Cogeneration Equipment Market to Record an Exponential CAGR by 2027

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Cogeneration Equipment Market

• Global Industry Analysis, Size, Share, Growth,
  Trends and Forecast, 2027

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Research Insights

• The global cogeneration equipment market is
  largely consolidated in nature, observes
  Transparency Market Research (TMR) in a new
  report.
• To further bolster their foothold, leading
  players in this market are forging alliances with
  original equipment manufacturers (OEMs) of
  various end-use industries.
• These companies are also investing in research to
  introduce innovative products, which will help
  them gain competitive advantage. They are also
  vying to tap growth opportunities in emerging
  economies, especially in Asia Pacific, which in
  turn will expand their geographical presence.

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Depletion of Fossil Fuels Necessitating
Sustainable Alternatives for Energy Generation
Drives Growth

• Globally, ever-increasing energy needs along with
  depletion of fossil fuels is necessitating the
  adoption of alternate techniques for energy
  generation such as cogeneration.
• Government initiatives for energy conservation
  and the need to tackle climatic changes have led
  to the adoption of cogeneration, which in turn is
  benefitting the cogeneration equipment market.
• Some of the cogeneration equipment are
  reciprocating engines, steam turbines, electric
  generators, boilers, heat recovery steam, and gas
  turbines. Cogeneration or combined heat and power
  involves generation of heat and electricity
  simultaneously from a single fuel source such as
  biomass, natural gas, waste heat, wood, coal, or
  oil.
• Cogeneration is used across a host of areas such
  as shopping complexes, residential buildings, oil
  and gas production facilities, hospitals,
  universities, and small and large industries.

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Competition Landscape

• BDR Thermea, Siemens AG,
• Mitsubishi Heavy Industries Ltd.,
• Clarke Energy,
• Innovate Steam Technologies,
• Foster Wheeler AG,
• ANDRITZ Energy Environment GmbH,
• 2G Energy, ABB,
• Aegis Energy Services Inc.,
• Rolls Royce Plc.,
• Innovate Steam Technologies,
• Kawasaki Heavy Industries.

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