Global Fuel Cell Market for CHP Applications 2016-2020

  • ID: 3985293
  • Report
  • Region: Global
  • 82 pages
  • TechNavio
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FEATURED COMPANIES

  • ACAL Energy
  • Baxi (BDR Thermea)
  • Ceres Power
  • Elcore
  • FuelCell Energy
  • HEXIS
  • MORE
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.

The 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:

- Americas
- APAC
- EMEA

The 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 Topsøe
- HEXIS
- Kyocera
- Panasonic
- SOLIDpower
- Toshiba
- Vaillant

Market drivers
- Increasing demand for efficient and cleaner technologies.
- For a full, detailed list, view the full report

Market challenges
- Uncertainties associated with low crude oil prices.
- For a full, detailed list, view the full report

Market trends
- Increase in R&D investments and activities.
- For a full, detailed list, view the full 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?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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FEATURED COMPANIES

  • ACAL Energy
  • Baxi (BDR Thermea)
  • Ceres Power
  • Elcore
  • FuelCell Energy
  • HEXIS
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Market segmentation by application
  • Global fuel cell market for CHP applications by application 2015-2020
  • Global fuel cell market for CHP applications in non-residential sector
  • Global fuel cell market for CHP applications in residential sector
Part 07: Market segmentation by product type
  • Global fuel cell market for CHP applications by product type 2015-2020
  • Global fuel cell market for CHP applications by PEMFC
  • Global fuel cell market for CHP applications by MCFC
  • Global fuel cell market for CHP applications by SOFC
  • Global fuel cell market for CHP applications by PAFC
Part 08: Geographical segmentation
  • Global fuel cell market for CHP applications by geography 2015-2020
  • Fuel cell market for CHP applications in APAC
  • Fuel cell market for CHP applications in Americas
  • Fuel cell market for CHP applications in EMEA
Part 09: Key leading countries

Part 10: Market drivers
  • Increasing demand for efficient and cleaner technologies
  • Rising adoption of fuel cell products
  • Growing government incentives for FC-CHPs
Part 11: Impact of drivers

Part 12: Market challenges
  • Competition from alternative technologies
  • Uncertainties associated with low crude oil prices
  • End of subsidies will raise fuel cell costs
Part 13: Impact of drivers and challenges

Part 14: Market trends
  • Increase in M&A in fuel cell industry
  • Reduction in prices of FC-CHPs
  • Increase in R&D investments and activities
Part 15: Vendor landscape
  • Competitive scenario
  • Other prominent vendors
Part 16: Key vendor analysis
  • ACAL Energy
  • Bloom Energy
  • FuelCell Energy
  • Viessmann
Part 17: Appendix
  • List of abbreviations
Part 18: About the Author

List of Exhibits

Exhibit 01: Types of FC-CHP by technology
Exhibit 02: Types of fuel cells by end-user applications
Exhibit 03: Major countries in each region
Exhibit 04: Key product offerings
Exhibit 05: Market overview
Exhibit 06: Comparison of fuel cell technologies
Exhibit 07: Fuel cell applications
Exhibit 08: Types of SOFCs
Exhibit 09: Schematic diagram of SOFC
Exhibit 10: Global fuel cell market for CHP applications 2015-2020 (MW shipments)
Exhibit 11: FC-CHP classification
Exhibit 12: Five forces analysis
Exhibit 13: Global fuel cell market for CHP applications by application 2015-2020 (%)
Exhibit 14: Global fuel cell market for CHP applications by application 2015-2020 (MW shipments)
Exhibit 15: Global fuel cell market for CHP applications in non-residential sector 2015-2020 (MW shipments)
Exhibit 16: Typical CHP models used in commercial and industrial applications
Exhibit 17: Typical industrial applications using FC-CHP systems
Exhibit 18: Incentives for CHP systems as per SGIP 2016
Exhibit 19: Global fuel cell market for CHP applications in residential sector 2015-2020 (MW shipments)
Exhibit 20: Energy uses in typical homes in various countries 2015 (%)
Exhibit 21: Residential fuel cells installed under ENE-FARM project in Japan 2009-2015 (number of units)
Exhibit 22: Global fuel cell market for CHP applications by product type 2015-2020 (%)
Exhibit 23: Global fuel cell market for CHP applications by product type 2015-2020 (MW shipments)
Exhibit 24: Global fuel cell market for CHP applications by PEMFC 2015-2020 (MW shipments)
Exhibit 25: PEMFC versus SOFC installation in m-CHP applications in Japan 2009-2015
Exhibit 26: Global fuel cell market for CHP applications by MCFC 2015-2020 (MW shipments)
Exhibit 27: Global fuel cell market for CHP applications by SOFC 2015-2020 (MW shipments)
Exhibit 28: Efficiency of SOFC versus other fuel cell technologies
Exhibit 29: Effect of various gaseous reactants on different types of fuel cells
Exhibit 30: Global fuel cell market for CHP applications by PAFC 2015-2020 (MW shipments)
Exhibit 31: Global fuel cell market for CHP applications by geography 2015-2020 (%)
Exhibit 32: Global fuel cell market for CHP applications by geography 2015-2020 (MW shipments)
Exhibit 33: Fuel cell market for CHP applications in APAC 2015-2020 (MW shipments)
Exhibit 34: Fuel cell development roadmap in South Korea 2009-2030
Exhibit 35: Fuel cell market for CHP applications in Americas 2015-2020 (MW shipments)
Exhibit 36: US DoE funding opportunity announcement (FOA): Areas of interest
Exhibit 37: Fuel cell market for CHP applications in EMEA 2015-2020 (MW shipments)
Exhibit 38: Efficiency resulting from using fuel cells in ene.field scheme
Exhibit 39: Japan fuel cell development roadmap 2015-2040
Exhibit 40: Typical stack size of different fuel cell technologies
Exhibit 41: GHG mitigation production evaluation
Exhibit 42: Fuel cell fuel sources and applications
Exhibit 43: Main applications in the stationary FC market (%)
Exhibit 44: Efficiency rating of some commonly installed CHP sources
Exhibit 45: Major purchase incentives for fuel cell projects in different countries
Exhibit 46: Impact of drivers
Exhibit 47: Comparison of CHP technologies
Exhibit 48: Global crude oil prices 2007-2016 ($/bbl.)
Exhibit 49: Cost comparison of fuel cells versus gas engines in CHP Systems
Exhibit 50: Impact of drivers and challenges
Exhibit 51: FC-CHP prices 2007-2014 ($/unit for a 1,000 W power output)
Exhibit 52: SOFC CHP system cost for 5 kW and 25 kW ($)
Exhibit 53: NETL SOFC programs
Exhibit 54: Organizations involved in fuel cell components R&D in China
Exhibit 55: US Fuel Cell Technologies Office R&D budget FY2015-FY2017 ($ millions)
Exhibit 56: Other prominent vendors
Exhibit 57: ACAL Energy: FC-CHP portfolio
Exhibit 58: Bloom Energy: Product segmentation
Exhibit 59: Bloom Energy: Product portfolio
Exhibit 60: FuelCell Energy: Product segmentation
Exhibit 61: Viessmann: Product portfolio
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FEATURED COMPANIES

  • ACAL Energy
  • Baxi (BDR Thermea)
  • Ceres Power
  • Elcore
  • FuelCell Energy
  • HEXIS
  • MORE
New Report Released: - Global Fuel Cell Market for CHP Applications 2016-2020

The author of the report recognizes the following companies as the key players in the global fuel cell market for CHP applications: ACAL Energy, Bloom Energy, FuelCell Energy, and Viessmann.

Other prominent vendors in the market are: Aisin Seiki, Baxi (BDR Thermea), Ceres Power, Doosan Fuel Cell, Elcore, ENEOS Celltech (JX Nippon Oil & Energy), EnerFuel, Haldor Topsøe, HEXIS, Kyocera, Panasonic, SOLIDpower, Toshiba, and Vaillant.

Commenting on the report, an analyst from the research team said: “One of latest trends in the market is increase in R&D investments and activities. Companies are making huge investments in R&D in the fuel cell industry. Many universities and governmental organizations are engaged in research and demonstration projects of new technologies in the industry. For instance, the National Energy Foundation is working with New Energy and Industrial Technology Development Organization (NEDO) in the UK on various fuel cell research projects. NEDO has 11 fuel cell projects involved in the development and validation of polymer electrolyte fuel cell (PEFC) technology for small-scale systems, hydrogen technology, SOFC for large-scale systems, and infrastructure development. The National Renewable Energy Laboratory in the US has a hydrogen and fuel cell research section that is dedicated to addressing the national issues of fuel cell technologies. It focuses on projects related to fuel cell technology validation, safety codes, standard analysis, and hydrogen production, delivery, and storage.”

According to the report, one of the primary drivers in the market is increasing demand for efficient and cleaner technologies. Thermal power plants produce excess heat, and this waste heat is usually released into the atmosphere through cooling towers and other means, which results in lower power generation efficiency. In the US, the efficiency of electricity generation has remained stagnant at about 35% since the 1960s, with the total amount of heat wasted in this process being more than Japan's overall power generation. The growing demand for electricity and the consciousness toward using cleaner energy sources are driving the need for CHP, where the waste heat is captured to either produce heat for industries and businesses or to power turbines to generate more electricity.

Further, the report states that one major challenge in the market is competition from alternative technologies. FC-CHP is a highly competitive market with many manufacturers, both local and international, facing stiff competition from not only other fuel cell manufacturers but also from alternative technologies such as steam turbines, gas/micro turbines. These technologies have already established themselves, making it a challenge for FC-CHP to gain wider acceptance. For instance, gas turbines are in use as a CHP solution in a wide range of applications in the industrial, commercial, and residential sectors. However, fuel cell technology still lags behind in terms of adoption; this factor, together with the availability of other renewable technologies and the lead that conventional technologies have established owing to their availability in different size and power ranges, make it a challenge for vendors to establish a competitive fuel cell-based business.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • ACAL Energy
  • Bloom Energy
  • FuelCell Energy
  • Viessmann
  • Aisin Seiki
  • Baxi (BDR Thermea)
  • Ceres Power
  • Doosan Fuel Cell
  • Elcore
  • ENEOS Celltech (JX Nippon Oil & Energy)
  • EnerFuel
  • Haldor Topsøe
  • HEXIS
  • Kyocera
  • Panasonic
  • SOLIDpower
  • Toshiba
  • Vaillant
Note: Product cover images may vary from those shown
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