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North America Micro CHP Market Size
- Report ID: GMI4637
- Published Date: Apr 2020
- Report Format: PDF
North America Micro CHP Market Size
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.
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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2019 |
| North America Micro CHP Market Size in 2019: | 6.89 Million (USD) |
| Forecast Period: | 2020 to 2026 |
| Forecast Period 2020 to 2026 CAGR: | 7.6% |
| 2026 Value Projection: | 8.70 Million (USD) |
| Historical Data for: | 2015 to 2019 |
| No. of Pages: | 140 |
| Tables, Charts & Figures: | 212 |
| Segments covered: | Capacity, Fuel, Prime Mover, Application |
| Growth Drivers: |
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Frequently Asked Questions (FAQ) :
North America Micro CHP Market Scope
