The global cogeneration equipment market reached a value of US$ 23.3 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 39.2 Billion by 2027, exhibiting a CAGR of 8.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, they are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor
Cogeneration or combined heat and power (CHP) equipment is used to simultaneously produce thermal and electrical energy from a single fuel source. These fuel sources can be natural gas, biomass, wood, coal, waste heat and oil. Cogeneration equipment includes gas and steam turbines, electric generators and heat recovery systems that provide power to equipment and machines such as fans, pumps, refrigerators, dehumidifiers and steamers. This equipment works more efficiently and has a smaller carbon footprint than other conventional systems. For instance, in a rice mill that requires mechanical energy for milling and heat for paddy drying, a cogeneration system can use waste products such as rice husk in place of fuel to produce the needed energy output simultaneously, thereby significantly reducing fuel consumption
The growing energy demand across the globe is the key factor driving the market growth. The frequent occurrence of power outages and increasing power shortages have initiated the development process of systems that are a consistent, uninterrupted and sustainable source of power generation and supply. Furthermore, widespread adoption of micro-CHP systems in industrial, residential and small and medium enterprise (SME) sectors coupled with the decreasing prices of natural gas owing to its abundant availability has positively influenced the demand for this equipment. The market is also receiving a boost due to increasing emphasis by governments of both developed and emerging nations on the production of clean, renewable and efficient energy. Various technological innovations are also catalyzing the market growth. For instance, the introduction of Tri- and Quattro-power generation systems has enabled the simultaneous production of three and more forms of energy, which assists in a better and more effective way of energy conversion
The publisher’s latest report provides a deep insight into the global cogeneration equipment market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global cogeneration equipment market in any manner
Cogeneration or combined heat and power (CHP) equipment is used to simultaneously produce thermal and electrical energy from a single fuel source. These fuel sources can be natural gas, biomass, wood, coal, waste heat and oil. Cogeneration equipment includes gas and steam turbines, electric generators and heat recovery systems that provide power to equipment and machines such as fans, pumps, refrigerators, dehumidifiers and steamers. This equipment works more efficiently and has a smaller carbon footprint than other conventional systems. For instance, in a rice mill that requires mechanical energy for milling and heat for paddy drying, a cogeneration system can use waste products such as rice husk in place of fuel to produce the needed energy output simultaneously, thereby significantly reducing fuel consumption
The growing energy demand across the globe is the key factor driving the market growth. The frequent occurrence of power outages and increasing power shortages have initiated the development process of systems that are a consistent, uninterrupted and sustainable source of power generation and supply. Furthermore, widespread adoption of micro-CHP systems in industrial, residential and small and medium enterprise (SME) sectors coupled with the decreasing prices of natural gas owing to its abundant availability has positively influenced the demand for this equipment. The market is also receiving a boost due to increasing emphasis by governments of both developed and emerging nations on the production of clean, renewable and efficient energy. Various technological innovations are also catalyzing the market growth. For instance, the introduction of Tri- and Quattro-power generation systems has enabled the simultaneous production of three and more forms of energy, which assists in a better and more effective way of energy conversion
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global cogeneration equipment market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on fuel, capacity, technology and applicationBreakup by Fuel:
- Natural Gas
- Biomass
- Coal
- Others
Breakup by Capacity:
- Up to 30 MW
- 31MW -60 MW
- 61 MW- 100 MW
Breakup by Technology:
- Reciprocating Engine
- Steam Turbine
- Combined Cycle Gas Turbine
- Gas Turbine
- Others
Breakup by Application:
- Commercial
- Industrial
- Residential
Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Kawasaki Heavy Industries Ltd, Bosh Thermotechnology Limited, Innovative Steam Technologies, Clarke Energy, Mitsubishi Heavy Industries Ltd., Foster Wheeler AG, ANDRITZ Energy & Environment GmbH, Siemens AG, 2G Energy Inc., ABB Group, Aegis Energy Services, Inc., BDR Thermea, Baxi Group, Capstone Turbine Corporation and Rolls Royce Plc, etcThe publisher’s latest report provides a deep insight into the global cogeneration equipment market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global cogeneration equipment market in any manner
Key Questions Answered in This Report:
- How has the global cogeneration equipment market performed so far and how will it perform in the coming years?
- What are the key regional markets in the global cogeneration equipment industry?
- What has been the impact of COVID-19 on the global cogeneration equipment industry?
- What is the breakup of the market based on the fuel?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the technology?
- What are the various stages in the value chain of the global cogeneration equipment industry?
- What are the key driving factors and challenges in the global cogeneration equipment industry?
- What is the structure of the global cogeneration equipment industry and who are the key players?
- What is the degree of competition in the global cogeneration equipment industry?
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cogeneration Equipment Market
6 Market Breakup by Fuel
7 Market Breakup by Capacity
8 Market Breakup by Technology
9 Market Breakup by Application
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Kawasaki Heavy Industries Ltd
- Bosh Thermotechnology Limited
- Innovative Steam Technologies
- Clarke Energy
- Mitsubishi Heavy Industries Ltd.
- Foster Wheeler AG
- ANDRITZ Energy & Environment GmbH
- Siemens AG
- 2G Energy Inc.
- ABB Group
- Aegis Energy ServicesInc.
- BDR Thermea
- Baxi Group
- Capstone Turbine Corporation
- Rolls Royce Plc
Methodology
LOADING...
