APAC Market Forecast
On the other hand, the Japanese government has taken various steps to boost the deployment of micro-CHP. For instance, under the Ene-Farm program, the sales of micro-CHP began in 2009. Furthermore, in Japan, the number of installed ENE-FARM systems was roughly 433 thousand in fiscal year 2021.
North American Market Statistics
The North American micro CHP market is estimated to be the second largest, registering a share of about 25% by the end of 2035. Government initiatives. The United States Environmental Protection Agency has implemented combined heat and power (CHP) policies and incentives. It focuses on removing barriers and increasing the efficient use of CHP deployment. CHP regulations and incentives can be intended to reduce upfront capital costs, ease the regulatory process of constructing CHP systems, and make it easier for CHP users to reap the benefits of the systems' durability and versatility. Such initiatives from the federal government are likely to augment the region’s market growth.
Author Credits: Payel Roy, Dhruv Bhatia
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