Micro Combined Heat & Power (Micro CHP) Market

The report "Micro Combined Heat & Power (Micro CHP) Market by Type (Engine, Fuel Cell), Technology (Internal Combustion Engine, Rankine Cycle Engine, Stirling Engine, PEMFC, SOFC), Application (Residential, Commercial), & Region - Global Forecast to 2020", defines and segments the global micro CHP market with an analysis and forecast of the market size.

Browse 68 market data Tables and 44 Figures spread through 134 Pages and in-depth TOC on "Micro Combined Heat & Power (Micro CHP) Market by Type (Engine, Fuel Cell), Technology (Internal Combustion Engine, Rankine Cycle Engine, Stirling Engine, PEMFC, SOFC), Application (Residential, Commercial), & Region - Global Forecast to 2020"
https://www.marketsandmarkets.com/Market-Reports/micro-chp-market-419.html
Early buyers will receive 10% customization on reports.

Micro CHP market is expected to grow from an estimated USD 2.29 Billion in 2015 to USD 4.44 Billion by 2020, at a CAGR of 14.2%. Major factors, such as autonomous heat & electricity generation at a reduced cost, progressive government support (subsidies & policies), and reduction in carbon footprint are driving the market across the globe.

Fuel Cell - Biggest market by Type

Fuel cell-based micro CHP systems are the most widely used micro CHP units worldwide. Among the two major types of fuel cell-based MCHP systems, PEMFC (proton exchange membrane fuel cell) and SOFC (solid oxide fuel cell), PEMFC-based micro CHP held the highest share in 2014, due to its low heat-to-power ratio and avoidance of thermal cycling. Fuel cell-based micro CHPs are preferable for continuous operation purposes. PEMFC-based micro CHP are mostly used for residential purposes.

Asia-Pacific is the Dominant Market for Micro CHP

The Asia-Pacific is the largest market for micro CHP among other regions studied in this report. The Asia-Pacific will continue to dominate the micro CHP market, seeking micro CHP legislation and product testing projects and research, which has begun in Japan and South Korea. Japan is the market leader in this domain, especially in fuel cell technology. The Japanese government provides subsides for the development of this green technology. The demand for micro CHP systems for residential as well as commercial purposes has led to the region’s dominance in the market.

To provide an in-depth understanding of the competitive landscape, the report includes profiles of some of the leading players in micro CHP market such as Honda Power (Japan), Vaillant Group (Germany), Viessmann Group (Germany), Ceres Power Holdings Plc (U.K.), Yanmar Holdings Co. Ltd. (Japan), BDR Thermea Group (Netherlands), Dantherm Power (Denmark), and Solid Power (Denmark) among others. Dominant players are trying to penetrate developing and developed economies and adopting contracts & agreements strategy to increase market share.

Market share analysis by revenue for key companies is included in the report. The scope accordingly aids market participants to identify high growth markets and help managing key investment decisions. The report analyzes the market for Micro CHP units in the electrical power output range of 0.5 kW to 5.5 kW. It strategically analyzes micro markets with respect to growth trends, future prospects, and contribution to the total market covered by technology, type, application, and region.

About MarketsandMarkets

MarketsandMarkets is the world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]