HOME Top Market Reports Micro Combined Heat & Power (CHP) (Microgeneration) Market by Technology, Geography, Application, Regulation and Market Trends (Forecast to 2016)

Micro Combined Heat & Power (CHP) (Microgeneration) Market by Technology, Geography, Application, Regulation and Market Trends (Forecast to 2016)

By: marketsandmarkets.com
Publishing Date: October 2011
Report Code: EP 1636

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Combined heat and power (CHP) is a method of generating electricity and heat simultaneously, while burning fuels such as natural gas or biofuel. Based on the end-user, CHP is classified into five categories: industrial CHP, CHP with district heating, combined cooling, heating and power, mini CHP, and micro CHP. Micro CHP units having an electrical output within the spectrum of 0 KW to 5 KW have been considered to be in the scope of the report. Micro CHP units are also known as microgeneration units. Micro CHP provides reliable power while emitting less greenhouse gases (as compared to the grid) and meeting the water and space heating needs of a building or home. In addition, it helps in reducing the load on the grid as well as transmission and distribution losses.

Currently, the countries witnessing micro CHP unit sales on a large scale are Japan and Germany. Japan leads the world micro CHP market with more than 80% share in annual global sales. The U.K. and U.S. are also beginning to look to distributed energy resources such as micro CHP for fulfilling their energy requirements. The other areas that have witnessed micro CHP development or research activity include The Netherlands, South Korea, and Canada.

Micro CHP is mainly viewed as a substitute of traditional boilers that are used as heating systems in residential and light commercial buildings. In addition to heat, micro CHP units also generate electricity. Based on the KW power output, the units can be used in standalone or multi-family homes, nursing homes, restaurants, and shops. These units are best-suited for buildings that have ideal “heat sinks” such as swimming pools.

Currently, the “internal combustion engine” technology accounts for 75% of the annual micro CHP sales, followed by proton exchange membrane fuel cells. The other emerging technologies include Stirling and organic rankine cycle engines. Stirling engines offer benefits such as flexibility in fuel to be used and reduced maintenance. Solid oxide fuel cells for use in micro CHP are currently under research, and understood to hold promise.

The micro CHP market is in its infancy in majority of regions around the world; however, penetration in the larger markets–mainly the U.S. and U.K.–is expected to be rapid. The factors contributing to the growth of the micro CHP market are supportive government policies, reduced greenhouse gas emissions, lower electricity expenses, and the availability of technologically advanced engines. However, the device is not sold in the mass market yet due to three main hurdles: high prices of the unit, consumer and utility resistance, and infrastructural hurdles.

Micro CHP units cost tens of thousands of dollars, and installation charges are also high. The costs are comparatively less for engine-based units than for fuel cell units. However, for both the types of units to make their way from the laboratories and field trials into the mass market, the manufacturing costs need to be brought down.

This report estimates the micro CHP market size in terms of volume and value. This has been broken down into component regions and further into countries within those regions. This report covers North America (U.S., Canada), Europe (Germany, U.K., and The Netherlands), and Asia-Pacific (Japan, South Korea). The market has been further segmented on the basis of applications (residential and commercial), as well as by technologies (internal combustion engine, Stirling engine, organic rankine cycle engine, PEMFC, and SOFC). Market drivers, restraints, challenges, and opportunities have been discussed in detail. Market players have been discussed and profiles of leading players including Honda (Japan), SenerTec (Germany), Ene-Farm (Japan), and others are included in the report.

Markets covered:

Global micro CHP market research report categorizes the global market of Micro Combined Heat and Power (CHP) on the basis of geography, application, and technology. It analyzes trends in each of the following submarkets:

On the basis of geography:

North America (U.S., Canada), Europe (Germany, UK, the Netherlands), and Asia-Pacific (Japan and South Korea)

On the basis of application:

Residential and commercial

On the basis of technology:

Internal combustion engine, stirling engine and PEMFC

TABLE OF CONTENTS   
   
1 INTRODUCTION  
  1.1 KEY TAKE-AWAYS  
  1.2 REPORT DESCRIPTION  
  1.3 MARKETS COVERED  
  1.4 STAKEHOLDERS  
  1.5 KEY QUESTIONS ANSWERED  
  1.6 RESEARCH METHODOLOGY  
      1.6.1 MARKET SIZE  
      1.6.2 KEY DATA POINTS FROM SECONDARY SOURCES  
      1.6.3 KEY DATA POINTS FROM PRIMARY SOURCES  
      1.6.4 KEY ASSUMPTIONS  
      1.6.5 LIST OF COMPANIES COVERED DURING PRIMARIES  
   
2 EXECUTIVE SUMMARY  
   
3 MARKET OVERVIEW  
  3.1 CHP: INTRODUCTION  
      3.1.1 CLASSIFICATION OF COMBINED HEAT & POWER  
            3.1.1.1 On the basis of end-user  
                    3.1.1.1.1 Industrial CHP  
                    3.1.1.1.2 CHP with district heating (teleheating)  
                    3.1.1.1.3 Combined cooling, heating & power (CCHP or trigeneration)  
                    3.1.1.1.4 Packaged & mini CHP  
                    3.1.1.1.5 Micro CHP  
            3.1.1.2 On the basis of grid connectivity  
                    3.1.1.2.1 On-grid CHP systems  
                    3.1.1.2.2 Off-grid CHP systems  
      3.1.2 MICRO CHP: A DISTRIBUTED ENERGY RESOURCE  
      3.1.3 DEFINITION: MICRO CHP/MICROGENERATION  
  3.2 BURNING ISSUES  
      3.2.1 VARIABLE ‘SPARK SPREAD’  
      3.2.2 CHALLENGING ECONOMIC ENVIRONMENT  
  3.3 WINNING IMPERATIVES  
      3.3.1 CAPITAL SUPPORT  
      3.3.2 ECONOMIES OF SCALE  
      3.3.3 AGGRESSIVE PROMOTION  
  3.4 MARKET DYNAMICS  
      3.4.1 DRIVERS  
            3.4.1.1 Supportive Government policies  
            3.4.1.2 Reduced GHG emissions  
            3.4.1.3 Reduced electricity expenses  
            3.4.1.4 Availability of advanced engines  
            3.4.1.5 Ideal product for boiler replacement  
      3.4.2 RESTRAINTS  
            3.4.2.1 High prices of micro CHP units  
            3.4.2.2 Consumer & utility resistance  
            3.4.2.3 Infrastructural hurdles  
      3.4.3 OPPORTUNITIES  
            3.4.3.1 Boiler replacement market  
            3.4.3.2 Residential/commercial construction market  
  3.5 IMPACT OF MARKET DYNAMICS  
  3.6 GLOBAL MICRO CHP (MICROGENERATION) MARKET  
  3.7 MICRO CHP 2021 SCENARIO  
  3.8 MICRO CHP COST ANALYSIS  
  3.9 MICRO CHP FUELS  
      3.9.1 NATURAL GAS  
            3.9.1.1 Liquefied Petroleum Gas (LPG)  
      3.9.2 FUEL CELL STACKS  
      3.9.3 OTHERS (BIOFUELS, BIOMASS & WASTE OIL)  
  3.10 MICRO CHP R&D INITIATIVES  
      3.10.1 GOVERNMENT FUNDING  
      3.10.2 UTILITY SUPPORT  
      3.10.3 FIELD DEMONSTRATIONS  
      3.10.4 ESTABLISHMENT OF R&D FACILITIES  
  3.11 MICRO CHP VALUE CHAIN  
      3.11.1 COMPONENT MANUFACTURER  
      3.11.2 MICRO CHP UNIT MANUFACTURER  
      3.11.3 MICRO CHP UNIT SUPPLIER  
      3.11.4 MICRO CHP UNIT INSTALLER  
      3.11.5 RESIDENTIAL/COMMERCIAL CUSTOMER  
      3.11.6 FUEL SUPPLIER  
      3.11.7 AFTER-SALES SERVICE  
      3.11.8 POSSIBLE SALE OF ELECTRICITY TO THE GRID  
  3.12 PORTER’S FIVE FORCES ANALYSIS  
      3.12.1 THREAT OF NEW ENTRANTS  
      3.12.2 THREAT OF SUBSTITUTES  
      3.12.3 BARGAINING POWER OF BUYERS  
      3.12.4 BARGAINING POWER OF SUPPLIERS  
      3.12.5 COMPETITIVE RIVALRY WITHIN AN INDUSTRY  
  3.13 MARKET SHARE  
  3.14 PATENT ANALYSIS  
   
4 MICRO CHP MARKET, BY GEOGRAPHY  
  4.1 INTRODUCTION  
  4.2 NORTH AMERICA: MICRO CHP MARKET  
  4.3 NORTH AMERICA: MICRO CHP REGULATORY SCENARIO  
      4.3.1 U.S.  
            4.3.1.1 U.S. EPA Energy Star Program  
            4.3.1.2 Pennsylvania Alternative and Clean Energy Program  
            4.3.1.3 FL Miami-Dade Renovation for Energy Efficiency Loan (REEL) Program  
            4.3.1.4 New Mexico Energy Efficiency & Renewable Energy Bond Program  
            4.3.1.5 Oregon Small Scale Energy Loan Program (SELP)  
            4.3.1.6 Pennsylvania Green Energy Loan Fund  
            4.3.1.7 Wisconsin Clean Energy Business Loan Program  
            4.3.1.8 AK Sustainable Natural Alternative Power Program  
            4.3.1.9 NJ Customer-Sited Renewable Energy Rebate  
            4.3.1.10 Arizona Energy Equipment Property Tax Exemption  
            4.3.1.11 Investment Tax Credit/Grant for Microturbines and Fuel Cells  
            4.3.1.12 North Carolina Renewable Energy Equipment Manufacturer Tax Credit  
            4.3.1.13 Vermont Renewable Energy Systems Sales Tax Exemption  
            4.3.1.14 Florida Net Metering Standards  
            4.3.1.15 Maryland Net Metering Standards  
            4.3.1.16 North Dakota Net Metering Standards  
            4.3.1.17 New Mexico Net Metering Standards  
            4.3.1.18 NY Net Metering Standards  
  4.4 EUROPE MICRO CHP MARKET  
  4.5 EUROPE MICRO CHP MARKET REGULATORY SCENARIO  
      4.5.1 U.K.  
            4.5.1.1 ELECTRICITY OUTPUT FROM THE CLIMATE CHANGE LEVY  
            4.5.1.2 REDUCTION IN TAXES  
            4.5.1.3 REDUCED VAT FOR ENERGY SAVING MATERIALS  
            4.5.1.4 FEED-IN-TARIFFS FOR RENEWABLE ELECTRICITY  
      4.5.2 GERMANY  
            4.5.2.1 Incentive provided by gas utility  
      4.5.3 THE NETHERLANDS  
      4.5.3.1 Capital subsidy  
  4.6 APAC MICRO CHP MARKET  
  4.7 APAC MICRO CHP MARKET REGULATORY SCENARIO  
      4.7.1 JAPAN  
            4.7.1.1 Micro CHP lease program  
            4.7.1.2 New Energy and Industrial Technology Development Organization support  
            4.7.1.3 Reduced Natural Gas Tariff  
      4.7.2 SOUTH KOREA  
            4.7.2.1 Capital grant  
   
5 GLOBAL MICRO CHP MARKET, BY APPLICATIONS  
  5.1 INTRODUCTION  
      5.1.1 RESIDENTIAL  
      5.1.2 COMMERCIAL  

6 GLOBAL MICRO CHP MARKET, BY TECHNOLOGY  
  6.1 INTRODUCTION  
  6.2 CURRENT TECHNOLOGIES  
      6.2.1 EXTERNAL COMBUSTION ENGINE  
            6.2.1.1 Stirling engine  
            6.2.1.2 Organic Rankine Cycle engine  
      6.2.2 INTERNAL COMBUSTION ENGINE  
      6.2.3 MICROTURBINES  
      6.2.4 FUEL CELL  
  6.3 ADVANCED TECHNOLOGIES  
      6.3.1 THERMO-PHOTOVOLTAIC  
      6.3.2 THERMO-IONIC  
  6.4 RELATED TECHNOLOGIES  
      6.4.1 ENERGY STORAGE  
            6.4.1.1 Electrical storage  
            6.4.1.2 Thermal storage  
      6.4.2 LOAD MANAGEMENT  
      6.4.3 SMART GRID  
  6.5 COMPLEMENTARY DEVICES  
      6.5.1 HEAT EXCHANGERS  
      6.5.2 ABSORPTION CHILLERS  
      6.5.3 DESICCANT DEVICES  
      6.5.4 BUFFER TANKS  
  6.6 MICRO CHP FUEL INPUT  
   
7 COMPETITIVE LANDSCAPE  
  7.1 INTRODUCTION  
      7.1.1 MICRO CHP MERGERS & ACQUISITIONS, NEW PRODUCTS AND R&D, PARTNERSHIPS, EXPANSIONS & INVESTMENT TRENDS   
   
8 COMPANY PROFILES  
  8.1 ACUMENTRICS CORPORATION  
      8.1.1 OVERVIEW  
      8.1.2 PRODUCTS & SERVICES  
      8.1.3 FINANCIALS  
      8.1.4 STRATEGY  
      8.1.5 DEVELOPMENTS  
  8.2 BDR THERMEA GROUP  
      8.2.1 OVERVIEW  
      8.2.2 PRODUCTS & SERVICES  
      8.2.3 FINANCIALS  
      8.2.4 STRATEGY  
      8.2.5 DEVELOPMENTS  
  8.3 CERAMIC FUEL CELLS LIMITED  
      8.3.1 OVERVIEW  
      8.3.2 PRODUCTS & SERVICES  
      8.3.3 FINANCIALS  
      8.3.4 STRATEGY  
      8.3.5 DEVELOPMENTS  
  8.4 CERES POWER HOLDINGS PLC  
      8.4.1 OVERVIEW  
      8.4.2 PRODUCTS & SERVICES  
      8.4.3 FINANCIALS  
      8.4.4 STRATEGY  
      8.4.5 DEVELOPMENTS  
  8.5 CLEAREDGE POWER  
      8.5.1 OVERVIEW  
      8.5.2 PRODUCTS & SERVICES  
      8.5.3 FINANCIALS  
      8.5.4 STRATEGY  
      8.5.5 DEVELOPMENTS  
  8.6 CLIMATE ENERGY LLC  
      8.6.1 OVERVIEW  
      8.6.2 PRODUCTS & SERVICES  
      8.6.3 FINANCIALS  
      8.6.4 STRATEGY  
      8.6.5 DEVELOPMENTS  
  8.7 COGEN MICROSYSTEMS  
      8.7.1 OVERVIEW  
      8.7.2 PRODUCTS & SERVICES  
      8.7.3 FINANCIALS  
      8.7.4 STRATEGY  
      8.7.5 DEVELOPMENTS  
  8.8 DANTHERM POWER  
      8.8.1 OVERVIEW  
      8.8.2 PRODUCTS & SERVICES  
      8.8.3 FINANCIALS  
      8.8.4 STRATEGY  
      8.8.5 DEVELOPMENTS  
  8.9 DISENCO ENERGY PLC  
      8.9.1 OVERVIEW  
      8.9.2 PRODUCTS & SERVICES  
      8.9.3 FINANCIALS  
      8.9.4 STRATEGY  
      8.9.5 DEVELOPMENTS  
  8.10 ENE-FARM  
      8.10.1 OVERVIEW  
      8.10.2 PRODUCTS & SERVICES  
      8.10.3 FINANCIALS  
      8.10.4 STRATEGY  
      8.10.5 DEVELOPMENTS  
  8.11 ENERGETIX GROUP PLC  
      8.11.1 OVERVIEW  
      8.11.2 PRODUCTS & SERVICES  
      8.11.3 FINANCIALS  
      8.11.4 STRATEGY  
      8.11.5 DEVELOPMENTS  
  8.12 HEXIS LTD  
      8.12.1 OVERVIEW  
      8.12.2 PRODUCTS & SERVICES  
      8.12.3 FINANCIALS  
      8.12.4 STRATEGY  
  8.13 HONDA MOTOR CO. LTD.  
      8.13.1 OVERVIEW  
      8.13.2 PRODUCTS & SERVICES  
      8.13.3 FINANCIALS  
      8.13.4 STRATEGY  
      8.13.5 DEVELOPMENTS  
  8.14 INFINIA CORPORATION  
      8.14.1 OVERVIEW  
      8.14.2 PRODUCTS & SERVICES  
      8.14.3 FINANCIALS  
      8.14.4 STRATEGY  
      8.14.5 DEVELOPMENTS  
  8.15 LOGANENERGY CORP  
      8.15.1 OVERVIEW  
      8.15.2 PRODUCTS & SERVICES  
      8.15.3 FINANCIALS  
      8.15.4 STRATEGY  
      8.15.5 DEVELOPMENTS  
  8.16 MARATHON ENGINE SYSTEMS  
      8.16.1 OVERVIEW  
      8.16.2 PRODUCTS & SERVICES  
      8.16.3 FINANCIALS  
      8.16.4 STRATEGY  
      8.16.5 DEVELOPMENTS  
  8.17 MICROGEN ENGINE CORPORATION HOLDING B.V  
      8.17.1 OVERVIEW  
      8.17.2 PRODUCTS & SERVICES  
      8.17.3 FINANCIALS  
      8.17.4 STRATEGY  
      8.17.5 DEVELOPMENTS  
  8.18 OTAG VERTRIEBS GMBH & CO. KG  
      8.18.1 OVERVIEW  
      8.18.2 PRODUCTS & SERVICES  
      8.18.3 FINANCIALS  
      8.18.4 STRATEGY  
      8.18.5 DEVELOPMENTS  
  8.19 SENERTEC KRAFT-WÄRME-ENERGIESYSTEME GMBH (SENERTEC)  
      8.19.1 OVERVIEW  
      8.19.2 PRODUCTS & SERVICES  
      8.19.3 FINANCIALS  
      8.19.4 STRATEGY  
      8.19.5 DEVELOPMENTS  
  8.20 VAILLANT GROUP  
      8.20.1 OVERVIEW  
      8.20.2 PRODUCTS & SERVICES  
      8.20.3 FINANCIALS  
      8.20.4 STRATEGY  
      8.20.5 DEVELOPMENTS  
  8.21 WHISPER TECH  
      8.21.1 OVERVIEW  
      8.21.2 PRODUCTS & SERVICES  
      8.21.3 FINANCIALS  
      8.21.4 STRATEGY  
      8.21.5 DEVELOPMENTS  
  8.22 YANMAR CO. LTD  
      8.22.1 OVERVIEW  
      8.22.2 PRODUCTS & SERVICES  
      8.22.3 FINANCIALS  
      8.22.4 STRATEGY  
      8.22.5 DEVELOPMENTS  
   
APPENDIX   
  U.S. PATENTS  
  EUROPE PATENTS  
  JAPAN PATENTS   
    
   
LIST OF TABLES   
   
TABLE 1 MICRO CHP ANNUAL SALES, BY GEOGRAPHY, 2009 – 2016 ($MILLION)  
TABLE 2 ADVANTAGES OF CHP  
TABLE 3 DER TECHNOLOGIES & DEVELOPMENTAL STAGE  
TABLE 4 2020 EMISSION REDUCTION TARGETS OF SELECTED REGIONS  
TABLE 5 SIMPLE PAYBACK & UTILITY BILL SAVINGS FROM MICRO CHP  
TABLE 6 NEW HOME COMPLETIONS, BY COUNTRY, 2010  
TABLE 7 IMPACT OF MARKET DYNAMICS  
TABLE 8 OPTIMISTIC SCENARIO: ANNUAL MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 (UNITS)  
TABLE 9 MOST LIKELY SCENARIO: ANNUAL MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 (UNITS)  
TABLE 10 CONSERVATIVE SCENARIO: ANNUAL MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 (UNITS)   
TABLE 11 CUMULATIVE INSTALLED MICRO CHP UNITS, BY GEOGRAPHY, 2009 – 2016 (UNITS)   
TABLE 12 MICRO CHP ANNUAL SALES, BY GEOGRAPHY, 2009 – 2016 ($MILLION)  
TABLE 13 ANNUAL ENGINE-BASED MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 (UNITS)   
TABLE 14 ANNUAL ENGINE-BASED MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 ($MILLION)   
TABLE 15 ANNUAL FUEL CELL-BASED MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 (UNITS)   
TABLE 16 ANNUAL FUEL CELL-BASED MICRO CHP SALES, BY GEOGRAPHY, 2009 – 2016 ($MILLION)   
TABLE 17 ANNUAL MICRO CHP SALES, BY GEOGRAPHY, 2016 – 2021 (UNITS)  
TABLE 18 CAPITAL & OPERATING COSTS INCURRED BY MICRO CHP BUYER, BY TECHNOLOGY, 2011   
TABLE 19 BREAKDOWN OF CAPITAL COSTS, (FOR A 5 KW FUEL CELL UNIT)  
TABLE 20 BREAKDOWN OF OPERATING COSTS, (FOR A 5 KW FUEL CELL UNIT)  
TABLE 21 NATURAL GAS PRICE FOR SELECTED COUNTRIES  
TABLE 22 CHP COMPONENTS & MANUFACTURERS  
TABLE 23 MICRO CHP SUPPLIERS  
TABLE 24 NATURAL GAS SUPPLIERS, BY COUNTRY  
TABLE 25 COMPANIES SUPPLYING BIODIESEL  
TABLE 26 MAJOR PLAYERS IN GLOBAL MICRO CHP MARKET, BY SALES, 2010 (UNITS)  
TABLE 27 COMPANY SPREAD IN TERMS OF KW CAPACITY OF UNITS  
TABLE 28 U.S.: MICRO CHP PRODUCT SPECIFICATIONS  
TABLE 29 NORTH AMERICA: MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)  
TABLE 30 NORTH AMERICA: MICRO CHP SALES, BY COUNTRY, 2009 – 2016 ($MILLION)  
TABLE 31 NORTH AMERICA: ENGINE-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)   
TABLE 32 NORTH AMERICA: ENGINE-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 ($MILLION)   
TABLE 33 NORTH AMERICA: FUEL CELL-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)   
TABLE 34 NORTH AMERICA: FUEL CELL-BASED MICRO CHP SALES, BY COUNTRY, 2009 –  2016 ($MILLION)   
TABLE 35 EPA ENERGY STAR PROGRAM REQUIREMENTS  
TABLE 36 EUROPE: MICRO CHP SALES, BY COUNTRY, 2009 - 2016 (UNITS)  
TABLE 37 EUROPE: MICRO CHP SALES, BY COUNTRY, 2009 – 2016 ($MILLION)  
TABLE 38 EUROPE: ENGINE-BASED MICRO CHP SALES, BY COUNTRY,  2009 – 2016 (UNITS)   
TABLE 39 EUROPE: ENGINE-BASED MICRO CHP SALES, BY COUNTRY,  2009 – 2016 ($MILLION)   
TABLE 40 EUROPE: FUEL CELL-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)   
TABLE 41 EUROPE: FUEL CELL-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 ($MILLION)   
TABLE 42 APAC: MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)  
TABLE 43 APAC: MICRO CHP SALES, BY COUNTRY, 2009 – 2016 ($MILLION)  
TABLE 44 APAC: ENGINE-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)   
TABLE 45 APAC: ENGINE-BASED MICRO CHP SALES, BY COUNTRY, 2009 -2016 ($MILLION)   
TABLE 46 APAC: FUEL CELL-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 (UNITS)   
TABLE 47 APAC: FUEL CELL-BASED MICRO CHP SALES, BY COUNTRY, 2009 – 2016 ($MILLION)   
TABLE 48 JAPAN: MICRO CHP SUBSIDY PER UNIT, 2009 – 2011 ($)  
TABLE 49 GLOBAL ANNUAL MICRO CHP SALES, BY KW CAPACITY, 2010 – 2016 (UNITS)   
TABLE 50 GLOBAL MICRO CHP SALES, BY APPLICATIONS, 2009 - 2016 (UNITS)  
TABLE 51 GLOBAL MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)  
TABLE 52 GLOBAL FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 53 GLOBAL FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 54 GLOBAL ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 - 2016 (UNITS)   
TABLE 55 GLOBAL ENGINE–BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 56 NORTH AMERICA: MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)  
TABLE 57 NORTH AMERICA: MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)  
TABLE 58 NORTH AMERICA: FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 59 NORTH AMERICA: FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 60 NORTH AMERICA: ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 61 NORTH AMERICA: ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 62 EUROPE: MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)  
TABLE 63 EUROPE: MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)  
TABLE 64 EUROPE: FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 65 EUROPE: FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 66 EUROPE: ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 67 EUROPE: ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 68 APAC: MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)  
TABLE 69 APAC: MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)  
TABLE 70 APAC: FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 71 APAC: FUEL CELL-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 72 APAC: ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 (UNITS)   
TABLE 73 APAC: ENGINE-BASED MICRO CHP SALES, BY APPLICATIONS, 2009 – 2016 ($MILLION)   
TABLE 74 COMPARISON BETWEEN RANKINE CYCLE & STIRLING ENGINES  
TABLE 75 COMPARISON BETWEEN CONVENTIONAL GRID & SMART GRID  
TABLE 76 COMPARISON BETWEEN CONDENSING BOILER, ENGINE, PEMFC & SOFC-BASED MICRO CHP SYSTEMS   
TABLE 77 ANNUAL MICRO CHP SALES, BY TECHNOLOGY, 2009 – 2016 (UNITS)  
TABLE 78 NORTH AMERICA: MICRO CHP SALES, BY TECHNOLOGY, 2009 – 2016 (UNITS)  
TABLE 79 EUROPE: MICRO CHP SALES, BY TECHNOLOGY, 2009 – 2016 (UNITS)  
TABLE 80 APAC: MICRO CHP SALES, BY TECHNOLOGY, 2009 – 2016 (UNITS)  
TABLE 81 ANNUAL MICRO CHP SALES, BY FUEL, 2009 – 2016 (UNITS)  
TABLE 82 MERGERS & ACQUISITIONS  
TABLE 83 NEW PRODUCTS LAUNCH AND R&D  
TABLE 84 PARTNERSHIPS/COLLABORATIONS/JOINT VENTURES  
TABLE 85 EXPANSIONS  
TABLE 86 INVESTMENTS  
TABLE 87 OTHERS  
TABLE 88 BDR THERMEA: SALES ANALYSIS, BY GEOGRAPHY, 2010 ($MILLION)  
TABLE 89 CERAMIC FUEL CELLS: FINANCIAL ANALYSIS, 2010 – 2011 ($MILLION)  
TABLE 90 CERES POWER: REVENUE ANALYSIS, 2009 - 2010 ($MILLION)  
TABLE 91 ENERGETIX GROUP: MARKET REVENUE ANALYSIS, 2009 – 2010 ($MILLION)  
TABLE 92 HONDA POWER: PRODUCTS REVENUE ANALYSIS, 2010 – 2011 ($MILLION)  
TABLE 93 HONDA POWER: PRODUCTS REVENUE ANALYSIS, BY GEOGRAPHY, 2010 – 2011 ($MILLION)   
TABLE 94 VAILLANT GROUP: REVENUE ANALYSIS, 2009 – 2010 ($MILLION)  
TABLE 95 YANMAR LTD: REVENUE ANALYSIS, 2010 – 2011 ($MILLION)  
    
LIST OF FIGURES   
   
FIGURE 1 TYPICAL CHP SYSTEM PROCESS FLOW  
FIGURE 2 EFFICIENCY OF SEPARATE HEAT & POWER VS CHP  
FIGURE 3 CLASSIFICATION OF COMBINED HEAT & POWER, BY END-USER  
FIGURE 4 CLASSIFICATION OF GOVERNMENT SUPPORT SCHEMES  
FIGURE 5 SUPPORT SCHEMES & RELATIVE MATURITY OF TECHNOLOGY  
FIGURE 6 DOMESTIC BOILER MARKET SHARE, BY COUNTRY, 2010  
FIGURE 7 COMMERCIAL BOILER MARKET SHARE, BY COUNTRY, 2010  
FIGURE 8 OPTIMISTIC, MOST LIKELY & CONSERVATIVE SCENARIOS FOR MICRO CHP ANNUAL SALES, 2009 – 2016 (UNITS)   
FIGURE 9  MICRO CHP VALUE CHAIN 
FIGURE 10 PORTER’S FIVE FORCES ANALYSIS FOR MICRO CHP  
FIGURE 11 MICRO CHP MARKET SHARE, BY COMPANY, 2010  
FIGURE 12 MICRO CHP PATENTS, BY COMPANY, 2005 – 2010  
FIGURE 13 MICRO CHP PATENTS, BY GEOGRAPHY, 2005 – 2010  
FIGURE 14 MICRO CHP PATENTS, BY TECHNOLOGY, 2005 – 2010  
FIGURE 15 U.S: MICRO CHP PATENTS, BY TECHNOLOGY, 2005 – 2010  
FIGURE 16 EUROPE: MICRO CHP PATENTS, BY TECHNOLOGY, 2005 – 2010  
FIGURE 17 MICRO CHP SALES, BY APPLICATIONS, 2010  
FIGURE 18 TYPICAL RESIDENTIAL END-USE OF POWER  
FIGURE 19 MICRO CHP COMMERCIAL APPLICATIONS  
FIGURE 20 MICRO CHP TECHNOLOGIES  
FIGURE 21 MICRO CHP TECHNOLOGY ADOPTION LIFE CYCLE  
FIGURE 22 MICRO CHP & COMPLEMENTARY DEVICES IN A BUILDING  
FIGURE 23 GLOBAL ANNUAL MICRO CHP SALES, BY TECHNOLOGY, 2010  
FIGURE 24 GLOBAL ANNUAL MICRO CHP SALES, BY TECHNOLOGY, 2016  
FIGURE 25 MICRO CHP COMPETITIVE DEVELOPMENTS, 2005 – JULY 2011  
FIGURE 26 MICRO CHP DEVELOPMENTS, BY GEOGRAPHY, 2005 – JULY 2011  
FIGURE 27 MICRO CHP GLOBAL DEVELOPMENTS, BY YEAR, 2008 – JULY 2011

Micro CHP units meet the heating and electricity requirements of homes and residential buildings. The technology is currently in its nascent stage, and depends heavily on the government support in the form of capital grants, and tax rebates. The worth of the global micro CHP annual sales market reached $317.6 million in 2010. This is forecasted to increase to $373.3 million in 2011, reaching $636 million in 2016 at a CAGR of 11.2% during the five-year period. The value of the micro CHP market in North America is expected to grow at a CAGR of (28.8%) between 2011 and 2016, followed by Europe (14.3%), and Asia-Pacific (9.8%). The high growth rate of the market in North America can be attributed to the extremely low base at which the market is at present. In absolute terms, Asia-Pacific is expected to continue to witness the highest sales and boast of the highest value market globally. It must be noted that the value market is expected to grow at a slower rate than the volume market because the price per micro CHP unit is expected to fall.

As micro CHP refers to units of 0 kW to 5 kW, they are mainly meant for deployment in homes and commercial establishments. While the residential sector captures 80% of the micro CHP market, the remaining 20% is controlled by the commercial sector. The reason for this is that most units produced currently are 0 kW to 1 kW in size, which is more suited for use in dwellings.

Global Micro CHP Market by Application, 2010

Micro CHP Market, Microgeneration Market

 

Source: MarketsandMarkets

However, over the next five years, the commercial segment is expected to gain another 10% share in the market, as larger micro CHP units begin to be introduced. Moreover, commercial establishments can offer ideal “heat sinks” in the form of swimming pools in health clubs, and laundries.

Government support is the primary reason for development of micro CHP market, followed by the reduced green house gas emissions and lower electricity bills offered by use of the unit. In addition, advanced engines are now available, and boiler technology has become rather mature. However, the high prices of micro CHP units, consumer and utility resistance, and infrastructural hurdles inhibit the growth of the market to some extent.

Major manufacturers of micro CHP unit include Honda (Japan), Vaillant (Germany), SenerTec (Germany) and Ene-Farm (Japan). Many of these players are now directing their energies towards regions such as North America and Europe, which possess large potential for deployment of these units.

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