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Global Combined Heat and Power (CHP) Market

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SOURCE ReportBuyer

LONDON, Feb. 5, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Global Combined Heat and Power (CHP) Market

Increasing Power Generation Costs and Electricity Price Prompt Countries to Pursue CHP Deployment

This research service covers the current state and future potential of the global combined heat and power (CHP) market. The study covers Europe, North America, and Asia-Pacific region. It provides an in-depth analysis of the drivers, restraints, and their impacts during the forecast period. The application type covered in this study includes residential, commercial, industrial, and institutional. All forecasts are provided region-wise. Power output capacity covered in the study include below 10 kW, 10 kW–100 kW, 100 kW–1MW, and above 1 MW. Prime movers below 10 kW and between 10 kW and 100 kW are also covered for the entire study period. The forecast period is from 2013 to 2017.

Executive Summary

• In 2012, Germany and Italy led the combined heat and power (CHP) market in Europe; Japan and South Korea were market leaders in the Asia-Pacific (APAC) region; and the United States led CHP market in North America. These countries are expected to continue their dominance during the forecast period.
• The above XMW capacity output segment held a share of X% in the global market and was estimated to be the largest revenue contributor in 2012. This was followed by the less than Xkilowatt (kW) segment with X%, theX kW to X megawatt (MW) segment with X%, and the X kW– kW withX% market share.
• In terms of prime movers, in the less than X kW capacity, fuel cells comprising of polymer electrolyte membrane fuel cell (PEMF) and solid oxide fuel cell (SOFC) was the largest revenue contributor in 2012 with X% of the global market share. This was followed by the Internal Combustion Engine with X% and the Stirling Engine with X%.
• Between X kW and X kW capacity segment, gas engine was the largest revenue contributor with X%, followed by diesel engine with X%, fuel cells with X%, and micro turbine with X%.
• In terms of application, industrial segment was the largest revenue contributor in the global CHP market with X%, followed by the institutional segment with X%, the residential segment with X%, and the commercial segment with X% in 2012.
• The European Union (EU) cogeneration directive, repowering programs of old power plants, financial incentives and emission credits, and reduced dependency on the grid and savings on energy bills are the major drivers for the growth of CHP in the European market.
• Regulatory policies, end-user demand for higher efficiency, and increase in the price of electricity are the major factors driving growth and investment in the CHP market in North America.
• Growing demand for onsite power generation, need for higher energy efficiency in industries, need for energy saving for customers, and easy availability of fuel are the factors driving demand for CHP in the Asia-Pacific region.

CEO's Perspective

1. Growing demand for onsite power generation makes CHP the most suitable distributed power generation technology for industries and commercial enterprises. This is because CHP not only generates onsite power but also satisfies the heating and cooling requirements at reasonable costs.
2. Increasing prices of fuel, such as natural gas and coal, has made customers shift towards new power-generation technologies such as CHP that increases efficiency and minimises the costs.
3. It is estimated that with recurrent increase in the cost of electricity, micro-CHP can ideally help a consumer to save about X% on their electricity bills.
4. Large customer groups in the industrial and commercial segment are moving towards greater use of CHP technology, which would pave way for significant market growth globally by 2017.
5. Grid interconnection issue with the utilities act as a major restraint in the adoption of CHP plants globally.

Market Overview-Specific Exclusions

• The study includes an in-depth analysis of the CHP market with focus on prime movers, output capacity types, and applications. It covers the key market forces such as drivers and restraints to evaluate their influences on market growth.
• Prime movers revenue and unit split are not calculated for X kW– MW and above 1 MW capacity types as they do not fall under the scope of the study.

Key Questions This Study Will Answer

Is the market growing, how long will it continue to grow, and at what rate?
Are the existing competitors structured correctly to meet customer needs?
Which country of the market is attractive for OEMs/distributors?
How will the structure of the market change with time?
Are the services offered today meeting customer needs, or is additional development needed?
What new trends in the market can be expected by 2020?

Table of Contents

1. Executive Summary
2. Market Overview
3. Total CHP Market
• External Challenges: Drivers and Restraints
• Forecast and Trends
• Competitive Analysis
4. Europe Breakdown
5. North America Breakdown
6. Asia-Pacific Breakdown
7. The Last Word
8. Appendix

Read the full report:
Global Combined Heat and Power (CHP) Market
http://www.reportbuyer.com/energy_utilities/electricity/global_combined_heat_power_chp_market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Electric_power_energy

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

©2012 PR Newswire. All Rights Reserved.

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