The global cogeneration equipment market was valued at USD 32.89 Billion in 2024. The industry is expected to grow at a CAGR of 6.50% during the forecast period of 2025-2034 to attain a valuation of USD 61.74 Billion by 2034.
The demand for cogeneration equipment is increasing as it is more efficient, environmentally friendly, and needs less fuel to generate a given energy output.
The demand for cogeneration equipment is increasing as it is more efficient, environmentally friendly, and needs less fuel to generate a given energy output.
Market Segmentation
Combined heat and power systems are also known as cogeneration power plants or equipment. They are designed to produce electrical power and heat for use in process applications.Market Breakup by Fuel
- Natural Gas
- Biomass
- Coal
- Others
Market Breakup by Capacity
- Up to 30 MW
- 31MW-60 MW
- 61 MW-100 MW
Market Breakup by Technology
- Reciprocating Engine
- Steam Turbine
- Combined Cycle Gas Turbine
- Gas Turbine
- Others
Market Breakup by Application
- Commercial
- Industrial
- Residential
Market Breakup by Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Market Analysis
The industry is witnessing a boost owing to the growing emphasis by governments of both developed as well as emerging nations on the production of clean, renewable, and efficient energy. Several technological innovations are also propelling the growth of the industry further. For example, the introduction of Tri-and Quattro-power generation systems have enabled the simultaneous generation of three and more forms of energy, which contributes to a better and more efficient conversion of energy.Competitive Landscape
The report presents a detailed analysis of the following key players in the global cogeneration equipment market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:- Kawasaki Heavy Industries Ltd
- Bosch Terotechnology Limited
- Clarke Energy
- Mitsubishi Heavy Industries Ltd
- ANDRITZ Energy & Environment GmbH
- Siemens AG
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Cogeneration Equipment Market Analysis
6 North America Cogeneration Equipment Market Analysis
7 Europe Cogeneration Equipment Market Analysis
8 Asia-Pacific Cogeneration Equipment Market Analysis
9 Latin America Cogeneration Equipment Market Analysis
10 Middle East and Africa Cogeneration Equipment Market Analysis
11 Market Dynamics
12 Competitive Landscape
Companies Mentioned
The key companies featured in this Cogeneration Equipment market report include:- Kawasaki Heavy Industries Ltd.
- Bosch Terotechnology Limited
- Clarke Energy
- Mitsubishi Heavy Industries Ltd.
- Andritz Energy & Environment Gmbh
- Siemens AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 173 |
| Published | August 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 32.89 Billion |
| Forecasted Market Value ( USD | $ 61.74 Billion |
| Compound Annual Growth Rate | 6.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 7 |
