Turkey Cogeneration Equipment Market Outlook (2020-2026) | Trends, Size, Share, Companies, Growth, Value, Forecast, Revenue, Analysis, COVID-19 IMPACT & Industry

Turkey Cogeneration Equipment Market report thoroughly covers the market by capacity, by fuel, by applications, and by technology. The report provides an unbiased and detailed analysis of the ongoing Turkey cogeneration equipment market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align the market strategies according to the current and future market dynamics.

Turkey Cogeneration Equipment Market Synopsis

Turkey cogeneration equipment market has witnessed significant growth in demand for biogas reciprocating engines in recent years on account of the country’s vast biogas potential as well as the increasing use of landfill waste to produce biogas. Further, under Turkey’s Vision 2023, the government aims to increase the contribution of renewable energy resources in total installed capacity to 30% by 2023. However, the Covid-19 pandemic had slowed down the market in terms of the supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.

According to 6Wresearch, Turkey Cogeneration Equipment market size is expected to grow at a CAGR of 4.2% during 2020-2026. Natural gas as a fuel for cogeneration is also expected to grow considerably over the coming years owing to increased availability resulting from the introduction of the Trans-Anatolian Natural Gas Pipeline in Turkey from Azerbaijan. Industries in the country extensively use cogeneration equipment for various purposes. For instance, the ceramics industry is a significant contributor to the demand for cogeneration equipment in Turkey as hot air produced during cogeneration is directly used in spray dryers.

Market Analysis By Applications

In terms of applications, the industrial vertical dominated the overall Turkey cogeneration equipment market in 2019. Additionally, the commercial vertical also held the majority of the market revenue share. Further, the residential vertical is likely to register moderate growth over the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2020.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Turkey Cogeneration Equipment Market Overview
• Turkey Cogeneration Equipment Market Outlook
• Turkey Cogeneration Equipment Market Forecast
• Historical Data of Turkey Cogeneration Equipment Market Revenues for the Period 2017-2029
• Turkey Cogeneration Equipment Market Size and Market Forecast of Revenues, Until 2026
• Historical Data of Turkey Cogeneration Equipment Market Revenues, by Fuel, for the Period 2017-2019
• Market Size & Forecast of Turkey Cogeneration Equipment Market Revenues, by Fuel, until 2026
• Historical Data of Turkey Cogeneration Equipment Market Revenues, By Applications, for the Period 2017-2019
• Market Size & Forecast of Turkey Cogeneration Equipment Market Revenues, By Applications, until 2026
• Historical Data of Turkey Cogeneration Equipment Market Revenues, by Capacity, for the Period 2017-2019
• Market Size & Forecast of Turkey Cogeneration Equipment Market Revenues, by Capacity, until 2026
• Historical Data of Turkey Cogeneration Equipment Market Revenues, by Technology, for the Period 2017-2019
• Market Size & Forecast of Turkey Cogeneration Equipment Market Revenues, by Technology, until 2026
• Market Drivers and Restraints
• Turkey Cogeneration Equipment Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Turkey Cogeneration Equipment Market Share, By Players
• Turkey Cogeneration Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The Turkey cogeneration equipment market report provides a detailed 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