Combined heat power generation is the generation of heat and electricity simultaneously. This is done through burning fuels such as natural gas, oils and biomass. Micro combined heat power generation is the scaled down version of CHP methods. The reason for this report is current and future trends which can attract many organizations to opt for this industry. The report analyses the opportunities of this market which can help the organization to formulate successful strategies and increase their profitability.
The benefits of micro CHP systems include the easy and efficient product of heat and electricity. Moreover electricity can be generated as the by product of heat generation. Utilization of waste resources and saving of carbon acts as the driving force of this industry. The limiting factor of this industry are rising energy prices and stringent rules imposed by the government in the production of CHP systems. The opportunity lies in the manufacturing of the systems which contribute to the saving of fuel in a better way.
Micro Combined Heat & Power Market Analysis by Technology
On the basis of technology, the micro combined heat power market is segmented mainly into five types, namely the current technologies, advanced technologies, related technologies, complementary devices and microchip fuel input. The current technologies best suit the need of thermal and heat generation presently. In this segment the most adopted technology is internal combustion engine. These engines are of robust construction and are more efficient than other, which leads to the wider adoption of this technology.
Micro Combined Heat & Power Market Analysis by Application
Micro Combined heat power technology market can be segmented on the basis of application into commercial and residential sector. The residential sector has adopted this method more than the industrial sector. This method is considered as the substitute for the conventional boilers in the residential sector by saving energy and time.
Micro Combined Heat Power Market Analysis by Geography
On the basis of geography the micro combined heat power market is segmented into North America, Europe, Asia pacific and Latin America, Middle East and Africa (LAMEA). The highest market share is of Asia pacific due to Japan, which has half of the world’s total market share of Micro CHP systems due to their technological advancement, which Japan has exhibited for last few decades.
Top players in global micro combined heat and power generation market are Cogen micro systems, climate energy LLC, Ceres power holding PLC, BDR thermea group, Clearedge power, Yanmar Co ltd and Valliant group.
The most adopted strategy of this market is innovation and launch of new products. Nirvana Energy systems has developed a new micro combined heat and power generation unit called as the Thermo Acoustic Power Stick .
High Level Analysis
Porter’s five forces model and SWOT analysis provides a complete overview of the global micro combined heat and power generation market. The bargaining power of the buyer is low. The reason behind this low bargaining is no significant difference in the technology used while manufacturing these systems. Due to this the buyer can easily shift from one manufacturer to other as the switching costs are minimal. The threat of substitute is low due to the performance of the substitute is inferior. The substitute of the Micro CHP is boiler which can not match the performance of Micro CHP systems. The threat of new entrants is low due to high initial investments needed for this industry.
The global micro combined heat and power market can be segmented into technology, application and geography.
MARKET BY TECHNOLOGY
MARKET BY APPLICATION
MARKET BY GEOGRAPHY