The global micro combined heat and power market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The market is driven by the increasing demand for energy-efficient solutions in residential and commercial buildings, which are driving the adoption of micro combined heat and power systems. The growing need for clean energy sources is also driving the growth of this market. The global micro combined heat and power market has been segmented on the basis of type, application, and region. On the basis of type, it has been segmented into less than or equal to2 kW (small), 10kW (medium), 150kW (large). On the basis of application, it has been segmented into residential and commercial applications. On the basis of region, it has been segmented into North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa(APMEA).
Some Of The Growth Factors Of This Market:
- The increasing demand for energy efficient solutions is one of the major factors driving the growth of the Micro Combined Heat and Power market.
- The increasing number of industrial units in developing countries such as China, India, Brazil, and Mexico are also driving the growth of this market.
- Increasing awareness about renewable energy sources among consumers is also a factor that will drive this market's growth.
- Increasing investments by governments in renewable energy sources will also drive this market's growth.
Industry Growth Insights published a new data on “Micro Combined Heat and Power Market”. The research report is titled “Micro Combined Heat and Power Market research by Types (Less than or equal to2 kW, 2-10kW, 10-50kW), By Applications (Residential, Commercial), By Players/Companies Yanmar, BDR Thermea Group, G Energy AG, VIESSMANN Manufacturing Company Inc., General Electric, Siemens, Veolia, Vaillant, Marathon Engine System, Micro Turbine Technology B.V., Ballard Power System Europe A/S, ENER-G Rudox, AISIN SEIKI Co. Ltd., TEDOM, Samad Power”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Combined Heat and Power Market Research Report
By Type
Less than or equal to2 kW, 2-10kW, 10-50kW
By Application
Residential, Commercial
By Companies
Yanmar, BDR Thermea Group, G Energy AG, VIESSMANN Manufacturing Company Inc., General Electric, Siemens, Veolia, Vaillant, Marathon Engine System, Micro Turbine Technology B.V., Ballard Power System Europe A/S, ENER-G Rudox, AISIN SEIKI Co. Ltd., TEDOM, Samad Power
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Micro Combined Heat and Power Market Report Segments:
The global Micro Combined Heat and Power market is segmented on the basis of:
Types
Less than or equal to2 kW, 2-10kW, 10-50kW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yanmar
- BDR Thermea Group
- G Energy AG
- VIESSMANN Manufacturing Company Inc.
- General Electric
- Siemens
- Veolia
- Vaillant
- Marathon Engine System
- Micro Turbine Technology B.V.
- Ballard Power System Europe A/S
- ENER-G Rudox
- AISIN SEIKI Co. Ltd.
- TEDOM
- Samad Power
Highlights of The Micro Combined Heat and Power Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than or equal to2 kW
- 2-10kW
- 10-50kW
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Micro Combined Heat and Power Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Micro Combined Heat and Power (CHP) is a technology that uses the heat from an industrial process to generate electricity. This allows factories to produce power without having to use expensive fossil fuels, which can be environmentally harmful. CHP systems are often smaller and more efficient than traditional power plants, making them a viable option for businesses in need of reliable energy sources.
Some of the major companies in the micro combined heat and power market are Yanmar, BDR Thermea Group, G Energy AG, VIESSMANN Manufacturing Company Inc., General Electric, Siemens, Veolia, Vaillant, Marathon Engine System, Micro Turbine Technology B.V., Ballard Power System Europe A/S, ENER-G Rudox, AISIN SEIKI Co. Ltd., TEDOM, Samad Power.
The micro combined heat and power market is expected to register a CAGR of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Combined Heat and Power Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Micro Combined Heat and Power Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Micro Combined Heat and Power Market - Supply Chain
4.5. Global Micro Combined Heat and Power Market Forecast
4.5.1. Micro Combined Heat and Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro Combined Heat and Power Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro Combined Heat and Power Market Absolute $ Opportunity
5. Global Micro Combined Heat and Power Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Micro Combined Heat and Power Market Size and Volume Forecast by Type
5.3.1. Less than or equal to2 kW
5.3.2. 2-10kW
5.3.3. 10-50kW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro Combined Heat and Power Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Micro Combined Heat and Power Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro Combined Heat and Power Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Micro Combined Heat and Power Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Micro Combined Heat and Power Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Micro Combined Heat and Power Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Micro Combined Heat and Power Demand Share Forecast, 2019-2026
9. North America Micro Combined Heat and Power Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Micro Combined Heat and Power Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Micro Combined Heat and Power Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Micro Combined Heat and Power Market Size and Volume Forecast by Type
9.7.1. Less than or equal to2 kW
9.7.2. 2-10kW
9.7.3. 10-50kW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Micro Combined Heat and Power Demand Share Forecast, 2019-2026
10. Latin America Micro Combined Heat and Power Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Micro Combined Heat and Power Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Micro Combined Heat and Power Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Micro Combined Heat and Power Market Size and Volume Forecast by Type
10.7.1. Less than or equal to2 kW
10.7.2. 2-10kW
10.7.3. 10-50kW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Micro Combined Heat and Power Demand Share Forecast, 2019-2026
11. Europe Micro Combined Heat and Power Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Micro Combined Heat and Power Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Micro Combined Heat and Power Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro Combined Heat and Power Market Size and Volume Forecast by Type
11.7.1. Less than or equal to2 kW
11.7.2. 2-10kW
11.7.3. 10-50kW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Groth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Micro Combined Heat and Power Demand Share, 2019-2026
12. Asia Pacific Micro Combined Heat and Power Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Micro Combined Heat and Power Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Micro Combined Heat and Power Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Micro Combined Heat and Power Market Size and Volume Forecast by Type
12.7.1. Less than or equal to2 kW
12.7.2. 2-10kW
12.7.3. 10-50kW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Micro Combined Heat and Power Demand Share, 2019-2026
13. Middle East & Africa Micro Combined Heat and Power Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Micro Combined Heat and Power Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Micro Combined Heat and Power Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Micro Combined Heat and Power Market Size and Volume Forecast by Type
13.7.1. Less than or equal to2 kW
13.7.2. 2-10kW
13.7.3. 10-50kW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Micro Combined Heat and Power Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro Combined Heat and Power Market: Market Share Analysis
14.2. Micro Combined Heat and Power Distributors and Customers
14.3. Micro Combined Heat and Power Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yanmar
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BDR Thermea Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. G Energy AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. VIESSMANN Manufacturing Company Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Electric
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Siemens
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Veolia
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Vaillant
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Marathon Engine System
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Micro Turbine Technology B.V.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Ballard Power System Europe A/S
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ENER-G Rudox
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. AISIN SEIKI Co. Ltd.
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. TEDOM
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Samad Power
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook