Product Code: 1476
The micro CHP market is estimated to exhibit sturdy growth by 2030 owing to increasing demand for space heating. Additionally, stringent emission norms, along with, prevalent industrialization and urbanization in various countries, are expected to foster market growth over the forecast period.
The combined heat and power or cogeneration technology provides high-efficiency electricity and thermal energy by using oil, coal, or other technologies or fuels. During the COVID-19 pandemic, the market was negatively influenced by the staggering delay in project commissioning plans and halts in manufacturing operations caused by strict lockdowns and social-distancing norms.
However, prominent advancements in micro-CHP R&D operations in developed nations have created notable growth opportunities for the industry. In addition, favorable government mandates to limit the use of high GHG emission technologies have also contributed to market expansion.
Moreover, major players in the micro CHP market have adopted growth strategies like mergers & acquisitions to strengthen their presence in the sector. In January 2022, for instance, TEDOM, a Czech engineering company, received a construction project for a 12.9 MW cogeneration plant in Poland for the construction of a CHP gas plant at Zaklady Gorniczo-Hutnicze Boleslaw S.A. that had a planned production capacity of 5.89 MW of heat in the form of hot water.
In another instance, in April 2022, Yanmar, a Japan-based heavy machinery manufacturer, acquired a majority share of Eleo Technologies B.V., a Helmond-based emerging battery technology firm. With the integration of Eleo's advanced battery technology, Yanmar aimed to expand its electrified powertrain capabilities for off-road applications.
Furthermore, in May 2022, Caterpillar Inc., a construction and equipment company, launched a three-year project with District Energy St. Paul, Minnesota's non-profit energy utility. The project, which was purposed to demonstrate a hydrogen-fueled CHP (combined heat and power) system, is backed up by the U.S. Department of Energy and the National Renewable Energy Laboratory. Since the CHP systems by Caterpillar provide both electricity and heat, they increase efficiency and reduce GHG emissions.
The micro CHP market has been bifurcated based on prime mover, capacity, fuel, application, and region. With respect to fuel, the industry has been divided into oil, natural gas & LPG, coal, and renewable resources. The coal segment is slated to expand at a CAGR of over 7% by the end of 2030.
In terms of prime mover, the micro CHP industry has been split into fuel cell, internal combustion engine, and Stirling engine. The internal combustion engine segment is likely to showcase steady growth through the review period due to the ongoing grid modernization, coupled with rapid urbanization across developing nations.
In the regional landscape, apart from Europe, North America, and APAC, the RoW micro CHP market is projected to grow at approximately 12% CAGR over the forecast timeline.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimates & forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Micro CHP industry 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Capacity trends
- 2.1.3 Fuel trends
- 2.1.4 Prime Mover trends
- 2.1.5 Application trends
- 2.1.6 Regional trends
Chapter 3 Micro CHP Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry ecosystem analysis
- 3.3 Innovations & technology landscape
- 3.3.1 EC Power A/S
- 3.3.2 BDR Thermea Group
- 3.3.3 2G Energy AG
- 3.3.4 Yanmar
- 3.3.5 Veolia
- 3.3.6 Other innovations
- 3.4 Regulatory landscape
- 3.4.1 North America
- 3.4.1.1 U.S.
- 3.4.1.1.1 U.S. EPA CHP Partnership
- 3.4.1.1.2 American Recovery and Reinvestment Act
- 3.4.1.1.3 Energy Policy Act
- 3.4.1.1.4 U.S. Acts
- 3.4.1.1.5 U.S. industry and non-governmental organization
- 3.4.1.1.5.1 Combined Heat and Power Association (CHPA)
- 3.4.1.2 Canada
- 3.4.1.2.1 Ontario's Conservation First Framework (2015-2020):
- 3.4.2 Europe
- 3.4.2.1 EC Directive 2004/8/EC on CHP promotion in the internal energy market
- 3.4.2.2 Cogeneration Directive
- 3.4.2.3 Energy Efficiency and Cogeneration Regulations, 2014
- 3.4.2.4 UK
- 3.4.2.4.1 CHP Quality Assurance Programme (CHPQA)
- 3.4.2.4.2 Microgeneration Certification Scheme
- 3.4.2.5 Germany
- 3.4.2.5.1 German CHP Act- KWKG 2016
- 3.4.2.5.2 Renewable Energy Law
- 3.4.3 Asia Pacific
- 3.4.3.1 Japan
- 3.4.3.1.1 IEA EBC Annex 54 "Integration of Micro-Generation and Related Energy Technologies in Buildings" (Act on the Rational Use of Energy)
- 3.4.3.2 South Korea
- 3.4.3.2.1 Climate Action Tracker
- 3.5 COVID- 19 impact on the industry outlook
- 3.5.1 Top 10 countries impacted by COVID- 19
- 3.5.2 Overall view
- 3.6 Industry impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 North America
- 3.6.1.1.1 Stringent emission norms
- 3.6.1.1.2 Reducing dependency on conventional coal fired plant
- 3.6.1.2 Europe
- 3.6.1.2.1 Growth in the renewable energy sector
- 3.6.1.2.2 Increasing demand for space heating
- 3.6.1.3 Asia Pacific
- 3.6.1.3.1 Increasing industrialization and urbanization
- 3.6.1.3.2 Increasing clean energy demand
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High upfront Cost
- 3.7 Growth potential analysis
- 3.8 Porter's Analysis
- 3.8.1 Bargaining power of buyer
- 3.8.2 Bargaining power of supplier
- 3.8.3 Threat of new entrants
- 3.8.4 Threat of substitutes
- 3.9 Competitive landscape, 2021
- 3.9.1 Strategy dashboard
- 3.9.1.1 AISIN CORPORATION
- 3.9.1.2 Yanmar HOLDINGS CO., LTD.
- 3.9.1.2.1 New Establishment
- 3.9.1.2.2 Product Launch
- 3.9.1.3 BDR Thermea Group
- 3.9.1.4 Siemens Energy
- 3.9.1.4.1 Acquisition
- 3.9.1.4.2 Agreement
- 3.9.1.4.3 New manufacturing facility
- 3.9.1.5 Vaillant
- 3.9.1.6 Veolia Group
- 3.9.1.7 Axiom Energy Group, LLC
- 3.9.1.8 EC Power A/S
- 3.10 PESTLE Analysis
Chapter 4 Micro CHP Market, By Capacity
- 4.1 Micro CHP market share by capacity, 2021 & 2030
- 4.2 < 2 kW
- 4.2.1 Global market from < 2 kW, 2018 - 2030
- 4.2.2 Global market from < 2 kW, by region, 2018 - 2030
- 4.3 2 kW to ≤ 10 kW
- 4.3.1 Global market from 2 kW to ≤ 10 kW, 2018 - 2030
- 4.3.2 Global market from 2 kW to ≤ 10 kW, by region, 2018 - 2030
- 4.4 > 10 kW to ≤ 50 kW
- 4.4.1 Global market from > 10 kW to ≤ 50 kW, 2018 - 2030
- 4.4.2 Global market from > 10 kW to ≤ 50 kW, by region, 2018 - 2030
Chapter 5 Micro CHP Market, By Fuel
- 5.1 Micro CHP market share by fuel, 2021 & 2030
- 5.2 Natural gas & LPG
- 5.2.1 Global market from natural gas & LPG, 2018 - 2030
- 5.2.2 Global market from natural gas & LPG, by region, 2018 - 2030
- 5.3 Coal
- 5.3.1 Global market from coal, 2018 - 2030
- 5.3.2 Global market from coal, by region, 2018 - 2030
- 5.4 Renewable resources
- 5.4.1 Global market from renewable resources, 2018 - 2030
- 5.4.2 Global market from renewable resources, by region, 2018 - 2030
- 5.5 Oil
- 5.5.1 Global market from oil, 2018 - 2030
- 5.5.2 Global market from oil, by region, 2018 - 2030
- 5.6 Others
- 5.6.1 Global market from others, 2018 - 2030
- 5.6.2 Global market from others, by region, 2018 - 2030
Chapter 6 Micro CHP Market, By Prime Mover
- 6.1 Micro CHP market share by prime mover, 2021 & 2030
- 6.2 Stirling engine
- 6.2.1 Global market from stirling engine, 2018 - 2030
- 6.2.2 Global market from stirling engine, by region, 2018 - 2030
- 6.3 Internal combustion engine
- 6.3.1 Global market from internal combustion engine, 2018 - 2030
- 6.3.2 Global market from internal combustion engine, by region, 2018 - 2030
- 6.4 Fuel cell
- 6.4.1 Global market from fuel cell, 2018 - 2030
- 6.4.2 Global market from fuel cell, by region, 2018 - 2030
- 6.5 Others
- 6.5.1 Global market from others, 2018 - 2030
- 6.5.2 Global market from others, by region, 2018 - 2030
Chapter 7 Micro CHP Market, By Application
- 7.1 Micro CHP market share by application, 2021 & 2030
- 7.2 Residential
- 7.2.1 Global market from residential, 2018 - 2030
- 7.2.2 Global market from residential, by region, 2018 - 2030
- 7.2.3 Space heating/cooling
- 7.2.3.1 Global market from space heating/cooling, 2018 - 2030
- 7.2.3.2 Global market from space heating/cooling, by region, 2018 - 2030
- 7.2.4 Water heating
- 7.2.4.1 Global market from water heating, 2018 - 2030
- 7.2.4.2 Global market from water heating, by region, 2018 - 2030
- 7.2.5 Cooking
- 7.2.5.1 Global market from cooking, 2018 - 2030
- 7.2.5.2 Global market from cooking, by region, 2018 - 2030
- 7.2.6 Lighting
- 7.2.6.1 Global market from lighting, 2018 - 2030
- 7.2.6.2 Global market from lighting, by region, 2018 - 2030
- 7.2.7 Others
- 7.2.7.1 Global market from others, 2018 - 2030
- 7.2.7.2 Global market from others, by region, 2018 - 2030
- 7.3 Commercial
- 7.3.1 Global market from commercial, 2018 - 2030
- 7.3.2 Global market from commercial, by region, 2018 - 2030
- 7.3.3 Educational institutes
- 7.3.3.1 Global market from educational institutes, 2018 - 2030
- 7.3.3.2 Global market from educational institutes, by region, 2018 - 2030
- 7.3.4 Office buildings
- 7.3.4.1 Global market from office buildings, 2018 - 2030
- 7.3.4.2 Global market from office buildings, by region, 2018 - 2030
- 7.3.5 Healthcare buildings
- 7.3.5.1 Global market from healthcare buildings, 2018 - 2030
- 7.3.5.2 Global market from healthcare buildings, by region, 2018 - 2030
- 7.3.6 Others
- 7.3.6.1 Global market from others, 2018 - 2030
- 7.3.6.2 Global market from others, by region, 2018 - 2030
Chapter 8 Micro CHP Market, By Region
- 8.1 Micro CHP market share by region, 2021 & 2030
- 8.2 North America
- 8.2.1 North America market, 2018 - 2030
- 8.2.2 North America market by capacity, 2018 - 2030
- 8.2.3 North America market by fuel, 2018 - 2030
- 8.2.4 North America market by prime mover, 2018 - 2030
- 8.2.5 North America market by application, 2018 - 2030
- 8.2.5.1 North America market by residential, 2018 - 2030
- 8.2.5.2 North America market by commercial, 2018 - 2030
Similar information is provided for
- 8.3 Europe
- 8.3.1 Europe market, 2018 - 2030
- 8.3.2 Europe market by capacity, 2018 - 2030
- 8.3.3 Europe market by fuel, 2018 - 2030
- 8.3.4 Europe market by prime mover, 2018 - 2030
- 8.3.5 Europe market by application, 2018 - 2030
- 8.3.5.1 Europe market by residential, 2018 - 2030
- 8.3.5.2 Europe market by commercial, 2018 - 2030
Similar information is provided for
- 8.3.6 Germany
- 8.3.7 UK
- 8.3.8 Italy
- 8.3.9 Ireland
- 8.3.10 Netherlands
- 8.4 Asia Pacific
- 8.4.1 Asia Pacific market, 2018 - 2030
- 8.4.2 Asia Pacific market by capacity, 2018 - 2030
- 8.4.3 Asia Pacific market by fuel, 2018 - 2030
- 8.4.4 Asia Pacific market by prime mover, 2018 - 2030
- 8.4.5 Asia Pacific market by application, 2018 - 2030
- 8.4.5.1 Asia Pacific market by residential, 2018 - 2030
- 8.4.5.2 Asia Pacific market by commercial, 2018 - 2030
Similar information is provided for
- 8.4.6 Japan
- 8.4.7 South Korea
- 8.5 Rest of World
- 8.5.1 Rest of World market, 2018 - 2030
- 8.5.2 Rest of World market by capacity, 2018 - 2030
- 8.5.3 Rest of World market by fuel, 2018 - 2030
- 8.5.4 Rest of World market by prime mover, 2018 - 2030
- 8.5.5 Rest of World market by application, 2018 - 2030
- 8.5.5.1 Rest of World market by residential, 2018 - 2030
- 8.5.5.2 Rest of World market by commercial, 2018 - 2030
Chapter 9 Company Profiles
- 9.1 AISIN CORPORATION
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 Strategic Outlook
- 9.1.5 SWOT Analysis
- 9.2 YANMAR HOLDINGS CO., LTD.
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 Strategic Outlook
- 9.2.5 SWOT Analysis
- 9.3 BDR Thermea Group
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
- 9.4 2G Energy AG
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 SWOT Analysis
- 9.5 VIESSMANN
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 SWOT Analysis
- 9.6 Siemens Energy
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
- 9.7 Veolia
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
- 9.8 Vaillant Group
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 Strategic Outlook
- 9.8.5 SWOT Analysis
- 9.9 Axiom Energy Group, LLC
- 9.9.1 Business Overview
- 9.9.2 Product Landscape
- 9.9.3 Strategic Outlook
- 9.9.4 SWOT Analysis
- 9.10 MTT bv
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 SWOT Analysis
- 9.11 TEDOM
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 SWOT Analysis
- 9.12 EC Power A/S
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 Strategic Outlook
- 9.12.5 SWOT Analysis