NEW YORK, Feb. 21, 2022 /PRNewswire/ -- The micro combined heat and power (micro-CHP) market size is set to grow by 15.02 GW units from 2020 to 2025, according to Technavio. However, the growth momentum of the market will decelerate at a CAGR of 16.33%
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Micro Combined Heat and Power (micro-CHP) Market 2021-2025: Scope
The report also covers the following areas:
Micro Combined Heat and Power (micro-CHP) Market 2021-2025: Segmentation
By technology, the micro combined heat and power (micro-CHP) market has been segmented into fuel cells and engines. The fuel cells segment will have significant market share growth during the forecast period. The significant rise in demand for fuel cells helps in the reduction of carbon emissions when compared to other power generation technologies. This will drive the market growth through this segment.
By geography, the micro combined heat and power (micro-CHP) market has been segmented into APAC, Europe, North America, MEA, and South America. APAC will have the largest market share growth during the forecast period.
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Micro Combined Heat and Power (micro-CHP) Market 2021-2025: Vendor Analysis
To help businesses improve their market position, the micro combined heat and power (micro-CHP) market provides a detailed analysis of around 25 vendors operating in the market. The micro combined heat and power (micro-CHP) market is fragmented, and the degree of fragmentation will decelerate. The rise in world energy demand will offer immense growth opportunities. However, the high costs associated with micro-CHP units will hamper the market growth.
Some of the vendors include 2G Energy AG, Ballard Power Systems Inc., BDR Thermea Group BV, Ceres Power Holdings plc, Enginuity Power Systems, Honda Motor Co. Ltd., Qnergy, SOLIDpower Spa, Viessmann Werke GmbH & Co. KG, and Yanmar Holdings Co. Ltd. The key offerings of some of these vendors are listed below:
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Micro Combined Heat and Power (micro-CHP) Market 2021-2025: Key Highlights
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Micro Combined Heat And Power (micro-CHP) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 16.33% |
Market growth 2021-2025 |
15.02 GW units |
Market structure |
Fragmented |
YoY growth (%) |
21.75 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 51% |
Key consumer countries |
China, Japan, US, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
2G Energy AG, Ballard Power Systems Inc., BDR Thermea Group BV, Ceres Power Holdings plc, Enginuity Power Systems, Honda Motor Co. Ltd., Qnergy, SOLIDpower Spa, Viessmann Werke GmbH & Co. KG, and Yanmar Holdings Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
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SOURCE Technavio
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