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New study on Micro Combined Heat and Power Market, Growth, Technology and Top key vendors|2G Energy AG, VIESSMANN Manufacturing Company Inc., General Electric, Siemens, Veolia, Vaillant, Micro Turbine Technology, TEDOM, Samad Power
Micro combined heat and power market is earmarked to experience a substantial growth spur over the forthcoming timeframe. Micro combined heat and power is a technology that generates both heat and electricity simultaneously using the same energy source, in buildings or individual homes. The key output of micro-CHP is usually heat with generation of electricity, at a ratio of 6:1 for domestic appliances.
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Top key vendors|2G Energy AG, VIESSMANN Manufacturing Company Inc., General Electric, Siemens, Veolia, Vaillant, Micro Turbine Technology, TEDOM, Samad Power
The size and shape of micro-CHP systems are similar to domestic boilers and could be wall hung or floor standing just like domestic boilers. There are three main technologies of micro-CHP namely, Stirling engine micro-CHP, fuel cell CHP technology, and internal combustion engine CHP. The CHP technology could be deployed quickly with few geographic limitations. The key application areas are industrial, institutional and large commercial sectors.
Factors such as low carbon emissions, easy installation, reduced energy cost, cost-effective performance are seen to be driving the market growth. Domestic micro combined heat and power are presently powered by LPG or main gas. The technology still is considered to be a low carbon technology since it could be more efficient than just burning a fossil fuel for heat as well as by getting electricity from the national grid.
With respect to capacity, the market is classified into < 2kW, 2 ? 10kW, and > 10 ? 50kW. Among these, the growing demand for energy efficient, reliable, and continuous < 2kW power supply to provide space heating, hot water and electricity across single & multi-family has increased the product penetration of
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