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Micro Combined Heat & Power (Micro CHP) - Market Analysis, Trends, and Forecasts

  • ID: 4805183
  • Report
  • February 2020
  • Region: Global
  • 130 pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • CERES POWER HOLDINGS PLC
  • QNERGY (USA)
  • SOLID POWER
  • VAILLANT GROUP (GERMANY)
  • YANMAR
  • MORE
Micro Combined Heat and Power (Micro CHP) market worldwide is projected to grow by US$5.2 Billion, driven by a compounded growth of 14.4%. Engine, one of the segments analyzed and sized in this study, displays the potential to grow at over 14%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$3.2 Billion by the year 2025, Engine will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 15.5% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$206.2 Million to the region's size and clout in the next 5 to 6 years. Over US$248.6 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Engine will reach a market size of US$268.4 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 14.2% over the next couple of years and add approximately US$921.2 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others,
  • BDR Thermea Group B.V.
  • Ceres Power Holdings PLC
  • Qnergy
  • Solid Power, Inc.
  • Vaillant Group
  • Yanmar Co., Ltd.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • CERES POWER HOLDINGS PLC
  • QNERGY (USA)
  • SOLID POWER
  • VAILLANT GROUP (GERMANY)
  • YANMAR
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Micro Combined Heat & Power (Micro CHP) Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Leading Players in the Global Micro Combined Heat & Power (Micro CHP) Market (2018): Percentage Share Breakdown of Market Revenues by Company

Introduction to Combined Heat and Power (CHP) Cogeneration

Status of Micro-CHP in Energy Industry

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Global Focus on Improving Energy Efficiency Accelerates Demand for Micro –CHP Systems

Grid-Independent CHP Systems Garner Traction

Demand Picks up for Flexible Micro-CHP Systems

State Incentives for CHP Systems Back Demand

Turnaround in Natural Gas Prices and Cost Savings Catalyze the Demand for Micro-CHP Systems

Comparison of Energy Costs by Fuel Type

Rise in Acceptance of Small Packaged Modular Systems

Focus on Connectivity on Rise

Growing Emphasis on Emission Control to Drive Demand for Micro-CHPs

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Micro Combined Heat and Power (Micro CHP) Global Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 2: Micro Combined Heat and Power (Micro CHP) Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

TABLE 3: Engine (Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 4: Engine (Type) Market Share Breakdown of Worldwide Sales by Region/Country:2019 VS 2025

TABLE 5: Fuel Cell (Type) Potential Growth Markets Worldwide in US$ Million:2018 to 2025

TABLE 6: Fuel Cell (Type) Market Sales Breakdown by Region/Country in Percentage:2019 VS 2025

TABLE 7: Internal Combustion Engine (Technology) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 8: Internal Combustion Engine (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 9: Rankine Cycle Engine (Technology) World Market Estimates and Forecasts by Region/Country in US$ Million: 2018 to 2025

TABLE 10: Rankine Cycle Engine (Technology) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 11: Stirling Engine (Technology) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 12: Stirling Engine (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 13: PEMFC (Technology) World Market Estimates and Forecasts in US$ Million by Region/Country: 2018 to 2025

TABLE 14: PEMFC (Technology) Market Percentage Share Distribution by Region/Country: 2019 VS 2025

TABLE 15: SOFC (Technology) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2018 to 2025

TABLE 16: SOFC (Technology) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 17: Residential (Application) Worldwide Sales in US$ Million by Region/Country: 2018-2025

TABLE 18: Residential (Application) Market Share Shift across Key Geographies: 2019 VS 2025

TABLE 19: Commercial (Application) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 20: Commercial (Application) Market Share Breakdown by Region/Country: 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Micro Combined Heat & Power (Micro CHP) Market Share (in %) by Company:2019 & 2025

Market Overview

High Costs Discourage CHP in Planned Microgrid Projects

CHPs Gain Increasing Adoption in American Educational Institutes

Penetration of Micro CHP in the Residential Sector

Market Analytics

Microgrid by Technology

TABLE 21: United States Micro Combined Heat and Power (Micro CHP) Market Estimates and Projections in US$ Million by Type: 2018 to 2025

TABLE 22: United States Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Type: 2019 VS 2025

TABLE 23: Micro Combined Heat and Power (Micro CHP) Market in US$ Million in the United States by Technology: 2018-2025

TABLE 24: United States Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Technology: 2019 VS 2025

TABLE 25: United States Micro Combined Heat and Power (Micro CHP) Latent Demand Forecasts in US$ Million by Application: 2018 to 2025

TABLE 26: Micro Combined Heat and Power (Micro CHP) Market Share Breakdown in the United States by Application: 2019 VS 2025

CANADA

Micro-CHP Gains Recognition as one of the Key Technologies to Improve Energy Efficiency

TABLE 27: Canadian Micro Combined Heat and Power (Micro CHP) Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025

TABLE 28: Micro Combined Heat and Power (Micro CHP) Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025

TABLE 29: Micro Combined Heat and Power (Micro CHP) Market Analysis in Canada in US$ Million by Technology: 2018-2025

TABLE 30: Canadian Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Technology: 2019 VS 2025

TABLE 31: Canadian Micro Combined Heat and Power (Micro CHP) Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025

TABLE 32: Canadian Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Application: 2019 VS 2025

JAPAN

TABLE 33: Japanese Market for Micro Combined Heat and Power (Micro CHP): Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025

TABLE 34: Japanese Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Type: 2019 VS 2025

TABLE 35: Japanese Medium & Long-Term Outlook for Micro Combined Heat and Power (Micro CHP) Market in US$ Million by Technology: 2018-2025

TABLE 36: Japanese Micro Combined Heat and Power (Micro CHP) Market Percentage Share Distribution by Technology: 2019 VS 2025

TABLE 37: Japanese Demand Estimates and Forecasts for Micro Combined Heat and Power (Micro CHP) in US$ Million by Application: 2018 to 2025

TABLE 38: Micro Combined Heat and Power (Micro CHP) Market Share Shift in Japan by Application: 2019 VS 2025

CHINA

TABLE 39: Chinese Micro Combined Heat and Power (Micro CHP) Market Growth Prospects in US$ Million by Type for the Period 2018-2025

TABLE 40: Chinese Micro Combined Heat and Power (Micro CHP) Market by Type: Percentage Breakdown of Sales for 2019 and 2025

TABLE 41: Micro Combined Heat and Power (Micro CHP) Market Estimates and Forecasts in China in US$ Million by Technology: 2018-2025

TABLE 42: Micro Combined Heat and Power (Micro CHP) Market in China: Percentage Share Analysis by Technology for 2019 and 2025

TABLE 43: Chinese Demand for Micro Combined Heat and Power (Micro CHP) in US$ Million by Application: 2018 to 2025

TABLE 44: Chinese Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Application: 2019 VS 2025

EUROPE

Market Facts & Figures

European Micro Combined Heat & Power (Micro CHP) Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Micro-CHP Prospects in Europe’s Energy Sector

Adoption of Micro-CHP in the Residential Sector

Market Analytics

TABLE 45: European Micro Combined Heat and Power (Micro CHP) Market Demand Scenario in US$ Million by Region/Country: 2018-2025

TABLE 46: European Micro Combined Heat and Power (Micro CHP) Market Share Shift by Region/Country: 2019 VS 2025

TABLE 47: European Micro Combined Heat and Power (Micro CHP) Market Estimates and Forecasts in US$ Million by Type: 2018-2025

TABLE 48: European Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Type: 2019 VS 2025

TABLE 49: European Micro Combined Heat and Power (Micro CHP) Market Assessment in US$ Million by Technology: 2018-2025

TABLE 50: Micro Combined Heat and Power (Micro CHP) Market in Europe: Percentage Breakdown of Sales by Technology for 2019 and 2025

TABLE 51: European Micro Combined Heat and Power (Micro CHP) Addressable Market Opportunity in US$ Million by Application: 2018-2025

TABLE 52: European Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Application: 2019 VS 2025

FRANCE

TABLE 53: Micro Combined Heat and Power (Micro CHP) Market in France by Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 54: French Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Type: 2019 VS 2025

TABLE 55: French Micro Combined Heat and Power (Micro CHP) Market Estimates and Projections in US$ Million by Technology: 2018-2025

TABLE 56: French Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Technology: 2019 VS 2025

TABLE 57: Micro Combined Heat and Power (Micro CHP) Quantitative Demand Analysis in France in US$ Million by Application: 2018-2025

TABLE 58: French Micro Combined Heat and Power (Micro CHP) Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025

GERMANY

CHP Act Boosts Installation of New CHP Plants

TABLE 59: Micro Combined Heat and Power (Micro CHP) Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Type for the Period 2018-2025

TABLE 60: German Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Type: 2019 VS 2025

TABLE 61: German Micro Combined Heat and Power (Micro CHP) Latent Demand Forecasts in US$ Million by Technology: 2018-2025

TABLE 62: German Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Technology: 2019 VS 2025

TABLE 63: Micro Combined Heat and Power (Micro CHP) Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by Application for the Period 2018-2025

TABLE 64: Micro Combined Heat and Power (Micro CHP) Market Share Distribution in Germany by Application: 2019 VS 2025

ITALY

Micro-CHP market in Italy by Building Sector - 2018

Percentage Installation of Micro-CHP in Hotels in Italy by Region: 2018

TABLE 65: Italian Micro Combined Heat and Power (Micro CHP) Market Growth Prospects in US$ Million by Type for the Period 2018-2025

TABLE 66: Italian Micro Combined Heat and Power (Micro CHP) Market by Type: Percentage Breakdown of Sales for 2019 and 2025

TABLE 67: Micro Combined Heat and Power (Micro CHP) Market Estimates and Forecasts in Italy in US$ Million by Technology: 2018-2025

TABLE 68: Micro Combined Heat and Power (Micro CHP) Market in Italy: Percentage Share Analysis by Technology for 2019 and 2025

TABLE 69: Italian Demand for Micro Combined Heat and Power (Micro CHP) in US$ Million by Application: 2018 to 2025

TABLE 70: Italian Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Application: 2019 VS 2025

UNITED KINGDOM

TABLE 71: United Kingdom Market for Micro Combined Heat and Power (Micro CHP): Annual Sales Estimates and Projections in US$ Million by Type for the Period 2018-2025

TABLE 72: United Kingdom Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Type: 2019 VS 2025

TABLE 73: United Kingdom Medium & Long-Term Outlook for Micro Combined Heat and Power (Micro CHP) Market in US$ Million by Technology: 2018-2025

TABLE 74: United Kingdom Micro Combined Heat and Power (Micro CHP) Market Percentage Share Distribution by Technology: 2019 VS 2025

TABLE 75: United Kingdom Demand Estimates and Forecasts for Micro Combined Heat and Power (Micro CHP) in US$ Million by Application: 2018 to 2025

TABLE 76: Micro Combined Heat and Power (Micro CHP) Market Share Shift in the United Kingdom by Application: 2019 VS 2025

REST OF EUROPE

TABLE 77: Rest of Europe Micro Combined Heat and Power (Micro CHP) Market Estimates and Forecasts in US$ Million by Type: 2018-2025

TABLE 78: Rest of Europe Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Type: 2019 VS 2025

TABLE 79: Rest of Europe Micro Combined Heat and Power (Micro CHP) Market Assessment in US$ Million by Technology: 2018-2025

TABLE 80: Micro Combined Heat and Power (Micro CHP) Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2019 and 2025

TABLE 81: Rest of Europe Micro Combined Heat and Power (Micro CHP) Addressable Market Opportunity in US$ Million by Application: 2018-2025

TABLE 82: Rest of Europe Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Application: 2019 VS 2025

ASIA-PACIFIC

TABLE 83: Micro Combined Heat and Power (Micro CHP) Market in Asia-Pacific by Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 84: Asia-Pacific Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Type: 2019 VS 2025

TABLE 85: Asia-Pacific Micro Combined Heat and Power (Micro CHP) Market Estimates and Projections in US$ Million by Technology: 2018-2025

TABLE 86: Asia-Pacific Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Technology: 2019 VS 2025

TABLE 87: Micro Combined Heat and Power (Micro CHP) Quantitative Demand Analysis in Asia-Pacific in US$ Million by Application: 2018-2025

TABLE 88: Asia-Pacific Micro Combined Heat and Power (Micro CHP) Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025

REST OF WORLD

TABLE 89: Rest of World Micro Combined Heat and Power (Micro CHP) Market Estimates and Forecasts in US$ Million by Type: 2018 to 2025

TABLE 90: Micro Combined Heat and Power (Micro CHP) Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025

TABLE 91: Micro Combined Heat and Power (Micro CHP) Market Analysis in Rest of World in US$ Million by Technology: 2018-2025

TABLE 92: Rest of World Micro Combined Heat and Power (Micro CHP) Market Share Breakdown by Technology: 2019 VS 2025

TABLE 93: Rest of World Micro Combined Heat and Power (Micro CHP) Market Quantitative Demand Analysis in US$ Million by Application: 2018 to 2025

TABLE 94: Rest of World Micro Combined Heat and Power (Micro CHP) Market Share Analysis by Application: 2019 VS 2025

IV. COMPETITION

BDR THERMEA GROUP B.V. (THE NETHERLANDS)

CERES POWER HOLDINGS PLC

QNERGY (USA)

SOLID POWER

VAILLANT GROUP (GERMANY)

YANMAR

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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  • BDR THERMEA GROUP B.V. (THE NETHERLANDS)
  • CERES POWER HOLDINGS PLC
  • QNERGY (USA)
  • SOLID POWER
  • VAILLANT GROUP (GERMANY)
  • YANMAR
Note: Product cover images may vary from those shown
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