The Infinium Global Research analyzes the Micro Combined Heat and Power Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global micro combined heat and power market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of micro combined heat and power. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the micro combined heat and power market during the period. The global micro combined heat and power market is projected to grow at a CAGR of 21.4% over the forecast period of 2019-2025.
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Rising deployment of sustainable energy technologies along with the introduction of various mandates and norms toward green building codes is one of the driving factors of the micro CHP market. Growing demand for reliable, energy efficient and cost-effective systems for heat and electricity generation across residential and commercial buildings will boost the micro combined heat and power market growth. However, increasing energy prices and stringent rules imposed by the government in the production of CHP systems hamper market growth. Moreover, the development of distributed power generation in North America and the Asia Pacific is expected to provide growth opportunities to the market players.
Growing Segments in the Micro Combined Heat and Power Industry
The global micro CHP market is segmented on the basis of capacity, fuel, prime movers, and applications. On the basis of capacity, the market is segmented into <2 kW, >2<10 kW, and >10<50 kW. The <2 kW segment holds a large market share owing to increasing demand for reliable power supply from residential establishments. Based on fuel, the sub-markets include natural gas & LPG, coal, renewable resources, oil, and other fuels. The natural gas & LPG segment holds a large market share due to its abundant availability and cost-effectiveness. Based on prime movers, the market is segmented into gas turbine, micro turbine, reciprocating engine, steam turbine, and fuel cell. By application, the market is categorized into commercial and residential.
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Asia-Pacific Holds the Largest Market Share of the Global Micro CHP Market
Among the regions, Asia-Pacific holds the largest market share of the global micro CHP market. The increasing demand for clean power, favorable government regulations, and government initiatives to increase the adoption of micro-CHP are driving the growth of the market in the Asia-Pacific region. Japan holds a large market share of the global micro CHP market due to large technological advancement.
Key Players of the Micro Combined Heat and Power Industry
Some of the industry participants of the global micro CHP market are Cogen micro systems, Climate Energy LLC, Ceres power holding PLC, BDR thermea group, Yanmar Co., Ltd., Valliant group, 2G Energy, The Viessmann Group, General Electric, and Siemens AG among the others.
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- Comprehensive analysis of global as well as regional markets of the Micro Combined Heat and Power.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.