Latest niche Market Research Study on ” 2017-2023 Global Micro Combined Heat and Power Market” Published at Orbisresearch.com
According to Stratistics MRC, the Global Micro Combined Heat & Power Market is accounted for $2.61 billion in 2016 and is expected to reach $7.10 billion by 2023 growing at a CAGR of 15.3% during the forecast period. Factors such as reduction in carbon footprint and favourable government policies are fueling the market growth. However, huge cost and infrastructural hurdles are hampering the market growth. Low cost of natural gas across the globe is a major challenge in the market.
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By type, Fuel Cell-Based segment dominated the global market with largest share owing to the focus on renewable power generation and reduction in carbon emissions. By geography, Asia-Pacific is anticipated to account for the largest market share owing to the rapid technological advancements in micro CHP Systems in Japan which comprises to half of the global market share.
Some of the key players in Micro Combined Heat & Power market include Whisper Tech Limited, Honda Power, Vaillant Group, Viessmann Group, Ceres Power Holdings PLC, Solid Power, Ener-G Cogen International, Qnergy, BDR Thermea Group, Dantherm Power, Yanmar Holdings Co. Ltd., Aisin Group and Topsoe Fuel Cell.
Proton Exchange Membrane Fuel Cell (PEMFC)
Internal Combustion Engine
Solid Oxide Fuel Cell (SOFC)
Rankine Cycle Engine
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Rest of Europe
Rest of APAC
Rest of the World
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