Combined heat power generation is the generation of heat and electricity simultaneously. This is done through burning fuels such as natural gas, oils, and biomass. Micro-combined heat power generation is the scaled-down version of CHP methods. The reason for this report is current and future trends that can attract many organizations to opt for this industry. The report analyses the opportunities in this market which can help the organization to formulate successful strategies and increase its profitability.
The benefits of micro CHP systems include the easy and efficient production of heat and electricity. Moreover, electricity can be generated as the by-product of heat generation. Utilization of waste resources and saving of carbon acts as the driving force of this industry. The limiting factor of this industry is rising energy prices and stringent rules imposed by the government in the production of CHP systems. The opportunity lies in the manufacturing of the systems which contribute to the saving of fuel in a better way.
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Micro Combined Heat & Power Market Analysis by Technology
On the basis of technology, the micro combined heat power market is segmented mainly into five types, namely the current technologies, advanced technologies, related technologies, complementary devices, and microchip fuel input. The current technologies best suit the need for thermal and heat generation presently. In this segment, the most adopted technology is the internal combustion engine. These engines are of robust construction and are more efficient than others, which leads to the wider adoption of this technology.
Micro Combined Heat & Power Market Analysis by Application
The Micro Combined heat power technology market can be segmented on the basis of application into the commercial and residential sectors. The residential sector has adopted this method more than the industrial sector. This method is considered the substitute for conventional boilers in the residential sector by saving energy and time.
Micro Combined Heat Power Market Analysis by Geography
On the basis of geography, the micro combined heat power market is segmented into North America, Europe, Asia Pacific and Latin America, the Middle East, and Africa (LAMEA). The highest market share is in Asia pacific due to Japan, which has half of the world’s total market share of Micro CHP systems due to their technological advancement, which Japan has exhibited for the last few decades.
Competitive Landscape
Top players in the global micro combined heat and power generation market are Cogen microsystems, climate energy LLC, Ceres power holding PLC, BDR thermae group, Clearedge power, Yanmar Co ltd, and Valliant group.
The most adopted strategy of this market is innovation and the launch of new products. Nirvana Energy systems have developed a new micro combined heat and power generation unit called the Thermo Acoustic Power Stick.
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High-Level Analysis
Porter’s five forces model and SWOT analysis provide a complete overview of the global micro combined heat and power generation market. The bargaining power of the buyer is low. The reason behind this low bargaining is no significant difference in the technology used while manufacturing these systems. Due to this, the buyer can easily shift from one manufacturer to other as the switching costs are minimal. The threat of substitute is low due to the performance of the substitute being inferior. The substitute of the Micro CHP is a boiler that can not match the performance of Micro CHP systems. The threat of new entrants is low due to the high initial investments needed for this industry.
KEY BENEFITS
- Scientific estimations are calculated to project trends for the analysis period which determines the complete overview of the market.
- Additional focus is provided on trends and opportunities in various geographies so that companies can make differentiated targeting plans to gain a competitive edge
- Porter’s five forces model and SWOT analysis provide the key investment pockets by determining the potency of buyers and suppliers
- Competitive business advantages of micro CHP generation methods over conventional techniques explained in the study convey the market’s potential to concerned companies
Global Micro Combined Heat & Power Market Report Highlights
BY TECHNOLOGY
Current technologies
- External combustion engine
- Internal combustion engine
- Microturbine
- Fuel cells
Advanced technologies
- Thermo-voltaic
- Thermo-ionic
Related technologies
- Energy storage (Electrical and thermal)
- Load management
- Smart grid
Complementary devices
- Heat exchangers
- Absorption chillers
- Desiccant devices
- Buffer tanks
Micro chip fuel input
BY APPLICATION
- Commercial
- Residential
BY GEOGRAPHY
- North America
- Europe
- Asia pacific
- LAMEA
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