Micro CHP Market Size

Micro CHP Market Size

Micro CHP Market size exceeded USD 1 billion in 2021 and is projected to expand at over 9% CAGR from 2022 to 2030. Rising infrastructural developments owing to escalating economic development primarily across emerging nations will spur the market growth.

To get key market trends

  Download Free Sample

A paradigm shift toward the application of sustainable and efficient heat generation units across residential & commercial establishments will drive the business trend. Moreover, rising concerns toward increasing carbon emissions along with growing focus on waste management has led to the development of enhanced & efficient capacity cogeneration units which in turn will stimulate the industry dynamics.

The COVID-19 outbreak has marginally impacted the micro combined heat and power industry, in terms of reduced workforce and limited industrial operations. However, a decrement in the number of infected cases resulted in the resumption of industrial activities. Furthermore, continuous private and public sector investments for sustainable generation resources across emerging economies will positively lead to product adoption.