Micro Combined Heat & Power (Micro CHP) Market Share 2022: Global Key Findings, Industry Demand, Regional Analysis, Key Players Profiles, Future Prospects and Forecasts to 2027

The Micro Combined Heat & Power (Micro CHP) Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The Global Micro Combined Heat & Power (Micro CHP) Market Size is Projected to Reach at a CAGR of 14% during 2022-2027.

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Market Overview

Biogas-based micro CHP systems are expected to witness significant growth during the forecast period.
The Office of Fossil Energy, under the US Department of Energy, has announced nearly USD 30 million in federal funding for cost-shared research and development projects for small-scale solid oxide fuel cell (SOFC) systems and hybrid energy systems. The funding seeks to develop advanced technologies for the SOFC hybrid system using solid oxide electrolyze cell technologies. Such steps to develop fuel cell technology is likely to be adopted in the fuel cell micro CHP systems and would create an opportunity for the market to grow in the near future.
Asia-Pacific is likely to dominate the market during the forecast period, with the majority of the demand coming from Japan and China.

Top Leading Companies:

Ceres Power Holdings Plc, Viessmann Group, BDR Thermea Group, Solid Power, Dantherm Power, Vaillant Group, Yanmar Holdings Co. Ltd., Honda Power

Recent Development:

Ceres Power Holdings plc ("Ceres", the "Company") (AIM: CWR.L), a leader in solid oxide fuel cell (SOFC) technology and Bosch Group, a global leader in Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology, today published a joint press release on the next phase of their strategic collaboration, shown at the end of this statement. 
Solid Power, Inc. (“Solid Power”), an industry-leading developer of all-solid-state battery cells for electric vehicles, today announced the completion of its previously announced business combination following a special meeting of Decarbonization Plus Acquisition Corporation III’s (“DCRC”) (NASDAQ: DCRC) stockholders on December 7, 2021. The combined company will retain the Solid Power, Inc. name and its common stock and warrants are expected to commence trading on the Nasdaq Global Select Market under the ticker symbols “SLDP” and “SLDPW,” respectively, on December 9, 2021.

Micro Combined Heat & Power (Micro CHP) Market Segmentation by Type:

Engine
Fuel Cell

Micro Combined Heat & Power (Micro CHP) Market Segmentation by Application:

Residential
Commercial

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Asia-Pacific to Dominate the Market
Asia-Pacific is the largest market for micro CHP in the world and is expected to continue to maintain this dominance during the forecast period as well. The region’s micro-CHP market is mainly dominated by Japan and a few emerging countries, such as China and South Korea.
In Japan, in recent years, fuel cell-based micro-CHP has become a widely preferred form of heat and electricity generation in residential and commercial segments, such as hotels, public facilities, hospitals, Institutions, to incur power savings and for reliable energy supply.​ The sales of micro-CHP by the Ene-Farm program began in 2009 in the country, much ahead of the rest of the world.
Apart from a shift toward grid-independent power generation, favourable government policies are also a major driver for the adoption of micro-CHP in the country. Foreign Direct Investments and special measure laws for new energy use were implemented to fasten the growth of the CHP market in Japan.​ Also, in the wake of the Tohoku earthquake and Fukushima nuclear crisis, the Japanese government is promoting the industrial CHP system as safer and cost-effective electricity generation. Hence, these are the major factors driving the micro-CHP market in the country.​

Regional Micro Combined Heat & Power (Micro CHP) Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Highlights of the Micro Combined Heat & Power (Micro CHP) Market Report:

Detailed overview of Micro Combined Heat & Power (Micro CHP) Market
Changing the Micro Combined Heat & Power (Micro CHP) market dynamics of the industry
In-depth market segmentation by Type, Application, etc.
Historical, current and projected Micro Combined Heat & Power (Micro CHP) market size in terms of volume and value
Recent industry trends and developments
Competitive landscape of Micro Combined Heat & Power (Micro CHP) Market
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2016 to 2022 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Micro Combined Heat & Power (Micro CHP) Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Micro Combined Heat & Power (Micro CHP) industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

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