Global Micro Combined Heat and Power Market Remains Afloat amid COVID-19 Pandemic, to Surge Positively, Projects QMI| BDR Thermea, Viessmann, General Electric, AISIN SEIKI

The Global Micro Combined Heat and Power market valued at USD 1.2 billion in 2019 is projected to grow at 9.7% CAGR over the forecast period.

However, the COVID-19 crisis has impacted the growth trajectory as the demand for Micro Combined Heat and Power has fallen sharply. At the same time, some of the world’s leading manufacturers of Micro Combined Heat and Power are confident that the post-pandemic era will herald an uptick in the sales of Micro Combined Heat and Power. Based on these trends, QMI forecasts that the Micro Combined Heat and Power market will experience a recovery in the long term.

Key Takeaways of the Micro Combined Heat and Power Market Study

• Rise in distributed power generation, especially for natural gas based distributed generation has provided opportunities particularly for a gas engine, fuel cell and microturbine based CHP systems.
• The market is driven by the transition towards natural gas fired power generation in Asia Pacific and increasing requirement of heat and steam in industries and municipal sectors.
• Increase in government mandates for the heat and power generation standards in industries, and stringent government regulations regarding the conventional fuel gases in Europe is expected to propel the growth of the market
• Rising government subsidies for the natural gas infrastructure and usage, rising demand for natural gas in industrial and automotive applications, and rising awareness of pollution across the globe are key growth drivers.

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Notable Development Trends to Open up New Horizons of Growth for Micro Combined Heat and Power Market
The leading companies in the market are focused on the product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
• In April 2018, GE signed an agreement with Green tech to supply 21 Jenbacher gas engines for CHP generation in Russian food and beverage glass, agriculture and chemical processes industries.
• In February 2018, 2G Energy installed a 600 kW CHP plant at the KB Specialty Foods facility in Indiana, US. The plant was expected to utilize biogas produced from waste food in the plant convert it into electrical and thermal power.
The main players include in the market are Yanmar, Vaillant, Marathon Engine Systems, ENER-G Rudox, BDR Thermea, Viessmann, General Electric, AISIN SEIKI, Siemens, 2G Energy AG, Veolia, Samad Power and Aegis Energy.

Major points covered in the report:

1. An overview of the market, including background and evolution
2. Macroeconomic factors affecting the market and its potential
3. Market dynamics, such as drivers, challenges, and trends
4. Detailed value chain analysis of the market
5. The cost structure of the products and segments covered in the study
6. In-depth pricing analysis, by key product segments, regions and by major market participants
7. Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
8. Analysis of the market structure, including a tier-wise categorization of key market participants
9. Competitive landscape of the market, including detailed profiles of the top players in this market

Market Segmentation:

By Capacity
• Upto 10 MW
• 10 MW to 150 MW
• 150 MW to 300 MW
• Above 300 MW

By Prime Mover
• Gas Turbine
• Steam Turbine
• Fuel cell
• Reciprocating Engine
• Microturbine

By Fuel
Coal
• Natural Gas
• Biogas
• Nuclear
• Diesel
• Others

By End-User Industry
• Utilities
• Onsite Commercial
• Onsite Industrial
• Residential
• Others

By Region:
• North America Micro Combined Heat and Power Market
o By Country (US, Canada, Mexico)
o By Capacity
o By Prime Mover
o By Fuel
o By End-User
• Europe Micro Combined Heat and Power Market
o By Country (Germany, Russia UK, France, Italy, Spain, Rest of Europe)
o By Capacity
o By Prime Mover
o By Fuel
o By End-User
• Asia Pacific Micro Combined Heat and Power Market
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Capacity
o By Prime Mover
o By Fuel
o By End-User
• Middle East & Africa Micro Combined Heat and Power Market
o By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
o By Capacity
o By Prime Mover
o By Fuel
o By End-User
• South America Micro Combined Heat and Power Market
o By Country (Brazil, Argentina, Colombia, Rest of South America)
o By Capacity
o By Prime Mover
o By Fuel
o By End-User

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This release was published on openPR.