The major factors that are augmenting the growth of the market are high heat electricity generation capacity. Furthermore, increasing concern related to the environment, rising demand for fuel cell-based systems, government support, and initiative that includes feed-in tariffs (fits) and tax incentives for the generation of renewable energy, is also acting as the major factors that are contributing significantly toward the growth of the market.
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The market is segmented based on technology, type, and end-user. By technology, the market is segmented into the internal combustion engine, stirling engine technology, organic rankine cycle, and others. Based on the type segment, the market is segmented into the engine-based and fuel cell-based. Further, based on end-user, the market is segmented into residential and commercial.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Micro CHP Market by Technology
- Internal Combustion Engine
- Stirling Engine Technology
- Organic Rankine Cycle
- Others
Global Micro CHP Market by Type
- Engine based
- Fuel cell based
Global Micro CHP Market by End-User
- Residential
- Commercial
Regional Analysis
- North America
- .United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AISIN CORP.
- ATCO LTD.
- Axiom Energy Group, LLC
- BDR Thermea Group
- Ceres Power Holdings plc
- Centrica plc
- Dalkia Aegis
- Enerblu Cogeneration
- Evo Energy Technologies
- General Electric
- Honda Motor Co., Ltd.
- Lochinvar
- Micro Turbine Technology BV (MTT)
- NSC USA Inc.
- Origen Energy Ltd.
- Qnergy
- Solid Power
- Vaillant Group
- Viessmann Manufacturing Co. Inc.
- Veolia
- Yankee Scientific, Inc.
- Yanmar America Corp. LTD.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global micro CHP market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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