Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimates & forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Micro CHP industry 3600 synopsis, 2018 - 2030
2.1.1 Business trends
2.1.2 Capacity trends
2.1.3 Fuel trends
2.1.4 Prime Mover trends
2.1.5 Application trends
2.1.6 Regional trends
Chapter 3 Micro CHP Industry Insights
3.1 Industry segmentation
3.2 Industry ecosystem analysis
3.2.1 Vendor Matrix
3.3 Innovations & technology landscape
3.3.1 EC Power A/S
3.3.2 BDR Thermea Group
3.3.3 2G Energy AG
3.3.4 Yanmar
3.3.5 Veolia
3.3.6 Other innovations
3.4 Regulatory landscape
3.4.1 North America
3.4.1.1 U.S.
3.4.1.1.1 U.S. EPA CHP Partnership
3.4.1.1.2 American Recovery and Reinvestment Act
3.4.1.1.3 Energy Policy Act
3.4.1.1.4 U.S. Acts
3.4.1.1.5 U.S. industry and non-governmental organization
3.4.1.1.5.1 Combined Heat and Power Association (CHPA)
3.4.1.2 Canada
3.4.1.2.1 Ontario’s Conservation First Framework (2015-2020):
3.4.2 Europe
3.4.2.1 EC Directive 2004/8/EC on CHP promotion in the internal energy market
3.4.2.2 Cogeneration Directive
3.4.2.3 Energy Efficiency and Cogeneration Regulations, 2014
3.4.2.4 UK
3.4.2.4.1 CHP Quality Assurance Programme (CHPQA)
3.4.2.4.2 Microgeneration Certification Scheme
3.4.2.5 Germany
3.4.2.5.1 German CHP Act- KWKG 2016
3.4.2.5.2 Renewable Energy Law
3.4.3 Asia Pacific
3.4.3.1 Japan
3.4.3.1.1 IEA EBC Annex 54 “Integration of Micro-Generation and Related Energy Technologies in Buildings” (Act on the Rational Use of Energy)
3.4.3.2 South Korea
3.4.3.2.1 Climate Action Tracker
3.5 COVID- 19 impact on the industry outlook
3.5.1 Top 10 countries impacted by COVID- 19
3.5.2 Overall view
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 North America
3.6.1.1.1 Stringent emission norms
3.6.1.1.2 Reducing dependency on conventional coal fired plant
3.6.1.2 Europe
3.6.1.2.1 Growth in the renewable energy sector
3.6.1.2.2 Increasing demand for space heating
3.6.1.3 Asia Pacific
3.6.1.3.1 Increasing industrialization and urbanization
3.6.1.3.2 Increasing clean energy demand
3.6.2 Industry pitfalls & challenges
3.6.2.1 High upfront Cost
3.7 Growth potential analysis
3.8 Porter’s Analysis
3.8.1 Bargaining power of buyer
3.8.2 Bargaining power of supplier
3.8.3 Threat of new entrants
3.8.4 Threat of substitutes
3.9 Competitive landscape, 2021
3.9.1 Strategy dashboard
3.9.1.1 AISIN CORPORATION
3.9.1.1.1 Agreements
3.9.1.2 Yanmar HOLDINGS CO., LTD.
3.9.1.2.1 New Establishment
3.9.1.2.2 Product Launch
3.9.1.3 BDR Thermea Group
3.9.1.3.1 Product Launch
3.9.1.4 Siemens Energy
3.9.1.4.1 Acquisition
3.9.1.4.2 Agreement
3.9.1.4.3 New manufacturing facility
3.9.1.5 Vaillant
3.9.1.5.1 Agreement
3.9.1.6 Veolia Group
3.9.1.6.1 Joint Venture
3.9.1.7 Axiom Energy Group, LLC
3.9.1.7.1 MOU
3.9.1.8 EC Power A/S
3.9.1.8.1 Product Launch
3.10 PESTLE Analysis
Chapter 4 Micro CHP Market, By Capacity
4.1 Micro CHP market share by capacity, 2021 & 2030
4.2 < 2 kW
4.2.1 Global market from < 2 kW, 2018 - 2030
4.2.2 Global market from < 2 kW, by region, 2018 - 2030
4.3 2 kW to ≤ 10 kW
4.3.1 Global market from 2 kW to ≤ 10 kW, 2018 - 2030
4.3.2 Global market from 2 kW to ≤ 10 kW, by region, 2018 - 2030
4.4 > 10 kW to ≤ 50 kW
4.4.1 Global market from > 10 kW to ≤ 50 kW, 2018 - 2030
4.4.2 Global market from > 10 kW to ≤ 50 kW, by region, 2018 - 2030
Chapter 5 Micro CHP Market, By Fuel
5.1 Micro CHP market share by fuel, 2021 & 2030
5.2 Natural gas & LPG
5.2.1 Global market from natural gas & LPG, 2018 - 2030
5.2.2 Global market from natural gas & LPG, by region, 2018 - 2030
5.3 Coal
5.3.1 Global market from coal, 2018 - 2030
5.3.2 Global market from coal, by region, 2018 - 2030
5.4 Renewable resources
5.4.1 Global market from renewable resources, 2018 - 2030
5.4.2 Global market from renewable resources, by region, 2018 - 2030
5.5 Oil
5.5.1 Global market from oil, 2018 - 2030
5.5.2 Global market from oil, by region, 2018 - 2030
5.6 Others
5.6.1 Global market from others, 2018 - 2030
5.6.2 Global market from others, by region, 2018 - 2030
Chapter 6 Micro CHP Market, By Prime Mover
6.1 Micro CHP market share by prime mover, 2021 & 2030
6.2 Stirling engine
6.2.1 Global market from stirling engine, 2018 - 2030
6.2.2 Global market from stirling engine, by region, 2018 - 2030
6.3 Internal combustion engine
6.3.1 Global market from internal combustion engine, 2018 - 2030
6.3.2 Global market from internal combustion engine, by region, 2018 - 2030
6.4 Fuel cell
6.4.1 Global market from fuel cell, 2018 - 2030
6.4.2 Global market from fuel cell, by region, 2018 - 2030
6.5 Others
6.5.1 Global market from others, 2018 - 2030
6.5.2 Global market from others, by region, 2018 - 2030
Chapter 7 Micro CHP Market, By Application
7.1 Micro CHP market share by application, 2021 & 2030
7.2 Residential
7.2.1 Global market from residential, 2018 - 2030
7.2.2 Global market from residential, by region, 2018 - 2030
7.2.3 Space heating/cooling
7.2.3.1 Global market from space heating/cooling, 2018 - 2030
7.2.3.2 Global market from space heating/cooling, by region, 2018 - 2030
7.2.4 Water heating
7.2.4.1 Global market from water heating, 2018 - 2030
7.2.4.2 Global market from water heating, by region, 2018 - 2030
7.2.5 Cooking
7.2.5.1 Global market from cooking, 2018 - 2030
7.2.5.2 Global market from cooking, by region, 2018 - 2030
7.2.6 Lighting
7.2.6.1 Global market from lighting, 2018 - 2030
7.2.6.2 Global market from lighting, by region, 2018 - 2030
7.2.7 Others
7.2.7.1 Global market from others, 2018 - 2030
7.2.7.2 Global market from others, by region, 2018 - 2030
7.3 Commercial
7.3.1 Global market from commercial, 2018 - 2030
7.3.2 Global market from commercial, by region, 2018 - 2030
7.3.3 Educational institutes
7.3.3.1 Global market from educational institutes, 2018 - 2030
7.3.3.2 Global market from educational institutes, by region, 2018 - 2030
7.3.4 Office buildings
7.3.4.1 Global market from office buildings, 2018 - 2030
7.3.4.2 Global market from office buildings, by region, 2018 - 2030
7.3.5 Healthcare buildings
7.3.5.1 Global market from healthcare buildings, 2018 - 2030
7.3.5.2 Global market from healthcare buildings, by region, 2018 - 2030
7.3.6 Others
7.3.6.1 Global market from others, 2018 - 2030
7.3.6.2 Global market from others, by region, 2018 - 2030
Chapter 8 Micro CHP Market, By Region
8.1 Micro CHP market share by region, 2021 & 2030
8.2 North America
8.2.1 North America market, 2018 – 2030
8.2.2 North America market by capacity, 2018 – 2030
8.2.3 North America market by fuel, 2018 – 2030
8.2.4 North America market by prime mover, 2018 – 2030
8.2.5 North America market by application, 2018 – 2030
8.2.5.1 North America market by residential, 2018 – 2030
8.2.5.2 North America market by commercial, 2018 – 2030
8.2.6 U.S.
8.2.6.1 U.S. market, 2018 – 2030
8.2.6.2 U.S. market by capacity, 2018 – 2030
8.2.6.3 U.S. market by fuel, 2018 – 2030
8.2.6.4 U.S. market by prime mover, 2018 – 2030
8.2.6.5 U.S. market by application, 2018 – 2030
8.2.6.5.1 U.S. market by residential, 2018 – 2030
8.2.6.5.2 U.S. market by commercial, 2018 – 2030
8.2.7 Canada
8.2.7.1 Canada market, 2018 – 2030
8.2.7.2 Canada market by capacity, 2018 – 2030
8.2.7.3 Canada market by fuel, 2018 – 2030
8.2.7.4 Canada market by prime mover, 2018 – 2030
8.2.7.5 Canada market by application, 2018 – 2030
8.2.7.5.1 Canada market by residential, 2018 – 2030
8.2.7.5.2 Canada market by commercial, 2018 – 2030
8.3 Europe
8.3.1 Europe market, 2018 – 2030
8.3.2 Europe market by capacity, 2018 – 2030
8.3.3 Europe market by fuel, 2018 – 2030
8.3.4 Europe market by prime mover, 2018 – 2030
8.3.5 Europe market by application, 2018 – 2030
8.3.5.1 Europe market by residential, 2018 – 2030
8.3.5.2 Europe market by commercial, 2018 – 2030
8.3.6 Germany
8.3.6.1 Germany market, 2018 – 2030
8.3.6.2 Germany market by capacity, 2018 – 2030
8.3.6.3 Germany market by fuel, 2018 – 2030
8.3.6.4 Germany market by prime mover, 2018 – 2030
8.3.6.5 Germany market by application, 2018 – 2030
8.3.6.5.1 Germany market by residential, 2018 – 2030
8.3.6.5.2 Germany market by commercial, 2018 – 2030
8.3.7 UK
8.3.7.1 UK market, 2018 – 2030
8.3.7.2 UK market by capacity, 2018 – 2030
8.3.7.3 UK market by fuel, 2018 – 2030
8.3.7.4 UK market by prime mover, 2018 – 2030
8.3.7.5 UK market by application, 2018 – 2030
8.3.7.5.1 UK market by residential, 2018 – 2030
8.3.7.5.2 UK market by commercial, 2018 – 2030
8.3.8 Italy
8.3.8.1 Italy market, 2018 – 2030
8.3.8.2 Italy market by capacity, 2018 – 2030
8.3.8.3 Italy market by fuel, 2018 – 2030
8.3.8.4 Italy market by prime mover, 2018 – 2030
8.3.8.5 Italy market by application, 2018 – 2030
8.3.8.5.1 Italy market by residential, 2018 – 2030
8.3.8.5.2 Italy market by commercial, 2018 – 2030
8.3.9 Ireland
8.3.9.1 Ireland market, 2018 – 2030
8.3.9.2 Ireland market by capacity, 2018 – 2030
8.3.9.3 Ireland market by fuel, 2018 – 2030
8.3.9.4 Ireland market by prime mover, 2018 – 2030
8.3.9.5 Ireland market by application, 2018 – 2030
8.3.9.5.1 Ireland market by residential, 2018 – 2030
8.3.9.5.2 Ireland market by commercial, 2018 – 2030
8.3.10 Netherlands
8.3.10.1 Netherlands market, 2018 – 2030
8.3.10.2 Netherlands market by capacity, 2018 – 2030
8.3.10.3 Netherlands market by fuel, 2018 – 2030
8.3.10.4 Netherlands market by prime mover, 2018 – 2030
8.3.10.5 Netherlands market by application, 2018 – 2030
8.3.10.5.1 Netherlands market by residential, 2018 – 2030
8.3.10.5.2 Netherlands market by commercial, 2018 – 2030
8.4 Asia Pacific
8.4.1 Asia Pacific market, 2018 – 2030
8.4.2 Asia Pacific market by capacity, 2018 – 2030
8.4.3 Asia Pacific market by fuel, 2018 – 2030
8.4.4 Asia Pacific market by prime mover, 2018 – 2030
8.4.5 Asia Pacific market by application, 2018 – 2030
8.4.5.1 Asia Pacific market by residential, 2018 – 2030
8.4.5.2 Asia Pacific market by commercial, 2018 – 2030
8.4.6 Japan
8.4.6.1 Japan market, 2018 – 2030
8.4.6.2 Japan market by capacity, 2018 – 2030
8.4.6.3 Japan market by fuel, 2018 – 2030
8.4.6.4 Japan market by prime mover, 2018 – 2030
8.4.6.5 Japan market by application, 2018 – 2030
8.4.6.5.1 Japan market by residential, 2018 – 2030
8.4.6.5.2 Japan market by commercial, 2018 – 2030
8.4.7 South Korea
8.4.7.1 South Korea market, 2018 – 2030
8.4.7.2 South Korea market by capacity, 2018 – 2030
8.4.7.3 South Korea market by fuel, 2018 – 2030
8.4.7.4 South Korea market by prime mover, 2018 – 2030
8.4.7.5 South Korea market by application, 2018 – 2030
8.4.7.5.1 South Korea market by residential, 2018 – 2030
8.4.7.5.2 South Korea market by commercial, 2018 – 2030
8.5 Rest of World
8.5.1 Rest of World market, 2018 – 2030
8.5.2 Rest of World market by capacity, 2018 – 2030
8.5.3 Rest of World market by fuel, 2018 – 2030
8.5.4 Rest of World market by prime mover, 2018 – 2030
8.5.5 Rest of World market by application, 2018 – 2030
8.5.5.1 Rest of World market by residential, 2018 – 2030
8.5.5.2 Rest of World market by commercial, 2018 – 2030
Chapter 9 Company Profiles
9.1 AISIN CORPORATION
9.1.1 Business Overview
9.1.2 Financial Data
9.1.3 Product Landscape
9.1.4 Strategic Outlook
9.1.5 SWOT Analysis
9.2 YANMAR HOLDINGS CO., LTD.
9.2.1 Business Overview
9.2.2 Financial Data
9.2.3 Product Landscape
9.2.4 Strategic Outlook
9.2.5 SWOT Analysis
9.3 BDR Thermea Group
9.3.1 Business Overview
9.3.2 Financial Data
9.3.3 Product Landscape
9.3.4 Strategic Outlook
9.3.5 SWOT Analysis
9.4 2G Energy AG
9.4.1 Business Overview
9.4.2 Financial Data
9.4.3 Product Landscape
9.4.4 SWOT Analysis
9.5 VIESSMANN
9.5.1 Business Overview
9.5.2 Financial Data
9.5.3 Product Landscape
9.5.4 SWOT Analysis
9.6 Siemens Energy
9.6.1 Business Overview
9.6.2 Financial Data
9.6.3 Product Landscape
9.6.4 Strategic Outlook
9.6.5 SWOT Analysis
9.7 Veolia
9.7.1 Business Overview
9.7.2 Financial Data
9.7.3 Product Landscape
9.7.4 Strategic Outlook
9.7.5 SWOT Analysis
9.8 Vaillant Group
9.8.1 Business Overview
9.8.2 Financial Data
9.8.3 Product Landscape
9.8.4 Strategic Outlook
9.8.5 SWOT Analysis
9.9 Axiom Energy Group, LLC
9.9.1 Business Overview
9.9.2 Product Landscape
9.9.3 Strategic Outlook
9.9.4 SWOT Analysis
9.10 MTT bv
9.10.1 Business Overview
9.10.2 Financial Data
9.10.3 Product Landscape
9.10.4 SWOT Analysis
9.11 TEDOM
9.11.1 Business Overview
9.11.2 Financial Data
9.11.3 Product Landscape
9.11.4 SWOT Analysis
9.12 EC Power A/S
9.12.1 Business Overview
9.12.2 Financial Data
9.12.3 Product Landscape
9.12.4 Strategic Outlook
9.12.5 SWOT Analysis
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.
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.
Micro CHP Market Analysis
> 10 to ≤ 50 kW capacity micro CHP market is estimated to upsurge due to the robust government laws and mandates to curb greenhouse emissions along with rising inclination for the replacement of traditional cogeneration units. Increased efficiency and reduced energy bills, minimal fuel utilization in line with increasing application of these units across residential and commercial sectors will complement the market statistics. Additionally, continuous expansion of power generation units to satisfy the heat consumption across military bases, schools, and hospitals in line with ongoing technological advancements will foster the industry growth.
Natural gas & LPG fueled micro CHP market share is expected to rise on account of the rising focus to reduce carbon emission along with the vast availability of natural gas as a green fuel source. Improved efficiency, feasible operation, low costs, environmental-friendly, and corrosion-resistant are some of the features that will positively impact the product penetration. In addition, favorable policies, and mandates for the integration of renewable power sources in line with continuous growth in the renewable energy sector will boost the product demand.
Internal combustion engine based micro CHP market is predicted to observe a 8% growth rate till 2030. Rising focus for the development of advanced solutions to reduce the maintenance and operational costs coupled with increasing deployment of efficient cogeneration units across the commercial & residential establishments will augment the market dynamics. Ongoing research and development toward the improvement of power density along with higher suitability of these engines with gas & liquid fuel for stationary power generation will drive the industry potential.
Residential segment is poised to register significant growth during the forecast period. This growth is attributed to the continuous replacement of existing cogeneration units with advanced technological solutions coupled with increasing applicability of economic, efficient, and resilient power sources for residential utilization. Stringent regulatory mandates for building emissions in line with the consumer shift to reduce power bills will accelerate the industry expansion. Additionally, growing requirement for highly efficient hot water generation across end-users will lead to product adoption across these establishments.
The Asia Pacific micro CHP market is anticipated to reach USD 2 billion in 2030. Ongoing investments across private and public sectors toward the enhancement of on-site energy generation systems will propel the industry scenario. For instance, in March 2021, Siemens Limited acquired C&S Electric in India to satisfy the rising electricity requirement and low-voltage power distribution across India. In addition, increasing government funds toward the development of smart city infrastructure in line with the continuous refurbishment of existing systems will stimulate the business potential.
Japan market is slated to witness substantial gains during the forecast timeframe. This growth is credited to the strict government norms and policies toward the development of sustainable environment along with continuous growth in the renewable energy sector. A positive outlook toward waste management along with increasing utilization of solar & wind energy to reduce the carbon footprints will increase the business outlook. Furthermore, various government programs including Ene-Farm pertaining to the advancement of fuel cell micro CHP across the residential sector coupled with the introduction of several initiatives to encourage the acceptance of clean power generation technologies will boost the market progression.
Micro CHP Market Share
Major players operating across the micro combined heat and power industry include
Strategic partnerships, contracts, mergers, and acquisitions among leading industry players will positively influence the market trend.
Micro CHP market research report includes in-depth coverage of the industry with estimates & forecast in terms of ‘MW’ & ‘USD Million’ from 2018 to 2030, for the following segments:
Market, By Capacity
Market, By Fuel
Market, By Prime Mover
Market, By Application
The above information has been provided for the following regions and country: