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Micro Combined Heat and Power Market Size, Share, and Analysis, By Prime Mover (Stirling Engine, Internal Combustion Engine, and Fuel Cell), By Capacity (Up to 2 kW, 2 kW to 10 kW, and 10 kW to 50 kW), By Fuel (Natural Gas & LPG, Coal, Renewable Resources

Publisher Fatpos Global
Published Oct 01, 2024
Length 541 Pages
SKU # FAGL19312101

Description

Micro Combined Heat and Power Market Size, Share, and Analysis, By Prime Mover (Stirling Engine, Internal Combustion Engine, and Fuel Cell), By Capacity (Up to 2 kW, 2 kW to 10 kW, and 10 kW to 50 kW), By Fuel (Natural Gas & LPG, Coal, Renewable Resources, and Oil), By Application (Residential and Commercial), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034


Micro Combined Heat and Power Market Size, Share, and Analysis, By Prime Mover (Stirling Engine, Internal Combustion Engine, and Fuel Cell), By Capacity (Up to 2 kW, 2 kW to 10 kW, and 10 kW to 50 kW), By Fuel (Natural Gas & LPG, Coal, Renewable Resources, and Oil), By Application (Residential and Commercial), By Region (North America, Europe, Asia-Pacific, and Rest of the World), And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Micro Combined Heat and Power Market is predicted to grow at a CAGR of 12.4% in the forecast period (2024-2034), with the market size valued at USD 4.6 billion in 2023 and projected to reach USD 16.9 billion by 2034.

Micro Combined Heat and Power (Micro-CHP) is a decentralized energy solution that generates heat or power on a smaller scale and finds applications in homes, small enterprises, and community settings. Micro-CHP units use a variety of energy sources such as natural gas, biomass, and hydrogen, to provide heat for heating spaces, hot water, and other thermal requirements along with electricity. In addition, the capacity of Micro-CHP to absorb and use waste heat to improve efficiency makes it different from conventional methods. Consequently, it offers significant benefits such as low carbon emissions, better energy efficiency, and potential cost savings. Thus, by integrating heat and power generation in a single system, Micro-CHP provides sustainability and energy security at a smaller scale, thereby making it an appealing choice for sustainable energy solutions in various settings.

MARKET HIGHLIGHTS

Micro Combined Heat and Power Market is anticipated to reach USD 16.9 billion, growing at a CAGR of 12.4% during the forecast period, owing to the increasing focus on energy efficiency and decentralized energy production. This growth is attributed to the rising concern regarding carbon emissions and energy security across residential, commercial, and industrial sectors. Moreover, new developments in technology, such as the integration of Micro-CHP systems with smart grid technologies and renewable energy sources, further contribute to its growing appeal. Besides, Micro-CHP systems offer cost-effective solutions by using waste heat, reducing dependence on conventional energy sources, and improving grid stability. These factors provide a promising outlook for Micro-CHP systems, with reports suggesting sustained growth due to a high focus on eco-friendly and economically viable energy solutions.

Micro Combined Heat and Power Market Segments:
  • By Prime Mover
  • Stirling Engine
  • Internal Combustion Engine
  • Fuel Cell
  • By Capacity
  • Up to 2 kW
  • 2 kW to 10 kW
  • 10 kW to 50 kW
  • By Fuel
  • Natural Gas and LPG
  • Coal
  • Renewable Resources
  • Oil
  • By Application
  • Residential
  • Commercial
MARKET DYNAMICS

Growth Drivers

Growing Emphasis on Energy Efficiency and Sustainability Has Propelled the Industry

Government Assistance and Incentives Have Accelerated Market Expansion

Restraint

High Cost and Return on Investment of Micro Combined Heat & Power Systems Will Impact the Growth

Key Players
  • Viessmann Group
  • Bosch Thermotechnology
  • BDR Thermea Group
  • Vaillant Group
  • Mitsubishi Heavy Industries
  • WhisperTech Ltd.
  • Yanmar Holdings Co., Ltd.
  • Ceres Power Holdings plc
  • Honda Power
  • Aisin Seiki Co., Ltd.
  • Marathon Engine Systems
  • Dantherm Power A/S
  • 2G Energy AG
  • Samad Power Ltd.
  • Clearedge Power
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 2-3 business days upon order confirmation*

Table of Contents

541 Pages
1.Executive Summary
1.1. Regional Market Share
1.2.Business Trends
1.3. Micro Combined Heat and Power Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
2.5.1.Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1.Market Definition
3.2.Micro Combined Heat and Power Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data
4.Micro Combined Heat and Power Market – Industry Insights
4.1. Industry Segmentation
4.2.COVID-19 overview of world economy
4.3.Industry ecosystem Channel Analysis
4.4.Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends
8.Risk Analysis
9. Market Analysis
9.1.Porter"s Five Forces
9.2. PEST Analysis
9.2.1.Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10.Micro Combined Heat and Power Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Micro Combined Heat and Power Market Size & Forecast 2024A-2034F
11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
11.3.1.By Prime Mover
11.3.1.1. Stirling Engine
11.3.1.1.1.By Value (USD Million) 2024-2034F
11.3.1.1.2. Market Share (%) 2024-2034F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Internal Combustion Engine
11.3.1.2.1. By Value (USD Million) 2024-2034F
11.3.1.2.2.Market Share (%) 2024-2034F
11.3.1.2.3.Y-o-Y Growth (%) 2024-2034
11.3.1.3.Fuel Cell
11.3.1.3.1. By Value (USD Million) 2024-2034F
11.3.1.3.2.Market Share (%) 2024-2034F
11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.2. By Capacity
11.3.2.1.Up to 2 kW
11.3.2.1.1. By Value (USD Million) 2024-2034F
11.3.2.1.2.Market Share (%) 2024-2034F
11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.2.2. 2 kW to 10 kW
11.3.2.2.1.By Value (USD Million) 2024-2034F
11.3.2.2.2. Market Share (%) 2024-2034F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.3. 10 kW to 50 kW
11.3.2.3.1.By Value (USD Million) 2024-2034F
11.3.2.3.2. Market Share (%) 2024-2034F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.By Fuel
11.3.3.1.Natural Gas and LPG
11.3.3.1.1. By Value (USD Million) 2024-2034F
11.3.3.1.2.Market Share (%) 2024-2034F
11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Coal
11.3.3.2.1.By Value (USD Million) 2024-2034F
11.3.3.2.2. Market Share (%) 2024-2034F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.3. Renewable Resources
11.3.3.3.1.By Value (USD Million) 2024-2034F
11.3.3.3.2. Market Share (%) 2024-2034F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.4. Oil
11.3.3.4.1.By Value (USD Million) 2024-2034F
11.3.3.4.2. Market Share (%) 2024-2034F
11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.By Application
11.3.4.1.Residential
11.3.4.1.1. By Value (USD Million) 2024-2034F
11.3.4.1.2.Market Share (%) 2024-2034F
11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Commercial
11.3.4.2.1.By Value (USD Million) 2024-2034F
11.3.4.2.2. Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
12.North America Micro Combined Heat and Power Market Size & Forecast 2024A-2034F
12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Prime Mover
12.3.2.By Capacity
12.3.3.By Fuel
12.3.4. By Application
12.4. Country
12.4.1. United States
12.4.2. Canada
13.Europe Micro Combined Heat and Power Market Size & Forecast 2024A-2034F
13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1.By Prime Mover
13.3.2.By Capacity
13.3.3.By Fuel
13.3.4. By Application
13.4.Country
13.4.1.Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14.Asia-Pacific Micro Combined Heat and Power Market Size & Forecast 2024A-2034F
14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
14.3.1.By Prime Mover
14.3.2. By Capacity
14.3.3. By Fuel
14.3.4. By Application
14.4. Country
14.4.1.India
14.4.2. China
14.4.3. South Korea
14.4.4.Japan
14.4.5.Rest of APAC
15.Middle East and Africa Micro Combined Heat and Power Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1.By Prime Mover
15.3.2.By Capacity
15.3.3.By Fuel
15.3.4. By Application
15.4.Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4.South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Micro Combined Heat and Power Market Size & Forecast 2024A-2034F
16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Prime Mover
16.3.2.By Capacity
16.3.3.By Fuel
16.3.4. By Application
16.4.Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1.Viessmann Group
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2.Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2.Bosch Thermotechnology
18.3.BDR Thermea Group
18.4. Vaillant Group
18.5. Mitsubishi Heavy Industries
18.6.WhisperTech Ltd.
18.7.Yanmar Holdings Co., Ltd.
18.8. Ceres Power Holdings plc
18.9.Honda Power
18.10.Aisin Seiki Co., Ltd.
18.11. Marathon Engine Systems
18.12.Dantherm Power A/S
18.13.2G Energy AG
18.14.Samad Power Ltd.
18.15.Clearedge Power
18.16.Other Prominent Players
19. Appendix
20.Consultant Recommendation

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