MCHP (Micro combined heat and power or micro-CHP) is an extension of the idea of cogeneration to the single/multi family home or small office building in the range of up to 50 kW.
CHP describes a generating system that utilizes an input fuel, usually gas, to create both electricity and heat simultaneously (cogeneration). In larger configurations, heat is also converted to provide cooling using absorption chillers (i.e. tri or poly generation).
Combined heat and power (CHP) systems for homes or small commercial buildings are often fueled by natural gas to produce electricity and heat. A micro-CHP system is a small fuel cell or a heat engine driving a generator which provides electric power and heat for an individual building’s heating, ventilation, and air conditioning. A micro-CHP may primarily follow heat demand, delivering electricity as the by-product, or may follow electrical demand to generate electricity and heat is the by-product. When used primarily for heat in circumstances of fluctuating electrical demand, micro-CHP systems may generate more electricity than is instantly being demanded.
Major Key Players
- BDR Thermea Group (Netherlands)
- Vaillant Group (Germany)
- Honda Power (Japan)
- Ceres Power Holdings Plc. (U.K.)
- Yanmar Holdings Co. Ltd. (Japan)
- Solid Power (Denmark)
- Dantherm Power (Denmark)
- Viessmann Group (Germany)
- Marathon Engine Systems (U.S.)
- Qnergy (Israel)
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Growing awareness among individuals globally is increasing the demand for cost effective usage of the natural resources to ensure sustainable development.
Increasing demand among the individuals for low carbon emitting techniques and procedures and reducing electricity expenses thus inducing demand in the MCHP market.
Increasing population and growing demand for sustainable energy sources are also other factors which are contributing to the MCHP market.
Segmentation by end-users
Segmentation by category
- Fuel cell
- Heat Engine
- IC Engine
- Stirling Engine
The report on MCHP of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance.
Taste the market data and market information presented through more than 50 market data tables and figures spread in 120 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global MCHP Market Research Report – Forecast to 2027”
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Study Objectives of MCHP market
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global MCHP market
- To provide insights about factors affecting the market growth
- To Analyze the MCHP market based on various factors- price analysis, supply chain analysis, Porters five force analysis.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to six main geographies and their countries- North America, Europe, Asia-Pacific, and Rest of the World
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by end-users, by type, by category, and by region as well as its sub segments
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, and new product developments in the global MCHP market.
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Regional Analysis of MCHP Market
Asia-Pacific region is the leading region for the MCHP market mainly due to the increasing demand for energy in this region. Favorable government policies to incentivize the development of new technologies by MCHP companies in this region are another factor driving this market. North America is showing huge growth in the MCHP market due to technological development and development of new techniques of sustainable energy sources translating into demand in the MCHP market.
- Rest Of Europe
- South Korea
Rest of Asia Pacific
Rest of the World
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, Furthermore technological advancement, and macro-economic factors in the market have also been discussed in detail in the report. The report provides detailed information and strategies of the key players in the industry. The report also provides a broad study of the different market segments and regions.
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