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Global Fuel Cell Market For CHP Applications to grow at a CAGR of 24.96% during 2016-2020

Press Release   •   Jan 23, 2017 04:39 EST

About CHP Applications

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.

Technavios analysts forecast the global fuel cell market for CHP applications to grow at a CAGR of 24.96% during the period 2016-2020.

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.

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




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.

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Key vendors

ACAL Energy

Bloom Energy

FuelCell Energy


Other prominent vendors

Aisin Seiki

Baxi (BDR Thermea)

Ceres Power

Doosan Fuel Cell


ENEOS Celltech (JX Nippon Oil & Energy)


Haldor Topse







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?