Global MCHP Market Research Report 2023

Micro combined heat and power or mCHP is an extension of the idea of cogeneration to the single/multi family home or small office building in the range of up to 50 kW. Local generation has the potential for a higher efficiency than traditional grid-level generators since it lacks the 8-10% energy losses from transporting electricity over long distances. It also lacks the 10–15% energy losses from heat transfer in district heating networks due to the difference between the thermal energy carrier (hot water) and the colder external environment. The most common systems use natural gas as their primary energy source and emit carbon dioxide.

The global MCHP market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

A micro-CHP system usually contains a small fuel cell or a heat engine as a prime mover used to rotate a generator which provides electric power, while simultaneously utilizing the waste heat from the prime mover for an individual building's heating, ventilation, and air conditioning. A micro-CHP generator may primarily follow heat demand, delivering electricity as the by-product, or may follow electrical demand to generate electricity and use heat as the by-product.

This report aims to provide a comprehensive presentation of the global market for MCHP, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding MCHP.

The MCHP market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global MCHP market comprehensively. Regional market sizes, concerning products by type, by application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the MCHP companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.

1.1 Study Scope

1.2 Market Analysis by Type

1.2.1 Global MCHP Market Size Growth Rate by Type: 2018 VS 2022 VS 2029

1.2.2 Engine Based

1.2.3 Fuel-Cell Based

1.3 Market by Application

1.3.1 Global MCHP Market Growth by Application: 2018 VS 2022 VS 2029

1.3.2 Commercial

1.3.3 Residential

1.4 Study Objectives

1.5 Years Considered

1.6 Years Considered

2.1 Global MCHP Market Perspective (2018-2029)

2.2 MCHP Growth Trends by Region

2.2.1 Global MCHP Market Size by Region: 2018 VS 2022 VS 2029

2.2.2 MCHP Historic Market Size by Region (2018-2023)

2.2.3 MCHP Forecasted Market Size by Region (2024-2029)

2.3 MCHP Market Dynamics

2.3.1 MCHP Industry Trends

2.3.2 MCHP Market Drivers

2.3.3 MCHP Market Challenges

2.3.4 MCHP Market Restraints

3.1 Global Top MCHP Players by Revenue

3.1.1 Global Top MCHP Players by Revenue (2018-2023)

3.1.2 Global MCHP Revenue Market Share by Players (2018-2023)

3.2 Global MCHP Market Share by Company Type (Tier 1, Tier 2, and Tier 3)

3.3 Players Covered: Ranking by MCHP Revenue

3.4 Global MCHP Market Concentration Ratio

3.4.1 Global MCHP Market Concentration Ratio (CR5 and HHI)

3.4.2 Global Top 10 and Top 5 Companies by MCHP Revenue in 2022

3.5 MCHP Key Players Head office and Area Served

3.6 Key Players MCHP Product Solution and Service

3.7 Date of Enter into MCHP Market

3.8 Mergers & Acquisitions, Expansion Plans

4.1 Global MCHP Historic Market Size by Type (2018-2023)

4.2 Global MCHP Forecasted Market Size by Type (2024-2029)

5.1 Global MCHP Historic Market Size by Application (2018-2023)

5.2 Global MCHP Forecasted Market Size by Application (2024-2029)

6.1 North America MCHP Market Size (2018-2029)

6.2 North America MCHP Market Growth Rate by Country: 2018 VS 2022 VS 2029

6.3 North America MCHP Market Size by Country (2018-2023)

6.4 North America MCHP Market Size by Country (2024-2029)

6.5 United States

6.6 Canada

7.1 Europe MCHP Market Size (2018-2029)

7.2 Europe MCHP Market Growth Rate by Country: 2018 VS 2022 VS 2029

7.3 Europe MCHP Market Size by Country (2018-2023)

7.4 Europe MCHP Market Size by Country (2024-2029)

7.5 Germany

7.6 France

7.7 U.K.

7.8 Italy

7.9 Russia

7.10 Nordic Countries

8.1 Asia-Pacific MCHP Market Size (2018-2029)

8.2 Asia-Pacific MCHP Market Growth Rate by Region: 2018 VS 2022 VS 2029

8.3 Asia-Pacific MCHP Market Size by Region (2018-2023)

8.4 Asia-Pacific MCHP Market Size by Region (2024-2029)

8.5 China

8.6 Japan

8.7 South Korea

8.8 Southeast Asia

8.9 India

8.10 Australia

9.1 Latin America MCHP Market Size (2018-2029)

9.2 Latin America MCHP Market Growth Rate by Country: 2018 VS 2022 VS 2029

9.3 Latin America MCHP Market Size by Country (2018-2023)

9.4 Latin America MCHP Market Size by Country (2024-2029)

9.5 Mexico

9.6 Brazil

10.1 Middle East & Africa MCHP Market Size (2018-2029)

10.2 Middle East & Africa MCHP Market Growth Rate by Country: 2018 VS 2022 VS 2029

10.3 Middle East & Africa MCHP Market Size by Country (2018-2023)

10.4 Middle East & Africa MCHP Market Size by Country (2024-2029)

10.5 Turkey

10.6 Saudi Arabia

10.7 UAE

11.1 Honda Power

11.1.1 Honda Power Company Detail

11.1.2 Honda Power Business Overview

11.1.3 Honda Power MCHP Introduction

11.1.4 Honda Power Revenue in MCHP Business (2018-2023)

11.1.5 Honda Power Recent Development

11.2 Vaillant

11.2.1 Vaillant Company Detail

11.2.2 Vaillant Business Overview

11.2.3 Vaillant MCHP Introduction

11.2.4 Vaillant Revenue in MCHP Business (2018-2023)

11.2.5 Vaillant Recent Development

11.3 Yanmar

11.3.1 Yanmar Company Detail

11.3.2 Yanmar Business Overview

11.3.3 Yanmar MCHP Introduction

11.3.4 Yanmar Revenue in MCHP Business (2018-2023)

11.3.5 Yanmar Recent Development

11.4 Ceres Power

11.4.1 Ceres Power Company Detail

11.4.2 Ceres Power Business Overview

11.4.3 Ceres Power MCHP Introduction

11.4.4 Ceres Power Revenue in MCHP Business (2018-2023)

11.4.5 Ceres Power Recent Development

11.5 Qnergy

11.5.1 Qnergy Company Detail

11.5.2 Qnergy Business Overview

11.5.3 Qnergy MCHP Introduction

11.5.4 Qnergy Revenue in MCHP Business (2018-2023)

11.5.5 Qnergy Recent Development

11.6 Aisin

11.6.1 Aisin Company Detail

11.6.2 Aisin Business Overview

11.6.3 Aisin MCHP Introduction

11.6.4 Aisin Revenue in MCHP Business (2018-2023)

11.6.5 Aisin Recent Development

11.7 BDR Thermea

11.7.1 BDR Thermea Company Detail

11.7.2 BDR Thermea Business Overview

11.7.3 BDR Thermea MCHP Introduction

11.7.4 BDR Thermea Revenue in MCHP Business (2018-2023)

11.7.5 BDR Thermea Recent Development

11.8 Centrica

11.8.1 Centrica Company Detail

11.8.2 Centrica Business Overview

11.8.3 Centrica MCHP Introduction

11.8.4 Centrica Revenue in MCHP Business (2018-2023)

11.8.5 Centrica Recent Development

11.9 Mondragon

11.9.1 Mondragon Company Detail

11.9.2 Mondragon Business Overview

11.9.3 Mondragon MCHP Introduction

11.9.4 Mondragon Revenue in MCHP Business (2018-2023)

11.9.5 Mondragon Recent Development

11.10 Viessmann

11.10.1 Viessmann Company Detail

11.10.2 Viessmann Business Overview

11.10.3 Viessmann MCHP Introduction

11.10.4 Viessmann Revenue in MCHP Business (2018-2023)

11.10.5 Viessmann Recent Development

11.11 Dantherm Power

11.11.1 Dantherm Power Company Detail

11.11.2 Dantherm Power Business Overview

11.11.3 Dantherm Power MCHP Introduction

11.11.4 Dantherm Power Revenue in MCHP Business (2018-2023)

11.11.5 Dantherm Power Recent Development

11.12 Nucusa Energy

11.12.1 Nucusa Energy Company Detail

11.12.2 Nucusa Energy Business Overview

11.12.3 Nucusa Energy MCHP Introduction

11.12.4 Nucusa Energy Revenue in MCHP Business (2018-2023)

11.12.5 Nucusa Energy Recent Development

11.13 Solid Power

11.13.1 Solid Power Company Detail

11.13.2 Solid Power Business Overview

11.13.3 Solid Power MCHP Introduction

11.13.4 Solid Power Revenue in MCHP Business (2018-2023)

11.13.5 Solid Power Recent Development

13.1 Research Methodology

13.1.1 Methodology/Research Approach

13.1.2 Data Source

13.2 Disclaimer

13.3 Author Details

List of Tables

    Table 1. Global MCHP Market Size Growth Rate by Type (US$ Million): 2018 VS 2022 VS 2029

    Table 2. Key Players of Engine Based

    Table 3. Key Players of Fuel-Cell Based

    Table 4. Global MCHP Market Size Growth by Application (US$ Million): 2018 VS 2022 VS 2029

    Table 5. Global MCHP Market Size by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 6. Global MCHP Market Size by Region (2018-2023) & (US$ Million)

    Table 7. Global MCHP Market Share by Region (2018-2023)

    Table 8. Global MCHP Forecasted Market Size by Region (2024-2029) & (US$ Million)

    Table 9. Global MCHP Market Share by Region (2024-2029)

    Table 10. MCHP Market Trends

    Table 11. MCHP Market Drivers

    Table 12. MCHP Market Challenges

    Table 13. MCHP Market Restraints

    Table 14. Global MCHP Revenue by Players (2018-2023) & (US$ Million)

    Table 15. Global MCHP Market Share by Players (2018-2023)

    Table 16. Global Top MCHP Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in MCHP as of 2022)

    Table 17. Ranking of Global Top MCHP Companies by Revenue (US$ Million) in 2022

    Table 18. Global 5 Largest Players Market Share by MCHP Revenue (CR5 and HHI) & (2018-2023)

    Table 19. Key Players Headquarters and Area Served

    Table 20. Key Players MCHP Product Solution and Service

    Table 21. Date of Enter into MCHP Market

    Table 22. Mergers & Acquisitions, Expansion Plans

    Table 23. Global MCHP Market Size by Type (2018-2023) & (US$ Million)

    Table 24. Global MCHP Revenue Market Share by Type (2018-2023)

    Table 25. Global MCHP Forecasted Market Size by Type (2024-2029) & (US$ Million)

    Table 26. Global MCHP Revenue Market Share by Type (2024-2029)

    Table 27. Global MCHP Market Size by Application (2018-2023) & (US$ Million)

    Table 28. Global MCHP Revenue Market Share by Application (2018-2023)

    Table 29. Global MCHP Forecasted Market Size by Application (2024-2029) & (US$ Million)

    Table 30. Global MCHP Revenue Market Share by Application (2024-2029)

    Table 31. North America MCHP Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 32. North America MCHP Market Size by Country (2018-2023) & (US$ Million)

    Table 33. North America MCHP Market Size by Country (2024-2029) & (US$ Million)

    Table 34. Europe MCHP Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 35. Europe MCHP Market Size by Country (2018-2023) & (US$ Million)

    Table 36. Europe MCHP Market Size by Country (2024-2029) & (US$ Million)

    Table 37. Asia-Pacific MCHP Market Size Growth Rate by Region (US$ Million): 2018 VS 2022 VS 2029

    Table 38. Asia-Pacific MCHP Market Size by Region (2018-2023) & (US$ Million)

    Table 39. Asia-Pacific MCHP Market Size by Region (2024-2029) & (US$ Million)

    Table 40. Latin America MCHP Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 41. Latin America MCHP Market Size by Country (2018-2023) & (US$ Million)

    Table 42. Latin America MCHP Market Size by Country (2024-2029) & (US$ Million)

    Table 43. Middle East & Africa MCHP Market Size Growth Rate by Country (US$ Million): 2018 VS 2022 VS 2029

    Table 44. Middle East & Africa MCHP Market Size by Country (2018-2023) & (US$ Million)

    Table 45. Middle East & Africa MCHP Market Size by Country (2024-2029) & (US$ Million)

    Table 46. Honda Power Company Detail

    Table 47. Honda Power Business Overview

    Table 48. Honda Power MCHP Product

    Table 49. Honda Power Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 50. Honda Power Recent Development

    Table 51. Vaillant Company Detail

    Table 52. Vaillant Business Overview

    Table 53. Vaillant MCHP Product

    Table 54. Vaillant Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 55. Vaillant Recent Development

    Table 56. Yanmar Company Detail

    Table 57. Yanmar Business Overview

    Table 58. Yanmar MCHP Product

    Table 59. Yanmar Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 60. Yanmar Recent Development

    Table 61. Ceres Power Company Detail

    Table 62. Ceres Power Business Overview

    Table 63. Ceres Power MCHP Product

    Table 64. Ceres Power Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 65. Ceres Power Recent Development

    Table 66. Qnergy Company Detail

    Table 67. Qnergy Business Overview

    Table 68. Qnergy MCHP Product

    Table 69. Qnergy Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 70. Qnergy Recent Development

    Table 71. Aisin Company Detail

    Table 72. Aisin Business Overview

    Table 73. Aisin MCHP Product

    Table 74. Aisin Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 75. Aisin Recent Development

    Table 76. BDR Thermea Company Detail

    Table 77. BDR Thermea Business Overview

    Table 78. BDR Thermea MCHP Product

    Table 79. BDR Thermea Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 80. BDR Thermea Recent Development

    Table 81. Centrica Company Detail

    Table 82. Centrica Business Overview

    Table 83. Centrica MCHP Product

    Table 84. Centrica Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 85. Centrica Recent Development

    Table 86. Mondragon Company Detail

    Table 87. Mondragon Business Overview

    Table 88. Mondragon MCHP Product

    Table 89. Mondragon Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 90. Mondragon Recent Development

    Table 91. Viessmann Company Detail

    Table 92. Viessmann Business Overview

    Table 93. Viessmann MCHP Product

    Table 94. Viessmann Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 95. Viessmann Recent Development

    Table 96. Dantherm Power Company Detail

    Table 97. Dantherm Power Business Overview

    Table 98. Dantherm Power MCHP Product

    Table 99. Dantherm Power Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 100. Dantherm Power Recent Development

    Table 101. Nucusa Energy Company Detail

    Table 102. Nucusa Energy Business Overview

    Table 103. Nucusa Energy MCHP Product

    Table 104. Nucusa Energy Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 105. Nucusa Energy Recent Development

    Table 106. Solid Power Company Detail

    Table 107. Solid Power Business Overview

    Table 108. Solid Power MCHP Product

    Table 109. Solid Power Revenue in MCHP Business (2018-2023) & (US$ Million)

    Table 110. Solid Power Recent Development

    Table 111. Research Programs/Design for This Report

    Table 112. Key Data Information from Secondary Sources

    Table 113. Key Data Information from Primary Sources

List of Figures

    Figure 1. Global MCHP Market Size Comparison by Type (2023-2029) & (US$ Million)

    Figure 2. Global MCHP Market Share by Type: 2022 VS 2029

    Figure 3. Engine Based Features

    Figure 4. Fuel-Cell Based Features

    Figure 5. Global MCHP Market Size Comparison by Application (2023-2029) & (US$ Million)

    Figure 6. Global MCHP Market Share by Application: 2022 VS 2029

    Figure 7. Commercial Case Studies

    Figure 8. Residential Case Studies

    Figure 9. MCHP Report Years Considered

    Figure 10. Global MCHP Market Size (US$ Million), Year-over-Year: 2018-2029

    Figure 11. Global MCHP Market Size, (US$ Million), 2018 VS 2022 VS 2029

    Figure 12. Global MCHP Market Share by Region: 2022 VS 2029

    Figure 13. Global MCHP Market Share by Players in 2022

    Figure 14. Global Top MCHP Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in MCHP as of 2022)

    Figure 15. The Top 10 and 5 Players Market Share by MCHP Revenue in 2022

    Figure 16. North America MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 17. North America MCHP Market Share by Country (2018-2029)

    Figure 18. United States MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 19. Canada MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 20. Europe MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 21. Europe MCHP Market Share by Country (2018-2029)

    Figure 22. Germany MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 23. France MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 24. U.K. MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 25. Italy MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 26. Russia MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 27. Nordic Countries MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 28. Asia-Pacific MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 29. Asia-Pacific MCHP Market Share by Region (2018-2029)

    Figure 30. China MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 31. Japan MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 32. South Korea MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 33. Southeast Asia MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 34. India MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 35. Australia MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 36. Latin America MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 37. Latin America MCHP Market Share by Country (2018-2029)

    Figure 38. Mexico MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 39. Brazil MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 40. Middle East & Africa MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 41. Middle East & Africa MCHP Market Share by Country (2018-2029)

    Figure 42. Turkey MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 43. Saudi Arabia MCHP Market Size YoY Growth (2018-2029) & (US$ Million)

    Figure 44. Honda Power Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 45. Vaillant Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 46. Yanmar Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 47. Ceres Power Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 48. Qnergy Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 49. Aisin Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 50. BDR Thermea Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 51. Centrica Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 52. Mondragon Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 53. Viessmann Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 54. Dantherm Power Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 55. Nucusa Energy Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 56. Solid Power Revenue Growth Rate in MCHP Business (2018-2023)

    Figure 57. Bottom-up and Top-down Approaches for This Report

    Figure 58. Data Triangulation

    Figure 59. Key Executives Interviewed