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 which can attract many organizations to opt for this industry. The report analyses the opportunities of this market which can help the organization to formulate successful strategies and increase their profitability.
MARKET SCOPE
The "Global Micro combined heat & power Market Analysis to 2028" is a specialized and in-depth study of the Micro combined heat & power market with a special focus on the global market trend analysis. The report aims to provide an overview of Micro combined heat & power market with detailed market segmentation by fuel type, application,, and geography. The global Micro combined heat & power market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Micro combined heat & power market players and offers key trends and opportunities in the Micro combined heat & power market.
MARKET SEGMENTATION
- The global micro combined heat & power market is segmented on the basis of fuel type, and application.
- On the basis of fuel type, the market is divided into resources, hydrogen, natural gas, and others.
- On the basis of application the market is segmented into residential, and commercial.
Drivers
- Government programs and incentives to promote CHP.
- Increased installation and maintenance costs of CHP systems.
- Rising Energy Prices.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The micro combined heat & power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micro combined heat & power market in these regions.
IMPACT OF COVID-19 ON MICRO COMBINED HEAT & POWER MARKET
COVID-19 had an immediate impact on the worldwide micro combined heat & power sector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
COVID-19 has slowed the growth of the CHP market, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the CHP market owing to the suspension of activities of end-users.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the CHP market, since CHP systems were still not operating at their full capacity.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The micro combined heat & power market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micro combined heat & power market in these regions.
IMPACT OF COVID-19 ON MICRO COMBINED HEAT & POWER MARKET
COVID-19 had an immediate impact on the worldwide micro combined heat & power sector due to social distancing norms and a labour shortage. As a result, new projects were cancelled and installations were postponed.
COVID-19 has slowed the growth of the CHP market, as countries were forced to implement lockdowns during the first half of 2020. Strict guidelines were issued by governments and local authorities, and all non-essential operations were halted. This adversely affected the CHP market owing to the suspension of activities of end-users.
In addition, production and supply chain delays were also witnessed during the second quarter which poised a challenge to the CHP market, since CHP systems were still not operating at their full capacity.
MARKET PLAYERS
The report covers key developments in the micro combined heat & power market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from micro combined heat & powermarket market are anticipated to lucrative growth opportunities in the future with the rising demand for micro combined heat & power market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Micro combined heat & power market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Yanmar
- GE Power
- Siemens
- Dalkia Aegis, EDF Group
- 2G Energy AG
- Samad Power
- Vaillant Group
- Viessmann
- Axiom Energy Group
- Micro Turbine Technology B.V.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Micro Combined Heat And Power Market - By Fuel Type
1.3.2 Micro Combined Heat And Power Market - By Application
1.3.3 Micro Combined Heat And Power Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. MICRO COMBINED HEAT AND POWER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. MICRO COMBINED HEAT AND POWER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. MICRO COMBINED HEAT AND POWER MARKET - GLOBAL MARKET ANALYSIS
6.1. MICRO COMBINED HEAT AND POWER - GLOBAL MARKET OVERVIEW
6.2. MICRO COMBINED HEAT AND POWER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. MICRO COMBINED HEAT AND POWER MARKET - REVENUE AND FORECASTS TO 2028 - FUEL TYPE
7.1. OVERVIEW
7.2. FUEL TYPE MARKET FORECASTS AND ANALYSIS
7.3. RESOURCES
7.3.1. Overview
7.3.2. resources Market Forecast and Analysis
7.4. HYDROGEN
7.4.1. Overview
7.4.2. hydrogen Market Forecast and Analysis
7.5. NATURAL GAS
7.5.1. Overview
7.5.2. natural gas Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. others Market Forecast and Analysis
8. MICRO COMBINED HEAT AND POWER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
9. MICRO COMBINED HEAT AND POWER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Micro Combined Heat And Power Market Overview
9.1.2 North America Micro Combined Heat And Power Market Forecasts and Analysis
9.1.3 North America Micro Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.1.4 North America Micro Combined Heat And Power Market Forecasts and Analysis - By Application
9.1.5 North America Micro Combined Heat And Power Market Forecasts and Analysis - By Countries
9.1.5.1 United States Micro Combined Heat And Power Market
9.1.5.1.1 United States Micro Combined Heat And Power Market by Fuel Type
9.1.5.1.2 United States Micro Combined Heat And Power Market by Application
9.1.5.2 Canada Micro Combined Heat And Power Market
9.1.5.2.1 Canada Micro Combined Heat And Power Market by Fuel Type
9.1.5.2.2 Canada Micro Combined Heat And Power Market by Application
9.1.5.3 Mexico Micro Combined Heat And Power Market
9.1.5.3.1 Mexico Micro Combined Heat And Power Market by Fuel Type
9.1.5.3.2 Mexico Micro Combined Heat And Power Market by Application
9.2. EUROPE
9.2.1 Europe Micro Combined Heat And Power Market Overview
9.2.2 Europe Micro Combined Heat And Power Market Forecasts and Analysis
9.2.3 Europe Micro Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.2.4 Europe Micro Combined Heat And Power Market Forecasts and Analysis - By Application
9.2.5 Europe Micro Combined Heat And Power Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Micro Combined Heat And Power Market
9.2.5.1.1 Germany Micro Combined Heat And Power Market by Fuel Type
9.2.5.1.2 Germany Micro Combined Heat And Power Market by Application
9.2.5.2 France Micro Combined Heat And Power Market
9.2.5.2.1 France Micro Combined Heat And Power Market by Fuel Type
9.2.5.2.2 France Micro Combined Heat And Power Market by Application
9.2.5.3 Spain Micro Combined Heat And Power Market
9.2.5.3.1 Spain Micro Combined Heat And Power Market by Fuel Type
9.2.5.3.2 Spain Micro Combined Heat And Power Market by Application
9.2.5.4 United Kingdom Micro Combined Heat And Power Market
9.2.5.4.1 United Kingdom Micro Combined Heat And Power Market by Fuel Type
9.2.5.4.2 United Kingdom Micro Combined Heat And Power Market by Application
9.2.5.5 Russia Micro Combined Heat And Power Market
9.2.5.5.1 Russia Micro Combined Heat And Power Market by Fuel Type
9.2.5.5.2 Russia Micro Combined Heat And Power Market by Application
9.2.5.6 Rest of Europe Micro Combined Heat And Power Market
9.2.5.6.1 Rest of Europe Micro Combined Heat And Power Market by Fuel Type
9.2.5.6.2 Rest of Europe Micro Combined Heat And Power Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Micro Combined Heat And Power Market Overview
9.3.2 Asia-Pacific Micro Combined Heat And Power Market Forecasts and Analysis
9.3.3 Asia-Pacific Micro Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.3.4 Asia-Pacific Micro Combined Heat And Power Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Micro Combined Heat And Power Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Micro Combined Heat And Power Market
9.3.5.1.1 Australia Micro Combined Heat And Power Market by Fuel Type
9.3.5.1.2 Australia Micro Combined Heat And Power Market by Application
9.3.5.2 China Micro Combined Heat And Power Market
9.3.5.2.1 China Micro Combined Heat And Power Market by Fuel Type
9.3.5.2.2 China Micro Combined Heat And Power Market by Application
9.3.5.3 India Micro Combined Heat And Power Market
9.3.5.3.1 India Micro Combined Heat And Power Market by Fuel Type
9.3.5.3.2 India Micro Combined Heat And Power Market by Application
9.3.5.4 Japan Micro Combined Heat And Power Market
9.3.5.4.1 Japan Micro Combined Heat And Power Market by Fuel Type
9.3.5.4.2 Japan Micro Combined Heat And Power Market by Application
9.3.5.5 South Korea Micro Combined Heat And Power Market
9.3.5.5.1 South Korea Micro Combined Heat And Power Market by Fuel Type
9.3.5.5.2 South Korea Micro Combined Heat And Power Market by Application
9.3.5.6 Rest of Asia-Pacific Micro Combined Heat And Power Market
9.3.5.6.1 Rest of Asia-Pacific Micro Combined Heat And Power Market by Fuel Type
9.3.5.6.2 Rest of Asia-Pacific Micro Combined Heat And Power Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Micro Combined Heat And Power Market Overview
9.4.2 Middle East and Africa Micro Combined Heat And Power Market Forecasts and Analysis
9.4.3 Middle East and Africa Micro Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.4.4 Middle East and Africa Micro Combined Heat And Power Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Micro Combined Heat And Power Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Micro Combined Heat And Power Market
9.4.5.1.1 South Africa Micro Combined Heat And Power Market by Fuel Type
9.4.5.1.2 South Africa Micro Combined Heat And Power Market by Application
9.4.5.2 Saudi Arabia Micro Combined Heat And Power Market
9.4.5.2.1 Saudi Arabia Micro Combined Heat And Power Market by Fuel Type
9.4.5.2.2 Saudi Arabia Micro Combined Heat And Power Market by Application
9.4.5.3 U.A.E Micro Combined Heat And Power Market
9.4.5.3.1 U.A.E Micro Combined Heat And Power Market by Fuel Type
9.4.5.3.2 U.A.E Micro Combined Heat And Power Market by Application
9.4.5.4 Rest of Middle East and Africa Micro Combined Heat And Power Market
9.4.5.4.1 Rest of Middle East and Africa Micro Combined Heat And Power Market by Fuel Type
9.4.5.4.2 Rest of Middle East and Africa Micro Combined Heat And Power Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Micro Combined Heat And Power Market Overview
9.5.2 South and Central America Micro Combined Heat And Power Market Forecasts and Analysis
9.5.3 South and Central America Micro Combined Heat And Power Market Forecasts and Analysis - By Fuel Type
9.5.4 South and Central America Micro Combined Heat And Power Market Forecasts and Analysis - By Application
9.5.5 South and Central America Micro Combined Heat And Power Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Micro Combined Heat And Power Market
9.5.5.1.1 Brazil Micro Combined Heat And Power Market by Fuel Type
9.5.5.1.2 Brazil Micro Combined Heat And Power Market by Application
9.5.5.2 Argentina Micro Combined Heat And Power Market
9.5.5.2.1 Argentina Micro Combined Heat And Power Market by Fuel Type
9.5.5.2.2 Argentina Micro Combined Heat And Power Market by Application
9.5.5.3 Rest of South and Central America Micro Combined Heat And Power Market
9.5.5.3.1 Rest of South and Central America Micro Combined Heat And Power Market by Fuel Type
9.5.5.3.2 Rest of South and Central America Micro Combined Heat And Power Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. MICRO COMBINED HEAT AND POWER MARKET, KEY COMPANY PROFILES
11.1. YANMAR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. GE POWER
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. SIEMENS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. DALKIA AEGIS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. EDF GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. 2G ENERGY AG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SAMAD POWER
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. VAILLANT GROUP
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. VIESSMANN
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. AXIOM ENERGY GROUP
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List Of Companies
- Yanmar
- GE Power
- Siemens
- Dalkia Aegis
- EDF Group
- G Energy AG
- Samad Power
- Vaillant Group
- Viessmann
- Axiom Energy Group
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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