Change Language

Select Language

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Cogeneration Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global cogeneration equipment market reached a value of US$ 23.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 39.2 Billion by 2027, exhibiting at a CAGR of 8.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Cogeneration or combined heat and power (CHP) equipment is used to simultaneously produce thermal and electrical energy from a single fuel source. These fuel sources can be natural gas, biomass, wood, coal, waste heat and oil. Cogeneration equipment includes gas and steam turbines, electric generators and heat recovery systems that provide power to equipment and machines such as fans, pumps, refrigerators, dehumidifiers and steamers. This equipment works more efficiently and has a smaller carbon footprint than other conventional systems. For instance, in a rice mill that requires mechanical energy for milling and heat for paddy drying, a cogeneration system can use waste products such as rice husk in place of fuel to produce the needed energy output simultaneously, thereby significantly reducing fuel consumption.

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

The growing energy demand across the globe is the key factor driving the market growth. The frequent occurrence of power outages and increasing power shortages have initiated the development process of systems that are a consistent, uninterrupted and sustainable source of power generation and supply. Furthermore, widespread adoption of micro-CHP systems in industrial, residential and small and medium enterprise (SME) sectors coupled with the decreasing prices of natural gas owing to its abundant availability has positively influenced the demand for this equipment. The market is also receiving a boost due to increasing emphasis by governments of both developed and emerging nations on the production of clean, renewable and efficient energy. Various technological innovations are also catalyzing the market growth. For instance, the introduction of Tri- and Quattro-power generation systems has enabled the simultaneous production of three and more forms of energy, which assists in a better and more effective way of energy conversion.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cogeneration equipment market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on fuel, capacity, technology and application.

Breakup by Fuel:

 

 
 

www.imarcgroup.com

Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

To get more information about this market, Request Sample

  • Natural Gas   
  • Biomass
  • Coal
  • Others
     

Breakup by Capacity:

  • Up to 30 MW
  • 31MW -60 MW
  • 61 MW- 100 MW
     

Breakup by Technology:

  • Reciprocating Engine
  • Steam Turbine
  • Combined Cycle Gas Turbine
  • Gas Turbine
  • Others
     

Breakup by Application:

  • Commercial
  • Industrial
  • Residential
     

Breakup by Region:

 

 
 

www.imarcgroup.com

To get more information on the regional analysis of this market, Request Sample

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America
     

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Kawasaki Heavy Industries Ltd, Bosh Thermotechnology Limited, Innovative Steam Technologies, Clarke Energy, Mitsubishi Heavy Industries Ltd., Foster Wheeler AG, ANDRITZ Energy & Environment GmbH, Siemens AG, 2G Energy Inc., ABB Group, Aegis Energy Services, Inc., BDR Thermea, Baxi Group, Capstone Turbine Corporation and Rolls Royce Plc, etc.

IMARC Group’s latest report provides a deep insight into the global cogeneration equipment market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global cogeneration equipment market in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Fuel, Capacity, Technology, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Kawasaki Heavy Industries Ltd, Bosh Thermotechnology Limited, Innovative Steam Technologies, Clarke Energy, Mitsubishi Heavy Industries Ltd., Foster Wheeler AG, ANDRITZ Energy & Environment GmbH, Siemens AG, 2G Energy Inc., ABB Group, Aegis Energy Services, Inc., BDR Thermea, Baxi Group, Capstone Turbine Corporation and Rolls Royce Plc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Cogeneration Equipment Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Fuel
    5.5    Market Breakup by Capacity
    5.6    Market Breakup by Technology
    5.7    Market Breakup by Application
    5.8    Market Breakup by Region
    5.9    Market Forecast
6   Market Breakup by Fuel
    6.1    Natural Gas
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Biomass
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Coal
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Others
        6.4.1    Market Trends
        6.4.2    Market Forecast
7   Market Breakup by Capacity
    7.1    Up to 30 MW
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    31MW -60 MW
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    61 MW- 100 MW
        7.3.1    Market Trends
        7.3.2    Market Forecast
8   Market Breakup by Technology
    8.1    Reciprocating Engine
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Steam Turbine
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Combined Cycle Gas Turbine
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Gas Turbine
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   Market Breakup by Application
    9.1    Commercial
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Industrial
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    Residential
        9.3.1    Market Trends
        9.3.2    Market Forecast
10  Market Breakup by Region
    10.1    Asia Pacific
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    Europe
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    North America
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Kawasaki Heavy Industries Ltd
        15.3.2    Bosh Thermotechnology Limited
        15.3.3    Innovative Steam Technologies
        15.3.4    Clarke Energy
        15.3.5    Mitsubishi Heavy Industries Ltd.
        15.3.6    Foster Wheeler AG
        15.3.7    ANDRITZ Energy & Environment GmbH
        15.3.8    Siemens AG
        15.3.9    2G Energy Inc.
        15.3.10      ABB Group
        15.3.11      Aegis Energy Services, Inc.
        15.3.12      BDR Thermea
        15.3.13      Baxi Group
        15.3.14      Capstone Turbine Corporation
        15.3.15      Rolls Royce Plc

List of Figures

Figure 1: Global: Cogeneration Equipment Market: Major Drivers and Challenges
Figure 2: Global: Cogeneration Equipment Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Cogeneration Equipment Market: Breakup by Fuel (in %), 2021
Figure 4: Global: Cogeneration Equipment Market: Breakup by Capacity (in %), 2021
Figure 5: Global: Cogeneration Equipment Market: Breakup by Technology (in %), 2021
Figure 6: Global: Cogeneration Equipment Market: Breakup by Application (in %), 2021
Figure 7: Global: Cogeneration Equipment Market: Breakup by Region (in %), 2021
Figure 8: Global: Cogeneration Equipment Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Cogeneration Equipment Industry: SWOT Analysis
Figure 10: Global: Cogeneration Equipment Industry: Value Chain Analysis
Figure 11: Global: Cogeneration Equipment Industry: Porter’s Five Forces Analysis
Figure 12: Global: Cogeneration Equipment (Natural Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Cogeneration Equipment (Natural Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Cogeneration Equipment (Biomass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Cogeneration Equipment (Biomass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Cogeneration Equipment (Coal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Cogeneration Equipment (Coal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Cogeneration Equipment (Other Fuels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Cogeneration Equipment (Other Fuels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Cogeneration Equipment (Up to 30 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Cogeneration Equipment (Up to 30 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Cogeneration Equipment (31MW -60 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Cogeneration Equipment (31MW -60 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Cogeneration Equipment (61 MW- 100 MW) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Cogeneration Equipment (61 MW- 100 MW) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Cogeneration Equipment (Reciprocating Engine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Cogeneration Equipment (Reciprocating Engine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Cogeneration Equipment (Steam Turbine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Cogeneration Equipment (Steam Turbine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Cogeneration Equipment (Combined Cycle Gas Turbine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Cogeneration Equipment (Combined Cycle Gas Turbine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Cogeneration Equipment (Gas Turbine) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Cogeneration Equipment (Gas Turbine) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Cogeneration Equipment (Other Technologies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Cogeneration Equipment (Other Technologies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Cogeneration Equipment (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Cogeneration Equipment (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Cogeneration Equipment (Industrial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Cogeneration Equipment (Industrial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Global: Cogeneration Equipment (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Global: Cogeneration Equipment (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Asia Pacific: Cogeneration Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Asia Pacific: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Europe: Cogeneration Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Europe: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: North America: Cogeneration Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: North America: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Middle East and Africa: Cogeneration Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Middle East and Africa: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Latin America: Cogeneration Equipment Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Latin America: Cogeneration Equipment Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Cogeneration Equipment Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Cogeneration Equipment Market Forecast: Breakup by Fuel (in Million US$), 2022-2027
Table 3: Global: Cogeneration Equipment Market Forecast: Breakup by Capacity (in Million US$), 2022-2027
Table 4: Global: Cogeneration Equipment Market Forecast: Breakup by Technology (in Million US$), 2022-2027
Table 5: Global: Cogeneration Equipment Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 6: Global: Cogeneration Equipment Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Cogeneration Equipment Market Structure
Table 8: Global: Cogeneration Equipment Market: Key Players


Note: We value your privacy and will never rent or sell your email address. Privacy policy

Key Questions Answered in This Report

The global cogeneration equipment market was valued at US$ 23.3 Billion in 2021.

We expect the global cogeneration equipment market to exhibit a CAGR of 8.9% during 2022-2027.

The growing demand for uninterrupted and sustainable source of power generation and supply, along
with the rising applications of cogeneration equipment over conventional counterparts owing to their
smaller carbon footprint, are primarily driving the global cogeneration equipment market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations, resulting in the temporary closure of numerous end-use industries,
thereby limiting the demand for cogeneration equipment.

Based on the fuel, the global cogeneration equipment market can be segmented into natural gas,
biomass, coal, and others. Among these, natural gas holds the majority of the total market share.

Based on the capacity, the global cogeneration equipment market has been divided into up to 30 MW,
31 MW - 60 MW, and 61 MW - 100 MW. Currently, 61 MW - 100 MW exhibits a clear dominance in the
market.

Based on the technology, the global cogeneration equipment market can be categorized into
reciprocating engine, steam turbine, combined cycle gas turbine, gas turbine, and others. Among these,
combined cycle gas turbine accounts for the largest market share.

Based on the application, the global cogeneration equipment market can be bifurcated into commercial,
industrial, and residential. Currently, the industrial sector holds the majority of the global market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global cogeneration equipment market include Kawasaki Heavy
Industries Ltd, Bosh Thermotechnology Limited, Innovative Steam Technologies, Clarke Energy,
Mitsubishi Heavy Industries Ltd., Foster Wheeler AG, ANDRITZ Energy & Environment GmbH, Siemens
AG, 2G Energy Inc., ABB Group, Aegis Energy Services, Inc., BDR Thermea, Baxi Group, Capstone Turbine
Corporation, Rolls Royce Plc, etc.

Need more help?

  •   Speak to our experienced analysts for insights on the current market scenarios.
  •   Include additional segments and countries to customize the report as per your requirement.
  •   Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  •   For further assistance, please connect with our analysts.

Purchase Options




$ 2299

REACH OUT TO US

Call us on

( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91 120 433 0800 )


Drop us an email at

sales@imarcgroup.com

Social Links