Global Cogeneration Equipment Market (2019-2025) | Companies, Industry, Forecast, Value, Revenue, Analysis, Share, Trends, Outlook, Growth & Size

Global cogeneration equipment market would be driven majorly by factors such as rising demand for a resilient power system, reduction in the use of conventional fuels, and a shift toward sustainable energy sources. Global markets, especially the industrial domain, are adding to the Cogeneration Equipment Market Growth on account of several benefits offered by such systems over traditional energy generation methods such as reduced emission of carbon dioxide, low infrastructure capital requirement, less dependency on import of non-renewables, and use of waste products as fuel.

According to 6Wresearch, the Global Cogeneration Equipment Market size is projected to grow at a CAGR of 3.8% during 2019–2025. The majority of the combined heat and power systems use natural gas as the prominent fuel type, which is a clean source of energy causing very low emissions. However, with growing concern about the reduction of greenhouse gas emissions, demand for other renewable fuels such as biogas, process waste, and waste wood is anticipated to rise in the coming years. The rising demand for cost-effective integration of power supply is also adding to the Cogeneration Equipment Market.

The USA emerged as the leading market in the Americas cogeneration equipment market in 2018. The country currently has a combined heat and power capacity of around 82GW, which is equivalent to 12% of the total electricity production of the country and approximately 8% of the total thermal generation capacity.

Some of the key players in the global cogeneration equipment market are General Electric, AB Holding, Siemens AG, Caterpillar Energy Solutions, Mitsubishi, Clarke Energy, and 2G Energy.

The global cogeneration equipment market report comprehensively covers the market by capacity, fuel, prime mover, applications, and regions including the Americas, Europe, Middle East & Africa, and the Asia Pacific. The global cogeneration equipment market outlook report provides an unbiased and detailed analysis of global cogeneration equipment market trends, global cogeneration equipment market share, 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.

The Global cogeneration market is anticipated to register growth throughout the forecast period on the back of rising efforts of the countries across the globe for the effective use of renewable energy. Cogeneration is embedded with a wide range of technologies and trends to provide efficient power generation across various domains for economic activities and is becoming the prime factor for effective industrial growth across the globe and would register potential demand projections in the coming years, simultaneously anticipated to proliferate sound growth of the Global cogeneration market in the coming years. Further, cogeneration being a mature technology is highly in demand and would register potential demand projections in the coming years and would offer vast new avenues for the growth of the Global cogeneration market Share in the years to come. Additionally increasing development in the industrial sector backed by the expansion of existing facilities is also adding to the development of the market.

The global cogeneration equipment market is expected to gain traction in the coming timeframe on the back of an increase in the unveiling of the benefits provided by the product. The cogeneration technology uses both heat and power that has been proven evident in fulfilling all the power needs across the world and many countries around the world have drastically adopted the equipment. With rising industrialization and globalization, the world hunger for power has been increased and as a result, every day the industries across the world are witnessing increased power need and cogeneration technology that has brought about excellent results in fulfilling this demand and has gained a lot of popularity in the industries across the world since its evolution and the increased adoption of the same is expected to bring in new horizons for growth in the near future.

The global cogeneration equipment market is expected to witness substantial growth in the upcoming six years on the back of the rising potential growth of several industries such as paper & pulp and the food processing sector. On the basis of the end-user, the chemical industry is estimated to generate high sales revenues in the market owing to increased alkali and chlorine chemicals production intended to require combined heat and power in the chemical process and is expected to secure significant demand for cogeneration equipment and would proliferate the Cogeneration Equipment Market Revenue. Further, the Europe cogeneration equipment market is estimated to be a growth-driving prospect backed by the rising use of cogeneration process in various industries as it reduces carbon emission and ensures less energy wastage which influenced several countries like Denmark, Finland, and the Netherland which is expected to achieve positive growth of Europe market, as a result, is estimated to strengthen the overall global cogeneration equipment market Revenue in the coming timeframe.

The global cogeneration equipment market is anticipated to gain momentum in the years ahead backed by the increase in the potential growth of the healthcare sector across the globe. The increase in the expansion of the healthcare sectors such as hospitals, medical centers, and nursing homes due to increased population base coupled with the increased prevalence of chronic disease hence the cogeneration process is needed to operate steam-based operation and concurrently the need for cogeneration equipment would also increase and is estimated to boost the impressive growth of the global cogeneration equipment market in the years ahead.

Key Highlights of the Report:

• Global Cogeneration Equipment Market Overview
• Global Cogeneration Equipment Market Outlook
• Global Cogeneration Equipment Market Forecast
• Historical Data of Global Cogeneration Equipment Market Revenues for the Period 2015-2018
• Global Cogeneration Equipment Market Size and Global Cogeneration Equipment Market Forecast of Revenues, Until 2025
• Market Size & Forecast of Global Cogeneration Equipment Market Revenues, By Regions, for the period 2015-2025F
• Historical data & Forecast of Asia Pacific Cogeneration Equipment Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Asia Pacific Cogeneration Equipment Market Revenues, By Capacity, Fuel, Prime Mover and Application for the Period, 2015-2025F
• Historical data & Forecast of the Middle East & Africa Cogeneration Equipment Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Americas Cogeneration Equipment Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Americas Cogeneration Equipment Market Revenues, By Capacity, Fuel, Prime Mover and Application for the Period, 2015-2025F
• Historical data & Forecast of Europe Cogeneration Equipment Market Revenues for the Period, 2015-2025F
• Historical data & Forecast of Europe Cogeneration Equipment Market Revenues, By Capacity, Fuel, Prime Mover and Application for the Period, 2015-2025F
• Market Drivers & Restraints
• Global Cogeneration Equipment Markets and Industry Life Cycle
• Porter’s Five Force Analysis and Market Opportunity Assessment
• Global Cogeneration Equipment Market Shares, By players
• Global Cogeneration Equipment Market Trends
• Global Cogeneration Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered:

The Global cogeneration equipment market report provides a detailed analysis of the following market segments:

By Capacity

• Up to 30MW
• 31-60MW
• Above 60MW

By Fuel

• Coal
• Natural Gas
• Biogas
• Others (Nuclear, Diesel, Geothermal)

By Prime Mover

• Steam Turbine
• Gas Turbine
• Reciprocating Engine
• Others (Fuel Cell, Microturbine)

By Applications

• Commercial
• Residential
• Industrial

By Regions

• Americas
• Europe
• Middle East & Africa
• Asia Pacific

Other Key Related Reports

• Asia Pacific Cogeneration Equipment Market Report
• Middle East Cogeneration Equipment Market Report
• Europe Cogeneration Equipment Market Report
• North America Cogeneration Equipment Market Report