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Cogeneration Equipment - Global Market Trajectory & Analytics

  • ID: 2228016
  • Report
  • September 2020
  • Region: Global
  • 191 Pages
  • Global Industry Analysts, Inc
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Global Cogeneration Equipment Market to Reach $39.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Cogeneration Equipment estimated at US$25.7 Billion in the year 2020, is projected to reach a revised size of US$39.6 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027. Natural Gas, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$23.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Fossil Fuels segment is readjusted to a revised 7% CAGR for the next 7-year period.

The U. S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 9.9% CAGR

The Cogeneration Equipment market in the U. S. is estimated at US$7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.7 Billion by the year 2027 trailing a CAGR of 9.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Other Fuel Types Segment to Record 2.1% CAGR

In the global Other Fuel Types segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.1 Billion in the year 2020 will reach a projected size of US$4.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.4 Billion by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 191-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • 2G Energy Inc.
  • AB Holding SpA
  • ABB Limited
  • Aegis Energy Services, Inc.
  • Ameresco, Inc.
  • ANDRITZ Energy & Environment GmbH
  • Baxi SpA
  • BDR Thermea Group BV
  • Bosch Industriekessel GmbH
  • Burmeister & Wain Scandinavian Contractor A/S
  • Capstone Turbine Corporation
  • Centrica Business Solutions
  • Clarke Energy
  • GE Power
  • Kawasaki Heavy Industries, Ltd.
  • LOINTEK
  • Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET)
  • Rolls Royce Plc.
  • Siemens AG
  • Sumitomo SHI FW
  • Tecogen Inc.
  • The Viessmann Group
  • Veolia Environnement S. A.
  • YANMAR Co., Ltd.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Cogeneration: The Next Generation Eco-friendly and Energy-Efficient Technology for Heating and Power Needs
  • Growth Drivers in a Nutshell
  • Key Challenges & Constraints
  • Combined Heat and Power (CHP): Regional Developments Summarized
  • Recent Market Activity
  • CHP Technology Revolutionizes the Power Generation Landscape
  • Cogeneration: A Universal Power Solution…
  • ….Achieving Energy Efficiencies of More than 90%
  • Myriad Benefits & Superior Attributes over Conventional Power Generation Drive Market Adoption
  • Cogeneration System Vs Conventional Power System: A Graphical Representation
  • Global Market Outlook
  • Global Competitor Market Shares
  • Cogeneration Equipment Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • 2G Energy Inc. (USA)
  • AB Holding SpA (Italy)
  • ABB Limited (Switzerland)
  • Aegis Energy Services, Inc. (USA)
  • Ameresco, Inc. (USA)
  • ANDRITZ Energy & Environment GmbH (Austria)
  • BDR Thermea Group BV (The Netherlands)
  • Baxi Group Limited (UK)
  • Bosch Industriekessel GmbH (Germany)
  • Burmeister & Wain Scandinavian Contractor A/S (Denmark)
  • Capstone Turbine Corporation (USA)
  • Clarke Energy (UK)
  • Cogenra Solar, Inc. (USA)
  • Centrica Business Solutions (UK)
  • GE Power (USA)
  • Kawasaki Heavy Industries, Ltd. (Japan)
  • LOINTEK (Spain)
  • Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET) (Japan)
  • Rolls Royce Plc. (UK)
  • Siemens AG (Germany)
  • Solar Turbines Incorporated (USA)
  • Sumitomo SHI FW (Japan)
  • Takuma Co., Ltd. (Japan)
  • Tecogen Inc. (USA)
  • The Viessmann Group (Germany)
  • Veolia Environnement S.A. (France)
  • YANMAR Co., Ltd. (Japan)
3. MARKET TRENDS & DRIVERS
  • Essential Role of MicroCHP in Realizing Smart Energy Strategies Drive Healthy Market Growth
  • Benefits of MicroCHP Energy Generation for Various Residential and Commercial Application Areas
  • Japan and Germany: Leading Adopters of Micro CHP Technology Worldwide
  • Micro CHP Generation Systems Adoption Driven by Government Incentives
  • Shifting Focus of Research from Cogeneration to Small Scale CHP Systems
  • Steam Turbines Continues to be the Preferred Prime Mover Used in the Cogeneration Systems
  • Gas Turbines
  • Steam Turbines
  • Reciprocating Engines
  • Microturbines
  • Fuel Cells
  • Other Equipment
  • Surging Energy Consumption and the Resulting Increase in Power Generation Shifts Focus on Cogeneration
  • Favorable Policies and Developments Provide the Perfect Platform for Market Growth
  • Trigeneration and Quattrogeneration: The Next Big Thing in Combined Heat & Power Generation
  • Growing Prominence of Heat Energy in Total Energy Consumption Augurs Well for the Market
  • District Heating & Cooling: Enabling Superior Pollution Control and Higher Efficiencies
  • Industrial Cogeneration: The Dominant End-use Application Continue to Spearhead Growth
  • Fuel Shifts in Industrial CHP in Countries across the World Favor Market Growth
  • Underpenetrated Commercial CHP Offers Huge Growth Potential
  • Preferred Solutions for Increased Adoption of Commercial CHP Systems
  • Rising Focus on Being Grid-Independent & Self-Reliant Drives Adoption in Healthcare Facilities
  • Environmental Benefits of Combined Heat and Power (CHP) Plants Bodes Well for Market Penetration
  • Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
  • Expanding Renewables Share in the Power Generation Mix Spurs Market Demand
  • Renewable CHP Gain Ground in Newer Application Areas Other than the Traditional Industries
  • Healthy Growth Projected for Gas Turbines Installations in CHP Plants across the World
  • Future Gas Turbines to Overcome Current Challenges and Promote Market Growth
  • Gas Engines & Gas Turbines for CHP: A Comparison
  • Increasing Installations of Microgrids Lend Traction to Market Growth
  • Increasing Installations of Microgrids Lend Traction to Market Growth
  • Adoption of Packaged CHP Systems Gain Momentum
  • CHP with Biogas: An Effective Approach to Use Distributed Energy
  • Bagasse Cogeneration: Enormous Potential in Sugar Producing Countries
  • Increasing Investments in CHP Plants in the Developing Countries Offer Significant Growth Opportunities
  • Favorable Demographic and Urbanization Trends Strengthen Market Prospects
  • Rapid Urbanization: A Mega Growth Driver for Cogeneration Equipment
  • Key Challenges Hampering Widespread Adoption of Cogeneration Technology
  • High Capital Investment
  • Connectivity to Grid
  • Lack of Interconnection Standards
  • Environment Related Issues and Unfavorable Regulations
  • Need for R&D
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: Cogeneration Equipment Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 2: Cogeneration Equipment Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
  • TABLE 3: Natural Gas (Fuel Type) World Market by Region/Country in US$ Million: 2020 to 2027
  • TABLE 4: Natural Gas (Fuel Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
  • TABLE 5: Non-Fossil Fuels (Fuel Type) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
  • TABLE 6: Non-Fossil Fuels (Fuel Type) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
  • TABLE 7: Other Fuel Types (Fuel Type) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
  • TABLE 8: Other Fuel Types (Fuel Type) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Facts & Figures
  • US Cogeneration Equipment Market Share (in %) by Company: 2020 & 2025
  • Market Analytics
  • TABLE 9: United States Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 10: United States Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
CANADA
  • TABLE 11: Canadian Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 12: Cogeneration Equipment Market in Canada: Percentage Share Breakdown of Sales by Fuel Type for 2020 and 2027
JAPAN
  • TABLE 13: Japanese Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 14: Japanese Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
CHINA
  • TABLE 15: Chinese Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 16: Chinese Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2020 and 2027
EUROPE
  • Market Facts & Figures
  • European Cogeneration Equipment Market: Competitor Market Share Scenario (in %) for 2020 & 2025
  • Market Analytics
  • TABLE 17: European Cogeneration Equipment Market Demand Scenario in US$ Million by Region/Country: 2018-2025
  • TABLE 18: European Cogeneration Equipment Market Share Shift by Region/Country: 2020 VS 2027
  • TABLE 19: European Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020-2027
  • TABLE 20: European Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
FRANCE
  • TABLE 21: Cogeneration Equipment Market in France by Fuel Type: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 22: French Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
GERMANY
  • TABLE 23: Cogeneration Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 24: German Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
ITALY
  • TABLE 25: Italian Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 26: Italian Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2020 and 2027
UNITED KINGDOM
  • TABLE 27: United Kingdom Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 28: United Kingdom Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
SPAIN
  • TABLE 29: Spanish Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 30: Cogeneration Equipment Market in Spain: Percentage Share Breakdown of Sales by Fuel Type for 2020 and 2027
RUSSIA
  • TABLE 31: Russian Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 32: Russian Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
REST OF EUROPE
  • TABLE 33: Rest of Europe Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020-2027
  • TABLE 34: Rest of Europe Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
ASIA-PACIFIC
  • TABLE 35: Asia-Pacific Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
  • TABLE 36: Asia-Pacific Cogeneration Equipment Market Share Analysis by Region/Country: 2020 VS 2027
  • TABLE 37: Cogeneration Equipment Market in Asia-Pacific by Fuel Type: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 38: Asia-Pacific Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
AUSTRALIA
  • TABLE 39: Cogeneration Equipment Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 40: Australian Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
INDIA
  • TABLE 41: Indian Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 42: Cogeneration Equipment Market in India: Percentage Share Breakdown of Sales by Fuel Type for 2020 and 2027
SOUTH KOREA
  • TABLE 43: Cogeneration Equipment Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 44: Cogeneration Equipment Market Share Distribution in South Korea by Fuel Type: 2020 VS 2027
REST OF ASIA-PACIFIC
  • TABLE 45: Rest of Asia-Pacific Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 46: Rest of Asia-Pacific Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
LATIN AMERICA
  • TABLE 47: Latin American Cogeneration Equipment Market Trends by Region/Country in US$ Million: 2020-2027
  • TABLE 48: Latin American Cogeneration Equipment Market Percentage Breakdown of Sales by Region/Country: 2020 and 2027
  • TABLE 49: Latin American Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 50: Latin American Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2020 and 2027
ARGENTINA
  • TABLE 51: Argentinean Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020-2027
  • TABLE 52: Argentinean Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
BRAZIL
  • TABLE 53: Cogeneration Equipment Market in Brazil by Fuel Type: Estimates and Projections in US$ Million for the Period 2020-2027
  • TABLE 54: Brazilian Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
MEXICO
  • TABLE 55: Cogeneration Equipment Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 56: Mexican Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
REST OF LATIN AMERICA
  • TABLE 57: Rest of Latin America Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 58: Rest of Latin America Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
MIDDLE EAST
  • TABLE 59: The Middle East Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025
  • TABLE 60: The Middle East Cogeneration Equipment Market Share Breakdown by Region/Country: 2020 and 2027
  • TABLE 61: The Middle East Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 62: Cogeneration Equipment Market in the Middle East: Percentage Share Breakdown of Sales by Fuel Type for 2020 and 2027
IRAN
  • TABLE 63: Iranian Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 64: Iranian Cogeneration Equipment Market Share Analysis by Fuel Type: 2020 VS 2027
ISRAEL
  • TABLE 65: Israeli Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2020-2027
  • TABLE 66: Israeli Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
SAUDI ARABIA
  • TABLE 67: Saudi Arabian Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 68: Saudi Arabian Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2020 and 2027
UNITED ARAB EMIRATES
  • TABLE 69: Cogeneration Equipment Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 70: Cogeneration Equipment Market Share Distribution in United Arab Emirates by Fuel Type: 2020 VS 2027
REST OF MIDDLE EAST
  • TABLE 71: Cogeneration Equipment Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2020-2027
  • TABLE 72: Rest of Middle East Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
AFRICA
  • TABLE 73: African Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2020 to 2027
  • TABLE 74: African Cogeneration Equipment Market Share Breakdown by Fuel Type: 2020 VS 2027
IV. COMPETITION
  • Total Companies Profiled: 87
Note: Product cover images may vary from those shown
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