The Global Micro Combined Heat And Power (mCHP) Market is expected to reach USD 1.2 billion in 2019 and anticipated to grow at a CAGR of 9.7% during the forecast period. The micro combined heat and power system is an energy combining electricity generation and heating simultaneously for residential purpose. The energy conversion from fuel energy to electric power is done by the Sterling engine and heating of water and space is done by utilizing waste heat through heat exchanger.The major factor driving the micro combined heat and power market include increasing demand for energy efficiency in the industries and rising use of natural gas for power generation. The phasing out of coal based power generation has given rise to large scale natural gas fired cogeneration plants.

Key Factors Impacting the Growth of Micro Combined Heat and Power (mCHP) Market:

• Rise in distributed power generation, especially for natural gas based distributed generation has provided opportunities particularly for a gas engine, fuel cell and microturbine based CHP systems.
• The micro combined heat and power market segmentation is based on capacity, prime mover, fuel, end-user and region.

Capacity Outlook:

Based on capacity, the market is segmented into upto 10 MW, 10Mw to 150 MW, 150 MW to 300MW, Above 300 MW. Above 300 MW segment is expected to dominate the market during the forecast period. It mainly caters to the utilities, district heating & cooling user. The segment is expected to be driven by rising adoption of natural gas fired power generation.

Prime Mover Outlook:

Based on prime mover the market is segmented into gasturbine, steam turbine, fuel cell, reciprocating engines, and microturbine. The reciprocating segment is expected to grow at the highest rate during the forecast period. The growth of disturbed power generation in the global market is driving the demand for the segment, especially for onsite industrial combined heat and power plants.

Fuel Outlook:

Based on fuel the market is segmented into coal, natural gas, biogas, nuclear, diesel others. Natural gas is the fastest growing segment in combined heat and power market. The growth of the segment is mainly due to the growth in the natural gas in the global market, rising government subsidies for the natural gas infrastructure and usage, rising demand for natural gas in industrial and automotive applications, and rising awareness of pollution across the globe.

End-User Outlook:

Based on the end-user industry, the market is segmented into utilities, district heating & cooling, on site industrial, on site commercial and residential. In 2019, the utilities district heating & cooling segment is estimated to hold the largest market share. The market segment is driven by the transition towards natural gas fired power generation in Asia Pacific and increasing requirement of heat and steam in industries and municipal sectors.

Regional Outlook:

Based on the region, the global micro combined heat and power market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. Asia Pacific are the leading market in the micro combined heat and power market in 2019. Favorable resiliency initiatives, state incentives, CHP-inclined environment regulations & rules are some of the predominant measures so as to positively influence product penetration. Furthermore, ongoing deployment of compact cogeneration plants across district heating electricity distribution networks together with the deployment of renewable technologies across the place will drive enterprise demand.Europe is expected to grow at the highest CAGR in the market due to rising demand for natural gas resource, increase in applications for the usage of combined heat and power, increase in government mandates for the heat and power generation standards in industries, and stringent government regulations regarding the conventional fuel gases.The report analyzes factors affecting the micro combined heat and power market from both demand and supply side and further analyses market dynamics affecting the market during the forecast year such as driver, restrain, opportunities and future trends. The report also provides comprehensive Porter’s model analysis on the micro combined heat and power market for all six regions namely; North America, Western Europe, Eastern Europe, Asia Pacific, Middle East and the Rest of the world.

Competitive Landscape

The leading companies in the market are focused on the product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period. The main players include in the market are  Yanmar, Vaillant, Marathon Engine Systems, ENER-G Rudox, BDR Thermea, Viessmann, General Electric, AISIN SEIKI, Siemens, 2G Energy AG, Veolia, Samad Power and Aegis Energy.This report also includes the profiles of key micro combined heat and power market companies along with their SWOT analysis and market strategies. In addition, these competitive landscapes provide a detailed description of each company including future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launch, new product developments, and other latest industrial developments.

Key Developments in Micro Combined Heat and Power (mCHP) Market:

• In April 2018, GE signed an agreement with Green tech to supply 21 Jenbacher gas engines for CHP generation in Russian food and beverage glass, agricuture and chemical processes industries.
• In February 2018, 2G Energy installed a 600 kW CHP plant at the KB Specialty Foods facility in Indiana, US. The plant was expected to utilize biogas produced from waste food in the plant convert it into electrical and thermal power.
• In March 2018, BDR Thermea developed new Micro Combined Heat and Power system named as InnoGen. The new system is equipped with natural gas supplies up to 2000 kWe which are useful in commercial and district heating systems.
• In August 2018, General Electric acquired Heat Recovery Steam Generator (HRSG) business of Doosan Engineering & Construction worth USD 250 million. The acquisition focuses on new product and technology development in micro combined heat and power and enhances its market presence.

 

What Does This Report Provide?

This report provides a detailed understanding of the global micro combined heat and power (mCHP) market from qualitative and quantitative perspectives during the forecast period. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the market.

Market Segmentation:

By Capacity

• Upto 10 MW
• 10 MW to 150 MW
• 150 MW to 300 MW
• Above 300 MW

By Prime Mover

• Gas Turbine
• Steam Turbine
• Fuel cell
• Reciprocating Engine
• Microturbine

By Fuel

Coal

• Natural Gas
• Biogas
• Nuclear
• Diesel
• Others

By End-User Industry

• Utilities
• Onsite Commercial
• Onsite Industrial
• Residential
• Others

By Region:

• North America Micro Combined Heat and Power Market
  • By Country (US, Canada, Mexico)
  • By Capacity
  • By Prime Mover
  • By Fuel 
  • By End-User
• Europe Micro Combined Heat and Power Market
  • By Country (Germany, Russia UK, France, Italy, Spain, Rest of Europe)
  • By Capacity
  • By Prime Mover
  • By Fuel
  • By End-User
• Asia Pacific Micro Combined Heat and Power Market
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Capacity
  • By Prime Mover
  • By Fuel
  • By End-User
• Middle East & Africa Micro Combined Heat and Power Market
  • By Country (UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa)
  • By Capacity
  • By Prime Mover
  • By Fuel
  • By End-User
• South America Micro Combined Heat and Power Market
  • By Country (Brazil, Argentina, Colombia, Rest of South America)
  • By Capacity
  • By Prime Mover
  • By Fuel
  • By End-User

Reasons to Buy This Report:

• Market size estimation of the micro combined heat and power market on a regional and global basis
• Unique research Usage for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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