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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
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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
- 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:
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| Breakup by Fuel |
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| Breakup by Capacity |
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| Breakup by Technology |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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