Micro Combined Heat and Power Market Scenario

Micro-combined heat and power (MCHP) is a next-generation power solution, particularly, defined for small size cogeneration plants. MCHP is capable of meeting the demand for space heating or cooling in buildings, accompanied by the capability of fulfilling the demand for electricity, which can replace the need for grid supply. The main output of the MCHP systems is heat with some electricity generation, at a typical ratio of 6:1 (heat to electricity). The buildings that include residential and commercial infrastructure contributed to around 21% of the total energy consumption, in 2015.

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Combined Heat and power (CHP) technology is a well-established method of generating electricity and thermal heat, simultaneously, from the same source. The technology is gaining more attention from the fact that the energy produced through cogeneration offers up to 80% efficiency. According to research, around 8% of the total electricity generated is from the cogeneration plants.

Prominent Players:

Some of the key players of global MCHP market are Honda Power (Japan), Vaillant Group (Germany), Yanmar Holdings Co. Ltd. (Japan), Ceres Power Holdings PLC (U.K), Qnergy (U.S.), Aisin Group (Japan), BDR Thermea Group (U.K), Centrica plc (U.K), Mondragon Corporation (Spain), Viessmann Group (Germany), Dantherm Power (Denmark), Nucusa Energy (U.S.), and Solid Power (U.S.).

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Micro Combined Heat and Power (MCHP) Market Segmentation

Global MCHP market has been segmented on the basis of type, technology, application and region.

Based on type, the market is further classified as engine based and fuel-cell based. The fuel-cell based segment is expected to dominate the market due to increased focus on fuel cell technology and its benefits over the conventional power generation systems.

The engine based MCHP has power generation capacity of 1 kWh, while the fuel-cell based MCHP can generate up to 2kWh of power and has an electrical output of more than 65% efficiency. Segregating the technology segment, the sub-segments are internal combustion engine, PEMFC, Rankine cycle engine, Stirling engine, and SOFC. Amongst these, Stirling engine and SOFC segments are the most successful technology segments due to their capacity of saving more carbon footprint and greater operational efficiency than rest of the sub-segments.

Based on application, the market is further segmented as residential and commercial. Commercial segment accounts for the largest segments, due to funding and incentives provided by the government to install the MCHP systems. Also, the unused electricity generated, can be sold back to the grid, through which the commercial segments make profits, thus contributing the largest market share.

List Of Tables

Table 1 Global MCHP Market: By Region, 2018-2023

Table 2 North America MCHP Market: By Country, 2018-2023

Table 3 Europe MCHP Market: By Country, 2018-2023

Table 4 Asia Pacific MCHP Market: By Country, 2018-2023

Table 5 RoW MCHP Market: By Country, 2018-2023

Table 6 Global MCHP Market By Type Market: By Regions, 2018-2023

Table 7 North America MCHP Market By Type: By Country, 2018-2023

Table 8 Europe MCHP Market By Type: By Country, 2018-2023

Continued……

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