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Assessment of Opportunities in European Micro CHP Markets
Frost & Sullivan, May 2009, Pages: 113
Looming Economic and Energy Crisis Paves Way for Micro Combined Heat and Power Markets
The high cost of electricity and the pressing need for alternate power sources have forced industries to examine micro combined heat and power (CHP) technology as an option. The ability to produce both heat and electricity has opened up new avenues and market opportunities for micro CHP.
“Micro CHP is all set to lead from the front in the race for the ideal heating technology,” notes the analyst of this research . “Cogeneration is set to become the norm wherein consumers get a dual benefit of heat and electricity through these devices.” Owing to the increasing cost of electricity and natural gas, micro CHP is being considered as the ideal alternative, especially for the residential heating market.
However, micro CHP is a relatively nascent technology and its need has not been completely understood by consumers. Penetrating the heating market, which is currently dominated by condensing boilers, will be a difficult task owing to the high replacement cost. “The heating market is largely dominated by traditional condensing boilers,” explains the analyst. “One of the best ways to achieve product differentiation will be to offer the additional benefit of electricity generation, which constitutes a major value-add.”
Since the market is still embryonic, it offers ample opportunities for market participants. Aggressive promotion by the industry coupled with government support in the form of tax exemptions or subsidies will strengthen market prospects. “Due to the recession, however, a question mark hovers over how and whether there will be continued government support for this industry,” comments the analyst. “For this emergent market to survive, manufacturers have to ensure they can offer a technological guarantee within the next five years.”
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research:
- Internal combustion engine-based micro CHP
- External combustion engine-based micro CHP
- Fuel cell-based micro CHP
- Technologies
The following technologies are covered in this research:
- Internal combustion engines
- Stirling engines
- Fuel cells
This Frost & Sullivan research service titled Assessment of Opportunities in European Micro CHP Markets provides an insight on market dynamics, including key market drivers, restraints and industry challenges. Revenue forecasts and unit shipments from 2005 to 2015 are also provided. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: internal and external combustion engine-based and fuel cell-based micro CHP systems.
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