Combined Heat and Power for Commercial Buildings - Fuel Cell, Engine, and Turbine Technologies for Cogeneration in Commercial, Institutional, and Municipal Buildings: Global Market Analysis and Forecasts
Combined Heat and Power for Commercial Buildings - Fuel Cell, Engine, and Turbine Technologies for Cogeneration in Commercial, Institutional, and Municipal Buildings: Global Market Analysis and Forecasts
Commercial combined heat and power (comCHP) systems, which are small to medium
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 building owners 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 comCHP products have been under development for
more than a decade. Today, the market is beginning to gain momentum and an
increasing number of companies are introducing increasingly standardized
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 comCHP systems
and related building efficiency technologies.
This Pike Research report analyzes the global market potential for comCHP
systems for a range of building applications - hospitals, universities,
hotels, casinos, airports, etc. - 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 comCHP systems, the technologies utilized in such
systems, and the key industry players engaged in this market. Worldwide market
forecasts, segmented by region, are provided through 2022 for system
shipments, installed capacity, average installation capacity size, and revenue.
Key Questions Addressed:
What is the size of the global market opportunity for commercial CHP
systems?
Which countries offer the most attractive opportunities for comCHP?
What is the addressable market, in terms of commercial and institutional
building stock, in key countries - and how will this grow?
How will technology improvements, modularization, and standardization
influence average installation size across key regions over the next decade?
What business models are driving comCHP adoption across small commercial,
large commercial, institutional, and municipal applications?
What are the key drivers for comCHP adoption at the building owner,
utility, and government levels?
Who needs this report?
CHP technology vendors and integrators
Fuel cell companies
Natural gas companies
Renewable biogas producers
Utilities
Building owners and managers
Corporate and institutional energy managers
Energy service companies
Government agencies
Investor community
Research Methodology
Pike Research's industry analysts utilize a variety of research sources in
preparing Research Reports. The key component of Pike Research's analysis is
primary research gained from phone and in-person interviews with industry
leaders including executives, engineers, and marketing professionals.
Analysts are diligent in ensuring that they speak with representatives from
every part of the value chain, including but not limited to technology
companies, utilities and other service providers, industry associations,
government agencies, and the investment community.
Additional analysis includes secondary research conducted by Pike Research's
analysts and its staff of research assistants. Where applicable, all
secondary research sources are appropriately cited within the Pike Research's
reports.
These primary and secondary research sources, combined with the analyst's
industry expertise, are synthesized into the qualitative and quantitative
analysis presented in Pike Research's reports. Great care is taken in making
sure that all analysis is well-supported by facts, but where the facts are
unknown and assumptions must be made, analysts document their assumptions and
are prepared to explain their methodology, both within the body of a report
and in direct conversations with clients.
Pike Research, a part of the Navigant Consulting global Energy Practice, is a
market research group whose goal is to present an objective, unbiased view of
market opportunities within its coverage areas. Pike Research is not beholden
to any special interests and is thus able to offer clear, actionable advice to
help clients succeed in the industry, unfettered by technology hype, political
agendas, or emotional factors that are inherent in cleantech markets.
About Pike Research
Pike Research, a part of Navigant Consulting's global Energy Practice, is a
market research and consulting team that provides in-depth analysis of global
clean technology markets. The team's research methodology combines supply-side
industry analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of these
industry sectors.
Table of Contents
Table of Contents
1. Executive Summary
1.1. Overview
1.2. Market Forecast
2. Market Issues
2.1. Introduction to CHP
2.1.1. CHP as a DG Technology
2.1.2. Why CHP?
2.2. Defining the comCHP Market
2.2.1. comCHP Benefits
2.2.2. comCHP Application Groups
2.3. comCHP Market Drivers
2.3.1. Energy Security
2.3.1.1. Security against Blackouts
2.3.1.2. Security against Price Volatility
2.3.2. Energy Supply Diversification
2.3.3. Volatility in the Spark Spread
2.3.3.1. Specific Cost Considerations
2.3.3.2. Natural Gas Prices
2.3.4. Mitigating Building or Facility Operating Costs
2.3.4.1. Avoided Costs
2.3.4.2. Staff Reduction via Outsourcing
2.3.4.3. Added Tenant Service/Rent
2.3.5. Emissions and Emissions Savings
2.3.6. Tariff Issues
2.3.7. Policies and Incentives
2.3.7.1. Financial Incentives
2.3.7.1.1. Feed-in Tariffs
2.3.7.1.2. Renewable Energy Credits
2.3.7.2. Regulations for Utilities
2.3.7.2.1. Renewable Portfolio Standards
2.3.7.2.2. Energy Efficiency Directives
2.3.7.3. Emissions Regulations
2.3.7.4. Research and Development Subsidies
2.3.7.5. Adoption Subsidies
2.3.8. Thermal versus Electrical Output in comCHP
2.3.9. Commercialization Programs
2.4. Market Barriers
2.4.1. Utilities
2.4.2. CHP Costs
2.4.2.1. Installed Cost
2.4.2.2. CAPEX
2.4.2.3. Operation and Maintenance Cost
2.4.2.4. Total Cost of Ownership
2.4.3. Regulations
2.4.3.1. Permitting and Air Quality
2.4.3.2. Environmental Regulations
2.4.3.3. Municipal Regulations
2.4.4. Access to Fuel Sources
2.4.5. Market Immaturity
2.4.5.1. Public Awareness and Acceptance
2.4.5.2. Product Availability
2.4.5.3. Durability and Maintenance
2.4.5.4. Support and Repair Infrastructure
3. Country Profiles
3.1. Introduction
3.2. United States
3.2.1. Overview
3.2.2. Policy Outlook
3.2.3. Overview of Commercial Building Stock
3.3. Germany
3.3.1. Overview
3.3.2. Policy Outlook
3.3.3. Overview of Commercial Building Stock
3.4. United Kingdom
3.5. Denmark
3.6. Russia
3.7. China
3.7.1. Overview
3.7.2. Policy Outlook
3.7.3. Overview of Commercial Building Stock
3.8. Japan
3.8.1. South Korea
4. Technology Issues
4.1. CHP Technical Overview
4.1.1. CHP Efficiency
4.1.1.1. Total CHP Efficiency
4.1.1.2. Effective Electrical Efficiency
4.1.1.3. Power-to-Heat Ratio
4.1.2. CHP Integration
4.1.2.1. Building Integration
4.1.2.2. Grid Interconnection
4.2. CHP Components
4.2.1. Prime mover
4.2.2. Heat Recovery Device
4.2.3. Utility Interface
4.2.4. Controls
4.2.5. Optional Components
4.3. Mechanical Systems
4.3.1. Internal Combustion Engines
4.3.2. Steam and Gas Turbines
4.3.2.1. Combined Cycle Gas Turbines
4.3.2.2. Microturbines
4.3.3. Emerging Mechanical Technologies
4.3.3.1. Reciprocating and Stirling Engines
4.3.3.2. Organic Rankine Cycle (ORC)
4.4. Fuel Cells
4.4.1. Differences among Fuel Cells
4.4.2. Cost of Fuel Cell Systems
4.4.3. Fuel Cells for comCHP
4.5. Feedstocks
4.5.1. Natural Gas
4.5.2. Opportunity Fuels
4.6. Efficiencies and Emissions Profiles
4.7. Complementary Technologies
4.7.1. Chillers
4.7.2. Thermoelectric Generators
4.8. comCHP Innovation
4.8.1. Solar Cogeneration
4.8.2. Smart Energy Building Systems
5. Key Industry Players
5.1. 2G-CENERGY Power Systems Technologies, Inc.
5.2. Ameresco, Inc.
5.3. Capstone Turbine Corporation
5.4. Caterpillar, Inc.
5.5. Cogenra Solar
5.6. Cummins Power Generation
5.7. Dresser-Rand
5.8. ESS
5.9. FlexEnergy, Inc.
5.10. FuelCell Energy
5.11. Fuji Electric
5.12. GE Energy
5.13. Honeywell International
5.14. IntelliGen Power
5.15. Leva Energy
5.16. MTU Onsite Energy
5.17. MWM, GmbH
5.18. Tecogen, Inc.
5.19. UTC Power
5.20. Wartsila
6. Market Forecasts
6.1. Methodology
6.2. Key Flex Points
6.3. Global Building Stock
6.4. Regional Markets
6.4.1. North America
6.4.2. Europe
6.4.3. Asia Pacific
6.5. Market Forecasts by Region
6.5.1. Installed Capacity
6.5.2. System Installments
6.5.3. Average Installation Size
6.6. Market Forecasts by Application Group
6.6.1. Installed Capacity
6.6.2. Growth Rates
6.7. Market Value Forecasts
6.7.1. By Region
6.7.2. By Application Group
7. Company Directory
8. Acronym and Abbreviation List
9. Table of Content
10. Table of Charts and Figures
11. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
comCHP Installed Capacity by Region, World Markets. 2012-2022
Total Primary Energy Demand, World Markets: 1990-2030
Spot Price of Natural Gas by Market, World Markets: 2001-2010
CO2 Emissions with Electricity and Heat Allocated, Consumer Sector: 2008
Share of Installed comCHP Capacity by Application Group, United States:
2011
Commercial Building Stock by Type, United States: 2012-2022
Commercial Building Stock by Type, Germany: 2012-2022
Commercial Building Stock by Type, China: 2012-2022
Raw Biogas Annual Production Capacity by Region, World Markets: 2012-2022
Commercial Building Stock by Type, World Markets: 2012-2022
Commercial Building Stock by Type, Asia Pacific: 2012-2022
comCHP System Installments by Region, World Markets: 2012-2022
Average comCHP Installation Size by Region, World Markets: 2012-2022
Installed comCHP Capacity by Application Group, World Markets: 2012-2022
Installed comCHP Capacity Compound Annual Growth Rates by Region and
Application Group, World Markets: 2012-2022
comCHP Revenue by Region, World Markets: 2012-2022
comCHP Revenue by Application Group, World Markets: 2012-2022
List of Tables
comCHP Installed Capacity by Region, World Markets: 2012-2022
comCHP Application Groups
comCHP Applications by Size
Estimated Losses Per Hour of Grid Failure
State RPS Targets that Include CHP or Waste Heat as Eligible Resource
Total Primary Energy Demand, World Markets: 1990-2030
Spot Price of Natural Gas by Market, World Markets: 2001-2010
CO2 Emissions with Electricity and Heat Allocated, Consumer Sector: 2008
Banding System for CHP and Non-CHP Equivalents
Share of Installed comCHP Capacity by Application Group, United States:
2011
Commercial Building Stock by Type, United States: 2012-2022
Commercial Building Stock by Type, Germany: 2012-2022
Commercial Building Stock by Type, China: 2012-2022
Summary of CHP Technologies
Prime Mover Technology Characteristics
Summary of Fuel Cell Types and Operating Characteristics
Summary of Efficiencies and Emissions Profiles by Technology
Raw Biogas Annual Production Capacity by Region, World Markets: 2012-2022
Commercial Building Stock by Type, World Markets: 2012-2022
Commercial Building Stock by Type, Asia Pacific: 2012-2022
comCHP Installed Capacity by Region, World Markets: 2012-2022
comCHP System Installments by Region, World Markets: 2012-2022
Average comCHP Installation Size by Region, World Markets: 2012-2022
Installed comCHP Capacity by Application Group, World Markets: 2012-2022
Installed comCHP Capacity Compound Annual Growth Rates by Region and
Application Group, World Markets: 2012-2022
comCHP Revenue by Region, World Markets: 2012-2022
comCHP Revenue by Application Group, World Markets: 2012-2022
Combined Heat and Power for Commercial Buildings - Fuel Cell, Engine, and Turbine Technologies for Cogeneration in Commercial, Institutional, and Municipal Buildings: Global Market Analysis and Forecasts published by Navigant Research (formerly Pike Research) in August 14, 2012. This report consists of 92 Pages and the price starts from US $ 3900.
Press Release
Driven By Low Natural Gas Prices, Combined Heat and Power for Commercial Buildings Will Surpass $11 Billion in Market Value by 2022
August 23rd, 2012
Global Information Inc. would like to present a new market research report, "Combined Heat and Power for Commercial Buildings - Fuel Cell, Engine, and Turbine Technologies for Cogeneration in Commercial, Institutional, and Municipal Buildings: Global Market Analysis and Forecasts" by Navigant Research (formerly Pike Research).
The market for CHP in commercial buildings will grow from $2.2 billion in 2012 to $11.2 billion in 2022.
"Falling natural gas prices in the United States and expanding policy incentives across Asia Pacific and Europe are driving an increase in commercial CHP installations," says senior research analyst Mackinnon Lawrence. "While applications to date have been limited to large facilities, such as hospitals and universities, with near 24/7 thermal and electrical loads, improved economics around smaller installations and advances in prime mover technologies are opening up opportunities across previously untapped segments, including smaller retail, sports clubs, and airports."
Europe is currently the leading market for commercial CHP installations, with North America a close second. Over the next decade, though, according to the report, Asia Pacific will be the hottest market for CHP in commercial buildings, with a compound annual growth rate of nearly 20 percent. Growth rates in Africa and the Middle East will also be high, but these markets will be dwarfed by those in Europe, North America, and Asia Pacific.
