Micro Combined Heat and Power Market Research Report- Forecast till 2027

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Micro Combined Heat and Power Market Research Report: Information by Capacity (Up to 2kW, 2 kW to 10 kW, and 10 kW to 50 kW), Fuel (Natural Gas & LPG, Coal, Renewable Resources, and Oil), Prime Mover (Stirling Engine, Internal Combustion Engine, and Fuel Cell), Application (Residential and Commercial), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) – Forecast till 2027

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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

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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

Companies Mentioned

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)