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Global Cogeneration Equipment Market: By Fuel: Natural Gas, Biomass, Coal; By Capacity; By Technology: Reciprocating Engine, Steam Turbine, Combined Cycle Gas Turbine, Gas Turbine; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Cogeneration Equipment Market Outlook
The global cogeneration equipment market is projected to grow at a CAGR of around 6% in the forecast period of 2023-2028.
The demand for cogeneration equipment is increasing as it is more efficient, environmentally friendly, and needs less fuel to generate a given energy output.
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Market Segmentation
Combined heat and power systems are also known as cogeneration power plants or equipment. They are designed to produce electrical power and heat for use in process applications.
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The fuels used in the industry can be divided into the following:
- Natural Gas
- Biomass
- Coal
- Others
The capacity of cogeneration equipment can be segmented into:
- Up to 30 MW
- 31MW-60 MW
- 61 MW-100 MW
The industry can be broadly categorised on the basis of technology into:
- Reciprocating Engine
- Steam Turbine
- Combined Cycle Gas Turbine
- Gas Turbine
- Others
The EMR report looks into the regional markets of cogeneration equipment like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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Market Analysis
The industry is witnessing a boost owing to the growing emphasis by governments of both developed as well as emerging nations on the production of clean, renewable, and efficient energy. Several technological innovations are also propelling the growth of the industry further. For example, the introduction of Tri-and Quattro-power generation systems have enabled the simultaneous generation of three and more forms of energy, which contributes to a better and more efficient conversion of energy.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global cogeneration equipment market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kawasaki Heavy Industries Ltd
- Bosch Terotechnology Limited
- Clarke Energy
- Mitsubishi Heavy Industries Ltd
- ANDRITZ Energy & Environment GmbH
- Siemens AG
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Fuel, Capacity, Technology, Application, Region |
| Breakup by Fuel | 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 | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Kawasaki Heavy Industries Ltd, 7012 (TYO), Bosch Terotechnology Limited, Clarke Energy, Mitsubishi Heavy Industries Ltd., 7011 (TYO), ANDRITZ Energy & Environment GmbH, Siemens AG, SIE (ETR) |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Cogeneration Equipment Market Analysis
8.1 Key Industry Highlights
8.2 Global Cogeneration Equipment Historical Market (2018-2022)
8.3 Global Cogeneration Equipment Market Forecast (2023-2028)
8.4 Global Cogeneration Equipment Market by Fuel
8.4.1 Natural Gas
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Biomass
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Coal
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Cogeneration Equipment Market by Capacity
8.5.1 Up to 30 MW
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 31 MW-60 MW
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 61 MW-100 MW
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.6 Global Cogeneration Equipment Market by Technology
8.6.1 Reciprocating Engine
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Steam Turbine
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Combined Cycle Gas Turbine
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Gas Turbine
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Cogeneration Equipment Market by Application
8.7.1 Commercial
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Industrial
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Residential
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.8 Global Cogeneration Equipment Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Cogeneration Equipment Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Cogeneration Equipment Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Cogeneration Equipment Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Cogeneration Equipment Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Cogeneration Equipment Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Kawasaki Heavy Industries Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bosch Terotechnology Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Clarke Energy
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mitsubishi Heavy Industries Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Andritz Energy & Environment Gmbh
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Siemens AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Cogeneration Equipment Market: Key Industry Highlights, 2018 and 2028
2. Global Cogeneration Equipment Historical Market: Breakup by Fuel (USD Million), 2018-2022
3. Global Cogeneration Equipment Market Forecast: Breakup by Fuel (USD Million), 2023-2028
4. Global Cogeneration Equipment Historical Market: Breakup by Capacity (USD Million), 2018-2022
5. Global Cogeneration Equipment Market Forecast: Breakup by Capacity (USD Million), 2023-2028
6. Global Cogeneration Equipment Historical Market: Breakup by Technology (USD Million), 2018-2022
7. Global Cogeneration Equipment Market Forecast: Breakup by Technology (USD Million), 2023-2028
8. Global Cogeneration Equipment Historical Market: Breakup by Application (USD Million), 2018-2022
9. Global Cogeneration Equipment Market Forecast: Breakup by Application (USD Million), 2023-2028
10. Global Cogeneration Equipment Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Cogeneration Equipment Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Cogeneration Equipment Market Structure
Key Questions Answered in the Report
The global cogeneration equipment market is projected to grow at a CAGR of nearly 6% in the forecast period of 2023-2028.
The major drivers of the industry include the rising disposable incomes, increasing population, introduction of Tri-and Quattro-power generation systems, and the equipment’s features including its efficiency, environment friendliness, and less fuel usage to generate a given energy output.
The emphasis by governments of both developed as well as emerging nations on the production of clean, renewable, and efficient energy is expected to be a key trend guiding the growth of the industry.
North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.
The leading fuel segments in the market are natural gas, biomass, and coal, among others.
The significant capacity segments in the industry into up to 30 MW, 31 MW-60 MW, and 61 MW-100 MW.
The major technology segments in the market are reciprocating engine, steam turbine, combined cycle gas turbine, and gas turbine, among others.
The leading players in the market are Kawasaki Heavy Industries Ltd, Bosch Terotechnology Limited, Clarke Energy, Mitsubishi Heavy Industries Ltd., ANDRITZ Energy & Environment GmbH, and Siemens AG.
Analyst Review
The global cogeneration equipment market is primarily being driven by the introduction of Tri-and Quattro-power generation systems. Aided by the favourable features of the product including its efficiency, environment friendliness, and less fuel usage to generate a given energy output, the market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on fuel, the market can be segmented into natural gas, biomass, and coal, among others. By capacity, the industry is divided into Up to 30 MW, 31 MW-60 MW, and 61 MW-100 MW. On the basis of technology, the industry can be segmented into reciprocating engine, steam turbine, combined cycle gas turbine, and gas turbine, among others. The major regional markets for cogeneration equipment are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above industry include Kawasaki Heavy Industries Ltd, Bosch Terotechnology Limited, Clarke Energy, Mitsubishi Heavy Industries Ltd., ANDRITZ Energy & Environment GmbH, and Siemens AG.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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