Micro Combined Heat & Power (M-CHP) (Microgeneration) Market by Technology (Stirling Engine, Organic Rankine Cycle Engine, Internal Combustion engine, PEMFC and SOFC), by Application (Residential and Commercial) & by Geography – Market Trends & Forecasts (2014 – 2019)
The demand for micro CHP system has been estimated from the demand side in terms of value ($million). This report also discusses the drivers, restraints, and opportunities of the market, which is directly dependent on the global micro CHP market. This report also tracks the activities of dominant market players and their respective strategies such as expansions, mergers and acquisitions, and new-product launches.
Micro CHP Market Size ($Million)
Source: MarketsandMarkets Analysis
The above figure shows the global micro CHP market size ($million) for various geographies from 2014 to 2019. The Asia-Pacific market is the most dominant, with the largest market share at present. However, the growth of the micro CHP market is expected to be the highest for the European region between 2014 and 2019. Major players in the market include Honda Power (Japan), BDR Thermea Group (The Netherlands), E.ON (Germany), Yanmar Co. Limited (Japan), The Viessmann Group (Germany), and Vaillant (Germany).
In order to get an in-depth understanding of the competition in the micro CHP market, this report gives a detailed profile of the 18 key players in the same. The market has been segmented in the report in the following manner:
- Stirling engine
- Organic Rankine cycle engine
- Internal combustion engine
- Proton Exchange Membrane Fuel Cell (PEMFC)
- Solid Oxide Fuel Cell (SOFC)
- North America
Major companies with their market share and size have been covered for each region. Micro CHP market report also deals with market share by participants for the overall market and describes the competitive strategies adopted by these players. The micro CHP market segmentation has been done on the basis of application. The leading players of the industry have also been profiled with their recent developments and key strategies followed. A few top players of the industry include Ceramic Fuel Cell Limited (Australia), Flow Group (U.K.), Dantherm Power (Denmark), Ceres Power Holdings (U.K.), BDR Thermea Group (The Netherlands), and The Viessmann Group (Germany). Recent product related developments by the top market players have widened the scope for growth of micro CHP systems. These market players are present mostly in Europe and Asia-Pacific and are continuously participating in competitive developments. Other formidable players in the market include Honda Power (Japan), E.ON (Germany), Yanmar Co. Ltd. (Japan), and Vaillant (Germany).
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