Micro Combined Heat and Power Market By Capacity (> 10 ≤ 50 kW, > 2 ≤ 10 kW and Less than 2 kW), Prime Mover (Fuel Cell, Internal Combustion Engine, Stirling Engine and Other Prime Movers), Fuel (Oil, Natural Gas & LPG, Renewable Resources, Coal and Other Fuels) and Application (Commercial and Residential) - Global Industry Analysis And Forecast To 2025
The micro combined heat & power is also known as the micro CHP or the mCHP is an augmentation of the possibility of the cogeneration to the family home or the little office in the range of up to 50 kW. The generation at local grounds has the potential for the higher productivity than the conventional framework level generators as it does not have the 8-10% losses of energy from the electricity transporting for long distance. It additionally comes up short on the 10– 15% losses of energy from transfer of heat in the region heating systems because of the distinction between the colder external environment and the carrier of thermal energy (the hot water). Therefore, the Micro Combined Heat and Power Market is anticipated to expand and has tremendous scope during the forecast period. The global Micro Combined Heat and Power Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Based on Capacity the market is segmented into > 10 ≤ 50 kW, > 2 ≤ 10 kW and Less than 2 kW. The Less than 2 kW is showing increased growth owing to rising demand from residential setups for continuous & reliable power supply, faster rate of urbanization, etc.
Based on Prime Mover the market is segmented into Fuel Cell, Internal Combustion Engine, Stirling Engine and Other Prime Movers. The Stirling Engine section is leading the market owing to increasing demand & adoption of these engines from residential setups, lower emissions of gas, etc.
Based on Fuel the market is segmented into Oil, Natural Gas & LPG, Renewable Resources, Coal and Other Fuels. The Natural Gas & LPG section is showing significant growth in the market less cost of these fuels and greater quantity of these fuels available.
Based on Application the market is segmented into Commercial and Residential. The Residential section is leading the market owing rising demand for systems that are energy efficient, rules & regulations related to emissions in buildings, etc.
The Asia Pacific region is leading the global Micro Combined Heat and Power Market with Japan dominating owing to increasing number of initiatives undertaken to for deployment of the CPH systems, increasing demand & adoption for sustainable technologies, etc.
Micro Combined Heat and Power Market, By Region
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
Veolia and Aegis energy
Marathon Engine Systems
2G Energy AG
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2025?
What will be the industry market growth from 2015 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?