Micro Combined Heat and Power Market - Overview Market Research Future (MRFR) has recently published an in-depth report on the global MCHP market after meticulous analysis of the pertinent trends and factors that can affect the growth of the Micro Combined Heat and Power Market over the forecast period of 20182023. MRFR's analysis has projected a CAGR of 15.5% over the forecast period. Micro-combined heat and power (MCHP) is a next generation power solution that ideally cater to the space heating or cooling demands in buildings along with providing electricity supply which can alleviate the need for grid supply. The MCHP technology is ideally suited to be applied in commercial, residential, and public buildings and have gained widespread adoption in recent years. Competition Tracking Vaillant Group (Germany), Ceres Power Holdings PLC (U.K), Aisin Group (Japan), Centrica plc (U.K), Viessmann Group (Germany), Nucusa Energy (U.S.), Solid Power (U.S.), Honda Power (Japan), Dantherm Power (Denmark), Yanmar Holdings Co. Ltd. (Japan), Mondragon Corporation (Spain), BDR Thermea Group (U.K) and Qnergy (U.S.) are among the leading companies operating in the global MCHP market. Industry Highlights The growing consumption of emerging is prompting authorities to seed solutions that sustainable in the long run. This has created significant market opportunities for decentralized energy systems. Combined Heat and Power (CHP) technology has gained significant momentum in recent years and is touted as a future-ready solution by its proponents. The ability to produce both electric energy and heat energy with minimum carbon footprint makes it extremely unique. Growing need to achieve cost efficiency and energy efficiency is boosting the growth of the MCHP market. MCHP is small in size, can be installed anywhere in buildings, and provide significant benefits as compared to other systems. Growing focus on reduction of carbon footprint is a key factor boosting the growth of the MCHP market. MCHP systems can save 1.7 tons of carbon dioxide, annually, for domestic purposes, which has made it immensely popular across the globe. Global Micro Combined Heat and Power (MCHP) Market Segmentation The global Micro Combined Heat and Power Market has been segmented based on type, technology, and application. By type, the MCHP market has been segmented into engine based and fuel-cell based. By technology, the MCHP market has been segmented into internal combustion engine, PEMFC, Rankine cycle engine, Stirling engine, and SOFC. By application, the MCHP market has been segmented into residential and commercial.
Regional Analysis Europe is a highly attractive market for MCHP. The European Commission continues to strive towards achieving environmental objectives. As a result, the region has emerged an important market for clean technologies. This is reflecting favourably on the MCHP market in the region. Moreover, demand for heat energy is significantly high in many European countries owing to environmental factors. Policy makers in the region are introducing guidelines for effective management of energy. For example, the EU has enforced Energy Efficiency Directive at a country level. Such factors are propelling the Europe MCHP market. Asia Pacific is viewed as an emerging market for MCHP. The growing consumption of energy in countries such India and China are expected to support the market growth in the region. Emphasis is being placed to solution that allow optimization of power grids and power generation systems. The technological prowess of japan in MCHP is also benefiting the market in APAC. Browse Summary of this Report at: https://www.marketresearchfuture.com/reports/mchp-market-1109 Table of content 1 Executive Summary 2 Scope of the Report 2.1 Market Definition 2.2 Scope of the Study 2.3 Research Process 2.4 Market size Estimation 2.5 Forecast Model 3 Market Landscape 3.1 Porter’s Five Forces Analysis 3.2 Value Chain/Supply Chain Analysis 4 Market Dynamics 4.1 Introduction 4.2 Market Drivers 4.3 Market Restraints 4.4 Market Opportunities
4.5 Market Trends
5 Global MCHP Market, By Type 5.1 Introduction 5.2 Engine based 5.3 Fuel-cell based 6 Global MCHP Market, By Technology 6.1 Introduction 6.2 Internal combustion 6.3 PEMFC 6.4 Rankine cycle engine 6.5 Stirling engine 6.6 SOFC 7 Global MCHP Market, By Application 7.1 Introduction 7.2 Commercial 7.3 Residential 8 Global MCHP Market, By Region 9 Competitive Landscape 10 Company Profile 11 List of Tables 12 List of Figures About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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