Albany, NY — (PRESS RELEASE JET) — 09/15/2017 — The global fuel cell market for CHP applications to grow at a CAGR of 24.96% during the period 2016-2020.

A CHP system involves the simultaneous production of electricity and usable heat from a power plant or heat engine in a single, highly efficient process. It captures the energy produced during power generation and puts it to use for commercial and residential heat production. CHP technology is both cost-effective and environment-friendly. A commercial facility can use CHP to provide both heat and power through a single energy-efficient step, instead of purchasing electricity from utilities and separately producing thermal energy from onsite furnaces. CHP technology helps in preventing power losses during transmission and distribution of electricity through national grids or local distribution networks.

Covered in this report

The report covers the present scenario and the growth prospects of the global fuel cell market for CHP applications for 2016-2020. To calculate the market size, the report considers the revenue generated from the sale of the FC-CHP products in the market.

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The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio’s report, Global Fuel Cell Market for CHP Applications 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ACAL Energy
Bloom Energy
FuelCell Energy
Viessmann

Other prominent vendors
Aisin Seiki
Baxi (BDR Thermea)
Ceres Power
Doosan Fuel Cell
Elcore
ENEOS Celltech (JX Nippon Oil & Energy)
EnerFuel
Haldor Topse
HEXIS
Kyocera
Panasonic
SOLIDpower
Toshiba
Vaillant

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Market driver
Increasing demand for efficient and cleaner technologies.
For a full, detailed list, view our report

Market challenge
Uncertainties associated with low crude oil prices.
For a full, detailed list, view our report

Market trend
Increase in R&D investments and activities.
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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