Global Cogeneration Equipment Market, By Capacity (Upto 30 MW, 31- 60 MW, 61- 100 MW), By Technolog

Published Date: | Report Code : EP1958538

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The Cogeneration Equipment Market growth is expected to gain high momentum during the forecast period due to Increasing application scope of CHP systems in end-use industries.

Cogeneration is also known for combined heat and power (CHP). This equipment makes better use of the fuel which helps to save 15–40 percent of the energy in total. The idea behind the combined heat and power (CHP) is to capture the heat that would normally be wasted in electricity generation and supply it to local buildings. a CHP power plant makes both electricity and hot water supplies to consumers. The global cogeneration equipment market is anticipated high demand due to the growing electricity demand across the globe, Along with this, strict environment norms regarding electricity consumption factor is also expected to grow this market. However, this market is expected to restrict due to the high initial cost and maintenance cost.

The global cogeneration equipment market is segmented on the basis of capacity, technology, fuel, and application. By application, CHP is widely used in a broad range of applications including residential buildings, oil & gas production facilities and commercial applications such as hospitals, colleges, and shopping complexes. The global cogeneration equipment market is expected to boom in Europe natural gas availability in countries such as Germany and Russia. Also, this market is anticipated to rapid growth in the Asia Pacific region because of increasing CHP systems demand from the industrial sector in countries such as China, India, and South Korea.

Key Factors Impacting Market Growth:

  • Increasing application scope of CHP systems in end-use industries

  • High initial investment requirement along with difficulty in proper utility connection

  • growing demand for energy efficiency in the industries and rising use of natural gas for power generation

Regional Outlook:

The regional outlook for cogeneration equipment market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for cogeneration equipment market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of cogeneration equipment market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. Asia Pacific is estimated one of the fastest growing regions for cogeneration equipment market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Turner Crane, Allied Equipments Inc. and Caterpillar Inc. Other key players operating in the market include GE Energy, Mitsubishi Heavy Industries Ltd., Baxi Group, Siemens AG, Rolls Royce PLC., Alstorm Power, Cidea Uno Inc., Almeg Controls, Perry Process Equipment Ltd., US Green Energy Ltd., Solar Turbines Inc.

Market Segmentation:

By Capacity:

  • Upto 30 MW

  • 31- 60 MW

  • 61- 100 MW

By Technology:

  • Steam Turbine

  • Gas Turbine

  • Combined Cycle Gas Turbine

  • Reciprocating Engine

By Fuel:

  • Biomass

  • Coal

  • Natural Gas

By Application:

  • Industrial

  • Residential

  • Commercial

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Capacity

    • By Technology

    • By Fuel

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Capacity

    • By Technology

    • By Fuel

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Capacity

    • By Technology

    • By Fuel

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Capacity

    • By Technology

    • By Fuel

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Capacity

    • By Technology

    • By Fuel

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Capacity

    • By Technology

    • By Fuel

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global cogeneration equipment market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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