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Cogeneration Equipment Market

Global Cogeneration Equipment Market Size, Share, Forecast: By Fuel: Natural Gas, Biomass, Coal, Others; By Capacity: Up to 30 MW, 31 MW-60 MW, 61 MW-100 MW; By Technology: Reciprocating Engine, Steam Turbine, Combined Cycle Gas Turbine, Gas Turbine, Others; By Application; Regional Analysis; Competitive Landscape; 2024-2032

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 2024-2032.

 

The demand for cogeneration equipment is increasing as it is more efficient, environmentally friendly, and needs less fuel to generate a given energy output.

 

Global Cogeneration Equipment Market

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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.

 

Global Cogeneration Equipment Market By Fuel

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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.

 

Global Cogeneration Equipment Market By Region

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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
  • Others

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
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
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Kawasaki Heavy Industries Ltd
  • Bosch Terotechnology Limited
  • Clarke Energy
  • Mitsubishi Heavy Industries Ltd
  • Andritz Energy & Environment Gmbh
  • Siemens AG
  • Others
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 (2018-2023) 
    8.3    Global Cogeneration Equipment Market Forecast (2024-2032)
    8.4    Global Cogeneration Equipment Market by Fuel
        8.4.1    Natural Gas
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Biomass
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Coal
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Others
    8.5    Global Cogeneration Equipment Market by Capacity 
        8.5.1    Up to 30 MW
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    31 MW-60 MW
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    61 MW-100 MW
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Cogeneration Equipment Market by Technology
        8.6.1    Reciprocating Engine
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Steam Turbine
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Combined Cycle Gas Turbine
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Gas Turbine
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Cogeneration Equipment Market by Application
        8.7.1    Commercial 
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Industrial
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Residential
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)   
    8.8    Global Cogeneration Equipment Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023)
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023)
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023)
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023)
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023)
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Cogeneration Equipment Market Analysis
    9.1    United States of America
        9.1.1    Historical Trend (2018-2023)
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023)
        9.2.2    Forecast Trend (2024-2032)
10    Europe Cogeneration Equipment Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023)
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023)
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Cogeneration Equipment Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023)
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023)
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023)
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Cogeneration Equipment Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Cogeneration Equipment Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023)
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023)
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023)
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023)
        13.4.2    Forecast Trend (2024-2032)
    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 2032
2.    Global Cogeneration Equipment Historical Market: Breakup by Fuel (USD Million), 2018-2023
3.    Global Cogeneration Equipment Market Forecast: Breakup by Fuel (USD Million), 2024-2032
4.    Global Cogeneration Equipment Historical Market: Breakup by Capacity (USD Million), 2018-2023
5.    Global Cogeneration Equipment Market Forecast: Breakup by Capacity (USD Million), 2024-2032
6.    Global Cogeneration Equipment Historical Market: Breakup by Technology (USD Million), 2018-2023
7.    Global Cogeneration Equipment Market Forecast: Breakup by Technology (USD Million), 2024-2032
8.    Global Cogeneration Equipment Historical Market: Breakup by Application (USD Million), 2018-2023
9.    Global Cogeneration Equipment Market Forecast: Breakup by Application (USD Million), 2024-2032
10.    Global Cogeneration Equipment Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Cogeneration Equipment Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Cogeneration Equipment Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Cogeneration Equipment Market Forecast: Breakup by Country (USD Million), 2024-2032
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 2024-2032.

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 2024-2032, 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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