COGENERATION EQUIPMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Cogeneration Equipment Market, By Technology (Gas Turbine-based Cogeneration, Steam Turbine-based Cogeneration, Reciprocating Engine-based Cogeneration, and Fuel Cell-based Cogeneration), By Fuel Type (Natural Gas, Coal, Biomass, and Others), By Application (Industrial, Commercial, and Residential), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

In 2023, Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET), a part of Mitsubishi Heavy Industries (MHI) Group, launched SGP M2000, a new natural gas engine cogeneration system with generation output of 2,000kW
In 2023, Kawasaki launched the world’s first 1.8 MW Class, 100% Hydrogen-fueled, Dry-combustion Gas Turbine Cogeneration System
In 2022, Otsuka Pharmaceutical Factory introduced a cogeneration system that contributes to CO2 emission reductions and stable supplies of pharmaceuticals to its Naruto Factory
In October 2021, Panasonic launched a 5-kW type pure hydrogen fuel cell generator PH1 (single-phase three-wire type). The company launch a new product PH3 (DC type) for overseas markets to fully scale up its hydrogen business outside Japan.