The global market for Cogeneration Equipment is estimated at US$63.8 Billion in 2023 and is projected to reach US$114.8 Billion by 2030, growing at a CAGR of 8.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the cogeneration equipment market is driven by several factors. Rising energy costs and the need for more efficient energy utilization are primary drivers, as businesses and industries seek to reduce operational expenses and enhance sustainability. Government incentives and regulatory frameworks promoting energy efficiency and renewable energy sources are also propelling market growth. The increasing adoption of distributed energy generation and the growing awareness of environmental impacts are further boosting the demand for CHP systems. Moreover, the advancement in fuel-flexible and low-emission technologies, along with the expansion of urbanization and industrialization in emerging economies, is expanding the market`s reach. These factors, combined with the continuous push towards reducing carbon footprints and achieving energy independence, are expected to sustain the robust growth of the cogeneration equipment market in the coming years.
The growth in the cogeneration equipment market is driven by several factors. Rising energy costs and the need for more efficient energy utilization are primary drivers, as businesses and industries seek to reduce operational expenses and enhance sustainability. Government incentives and regulatory frameworks promoting energy efficiency and renewable energy sources are also propelling market growth. The increasing adoption of distributed energy generation and the growing awareness of environmental impacts are further boosting the demand for CHP systems. Moreover, the advancement in fuel-flexible and low-emission technologies, along with the expansion of urbanization and industrialization in emerging economies, is expanding the market`s reach. These factors, combined with the continuous push towards reducing carbon footprints and achieving energy independence, are expected to sustain the robust growth of the cogeneration equipment market in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Natural Gas-based Cogeneration Equipment segment, which is expected to reach US$34.3 Billion by 2030 with a CAGR of a 9.3%. The Natural Gas / LPG-based Cogeneration Equipment segment is also set to grow at 9.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $16.7 Billion in 2023, and China, forecasted to grow at an impressive 12.6% CAGR to reach $28.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Cogeneration Equipment Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Cogeneration Equipment Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Cogeneration Equipment Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as 2G Energy Inc., AB Holding SpA, ABB Limited, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 23 Featured):
- 2G Energy Inc.
- AB Holding SpA
- ABB Limited
- Aegis Energy Services, Inc.
- Ameresco, Inc.
- ANDRITZ Energy & Environment GmbH
- Baxi SpA
- BDR Thermea Group BV
- Bosch Industriekessel GmbH
- Burmeister & Wain Scandinavian Contractor A/S
- Capstone Turbine Corporation
- Centrica Business Solutions
- Clarke Energy
- GE Power
- Kawasaki Heavy Industries, Ltd.
- LOINTEK
- Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET)
- Rolls Royce Plc.
- Siemens AG
- Sumitomo SHI FW
- Tecogen Inc.
- The Viessmann Group
- Veolia Environnement S.A.
- YANMAR Co., Ltd.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- 2G Energy Inc.
- AB Holding SpA
- ABB Limited
- Aegis Energy Services, Inc.
- Ameresco, Inc.
- ANDRITZ Energy & Environment GmbH
- Baxi SpA
- BDR Thermea Group BV
- Bosch Industriekessel GmbH
- Burmeister & Wain Scandinavian Contractor A/S
- Capstone Turbine Corporation
- Centrica Business Solutions
- Clarke Energy
- GE Power
- Kawasaki Heavy Industries, Ltd.
- LOINTEK
- Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET)
- Rolls Royce Plc.
- Siemens AG
- Sumitomo SHI FW
- Tecogen Inc.
- The Viessmann Group
- Veolia Environnement S.A.
- YANMAR Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 264 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 63.8 Billion |
Forecasted Market Value ( USD | $ 114.8 Billion |
Compound Annual Growth Rate | 8.8% |
Regions Covered | Global |
No. of Companies Mentioned | 24 |