Growing Fuel Cell Market for Residential CHP Applications

Global fuel cell shipments are projected to grow at a CAGR of 20% during 2012-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) August 28, 2012 - Residential combined heat and power (resCHP) systems are gaining increased interest from policy makers, utilities, and homeowners across a growing number of countries, and the sector is experiencing strong growth around the world. The residential CHP technology has the potential to reduce carbon emissions and increase efficiency in the home while, potentially, reducing consumer energy bills. Generally, the process of making electricity wastes a lot of energy but combining heat and power generation leads to greater efficiencies. That means lower utility bills and fewer greenhouse gas emissions.

As per our findings, the top three countries in the world for residential CHP technology adoption include Germany, Japan and South Korea. Other countries are also expected to adopt these technologies at a fast rate in the coming years. These technologies are increasingly market-ready and are reaching a potential tipping point, where annual adoption is expected to rise sharply. In future, the total number of installed residential combined heat and power systems, in both single family homes and multi-unit dwellings are expected to grow at a significant rate.

According to our new research report, "Fuel Cell Market Forecast to 2015", the global fuel cell shipments are anticipated to grow at a CAGR of around 20% during 2012-2015. The industry is expected to sustain its growth pace in near future driven by factors like best efficiency amongst energy sources and environment-friendly operation, among others. Our report covers the extensive research on fuel cell and analysis of various segments of fuel cell industry, which has been witnessing an increase in demand for fuel cells in automobile and telecom sectors.

Apart from this, recent R&D activities related to fuel cell have developed platinum free fuel cells which are expected to significantly reduce the cost of fuel cell in the coming years. Our report covers the major R&D initiatives along with patents that have been filed.

The report is a comprehensive research that contains quality research, in-depth analysis, and authentic statistics regarding the global fuel cell market. It studies the emerging market trends, recent developments, and their impact on the market. The report will help clients in analyzing the leading-edge opportunities, prospective customer base, expected future outlook, and all other factors critical to the success of a new entrant in the global fuel cell market. Besides this, the report covers the brief analysis of the key players to help clients understand the market, its structure and progress in the coming years.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM448.htm

Some of our Related Reports are:

- Fuel Cell Industry Analysis (http://www.rncos.com/Report/IM102.htm)
- Indian Natural Gas Sector Analysis (http://www.rncos.com/Report/IM232.htm)
- Indian Coal Industry Forecast to 2013 (http://www.rncos.com/Report/IM280.htm)
- UAE Power Market Outlook to 2014 (http://www.rncos.com/Report/IM440.htm)
- Global Biofuel Market Analysis (http://www.rncos.com/Report/IM098.htm)

Check Related REPORTS on: http://www.rncos.com/energyutility.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: fuel cell energy inc

Categories: Energy

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