United States Cogeneration Equipment Market Set for Strong Growth as Demand for Efficient Power Solutions Accelerates 2025 | Major key players - Rolls-Royce plc, Siemens, GE Vernova

Market Size and Growth:

The Cogeneration Equipment Market reached US$29.91 billion in 2024 and is expected to reach US$52.24 billion by 2032, growing with a CAGR of 7.22% during the forecast period 2025-2032.

The Cogeneration Equipment Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Cogeneration Equipment market report is an essential resource for market participants who are looking to gain a comprehensive understanding of the market and identify opportunities for growth.

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The Cogeneration Equipment Market refers to systems that simultaneously produce electricity and useful heat from a single energy source, such as natural gas, biomass, or coal. These systems improve energy efficiency, reduce fuel costs, and lower emissions, making them valuable for industrial, commercial, and residential applications while supporting sustainable energy goals and decentralized power generation.

Recent Key Developments of United States (U.S):

Investment in Data Center Infrastructure: Driven by the demand for AI, the U.S. energy and natural resources sector saw a significant increase in M&A activity in the first half of 2025, with a focus on acquiring transmission and flexible generation assets. This includes cogeneration, which is seen as a way to meet the electricity needs of data centers and other high-demand applications.

Focus on Policy Uncertainty: The U.S. energy market in 2025 is characterized by significant uncertainty due to potential policy changes, including a possible freeze on funding from the Inflation Reduction Act (IRA). This is creating challenges for organizations evaluating the return on investment for new cogeneration projects and may lead to a greater reliance on state-level incentives.

Technological Innovation: There is an ongoing trend of product innovation in the cogeneration market. This includes the integration of digital monitoring platforms and predictive analytics to improve operational efficiency and the development of modular, flexible fuel systems.

Growth of Hydrogen-Compatible Technologies: A defining trend is the adoption of hydrogen-compatible technologies in cogeneration equipment. Companies are developing systems that can blend or fully switch to hydrogen to meet decarbonization goals.

Expansion of Services: In January 2025, Catalyst Power expanded its cogeneration services to Connecticut and Massachusetts, targeting businesses with aging heating systems. This indicates a growing market for on-site, modular systems that can achieve high thermal efficiency and help businesses reduce energy costs and emissions.

Key Players:

Rolls-Royce plc
Kawasaki Heavy Industries, Ltd.
MITSUBISHI HEAVY INDUSTRIES, LTD.
Siemens
GE Vernova
Wärtsilä
AB HOLDING SPA
Clarke Energy
YANMAR HOLDINGS CO., LTD.
Cummins Inc.

This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Market Segmentation:

By Fuel: Coal, Natural Gas, Biomass, Others.

By Technology: Steam Turbines, Gas Turbines, Reciprocating Engines, Others.

By Capacity: Up to 30 MW, 31-50 MW, 31-50 MW.

By Application: Industrial, Commercial, Residential.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Cogeneration Equipment market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Cogeneration Equipment Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The global Cogeneration Equipment market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Cogeneration Equipment Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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