Cogeneration Equipment Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast 2020 to 2028

Global Cogeneration Equipment Market Projected to Grow due to Increasing Demand for Energy Generation

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.
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.

Key Takeaways of the Cogeneration Equipment Market Study

1. The depletion of fossil fuels has necessitated the adoption of alternate techniques for energy generation such as cogeneration.
2. Government initiatives for energy conservation and the need to address climatic changes have led to the adoption of cogeneration, thus benefitting the cogeneration equipment market.
3. The increasing number of renewable energy projects and abundant availability of natural gas in some parts of the world are also stoking growth of cogeneration equipment market.
4. Asia Pacific led the market holding largest market share, the region is anticipated to lead the market during the forecast period.

Notable Development Trends to Open up New Horizons of Growth for Cogeneration Equipment Market

The leading companies in the market focus on product development as well as the acquisition in the market to enhance the market share in the global market during the forecast period.
1. February 19, 2020 – Lochinvar, a manufacturer of energy efficient water heating solutions, launched the Micro CHP XRGI25 cogeneration system.
2. Sep 23, 2019 – SDCL Energy Efficiency Income Trust plc, the first UK-listed investment company of its kind to invest exclusively in the energy efficiency sector, has agreed to acquire a portfolio in Spain for approximately €64 million.

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Major points covered in the report:

1. Macroeconomic factors affecting the Cogeneration Equipment market and its potential
2. Cogeneration Equipment Market dynamics, such as drivers, challenges, and trends
3. Detailed value chain analysis of the Cogeneration Equipment market
4. The cost structure of the products and segments covered in the study
5. In-depth pricing analysis, by key product segments, regions and by major market participants
6. Analysis of demand and supply, such as top manufacturing and consuming regions, overall trade scenario with imports/exports details
7. Analysis of the market structure, including a tier-wise categorization of key market participants
8. Competitive landscape of the Cogeneration Equipment market, including detailed profiles of the top players in this market
Some of the major players in the Cogeneration Equipment market are 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
•
o By Country (US, Canada, Mexico)
o By Capacity
o By Technology
o By Fuel
o By Application
• Western Europe
•
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Capacity
o By Technology
o By Fuel
o By Application
• Eastern Europe
•
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Capacity
o By Technology
o By Fuel
o By Application
• Asia Pacific
•
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Capacity
o By Technology
o By Fuel
o By Application
• Middle East
•
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Capacity
o By Technology
o By Fuel
o By Application
• Rest of the World
•
o By Region (South America, Africa)
o By Capacity
o By Technology
o By Fuel
o 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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This release was published on openPR.