North America Micro Combined Heat And Power (mchp) Market Size & Outlook
The micro combined heat and power (mchp) market in North America is expected to reach a projected revenue of US$ 1,751.4 million by 2030. A compound annual growth rate of 10.4% is expected of North America micro combined heat and power (mchp) market from 2025 to 2030.
Revenue, 2024 (US$M)
$969.0
Forecast, 2030 (US$M)
$1,751.4
CAGR, 2025 - 2030
10.4%
Report Coverage
North America
Related Markets
North America micro combined heat and power (mchp) market highlights
- The North America micro combined heat and power (mchp) market generated a revenue of USD 969.0 million in 2024.
- The market is expected to grow at a CAGR of 10.4% from 2025 to 2030.
- In terms of segment, engine-based was the largest revenue generating product type in 2024.
- Fuel Cell-based is the most lucrative product type segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 969.0 million |
| Market revenue in 2030 | USD 1,751.4 million |
| Growth rate | 10.4% (CAGR from 2025 to 2030) |
| Largest segment | Engine-based |
| Fastest growing segment | Fuel Cell-based |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Engine-based, Fuel Cell-based |
| Key market players worldwide | ABB Ltd, S&C Electric Company, Eaton Corp PLC, G&W Electric, Hubbell Power Systems, Powell Industries Inc, Scott Technology Ltd |
Other key industry trends
- In terms of revenue, North America region accounted for 20.9% of the global micro combined heat and power (mchp) market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,667.1 million by 2030.
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Micro Combined Heat And Power (Mchp) Market Scope
Micro combined heat and power (mchp) market segmentation & scope
Micro Combined Heat And Power (Mchp) Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Scott Technology Ltd | View profile | 633 | 630 Kaikorai Valley Road, Dunedin, OTA, New Zealand, 9011 | https://www.scottautomation.com |
| G&W Electric | View profile | 501-1000 | Blue Island, Illinois, United States, North America | http://www.gwelec.com/ |
| S&C Electric Company | View profile | 1001-5000 | Chicago, Illinois, United States, North America | https://www.sandc.com/en |
| Hubbell Power Systems | View profile | 1001-5000 | Lenoir City, Tennessee, United States, North America | http://www.hubbellpowersystems.com |
| Powell Industries Inc | View profile | 2363 | 8550 Mosley Road, Houston, TX, United States, 77075-1180 | https://www.powellind.com |
| Eaton Corp PLC | View profile | 94000 | 30 Pembroke Road, Eaton House, Dublin, Ireland, D04 Y0C2 | https://www.eaton.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
North America micro combined heat and power (mchp) market size, by country, 2018-2030 (US$M)
North America Micro Combined Heat And Power (Mchp) Market Outlook Share, 2024 & 2030 (US$M)
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