A micro CHP system is about the size of a major appliance with a capacity ranging from 1 kW to 6 kW and produces electricity as well as heat using generally natural gas as fuel. Micro CHP systems are extremely efficient with combined heat and power generating efficiency of approximately 90 percent. The small engines used in a micro CHP system burn fuel cleanly, providing reliable power and emitting less greenhouse gases compared with the grid. One micro CHP unit claims to produce less CO and nitrous oxides than a single burner on a kitchen gas range. The heat produced is used to meet the water and space heating needs of a building or home. Moreover, it also reduces the load on the grid and reduces transmission and distribution losses. A micro CHP system can be designed to generate heat with electricity as a by-product or produce electricity with heat as a by-product.
The Global Micro CHP market is expected to witness a significant growth during the period 2014-2018. In 2013, the market was dominated by the APAC, followed by the EMEA region and the Americas. The overall market is expected to grow at a CAGR of 37.7 percent during the forecast period.
The Global Micro CHP market can be segmented into five divisions based on technology: ICE, ORC, PEMFC, SE, and SOFC.
The report, the Global Micro CHP Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA, and APAC regions; it also covers the Global Micro CHP market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The increased contribution from micro-CHP systems toward smart energy is one of the key trends in the market. The micro-CHP systems are providing grid independence to consumers and, hence, improving grid stability and efficiency. This, ultimately, will lead to smart energy improvement.
According to the report, increased government support for micro-CHP systems is one of the major drivers in the market. The governments in many countries, such as Japan and Germany, have acknowledged the advantages of the micro-CHP technology, which results in high market growth in these countries. Other countries, such as the UK and the US, are gradually framing supporting policies, which are expected to boost the market.
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
06. Market Landscape
07. Market Segmentation by Technology
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series
- BDR Thermea Group
- Honda Motors
- Viessmann Group
- Acumentrics Corporation
- Ceramic Fuel Cells
- Ceres Power Holdings
- Clearedge Power
- COGEN Microsystems
- Dantherm Power and Energetix Group
For more information visit http://www.researchandmarkets.com/research/c89thj/global_microchp
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SOURCE Research and Markets