Micro combined heat and power (micro-CHP) is a combined technology which generates heat and electricity by using the fuel cell or through an internal combustion engine. The produced energy supports in providing power in individual homes, complexes and buildings. Heat is the main output of a micro-CHP system, with electricity generation in a ratio of about 6:1 for domestic appliances. Factors motivating the growth of this market is increasing government support & initiative for generation of renewable energy in emerging region such as Asia Pacific. This is due to its multiple energy generation specialties, heat and electricity generated simultaneously without any carbon residue. Micro CHP high price and maintenance cost may affect the growth of micro CHP market. However, continuous improvement from the global player in micro CHP devices has provided better heating boiler substitute. In addition, its uses in residential purpose towards smart energy are expected to bring new opportunity to this market

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Geographically micro CHP market is divided into North America, Europe, Asia Pacific and Rest of the World. Asia Pacific region represents considerably the largest market for Micro CHP in terms of its uses and revenue generation. It is due to increasing R&D funding by government for generation of smart and renewable energy. Europe and North America are expected to have a lucrative growth in this market. The increasing adoption of renewable energy and hike in electricity prices the major reasons for Micro CHP market growth. The major countries that will contribute to the market are the US, Canada, UK, Germany, Spain, France, and Italy.



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Global Micro CHP Market Segmentation

By technology

Internal combustion engine

Organic rankine cycle

Fuel cells

Stirling engine technology

Gas turbines

Combined cycle gas turbines

Steam turbines

By type

Engine based

Fuel cell based

By end-user

Residential

Commercial

Competitive landscape

Key strategies

Key company analysis

Regional analysis

North america

United states

Canada

Europe

Uk

Germany

Spain

France

Italy

Rest of europe

Asia pacific

India

China

Japan

Rest of asia pacific

Rest of the world

Company profiles

Aegis energy services, llc

Aisin seiki co., ltd.

Atco group

Bdr thermea group

Ceres power holdings plc

Centrica business solutions

Contatti enerblu cogeneration

Evo energy technologies pty ltd

General electric company

Honda motor co., ltd.

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