Report Title:
Micro Combined Heat & Power (Micro CHP) Market by Type (Engine, Fuel Cell), Technology (Internal Combustion Engine, Rankine Cycle Engine, Stirling Engine, PEMFC, SOFC), Application (Residential, Commercial), & Region - Global Forecast to 2020 Published On: December 2016
Category: Energy and Natural Resources
Pages: 136
Report Overview: “Rise in autonomous heat & electricity generation boosts the market for Micro CHP” The global Micro CHP market is expected to reach a size of USD 4.44 billion by 2020, at a CAGR of 14.2% from 2015 to 2020. Micro CHP technology enables decentralization of energy generation. With the increasing trend of independent heat & electricity generation, the demand for Micro CHP is on the rise in countries such as Germany, the U.K., the U.S. and Japan. Government supported policies, subsidies, high electricity prices, and concern over reducing carbon footprint in the Asia-Pacific, are driving the demand of micro CHP in the region. Japan is dependent on primary energy imports, energy efficiency benefits achieved by micro CHP systems are very valuable, and are driving the demand for residential micro CHP systems in the country. “Fuel cell-based micro CHP dominate the global market” Fuel cell-based micro CHP held the largest market share in the global micro CHP market in 2014. It continues to hold the highest position during the forecast period, due to the focus on renewable energy generation and reduction in carbon emissions. Fuel cell-based micro CHP systems are also being developed for automotive applications and historically adopted among the majority of other micro CHP systems. North America: The fastest growing region in the micro CHP market In North American countries, namely the U.S. and Canada, the fast growth of micro CHP market is attributed to countries that experience long and cold winters, which require micro CHP units as a heat led product, along with electricity. Canada appears to hold great potential for as a market for micro CHPs however these activities are currently limited to the laboratory and field tests. In near future, there will be an increase in demand for residential micro CHP systems in the region due to the favorable government policies in the U.S. and focus on the reduction of greenhouse gases.
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Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain and verify critical qualitative and quantitative information as well as assess future market prospects. Distribution of primary interviews is as follows: By Company Type: Tier 1- 35%, Tier 2-45%, and Tier 3-20% By Designation: C-Level-35%, Director Level-25%, and Others*-40% By Region: North America-10%, Europe-35%, Asia-Pacific-55% Note:*Others include product managers, marketing managers, and sales managers The tier for companies has been defined on the basis of their total revenue, as of 2013: Tier-1 = >USD 5 billion, Tier-2 = USD 1 billion to USD 5 billion, and Tier-3 =
Table of Contents: TABLE OF CONTENTS
1 INTRODUCTION 12 1.1 OBJECTIVES OF THE STUDY 12 1.2 MARKET DEFINITION 12 1.3 MARKET SCOPE 13 1.3.1 MARKETS COVERED 13 1.3.2 YEARS CONSIDERED FOR THE STUDY 14 1.4 CURRENCY 14 1.5 LIMITATIONS 14 1.6 STAKEHOLDERS 15 2 RESEARCH METHODOLOGY 16
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2.1 RESEARCH DATA 17 2.1.1 SECONDARY DATA 17 2.1.2 PRIMARY DATA 18 2.1.2.1 Key Data from Primary Sources 18 2.1.2.2 Key Industry Insights 19 2.1.2.3 Breakdown of Primary Interviews 20 2.2 MARKET SIZE ESTIMATION 20 2.3 MARKET BREAKDOWN & DATA TRIANGULATION 23 2.4 RESEARCH ASSUMPTIONS 24 3 EXECUTIVE SUMMARY 25 4 PREMIUM INSIGHTS 29 4.1 ATTRACTIVE MARKET OPPORTUNITIES FOR MICRO CHP 29 4.2 SOFC TECHNOLOGY SEGMENT LED THE MARKET IN 2014 30 4.3 ASIA-PACIFIC ACCOUNTED FOR THE LARGEST MARKET FOR MICRO CHP IN 2014 31 4.4 ASIA-PACIFIC DOMINATED THE MICRO CHP MARKET IN 2014 32 4.5 FUEL CELL-BASED MICRO CHP DOMINATED THE GLOBAL MICRO CHP MARKET 33 4.6 MICRO CHP MARKET TREND, BY APPLICATION 34 4.7 LIFE CYCLE ANALYSIS, BY REGION 35 5 MARKET OVERVIEW 36 5.1 INTRODUCTION 37 5.2 CLASSIFICATION OF COMBINED HEAT & POWER 38 5.2.1 ON THE BASIS OF END-USER 38 5.2.1.1 Industrial CHP 38
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5.2.1.2 CHP with District Heating (Tele Heating) 38 5.2.1.3 Combined Cooling , Heating, & Power (CCHP or Tri-generation) 38 5.2.1.4 Packaged & Mini CHP 38 5.2.1.5 Micro CHP 38 5.3 MARKET SEGMENTATION 39 5.4 MARKET DYNAMICS 40 5.4.1 DRIVERS 40 5.4.1.1 Autonomous Heat & Electricity Generation 40 5.4.1.2 Progressive Government Support (Subsidies & Policies) 42 5.4.1.3 Reduction in Carbon Footprint 42 5.4.2 RESTRAINTS 43 5.4.2.1 High Price of Micro CHP Units 43 5.4.2.2 Consumer Utility and Assistance 43 5.4.2.3 Infrastructural Hurdles 44 5.4.3 OPPORTUNITIES 44 5.4.3.1 Absolute Substitute of Heating Boilers 44 5.4.3.2 Residential/Commercial Construction Market 45 5.4.4 CHALLENGES 45 5.4.4.1 Low Price Of Natural Gas in Europe And Other Regions 45 6 VALUE CHAIN ANALYSIS 46 6.1.1 COMPONENT MANUFACTURER 46 6.1.2 MICRO CHP UNIT MANUFACTURER 46 6.1.3 MICRO CHP UNIT DISTRIBUTOR/MARKETER 47
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6.1.4 MICRO CHP UNIT INSTALLER 47 6.1.5 RESIDENTIAL/COMMERCIAL CUSTOMER 47 6.1.6 FUEL SUPPLIER 47 6.1.7 AFTER-SALES SERVICE 47 6.1.8 POSSIBLE SALE OF ELECTRICITY TO THE GRID 47 6.2 PORTER’S FIVE FORCES ANALYSIS 48 6.2.1 THREAT OF SUBSTITUTES 48 6.2.2 BARGAINING POWER OF BUYERS 49 6.2.3 BARGAINING POWER OF SUPPLIERS 50 6.2.4 THREAT OF NEW ENTRANTS 50 6.2.5 INTENSITY OF COMPETITIVE RIVALRY 51 7 MICRO CHP MARKET, BY TYPE 52 7.1 INTRODUCTION 53 7.2 ENGINE-BASED 54 7.3 FUEL CELL-BASED 55
8 MICRO CHP MARKET, BY TECHNOLOGY 56 8.1 INTRODUCTION 57 8.2 INTERNAL COMBUSTION ENGINE 60 8.3 PEMFC 61 8.4 RANKINE CYCLE ENGINE 62 8.5 STIRLING ENGINE 63 8.6 SOFC 64
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9 MICRO CHP MARKET, BY APPLICATION 66 9.1 INTRODUCTION 67 9.2 RESIDENTIAL 68 9.3 COMMERCIAL 70 10 MICRO CHP MARKET, BY REGION 71 10.1 INTRODUCTION 72 10.2 ASIA-PACIFIC 73 10.2.1 BY TYPE 75 10.2.2 BY TECHNOLOGY 77 10.2.3 BY APPLICATION 78 10.3 EUROPE 79 10.3.1 BY TYPE 82 10.3.2 BY TECHNOLOGY 84 10.3.3 BY APPLICATION 85 10.4 NORTH AMERICA 86 10.4.1 BY TYPE 87 10.4.2 BY TECHNOLOGY 89 10.4.3 BY APPLICATION 90 11 COMPETITIVE LANDSCAPE 92 11.1 OVERVIEW 92 11.2 COMPETITIVE SITUATION & TRENDS 93 11.2.1 CONTRACTS & AGREEMENTS 95 11.2.2 NEW PRODUCT/SERVICE/TECHNOLOGY LAUNCH 96
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11.2.3 EXPANSIONS 97 11.2.4 MERGERS & ACQUISITIONS 98
12 COMPANY PROFILES 99 (Company at a Glance, Business Overview, Products Portfolio, Key Strategy, Recent Developments, SWOT Analysis & MNM View)* 12.1 INTRODUCTION 99 12.2 HONDA POWER 100 12.3 BDR THERMEA GROUP 103 12.4 VIESSMANN GROUP 105 12.5 YANMAR HOLDINGS CO. LTD. 108 12.6 VAILLANT GROUP 111 12.7 ENER-G COGEN INTERNATIONAL 114 12.8 CERES POWER HOLDINGS PLC 116 12.9 QNERGY 118 12.10 TOPSOE FUEL CELL 119 12.11 WHISPER TECH LIMITED 120 12.12 DANTHERM POWER 121 12.13 SOLID POWER 123 12.14 AISIN GROUP 125 *Details on company at a glance, recent financials, Products offered, strategies & insights, & recent developments might not be captured in case of unlisted companies. 13 APPENDIX 127 13.1 INSIGHTS OF INDUSTRY EXPERTS 127
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13.2 DISCUSSION GUIDE 128 13.3 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE 131 13.4 AVAILABLE CUSTOMIZATIONS 133 13.5 RELATED REPORTS 134
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