Description
Micro Combined Heat and Power Market Research Report- Forecast till 2027
Market Snapshot
The global micro combined heat and power market is expected to register substantial market growth during the forecast period. A combined heat and power (MCHP) framework, is also called the miniature age, creates power and nuclear power at the same time from a solitary fuel hotspot for individual houses, private structures, and some business workplaces.
Such a framework is introduced to diminish fossil fuel by-products and fuel costs. MCHP for the most part works in applications having up to 50 kW of power limit. MCHP frameworks are situated at or close to the end-use site. MCHP frameworks have applications in private and business areas.
Practical energy productivity alludes to the utilization of lesser energy needed to play out a capacity with a base conceivable expense, accordingly, thus, decreasing energy waste and contamination. Energy productivity has a gigantic potential to support the country’s financial development and diminish ozone-depleting substance outflows.
In addition, customers in the worldwide market are additionally zeroing in on utilizing productive energy age sources to bring down energy costs and forestall contamination. However, the challenges in the implementation of MCHP projects due to lack of infrastructure are expected to restrain the global market growth during the review period.
Market Segmentation
Based on capacity, the micro combined heat and power market has been classified into up to 2 kW, 2 kW to 10 kW, and 10 kW to 50 kW.
In terms of prime mover, the global market has been categorized into Stirling engine, internal combustion engine, and fuel cell.
In terms of application, the micro combined heat and power market has been divided into residential and commercial. By fuel, the micro combined heat and power market has been classified into natural gas & LPG, renewables resources, coal, and oil.
Regional Analysis
North America is one of the most noticeable geographic in the combined heat and power market, because of an expansion in the improvement of sustainable power sources and government drives to advance producing power through cogeneration or CHP.
European nations have taken on numerous techniques to lessen fossil fuel by-products. One of the significant methodologies embraced is expanding the utilization of petroleum gas rather than coal for power age. Europe, in contrast with different districts, has lower accessibility of normal assets.
Nations in Asia-Pacific are creating at a quick rate as far as assembling yield and administrations advertised.
The Middle East and Africa are one of the conspicuous areas for creating gaseous petrol on the planet. South America is a steadily developing market attributable to the developing number of uses of MCHP frameworks in business and different areas in the district.
Major Players
The key players operating in the global micro combined heat and power market includes Honda Power (Japan), Vaillant Group (Germany), Yanmar Holdings Co. (Japan), Ceres Power Holdings Plc (UK), Qnergy (US), Aisin Corporation (Japan), BDR Thermea Group (Netherlands), Centria Plc (US), Viessmann Group (Germany), Dantherm Power (Denmark), Enginuity Power Systems (US), and Solid Power (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market.
Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
Related Reports: Exhaust Heat Recovery System Market Research Report – Forecast till 2026
Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 15
1.1 MARKET ATTRACTIVENESS ANALYSIS 17
1.1.1 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY 18
1.1.2 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY FUEL 19
1.1.3 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER 20
1.1.4 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION 21
1.1.5 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY REGION 22
2 MARKET INTRODUCTION 23
2.1 DEFINITIONS 23
2.2 SCOPE OF THE STUDY 23
2.3 RESEARCH OBJECTIVE 23
2.4 MARKET STRUCTURE 24
2.5 KEY BUYING CRITERIA 24
3 RESEARCH METHODOLOGY 25
3.1 RESEARCH PROCESS 25
3.2 PRIMARY RESEARCH 26
3.3 SECONDARY RESEARCH 27
3.4 MARKET SIZE ESTIMATION 28
3.5 FORECAST MODEL 29
3.6 LIST OF ASSUMPTIONS 29
4 MARKET INSIGHTS 30
5 MARKET DYNAMICS 33
5.1 INTRODUCTION 33
5.2 DRIVERS 34
5.2.1 NEED FOR COST-EFFICIENT AND COMPETITIVE ENERGY SYSTEMS 34
5.2.2 HIGH FOCUS ON CARBON REDUCTION FROM POWER GENERATING SYSTEMS 34
5.3 RESTRAINTS 35
5.3.1 CHALLENGES IN THE IMPLEMENTATION OF MCHP PROJECTS DUE TO LACK OF INFRASTRUCTURE 35
5.4 OPPORTUNITIES 35
5.4.1 SUPPORT FROM GOVERNMENTS THROUGH INCENTIVES AND SUBSIDIES 35
5.5 IMPACT ANALYSIS OF COVID-19 35
5.5.1 IMPACT ON THE OVERALL ENERGY & POWER INDUSTRY 35
5.5.2 ECONOMIC IMPACT 36
5.5.3 IMPACT ON THE MCHP MARKET 36
5.5.4 IMPACT ON SUPPLY CHAIN OF MCHP MARKET 36
5.5.4.1 PRICE VARIATION OF KEY RAW MATERIALS 36
5.5.4.2 PRODUCTION SHUTDOWN 36
5.5.4.3 CASH FLOW CONSTRAINTS 36
5.5.4.4 IMPACT ON IMPORT/EXPORT 37
5.5.5 IMPACT ON MARKET DEMAND FOR MCHP 37
5.5.5.1 IMPACT DUE TO LOCKDOWN 37
5.5.5.2 CONSUMER SENTIMENTS 37
5.5.5.3 IMPACT ON PRICING OF MCHP MARKET 37
6 OVERVIEW OF LIQUID AIR ENERGY STORAGE MARKET 38
6.1 INTRODUCTION 38
6.1.1 CHARGING THE SYSTEM 38
6.1.2 DISCHARGING SYSTEM 38
6.1.3 ENERGY STORE 38
6.1.4 THE MAJOR COMPONENTS OF LAES 38
6.1.5 THE MAJOR APPLICATIONS OF LAES 39
6.1.6 KEY DEVELOPMENTS IN LAES MARKET 39
6.1.7 KEY RECENT DEVELOPMENTS IN LAES MARKET 39
7 MARKET FACTOR ANALYSIS 40
7.1 SUPPLY CHAIN ANALYSIS 40
7.1.1 RAW MATERIAL & COMPONENT SUPPLY 40
7.1.2 MANUFACTURE & ASSEMBLY 41
7.1.3 SALES & DISTRIBUTION 41
7.1.4 APPLICATIONS 41
7.1.5 AFTERSALES 41
7.2 PORTER’S FIVE FORCES MODEL 42
7.2.1 THREAT OF NEW ENTRANTS 42
7.2.2 BARGAINING POWER OF SUPPLIERS 43
7.2.3 THREAT OF SUBSTITUTES 43
7.2.4 BARGAINING POWER OF BUYERS 43
7.2.5 INTENSITY OF RIVALRY 43
8 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY 44
8.1 OVERVIEW 44
8.2 UP TO 2 KW 45
8.3 2 KW TO 10 KW 45
8.4 10 TO 50 KW 45
9 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY FUEL 46
9.1 OVERVIEW 46
9.2 NATURAL GAS & LPG 47
9.3 COAL 47
9.4 RENEWABLE RESOURCES 47
9.5 OIL 47
10 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY PRIME MOVER 48
10.1 OVERVIEW 48
10.2 STIRLING ENGINE 49
10.3 INTERNAL COMBUSTION ENGINE 49
10.4 FUEL CELL 49
11 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET,BY APPLICATION 50
11.1 OVERVIEW 50
11.2 RESIDENTIAL 51
11.2.1 SPACE HEATING/COOLING 51
11.2.2 WATER HEATING 52
11.2.3 COOKING 52
11.2.4 LIGHTNING 52
11.2.5 EV CHARGING 52
11.2.6 OTHERS 52
11.3 COMMERCIAL 52
11.3.1 EDUCATIONAL INSTITUTE 53
11.3.2 OFFICE BUILDINGS 53
11.3.3 HEALTHCARE BUILDINGS 53
11.3.4 OTHERS 53
12 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY REGION 54
12.1 OVERVIEW 54
12.2 NORTH AMERICA 55
12.2.1 US 57
12.2.2 CANADA 59
12.2.3 MEXICO 61
12.3 EUROPE 63
12.3.1 GERMANY 65
12.3.2 UK 67
12.3.3 RUSSIA 69
12.3.4 ITALY 71
12.3.5 REST OF EUROPE 73
12.4 ASIA-PACIFIC 75
12.4.1 CHINA 77
12.4.2 JAPAN 79
12.4.3 INDIA 81
12.4.4 SOUTH KOREA 83
12.4.5 REST OF ASIA-PACIFIC 85
12.5 MIDDLE EAST & AFRICA 87
12.5.1 SAUDI ARABIA 89
12.5.2 UAE 91
12.5.3 SOUTH AFRICA 93
12.5.4 REST OF MIDDLE EAST & AFRICA 95
12.6 SOUTH AMERICA 97
12.6.1 BRAZIL 99
12.6.2 ARGENTINA 100
12.6.3 REST OF SOUTH AMERICA 102
13 COMPETITIVE LANDSCAPE 104
13.1 COMPETITIVE OVERVIEW 104
13.2 COMPETITIVE BENCHMARKING 105
13.3 MARKET SHARE ANALYSIS 106
14 COMPANY PROFILES 107
14.1 HONDA POWER 107
14.1.1 COMPANY OVERVIEW 107
14.1.2 FINANCIAL OVERVIEW 108
14.1.3 PRODUCTS OFFERED 108
14.1.4 KEY DEVELOPMENTS 109
14.1.5 SWOT ANALYSIS 109
14.1.6 HONDA INDIA POWER PRODUCTS LTD 109
14.2 VAILLANT GROUP 110
14.2.1 COMPANY OVERVIEW 110
14.2.2 FINANCIAL OVERVIEW 110
14.2.3 PRODUCTS OFFERED 110
14.2.4 KEY DEVELOPMENTS 110
14.2.5 SWOT ANALYSIS 111
14.3 YANMAR HOLDINGS CO. 112
14.3.1 COMPANY OVERVIEW 112
14.3.2 FINANCIAL OVERVIEW 112
14.3.3 PRODUCTS OFFERED 113
14.3.4 KEY DEVELOPMENTS 113
14.3.5 SWOT ANALYSIS 114
14.3.6 KEY STRATEGIES 114
14.4 CERES POWER HOLDINGS PLC 115
14.4.1 COMPANY OVERVIEW 115
14.4.2 FINANCIAL OVERVIEW 116
14.4.3 PRODUCTS OFFERED 116
14.4.4 KEY DEVELOPMENTS 117
14.4.5 SWOT ANALYSIS 117
14.5 QNERGY 118
14.5.1 COMPANY OVERVIEW 118
14.5.2 FINANCIAL OVERVIEW 118
14.5.3 PRODUCTS OFFERED 118
14.5.4 KEY DEVELOPMENTS 119
14.5.5 SWOT ANALYSIS 119
14.6 AISIN CORPORATION 120
14.6.1 COMPANY OVERVIEW 120
14.6.2 FINANCIAL OVERVIEW 120
14.6.3 PRODUCTS OFFERED 121
14.6.4 KEY DEVELOPMENTS 121
14.6.5 SWOT ANALYSIS 122
14.7 BDR THERMEA GROUP 123
14.7.1 COMPANY OVERVIEW 123
14.7.2 FINANCIAL OVERVIEW 123
14.7.3 PRODUCTS OFFERED 123
14.8 CENTRICA PLC 124
14.8.1 COMPANY OVERVIEW 124
14.8.2 FINANCIAL OVERVIEW 124
14.8.3 PRODUCTS OFFERED 125
14.8.4 KEY DEVELOPMENTS 125
14.9 VIESSMANN GROUP 126
14.9.1 COMPANY OVERVIEW 126
14.9.2 FFINANCIAL OVERVIEW 126
14.9.3 PRODUCTS OFFERED 126
14.9.4 KEY DEVELOPMENTS 126
14.10 DANTHERM POWER 127
14.10.1 COMPANY OVERVIEW 127
14.10.2 PRODUCTS OFFERED 127
14.10.3 KEY DEVELOPMENTS 127
14.11 ENGINUITY POWER SYSTEMS 128
14.11.1 COMPANY OVERVIEW 128
14.11.2 FINANCIAL OVERVIEW 128
14.11.3 PRODUCTS OFFERED 128
14.11.4 KEY DEVELOPMENTS 128
14.12 SOLID POWER 129
14.12.1 COMPANY OVERVIEW 129
14.12.2 FINANCIAL OVERVIEW 129
14.12.3 PRODUCTS OFFERED 129
14.12.4 KEY DEVELOPMENTS 129
