Le Lézard
Classified in: Environment
Subject: SVY

Micro CHP Market Value to hit $3 Billion by 2026, Says Global Market Insights, Inc.


SELBYVILLE, Delaware, Feb. 17, 2020 /PRNewswire/ -- Global Micro CHP Market revenue is projected to cross USD 3 Billion by 2026, as reported in the latest study by Global Market Insights, Inc. Growing inclination toward captive power generation coupled with increasing smart renewable infrastructure demand across developed and developing economies will augment the business outlook.

GMI

Oil based micro CHP market is anticipated to witness an upsurge on account of its applicability across domestic and residential establishments. Favorable regulatory norms & subsidies toward the deployment of micro-CHP plants along with ongoing adoption of oil-fired combined heat & power technology will strengthen the market growth. For instance, in 2019 The U.S. government, launched a modified program 'Self-Generation Incentive Program (SGIP)' to enhance renewable fuels (natural gas and biofuel) adoption by 50% in fuel blend ratio.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/1476

Fuel cell based micro combined heat and power market is projected to exceed by USD 1.4 billion by 2026. High energy efficiency, reliability and improved product lifecycle are some of the prominent parameters which will strengthen the product portfolio. Furthermore, ongoing technological enhancement to reduce operational & maintenance cost and enhance product efficiency & flexibility will positively influence the product deployment. For instance, BDR Thermea Group introduced fuel cell micro cogeneration system 'InnoGen' in 2018, based on the Proton Exchange Membrane Fuel Cell (PEM) technology, extending the range of CHP plants to curb the demand of district energy systems.

Some key finding of micro CHP market report includes:

Browse key industry insights spread across 296 pages with 500 market data tables & 34 figures & charts from the report, "Micro Combined Heat and Power Market Statistics By Fuel (Natural Gas & LPG, Coal, Renewable Resources, Coal), Capacity (< 2kW, 2 ? 10kW, > 10 ? 50kW), Prime Mover (Stirling Engine, Internal Combustion Engine, Fuel Cell), By Application (Residential {Space Heating/Cooling, Water Heating, Cooking, Lighting}, Commercial {Educational Institute, Office Building, Healthcare Building}) Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 ? 2026" in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/micro-combined-heat-and-power-market

Asia Pacific region in 2019 held over 70% of micro CHP market share. Growing government inclination toward cogeneration programs to promote the implementation of residential and commercial natural gas micro CHP systems will positively influence the industry landscape. For instance, in 2017 'Ene-Farm program' was introduced by Japanese government to enhance the penetration of micro cogeneration plants with an aim of over 5 million units' installation by 2030 across the residential & commercial sector.

Rising demand for decentralized energy generation coupled with adoption of district power distribution networks will complement the industry outlook. Moreover, growing applicability of cogeneration plants across commercial, residential and domestic infrastructure along with refurbishment of conventional boilers to reduce carbon footprint will strengthen the 10kW micro CHP market. For instance, in 2019 BDR Thermea Group launched hydrogen powered boiler utilizing solar & wind power to burn hydrogen fuel, minimizing carbon footprint up to 100% extent.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1476

Browse Related Reports:

Reciprocating Power Generating Engine Industry By Rated Power (Below 2 MW, >2-3.5 MW, >3.5-5 MW, >5-7.5 MW, > 7.5 MW), Fuel Type (Gas-fired, Diesel-fired, Dual fuel), Application (Industrial, CHP, Energy & Utility, Landfill & Biogas), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share, & Forecast, 2019 ? 2025

https://www.gminsights.com/industry-analysis/reciprocating-power-generating-engine-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

GMIPulse, our business analytics platform offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision makers.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: +1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com  

SOURCE Global Market Insights, Inc.


These press releases may also interest you

at 07:07
Social Entrepreneurs Seth Goldman and Julie Farkas announced today the launch of a new grants program, Eat the Change® Impact. They plan to donate $1 million ($335,000 per year) over the next three years to national and community-based nonprofits to...

at 07:00
Tim Armstrong, Chair of the Board of Directors of the Radiation Safety Institute of Canada, is pleased to announce two leadership changes at the Institute. As of April 1, 2020, Dr. Reza Moridi will take over as the Chair of the Board of Directors,...

at 07:00
BIRD Energy announced its next funding cycle for U.S.-Israel joint project proposals with a focus on Renewable Energy and Efficiency and Natural Gas Technologies. To be considered, a project proposal must include R&D cooperation between two companies...

at 07:00
Air Products today announced it has signed agreements with PBF Energy Inc. that include the $530 million purchase of five hydrogen steam methane reformer (SMR) hydrogen production plants and the long-term supply of hydrogen from those already...

at 06:59
PBF Energy Inc. today announced a number of decisive steps taken as part of a strategic plan for PBF to navigate current extraordinary and volatile markets. The company has taken the following aggressive steps to increase PBF's flexibility and...

at 05:56
Trina Solar Co., Ltd ("Trina Solar" or the "Company"), a global leading provider of integrated PV modules and smart energy solutions, has just shipped the first lot of its Vertex series modules. The Vertex series modules, with conversion efficiency...



News published on 17 february 2020 at 19:00 and distributed by: