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

Cogeneration equipment, also known as combined heat and power (CHP) systems, generate both electricity and useful heat from a single fuel source such as natural gas, biogas, biomass, coal, waste heat, or oil. They are highly efficient and reduce wasteful emissions compared to the separate production of useful heat and power. Cogeneration equipment maximize energy yields from fuels and reduce air pollution and gas emissions. They are gaining popularity among commercial, institutional, and industrial energy users as energy costs rise. Advancements in small-scale cogeneration technology have also enabled their use in buildings and campuses. Global efforts to decarbonize energy production along with growing awareness about energy efficiency are expected to drive the cogeneration equipment market growth over the coming years.

Market Dynamics:

The global cogeneration equipment market is poised to grow steadily driven by rising energy costs, stringent regulations to reduce emissions, and increasing need for reliable distributed power generation. Government incentives and subsidies promoting clean and efficient CHP systems also boosts adoption. However, high initial investment costs can restrain market expansion to some extent. Ongoing technological advancements improving the performance and efficiency of cogeneration equipment at smaller scales present significant opportunities. Reducing emissions from power generation to mitigate climate change opens new areas of growth as well. Stringent government policies mandating the use of renewable and waste energy are catalyzing the opportunistic deployment of cogeneration plants across regions.

Key Features of the Study:

• This report provides in-depth analysis of the global cogeneration equipment market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global cogeneration equipment market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Rolls-Royce plc, Siemens, ABB, Baxi Group, Andritz Energy and Environment, BDR Thermea Group, Mitsubishi Heavy Industries, Ltd., 2G Energy Inc., Clarke Energy Ltd., Capstone Turbine Corporation, Innovative Steam Technology, Inc., Aegis Energy Services Inc., Kawasaki Heavy Industries, Ltd, Enercon Industries, Yanmar, Naigai Industries, Inc., Yokogawa Electric, Mitsubishi Power India Private Limited, and Raj Process Equipments and Systems Pvt. Ltd
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global cogeneration equipment market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global cogeneration equipment market

Detailed Segmentation-

• By Technology:
• • Gas Turbine-based Cogeneration
  • Steam Turbine-based Cogeneration
  • Reciprocating Engine-based Cogeneration
  • Fuel Cell-based Cogeneration
• By Fuel Type:
• • Natural Gas
  • Coal
  • Biomass
  • Others
• By Application:
• • Industrial
  • Commercial
  • Residential
• By Region:
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
• • Rolls-Royce plc
  • Siemens
  • ABB
  • Baxi Group
  • Andritz Energy and Environment
  • BDR Thermea Group
  • Mitsubishi Heavy Industries, Ltd.
  • 2G Energy Inc.
  • Clarke Energy Ltd.
  • Capstone Turbine Corporation
  • Innovative Steam Technology, Inc.
  • Aegis Energy Services Inc.
  • Kawasaki Heavy Industries, Ltd
  • Enercon Industries
  • Yanmar
  • Naigai Industries, Inc.
  • Yokogawa Electric
  • Mitsubishi Power India Private Limited
  • Raj Process Equipments and Systems Pvt. Ltd