Global Cogeneration Equipment Market Size study & Forecast, by Fuel Type, by Capacity, by Technology, by Application and Regional Analysis, 2023-2030

Description

List of Tables

Global Cogeneration Equipment Market is valued at approximately USD 25.37 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 9.4% over the forecast period 2023-2030. Cogeneration equipment refers to systems that simultaneously generate electricity and useful heat energy from a single fuel source. It enables efficient utilization of fuel, resulting in reduced energy costs and lower greenhouse gas emissions. The Cogeneration Equipment Market is expanding because of factors such as, rising energy consumption and increasing use of natural gas. Moreover, the increasing utilization of natural gas is increasing the growth of the cogeneration equipment market, as it serves as a reliable and efficient fuel source for cogeneration systems, meeting the rising demand for combined heat and power generation.

According to the Statista in 2023, Global natural gas consumption reached approximately 4.04 trillion cubic meters in 2021, with the United States emerging as the top consumer, accounting for around 30.3 trillion cubic feet in the same year. The cogeneration equipment market is being influenced by the surge in energy consumption, as reported by the Energy Information Administration. Energy consumption witnessed a rise from 11.5 quads in 2020 to 12.2 quads in 2021, highlighting the growing demand for energy and its direct impact on driving the cogeneration equipment market. In addition, increasing focus on sustainable energy solutions and rising demand for decentralized power generation would create a lucrative growth opportunity. However, the higher installation cost and technical complexity stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Cogeneration Equipment Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market during the forecast period owing to the rapid industrial development, strict environmental regulations concerning electricity consumption, and the increasing adoption of renewable energy sources in the region. Asia Pacific is expected to grow fastest during the forecast period, owing to factors such as increasing demand for combined heat and power systems from the industrial sector and the growing power sector to meet the escalating energy requirements in the region.

Major market player included in this report are:

Robert BOSCH GmbH
Siemens AG
Sundrop Fuels Inc.
Innovative Steam Technology, Inc.
Dalkia Aegis, EDF Group
Kawasaki Heavy Industries, Ltd.
Mitsubishi Heavy Industries, Ltd.
2G Energy Inc.
Clarke Energy Ltd.
Capstone Green Energy Corporation

Recent Developments in the Market:

In December 2020, Rolls-Royce plc introduced the MTU gas engine series 5, designed for power generation purposes. This new series is expected to offer a power range of 250 to 550 kilowatts, with peak efficiencies reaching up to 42.6%. The engine is positioned as an environmentally friendly and economically viable solution, catering to various sectors such as industrial, utility, and other relevant applications.
In August 2021, Mitsubishi Heavy Industries Ltd., and Toho Gas announced the successful test running of a commercial gas engine for a cogeneration system. The test used a mixture of hydrogen and city gas as fuel, demonstrating the potential of hydrogen mixed fuel in real applications and its role in improving clean and efficient energy solutions.

Global Cogeneration Equipment Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Fuel Type, Capacity, Technology, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Fuel Type

Natural Gas
Biogas
Coal
Residential
Others

By Capacity

High Capacity
Medium Capacity

By Technology

Steam Turbine
Gas Turbine
Combined Steam gas turbine-based cogeneration system
Reciprocating Engine

By Application

Commercial
Industrial
Residential

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Cogeneration Equipment Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Cogeneration Equipment Market, by Fuel Type, 2020-2030 (USD Billion)
- 1.2.3. Cogeneration Equipment Market, by Capacity, 2020-2030 (USD Billion)
- 1.2.4. Cogeneration Equipment Market, by Technology, 2020-2030 (USD Billion)
- 1.2.5. Cogeneration Equipment Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Cogeneration Equipment Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Cogeneration Equipment Market Dynamics

3.1. Cogeneration Equipment Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising energy consumption
  - 3.1.1.2. Increasing use of natural gas.
- 3.1.2. Market Challenges
  - 3.1.2.1. High installation cost
  - 3.1.2.2. Technical complexity
- 3.1.3. Market Opportunities
  - 3.1.3.1. Increasing focus on sustainable energy solutions
  - 3.1.3.2. Rising demand for decentralized power generation

Chapter 4. Global Cogeneration Equipment Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Cogeneration Equipment Market, by Fuel Type

5.1. Market Snapshot
5.2. Global Cogeneration Equipment Market by Fuel Type, Performance - Potential Analysis
5.3. Global Cogeneration Equipment Market Estimates & Forecasts by Fuel Type 2020-2030 (USD Billion)
5.4. Cogeneration Equipment Market, Sub Segment Analysis
- 5.4.1. Natural Gas
- 5.4.2. Biogas
- 5.4.3. Coal
- 5.4.4. Residential
- 5.4.5. Others

Chapter 6. Global Cogeneration Equipment Market, by Capacity

6.1. Market Snapshot
6.2. Global Cogeneration Equipment Market by Capacity, Performance - Potential Analysis
6.3. Global Cogeneration Equipment Market Estimates & Forecasts by Capacity 2020-2030 (USD Billion)
6.4. Cogeneration Equipment Market, Sub Segment Analysis
- 6.4.1. High Capacity
- 6.4.2. Medium Capacity

Chapter 7. Global Cogeneration Equipment Market, by Technology

7.1. Market Snapshot
7.2. Global Cogeneration Equipment Market by Technology, Performance - Potential Analysis
7.3. Global Cogeneration Equipment Market Estimates & Forecasts by Technology 2020-2030 (USD Billion)
7.4. Cogeneration Equipment Market, Sub Segment Analysis
- 7.4.1. Steam turbine
- 7.4.2. Gas turbine
- 7.4.3. Combined steam gas turbine-based cogeneration system
- 7.4.4. Reciprocating engine

Chapter 8. Global Cogeneration Equipment Market, by Application

8.1. Market Snapshot
8.2. Global Cogeneration Equipment Market by Application, Performance - Potential Analysis
8.3. Global Cogeneration Equipment Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
8.4. Cogeneration Equipment Market, Sub Segment Analysis
- 8.4.1. Commercial
- 8.4.2. Industrial
- 8.4.3. Residential

Chapter 9. Global Cogeneration Equipment Market, Regional Analysis

9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Cogeneration Equipment Market, Regional Market Snapshot
9.4. North America Cogeneration Equipment Market
- 9.4.1. U.S. Cogeneration Equipment Market
  - 9.4.1.1. Fuel Type breakdown estimates & forecasts, 2020-2030
  - 9.4.1.2. Capacity breakdown estimates & forecasts, 2020-2030
  - 9.4.1.3. Technology breakdown estimates & forecasts, 2020-2030
  - 9.4.1.4. Application breakdown estimates & forecasts, 2020-2030
- 9.4.2. Canada Cogeneration Equipment Market
9.5. Europe Cogeneration Equipment Market Snapshot
- 9.5.1. U.K. Cogeneration Equipment Market
- 9.5.2. Germany Cogeneration Equipment Market
- 9.5.3. France Cogeneration Equipment Market
- 9.5.4. Spain Cogeneration Equipment Market
- 9.5.5. Italy Cogeneration Equipment Market
- 9.5.6. Rest of Europe Cogeneration Equipment Market
9.6. Asia-Pacific Cogeneration Equipment Market Snapshot
- 9.6.1. China Cogeneration Equipment Market
- 9.6.2. India Cogeneration Equipment Market
- 9.6.3. Japan Cogeneration Equipment Market
- 9.6.4. Australia Cogeneration Equipment Market
- 9.6.5. South Korea Cogeneration Equipment Market
- 9.6.6. Rest of Asia Pacific Cogeneration Equipment Market
9.7. Latin America Cogeneration Equipment Market Snapshot
- 9.7.1. Brazil Cogeneration Equipment Market
- 9.7.2. Mexico Cogeneration Equipment Market
9.8. Middle East & Africa Cogeneration Equipment Market
- 9.8.1. Saudi Arabia Cogeneration Equipment Market
- 9.8.2. South Africa Cogeneration Equipment Market
- 9.8.3. Rest of Middle East & Africa Cogeneration Equipment Market

Chapter 10. Competitive Intelligence

10.1. Key Company SWOT Analysis
- 10.1.1. Company 1
- 10.1.2. Company 2
- 10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
- 10.3.1. Robert BOSCH GmbH
  - 10.3.1.1. Key Information
  - 10.3.1.2. Overview
  - 10.3.1.3. Financial (Subject to Data Availability)
  - 10.3.1.4. Product Summary
  - 10.3.1.5. Recent Developments
- 10.3.2. Siemens AG
- 10.3.3. Sundrop Fuels Inc.
- 10.3.4. Innovative Steam Technology, Inc.
- 10.3.5. Dalkia Aegis, EDF Group
- 10.3.6. Kawasaki Heavy Industries, Ltd.
- 10.3.7. Mitsubishi Heavy Industries, Ltd.
- 10.3.8. 2G Energy Inc.
- 10.3.9. Clarke Energy Ltd.
- 10.3.10. Capstone Green Energy Corporation

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Cogeneration Equipment Market, report scope
TABLE 2. Global Cogeneration Equipment Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Cogeneration Equipment Market estimates & forecasts by Fuel Type 2020-2030 (USD Billion)
TABLE 4. Global Cogeneration Equipment Market estimates & forecasts by Capacity 2020-2030 (USD Billion)
TABLE 5. Global Cogeneration Equipment Market estimates & forecasts by Technology 2020-2030 (USD Billion)
TABLE 6. Global Cogeneration Equipment Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 7. Global Cogeneration Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Cogeneration Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Cogeneration Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Cogeneration Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Cogeneration Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Cogeneration Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Cogeneration Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Cogeneration Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. Global Cogeneration Equipment Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. Global Cogeneration Equipment Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 17. U.S. Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 18. U.S. Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 19. U.S. Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 21. Canada Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 22. Canada Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 24. UK Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 25. UK Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 27. Germany Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 28. Germany Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 30. France Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 31. France Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 33. Italy Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 34. Italy Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 36. Spain Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 37. Spain Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 39. RoE Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 40. RoE Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 42. China Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 43. China Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 45. India Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 46. India Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 48. Japan Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 49. Japan Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 51. South Korea Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 52. South Korea Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 54. Australia Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 55. Australia Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 57. RoAPAC Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 58. RoAPAC Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 60. Brazil Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 61. Brazil Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 63. Mexico Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 64. Mexico Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 66. RoLA Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 67. RoLA Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. Saudi Arabia Cogeneration Equipment Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 69. South Africa Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 70. RoMEA Cogeneration Equipment Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 71. List of secondary sources, used in the study of global Cogeneration Equipment Market
TABLE 72. List of primary sources, used in the study of global Cogeneration Equipment Market
TABLE 73. Years considered for the study
TABLE 74. Exchange rates considered

List of tables and figures are dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Cogeneration Equipment Market, research methodology
FIG 2. Global Cogeneration Equipment Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Cogeneration Equipment Market, key trends 2022
FIG 5. Global Cogeneration Equipment Market, growth prospects 2023-2030
FIG 6. Global Cogeneration Equipment Market, porters 5 force model
FIG 7. Global Cogeneration Equipment Market, pest analysis
FIG 8. Global Cogeneration Equipment Market, value chain analysis
FIG 9. Global Cogeneration Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Cogeneration Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Cogeneration Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Cogeneration Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Cogeneration Equipment Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Cogeneration Equipment Market, regional snapshot 2020 & 2030
FIG 15. North America Cogeneration Equipment Market 2020 & 2030 (USD Billion)
FIG 16. Europe Cogeneration Equipment Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Cogeneration Equipment Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Cogeneration Equipment Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Cogeneration Equipment Market 2020 & 2030 (USD Billion)