© 2016 Global Market Insights. All Rights Reserved Micro Combined Heat and Power Market Outlook & Forecast Micro Combined Heat and Power Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Argentina, Germany, Italy, France, UK, Netherland, Russia, China, India, Japan, South Korea), Application Development, Price Trends, Competitive Market Share and Forecast, 2017 – 2024

© 2016 Global Market Insights. All Rights Reserved Global Micro Combined Heat And Power Market size is set to grow substantially during the forecast timeframe. Micro combined heat and power (CHP) technology generates both heat and usable electricity. Natural gas is used as a fuel for the generation of heat and power. Micro CHP is a small heat engine that drives the generator to produce heat and electricity. Changing energy scenario and attempts from government for sustainable utilization of existing resources will increase the business growth. Need for low carbon emission technologies will drive the micro combined heat and power market in the forecast period. Cost effective performance coupled with easy installation will boost its demand over other technologies including boilers. Adoption of micro CHP systems is increasing with growing fuel poverty, reduced carbon emissions, climatic changes and energy security. Global Market Scenario of Micro Combined Heat and Power

© 2016 Global Market Insights. All Rights Reserved Product Analysis:- Micro CHP systems can be implemented for residential and commercial applications. The demand in residential applications is mostly in the developing countries and hence will dominate the global Micro combined heat and power market. Favorable government policies and focus on reduction of greenhouse gases will increase the implementation of residential micro CHP systems. in North America. Increase in the production of natural gas in North America and hike in electricity prices will drive the micro combined heat and power market. In the U.S., demand for reliable on-site electricity supply against power outage will increase the adoption of micro CHP systems. Abundant and cheap natural gas in Canada will boost the implementation of micro CHP systems for generating heat and electricity. Regional Trends:- Depletion of conventional source of energy and rising energy demand in developing countries of this region will boost the installation of CHP systems. Allocation of fund by governments to various micro CHP companies will drive the micro combined heat and power market in Asia- Pacific region. Energy efficiency benefits facilitated by Micro CHP systems will drive the business growth in Japan, being an import dependent nation.

© 2016 Global Market Insights. All Rights Reserved Competitive Trends: Notable players in the micro combined heat and power market include Honda Power, Vaillant, Viessman, Ceres Power Holdings, Yanmar Holdings, BDR Thermea, Solid Power, Qnergy, Aisin, Dantherm Power and Topsoe Fuel Cell.

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