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

Canada 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 Canada 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.

Canada Cogeneration Equipment Market Synopsis

Winter power outages in provinces such as Ontario and Quebec due to unfavorable weather conditions increase the demand for reliable and independent energy solutions including cogeneration. In Alberta, growth in cogeneration is driven by growth in oil sands production, and new oil sands projects are expected to augment the market for cogeneration equipment over the coming years in order to reduce the carbon footprint of these projects. Industries such as paper and pulp mills use wood waste as fuel for cogeneration in the country. 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, Canada Cogeneration Equipment market size is expected to grow at a CAGR of 3.9% during 2020-2026. A rising number of biogas projects to reduce emissions in the country would also bolster the market for cogeneration equipment fuelled by biogas during the forecast period. Micro-CHP technology is suitable for meeting the significant residential space heating demand in Canada and is expected to drive the market for cogeneration equipment over the coming years.

Market Analysis By Applications

In terms of applications, the industrial vertical dominated the overall Canada cogeneration equipment market in 2019 and held the majority of the share. 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:

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

Market Scope and Segmentation

The Canada 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