PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1906794
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1906794
Global Cogeneration Equipment Market Size study & Forecast, by Type, by Fuel Type, by Captivity Range and End Use Industry and Regional Forecasts 2025-2035
The Global Cogeneration Equipment Market is valued at approximately USD 31.02 billion in 2024 and is poised to grow at a CAGR of around 9.6% throughout the forecast period of 2025-2035. Cogeneration equipment-often referred to as combined heat and power (CHP) systems-has steadily evolved into a cornerstone technology for industries seeking to optimize energy efficiency, reduce operational costs, and comply with stringent sustainability mandates. Operating on the principle of simultaneous heat and electricity generation, CHP systems allow facilities to squeeze far more value out of every unit of fuel consumed. The global market continues to expand as corporations push to diversify energy portfolios, decrease emissions, and upgrade aging generation infrastructure, thereby fueling investments in advanced cogeneration technologies worldwide.
Demand for CHP systems has accelerated in recent years as businesses look to buffer themselves against rising energy prices and tightening carbon regulations. Natural-gas-fired cogeneration solutions, in particular, have surged as industries pursue a cleaner alternative to conventional combustion-based power systems. Growing industrialization across emerging economies and the adoption of distributed energy systems underpin this momentum. Moreover, governments in multiple regions are rolling out incentive schemes and policy frameworks that uplift investment in energy-efficient technologies. However, the rapid penetration of renewable energy sources-such as solar and wind-may soften long-term growth trajectories by altering the competitive landscape for cogeneration deployments between 2025 and 2035.
The detailed segments and sub-segments included in the report are:
By Type:
- Gas Turbines
- Gas Engines
By Fuel Type:
- Natural Gas
- Diesel
By Captivity Range:
- Up to 1 MW
- 1 to 10 MW
By End Use Industry:
- Power Generation
- Industrial
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
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Gas Turbines are Expected to Dominate the Market
Amid rising global energy consumption, gas turbines continue to secure the largest share of the cogeneration equipment market. Their dominance stems from their ability to deliver exceptionally high power output, unparalleled operational efficiency, and superior reliability-especially in large-scale commercial and industrial facilities. Gas turbine-based CHP systems have been widely embraced by utilities and heavy industries seeking to streamline energy production without compromising performance. The segment's growth has also been accelerated by technological refinements that enhance fuel flexibility and reduce pollutant emissions. Although gas engines are steadily gaining attention for smaller decentralized applications, gas turbines maintain their stronghold as the market's most influential segment.
Natural Gas-Based Cogeneration Systems Lead in Revenue Contribution
When viewed through the lens of fuel type, natural-gas-powered cogeneration systems emerge as the highest revenue contributor and maintain a commanding position across global markets. Their appeal lies in significantly lower emissions, abundant availability, reduced maintenance requirements, and overall lifecycle cost advantages. While diesel-based CHP units continue to serve specific industrial environments where fuel accessibility and power resilience are prioritized, the shift toward cleaner fuels has allowed natural gas to surpass diesel both in adoption rate and in market value. Furthermore, ongoing expansion of gas pipeline infrastructure and incentives promoting greener combustion technologies are expected to further accelerate the penetration of natural gas systems throughout the coming decade.
The key regions considered for the Global Cogeneration Equipment Market study include Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. North America held the dominant market share in 2025, powered by a mature industrial base, heightened electricity reliability requirements, and extensive natural gas availability. Continuous modernization of power infrastructure and ambitious sustainability targets have further reinforced the region's strong market position. Meanwhile, Asia Pacific is projected to grow at the fastest pace over the forecast period. Rapid urbanization, soaring industrial output in China and India, increasing energy security concerns, and favorable regulatory policies encouraging adoption of distributed generation systems are collectively propelling the region's cogeneration market forward. Europe also remains a key participant, driven by its aggressive decarbonization agenda and stringent energy-efficiency directives.
Major market players included in this report are:
- General Electric
- Siemens Energy
- Mitsubishi Heavy Industries
- Caterpillar Inc.
- Wartsila Corporation
- MAN Energy Solutions
- ABB Ltd.
- Bosch Thermotechnology
- Kawasaki Heavy Industries
- 2G Energy AG
- Capstone Green Energy Corporation
- Veolia Group
- Doosan Skoda Power
- Solar Turbines Incorporated
- Rolls-Royce plc
Global Cogeneration Equipment Market Report Scope:
- Historical Data - 2023, 2024
- Base Year for Estimation - 2024
- Forecast period - 2025-2035
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent to up to 8 analysts' 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 and countries in recent years and to forecast the values for the coming years. The report aims to integrate both qualitative and quantitative perspectives across the regions included in the research. It offers insights into critical growth drivers, structural challenges, and evolving market dynamics that will influence future expansion. Additionally, it highlights opportunities within emerging micro-markets where stakeholders can strategically position themselves and evaluates competitive landscapes, product portfolios, and innovation footprints of key industry participants. The detailed segments and sub-segments of the market are explained above.
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2025 to 2035.
- Annualized revenues and regional-level analysis for each market segment.
- Detailed analysis of the geographical landscape with country-level breakdowns.
- Competitive landscape with profiles of major market players.
- Evaluation of strategic business approaches and recommendations for future positioning.
- Comprehensive assessment of demand-side and supply-side market drivers.
Table of Contents
Chapter 1. Global Cogeneration Equipment Market Report Scope & Methodology
- 1.1. Research Objective
- 1.2. Research Methodology
- 1.2.1. Forecast Model
- 1.2.2. Desk Research
- 1.2.3. Top Down and Bottom-Up Approach
- 1.3. Research Attributes
- 1.4. Scope of the Study
- 1.4.1. Market Definition
- 1.4.2. Market Segmentation
- 1.5. Research Assumption
- 1.5.1. Inclusion & Exclusion
- 1.5.2. Limitations
- 1.5.3. Years Considered for the Study
Chapter 2. Executive Summary
- 2.1. CEO/CXO Standpoint
- 2.2. Strategic Insights
- 2.3. ESG Analysis
- 2.4. key Findings
Chapter 3. Global Cogeneration Equipment Market Forces Analysis
- 3.1. Market Forces Shaping The Global Cogeneration Equipment Market (2024-2035)
- 3.2. Drivers
- 3.2.1. Surging Initiatives to decrease emissions
- 3.2.2. Increasing need to upgrade aging generation infrastructure
- 3.3. Restraints
- 3.3.1. High investment need
- 3.4. Opportunities
- 3.4.1. rising energy prices and tightening carbon regulations
Chapter 4. Global Cogeneration Equipment Industry Analysis
- 4.1. Porter's 5 Forces Model
- 4.1.1. Bargaining Power of Buyer
- 4.1.2. Bargaining Power of Supplier
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Forecast Model (2024-2035)
- 4.3. PESTEL 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 Opportunities
- 4.5. Top Winning Strategies (2025)
- 4.6. Market Share Analysis (2024-2025)
- 4.7. Global Pricing Analysis And Trends 2025
- 4.8. Analyst Recommendation & Conclusion
Chapter 5. Global Cogeneration Equipment Market Size & Forecasts by Type 2025-2035
- 5.1. Market Overview
- 5.2. Global Cogeneration Equipment Market Performance - Potential Analysis (2025)
- 5.3. Gas Turbines
- 5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.3.2. Market size analysis, by region, 2025-2035
- 5.4. Gas Engines
- 5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 5.4.2. Market size analysis, by region, 2025-2035
Chapter 6. Global Cogeneration Equipment Market Size & Forecasts by Fuel Type 2025-2035
- 6.1. Market Overview
- 6.2. Global Cogeneration Equipment Market Performance - Potential Analysis (2025)
- 6.3. Natural Gas
- 6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.3.2. Market size analysis, by region, 2025-2035
- 6.4. Diesel
- 6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 6.4.2. Market size analysis, by region, 2025-2035
Chapter 7. Global Cogeneration Equipment Market Size & Forecasts by Captivity Range 2025-2035
- 7.1. Market Overview
- 7.2. Global Cogeneration Equipment Market Performance - Potential Analysis (2025)
- 7.3. Up to 1 MW
- 7.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.3.2. Market size analysis, by region, 2025-2035
- 7.4. 1 to 10 MW
- 7.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 7.4.2. Market size analysis, by region, 2025-2035
Chapter 8. Global Cogeneration Equipment Market Size & Forecasts by End Use Industry 2025-2035
- 8.1. Market Overview
- 8.2. Global Cogeneration Equipment Market Performance - Potential Analysis (2025)
- 8.3. Power generation
- 8.3.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.3.2. Market size analysis, by region, 2025-2035
- 8.4. Industrial
- 8.4.1. Top Countries Breakdown Estimates & Forecasts, 2024-2035
- 8.4.2. Market size analysis, by region, 2025-2035
Chapter 9. Global Cogeneration Equipment Market Size & Forecasts by Region 2025-2035
- 9.1. Growth Cogeneration Equipment Market, Regional Market Snapshot
- 9.2. Top Leading & Emerging Countries
- 9.3. North America Cogeneration Equipment Market
- 9.3.1. U.S. Cogeneration Equipment Market
- 9.3.1.1. Type breakdown size & forecasts, 2025-2035
- 9.3.1.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.3.1.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.3.1.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.3.2. Canada Cogeneration Equipment Market
- 9.3.2.1. Type breakdown size & forecasts, 2025-2035
- 9.3.2.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.3.2.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.3.2.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.3.1. U.S. Cogeneration Equipment Market
- 9.4. Europe Cogeneration Equipment Market
- 9.4.1. UK Cogeneration Equipment Market
- 9.4.1.1. Type breakdown size & forecasts, 2025-2035
- 9.4.1.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.4.1.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.4.1.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.4.2. Germany Cogeneration Equipment Market
- 9.4.2.1. Type breakdown size & forecasts, 2025-2035
- 9.4.2.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.4.2.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.4.2.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.4.3. France Cogeneration Equipment Market
- 9.4.3.1. Type breakdown size & forecasts, 2025-2035
- 9.4.3.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.4.3.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.4.3.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.4.4. Spain Cogeneration Equipment Market
- 9.4.4.1. Type breakdown size & forecasts, 2025-2035
- 9.4.4.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.4.4.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.4.4.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.4.5. Italy Cogeneration Equipment Market
- 9.4.5.1. Type breakdown size & forecasts, 2025-2035
- 9.4.5.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.4.5.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.4.5.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.4.6. Rest of Europe Cogeneration Equipment Market
- 9.4.6.1. Type breakdown size & forecasts, 2025-2035
- 9.4.6.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.4.6.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.4.6.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.4.1. UK Cogeneration Equipment Market
- 9.5. Asia Pacific Cogeneration Equipment Market
- 9.5.1. China Cogeneration Equipment Market
- 9.5.1.1. Type breakdown size & forecasts, 2025-2035
- 9.5.1.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.5.1.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.5.1.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.5.2. India Cogeneration Equipment Market
- 9.5.2.1. Type breakdown size & forecasts, 2025-2035
- 9.5.2.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.5.2.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.5.2.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.5.3. Japan Cogeneration Equipment Market
- 9.5.3.1. Type breakdown size & forecasts, 2025-2035
- 9.5.3.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.5.3.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.5.3.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.5.4. Australia Cogeneration Equipment Market
- 9.5.4.1. Type breakdown size & forecasts, 2025-2035
- 9.5.4.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.5.4.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.5.4.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.5.5. South Korea Cogeneration Equipment Market
- 9.5.5.1. Type breakdown size & forecasts, 2025-2035
- 9.5.5.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.5.5.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.5.5.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.5.6. Rest of APAC Cogeneration Equipment Market
- 9.5.6.1. Type breakdown size & forecasts, 2025-2035
- 9.5.6.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.5.6.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.5.6.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.5.1. China Cogeneration Equipment Market
- 9.6. Latin America Cogeneration Equipment Market
- 9.6.1. Brazil Cogeneration Equipment Market
- 9.6.1.1. Type breakdown size & forecasts, 2025-2035
- 9.6.1.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.6.1.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.6.1.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.6.2. Mexico Cogeneration Equipment Market
- 9.6.2.1. Type breakdown size & forecasts, 2025-2035
- 9.6.2.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.6.2.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.6.2.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.6.1. Brazil Cogeneration Equipment Market
- 9.7. Middle East and Africa Cogeneration Equipment Market
- 9.7.1. UAE Cogeneration Equipment Market
- 9.7.1.1. Type breakdown size & forecasts, 2025-2035
- 9.7.1.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.7.1.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.7.1.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.7.2. Saudi Arabia (KSA) Cogeneration Equipment Market
- 9.7.2.1. Type breakdown size & forecasts, 2025-2035
- 9.7.2.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.7.2.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.7.2.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.7.3. South Africa Cogeneration Equipment Market
- 9.7.3.1. Type breakdown size & forecasts, 2025-2035
- 9.7.3.2. Fuel Type breakdown size & forecasts, 2025-2035
- 9.7.3.3. Captivity Range breakdown size & forecasts, 2025-2035
- 9.7.3.4. End Use Industry breakdown size & forecasts, 2025-2035
- 9.7.1. UAE Cogeneration Equipment Market
Chapter 10. Competitive Intelligence
- 10.1. Top Market Strategies
- 10.2. General Electric
- 10.2.1. Company Overview
- 10.2.2. Key Executives
- 10.2.3. Company Snapshot
- 10.2.4. Financial Performance (Subject to Data Availability)
- 10.2.5. Product/Services Port
- 10.2.6. Recent Development
- 10.2.7. Market Strategies
- 10.2.8. SWOT Analysis
- 10.3. Siemens Energy
- 10.4. Mitsubishi Heavy Industries
- 10.5. Caterpillar Inc.
- 10.6. Wartsila Corporation
- 10.7. MAN Energy Solutions
- 10.8. ABB Ltd.
- 10.9. Bosch Thermotechnology
- 10.10. Kawasaki Heavy Industries
- 10.11. 2G Energy AG
- 10.12. Capstone Green Energy Corporation
- 10.13. Veolia Group
- 10.14. Doosan Skoda Power
- 10.15. Solar Turbines Incorporated
- 10.16. Rolls-Royce plc
