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Cogeneration Equipment - Market Analysis, Trends, and Forecasts

  • ID: 2228016
  • Report
  • February 2020
  • Region: Global
  • 124 Pages
  • Global Industry Analysts, Inc
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Cogeneration Equipment market worldwide is projected to grow by US$15 Billion, driven by a compounded growth of 7.2%. Natural Gas, one of the segments analyzed and sized in this study, displays the potential to grow at over 8.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$23.2 Billion by the year 2025, Natural Gas will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 6% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$520.9 Million to the region's size and clout in the next 5 to 6 years. Over US$437.5 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Natural Gas will reach a market size of US$1.1 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 10.9% over the next couple of years and add approximately US$4.3 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

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
  • BDR Thermea Group BV
  • Baxi Group Limited
  • Bosch Industriekessel GmbH
  • Burmeister & Wain Scandinavian Contractor A/S
  • Capstone Turbine Corporation
  • Clarke Energy
  • Centrica Business Solutions
  • 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

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: 2018-2025

TABLE 2: Cogeneration Equipment Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

TABLE 3: Natural Gas (Fuel Type) World Market by Region/Country in US$ Million: 2018 to 2025

TABLE 4: Natural Gas (Fuel Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025

TABLE 5: Non-Fossil Fuels (Fuel Type) Potential Growth Markets Worldwide in US$ Million: 2018 to 2025

TABLE 6: Non-Fossil Fuels (Fuel Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025

TABLE 7: Other Fuel Types (Fuel Type) Geographic Market Spread Worldwide in US$ Million: 2018 to 2025

TABLE 8: Other Fuel Types (Fuel Type) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

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: 2018 to 2025

TABLE 10: United States Cogeneration Equipment Market Share Breakdown by Fuel Type:2019 VS 2025

CANADA

TABLE 11: Canadian Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018 to 2025

TABLE 12: Cogeneration Equipment Market in Canada: Percentage Share Breakdown of Sales by Fuel Type for 2019 and 2025

JAPAN

TABLE 13: Japanese Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2018-2025

TABLE 14: Japanese Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

CHINA

TABLE 15: Chinese Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2018-2025

TABLE 16: Chinese Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2019 and 2025

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: 2019 VS 2025

TABLE 19: European Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018-2025

TABLE 20: European Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

FRANCE

TABLE 21: Cogeneration Equipment Market in France by Fuel Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 22: French Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

GERMANY

TABLE 23: Cogeneration Equipment Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2018-2025

TABLE 24: German Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

ITALY

TABLE 25: Italian Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2018-2025

TABLE 26: Italian Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2019 and 2025

UNITED KINGDOM

TABLE 27: United Kingdom Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2018-2025

TABLE 28: United Kingdom Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

SPAIN

TABLE 29: Spanish Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018 to 2025

TABLE 30: Cogeneration Equipment Market in Spain: Percentage Share Breakdown of Sales by Fuel Type for 2019 and 2025

RUSSIA

TABLE 31: Russian Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2018 to 2025

TABLE 32: Russian Cogeneration Equipment Market Share Breakdown by Fuel Type:2019 VS 2025

REST OF EUROPE

TABLE 33: Rest of Europe Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018-2025

TABLE 34: Rest of Europe Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

ASIA-PACIFIC

TABLE 35: Asia-Pacific Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Region/Country: 2018-2025

TABLE 36: Asia-Pacific Cogeneration Equipment Market Share Analysis by Region/Country: 2019 VS 2025

TABLE 37: Cogeneration Equipment Market in Asia-Pacific by Fuel Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 38: Asia-Pacific Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

AUSTRALIA

TABLE 39: Cogeneration Equipment Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2018-2025

TABLE 40: Australian Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

INDIA

TABLE 41: Indian Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018 to 2025

TABLE 42: Cogeneration Equipment Market in India: Percentage Share Breakdown of Sales by Fuel Type for 2019 and 2025

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 2018-2025

TABLE 44: Cogeneration Equipment Market Share Distribution in South Korea by Fuel Type: 2019 VS 2025

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 2018-2025

TABLE 46: Rest of Asia-Pacific Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

LATIN AMERICA

TABLE 47: Latin American Cogeneration Equipment Market Trends by Region/Country in US$ Million: 2018-2025

TABLE 48: Latin American Cogeneration Equipment Market Percentage Breakdown of Sales by Region/Country: 2019 and 2025

TABLE 49: Latin American Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2018-2025

TABLE 50: Latin American Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2019 and 2025

ARGENTINA

TABLE 51: Argentinean Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018-2025

TABLE 52: Argentinean Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

BRAZIL

TABLE 53: Cogeneration Equipment Market in Brazil by Fuel Type: Estimates and Projections in US$ Million for the Period 2018-2025

TABLE 54: Brazilian Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

MEXICO

TABLE 55: Cogeneration Equipment Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Fuel Type for the Period 2018-2025

TABLE 56: Mexican Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

REST OF LATIN AMERICA

TABLE 57: Rest of Latin America Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2018 to 2025

TABLE 58: Rest of Latin America Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

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: 2019 and 2025

TABLE 61: The Middle East Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018 to 2025

TABLE 62: Cogeneration Equipment Market in the Middle East: Percentage Share Breakdown of Sales by Fuel Type for 2019 and 2025

IRAN

TABLE 63: Iranian Market for Cogeneration Equipment: Annual Sales Estimates and Projections in US$ Million by Fuel Type for the Period 2018-2025

TABLE 64: Iranian Cogeneration Equipment Market Share Analysis by Fuel Type: 2019 VS 2025

ISRAEL

TABLE 65: Israeli Cogeneration Equipment Market Estimates and Forecasts in US$ Million by Fuel Type: 2018-2025

TABLE 66: Israeli Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

SAUDI ARABIA

TABLE 67: Saudi Arabian Cogeneration Equipment Market Growth Prospects in US$ Million by Fuel Type for the Period 2018-2025

TABLE 68: Saudi Arabian Cogeneration Equipment Market by Fuel Type: Percentage Breakdown of Sales for 2019 and 2025

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 2018-2025

TABLE 70: Cogeneration Equipment Market Share Distribution in United Arab Emirates by Fuel Type: 2019 VS 2025

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 2018-2025

TABLE 72: Rest of Middle East Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

AFRICA

TABLE 73: African Cogeneration Equipment Market Estimates and Projections in US$ Million by Fuel Type: 2018 to 2025

TABLE 74: African Cogeneration Equipment Market Share Breakdown by Fuel Type: 2019 VS 2025

IV. COMPETITION

Total Companies Profiled: 87

Note: Product cover images may vary from those shown
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