Cogeneration Equipment Market, By Technology, By Fuel Type, By Application, By Geography

Description

The cogeneration equipment market is estimated to be valued at USD 30.48 Bn in 2024 and is expected to reach USD 57.53 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 30.48 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 to 2031
Forecast Period 2024 to 2031 CAGR:	9.50%	2031 Value Projection:	US$ 57.53 Bn

Figure. Cogeneration Equipment Market Share (%), By Region 2024

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

Product Code: CMI7191

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Technology
- Market Snippet, By Fuel Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Cogeneration Equipment Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Cogeneration Equipment Market
Impact Analysis

5. Global Cogeneration Equipment Market, By Technology, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Gas Turbine-based Cogeneration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Steam Turbine-based Cogeneration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Reciprocating Engine-based Cogeneration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Fuel Cell-based Cogeneration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Cogeneration Equipment Market, By Fuel Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Natural Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Coal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Biomass
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Cogeneration Equipment Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Industrial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Commercial
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Residential
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

8. Global Cogeneration Equipment Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2031
North America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Fuel Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Fuel Type, 2019 - 2031 (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

9. Competitive Landscape

Market Share Analysis
Company Profiles
- Rolls-Royce plc
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Siemens
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- ABB
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Baxi Group
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Andritz Energy and Environment
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- BDR Thermea Group
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Mitsubishi Heavy Industries, Ltd.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- 2G Energy Inc.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Clarke Energy Ltd.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Capstone Turbine Corporation
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Innovative Steam Technology, Inc.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Aegis Energy Services Inc.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Kawasaki Heavy Industries, Ltd
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Enercon Industries
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Yanmar
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Naigai Industries, Inc.
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Yokogawa Electric
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Mitsubishi Power India Private Limited
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates
- Raj Process Equipments and Systems Pvt. Ltd
  - Company Overview
  - Technology Portfolio
  - Recent Developments/Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. Section

References
Research Methodology
About Us and Sales Contact
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