Global Micro Combined Heat and Power (micro-CHP) Market 2023-2027

Description

List of Tables

Technavio has been monitoring the micro combined heat and power (micro-CHP) market and is forecast to grow by $3,646.31 mn during 2022-2027, accelerating at a CAGR of 15.53% during the forecast period. Our report on the micro combined heat and power (micro-CHP) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rise in global energy demand, economic and environmental benefits, and favorable government regulations.

Technavio's micro combined heat and power (micro-CHP) market is segmented as below:

By Application

Residential
Commercial

By Technology

Fuel cells
Engines

By Geography

APAC
Europe
North America
South America
Middle East and Africa

This study identifies the technological developments as one of the prime reasons driving the micro combined heat and power (micro-CHP) market growth during the next few years. Also, growing need for clean energy fuel and rising popularity of distributed energy generation will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the micro combined heat and power (micro-CHP) market covers the following areas:

Micro combined heat and power (micro-CHP) market sizing
Micro combined heat and power (micro-CHP) market forecast
Micro combined heat and power (micro-CHP) market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading micro combined heat and power (micro-CHP) market vendors that include 2G Energy AG, Axiom Energy Group LLC, BDR Thermea Group, Centrica Plc, Ceres Power Holdings plc, EC Power AS, General Electric Co., GreenSpec, GreenWatt Canada, Mitsubishi Heavy Industries Ltd., MTT bv, Robert Bosch GmbH, Samad Power Ltd., Siemens AG, Tedom AS, Vaillant Group, Veolia Environment SA, Viessmann Climate Solutions SE, Volkswagen AG, and Yanmar Holdings Co. Ltd. Also, the micro combined heat and power (micro-CHP) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR71981

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
Exhibit 06: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global micro combined heat and power (micro-CHP) market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global micro combined heat and power (micro-CHP) market 2017 - 2021 ($ million)
4.2 Application Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Application Segment 2017 - 2021 ($ million)
4.3 Technology Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Technology Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

6.1 Market segments
Exhibit 30: Chart on Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
6.2 Comparison by Application
Exhibit 32: Chart on Comparison by Application
Exhibit 33: Data Table on Comparison by Application
6.3 Residential - Market size and forecast 2022-2027
Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)
6.4 Commercial - Market size and forecast 2022-2027
Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Application
Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Technology

7.1 Market segments
Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
7.2 Comparison by Technology
Exhibit 45: Chart on Comparison by Technology
Exhibit 46: Data Table on Comparison by Technology
7.3 Fuel cells - Market size and forecast 2022-2027
Exhibit 47: Chart on Fuel cells - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Fuel cells - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Fuel cells - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Fuel cells - Year-over-year growth 2022-2027 (%)
7.4 Engines - Market size and forecast 2022-2027
Exhibit 51: Chart on Engines - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Engines - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Engines - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Engines - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Technology
Exhibit 55: Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 Japan - Market size and forecast 2022-2027
Exhibit 85: Chart on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.10 US - Market size and forecast 2022-2027
Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
9.11 Germany - Market size and forecast 2022-2027
Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 2G Energy AG
Exhibit 108: 2G Energy AG - Overview
Exhibit 109: 2G Energy AG - Product / Service
Exhibit 110: 2G Energy AG - Key offerings
12.4 Axiom Energy Group LLC
Exhibit 111: Axiom Energy Group LLC - Overview
Exhibit 112: Axiom Energy Group LLC - Product / Service
Exhibit 113: Axiom Energy Group LLC - Key offerings
12.5 Centrica Plc
Exhibit 114: Centrica Plc - Overview
Exhibit 115: Centrica Plc - Business segments
Exhibit 116: Centrica Plc - Key news
Exhibit 117: Centrica Plc - Key offerings
Exhibit 118: Centrica Plc - Segment focus
12.6 Ceres Power Holdings plc
Exhibit 119: Ceres Power Holdings plc - Overview
Exhibit 120: Ceres Power Holdings plc - Business segments
Exhibit 121: Ceres Power Holdings plc - Key news
Exhibit 122: Ceres Power Holdings plc - Key offerings
Exhibit 123: Ceres Power Holdings plc - Segment focus
12.7 General Electric Co.
Exhibit 124: General Electric Co. - Overview
Exhibit 125: General Electric Co. - Business segments
Exhibit 126: General Electric Co. - Key news
Exhibit 127: General Electric Co. - Key offerings
Exhibit 128: General Electric Co. - Segment focus
12.8 GreenSpec
Exhibit 129: GreenSpec - Overview
Exhibit 130: GreenSpec - Product / Service
Exhibit 131: GreenSpec - Key offerings
12.9 Mitsubishi Heavy Industries Ltd.
Exhibit 132: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 133: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 134: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 135: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 136: Mitsubishi Heavy Industries Ltd. - Segment focus
12.10 Robert Bosch GmbH
Exhibit 137: Robert Bosch GmbH - Overview
Exhibit 138: Robert Bosch GmbH - Business segments
Exhibit 139: Robert Bosch GmbH - Key news
Exhibit 140: Robert Bosch GmbH - Key offerings
Exhibit 141: Robert Bosch GmbH - Segment focus
12.11 Samad Power Ltd.
Exhibit 142: Samad Power Ltd. - Overview
Exhibit 143: Samad Power Ltd. - Product / Service
Exhibit 144: Samad Power Ltd. - Key offerings
12.12 Siemens AG
Exhibit 145: Siemens AG - Overview
Exhibit 146: Siemens AG - Business segments
Exhibit 147: Siemens AG - Key news
Exhibit 148: Siemens AG - Key offerings
Exhibit 149: Siemens AG - Segment focus
12.13 Vaillant Group
Exhibit 150: Vaillant Group - Overview
Exhibit 151: Vaillant Group - Product / Service
Exhibit 152: Vaillant Group - Key offerings
12.14 Veolia Environment SA
Exhibit 153: Veolia Environment SA - Overview
Exhibit 154: Veolia Environment SA - Business segments
Exhibit 155: Veolia Environment SA - Key offerings
Exhibit 156: Veolia Environment SA - Segment focus
12.15 Viessmann Climate Solutions SE
Exhibit 157: Viessmann Climate Solutions SE - Overview
Exhibit 158: Viessmann Climate Solutions SE - Product / Service
Exhibit 159: Viessmann Climate Solutions SE - Key offerings
12.16 Volkswagen AG
Exhibit 160: Volkswagen AG - Overview
Exhibit 161: Volkswagen AG - Business segments
Exhibit 162: Volkswagen AG - Key offerings
Exhibit 163: Volkswagen AG - Segment focus
12.17 Yanmar Holdings Co. Ltd.
Exhibit 164: Yanmar Holdings Co. Ltd. - Overview
Exhibit 165: Yanmar Holdings Co. Ltd. - Product / Service
Exhibit 166: Yanmar Holdings Co. Ltd. - Key news
Exhibit 167: Yanmar Holdings Co. Ltd. - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 168: Inclusions checklist
Exhibit 169: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 170: Currency conversion rates for US$
13.4 Research methodology
Exhibit 171: Research methodology
Exhibit 172: Validation techniques employed for market sizing
Exhibit 173: Information sources
13.5 List of abbreviations
Exhibit 174: List of abbreviations