Micro Combined Heat and Power (micro-CHP) Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2023-2027
| Published: Feb 2023 | Pages: 173 | SKU: IRTNTR71981 |
Micro Combined Heat and Power (micro-CHP) Market Forecast 2023-2027
The global micro CHP market is expected to reach a value of USD 7.09 billion with a CAGR of 15.53% between 2023 and 2027. The micro CHP market refers to the market for small-scale power generation systems that simultaneously produce electricity and heat. Micro CHP systems are designed to provide energy efficiency and reduce greenhouse gas emissions. They are often used in residential and commercial buildings to meet heating, cooling, and electricity needs. The global micro CHP market is projected to grow at a significant rate due to increasing concerns about energy sustainability. This market research and growth report includes key drivers, trends, and challenges during the forecasted period.
Market Size
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The market is driven by various factors. Technology advancements have led to the development of state-of-the-art systems, enhancing energy efficiency and reducing maintenance costs. Installation costs are mitigated through government subsidies, encouraging the deployment of micro-CHP systems, especially in urbanized and industrialized areas. Programs like ENE-FARM promote the adoption of decentralized energy systems, particularly in domestic households, leveraging natural gas prices and optimizing fuel usage while improving capacity factors.
Market Dynamics
The market is witnessing exponential growth driven by the urgent need to address climate change and reduce greenhouse gas emissions. With a focus on clean energy alternatives, micro-CHP systems offer a viable solution, utilizing technology advancements to generate both heat and electricity efficiently. These systems leverage renewable resources such as hydrogen fuel and natural gas, minimizing reliance on fossil fuels and lowering greenhouse gas emissions. Supported by government subsidies and initiatives like the ENE-FARM deployment program, micro-CHP adoption is rising, particularly in residential sectors, offering cost-effective and energy-efficient solutions for domestic households.
Key Market Drivers
The rise in global energy demand is notably driving the market growth. Factors such as the electrification of heating and transport, the rise in the number of connected devices in the residential and commercial sectors, and the digitalization of modern economies have been propelling the electrification of the global energy system. Also, the demand for energy services such as air conditioning is expected to rise in households in tandem with the growth in income levels. On the other hand, the use of electric motor systems in industries has been driving the growth of energy demand in the industrial sector.
According to the IEA, in 2020, heat was the largest end-use of energy and accounted for about 50% of total energy consumption. Furthermore, 46% of the heat was used for space and water heating and cooking in the building sector. The technology has proven to be effective for these purposes. Hence, the rapid growth in the world energy demand from the residential as well as commercial sectors is expected to drive the global market during the forecast period.
Significant Market Trends
One of the key advantages driving the market growth is the technological developments to develop efficient as well as economically feasible units for consumers. For instance, MTT has been developing recuperated microturbines of capacity up to 30 kW of electrical power for CHP and other applications.
Based on MTT's 4 kW microturbine design, EnerTwin, a 3.2 kW electrical/15.6 kW thermal micro-CHP system has been developed for replacing heating boilers for small businesses and households. It was made commercially available in mid-2018 in the European market after extensive field trials conducted from mid-2013 till the end of 2017 in cooperation with numerous European utilities and installation companies. Such technological developments and an increase in investment will enable the development of efficient and cost-effective CHP systems, which will boost the potential development of the global market during the forecast period.
Major Market Challenge
One of the key restraints to market growth is the high costs associated with micro-CHP units that are limiting the proliferation of micro-CHP adoption. For instance, the total annual operating cost of ENE-FARM, a micro-CHP system utilizing PEMFC, is around 116% higher than that of conventional power generation energy systems. The fuel cells that are integrated into the CHP systems also incur a high capital cost. Although the price of hydrogen fuel cells declined in recent years due to factors such as high natural gas production, ongoing R&D activities, and regulation from government policies in fuel cell systems their fuel is still expensive.
For instance, the cost of power generation using fuel cells is more than double the cost of power generated using conventional sources. These factors are expected to hamper the growth of the market, especially in developing countries, during the projection period.
Market Segmentation
Micro Combined Heat and Power (micro-CHP) systems are revolutionizing energy production by simultaneously generating heat and electricity. These systems, powered by IC or Stirling engines, are particularly impactful in residential sectors, reducing maintenance costs and promoting energy efficiency. They utilize renewable resources like hydrogen fuel, aligning with global efforts to cut GHG emissions. Initiatives such as the ENE-FARM deployment program in Japan highlight their effectiveness in transforming energy usage patterns. Micro-CHP systems play a vital role in meeting targets set by organizations like the World Green Building Council and initiatives such as the European Climate Act. Their adoption supports urbanization efforts and offers a reliable alternative to volatile natural gas prices, contributing to a cleaner and more sustainable energy future.
By Application
The micro CHP systems market share growth of the residential segment will be significant during the forecast period. Growing urbanization is driving the demand for new residential units, especially in urban areas of APAC and North America. Various residential segments frequently use industrial machinery. The simultaneous generation of heat and electricity at the residential scale is known as combined heat and power (CHPs). Effectively, the CHP unit may provide heat, hot water, and the majority of the home's energy requirements while also replacing the gas central heating furnace, driving the segment growth during the forecast period.
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For the years 2022 through 2026, the average household size is anticipated to increase by 1% to 2% yearly. This will spark interest in new home construction initiatives. The reduced electricity and heating bills for consumers have led to a decrease in emissions and resilience of the power supply, which has increased the demand. Such factors are expected to fuel the growth of the residential segment in the market during the forecast period.
Regional Analysis
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APAC is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period. Approximately 30% of residential buildings in Europe are equipped with micro CHP systems. In Japan, micro CHP systems account for over 10% of total residential energy consumption. By 2024, it is estimated that more than 1 million micro CHP units will be installed worldwide.
The region is witnessing significant CO2 emissions from fuel combustion. According to the IEA, in 2020, Asia was the largest contributor to global CO2 emissions from fuel combustion and released about 17.43 gigatons of CO2 (GtCO2). This was twice the level of CO2 emissions from the Americas and thrice that of Europe. Hence, the need for clean energy has been rising, which has been paving the path for the growth of micro-CHP installation in the region. To boost the adoption of micro-CHP, significant support has been extended by the governments in the region. For instance, since 2012, the feed-in tariff mechanism has been prevalent in Japan, wherein preferable tax treatments and certain subsidies are available for CHP. Similarly, according to the NDRC Energy 565/NEA Electricity 42 policy introduced in March 2016 in China, CHP for residential heating and power is exempted from the restrictions on new coal-fired power generation capacity. Such favorable government regulations are expected to boost the growth of the micro-CHP market in the region.
Competitive Analysis and Key Players in the Market
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, technological advancements, government regulations, and incentives to enhance their presence in the market.
Key players in the micro CHP market include manufacturers such as Honda, Baxi, and Viessmann.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
2G Energy AG, Axiom Energy Group LLC, BDR Thermea Group, Centrica Plc, Ceres Power Holdings plc, EC Power AS, General Electric Co., GreenSpec, GreenWatt Canada, Mitsubishi Heavy Industries Ltd., MTT bv, Robert Bosch GmbH, Samad Power Ltd., Siemens AG, Tedom AS, Vaillant Group, Veolia Environment SA, Viessmann Climate Solutions SE, Volkswagen AG, and Yanmar Holdings Co. Ltd.
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
Market Analyst Overview
The market is witnessing significant growth driven by concerns over fossil fuels and greenhouse gas (GHG) emissions. Initiatives like the European Climate Act and the World Green Building Council are pushing for more sustainable energy solutions. Technology advancements in IC engines and Stirling engines are enhancing efficiency and reducing maintenance costs. Residential sectors are increasingly turning to renewable resources, supported by government subsidies and programs like the ENE-FARM deployment program. Decentralised energy systems are gaining traction in domestic households, offering lower installation costs and utilizing natural gas prices more efficiently. With state-of-the-art technology and a focus on reducing fuel usage and GHG emissions, micro-CHP systems are poised to play a pivotal role in industrialization and addressing climate change challenges.
The market is witnessing a surge in interest, driven by a push towards zero greenhouse gas emissions and resiliency against grid outages and natural disasters. With capacity factors improving and a focus on utilizing various fuels such as LPG, oil, biogas, RNG, and biodiesel, micro-CHP systems offer a reliable and sustainable alternative to conventional boilers. The United States Environment Protection Agency is advocating for these systems, offering grants, tax credits, and financing options to support their adoption. With their space-efficient designs, including wall-mounted and floor models, micro-CHP systems are gaining traction in both residential and commercial sectors, providing economical and resilient energy solutions for the future.
Segment Overview
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Application Outlook
- Residential
- Commercial
- Technology Outlook
- Fuel cells
- Engines
- Region Outlook
- APAC
- China
- India
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- North America
- The U.S.
- Canada
- South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- APAC
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Market Scope |
|
|
Report Coverage |
Details |
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Page number |
173 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 15.53% |
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Market growth 2023-2027 |
USD 3.64 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
14.56 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 52% |
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Key countries |
US, China, Japan, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
2G Energy AG, Axiom Energy Group LLC, BDR Thermea Group, Centrica Plc, Ceres Power Holdings plc, EC Power AS, General Electric Co., GreenSpec, GreenWatt Canada, Mitsubishi Heavy Industries Ltd., MTT bv, Robert Bosch GmbH, Samad Power Ltd., Siemens AG, Tedom AS, Vaillant Group, Veolia Environment SA, Viessmann Climate Solutions SE, Volkswagen AG, and Yanmar Holdings Co. Ltd. |
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Market dynamics |
Parent market analysis section, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Market Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the market growth and forecasting between 2023 and 2027
- Precise estimation of the size of the market growth and trends and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
- Market growth analysis across APAC, Europe, North America, South America, and Middle East and Africa
- A thorough market analysis and report of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of the key market companies
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global micro combined heat and power (micro-CHP) market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global micro combined heat and power (micro-CHP) market 2017 - 2021 ($ billion)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
- 4.3 Technology Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ billion)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 30: Chart on Application - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 32: Chart on Comparison by Application
- Exhibit 33: Data Table on Comparison by Application
- 6.3 Residential - Market size and forecast 2022-2027
- Exhibit 34: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Residential - Year-over-year growth 2022-2027 (%)
- 6.4 Commercial - Market size and forecast 2022-2027
- Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Application
- Exhibit 42: Market opportunity by Application ($ billion)
7 Market Segmentation by Technology
- 7.1 Market segments
- Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
- Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
- 7.2 Comparison by Technology
- Exhibit 45: Chart on Comparison by Technology
- Exhibit 46: Data Table on Comparison by Technology
- 7.3 Fuel cells - Market size and forecast 2022-2027
- Exhibit 47: Chart on Fuel cells - Market size and forecast 2022-2027 ($ billion)
- Exhibit 48: Data Table on Fuel cells - Market size and forecast 2022-2027 ($ billion)
- Exhibit 49: Chart on Fuel cells - Year-over-year growth 2022-2027 (%)
- Exhibit 50: Data Table on Fuel cells - Year-over-year growth 2022-2027 (%)
- 7.4 Engines - Market size and forecast 2022-2027
- Exhibit 51: Chart on Engines - Market size and forecast 2022-2027 ($ billion)
- Exhibit 52: Data Table on Engines - Market size and forecast 2022-2027 ($ billion)
- Exhibit 53: Chart on Engines - Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Engines - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Technology
- Exhibit 55: Market opportunity by Technology ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 57: Chart on Market share by geography 2022-2027 (%)
- Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 59: Chart on Geographic comparison
- Exhibit 60: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ billion)
- Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
- Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ billion)
- Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion)
- Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 Japan - Market size and forecast 2022-2027
- Exhibit 85: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 86: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
- Exhibit 87: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.10 US - Market size and forecast 2022-2027
- Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ billion)
- Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.11 Germany - Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
- Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.12 UK - Market size and forecast 2022-2027
- Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
- Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 101: Market opportunity by geography ($ billion)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 105: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 106: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification
- 12.3 2G Energy AG
- Exhibit 108: 2G Energy AG - Overview
- Exhibit 109: 2G Energy AG - Product / Service
- Exhibit 110: 2G Energy AG - Key offerings
- 12.4 Axiom Energy Group LLC
- Exhibit 111: Axiom Energy Group LLC - Overview
- Exhibit 112: Axiom Energy Group LLC - Product / Service
- Exhibit 113: Axiom Energy Group LLC - Key offerings
- 12.5 Centrica Plc
- Exhibit 114: Centrica Plc - Overview
- Exhibit 115: Centrica Plc - Business segments
- Exhibit 116: Centrica Plc - Key news
- Exhibit 117: Centrica Plc - Key offerings
- Exhibit 118: Centrica Plc - Segment focus
- 12.6 Ceres Power Holdings plc
- Exhibit 119: Ceres Power Holdings plc - Overview
- Exhibit 120: Ceres Power Holdings plc - Business segments
- Exhibit 121: Ceres Power Holdings plc - Key news
- Exhibit 122: Ceres Power Holdings plc - Key offerings
- Exhibit 123: Ceres Power Holdings plc - Segment focus
- 12.7 General Electric Co.
- Exhibit 124: General Electric Co. - Overview
- Exhibit 125: General Electric Co. - Business segments
- Exhibit 126: General Electric Co. - Key news
- Exhibit 127: General Electric Co. - Key offerings
- Exhibit 128: General Electric Co. - Segment focus
- 12.8 GreenSpec
- Exhibit 129: GreenSpec - Overview
- Exhibit 130: GreenSpec - Product / Service
- Exhibit 131: GreenSpec - Key offerings
- 12.9 Mitsubishi Heavy Industries Ltd.
- Exhibit 132: Mitsubishi Heavy Industries Ltd. - Overview
- Exhibit 133: Mitsubishi Heavy Industries Ltd. - Business segments
- Exhibit 134: Mitsubishi Heavy Industries Ltd. - Key news
- Exhibit 135: Mitsubishi Heavy Industries Ltd. - Key offerings
- Exhibit 136: Mitsubishi Heavy Industries Ltd. - Segment focus
- 12.10 Robert Bosch GmbH
- Exhibit 137: Robert Bosch GmbH - Overview
- Exhibit 138: Robert Bosch GmbH - Business segments
- Exhibit 139: Robert Bosch GmbH - Key news
- Exhibit 140: Robert Bosch GmbH - Key offerings
- Exhibit 141: Robert Bosch GmbH - Segment focus
- 12.11 Samad Power Ltd.
- Exhibit 142: Samad Power Ltd. - Overview
- Exhibit 143: Samad Power Ltd. - Product / Service
- Exhibit 144: Samad Power Ltd. - Key offerings
- 12.12 Siemens AG
- Exhibit 145: Siemens AG - Overview
- Exhibit 146: Siemens AG - Business segments
- Exhibit 147: Siemens AG - Key news
- Exhibit 148: Siemens AG - Key offerings
- Exhibit 149: Siemens AG - Segment focus
- 12.13 Vaillant Group
- Exhibit 150: Vaillant Group - Overview
- Exhibit 151: Vaillant Group - Product / Service
- Exhibit 152: Vaillant Group - Key offerings
- 12.14 Veolia Environment SA
- Exhibit 153: Veolia Environment SA - Overview
- Exhibit 154: Veolia Environment SA - Business segments
- Exhibit 155: Veolia Environment SA - Key offerings
- Exhibit 156: Veolia Environment SA - Segment focus
- 12.15 Viessmann Climate Solutions SE
- Exhibit 157: Viessmann Climate Solutions SE - Overview
- Exhibit 158: Viessmann Climate Solutions SE - Product / Service
- Exhibit 159: Viessmann Climate Solutions SE - Key offerings
- 12.16 Volkswagen AG
- Exhibit 160: Volkswagen AG - Overview
- Exhibit 161: Volkswagen AG - Business segments
- Exhibit 162: Volkswagen AG - Key offerings
- Exhibit 163: Volkswagen AG - Segment focus
- 12.17 Yanmar Holdings Co. Ltd.
- Exhibit 164: Yanmar Holdings Co. Ltd. - Overview
- Exhibit 165: Yanmar Holdings Co. Ltd. - Product / Service
- Exhibit 166: Yanmar Holdings Co. Ltd. - Key news
- Exhibit 167: Yanmar Holdings Co. Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 168: Inclusions checklist
- Exhibit 169: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 170: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 171: Research methodology
- Exhibit 172: Validation techniques employed for market sizing
- Exhibit 173: Information sources
- 13.5 List of abbreviations
- Exhibit 174: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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micro combined heat and power (micro-chp) market market
Key Questions Answered
- What are the key global market and the regional market share?
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- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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