New report on Micro Combined Heat & Power Market Analysis by Technology On the basis of technology, the micro combined heat power market is segmented mainly into five types, namely the current technologies, advanced technologies, related technologies, complementary devices and microchip fuel input. The current technologies best suit the need of thermal and heat generation presently. In this segment the most adopted technology is internal combustion engine. These engines are of robust construction and are more efficient than other, which leads to the wider adoption of this technology.
The benefits of micro CHP systems include the easy and efficient product of heat and electricity. Moreover electricity can be generated as the by product of heat generation. Utilization of waste resources and saving of carbon acts as the driving force of this industry. The limiting factor of this industry are rising energy prices and stringent rules imposed by the government in the production of CHP systems. The opportunity lies in the manufacturing of the systems which contribute to the saving of fuel in a better way.
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Micro Combined heat power technology market can be segmented on the basis of application into commercial and residential sector. The residential sector has adopted this method more than the industrial sector. This method is considered as the substitute for the conventional boilers in the residential sector by saving energy and time. On the basis of geography the micro combined heat power market is segmented into North America, Europe, Asia pacific and Latin America, Middle East and Africa (LAMEA). The highest market share is of Asia pacific due to Japan, which has half of the world’s total market share of Micro CHP systems due to their technological advancement, which Japan has exhibited for last few decades. Top players in global micro combined heat and power generation market are Cogen micro systems, climate energy LLC, Ceres power holding PLC, BDR thermea group, Clearedge power, Yanmar Co ltd and Valliant group.
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