Market Overview:
The global micro combined heat and power market is expected to grow at a CAGR of 9.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy-efficient solutions across different applications, rising concerns over climate change, and growing investments in micro CHP technologies. Based on type, the global micro combined heat and power market is segmented into current technologies, advanced technologies, related technologies, complementary devices, and micro chip fuel input. The current technology segment is further divided into gas engine systems and Stirling engine systems. The advanced technology segment includes fuel cells and organic Rankine cycle (ORC) systems. Related technologies include waste heat recovery boilers/heat pumps and energy storage devices such as batteries/ultracapacitors/flywheels etc., while complementary devices comprise of generators/motors etc. Micro chip fuel input refers to the use of semiconductor chips as a source of thermal energy for CHP applications. On the basis of application, commercial establishments accounted for majority share in 2017 owing to increased adoption rates across various sectors such as hospitality & tourism industry, food services industry etc.
Product Definition:
Micro Combined Heat & Power (mCHP) is a technology that captures waste heat from small engines and electric motors to generate electricity and thermal energy. mCHP systems are typically installed in residential or commercial buildings, where they can provide an important source of heating and cooling as well as electricity.
Current technologies:
Current technologies, it's usage.
The global micro combined heat & power market size was valued at USD 2.0 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand for energy efficiency from industrial sector coupled with growing concerns regarding environment pollution caused by fossil fuel-based electricity generation methods.
Advanced technologies:
Advanced technologies.
Micro combined heat & power (CHP) is a form of cogeneration, which involves the use of both electricity and heat energy from a single fuel source. The technology has been around for many years but has recently gained popularity due to government support for renewable energy generation.
Application Insights:
Commercial application dominated the global market in 2017, accounting for over 60.0% share of the overall revenue. The segment is expected to witness significant growth owing to rising demand from industrial and commercial applications including food & beverage, chemical, pulp & paper and metal manufacturing plants.
The residential sector is projected to witness substantial growth over the forecast period due to increasing government initiatives for promoting energy-efficient products across all sectors including construction materials and appliances among others. In addition, growing concerns regarding greenhouse gas emissions have resulted in various regulations concerning heat pumps for buildings across various countries such as China (2016), India (2015) Germany (2014), Australia (2013) etc., which are further likely to propel industry expansion over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The region accounted for a share of more than 30% in 2016 and is anticipated to witness significant growth owing to increasing awareness regarding GHG emissions, rising population, and rapid industrialization & urbanization. China led the Asia Pacific regional market in terms of revenue with a share of 37.6% in 2016 owing to large scale adoption by industry verticals such as metal manufacturing, oil & gas sector, power generation among others.
Europe was estimated at USD X billion in 2016 and is projected to grow at an estimated CAGR of XX% from 2017 to 2030 due high GHG emission control standards coupled with stringent environmental regulations imposed on CHP systems by European Union (EU).
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization
- Stringent environmental regulations for thermal power plants
- Rising prices of traditional fuels such as natural gas and diesel
- Government subsidies and incentives for micro CHP installations
- Availability of advanced CHP technologies at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Micro Combined Heat & Power Market Research Report
By Type
Current technologies, Advanced technologies, Related technologies, Complementary devices, Micro chip fuel input
By Application
Commercial, Residential
By Companies
Cogen micro systems, Climate Energy, Ceres Power Holding, BDR Thermea Group, Clearedge Power, Yanmar, Valliant Group
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Micro Combined Heat & Power Market Report Segments:
The global Micro Combined Heat & Power market is segmented on the basis of:
Types
Current technologies, Advanced technologies, Related technologies, Complementary devices, Micro chip fuel input
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
Commercial, Residential
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:
- Cogen micro systems
- Climate Energy
- Ceres Power Holding
- BDR Thermea Group
- Clearedge Power
- Yanmar
- Valliant Group
Highlights of The Micro Combined Heat & 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:
- Current technologies
- Advanced technologies
- Related technologies
- Complementary devices
- Micro chip fuel input
- By Application:
- Commercial
- Residential
- 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 & 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 & Power (CHP) is a form of renewable energy that uses the heat from an industrial process to produce electricity. By using this technology, factories can reduce their reliance on fossil fuels and create green jobs in the process.
Some of the major companies in the micro combined heat & power market are Cogen micro systems, Climate Energy, Ceres Power Holding, BDR Thermea Group, Clearedge Power, Yanmar, Valliant Group.
The micro combined heat & power market is expected to grow at a compound annual growth rate of 9.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Micro Combined Heat & 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 & 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 & Power Market - Supply Chain
4.5. Global Micro Combined Heat & Power Market Forecast
4.5.1. Micro Combined Heat & Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Micro Combined Heat & Power Market Size (000 Units) and Y-o-Y Growth
4.5.3. Micro Combined Heat & Power Market Absolute $ Opportunity
5. Global Micro Combined Heat & 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 & Power Market Size and Volume Forecast by Type
5.3.1. Current technologies
5.3.2. Advanced technologies
5.3.3. Related technologies
5.3.4. Complementary devices
5.3.5. Micro chip fuel input
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Micro Combined Heat & 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 & Power Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Micro Combined Heat & 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 & 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 & 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 & 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 & Power Demand Share Forecast, 2019-2026
9. North America Micro Combined Heat & 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 & 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 & Power Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
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 & Power Market Size and Volume Forecast by Type
9.7.1. Current technologies
9.7.2. Advanced technologies
9.7.3. Related technologies
9.7.4. Complementary devices
9.7.5. Micro chip fuel input
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 & Power Demand Share Forecast, 2019-2026
10. Latin America Micro Combined Heat & 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 & 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 & Power Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
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 & Power Market Size and Volume Forecast by Type
10.7.1. Current technologies
10.7.2. Advanced technologies
10.7.3. Related technologies
10.7.4. Complementary devices
10.7.5. Micro chip fuel input
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 & Power Demand Share Forecast, 2019-2026
11. Europe Micro Combined Heat & 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 & 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 & Power Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Micro Combined Heat & Power Market Size and Volume Forecast by Type
11.7.1. Current technologies
11.7.2. Advanced technologies
11.7.3. Related technologies
11.7.4. Complementary devices
11.7.5. Micro chip fuel input
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth 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 & Power Demand Share, 2019-2026
12. Asia Pacific Micro Combined Heat & 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 & 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 & Power Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
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 & Power Market Size and Volume Forecast by Type
12.7.1. Current technologies
12.7.2. Advanced technologies
12.7.3. Related technologies
12.7.4. Complementary devices
12.7.5. Micro chip fuel input
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 & Power Demand Share, 2019-2026
13. Middle East & Africa Micro Combined Heat & 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 & 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 & Power Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
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 & Power Market Size and Volume Forecast by Type
13.7.1. Current technologies
13.7.2. Advanced technologies
13.7.3. Related technologies
13.7.4. Complementary devices
13.7.5. Micro chip fuel input
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 & Power Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Micro Combined Heat & Power Market: Market Share Analysis
14.2. Micro Combined Heat & Power Distributors and Customers
14.3. Micro Combined Heat & Power Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cogen micro systems
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Climate Energy
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Ceres Power Holding
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BDR Thermea Group
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clearedge Power
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Yanmar
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Valliant Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
