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North America Micro CHP Market Size By Capacity (< 2 kW, 2 ≤ 10 kW, > 10 ≤ 50 kW), By Fuel (Natural Gas & LPG, Coal, Renewable Resources, Coal), By Prime Mover (Stirling Engine, Internal Combustion Engine, Fuel Cell), By Application (Residential {Space Heating/Cooling, Water Heating, Cooking, Lighting}, Commercial), Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 – 2026

  • Report ID: GMI4637
  • Published Date: Apr 2020
  • Report Format: PDF

Industry Trends

North America Micro CHP market size was valued over USD 6 million in 2019 and is estimated to exceed an annual installation of 2 MW by 2026. Favorable government policies as well as growing inclination toward renewable energy generation across the region will drive the industry growth. In addition, ongoing technological advancements to enhance energy efficiency coupled with rising peak capacity demand across the grid will propel the business scenario.

North America Micro CHP Market Statistics

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Combined heat and power systems are cost effective, reliable, efficient, and an integrated source of power generating system producing heat & electricity under one confined space. The micro CHP system consumes a number of fuels including natural gas, biomass, coal, LPG and oil. Moreover, the generated power is utilized across residential and commercial establishment for space & water heating as well as for electric power production.

Low fuel consumption, high operative flexibility and electricity generation capacity will complement the product adoption

North America Micro CHP Market by Prime Mover

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Internal combustion engine micro CHP exceeded an annual installation of 1 MW in 2019. Rising deployment of regeneration plants across residential establishments on account of their operability, applicability, and energy management toward low power range systems will drive the product demand. High flexibility, low operational & maintenance cost minimal noise pollution and low carbon emissions are some major features which will positively stimulate the North America micro CHP market landscape.

Fuel cell micro CHP will witness an upsurge on account of its low heat to power ratio and ability to utilize single fuel efficiently. Low fuel consumption, high electricity generation capability, and longer product lifecycle are the prominent features that will propel the product adoption.

Ongoing R&D investments toward cogeneration establishments to enhance electrical efficiency and reduce cost will further propel the North America micro CHP market outlook. For instance, BDR Thermea Group launched InnoGen a new fuel cell micro CHP system based on Proton Exchange Membrane technology with high power generation capability and higher efficiency.

Favorable government norms toward adoption of micro-CHP systems will complement the product deployment

Favorable government measures to reduce carbon footprint coupled with growing awareness toward adoption of cleaner fuel technologies will drive the market for residential micro CHP. Moreover, introduction of net metering and micro CHP policies providing incentives, tax reduction, subsidies and rebates will stimulate the industry landscape.

Growing adoption of these units across the U.S residential establishments to cater to electricity outages and electricity security in addition to its applicability toward space and water heating will further augment the North America micro CHP market demand.

Rapid commercialization across various states of Canada and the U.S as well as increasing electricity loads across the grid network will augment the commercial micro CHP segment. Growing electricity cost as well as easy installation without physical & aesthetic limitations will further accelerate the product adoption across the region. Ongoing advanced design to increase the unit’s applicability across traditional and new infrastructure will strengthen the North America micro CHP market scenario.

Growing consumer inclination toward renewable energy generation sources as well as increasing adoption of cleaner fuel across the prime movers will stimulate the industry landscape

Limited area availability for landfills coupled with growing consumer awareness toward waste & incinerator management program will complement renewable based North America micro CHP market trends. For instance, in 2019, the U.S. government announced a revised self-generation incentive program to enhance the adoption of renewable fuels in fuel mixture ratio. Furthermore, favorable government subsidies, tariffs and rebates to increase the consumption of biofuels will positively strengthen the business dynamics.

Cost effectiveness and high efficiency along with ability to generate low carbon footprint are few factors which will drive natural gas based micro CHP industry. For instance, the U.S. introduced R&D programs which includes FutureGen 2.0 & climate change technology platform to improve integrated gasification combined-cycle technology.

In addition, stringent regulatory norms to reduce the reliance of CHP systems on traditional fuels coupled with growing inclination toward gas -fired cogeneration establishments will further boost the North America micro CHP market growth.

Growing inclination toward smart energy distribution network as well as increasing electricity risk will compel the adoption of micro CHP units

>10 ≤ 50 kW capacity was valued over USD 5 million in 2019. Increasing demand for captive power generation technologies coupled with growing inclination toward smart energy distribution network will stimulate the product demand. Moreover, rising electricity failures and risk will enhance the applicability of cogeneration units across commercial infrastructure including multi complexes, heath care centers and business units, which in turn will propel the North America micro CHP market value.

Compact design, low burning risks, longer product lifecycle, and high-power generation with low fuel consumption are some prominent factors which will drive the adoption of < 2 kW capacity micro CHP unit adoption. For instance, BDR Thermea Group in 2019 introduced first compact hydrogen powered boiler utilizing solar & wind energy and further reducing GHG emission up to 100% extent. Furthermore, replacement of large traditional boilers to minimize space requirement and reduce carbon footprint will propel the product deployment.

The U.S. is set to dominate North America micro CHP market trends

North America Micro CHP Market by Capacity

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Replacement and restoration of conventional CHP systems as well as ongoing technological advancements to enhance reliability and efficiency of these units will drive the product adoption. In addition, favorable government initiatives, CHP-inclined policies and state incentives are some of the major measures which will complement the North America micro CHP market across the U.S.

Ongoing COVID-19 pandemic across the region will certainly restrain the deployment of these units. Moreover, non-operational manufacturing, logistics, and installation will further slow the industry growth. However, the need to sustainably cater to the growing energy demand as well as ongoing adoption of compact cogeneration systems across district heating distribution networks will boost the North America micro CHP market.

Demand of technological advanced micro combined heat and power system will act as the central point of industry players

Ongoing mergers & acquisition across the industry coupled with favorable government policies toward the adoption of advanced cogeneration system will boost the business outlook. Eminent players operational across the North America micro CHP industry includes BDR Thermea, Yanmar, Marathon Engine Systems, ENER-G Rudox, Viessmann, General Electric, Siemens, AISIN SEIKI, 2G Energy AG, Veolia, TEDOM and Ballard Power system.

North America Micro CHP market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD” from 2015 to 2026, for the following segments:

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By Capacity

  • > 2 kW
  • 2 ≤ 10 kW
  • > 10 ≤ 50 kW

By Fuel

  • Natural Gas & LPG
  • Coal
  • Renewable Resources
  • Oil
  • Others

By Prime Mover

  • Stirling Engine
  • Internal Combustion Engine
  • Fuel Cell
  • Others

By Application

  • Residential
    • Space Heating/Cooling
    • Water Heating
    • Cooking
    • Lightning
    • Others
  • Commercial

The above information has been provided for the following region and country:

By Country

  • North America
    • U.S
    • Canada
Authors: Ankit Gupta, Riya Gupta

Frequently Asked Questions (FAQ) :

The north america micro chp market is likely to register a crcr of 7.6% over the forecast period.

The north america micro chp market in 2019 exhibited a revenue of $6.89 million.

According to the report published by Global Market Insights Inc., the North America Micro Combined Heat & Power business is supposed to attain $8 million by 2026.

Stringent emission norms, reducing dependency on conventional coal fired plant, and growth in the renewable energy sector are major factors expected to drive the market growth.

Yanmar, BDR Thermea, 2G Energy AG, VIESSMANN Manufacturing Company, General Electric, Siemens, Veolia, TEDOM, Marathon Engine System, Ballard Power System Europe A/S, AISIN SEIKI Co. Ltd. are some of the top contributors in the industry.

The internal combustion engine segment registered a major market value in 2019 and is projected to record a remarkable growth rate throughout the forecast period.

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 11
  • Tables & Figures: 212
  • Countries covered: 2
  • Pages: 140
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