Global Micro CHP Market Trends, Size, Competitive Analysis and Forecast - 2018-2023

Micro combined heat and power (micro-CHP) is a combined technology which generates heat and electricity by using the fuel cell or through an internal combustion engine. The produced energy supports in providing power in individual homes, complexes and buildings. Heat is the main output of a micro-CHP system, with electricity generation in a ratio of about 6:1 for domestic appliances. Factors motivating the growth of this market is increasing government support & initiative for generation of renewable energy in emerging region such as Asia Pacific. This is due to its multiple energy generation specialties, heat and electricity generated simultaneously without any carbon residue. Micro CHP high price and maintenance cost may affect the growth of micro CHP market. However, continuous improvement from the global player in micro CHP devices has provided better heating boiler substitute. In addition, its uses in residential purpose towards smart energy are expected to bring new opportunity to this market

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Geographically micro CHP market is divided into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region represents considerably the largest market for Micro CHP in terms of its uses and revenue generation. It is due to increasing R&D funding by government for generation of smart and renewable energy. Europe and North America are expected to have a lucrative growth in this market. The increasing adoption of renewable energy and hike in electricity prices the major reasons for Micro CHP market growth. The major countries that will contribute to the market are the US, Canada, UK, Germany, Spain, France, and Italy.

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Global Micro CHP Market Segmentation

By technology
• Internal combustion engine
• Organic rankine cycle
• Fuel cells
• Stirling engine technology
• Gas turbines
• Combined cycle gas turbines
• Steam turbines

By type
• Engine based
• Fuel cell based

By end-user
• Residential
• Commercial

Competitive landscape
• Key strategies
• Key company analysis

Regional analysis
• North america
o United states
o Canada

• Europe
o Uk
o Germany
o Spain
o France
o Italy
o Rest of europe

• Asia pacific
o India
o China
o Japan
o Rest of asia pacific

• Rest of the world

Company profiles
• Aegis energy services, llc
• Aisin seiki co., ltd.
• Atco group
• Bdr thermea group
• Ceres power holdings plc
• Centrica business solutions
• Contatti enerblu cogeneration
• Evo energy technologies pty ltd
• General electric company
• Honda motor co., ltd.

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