2G Energy AG announced the launch of a CH2P research project for exploring the new potential in the solutions for decentralized hydrogen CHP systems. A committee is working under 2G Energy, to advance the heat and power generation from hydrogen in a more effective and economical manner.
Alkaline Fuel Cell Power Corporation a leading manufacturer of micro CHP systems, had come into agreement with Gaskatel GmbH. Companies will jointly test the next-generation power units. they are also working to integrate micro CHP systems with hydrogen-powered fuel cells.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 5059
Published Date: Jun 22, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Rising demand for clean sources of power, rising construction, and growing need for heating systems for the spaces are the major factors driving the market growth.
The market size of micro CHP is anticipated to attain a CAGR of approximately 7% over the forecast period, i.e., 2023 â€“ 2035.
The major players in the market are YANMAR HOLDINGS Co., Ltd., General Electric, 2G Energy AG, SAMAD POWER LTD., Vaillant Group, Viessmann Manufacturing Company Inc., Axiom Energy Group, LLC., Micro Turbine Technology B.V., Alkaline Fuel Cell Power Corp., and BDR Thermea Group
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by application, fuel, capacity prime mover, and by region.
The fuel cell segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Unawareness about the benefits of the micro CHP, and its more expensive than other systems are estimated to be the growth hindering factors for the market expansion.
The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.