The Micro Combined Heat & Power (Micro CHP) market size will grow from USD 3.01 Billion in 2017 to USD 6.89 Billion by 2023, at an estimated CAGR of 14.8%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
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This growth is attributed to high energy efficiency, which is achieved by converting primary energy to heat and electricity at the end-user level. Micro CHP units have the potential to reduce CO2 emissions that reduces energy consumption as compared to the conventional boiler, which draws electricity from the grid. Hence, since the last few decades, these units are considered as a boiler replacement technology.The report segments the micro CHP market on the basis of type, major technologies, and applications. Since micro CHP refers to units in the electrical output range of 0 kW to 5 kW, its applications are restricted to smaller sized buildings. As a result, the main application of micro CHP is in residential and commercial areas. Residential application of micro CHP units is in single family and multi-family homes, which tend to buy 1 kW to 5 kW units. Residential application holds largest share in micro CHP market, however, in recent months more attention is being paid to the commercial establishments with low power consumption, such as retail stores, laundries, and offices among others, which are expected to grow at the fastest rate during the forecast period.
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By Market Players:
Honda Power , BDR Thermea Group , Viessmann Group , Yanmar Holdings Co. Ltd. , Vaillant Group , Ener-G Cogen International , Ceres Power Holdings PLC , Qnergy , Topsoe Fuel Cell , Whisper Tech Limited , Dantherm Power , Solid Power , Aisin Group ,
Engine-Based , Fuel Cell-Based
Internal Combustion Engine , PEMFC , Rankine Cycle Engine , Stirling Engine , SOFC
Residential , Commercial
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
Points Covered in The Report:
The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. The historical data from 2012 to 2017 and forecast data from 2018 to 2023.
The growth factors of the market is discussed in detail wherein the different end users of the market are explained in detail.
Data and information by manufacturer, by region, by type, by application and etc, and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
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