Dallas, TX -- (SBWIRE) -- 09/23/2014 -- The micro CHP market is expected to grow from $902.9 million in 2012 to $3,506.2 million by 2019, at a CAGR of 20.2% from 2014 to 2019. Currently, residential micro CHP represents 76% of the total market share in terms of global micro CHP sales, followed by commercial at 24%. Among various regions of the micro CHP market, Asia-Pacific remains the dominant market.

The major factors driving the micro CHP market include the need for low carbon emission technologies, its easy installation, and cost-effective performance over other low carbon emission technologies, and reducing electricity expenses along with, being an ideal product for boiler replacement.

The increase in energy demand and the depletion of conventional sources of energy have raised the importance of renewable sources. Currently, governments are allocating funds to various leading micro CHP companies to incentivize the development of new technologies. Recently, various new small size heat engines have been developed to facilitate the progress to micro-CHP systems. A micro CHP system reduces demands on transmission and distribution systems, enhances the availability of electricity and heat for consumers, and encourages consumer engagement with energy efficient technologies, among others.

Previously, the internal combustion engine technology held the major market share as most micro CHP systems installed were based on this technology. However, currently, SOFC and PEMFC hold the maximum market share.

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The energy scenario is changing throughout the world and governments globally, are making an attempt to make cost-effective use of existing resources along with, enabling the emergence of a low carbon economy. Micro CHP is a cost-effective and flexible low carbon solution that generates heat and electricity to potentially achieve lower carbon emissions as compared to any other conventional heating systems and grid electricity. This system can be used for both residential and commercial purposes. Domestic micro CHP is mainly powered by gas or LPG.

Important technologies of micro CHP systems are as follows:

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

The major players in micro CHP market include Honda Power (Japan), BDR Thermea Group (The Netherlands), E.ON (Germany), Yanmar Co. Ltd. (Japan), The Viessmann Group (Germany), Vaillant (Germany), Ceramic Fuel Cells Limited (Australia), Marathon Engine Systems (U.S.), Flow Group (U.K.), Whisper Tech. (New Zealand), Topsoe Fuel Cell (Denmark), Qnergy (Israel), Cogen Microsystems (Australia), Microgen Engine Corporation Holding B.V. (The Netherlands), ENER-G (U.K) , Senertec Kraft Warme Energiesystems GMBH (Germany), Dantherm Power (Denmark), and Ceres Power Holdings Plc. (U.K.).

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Table of Contents for “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)” research report includes:

1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Micro CHP Market, By Application
8 Global Micro CHP Market, By Technology
9 Micro CHP Sales, By Geography
10 Competitive Landscape
11 Company Profiles

List of 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

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