Global Cogeneration Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global cogeneration equipment market in its upcoming report titled, “Global Cogeneration Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global cogeneration equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global cogeneration equipment market report has been segmented on the basis of capacity, technology, application, and region.

Cogeneration equipment are used to generate electricity and heat simultaneously. Cogeneration equipment consists of combustion turbines, steam turbines with boilers, reciprocating engines, generators, fuel cells, micro-turbines, heat recovery steam generators, waste heat boilers, and control systems.

Growing energy demand and increasing number of renewable energy projects across the globe are key factors driving growth of the global cogeneration equipment market. In addition, cogeneration equipment offers many benefits such as reduced energy cost, reduction in carbon emissions, and reduction in energy wastage which collectively is expected to boost demand for cogeneration equipment and fuel growth of the global cogeneration equipment market over the forecast period. Moreover, stringent environmental regulations for lowering of carbon emissions is also expected to drive growth of the global market to a certain extent.

However, high costs associated with implementation of cogeneration equipment is a major factor restraining growth of the global cogeneration equipment market. Additionally, lack of awareness and limited availability of skilled workforce are other factors expected to hamper growth of the global cogeneration equipment market over the forecast period.

Growing demand for micro cogeneration equipment from houses and small business as a more cost-effective method of utilizing gas to generate energy at the domestic level, which is another factor expected to generate potential opportunity for market players over the forecast period.

The market in Asia Pacific is expected to account for highest share in terms of revenue and is expected to maintain its dominance over the forecast period. This dominance can be attributed to rising demand for cogeneration equipment from manufacturing industries and growing electricity demand in emerging economies such as China and India. The market in Europe accounted for second-highest revenue share in the global market, due to availability of natural gas in countries in the region. Moreover, the North America market is expected to register significant growth in the global market, owing to growing preference for renewable energy in the region. The market in Middle East & Africa and Latin America are projected to register moderate growth in the target market over the forecast period.

Global Cogeneration Equipment Market:

By Capacity:

• Upto 30 MW
• 31MW -60 MW
• 61 MW- 100 MW

By Technology:

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

By Application:

• Industrial
• Residential
• Commercial

By Region:

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