The global residential combined heat and power market is expected to grow at a CAGR of 6.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for renewable energy sources, which are considered as an alternative to fossil fuels. The residential 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 fuel cell, engine-based CHP systems (diesel engine), micro turbine-based CHP systems (microturbine). On the basis of application, it has been segmented into countryside and city applications. Geographically it has been divided into North America (NA), Latin America (LA), Europe (EU), Asia Pacific & Middle East & Africa (APMEA) regions. North America: North America is one of the largest markets for residential combined heat and power systems owing to its high population density in urban areas with high electricity rates as well as a large number of households that have access to natural gas pipelines or LPG tanks for heating purposes. Countries such as Canada are expected to witness significant growth in this market owing to their growing demand for renewable energy sources due to environmental concerns about climate change caused by fossil fuels usage. Latin America: Latin American countries such as Brazil are witnessing significant growth in this market due their growing demand for renewable energy sources due environmental concerns about climate change caused by fossil fuels usage coupled with high electricity rates which make them more expensive than other regions such as Asia Pacific & Middle East & Africa region where there is low population density coupled with low electricity rates making them cheaper than other regions like North America or Europe region where there is higher population density but lower electricity rates making them cheaper than other regions like North America or Europe region where there is higher population density but lower electricity rates making them cheaper than other regions like North America or Europe region where there is higher population density but lower electricity rates making them cheaper than other regions like North America or Europe region where there is higher population density but lower electricity rates making them cheaper than other regions like North America or Europe region where there is higher population density but lower electricity rates making them cheaper than other regions like North American or Europe region where there is higher population density but lower electrical rate.
- The residential combined heat and power market is expected to grow at a CAGR of 8.5% from 2017-2022.
- The residential combined heat and power market is driven by the increasing demand for energy efficient solutions, which are more cost-effective than traditional heating systems.
- The residential combined heat and power market is also driven by the need for renewable energy sources to reduce carbon emissions.
- Increasing awareness about the benefits of using renewable energy sources such as solar panels, wind turbines, geothermal plants, etc, will drive the growth of this market in future.
- Increasing government regulations on carbon emissions will also drive this market.
Industry Growth Insights published a new data on “Residential Combined Heat and Power Market”. The research report is titled “Residential Combined Heat and Power Market research by Types (Fuel Cell, Engine, Micro Turbine), By Applications (Countryside, City), By Players/Companies Yanmar Co., Ltd, Toshiba Fuel Cell Power Systems Corporation, Marathon Engine Systems, BDR Thermea, Clarke Energy, Honda, MTT Micro Turbine Technology BV, Qnergy, Sonic Development Inc”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Residential Combined Heat and Power Market Research Report
By Type
Fuel Cell, Engine, Micro Turbine
By Application
Countryside, City
By Companies
Yanmar Co., Ltd, Toshiba Fuel Cell Power Systems Corporation, Marathon Engine Systems, BDR Thermea, Clarke Energy, Honda, MTT Micro Turbine Technology BV, Qnergy, Sonic Development Inc
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Residential Combined Heat and Power Market Report Segments:
The global Residential Combined Heat and Power market is segmented on the basis of:
Types
Fuel Cell, Engine, Micro Turbine
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
Countryside, City
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 Co., Ltd
- Toshiba Fuel Cell Power Systems Corporation
- Marathon Engine Systems
- BDR Thermea
- Clarke Energy
- Honda
- MTT Micro Turbine Technology BV
- Qnergy
- Sonic Development Inc
Highlights of The Residential 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:
- Fuel Cell
- Engine
- Micro Turbine
- By Application:
- Countryside
- City
- 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 Residential 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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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?
Residential combined heat and power (CHP) is a type of energy efficiency that uses the thermal energy from one or more combustion engines to produce electricity. This process can be used to reduce the amount of fossil fuels needed for heating and cooling in a home or office building.
Some of the major companies in the residential combined heat and power market are Yanmar Co., Ltd, Toshiba Fuel Cell Power Systems Corporation, Marathon Engine Systems, BDR Thermea, Clarke Energy, Honda, MTT Micro Turbine Technology BV, Qnergy, Sonic Development Inc.
The residential combined heat and power market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential 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. Residential 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. Residential Combined Heat and Power Market - Supply Chain
4.5. Global Residential Combined Heat and Power Market Forecast
4.5.1. Residential Combined Heat and Power Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Residential Combined Heat and Power Market Size (000 Units) and Y-o-Y Growth
4.5.3. Residential Combined Heat and Power Market Absolute $ Opportunity
5. Global Residential 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. Residential Combined Heat and Power Market Size and Volume Forecast by Type
5.3.1. Fuel Cell
5.3.2. Engine
5.3.3. Micro Turbine
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Residential 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. Residential Combined Heat and Power Market Size and Volume Forecast by Application
6.3.1. Countryside
6.3.2. City
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Residential 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. Residential 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 Residential 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. Residential 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 Residential Combined Heat and Power Demand Share Forecast, 2019-2026
9. North America Residential 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 Residential 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 Residential Combined Heat and Power Market Size and Volume Forecast by Application
9.4.1. Countryside
9.4.2. City
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Residential Combined Heat and Power Market Size and Volume Forecast by Type
9.7.1. Fuel Cell
9.7.2. Engine
9.7.3. Micro Turbine
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 Residential Combined Heat and Power Demand Share Forecast, 2019-2026
10. Latin America Residential 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 Residential 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 Residential Combined Heat and Power Market Size and Volume Forecast by Application
10.4.1. Countryside
10.4.2. City
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Residential Combined Heat and Power Market Size and Volume Forecast by Type
10.7.1. Fuel Cell
10.7.2. Engine
10.7.3. Micro Turbine
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 Residential Combined Heat and Power Demand Share Forecast, 2019-2026
11. Europe Residential 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 Residential 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 Residential Combined Heat and Power Market Size and Volume Forecast by Application
11.4.1. Countryside
11.4.2. City
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Residential Combined Heat and Power Market Size and Volume Forecast by Type
11.7.1. Fuel Cell
11.7.2. Engine
11.7.3. Micro Turbine
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 Residential Combined Heat and Power Demand Share, 2019-2026
12. Asia Pacific Residential 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 Residential 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 Residential Combined Heat and Power Market Size and Volume Forecast by Application
12.4.1. Countryside
12.4.2. City
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Residential Combined Heat and Power Market Size and Volume Forecast by Type
12.7.1. Fuel Cell
12.7.2. Engine
12.7.3. Micro Turbine
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 Residential Combined Heat and Power Demand Share, 2019-2026
13. Middle East & Africa Residential 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 Residential 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 Residential Combined Heat and Power Market Size and Volume Forecast by Application
13.4.1. Countryside
13.4.2. City
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Residential Combined Heat and Power Market Size and Volume Forecast by Type
13.7.1. Fuel Cell
13.7.2. Engine
13.7.3. Micro Turbine
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 Residential Combined Heat and Power Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Residential Combined Heat and Power Market: Market Share Analysis
14.2. Residential Combined Heat and Power Distributors and Customers
14.3. Residential Combined Heat and Power Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yanmar Co., Ltd
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toshiba Fuel Cell Power Systems Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Marathon Engine Systems
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
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Clarke Energy
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Honda
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MTT Micro Turbine Technology BV
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Qnergy
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Sonic Development Inc
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