MCHP Market 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
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MCHP Market 2018 MCHP Market– 2018 : Industry Survey, Growth, Competitive Landscape and Forecasts to 2023
Micro-combined heat and power (MCHP) is a next-generation power solution, particularly, defined for small size cogeneration plants. MCHP is capable of meeting the demand for space heating or cooling in buildings, accompanied by the capability of fulfilling the demand for electricity, which can replace the need for grid supply. The main output of the MCHP systems is heat
with some electricity generation, at a typical ratio of 6:1 (heat to electricity). The buildings that include residential and commercial infrastructure contributed to around 21% of the total energy consumption, in 2015. As mentioned in the definition of Energy Efficiency Directive of European Union, MCHP technology is appropriate to be applied in residential, public and commercial buildings to supply a range of heat and electricity usage.
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MCHP Market 2018 Market Segmentation
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MCHP Market 2018
Report Analysis Global MCHP market is expected to witness massive growth during the forecast period due to increasing demand for power and focus on reduction of carbon footprints. The governments are also supporting the installation of MCHP system, which further enhances the growth of market. Europe is the one of the leading regions in the MCHP market with the increasing concern for clean and efficient energy systems. Besides, the weather conditions in Europe are most of the times cold, thus there is a high demand for heating from the residential and commercial buildings. This leads to growth of MCHP systems market from the region. For an instance, the European Union has implemented Energy Efficiency Directive at country level that promotes MCHP market by increasing CHP projects, while promoting demand response and simplifying grid connection procedures for MCHP installations.
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MCHP Market 2018
KEY PLAYER •
Honda Power
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Vaillant Group
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Yanmar Holdings Co. Ltd.
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Ceres Power Holdings PLC
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Qnergy
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Aisin Group
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BDR Thermea Group
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