Micro Combined Heat and Power (MCHP) Market Research Report - Global Forecast till 2027

Micro Combined Heat and Power (MCHP) Market: Information by Capacity (Up to 2 KW, 2 KW to 10 KW, and 10 to 50 KW), by Fuel (Natural Gas & LPG, Coal, Renewable Resources, And Oil), by Prime Mover (Stirling Engine, Internal Combustion Engine and Fuel Cell), by Application (Residential and Commercial), Region (North America, Europe, Middle East & Africa, South America) - Forecast till 2027

ID: MRFR/E&P/0603-CR | April 2022 | Region: Global | 132 Pages         


TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS

1.1.1 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY

1.1.2 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY FUEL

1.1.3 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER

1.1.4 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION

1.1.5 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY REGION

2 MARKET INTRODUCTION

2.1 DEFINITIONS

2.2 SCOPE OF THE STUDY

2.3 RESEARCH OBJECTIVE

2.4 MARKET STRUCTURE

2.5 KEY BUYING CRITERIA

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

3.6 LIST OF ASSUMPTIONS

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION

5.2 DRIVERS

5.2.1 NEED FOR COST-EFFICIENT AND COMPETITIVE ENERGY SYSTEMS

5.2.2 HIGH FOCUS ON CARBON REDUCTION FROM POWER GENERATING SYSTEMS

5.3 RESTRAINT

5.3.1 CHALLENGES IN THE IMPLEMENTATION OF MCHP PROJECTS DUE TO LACK OF INFRASTRUCTURE

5.4 OPPORTUNITY

5.4.1 SUPPORT FROM GOVERNMENTS THROUGH INCENTIVES AND SUBSIDIES

5.5 IMPACT ANALYSIS OF COVID-19

5.5.1 IMPACT ON THE OVERALL ENERGY & POWER INDUSTRY

5.5.2 ECONOMIC IMPACT

5.5.3 IMPACT ON THE MCHP MARKET

5.5.4 IMPACT ON SUPPLY CHAIN OF MCHP MARKET

5.5.4.1 PRICE VARIATION OF KEY RAW MATERIALS

5.5.4.2 PRODUCTION SHUTDOWN

5.5.4.3 CASH FLOW CONSTRAINTS

5.5.4.4 IMPACT ON IMPORT/EXPORT

5.5.5 IMPACT ON MARKET DEMAND FOR MCHP MARKET

5.5.5.1 IMPACT DUE TO LOCKDOWN

5.5.5.2 CONSUMER SENTIMENTS

5.5.5.3 IMPACT ON PRICING OF MCHP MARKET

6 OVERVIEW OF LIQUID AIR ENERGY STORAGE MARKET

6.1 INTRODUCTION

6.1.1 CHARGING THE SYSTEM

6.1.2 DISCHARGING SYSTEM

6.1.3 ENERGY STORE

6.1.4 THE MAJOR COMPONENTS OF LAES

6.1.5 THE MAJOR APPLICATIONS OF LAES

6.1.6 KEY DEVELOPMENTS IN LAES MARKET

6.1.7 KEY RECENT DEVELOPMENTS IN LAES MARKET

7 MARKET FACTOR ANALYSIS

7.1 SUPPLY CHAIN ANALYSIS

7.1.1 RAW MATERIAL & COMPONENT SUPPLY

7.1.2 MANUFACTURE & ASSEMBLY

7.1.3 SALES & DISTRIBUTION

7.1.4 APPLICATIONS

7.1.5 AFTERSALES

7.2 PORTER’S FIVE FORCES MODEL

7.2.1 THREAT OF NEW ENTRANTS

7.2.2 BARGAINING POWER OF SUPPLIERS

7.2.3 THREAT OF SUBSTITUTES

7.2.4 BARGAINING POWER OF BUYERS

7.2.5 INTENSITY OF RIVALRY

8 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY

8.1 OVERVIEW

8.2 UP TO 2 KW

8.3 2 KW TO 10 KW

8.4 10 TO 50 KW

9 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY FUEL

9.1 OVERVIEW

9.2 NATURAL GAS & LPG

9.3 COAL

9.4 RENEWABLE RESOURCES

9.5 OIL

10 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY PRIME MOVER

10.1 OVERVIEW

10.2 STIRLING ENGINE

10.3 INTERNAL COMBUSTION ENGINE

10.4 FUEL CELL

11 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY APPLICATION

11.1 OVERVIEW

11.2 RESIDENTIAL

11.2.1 SPACE HEATING/COOLING

11.2.2 WATER HEATING

11.2.3 COOKING

11.2.4 LIGHTNING

11.2.5 EV CHARGING

11.2.6 OTHERS

11.3 COMMERCIAL

11.3.1 EDUCATIONAL INSTITUTE

11.3.2 OFFICE BUILDINGS

11.3.3 HEALTH CARE BUILDINGS

11.3.4 OTHERS

12 GLOBAL MICRO COMBINED HEAT AND POWER (MCHP) MARKET, BY REGION

12.1 OVERVIEW

12.2 NORTH AMERICA

12.2.1 US

12.2.2 CANADA

12.2.3 MEXICO

12.3 EUROPE

12.3.1 GERMANY

12.3.2 UK

12.3.3 RUSSIA

12.3.4 ITALY

12.3.5 REST OF EUROPE

12.4 ASIA-PACIFIC

12.4.1 CHINA

12.4.2 JAPAN

12.4.3 INDIA

12.4.4 SOUTH KOREA

12.4.5 REST OF ASIA-PACIFIC

12.5 MIDDLE EAST & AFRICA

12.5.1 SAUDI ARABIA

12.5.2 UAE

12.5.3 SOUTH AFRICA

12.5.4 REST OF MIDDLE EAST & AFRICA

12.6 SOUTH AMERICA

12.6.1 BRAZIL

12.6.2 ARGENTINA

12.6.3 REST OF SOUTH AMERICA

13 COMPETITIVE LANDSCAPE

13.1 COMPETITIVE OVERVIEW

13.2 COMPETITIVE BENCHMARKING

13.3 MARKET SHARE ANALYSIS

14 COMPANY PROFILES

14.1 HONDA POWER

14.1.1 COMPANY OVERVIEW

14.1.2 FINANCIAL OVERVIEW

14.1.3 PRODUCTS OFFERED

14.1.4 KEY DEVELOPMENTS

14.1.5 SWOT ANALYSIS

14.1.6 HONDA INDIA POWER PRODUCTS LTD

14.2 VAILLANT GROUP

14.2.1 COMPANY OVERVIEW

14.2.2 FINANCIAL OVERVIEW

14.2.3 PRODUCTS OFFERED

14.2.4 KEY DEVELOPMENTS

14.2.5 SWOT ANALYSIS

14.3 YANMAR HOLDINGS CO.

14.3.1 COMPANY OVERVIEW

14.3.2 FINANCIAL OVERVIEW

14.3.3 PRODUCTS OFFERED

14.3.4 KEY DEVELOPMENTS

14.3.5 SWOT ANALYSIS

14.3.6 KEY STRATEGIES

14.4 CERES POWER HOLDINGS PLC

14.4.1 COMPANY OVERVIEW

14.4.2 FINANCIAL OVERVIEW

14.4.3 PRODUCTS OFFERED

14.4.4 KEY DEVELOPMENTS

14.4.5 SWOT ANALYSIS

14.5 QNERGY

14.5.1 COMPANY OVERVIEW

14.5.2 FINANCIAL OVERVIEW

14.5.3 PRODUCTS OFFERED

14.5.4 KEY DEVELOPMENTS

14.5.5 SWOT ANALYSIS

14.6 AISIN CORPORATION

14.6.1 COMPANY OVERVIEW

14.6.2 FINANCIAL OVERVIEW

14.6.3 PRODUCTS OFFERED

14.6.4 KEY DEVELOPMENTS

14.6.5 SWOT ANALYSIS

14.7 BDR THERMEA GROUP

14.7.1 COMPANY OVERVIEW

14.7.2 FINANCIAL OVERVIEW

14.7.3 PRODUCTS OFFERED

14.8 CENTRICA PLC

14.8.1 COMPANY OVERVIEW

14.8.2 FINANCIAL OVERVIEW

14.8.3 PRODUCTS OFFERED

14.8.4 KEY DEVELOPMENTS

14.9 VIESSMANN GROUP

14.9.1 COMPANY OVERVIEW

14.9.2 FFINANCIAL OVERVIEW

14.9.3 PRODUCTS OFFERED

14.9.4 KEY DEVELOPMENTS

14.10 DANTHERM POWER

14.10.1 COMPANY OVERVIEW

14.10.2 PRODUCTS OFFERED

14.10.3 KEY DEVELOPMENTS

14.11 ENGINUITY POWER SYSTEMS

14.11.1 COMPANY OVERVIEW

14.11.2 FINANCIAL OVERVIEW

14.11.3 PRODUCTS OFFERED

14.11.4 KEY DEVELOPMENTS

14.12 SOLID POWER

14.12.1 COMPANY OVERVIEW

14.12.2 FINANCIAL OVERVIEW

14.12.3 PRODUCTS OFFERED

14.12.4 KEY DEVELOPMENTS

 

LIST OF TABLES

TABLE 1 LIST OF ASSUMPTIONS

TABLE 2 GLOBAL MICRO COMBINED HEAT AND POWER: MARKET ESTIMATES & FORECAST, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 3 GLOBAL MICRO COMBINED HEAT AND POWER: MARKET ESTIMATES & FORECAST, BY FUEL, 2019–2027 (USD MILLION)

TABLE 4 GLOBAL MICRO COMBINED HEAT AND POWER: MARKET ESTIMATES & FORECAST, BY PRIME MOVER, 2019–2027 (USD MILLION)

TABLE 5 GLOBAL MICRO COMBINED HEAT AND POWER: MARKET ESTIMATES & FORECAST, BY FUEL, 2019–2027 (USD MILLION)

TABLE 6 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY REGION, 2019-2027 (USD MILLION)

TABLE 7 NORTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2019–2027 (USD MILLION)

TABLE 8 NORTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 9 NORTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 10 NORTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 11 NORTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 12 US: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY , 2019–2027 (USD MILLION)

TABLE 13 US: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 14 US: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 15 US: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 16 CANADA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 17 CANADA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 18 CANADA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 19 CANADA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 20 MEXICO: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 21 MEXICO: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 22 MEXICO: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 23 MEXICO: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 24 EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2019–2027 (USD MILLION)

TABLE 25 EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 26 EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 27 EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 28 EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 29 GERMANY: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 30 GERMANY: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 31 GERMANY: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 32 GERMANY: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 33 UK: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 34 UK: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 35 UK: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 36 UK: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 37 RUSSIA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 38 RUSSIA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 39 RUSSIA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 40 RUSSIA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 41 ITALY: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 42 ITALY: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 43 ITALY: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 44 ITALY: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 45 REST OF EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 46 REST OF EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 47 REST OF EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 48 REST OF EUROPE: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 49 ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2019–2027 (USD MILLION)

TABLE 50 ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 51 ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 52 ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 53 ASIA PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 54 CHINA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 55 CHINA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 56 CHINA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 57 CHINA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 58 JAPAN: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 59 JAPAN: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 60 JAPAN: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 61 JAPAN: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 62 INDIA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 63 INDIA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 64 INDIA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 65 INDIA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 66 SOUTH KOREA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 67 SOUTH KOREA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 68 SOUTH KOREA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 69 SOUTH KOREA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 70 REST OF ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 71 REST OF ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 72 REST OF ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 73 REST OF ASIA-PACIFIC: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 74 MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2019–2027 (USD MILLION)

TABLE 75 MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 76 MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 77 MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 78 MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 79 SAUDI ARABIA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 80 SAUDI ARABIA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 81 SAUDI ARABIA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 82 SAUDI ARABIA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 83 UAE: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 84 UAE: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 85 UAE: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 86 UAE: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 87 SOUTH AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 88 SOUTH AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 89 SOUTH AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 90 SOUTH AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 91 REST OF MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 92 REST OF MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 93 REST OF MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 94 REST OF MIDDLE EAST & AFRICA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 95 SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2018–2026 (USD MILLION)

TABLE 96 SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 97 SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 98 SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 99 SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 100 BRAZIL: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 101 BRAZIL: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 102 BRAZIL: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 103 BRAZIL: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 104 ARGENTINA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 105 ARGENTINA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 106 ARGENTINA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 107 ARGENTINA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 108 REST OF SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019–2027 (USD MILLION)

TABLE 109 REST OF SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019-2027 (USD MILLION)

TABLE 110 REST OF SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019-2027 (USD MILLION)

TABLE 111 REST OF SOUTH AMERICA: MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION, 2019-2027 (USD MILLION)

TABLE 112 HONDA INDIA POWER PRODUCTS LTD: PRODUCTS OFFERED

TABLE 113 HONDA INDIA POWER PRODUCTS LTD: KEY DEVELOPMENTS

TABLE 114 VALLIANT GROUP: PRODUCTS OFFERED

TABLE 115 VALLIANT GROUP: KEY DEVELOPMENTS

TABLE 116 YANMAR HOLDINGS CO: PRODUCTS OFFERED

TABLE 117 YANMAR HOLDINGS CO: KEY DEVELOPMENTS

TABLE 118 CERES POWER HOLDINGS PLC: PRODUCTS OFFERED

TABLE 119 CERES POWER HOLDINGS PLC: KEY DEVELOPMENTS

TABLE 120 QNERGY: PRODUCTS OFFERED

TABLE 121 QNERGY: KEY DEVELOPMENTS

TABLE 122 AISIN CORPORATION: PRODUCTS OFFERED

TABLE 123 AISIN GROUP: KEY DEVELOPMENTS

TABLE 124 BDR THERMIA GROUP: PRODUCTS OFFERED

TABLE 125 CENTRICA PLC: PRODUCTS OFFERED

TABLE 126 CENTRICA PLC: KEY DEVELOPMENTS\

TABLE 127 VIESSMANN GROUP: PRODUCTS OFFERED

TABLE 128 VIESSMANN GROUP: KEY DEVELOPMENTS\

TABLE 129 DANTHERM POWER: PRODUCTS OFFERED

TABLE 130 DANTHERM POWER KEY DEVELOPMENTS

TABLE 131 ENGINUITY POWER SYSTEMS: PRODUCTS OFFERED

TABLE 132 ENGINUITY POWER SYSTEMS: KEY DEVELOPMENTS

TABLE 133 SOLID POWER: PRODUCTS OFFERED

TABLE 134 SOLID POWER: KEY DEVELOPMENTS

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL AC DRIVES

FIGURE 3 GLOBAL MICRO COMBINED HEAT AND POWER MARKET ANALYSIS, BY CAPACITY

FIGURE 4 GLOBAL MICRO COMBINED HEAT AND POWER MARKET ANALYSIS, BY FUEL

FIGURE 5 GLOBAL MICRO COMBINED HEAT AND POWER MARKET ANALYSIS, BY PRIME MOVER

FIGURE 6 GLOBAL MICRO COMBINED HEAT AND POWER MARKET ANALYSIS, BY APPLICATION

FIGURE 7 GLOBAL MICRO COMBINED HEAT AND POWER MARKET ANALYSIS, BY REGION

FIGURE 8 GLOBAL MICRO COMBINED HEAT AND POWER MARKET: STRUCTURE

FIGURE 9 KEY BUYING CRITERIA FOR GLOBAL MICRO COMBINED HEAT AND POWER MARKET

FIGURE 10 RESEARCH PROCESS

FIGURE 11 TOP-DOWN AND BOTTOM-UP APPROACHES

FIGURE 12 GLOBAL MICRO COMBINED HEAT AND POWER MARKET SIZE & MARKET SHARE, BY NORTH AMERICA (2019 VS 2026)

FIGURE 13 GLOBAL MICRO COMBINED HEAT AND POWER MARKET SIZE & MARKET SHARE, BY EUROPE (2019 VS 2026)

FIGURE 14 GLOBAL MICRO COMBINED HEAT AND POWER MARKET SIZE & MARKET SHARE, BY ASIA-PACIFIC (2019 VS 2026)

FIGURE 15 GLOBAL MICRO COMBINED HEAT AND POWER MARKET SIZE & MARKET SHARE, BY MIDDLE EAST & AFRICA (2019 VS 2026)

FIGURE 16 GLOBAL MICRO COMBINED HEAT AND POWER MARKET SIZE & MARKET SHARE, BY SOUTH AMERICA (2019 VS 2026)

FIGURE 17 DRO ANALYSIS: GLOBAL MICRO COMBINED HEAT AND POWER MARKET

FIGURE 18 SUPPLY CHAIN ANALYSIS: GLOBAL MICRO COMBINED HEAT AND POWER MARKET

FIGURE 19 PORTER'S FIVE FORCES ANALYSIS: GLOBAL MICRO COMBINED HEAT AND POWER MARKET

FIGURE 20 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2020 (% SHARE)

FIGURE 21 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY CAPACITY, 2019 TO 2027 (USD MILLION)

FIGURE 22 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2020 (% SHARE)

FIGURE 23 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY FUEL, 2019 TO 2027 (USD MILLION)

FIGURE 24 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2020 (% SHARE)

FIGURE 25 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY PRIME MOVER, 2019 TO 2027 (USD MILLION)

FIGURE 26 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY FUEL2020 (% SHARE)

FIGURE 27 GLOBAL MICRO COMBINED HEAT AND POWER MARKET, BY APPLICATION , 2019 TO 2027 (USD MILLION)

FIGURE 28 BENCHMARKING OF MAJOR COMPETITORS

FIGURE 29 MAJOR PLAYERS MARKET SHARE ANALYSIS, 2019 (%)

FIGURE 30 HONDA INDIA POWER PRODUCTS LTD: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 31 HONDA INDIA POWER PRODUCTS LTD: SWOT ANALYSIS

FIGURE 32 VALLIANT GROUP: SWOT ANALYSIS

FIGURE 33 YANMAR HOLDINGS CO: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 34 YANMAR HOLDINGS CO: SWOT ANALYSIS

FIGURE 35 CERES POWER HOLDINGS PLC: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 36 CERES POWER HOLDINGS PLC: SWOT ANALYSIS

FIGURE 37 QNERGY : SWOT ANALYSIS

FIGURE 38 AISIN CORPORATION: FINANCIAL OVERVIEW SNAPSHOT

FIGURE 39 AISIN GROUP: SWOT ANALYSIS

FIGURE 40 CENTRICA PLC: FINANCIAL OVERVIEW SNAPSHOT

Micro Combined Heat and Power Market

The global Micro Combined Heat and Power Market is expected to reach USD 9,718.9 million by 2027 and register a CAGR of 12.20% during the forecast period of 2021 to 2027

Segmentation

By Capacity Up To 2 Kw 2 Kw To 10 Kw 10 To 50 Kw
By Fuel Natural Gas & Lpg Coal Renewable Resources Oil
By Prime Mover Stirling Engine Internal Combustion Engine Fuel Cell
By Application Residential Commercial

Key Players

  • Honda India Power Products Ltd. (Japan)
  • Vaillant Group (Germany)
  • Yanmar Holdings Co. (Japan)
  • Ceres Power Holdings Plc (UK)
  • Qnergy (US)
  • Aisin Corporation (Japan)
  • BDR Thermea Group (Europe)
  • Centrica Plc (Canada)
  • Viessmann Group (Germany)
  • Dantherm Power (Europe)
  • Enginuity Power Systems (US)
  • Solid Power (US)

Drivers

  • High focus on carbon reduction from power generating systems
  • Need for cost-efficient and competitive energy systems
  • Support from governments through incentives and subsidies
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MCHP Market Overview


The global micro combined heat and power market is expected to reach USD 9,718.9 million by 2027 and register a CAGR of 12.20% during the forecast period of 2021 to 2027.


The global micro CHP market is expected to grow substantially during the forecast period owing to the growing need for cost-efficient and competitive energy systems and a high focus on carbon reduction from power generating systems. Moreover, support from the government through incentives and subsidies is expected to create an opportunity for the players operating in the global micro combined heat and power market. However, challenges in implementing MCHP projects due to lack of infrastructure are expected to restrain the growth of the global micro combined heat and power market during the forecast period.


Impact of COVID-19


The electricity demand has decreased considerably due to the pandemic, leading to a decreased demand from the commercial sector. As most countries were under lockdown, economic activities have come to a standstill, and only essential industries are operating, leading to a substantial decline in demand for electricity. Many countries worldwide were under lockdown in April 2020, and according to statistical data from the International Energy Agency (IEA), countries in full lockdown saw an average energy demand decline of 25%, while countries in partial lockdown witnessed an energy demand decline of 18%. The preliminary analysis of statistical data displays an increase in the share of renewable energy in the global energy mix. In contrast, the demand for electricity sources such as gas, coal, and nuclear has declined.


However, many countries have reopened part of their economies in the Q3-Q4 of FY2020, which is likely to positively impact the global energy & power industry.


Micro CHP Market Dynamics


Drivers


  • High focus on carbon reduction from power generating systems


MCHP systems are an integral part of energy systems and microgrids. An MCHP system improves energy efficiency, facilitates the integration of renewable energy sources, reduces carbon emissions, lowers operating costs, and improves the reliability of critical infrastructure and the electric power system. Moreover, by generating heat and power simultaneously, MCHP can reduce carbon emissions by up to 30% compared to the separate means of conventional generation, which deploys boilers and power stations. For instance, as per Cogen Europe, MCHP, as an integral part of the entire CHP system, is likely to achieve carbon neutrality in Europe by 2050. Moreover, focusing on cogeneration for thermally generated heat and power in all sectors will maximize energy efficiency and integrate the European energy system at the lowest cost. All these factors are likely to drive the global micro combined heat and power market.



  • Need for cost-efficient and competitive energy systems


Restraints


  • Challenges in the implementation of MCHP projects due to lack of infrastructure


The governing authorities and companies across the world are focusing on the development of the installation of MCHP systems across the globe. Additionally, the high energy efficiency, high power to heat ratio, and low operation and maintenance costs also triggered the growth of the MCHP systems in the global micro combined heat and power market. However, barriers such as interconnection, old infrastructure, standby rates, and strict regulations hinder the installation of MCHP systems in the global market. Interconnection refers to the process of the connection of MCHP systems to the transmission and distribution network grid. The unavailability of the proper interconnection standard makes the interconnection process very expensive and cumbersome. Furthermore, other permits and regulations, such as air emissions regulations, buildings permit, noise regulations, and carbon regulations, also hinder the growth of the MCHP market as it increases the overall project cost of the MCHP systems.


Opportunity


  • Support from governments through incentives and subsidies


Governing authorities across the world are focusing on introducing out several programs, policies, and incentives for the development of MCHP systems. MCHP systems offer several advantages over other power generation sources, such as thermal, nuclear, solar, and wind. MCHP systems play an important role in meeting the demands of the electric and thermal loads of consumers. According to the US DOE, the Office of Energy Efficiency & Renewable Energy (US) announced an investment of USD 10 million in research and development for MCHP systems to provide support to the electric grid in the US.

Segment Overview:

By Capacity


  • Up to 2 KW


The up to 2 kW segment refers to MCHP plants that produce power below 2 KW. MCHP plants included in this segment have extensive applications in cogeneration. Some of the key MCHP technologies covered in this segment are reciprocating engines. Key players in the global micro combined heat and power market have developed an MCHP plant that can be powered by various types of fuels, such as natural gas and biomass.


  • 2 KW to 10 KW


The 2 KW–10 KW segment refers to the MCHP plants with capacities between 2 kW and 10 kW. These plants use various types of technologies, such as turbines, reciprocating fuel cells. MCHP plants included in this segment have applications in power generation, cogeneration, and trigeneration. For instance, in the US, the base electrical load for the average home is approximately 2 kW, while the peak electrical demand is slightly over 4 kW.


  • 10 to 50 KW


The 10 KW–50 KW segment refers to MCHP plants that produce power between 10 KW and 50 KW. MCHPs included in this segment have extensive applications in cogeneration. These MCHP plants are generally used for electric and heat generation in commercial and residential areas. The different types of MCHP technologies included in this segment are gas turbines, reciprocating engines, and steam turbines.

By Fuel


  • Natural Gas & LPG


Natural gas is a naturally occurring fossil fuel found beneath the surface of the earth at varying depths. It primarily consists of methane with varying compositions of alkanes. The emissions produced from natural gas are lower as compared to other fossil fuels, including coal. Moreover, the rising environmental concerns over carbon emissions lead to the increasing adoption of natural gas as a fuel source to reduce the overall carbon footprint.


  • Coal


Coal is a combustible sedimentary rock that is usually brownish or black and contains high amounts of carbon and hydrocarbons. Different types of coal are classified based on the different levels of carbon, hydrogen, and oxygen in them. Coal as a fuel is the cheapest source of energy. It also provides a stable source of energy for power generation.


  • Renewable Resources


Renewable energy, often referred to as clean energy, comes from natural sources or processes that are constantly replenished. For example, sunlight or wind keep shining and blowing, even if their availability depends on time and weather. Renewable energy (including biofuels but excluding hydro) rose by 9.7%, slower than the 10-year average (13.4% p.a.), but the increment in energy terms (2.9 EJ) was similar to increases seen in 2017, 2018, and 2019.


  • Oil


A micro-CHP boiler typically uses mains gas or LPG, so they are not considered a renewable energy source. However, due to their efficiency and productivity, they can significantly lower carbon dioxide emissions and are widely considered to be the future of domestic carbon emission depletion. They may in the future be able to utilize bio-oils, fuel cells, or other renewable energy sources. However, at present, the technologies that are currently ready for market deployment have been developed to use mains natural gas.

By Prime Mover


  • Stirling Engine


A Stirling engine operates via external combustion, all its heat flows in and out through the engine wall. The engine encloses a fixed quantity of permanently gaseous fluid such as helium or air. This operates by expanding and contracting the hot and cold gas, driving the pistons creating a mechanical cycle. There are two pistons involved: a 'Displacer piston' and a 'Working piston'. Performance and reliability are generally higher than internal combustion engines.


  • Internal Combustion Engine


Internal Combustion (IC) engines are similar to vehicle engines modified to run on natural gas or compression-ignition diesel. These systems offer a mid-range performance of 20-40% electrical efficiency, but 1kW domestic models can only operate at a fixed output rather than following the demand of the property. The heat produced is usually hot water rather than steam. They generally produce 1 to 2 units of heat for each unit of electricity, with the ratio of heat to power generally decreasing with size.


  • Fuel Cell


Fuel cells use the electrochemical process, which converts the chemical energy stored in a fuel cell into electricity and water. The technology involved in fuel cells is entirely different from the others as electricity is generated without fuel combustion. The efficiency of fuel cells in MCHP systems is generally more than 80%. Fuel cell MCHP systems offer better advantages in terms of less noise and emissions than the other types of technologies used in MCHP systems.

By Application


  • Residential


The residential segment includes infrastructure that is dependent on MCHP systems for electrical energy. Micro CHP for the residential is a relatively new technology. Until 2006, the economic viability of the available 'domestic' unit's payback period rendered the micro-CHP technology unfit for domestic use. The segment of micro combined heat and power market is further segmented into space heating/cooling, water heating, cooking, lighting, EV charging, and others.


  • Commercial


Commercial refers to those buildings used for commercial purposes such as education facilities, government and office buildings, hospitals and medical centers, and hotels. The commercial segment includes infrastructures that are dependent on electricity and thermal energy. MCHP systems are utilized in commercial buildings for meeting the requirements of electrical loads. The commercial segment of micro combined heat and power market is categorized into educational institute, office buildings, healthcare buildings, others.

Micro Combined Heat and Power Market Regional Analysis


  • The global micro combined heat and power market has been segmented, on the basis of region, into North America, Europe, Asia-Pacific, Middle East & Africa, and South America.


Global Micro Combined Heat and Power Market, by Region, 2020 (% Share)
Global Micro Combined Heat and Power Market, by Region, 2020 (% Share)
North America


  • North America comprises the US, Canada, and Mexico. It is one of the most prominent regions in the combined heat and power market, owing to an increase in the development of renewable energy sources and government initiatives to promote generating electricity via cogeneration or CHP. The commercial end users have been dominating the micro combined heat and power (MCHP) market in the region in the last five years, which is expected to dominate the micro combined heat and power market during the forecast period. For instance, in the US, California and Alaska have substantial installations of MCHP, which are expected to grow during the forecast period, primarily due to the rising demand for heat and power in the region.


Asia-Pacific



  • Countries in Asia-Pacific are developing at a very fast rate in terms of manufacturing output and services offered. However, the growth has also increased the emission rates, and countries such as China and India are among the highest carbon-dioxide producer in the world. Some of the major factors expected to drive the growth of the micro combined heat and power (MCHP) market in Asia-Pacific include the growing demand for reduced carbon emissions and the increasing need for energy efficiency.


Competitive Landscape


  • The global micro combined heat and power market is characterized by the presence of many local, regional, and global vendors. The market is highly competitive, with all the players continually competing to gain a larger market share. High competition, rapid advances in technology, frequent changes in government policies, and stringent environmental regulations are critical factors that could restrain the micro combined heat and power market growth. The vendors compete in terms of cost, product quality, reliability, and aftermarket services.


Key Players


  • The prominent players in the global micro combined heat and power market are Honda India Power Products Ltd. (Japan), Vaillant Group (Germany), Yanmar Holdings Co. (Japan), Ceres Power Holdings Plc (UK), Qnergy (US), Aisin Corporation (Japan), BDR Thermea Group (Europe), Centrica Plc (Canada), Viessmann Group (Germany), Dantherm Power (Europe), Enginuity Power Systems (US), and Solid Power (US) among others.


Micro Combined Heat and Power Market Recent Developments


  • In July 2021, Honda India Power Products Ltd—a subsidiary of Honda Motor Company introduced a powerful 5.5HP power tiller designed to boost farm productivity.

  • In March 2021, Valliant Group added new model in geotherm, a brine water heat pump, and aroTHERM. Both are used in large construction and renovation projects.

  • In July 2020, Yanmar collaborated with researchers, farmers, and engineers to create a robot tractor for agriculture in Japan.


Micro Combined Heat and Power Market Report Overview


  • The study covers the existing short-term and long-term market effects, helping decision-makers draft short-term and long-term plans for businesses by region. The report covers major regions in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The report analyzes market drivers, restraints, opportunities, challenges, Porter's Five Forces, value chain, and impact of COVID-19 on the micro combined heat and power market.


Market Segmentation

Global Micro Combined Heat and Power Market, by Capacity


  • UP to 2 KW

  • 2 KW to 10 KW

  • 10 to 50 KW


Global Micro Combined Heat and Power Market, by Fuel


  • Natural Gas & LPG

  • Coal

  • Renewable Resources

  • Oil


Global Micro Combined Heat and Power Market, by Prime Mover


  • Stirling Engine

  • Internal Combustion Engine

  • Fuel Cell


Global Micro Combined Heat and Power Market, by Application


  • Residential

    • Space Heating/Cooling

    • Water Heating

    • Cooking

    • Lighting

    • EV Charging

    • Others



  • Commercial

    • Educational Institute

    • Office Buildings

    • Health Care Buildings

    • Others




Global Micro Combined Heat and Power Market, by Region


  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • UK

    • Italy

    • Russia

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • South Korea

    • Rest of Asia-Pacific



  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • South Africa

    • Rest of Middle East Africa



  • South America

    • Brazil

    • Argentina

    • Rest of South America





Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 9,718.9 Million
  CAGR   12.20%
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2018 & 2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Capacity, Fuel, Prime Mover, Application, and Region
  Geographies Covered   North America, Europe, Asia-Pacific, Middle East & Africa, South America
  Key Vendors   Honda India Power Products Ltd. (Japan), Vaillant Group (Germany), Yanmar Holdings Co. (Japan), Ceres Power Holdings Plc (UK), Qnergy (US), Aisin Corporation (Japan), BDR Thermea Group (Europe), Centrica Plc (Canada), Viessmann Group (Germany), Dantherm Power (Europe), Enginuity Power Systems (US), and Solid Power (US)
  Key Market Opportunities   β€’ Support from governments through incentives and subsidies
  Key Market Drivers   β€’ Need for cost-efficient and competitive energy systems β€’ High focus on carbon reduction from power generating systems


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Frequently Asked Questions (FAQ) :

The next-generation power solution that is a small size cogeneration plant, is defined as micro combined heat and power (MCHP). They are used to generate and supply heat and electricity with a high degree of productivity and minimal carbon efficacy.

The worldwide MCPH market is expected to thrive at about 12.20% CAGR through the review period. It is because of the high rate of adoption MCPH to settle the surge in industrial and domestic heat and electricity requirements.

Internal combustion engine, Rankine cycle engine, PEMFC, SOFC, and stirling engine are technologies that are deployed in MCPH. All these technologies enable about 80% utilization of fuel to meet the rising thermal and electricity demands. The stirling engine technology is observed to hold high traction.

MCHP are observed as an effective solution to the surging residential and non-residential thermal demands. Industrial heat power requirements are increasing. Meanwhile, the need to reduce carbon footprint is significant. Thus, MCPH are adopted across different sectors. In addition, residential applications of MCPH is also noted to increase due to the increase in the expansion of the global population base. These are identified as potential growth inducers of the MCPH market.

Vaillant Group (Germany), Honda Power (Japan), Ceres Power Holdings PLC (U.K), Yanmar Holdings Co. Ltd. (Japan), Aisin Group (Japan), Qnergy (U.S.), Centrica plc (U.K), and BDR Thermea Group (U.K) are some potential key players of the global MCHP market.