Cogeneration Equipment Market Report: Trends, Forecast and Competitive Analysis to 2030

Cogeneration Equipment Trends and Forecast

The future of the global cogeneration equipment market looks promising with opportunities in the commercial, industrial, and residential applications. The global cogeneration equipment market is expected to reach an estimated $38.4 billion by 2030 with a CAGR of 9.1% from 2024 to 2030. The major drivers for this market are increasing need for reliable and long-term sources of power supply and growing adoption of micro-chp systems in industrial and residential spaces.

A more than 150-page report is developed to help in your business decisions.

Cogeneration Equipment by Segment

The study includes a forecast for the global cogeneration equipment by fuel, capacity, technology, application, and region.

Cogeneration Equipment Market by Fuel [Shipment Analysis by Value from 2018 to 2030]:

• Natural Gas
• Biogas
• Coal
• Others

Cogeneration Equipment Market by Capacity [Shipment Analysis by Value from 2018 to 2030]:

• High Capacity
• Medium Capacity

Cogeneration Equipment Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Steam Turbine
• Gas Turbine
• Combined Steam
• Reciprocating Engine

Cogeneration Equipment Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Commercial
• Industrial
• Residential
• Others

Cogeneration Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cogeneration Equipment Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies cogeneration equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the cogeneration equipment companies profiled in this report include-

• General Electric
• Kawasaki
• A.B. HOLDING
• Robert BOSCH
• 2G Energy
• Siemens
• Tecogen
• Clarke Energy
• Sundrop Fuels
• Mitsubishi

Cogeneration Equipment Market Insights

Lucintel forecasts that natural gas is expected to witness highest growth over the forecast period due to its features, such providing effective mileage, eco-friendly, abundant availability, and affordability.

North America is expected to witness highest growth over the forecast period due to rapid urbanization and industrialization, tremendous demand for need for power and electricity, and significant availability of natural gas in the region.

Features of the Global Cogeneration Equipment Market

Market Size Estimates: Cogeneration equipment market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Cogeneration equipment market size by various segments, such as by fuel, capacity, technology, application, and region in terms of value ($B).

Regional Analysis: Cogeneration equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different fuels, capacities, technologies, applications, and regions for the cogeneration equipment market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the cogeneration equipment market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the cogeneration equipment market size?

Answer: The global cogeneration equipment market is expected to reach an estimated $38.4 billion by 2030.

Q2. What is the growth forecast for cogeneration equipment market?

Answer: The global cogeneration equipment market is expected to grow with a CAGR of 9.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the cogeneration equipment market?

Answer: The major drivers for this market are increasing need for reliable and long-term sources of power supply and growing adoption of micro-chp systems in industrial and residential spaces.

Q4. What are the major segments for cogeneration equipment market?

Answer: The future of the cogeneration equipment market looks promising with opportunities in the commercial, industrial, and residential applications.

Q5. Who are the key cogeneration equipment market companies?

Answer: Some of the key cogeneration equipment companies are as follows:

• General Electric
• Kawasaki
• A.B. HOLDING
• Robert BOSCH
• 2G Energy
• Siemens
• Tecogen
• Clarke Energy
• Sundrop Fuels
• Mitsubishi

Q6. Which cogeneration equipment market segment will be the largest in future?

Answer: Lucintel forecasts that natural gas is expected to witness highest growth over the forecast period due to its features, such providing effective mileage, eco-friendly, abundant availability, and affordability.

Q7. In cogeneration equipment market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid urbanization and industrialization, tremendous demand for need for power and electricity, and significant availability of natural gas in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the cogeneration equipment market by fuel (natural gas, biogas, coal, and others), capacity (high capacity and medium capacity), technology (steam turbine, gas turbine, combined steam, and reciprocating engine), application (commercial, industrial, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?