorable government regulations regarding adoption of low carbon emission..
 

Moving on to technology type, steam turbine segment is projected to record significant growth in the ensuing years. Steam turbines have fewer moving parts, high power to weight ratio, and high thermal efficiency, which in turn is fueling the segmental share of North America CHP market.
 

Elaborating on end-use, North America CHP market from educational institutions is poised to accumulate commendable returns in the forthcoming years. Increasing smart infrastructure investments and shifting customer preference towards cogeneration units are favoring the overall market scenario.
 

The district energy segment is estimated to experience appreciable growth during the analysis timeframe, primarily due to surging demand for district heating networks in colder regions. Alternatively, the report cites that North America CHP market from government/military segment is expected to surpass valuation of USD 200 million by the year 2026.
 

Further elaborating on the end-user scope, North America CHP market share from food industry is expected to surpass valuation of USD 30 million during 2020-2026. On the other hand, paper industrial segment was worth USD 115 million in 2019 and is expected to depict a similar trend over the assessment period.
 

Citing the regional landscape, U.S. is predicted to emerge as a lucrative growth avenue for North America CHP industry over the forecast timespan, owing to strict government regulations regarding GHG emissions and increasing investments on renewable infrastructural development.
 

Major players in North America CHP market are BDR Thermea Group, 2G Energy AG, ENER-G Rudox Inc., Aegis Energy Services Inc., MWM GmbH (Caterpillar Energy Solutions GmbH), Cummins Inc., Bosch Thermotechnology, General Electric Company, ABB Ltd., Siemens AG, Veolia Environnement S.A., Yanmar Co. Ltd., , Wärtsilä Oyj Abp, MAN Diesel & Turbo SE, and Kawasaki Heavy Industries Ltd.