Micro Combined Heat and Power Market

Top Companies in Micro Combined Heat and Power Industry - AISIN CORPORATION (Japan), 2G Energy (Germany) and BOSCH INDUSTRIEKESSEL GMBH (Germany)

The global micro combined heat and power market is projected to reach USD 4.8 billion by 2029 from an estimated USD 3.1 billion in 2024, at a CAGR of 9.4% during the forecast period. The global market for micro combined heat and power market is propelled by its ability to deliver significant benefits in terms of energy efficiency, cost savings, and environmental sustainability.

This growth is driven by the government programs and various incentive schemes to promote micro combined heat and power plant. Micro Combined Heat and Power (CHP) systems, also known as micro cogeneration, are efficient systems that generate both electricity and useful thermal energy from a single fuel source. Governments in various countries offer various programs and incentives to promote the adoption of micro CHP systems due to their potential to reduce energy consumption, greenhouse gas emissions, and overall energy costs.

To know about the assumptions considered for the study download the pdf brochure

The micro combined heat and power market is served by a mix of large international players with a global operational presence and local players with a strong domestic supply network.

AISIN CORPORATION (Japan), 2G Energy (Germany), BOSCH INDUSTRIEKESSEL GMBH (Germany), KyungDong Navien (South Korea), and YANMAR HOLDINGS CO., LTD. (Japan) are the market leaders in the global micro combined heat and power market. These companies use strategies such as acquisitions, sales contracts, product launches, and partnerships to increase their market share.

Bosch Industriekessel GMBH (Germany) stands as a leading technology and service provider of power generation solutions in the world. The company operates through four business segments: Energy and Building Technology, Mobility Solutions, Industrial Technology, and Consumer Goods. Bosch covers a range of automotive technologies, including powertrain solutions, chassis systems control, electrical drives, car multimedia, and connected mobility solutions within the Mobility Solutions sector. The Industrial Technology segment focuses on supplying hydraulics, electric drives, gear technology, and linear motion technology, with an emphasis on IoT interfaces. Consumer Goods encompass power tools, garden tools, appliances, and various household devices. The Energy and Building Technology division offers solutions for building security, energy efficiency, and automation, including heating, air-conditioning, and energy management systems. Bosch's has a global presence of 440 subsidiaries in around 40 countries, 129 engineering locations worldwide, and a comprehensive manufacturing, engineering, and sales network covering nearly every country globally.

Aisin Corporation (Japan) is a renowned company that develops and manufactures wide range of automotive components such as brakes, transmissions, drivetrain, chassis, body, engine related parts, and aftermarket automotive products. Aisin also offers products beyond the automotive realm, including sewing machines, life and amenity products, cogeneration and heat exchange systems, and welfare products. In their cogeneration segment they provide Micro combine heat and power. AISIN is actively involved in the development of technologies related to electric vehicles and energy systems aligning with their philosophy of "Inspiring movement, creating tomorrow." This includes electric motors, transmissions for electric vehicles, and components for hybrid systems. Their focus on clean power solutions reflects their commitment to environmental sustainability. AISIN operates not only in Japan but also has a significant global presence with over 200 production facilities in 21 countries.

2G Energy (Germany) manufactures engines and packages complete CHP and MCHP systems with other engine manufacturers. The company is divided into two business segments: CHP systems and services, which offer combined heat and power system-related technologies, products, and services. 2G Energy offers cogeneration systems for natural gas, biogas, landfill gas, syngas, and hydrogen in the 50 to 2,500 kW power range. It is one of the only manufacturers in the world providing hydrogen-ready CHP and MCHP systems. These are natural gas MCHP units that can be converted to pure hydrogen as part of regular maintenance. 2G Energy is represented by several sales & services companies in Germany, the US, the UK, France, Canada, Italy, Spain, and Poland. Through sales partnerships in Japan, China, Southeast Asia, Australia, and Russia, it secured various conurbation areas and industrial markets. It has manufacturing facilities in Germany & the US and operates nine subsidiaries globally.

Related Reports:

Micro Combined Heat and Power Market by Technology (IC Engine, PEMFC, Rankine Cycle Engine, Stirling Engine, SOFC), Type (Engine, Fuel Cell), Application (Residential, Commercial), Capacity (<5kW, 5–10kW, 10–50kW) and Region - Global Forecast to 2029

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Micro Combined Heat and Power Market Size,  Share & Growth Report
Report Code
EP 2749
RI Published ON
Choose License Type

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status