Pike Research predicts 13.5 million homes will have CHP systems worldwide by 2022.
Only 61,000 systems shipped globally in 2011 – a number that will increase by 50% in 2012. According to a recent report from Pike Research, a part of Navigant’s Energy Practice, the total number of installed resCHP systems, in both single-family and multi-family homes, will reach 13.5 million by 2022.
Germany and Japan, countries where the central governments have enacted strong policies favoring the adoption of resCHP technology, lead the world in terms of manufacture and adoption of these systems, according to the research report.
The report, “Residential Combined Heat and Power”, 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.
An Executive Summary of the report is available for free download on the Pike Research website.
For more CHP news