Global Micro CHP Market worth $636 Million in 2016

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MarketsandMarkets Presents
Global Micro CHP Market Annual Sales is Expected
to Increase to 376.2 Million in 2011 and 636
Million in 2016
http//www.marketsandmarkets.com/Market-Reports/mi
cro-chp-market-419.html
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The report Micro Combined Heat Power (CHP)
(Microgeneration) Market by Technology,
Geography, Application, Regulation and Market
Trends (Forecast to 2016), as the name suggests,
defines and segments the global micro CHP market
with analysis and forecasts of sales, selling
prices etc. It also identifies driving and
restraining factors for the market with analysis
of trends, opportunities, and challenges. The
market is segmented and forecasted on the basis
of major geographies North America, Europe, and
Asia-Pacific. The market is further segmented on
the basis of application, geography and
technology. Browse more than 116 market data
tables/figures spread across 264 pages and an
in-depth TOC on Micro Combined Heat Power
(CHP) (Microgeneration) Market by Technology,
Geography, Application, Regulation and Market
Trends (Forecast to 2016) http//www.marketsan
dmarkets.com/Market-Reports/micro-chp-market-419.h
tml Early buyers will receive 10 customization
on this report.
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Micro CHP systems are combined heat and power
machines used mainly in residential and
commercial buildings. These units are used to
generate electricity and heat homes as well as
water. Any unit with an electrical power output
within the range of 0 KW to 5 KW has been
considered a part of micro CHP in this report.
The factors leading to increased interest in the
micro CHP market include supportive government
policies, reduced green house gas emissions,
lower electricity expenses, and availability of
advanced engines. In addition, these units are
the ideal replacement products for the mature
boiler technology. However, the markets
potential is somewhat hindered by high prices of
micro CHP units, consumer and utility resistance,
and infrastructural issues. The value of the
global micro CHP annual sales market was around
320.4 million in 2010. In the years to come, the
worth of annual sales is expected to increase to
376.2 million in 2011 and 636 million in 2016
at a CAGR of 11.1 during the period. New markets
such as North America and selected European
countries are also expected to begin to witness
micro CHP sales by 2016. As economies of scale
are leveraged and the product moves out of the
laboratories and into the mass market, production
costs are expected to fall. Due to the resulting
fall in selling prices, the value market is
expected to grow at a slower rate than the volume
market.
http//www.marketsandmarkets.com/Market-Reports/mi
cro-chp-market-419.html
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The markets expected to register high growth
rates (in terms of value) from 2011 to 2016 are
Canada (36.5), The Netherlands (31.6), U.K.
(25.5), and the U.S. (24.9). However, it must
be noted that the reason for the high growth
rates in most of these countries can be
attributed to very low base numbers. The thermal
and electrical output of these units is designed
to serve residential and commercial buildings
such stand-alone or multifamily homes, and
restaurants. In 2010, the residential sector
accounted for 80 of the annual micro CHP sales.
The commercial sector followed with a 20 share.
http//www.marketsandmarkets.com/Market-Reports/mi
cro-chp-market-419.html
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