HOME Top Market Reports Micro Combined Heat & Power (M-CHP) (Microgeneration) Market by Technology (Stirling Engine, Organic Rankine Cycle Engine, Internal Combustion engine, PEMFC and SOFC), by Application (Residential and Commercial) & by Geography - Market Trends & Forecasts (2014 - 2019)

Micro Combined Heat & Power (M-CHP) (Microgeneration) Market by Technology (Stirling Engine, Organic Rankine Cycle Engine, Internal Combustion engine, PEMFC and SOFC), by Application (Residential and Commercial) & by Geography - Market Trends & Forecasts (2014 - 2019)

By: marketsandmarkets.com
Publishing Date: September 2014
Report Code: EP 2749

 

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The demand for micro CHP system has been estimated from the demand side in terms of value ($million). This report also discusses the drivers, restraints, and opportunities of the market, which is directly dependent on the global micro CHP market. This report also tracks the activities of dominant market players and their respective strategies such as expansions, mergers and acquisitions, and new-product launches.

Micro CHP Market Size ($Million)

Micro Combined Heat & Power (M-CHP) (Microgeneration) Market

E-Expected, P-Projected

Source: MarketsandMarkets Analysis

The above figure shows the global micro CHP market size ($million) for various geographies from 2014 to 2019. The Asia-Pacific market is the most dominant, with the largest market share at present. However, the growth of the micro CHP market is expected to be the highest for the European region between 2014 and 2019. Major players in the market include Honda Power (Japan), BDR Thermea Group (The Netherlands), E.ON (Germany), Yanmar Co. Limited (Japan), The Viessmann Group (Germany), and Vaillant (Germany).

In order to get an in-depth understanding of the competition in the micro CHP market, this report gives a detailed profile of the 18 key players in the same. The market has been segmented in the report in the following manner:

By Technology

  • Stirling engine
  • Organic Rankine cycle engine
  • Internal combustion engine
  • Proton Exchange Membrane Fuel Cell (PEMFC)
  • Solid Oxide Fuel Cell (SOFC)

By Geography

  • Asia-Pacific
  • Europe
  • North America

By Application

  • Residential
  • Commercial

Major companies with their market share and size have been covered for each region. Micro CHP market report also deals with market share by participants for the overall market and describes the competitive strategies adopted by these players. The micro CHP market segmentation has been done on the basis of application. The leading players of the industry have also been profiled with their recent developments and key strategies followed. A few top players of the industry include Ceramic Fuel Cell Limited (Australia), Flow Group (U.K.), Dantherm Power (Denmark), Ceres Power Holdings (U.K.), BDR Thermea Group (The Netherlands), and The Viessmann Group (Germany). Recent product related developments by the top market players have widened the scope for growth of micro CHP systems. These market players are present mostly in Europe and Asia-Pacific and are continuously participating in competitive developments. Other formidable players in the market include Honda Power (Japan), E.ON (Germany), Yanmar Co. Ltd. (Japan), and Vaillant (Germany).

Table of Contents 
 
1 Introduction (Page No.- 14)
    1.1 Objectives of the Study
    1.2 Report Description
    1.3 Market Covered
    1.4 Stakeholders

2 Research Methodology (Page No.- 16)
    2.1 Market Size Estimation
    2.2 Market Share Estimation
          2.2.1 Key Data Points Taken From Secondary Sources
          2.2.2 Key Data Points Taken From Primary Sources
          2.2.3 Key Secondary Sources Used
    2.3 Key Assumptions

3 Executive Summary (Page No.- 21)

4 Premium Insights (Page No.- 24)
    4.1 Attractive Market Opportunities in Fuel Cell Technology
    4.2 Japan Commands Over Two-Third of the Market Share
    4.3 Micro CHP Market: Developed Vs. Developing Nations
    4.4 Global Technology Market (2019)
    4.5 Life Cycle Analysis By Geography

5 Market Overview (Page No.- 30)
    5.1 Introduction
    5.2 Classification of Combined Heat & Power
          5.2.1 On the Basis of End-User
                   5.2.1.1 Industrial CHP
                   5.2.1.2 CHP With District Heating (Teleheating)
                   5.2.1.3 Combined Cooling, Heating & Power (CCHP Or Trigeneration)
                                5.2.1.3.1 Packaged & Mini CHP
                                5.2.1.3.2 Micro CHP
          5.2.2 On the Basis of Grid Connectivity
                   5.2.2.1 On-Grid CHP Systems
                   5.2.2.2 off-Grid CHP Systems
          5.2.3 A Distributed Energy Resource
          5.2.4 Definition: Micro Combined Heat & Power
    5.3 Burning Issue
          5.3.1 Challenging Economic Environment
          5.3.2 Variable ‘Spark Spread’
    5.4 Winning Imperatives
          5.4.1 Aggressive Promotion
          5.4.2 Economies of Scale
          5.4.3 Capital Support
    5.5 Market Dynamics
          5.5.1 Drivers
                   5.5.1.1 Cut-Down in Electricity Expenses
                   5.5.1.2 Availability of Advanced Engines
                   5.5.1.3 Reduced Ghg Emissions
                   5.5.1.4 Absolute Product for Boiler Replacement
                   5.5.1.5 Supportive Government Policies
          5.5.2 Restraints
                   5.5.2.1 Consumer & Utility Resistance
                   5.5.2.2 Infrastructural Hurdles
                   5.5.2.3 High Prices of Micro CHP Units
          5.5.3 Opportunities
                   5.5.3.1 Boiler Replacement Market
                   5.5.3.2 Residential/Commercial Construction Market
          5.5.4 Challenges
                   5.5.4.1 Low Price of Natural Gas in Europe and Other Regions
    5.6 Impact of Market Dynamics

6 Industry Trends (Page No.- 44)
    6.1 Micro CHP Value Chain
          6.1.1 Component Manufacturer
          6.1.2 Micro Combined Heat & Power Unit Manufacturer
          6.1.3 Micro Combined Heat & Power Unit Supplier
          6.1.4 Micro CHP Unit Installer
          6.1.5 Residential/Commercial Customer
          6.1.6 Fuel Supplier
          6.1.7 After-Sales Service
          6.1.8 Possible Sale of Electricity to the Grid
    6.2 Porter’s Analysis
          6.2.1 Threat of New Entrants
          6.2.2 Threat of Substitutes
          6.2.3 Bargaining Power of Buyers
          6.2.4 Bargaining Power of Suppliers
          6.2.5 Industry Competition
    6.3 Micro Combined Heat & Power R&D Initiatives
          6.3.1 Government Funding
          6.3.2 Utility Support
          6.3.3 Field Demonstrations
          6.3.4 Establishment of R&D Facilities

7 Micro CHP Market, By Application (Page No.- 50)
    7.1 Introduction
          7.1.1 Residential
          7.1.2 Commercial

8 Global Micro CHP Market, By Technology (Page No.- 63)
    8.1 Introduction
    8.2 Current Technologies
          8.2.1 External Combustion Engine
                   8.2.1.1 Stirling Engine
                   8.2.1.2 Organic Rankine Cycle Engine
          8.2.2 Internal Combustion Engine
          8.2.3 Microturbines
          8.2.4 Fuel Cell
    8.3 Advanced Technologies
          8.3.1 Thermo-Photovoltaic
          8.3.2 Thermo-Ionic
    8.4 Related Technologies
          8.4.1 Energy Storage
                   8.4.1.1 Electrical Storage
                   8.4.1.2 Thermal Storage
          8.4.2 Load Management
          8.4.3 Smart Grid

9 Micro CHP Sales, By Geography (Page No.- 72)
    9.1 Introduction
    9.2 North America: Market
    9.3 North America: Regulatory Scenario
          9.3.1 U.S.
                   9.3.1.1 U.S. EPA Energy Star Program
                   9.3.1.2 Pennsylvania Alternative and Clean Energy Program
                   9.3.1.3 New Mexico Energy Efficiency & Renewable Energy Bond Program
                   9.3.1.4 Oregon Small Scale Energy Loan Program (SELP)
                   9.3.1.5 Pennsylvania Green Energy Loan Fund
                   9.3.1.6 Wisconsin Clean Energy Business Loan Program
                   9.3.1.7 Ak Sustainable Natural Alternative Power Program
                   9.3.1.8 Nj Customer-Sited Renewable Energy Rebate
                   9.3.1.9 Arizona Energy Equipment Property Tax Exemption
                   9.3.1.10 Fl Miami-Dade Renovation for Energy Efficiency Loan (REEL) Program
                   9.3.1.11 Investment Tax Credit/Grant for Microturbines and Fuel Cells
                   9.3.1.12 North Carolina Renewable Energy Equipment Manufacturer Tax Credit
                   9.3.1.13 South Dakota Renewable Energy System Exemption
                   9.3.1.14 Vermont Renewable Energy Systems Sales Tax Exemption
                   9.3.1.15 Florida Net Metering Standards
                   9.3.1.16 Maryland Net Metering Standards
                   9.3.1.17 North Dakota Net Metering Standards
                   9.3.1.18 New Mexico Net Metering Standards
                   9.3.1.19 Ny Net Metering Standards
    9.4 Europe Micro CHP Market
    9.5 Europe Market Regulatory Scenario
          9.5.1 U.K.
                   9.5.1.1 Electricity Output From the Climate Change Levy
                   9.5.1.2 Reduction in Taxes
                   9.5.1.3 Reduced Vat for Energy Saving Materials
                   9.5.1.4 Feed-in-Tariffs for Renewable Electricity
          9.5.2 Germany
                   9.5.2.1 Incentive Provided By Gas Utility
          9.5.3 The Netherlands
                   9.5.3.1 Capital Subsidy
    9.6 Apac Micro Combined Heat & Power Market
    9.7 Apac Market Regulatory Scenario
          9.7.1 Japan
                   9.7.1.1 Micro CHP Lease Program
                   9.7.1.2 New Energy and Industrial Technology Development Organization Support
                   9.7.1.3 Reduced Natural Gas Tariff
          9.7.2 South Korea
                   9.7.2.1 Capital Grant

10 Competitive Landscape (Page No.- 89)
     10.1 Overview
     10.2 Agreements, Partnerships, Collaborations, & Joint Ventures
     10.3 New Product/ Technology Launch
     10.4 Expansions
     10.5 Mergers & Acquisitions
     10.6 Other Developments

11 Company Profiles (Page No.- 101)
     (Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)* 
     11.1 Introduction
     11.2 Bdr Thermea Group
     11.3 Ceres Power Holdings PLC
     11.4 Ceramic Fuel Cells Limited
     11.5 Cogen Microsystems
     11.6 Dantherm Power
     11.7 E.On
     11.8 Ener-G
     11.9 Flowgroup
     11.10 Honda Power
     11.11 Marathon Engine Systems
     11.12 Microgen Engine Corporation Holding B.V.
     11.13 Qnergy
     11.14 Senertec Kraft-Warme-Energiesysteme Gmbh (Senertec)
     11.15 The Viessmann Group
     11.16 Topsoe Fuel Cell
     11.17 Vaillant Group
     11.18 Whisper Tech Limited
     11.19 Yanmar Co. Ltd.

*Details on Company At A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies. 


List of Tables (84 Tables) 

Table 1 Advantages of Combined Heat and Power
Table 2 Der Technologies & Developmental Stage
Table 3 Simple Payback & Utility Bill Savings From Micro CHP
Table 4 2020 Emission Reduction Targets of Selected Regions
Table 5 Impact of Market Dynamics
Table 6 Micro CHP Market Size, By Application, 2012-2019 (Units)
Table 7 Micro Combined Heat & Power Sales, By Application, 2012-2019 ($Million)
Table 8 Fuel Cell Based Micro CHP Sales, By Application, 2012-2019 (Units)
Table 9 Sales By Application, 2012-2019 ($Million)
Table 10 Engine Based Micro CHP Sales, By Application, 2012-2019 (Units)
Table 11 Sales, By Applications, 2012-2019 ($Millions)
Table 12 Global Residential Micro CHP Sales, By Applications, By Region, 2012-2019 (Units)
Table 13 Global Sales, By Applications, By Region, 2012-2019 ($Million)
Table 14 Global Commercial Micro CHP Sales, By Applications, By Region, 2012-2019 (Units)
Table 15 Global Sales, By Applications, By Region, 2012-2019 ($Million)
Table 16 North America: Sales, By Applications, 2012-2019 (Units)
Table 17 North America: Sales, By Application 2012-2019 ($Million)
Table 18 North America: Sales, By Application, 2012–2019 (Units)
Table 19 North America: Fuel Cell-Based Micro CHP Sales, By Application, 2012-2019 ($Million)
Table 20 North America: Sales, By Applications, 2012-2019 (Units)
Table 21 North America: Engine-Based Micro Combined Heat & Power Sales, By Application, 2012-2019 ($Million)
Table 22 Europe: Micro CHP Sales, By Application, 2012-2019 (Units)
Table 23 Europe: Sales , By Application, 2012-2019 ($Million)
Table 24 Europe: Fuel Cell-Based Micro CHP Sales, By Application, 2012-2019 (Units)
Table 25 Europe: Sales, By Application, 2012-2019 ($Million)
Table 26 Europe: Engine-Based Micro CHP Sales, By Application, 2012-2019 (Units)
Table 27 Europe: Sales, By Application, 2012-2019 ($Million)
Table 28 Asia-Pacific: Sales, By Application, 2012-2019 (Units)
Table 29 Asia-Pacific: Micro CHP Sales, By Application, 2012-2019 ($Million)
Table 30 Asia-Pacific: Fuel Cell-Based Micro Combined Heat & Power Sales, By Application, 2012-2019 (Units)
Table 31 Asia-Pacific: Sales, By Application, 2012-2019 ($Million)
Table 32 Asia-Pacific: Engine-Based Micro CHP Sales, By Application: 2012-2019 (Units)
Table 33 Asia-Pacific: Sales, By Application, 2012-2019 ($Million)
Table 34 Comparison Between Organic Rankine Cycle & Stirling Engine
Table 35 Comparison Between Smart Grid & Conventional Grid
Table 36 Micro CHP Sales, By Technology, 2012-2019 (Units)
Table 37 North America: Sales, By Technology, 2012-2019 (Units)
Table 38 Europe: Sales, By Technology, 2012-2019 (Units)
Table 39 Asia-Pacific: Sales, By Technology, 2012-2019 (Units)
Table 40 Ice Micro Combined Heat & Power Market Volume, By Region, 2012-2019 (Units)
Table 41 Pemfc Micro CHP Market Volume, By Region, 2012-2019 (Units)
Table 42 Orc Micro Combined Heat & Power Market Volume, By Region, 2012-2019 (Units)
Table 43 Stirling Engine Micro CHP Market Volume, By Region, 2012-2019 (Units)
Table 44 Sofc Micro Combined Heat & Power Market Volume, By Region, 2012-2019 (Units)
Table 45 Global Sales, By Geography, 2012-2019 (Units)
Table 46 Global Market Volume, By Region, 2013-2019 (Y-O-Y %)
Table 47 Global Sales, By Geography, 2012-2019 ($Million)
Table 48 Global Market Value, By Region, 2013-2019 (Y-O-Y %)
Table 49 Global Engine-Based Micro CHP Sales, By Region, 2012-2019 (Units)
Table 50 Global Sales, By Region, 2012-2019 ($Million)
Table 51 Market Volume, By Region, 2013-2019 (Y-O-Y %)
Table 52 Market Value, By Region, 2013-2019 (Y-O-Y %)
Table 53 Global Fuel Cell-Based Micro CHP Sales, By Region, 2012-2019 (Units)
Table 54 Market Volume, By Region, 2013-2019 (Y-O-Y %) 72
Table 55 Global Sales, By Region, 2012-2019 ($Million)
Table 56 Fuel Cell-Based Micro CHP Market Value, By Region, 2013-2019 (Y-O-Y %)
Table 57 U.S.: Micro Combined Heat & Power Product Specifications
Table 58 North America: Micro CHP Sales, By Country, 2012-2019 (Units)
Table 59 North America: Sales, By Country, 2012-2019 ($Million)
Table 60 North America: Sales, By Country, 2012-2019 (Units)
Table 61 North America: Engine-Based Micro Combined Heat & Power Sales, By Country, 2012-2019 ($Million)
Table 62 North America: Sales, By Country, 2012-2019 (Units)
Table 63 North America: Fuel Cell-Based Micro CHP Sales, By Country, 2012-2019 ($Million)
Table 64 U.S.: Micro CHP Market Volume, By Type, 2012-2019 (Units)
Table 65 EPA Energy Star Program Requirements
Table 66 Europe: Micro CHP Sales, By Country, 2012-2019 (Units)
Table 67 Europe: Sales, By Country, 2012-2019 ($Million)
Table 68 Europe: Sales, By Country, 2012-2019 (Units)
Table 69 Europe: Sales, By Country, 2012-2019 ($Million)
Table 70 Europe: Sales, By Country, 2012-2019 (Units)
Table 71 Europe: Sales, By Country, 2012-2019 ($Million)
Table 72 Germany: Market Volume, By Type, 2012-2019 (Units)
Table 73 Asia-Pacific: Micro CHP Sales, By Country, 2012-2019 (Units)
Table 74 Asia-Pacific: Sales, By Country, 2012-2019 ($Million)
Table 75 Asia-Pacific: Sales, By Country, 2012-2019 (Units)
Table 76 Asia-Pacific: Sales, By Country, 2012-2019 ($Million)
Table 77 Asia-Pacific: Sales, By Country, 2012-2019 (Units)
Table 78 Asia-Pacific: Sales, By Country, 2012-2019 ($Million)
Table 79 Japan: Micro CHP Market Volume, By Type, 2012-2019 (Units)
Table 80 Agreements, Partnerships, Collaborations, & Joint Ventures, 2011–2014 90
Table 81 New Product/ Technology Launch, 2011–2014
Table 82 Expansions & Investments, 2011–2014
Table 83 Mergers & Acquisitions, 2011–2014
Table 84 Other Developments, 2011–2014


List of Figures (23 Figures) 

Figure 1 Markets Covered: Micro CHP Market
Figure 2 Micro CHP Market: Research Methodology
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Micro CHP Sales, By Region
Figure 6 Attractive Market Opportunities in Fuel Cell Technology
Figure 7 Japan Commands Over Two-Third of the Market
Figure 8 Japan Leads the Market Compared to the Developed Nations
Figure 9 Fuel Cell Technology Has A Bright Future in the Apac Region
Figure 10 North America Market to Enter the Exponential Growth Phase in Coming Years
Figure 11 Classification of Government Support Schemes
Figure 12 Micro Combined Heat & Power Value Chain
Figure 13 Porter’s Five forces Analysis
Figure 14 Micro CHP Sales, By Application, 2013
Figure 15 Residential End-Use of Power
Figure 16 Commercial End-Use of Power
Figure 17 Micro Combined Heat & Power Technologies
Figure 18 Micro Combined Heat & Power Technology Adoption Life Cycle
Figure 19 Micro CHP Sales, By Technology, 2012
Figure 20 Micro CHP Sales, By Technology, 2019
Figure 21 Companies Adopted Contract Agreement As the Key Growth Strategy Over the Past Three Years
Figure 22 Battle for Market Share: Contract & Agreement Has Been the Key Strategy
Figure 23 Geographic Revenue Mix of top 5 Market Players

The global micro CHP market is estimated to reach $3,506.2 million by 2019, with a projected CAGR of 20.2% during the forecast period, indicating a high demand in residential and commercial applications.

Combined heat and power or cogeneration is a unique system which simultaneously, produces heat and electricity from a single source. CHP units can run on various fuels such as natural gas, biomass, and liquid fuels to produce electricity. Micro CHP refers to small scale production of heat and power for residential and commercial purposes. The growing awareness for environment and climate change across the globe has increased the importance of low carbon emission technologies, with various governments introducing stringent regulations to protect the environment.

Micro CHP is the best low carbon alternative to a gas boiler. It reduces high carbon emission by generating electricity, at the point of use. Installation of this unit is more cost-effective and less disruptive compared to other renewable and low carbon technologies.

The global micro CHP market has witnessed an attractive growth owing to the increase in demand for low carbon emission technology across the globe, as well as the need to reduce electricity expenses. The biggest market for micro CHP is held by Asia-Pacific among Europe and North America.

Micro CHP Market, by Region ($Million)

Micro Combined Heat & Power (M-CHP) (Microgeneration) Market

Source: MarketsandMarkets Analysis

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