Residential combined heat and power (resCHP) systems, which are small distributed energy generation systems that produce electricity while also capturing heat that would otherwise be treated as waste, are garnering increased interest from policy makers, utilities, and homeowners in a growing number of countries. Distributed generation installations have the advantages of going online more quickly than traditional large centralized power stations, reducing demand pressure on the electrical grid, and reducing inefficiencies that are common in centralized power generation, transmission, and distribution. Installations that use CHP technologies have the additional benefit of producing thermal energy that can be used as heat, converted to electricity, or converted to cooling when coupled with an adsorption chiller.
The technologies behind many resCHP products have been under development for more than a decade, however the market is now beginning to gain momentum and an increasing number of companies are introducing commercial products. Driven by concerns about grid reliability, meeting growing demand for electricity, increasing grid efficiency, and reducing greenhouse gas emissions, governments around the world are also focused on increasing subsidies and other incentives for the adoption of resCHP systems.
This Pike Research report analyzes the global market potential for resCHP systems for single-family and multi-family homes using technologies including internal combustion engines, fuel cells, Stirling engines, and Organic Rankine Cycle. The study includes in-depth assessments of leading countries for the manufacture and adoption of resCHP systems, the technologies utilized in such systems, and the key industry players engaged in this market. Regional market forecasts are provided through 2022 for system shipments, installed capacity, and revenue.
Key Questions Addressed:
- What is the size of the market opportunity for resCHP in key countries around the world?
- How will the mix of resCHP technologies change over the next several years?
- Which countries are leading the world in subsidies and incentives for resCHP?
- What is the addressable market, in terms of single-family and multi-unit dwelling housing stock, in key countries – and how will this grow?
- Which companies have commercially available products now, and which are developing products for future introduction?
- Which business models are being developed and utilized in different countries?
- What are the key drivers for resCHP adoption at the homeowner, utility, and government levels?
Who needs this report?
- Residential CHP technology vendors and integrators
- Fuel cell companies
- Natural gas companies
- Utilities
- Government agencies
- Investor community
Table of Contents
1. Executive Summary
1.1 Market Assessment
1.2 Market Forecast
2. Market Issues
2.1 Introduction to CHP
2.2 Introduction to the resCHP Market
2.3 Overview of resCHP Drivers
2.3.1 Spark Spread
2.3.2 Grid Instability
2.3.3 Emissions and Emissions Savings
2.4 resCHP Market Overview
2.4.1 resCHP Market to Date (2009-2011)
2.4.2 Market Share of Leading Companies
2.4.3 Business Models
2.4.4 System Options – Thermal vs. Electrical Output
2.4.5 Subsidies and Incentives
3. Country Profiles
3.1 Introduction
3.2 United Kingdom
3.2.1 Policy
3.2.1.1 Feed-in Tariff
3.2.1.2 The U.K. Microgeneration Strategy
3.2.2 Overview of Housing Stock
3.3 Denmark
3.3.1 Policy
3.3.2 Danish Fuel Cell Partnership
3.3.3 Overview of Housing Stock
3.4 Germany
3.4.1 Policy
3.4.2 resCHP Programs
3.4.2.1 The Original Mikro-KWK-Anlagen
3.4.2.2 Callux Program
3.4.3 Overview of Housing Stock
3.5 United States
3.5.1 California
3.5.2 Overview of Housing Stock
3.6 South Korea
3.6.1 Policy
3.6.2 Housing Stock
3.7 Japan
3.7.1 Policy
3.7.2 ENE-FARM Program
3.7.2.1 Program Overview
3.7.2.2 2011 Subsidiary Programs in Japan
3.7.3 Housing Stock
3.8 Australia
3.8.1 Policy
3.8.2 Smart Grid, Smart City Project
3.8.3 Housing Stock
3.9 New Zealand
3.9.1 Policy
3.9.2 Housing Stock
4. Assessment of Country Positioning
4.1 Introduction
4.2 Overview of Methodology
4.3 The Pike Pulse Country Ranking
4.4 Country Profiles
4.4.1 Leaders
4.4.2 Contenders
4.4.2.1 Germany
4.4.2.2 Japan
4.4.2.3 South Korea
4.4.2.4 Denmark
4.4.2.5 United Kingdom
4.4.2.6 Australia
4.4.3 Challengers
4.4.3.1 United States
4.4.3.2 Canada
4.4.3.3 New Zealand
5. Technology Issues
5.1 Technology Options
5.2 Mechanical Systems
5.3 Fuel Cells
5.3.1 How Fuel Cells Work
5.3.2 Differences between Fuel Cells
5.3.3 Cost of Fuel Cell Systems
5.3.4 Fuel Cells for Combined Heat and Power
5.3.4.1 Polymer Electrolyte Membrane Fuel Cells
5.3.4.2 Solid Oxide Fuel Cells
6. Key Industry Players
6.1 Introduction
6.2 Baxi Group
6.3 Baxi Innotech
6.4 Ceramic Fuel Cells Ltd.
6.5 Ceres Power
6.6 ClearEdge Power
6.7 Dantherm Power
6.8 ENEOS CELLTECH
6.9 GS Caltex
6.10 Hexis
6.11 Honda
6.12 Intelligent Energy
6.13 LichtBlick
6.14 Marathon Engine Systems Inc
6.15 Panasonic
6.16 Topsoe Fuel Cell
6.17 Toshiba Fuel Cell Power Systems
6.18 Trenergi
6.19 Vaillant Group
6.20 Whisper Tech
7. Market Forecasts
7.1 Introduction
7.2 Adoption by Dwelling Type, Technology, and New Installed Capacity
7.3 Adoption and Revenue by Region
7.4 Comparison with CHP-11 Forecast
8. Company Directory
9. Acronym and Abbreviation List
10. Table of Contents
11. Table of Charts and Figures
12. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Pike Pulse Country Grid: Assessment of Lead Countries for the Manufacture and Adoption of resCHP Systems: 2012
- Individual Home and Multi-Family Home resCHP System Adoption, World Markets: 2010-2022
- Residential Spark Spread for Selected Countries: 2002-2010
- State-by-State Grid Outages, United States: 2010
- Power Outages by Month and Frequency of Outage, United Kingdom: 2009
- resCHP Systems Shipped, World Markets: 2009-2011
- resCHP Units Shipped, by Technology, World Markets: 2009-2011
- Market Share of Major resCHP Manufacturers: 2011
- Companies with a Commercially Available resCHP Product, World Markets: 2011
- Residential Building Stock, United Kingdom: 2010-2020
- Residential Building Stock, Denmark: 2010-2020
- Residential Building Stock, Germany: 2010-2020
- Residential Building Stock, United States: 2010-2020
- Residential Building Stock, South Korea: 2010-2020
- resCHP Fuel Cell Systems Installed in Japan: 2002-2011
- Residential Building Stock, Japan: 2010-2020
- Housing Stock Growth by Territories, Australia: 2010-2020
- Housing Broken Down by Housing Type, Australia: 2009
- Annual New Homes by Territories, New Zealand: 2010-2020
- Total Housing Stock Across Selected Countries: 2010-2020
- Pike Pulse Country Grid: Assessment of Lead Countries for the Manufacture and Adoption of resCHP Systems: 2012
- Manufacture & Adoption Scores, Germany: 2012
- Manufacture and Adoption Scores, Japan: 2012
- Manufacture and Adoption Scores, South Korea: 2012
- Manufacture and Adoption Scores, Denmark: 2012
- Manufacture and Adoption Scores, United Kingdom: 2012
- Manufacture and Adoption Scores, Australia: 2012
- Manufacture and Adoption Scores, United States: 2012
- Manufacture and Adoption Scores, Canada: 2012
- Manufacture and Adoption Scores, New Zealand: 2012
- Individual Home and Multi-Family Home resCHP Adoption, World Markets: 2010-2022
- resCHP Adoption by Technology Type, World Markets: 2010-2022
- MWs Installed by Technology Type of resCHP, World Markets: 2010-2022
- resCHP Revenue Generated by Region of Manufacture, World Markets: 2010-2022
- resCHP Adoption by Region, World Markets: 2010-2022
- resCHP Adoption by Key Countries: 2012-2022
- resCHP 2012 & CHP 2011 Forecast Comparison, World Markets: 2011-2022
- CO2 Emissions with Electricity and Heat Allocated to Consuming Sectors: 2008
- Danish Micro CHP Demonstration Project
- Residential CHP Development Map of the German National Development Plan
- ENE-FARM Projected Cost-Down Curve
List of Tables
- Residential CHP Systems, with Output, Where Available
- Residential Spark Spread for Selected Countries: 2002-2010
- Residential CHP Systems, with Output, Where Available
- Renewable Energy Policies and Incentives, World Markets: 2011
- Number of Power Outages per Month, United Kingdom: 2009
- Number of resCHP Systems Shipped, World Markets: 2009-2011
- Companies with a Commercially Available resCHP Product, World Markets: 2011
- Subsidy Levels in the Original German Small CHP Impulse Program
- Stationary Fuel Cell Monitoring Project (PEMFCs), South Korea
- One Million Green Homes Project, South Korea
- Residential Building Stock, United Kingdom: 2010-2020
- Residential Building Stock, Denmark: 2010-2020
- Residential Building Stock, Germany: 2010-2020
- Residential Building Stock, United States: 2010-2020
- Housing Statistics for the Four Most Populated States, United States: 2010
- Residential Building Stock, Canada: 2010-2020
- Residential Building Stock, South Korea: 2010-2020
- Residential Building Stock, Japan: 2010-2020
- Housing Stock Growth by Territories, Australia: 2010-2020
- Growth in Housing Stock by Dwelling Type, Australia: 2009-2029
- Housing by Housing Type, Australia: 2009
- New Homes by Territories, New Zealand: 2010-2020
- Single Family Housing Stock Totals by Selected Countries: 2010-2020
- Multi-Unit Housing Stock Totals by Selected Countries: 2010-2020
- Total Housing Stock by Selected Countries: 2010-2020
- Pike Pulse Country Scores: 2012
- Country Scores: 2012
- Country Scores on Manufacture Criteria: 2012
- Country Scores on Adoption Criteria: 2012
- MWs Installed by Technology Type of resCHP, World Markets: 2010-2022
- resCHP Adoption by Key Countries, World Markets: 2012-2022
- resCHP Adoption by Technology Type, World Markets: 2010-2022
- Individual Home and Multi-Family Home resCHP Adoption, World Markets: 2010-2022
- resCHP 2012 and CHP 2011 Forecast Comparison, World Markets: 2011-2022
- resCHP Revenue Generated by Region of Manufacture, World Markets: 2010-2022
- resCHP Adoption by Region, World Markets: 2010-2022