Asia Pacific (APAC) Cogeneration Equipment Market (2024-2030) | Share, Outlook, Analysis, Growth, Revenue, Industry, Trends, Forecast, Value, Companies & Size
Market Forecast By Capacity (Up to 30 MW, 31 MW – 60 MW and Above 60 MW), By Fuel (Natural Gas, Biomass, Coal and Others), By Applications (Residential, Commercial and Industrial), By Technology (Reciprocating Engine, Steam Turbine, Combined Cycle, Gas Turbine and Others), By Countries (Japan, India, China and Rest of Asia Pacific) And Competitive Landscape
| Product Code: ETC000878 | Publication Date: Jan 2022 | Updated Date: Jul 2024 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Asia Pacific (APAC) Cogeneration Equipment Market Highlights
| Report Name | Asia Pacific (APAC) Cogeneration Equipment Market |
| Forecast Period | 2024-2030 |
| CAGR | 5% |
| Growing Sector | Power Generation |
Topics Covered in the Asia Pacific (APAC) Cogeneration Equipment Market Report
The Asia Pacific (APAC) Cogeneration Equipment Market report comprehensively covers the market by Capacity, Fuel, Applications, Technology, and Country. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific (APAC) Cogeneration Equipment Market Synopsis
The APAC Cogeneration Equipment Market is dynamic and rapid and is expected to witness significant growth in the forecast period. The growth in the market is driven by high demand for power in the region and various benefits of the cogeneration process.
According to 6Wresearch, the APAC Cogeneration Equipment Market is projected to grow at a CAGR of 5% over the forecast period. The growth in the market is fueled by various factors such as rising demand for power supply in the region, government initiatives and various benefits of the cogeneration process. The growth in the market can also be attributed to growing industries in countries such as China, Japan and India. The high demand for power in industries such as manufacturing, chemicals and oil and gas drive the market. Additionally, the rising focus on renewable energy sources and sustainable development and reducing carbon emissions are also propelling the growth in the market. Furthermore, initiatives by the governments in the region are also driving demand for the Cogeneration Equipment
Despite the growth in the market, there are some challenges that may hinder the market growth. The primary challenge is the high initial cost of setting up the cogeneration plants. This high initial investment can limit the adoption of these equipment by small scale industries. Additionally, lack of awareness about cogeneration technology and its benefits can also pose a challenge for market growth.These challenges can be managed with strategic planning and implementation.
Asia Pacific (APAC) Cogeneration Equipment Market: Key Players
The key players in the market include GE, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., and Kawasaki Heavy Industries, Ltd. These companies are continually investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Siemens AG holds the dominant share in the market.
Asia Pacific (APAC) Cogeneration Equipment Market: Government Regulations
There are various government initiatives and policies promoting clean energy solutions, including cogeneration. The Chinese government’s 13th Five-Year Plan (2016-2020) aims to promote the development of efficient cogeneration systems. Similarly, Japan has set a target to increase the adoption of cogeneration technology in its industrial sector by 20% by 2030.Furthermore, countries like India are also implementing regulations related to emissions control and promoting the use of renewable energy sources. These government initiatives are expected to create favourable conditions for the growth of the APAC Cogeneration Equipment Market.
Future Insights of the Market
The APAC Cogeneration Equipment Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years driven by government initiatives and increasing demand for power. The rapid industrialization in the region is also expected to drive the market growth in the future. The demand for power will also rise due to infrastructure development and urbanisation, further propelling the growth in the market. Moreover, rising focus on renewable energy sources and sustainable development are also expected to drive the cogeneration equipment market in the region.
Market Segmentation By Capacity
According to Dhaval, Research Manager, 6Wresearch, the Up To 30 MW segment holds the dominant share in the market due to its wide applications in various sectors.
Market Segmentation By Fuel
The natural gas segment is expected to hold the dominant share in the APAC Cogeneration Equipment Market by fuel. This can be attributed to the increasing availability and affordability of natural gas, as well as its lower carbon emissions compared to other fossil fuels.
Market Segmentation By Technology
The gas turbine segment is expected to hold the dominant share in the APAC Cogeneration Equipment Market by technology. This can be attributed to its higher efficiency and flexibility, making it suitable for various applications such as industrial and commercial cogeneration.
Market Segmentation By Applications
The industrial application segment holds the dominant share in the market due to high demand for cogeneration equipment in industries.
Market Segmentation By Country
China holds the dominant share in the APAC Cogeneration Equipment Market due to high demand for power and government initiatives promoting clean energy.
Key Attractiveness of the Report
- 10 Years Market Numbers
- Historical Data Starting from 2020 to 2023
- Base Year: 2023
- Forecast Data until 2030
- Key Performance Indicators Impacting the Market
- Major Upcoming Projects and Developments
- Market Segmentation
Key Highlights of the Report
- Asia Pacific Cogeneration Equipment Market Overview
- Asia Pacific Cogeneration Equipment Market Outlook
- Asia Pacific Cogeneration Equipment Market Forecast
- Historical Data of Asia Pacific Cogeneration Equipment Market Revenues for the Period 2020-2030F
- Asia Pacific Cogeneration Equipment Market Size and Market Forecast of Revenues, Until 2020-2030F
- Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Fuel, for the Period 2020-2030F
- Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Fuel, until 2020-2030F
- Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Applications, for the Period 2020-2030F
- Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Applications, until 2020-2030F
- Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Capacity, for the Period 2020-2030F
- Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Capacity, until 2020-2030F
- Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Technology, for the Period 2020-2030F
- Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Technology, until 2020-2030F
- Historical Data of Japan Cogeneration Equipment Market Revenues, for the Period 2020-2030F
- Market Size & Forecast of Japan Cogeneration Equipment Market Revenues, until 2020-2030F
- Historical Data of India Cogeneration Equipment Market Revenues, for the Period 2020-2030F
- Market Size & Forecast of India Cogeneration Equipment Market Revenues, until 2020-2030F
- Historical Data of China Cogeneration Equipment Market Revenues, for the Period 2020-2030F
- Market Size & Forecast of China Cogeneration Equipment Market Revenues, until 2020-2030F
- Market Drivers and Restraints
- Asia Pacific Cogeneration Equipment Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Asia Pacific Cogeneration Equipment Market Share, By Regions
- Asia Pacific Cogeneration Equipment Market Share, By Players
- Asia Pacific Cogeneration Equipment Market Overview on Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Covered
The market study offers an exhaustive analysis of the following market segments:
By Capacity
- Up To 30 MW
- 31 MW – 60 MW
- Above 60 MW
By Fuel
- Natural Gas
- Biomass
- Coal
- Others
By Applications
- Residential
- Commercial
- Industrial
By Technology
- Reciprocating Engine
- Steam Turbine
- Combined Cycle
- Gas Turbine
- Others
By Countries
- Japan
- India
- China
- Rest of Asia Pacific
Asia Pacific (APAC) Cogeneration Equipment Market (2024-2030): FAQs
The market growth is primarily driven by high demand for power in the region and various benefits of the cogeneration process.
Key players include GE, Siemens AG, Mitsubishi Hitachi Power Systems, Ltd., and Kawasaki Heavy Industries, Ltd, among others.
The high initial investments are the primary challenges faced by the market.
The Industrial applications segment holds the largest market share in the market.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1. Executive Summary |
| 2. Introduction |
| 2.1 Report Description |
| 2.2 Key Highlights of The Report |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3. Asia Pacific Cogeneration Market Overview |
| 3.1 Asia Pacific Cogeneration Market Revenues, 2020-2030F |
| 3.2 Asia Pacific Cogeneration Market Revenue Share, By Fuel, 2020-2030F |
| 3.3 Asia Pacific Cogeneration Market Revenue Share, By Applications, 2020-2030F |
| 3.4 Asia Pacific Cogeneration Market Revenue Share, By Technology, 2020-2030F |
| 3.5 Asia Pacific Cogeneration Market Revenue Share, By Capacity, 2020-2030F |
| 3.6 Asia Pacific Cogeneration Market Revenue Share, By Regions, 2020-2030F |
| 3.7 Asia Pacific Cogeneration Market Industry Life Cycle |
| 3.8 Asia Pacific Cogeneration Market- Porter’s Five Forces |
| 4. Asia Pacific Cogeneration Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5. Asia Pacific Cogeneration Market Trends |
| 6. Asia Pacific Cogeneration Market Overview, By Fuel |
| 6.1 Asia Pacific Natural Gas Market Revenues, 2020-2030F |
| 6.2 Asia Pacific Biomass Market Revenues, 2020-2030F |
| 6.3 Asia Pacific Coal Market Revenues, 2020-2030F |
| 6.4 Asia Pacific Other Fuels Market Revenues, 2020-2030F |
| 7. Asia Pacific Cogeneration Market Overview, By Applications |
| 7.1 Asia Pacific Commercial Cogeneration Market Revenues, 2020-2030F |
| 7.2 Asia Pacific Residential Cogeneration Market Revenues, 2020-2030F |
| 7.3 Asia Pacific Industrial Cogeneration Market Revenues, 2020-2030F |
| 8. Asia Pacific Cogeneration Market Overview, By Technology |
| 8.1 Asia Pacific Reciprocating Engine Market Revenues, 2020-2030F |
| 8.2 Asia Pacific Steam Turbine Market Revenues, 2020-2030F |
| 8.3 Asia Pacific Combined Cycle Gas Turbine Market Revenues, 2020-2030F |
| 8.4 Asia Pacific Other Technology Market Revenues, 2020-2030F |
| 9. Asia Pacific Cogeneration Market Overview, By Capacity |
| 9.1 Asia Pacific Upto 30 MW Market Revenues, 2020-2030F |
| 9.2 Asia Pacific 31 MW-60 MW Market Revenues, 2020-2030F |
| 9.3 Asia Pacific Above 60 MW Market Revenues, 2020-2030F |
| 10. Japan Cogeneration Market Overview |
| 10.1 Japan Cogeneration Market Revenues, 2020-2030F |
| 10.2 Japan Cogeneration Market Revenues, By Fuel, 2020-2030F |
| 10.3 Japan Cogeneration Market Revenues, By Applications, 2020-2030F |
| 10.4 Japan Cogeneration Market Revenues, By Technology, 2020-2030F |
| 10.5 Japan Cogeneration Market Revenues, By Capacity, 2020-2030F |
| 11. China Cogeneration Market Overview |
| 11.1 China Cogeneration Market Revenues, 2020-2030F |
| 11.2 China Cogeneration Market Revenues, By Fuel, 2020-2030F |
| 11.3 China Cogeneration Market Revenues, By Applications, 2020-2030F |
| 11.4 China Cogeneration Market Revenues, By Technology, 2020-2030F |
| 11.5 China Cogeneration Market Revenues, By Capacity, 2020-2030F |
| 12. India Cogeneration Market Overview |
| 12.1 India Cogeneration Market Revenues, 2020-2030F |
| 12.2 India Cogeneration Market Revenues, By Fuel, 2020-2030F |
| 12.3 India Cogeneration Market Revenues, By Applications, 2020-2030F |
| 12.4 India Cogeneration Market Revenues, By Technology, 2020-2030F |
| 12.5 India Cogeneration Market Revenues, By Capacity, 2020-2030F |
| 13. Rest of Asia Pacific Cogeneration Market Overview |
| 13.1 Rest of Asia Pacific Cogeneration Market Revenues, 2020-2030F |
| 14. Asia Pacific Cogeneration Market Opportunity Assessment |
| 14.1 Asia Pacific Cogeneration Market Opportunity Assessment, By Fuel, 2020-2030F |
| 14.2 Asia Pacific Cogeneration Market Opportunity Assessment, By Applications, 2020-2030F |
| 14.3 Asia Pacific Cogeneration Market Opportunity Assessment, By Technology, 2020-2030F |
| 14.4 Asia Pacific Cogeneration Market Opportunity Assessment, By Capacity, 2020-2030F |
| 15. Asia Pacific Cogeneration Market Competitive Landscape |
| 15.1 Asia Pacific Cogeneration Market Revenue Share, By Companies, 2020-2030F |
| 15.1.1 Japan Cogeneration Market Revenue Share, By Companies, 2020-2030F |
| 15.1.2 India Cogeneration Market Revenue Share, By Companies, 2020-2030F |
| 15.1.3 China Cogeneration Market Revenue Share, By Companies, 2020-2030F |
| 15.2 Asia Pacific Cogeneration Market Competitive Benchmarking, By Operating Parameters, 2020-2030F |
| 16. Company Profiles |
| 17. Strategic Recommendations |
| 18. Disclaimer |
Market Forecast By Capacity (Up to 30 MW, 31 MW – 60 MW and Above 60 MW), By Fuel (Natural Gas, Biomass, Coal and Others), By Applications (Residential, Commercial and Industrial), By Technology (Reciprocating Engine, Steam Turbine, Combined Cycle, Gas Turbine and Others), By Countries (Japan, India, China and Rest of Asia Pacific) And Competitive Landscape
| Product Code: ETC000878 | Publication Date: Jan 2022 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Due to an increase in capacity fittings, the Asia Pacific Cogeneration Market is gaining high market popularity and has been witnessed as the fastest growing region. Moreover, the efforts of the region to accelerate the use of clean energy resources is further anticipated to drive the market demand for the equipment in the projected period.
According to 6Wresearch, rising demand for clean energy resources is expected to assist the Asia Pacific Cogeneration Equipment market to observe sound growth projections in the forecast period 2019-2025. Japan, China and Korea have been further observed deploying large use of Cogeneration equipment across the region. Furthermore, a large number of countries are working together with private companies to provide efficient energy systems coupled with promoting sustainable growth and spreading minimal air pollution. These rising concerns for efficient energy systems are anticipated to drive market demand for the Cogeneration equipment.
Moreover, increasing growth patterns in the power sector of India would tend to increase the market demand for Cogeneration equipment in the forecast period. Furthermore, on the basis of fuel deployed in the equipment, Bagasse Cogeneration system is gaining a wide popularity across the region. Despite of disposing the bagasse left after extracting sugar from sugarcanes, many Indian companies are deploying it as a fuel to generate heat and power with the assistance of Cogeneration equipment. Furthermore, multi-functional strategies of the equipment would cater to create a strong market base in the conjecture period.
The Asia Pacific Cogeneration Equipment market report thoroughly covers the market by Fuel, application, technology, capacity and regions including the Japan, India, Indonesia, Malaysia, Australia, China, Thailand and rest of Asia Pacific. The Asia Pacific Cogeneration Equipment market outlook report provides an unbiased and detailed analysis of the on-going Asia Pacific Cogeneration Equipment market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
· Asia Pacific Cogeneration Equipment Market Overview
· Asia Pacific Cogeneration Equipment Market Outlook
· Asia Pacific Cogeneration Equipment Market Forecast
· Historical Data of Asia Pacific Cogeneration Equipment Market Revenues for the Period 2015-2018
· Asia Pacific Cogeneration Equipment Market Size and Asia Pacific Cogeneration Equipment Market Forecast of Revenues, Until 2025
· Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Fuel, for the
Period 2015-2018
· Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Fuel, until 2025
· Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Applications, for the
Period 2015-2018
· Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Applications, until 2025
· Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Capacity, for the
Period 2015-2018
· Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Capacity, until 2025
· Historical Data of Asia Pacific Cogeneration Equipment Market Revenues, by Technology, for the
Period 2015-2018
· Market Size & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, by Technology, until 2025
· Historical Data of Japan Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of Japan Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Historical Data of India Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of India Asia Pacific Cogeneration Market Revenues, until 2025.
· Historical Data of China Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of China Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Historical Data of Malaysia Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of Malaysia Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Historical Data of Indonesia Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of Indonesia Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Historical Data of Australia Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of Australia Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Historical Data of Thailand Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of Thailand Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Historical Data of rest of Asia Pacific Asia Pacific Cogeneration Equipment Market Revenues, for the Period 2015-2018.
· Market Size & Forecast of rest of Asia Pacific Asia Pacific Cogeneration Equipment Market Revenues, until 2025.
· Market Drivers and Restraints
· Asia Pacific Cogeneration Equipment Market Trends and Industry Life Cycle
· Porter’s Five Force Analysis
· Market Opportunity Assessment
· Asia Pacific Cogeneration Equipment Market Share, By Regions
· Asia Pacific Cogeneration Equipment Market Share, By Players
· Asia Pacific Cogeneration Equipment Market Overview on Competitive Benchmarking
· Company Profiles
· Key Strategic Recommendations
Markets Covered
The Asia Pacific Cogeneration Equipment market report provides a detailed analysis of the following market segments:
· By Capacity:
o Up to 30 MW
o 31 MW – 60 MW
o Above 60 MW
· By Fuel:
o Natural Gas
o Biomass
o Coal
o Others
· By Applications:
o Residential
o Commercial
o Industrial
· By Technology:
o Reciprocating Engine
o Steam Turbine
o Combined Cycle Gas Turbine
o Others
· By Key Countries:
o Japan
o India
o China
o Australia
o Malaysia
o Indonesia
o Rest of Asia Pacific
Other Key Related Reports Include:
· Japan Asia Pacific Cogeneration Equipment Market Report
· India Asia Pacific Cogeneration Equipment Market Report
· China Asia Pacific Cogeneration Equipment Market Report
· Australia Asia Pacific Cogeneration Equipment Market Report
· Indonesia Asia Pacific Cogeneration Equipment Market Report
· Thailand Asia Pacific Cogeneration Equipment Market Report
· Malaysia Asia Pacific Cogeneration Equipment Market Report
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