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Micro combined heat and power (micro-CHP) refers to a group of technologies that generate both heat and electricity at the same time. The main output of a micro-CHP system is heat, with some electricity generation, at a typical ratio of about 6:1 for domestic appliances. The market for micro combined heat and power worldwide is expected to reach USD 8,783 million by 2028, recording a CAGR of 11.4% over the forecast period as per the latest report by Gen Consulting Company.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global micro combined heat and power market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the micro combined heat and power industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the capacity, fuel, prime mover, application, and region. The global market for micro combined heat and power can be segmented by capacity: up to 2kW, 2kW-10kW, 10kW-50kW. Micro combined heat and power market is further segmented by fuel: coal, LPG and natural gas, oil, renewables resources. The LPG and natural gas segment held the largest revenue share in 2021. Based on prime mover, the micro combined heat and power market is segmented into: fuel cells, internal combustion engines (ICE), stirling engines. Globally, the stirling engines segment made up the largest share of the micro combined heat and power market. On the basis of application, the micro combined heat and power market also can be divided into: commercial, residential. The residential segment was the largest contributor to the global micro combined heat and power market in 2021. Micro combined heat and power market by region is categorized into: North America, Asia Pacific, Europe, Rest of the World (ROW).
By capacity:
- up to 2kW
- 2kW-10kW
- 10kW-50kW
By fuel:
- coal
- LPG and natural gas
- oil
- renewables resources
By prime mover:
- fuel cells
- internal combustion engines (ICE)
- stirling engines
By application:
- commercial
- residential
By region:
- North America
- Asia Pacific
- Europe
- Rest of the World (ROW)
The market research report covers the analysis of key stake holders of the global micro combined heat and power market. Some of the leading players profiled in the report include Aisin Corporation, Centrica plc, Ceres Power Holdings plc, Helbio S.A., Honda Motor Co., Ltd., Navien Inc., Qnergy Ltd, Remeha Group B.V. (BDR Thermea Group B.V.), SOLIDpower S.p.A., The Vaillant Group, The Viessmann Group, YANMAR Holdings Co., Ltd., among others.
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Historical & Forecast Period
This research report provides analysis for each segment from 2018 to 2028 considering 2021 to be the base year.
Scope of the Report
- To analyze and forecast the market size of the global micro combined heat and power market.
- To classify and forecast the global micro combined heat and power market based on capacity, fuel, prime mover, application, region.
- To identify drivers and challenges for the global micro combined heat and power market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global micro combined heat and power market.
- To identify and analyze the profile of leading players operating in the global micro combined heat and power market.
Why Choose This Report
- Gain a reliable outlook of the global micro combined heat and power market forecasts from 2022 to 2028 across scenarios.
- Identify growth segments for investment.
- Stay ahead of competitors through company profiles and market data.
- The market estimate for ease of analysis across scenarios in Excel format.
- Strategy consulting and research support for three months.
- Print authentication provided for the single-user license.