Global Cogeneration Equipment Industry

NEW YORK, Sept. 8, 2020 /PRNewswire/ -- Amid the COVID-19 crisis, the global market for Cogeneration Equipment estimated at US$25.7 Billion in the year 2020, is projected to reach a revised size of US$39.6 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027. Natural Gas, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$23.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Non-Fossil Fuels segment is readjusted to a revised 7% CAGR for the next 7-year period.

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The U.S. Market is Estimated at $7 Billion, While China is Forecast to Grow at 9.9% CAGR

The Cogeneration Equipment market in the U.S. is estimated at US$7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.7 Billion by the year 2027 trailing a CAGR of 9.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Other Fuel Types Segment to Record 2.1% CAGR

In the global Other Fuel Types segment, USA, Canada, Japan, China and Europe will drive the 1.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.1 Billion in the year 2020 will reach a projected size of US$4.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.4 Billion by the year 2027, while Latin America will expand at a 2.8% CAGR through the analysis period. We bring years of research experience to this 19th edition of our report. The 191-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others,

• 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.

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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Cogeneration: The Next Generation Eco-friendly and Energy-
Efficient Technology for Heating and Power Needs
Growth Drivers in a Nutshell
Key Challenges & Constraints
Combined Heat and Power (CHP): Regional Developments Summarized
Recent Market Activity
CHP Technology Revolutionizes the Power Generation Landscape
Cogeneration: A Universal Power Solution
.Achieving Energy Efficiencies of More than 90%
Myriad Benefits & Superior Attributes over Conventional Power
Generation Drive Market Adoption
Cogeneration System Vs Conventional Power System: A Graphical
Representation
Global Market Outlook
Global Competitor Market Shares
Cogeneration Equipment Competitor Market Share Scenario
Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS
2G Energy Inc. (USA)
AB Holding SpA (Italy)
ABB Limited (Switzerland)
Aegis Energy Services, Inc. (USA)
Ameresco, Inc. (USA)
ANDRITZ Energy & Environment GmbH (Austria)
BDR Thermea Group BV (The Netherlands)
Baxi Group Limited (UK)
Bosch Industriekessel GmbH (Germany)
Burmeister & Wain Scandinavian Contractor A/S (Denmark)
Capstone Turbine Corporation (USA)
Clarke Energy (UK)
Cogenra Solar, Inc. (USA)
Centrica Business Solutions (UK)
GE Power (USA)
Kawasaki Heavy Industries, Ltd. (Japan)
LOINTEK (Spain)
Mitsubishi Heavy Industries Engine & Turbocharger, Ltd. (MHIET)
(Japan)
Rolls Royce Plc. (UK)
Siemens AG (Germany)
Solar Turbines Incorporated (USA)
Sumitomo SHI FW (Japan)
Takuma Co., Ltd. (Japan)
Tecogen Inc. (USA)
The Viessmann Group (Germany)
Veolia Environnement S.A. (France)
YANMAR Co., Ltd. (Japan)

3. MARKET TRENDS & DRIVERS
Essential Role of MicroCHP in Realizing Smart Energy Strategies
Drive Healthy Market Growth
Benefits of MicroCHP Energy Generation for Various Residential
and Commercial Application Areas
Japan and Germany: Leading Adopters of Micro CHP Technology
Worldwide
Micro CHP Generation Systems Adoption Driven by Government
Incentives
Shifting Focus of Research from Cogeneration to Small Scale CHP
Systems
Steam Turbines Continues to be the Preferred Prime Mover Used
in the Cogeneration Systems
Gas Turbines
Steam Turbines
Reciprocating Engines
Microturbines
Fuel Cells
Other Equipment
Surging Energy Consumption and the Resulting Increase in Power
Generation Shifts Focus on Cogeneration
Favorable Policies and Developments Provide the Perfect
Platform for Market Growth
Trigeneration and Quattrogeneration: The Next Big Thing in
Combined Heat & Power Generation
Growing Prominence of Heat Energy in Total Energy Consumption
Augurs Well for the Market
District Heating & Cooling: Enabling Superior Pollution Control
and Higher Efficiencies
Industrial Cogeneration: The Dominant End-use Application
Continue to Spearhead Growth
Fuel Shifts in Industrial CHP in Countries across the World
Favor Market Growth
Underpenetrated Commercial CHP Offers Huge Growth Potential
Preferred Solutions for Increased Adoption of Commercial CHP
Systems
Rising Focus on Being Grid-Independent & Self-Reliant Drives
Adoption in Healthcare Facilities
Environmental Benefits of Combined Heat and Power (CHP) Plants
Bodes Well for Market Penetration
Domestic Targets for Greenhouse Gas Emissions of Select
Regions/Countries
Expanding Renewables Share in the Power Generation Mix Spurs
Market Demand
Renewable CHP Gain Ground in Newer Application Areas Other than
the Traditional Industries
Healthy Growth Projected for Gas Turbines Installations in CHP
Plants across the World
Future Gas Turbines to Overcome Current Challenges and Promote
Market Growth
Gas Engines & Gas Turbines for CHP: A Comparison
Increasing Installations of Microgrids Lend Traction to Market
Growth
Increasing Installations of Microgrids Lend Traction to Market
Growth
Adoption of Packaged CHP Systems Gain Momentum
CHP with Biogas: An Effective Approach to Use Distributed Energy
Bagasse Cogeneration: Enormous Potential in Sugar Producing
Countries
Increasing Investments in CHP Plants in the Developing
Countries Offer Significant Growth Opportunities
Favorable Demographic and Urbanization Trends Strengthen Market
Prospects
Rapid Urbanization: A Mega Growth Driver for Cogeneration
Equipment
Key Challenges Hampering Widespread Adoption of Cogeneration
Technology
High Capital Investment
Connectivity to Grid
Lack of Interconnection Standards
Environment Related Issues and Unfavorable Regulations
Need for R&D

4. GLOBAL MARKET PERSPECTIVE
Table 1: Cogeneration Equipment Global Market Estimates and
Forecasts in US$ Million by Region/Country: 2020-2027

Table 2: Cogeneration Equipment Market Share Shift across Key
Geographies Worldwide: 2020 VS 2027

Table 3: Natural Gas (Fuel Type) World Market by Region/Country
in US$ Million: 2020 to 2027

Table 4: Natural Gas (Fuel Type) Market Share Breakdown of
Worldwide Sales by Region/Country: 2020 VS 2027

Table 5: Non-Fossil Fuels (Fuel Type) Potential Growth Markets
Worldwide in US$ Million: 2020 to 2027

Table 6: Non-Fossil Fuels (Fuel Type) Market Sales Breakdown by
Region/Country in Percentage: 2020 VS 2027

Table 7: Other Fuel Types (Fuel Type) Geographic Market Spread
Worldwide in US$ Million: 2020 to 2027

Table 8: Other Fuel Types (Fuel Type) Market Share Distribution
in Percentage by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Cogeneration Equipment Market Share (in %) by Company: 2020 &
2025
Market Analytics
Table 9: United States Cogeneration Equipment Market Estimates
and Projections in US$ Million by Fuel Type: 2020 to 2027

Table 10: United States Cogeneration Equipment Market Share
Breakdown by Fuel Type: 2020 VS 2027

CANADA
Table 11: Canadian Cogeneration Equipment Market Estimates and
Forecasts in US$ Million by Fuel Type: 2020 to 2027

Table 12: Cogeneration Equipment Market in Canada: Percentage
Share Breakdown of Sales by Fuel Type for 2020 and 2027

JAPAN
Table 13: Japanese Market for Cogeneration Equipment: Annual
Sales Estimates and Projections in US$ Million by Fuel Type for
the Period 2020-2027

Table 14: Japanese Cogeneration Equipment Market Share Analysis
by Fuel Type: 2020 VS 2027

CHINA
Table 15: Chinese Cogeneration Equipment Market Growth
Prospects in US$ Million by Fuel Type for the Period 2020-2027

Table 16: Chinese Cogeneration Equipment Market by Fuel Type:
Percentage Breakdown of Sales for 2020 and 2027

EUROPE
Market Facts & Figures
European Cogeneration Equipment Market: Competitor Market Share
Scenario (in %) for 2020 & 2025
Market Analytics
Table 17: European Cogeneration Equipment Market Demand
Scenario in US$ Million by Region/Country: 2018-2025

Table 18: European Cogeneration Equipment Market Share Shift by
Region/Country: 2020 VS 2027

Table 19: European Cogeneration Equipment Market Estimates and
Forecasts in US$ Million by Fuel Type: 2020-2027

Table 20: European Cogeneration Equipment Market Share
Breakdown by Fuel Type: 2020 VS 2027

FRANCE
Table 21: Cogeneration Equipment Market in France by Fuel Type:
Estimates and Projections in US$ Million for the Period
2020-2027

Table 22: French Cogeneration Equipment Market Share Analysis
by Fuel Type: 2020 VS 2027

GERMANY
Table 23: Cogeneration Equipment Market in Germany: Recent
Past, Current and Future Analysis in US$ Million by Fuel Type
for the Period 2020-2027

Table 24: German Cogeneration Equipment Market Share Breakdown
by Fuel Type: 2020 VS 2027

ITALY
Table 25: Italian Cogeneration Equipment Market Growth
Prospects in US$ Million by Fuel Type for the Period 2020-2027

Table 26: Italian Cogeneration Equipment Market by Fuel Type:
Percentage Breakdown of Sales for 2020 and 2027

UNITED KINGDOM
Table 27: United Kingdom Market for Cogeneration Equipment:
Annual Sales Estimates and Projections in US$ Million by Fuel
Type for the Period 2020-2027

Table 28: United Kingdom Cogeneration Equipment Market Share
Analysis by Fuel Type: 2020 VS 2027

SPAIN
Table 29: Spanish Cogeneration Equipment Market Estimates and
Forecasts in US$ Million by Fuel Type: 2020 to 2027

Table 30: Cogeneration Equipment Market in Spain: Percentage
Share Breakdown of Sales by Fuel Type for 2020 and 2027

RUSSIA
Table 31: Russian Cogeneration Equipment Market Estimates and
Projections in US$ Million by Fuel Type: 2020 to 2027

Table 32: Russian Cogeneration Equipment Market Share Breakdown
by Fuel Type: 2020 VS 2027

REST OF EUROPE
Table 33: Rest of Europe Cogeneration Equipment Market
Estimates and Forecasts in US$ Million by Fuel Type: 2020-2027

Table 34: Rest of Europe Cogeneration Equipment Market Share
Breakdown by Fuel Type: 2020 VS 2027

ASIA-PACIFIC
Table 35: Asia-Pacific Cogeneration Equipment Market Estimates
and Forecasts in US$ Million by Region/Country: 2020-2027

Table 36: Asia-Pacific Cogeneration Equipment Market Share
Analysis by Region/Country: 2020 VS 2027

Table 37: Cogeneration Equipment Market in Asia-Pacific by Fuel
Type: Estimates and Projections in US$ Million for the Period
2020-2027

Table 38: Asia-Pacific Cogeneration Equipment Market Share
Analysis by Fuel Type: 2020 VS 2027

AUSTRALIA
Table 39: Cogeneration Equipment Market in Australia: Recent
Past, Current and Future Analysis in US$ Million by Fuel Type
for the Period 2020-2027

Table 40: Australian Cogeneration Equipment Market Share
Breakdown by Fuel Type: 2020 VS 2027

INDIA
Table 41: Indian Cogeneration Equipment Market Estimates and
Forecasts in US$ Million by Fuel Type: 2020 to 2027

Table 42: Cogeneration Equipment Market in India: Percentage
Share Breakdown of Sales by Fuel Type for 2020 and 2027

SOUTH KOREA
Table 43: Cogeneration Equipment Market in South Korea: Recent
Past, Current and Future Analysis in US$ Million by Fuel Type
for the Period 2020-2027

Table 44: Cogeneration Equipment Market Share Distribution in
South Korea by Fuel Type: 2020 VS 2027

REST OF ASIA-PACIFIC
Table 45: Rest of Asia-Pacific Market for Cogeneration
Equipment: Annual Sales Estimates and Projections in US$
Million by Fuel Type for the Period 2020-2027

Table 46: Rest of Asia-Pacific Cogeneration Equipment Market
Share Analysis by Fuel Type: 2020 VS 2027

LATIN AMERICA
Table 47: Latin American Cogeneration Equipment Market Trends
by Region/Country in US$ Million: 2020-2027

Table 48: Latin American Cogeneration Equipment Market
Percentage Breakdown of Sales by Region/Country: 2020 and 2027

Table 49: Latin American Cogeneration Equipment Market Growth
Prospects in US$ Million by Fuel Type for the Period 2020-2027

Table 50: Latin American Cogeneration Equipment Market by Fuel
Type: Percentage Breakdown of Sales for 2020 and 2027

ARGENTINA
Table 51: Argentinean Cogeneration Equipment Market Estimates
and Forecasts in US$ Million by Fuel Type: 2020-2027

Table 52: Argentinean Cogeneration Equipment Market Share
Breakdown by Fuel Type: 2020 VS 2027

BRAZIL
Table 53: Cogeneration Equipment Market in Brazil by Fuel Type:
Estimates and Projections in US$ Million for the Period
2020-2027

Table 54: Brazilian Cogeneration Equipment Market Share
Analysis by Fuel Type: 2020 VS 2027

MEXICO
Table 55: Cogeneration Equipment Market in Mexico: Recent Past,
Current and Future Analysis in US$ Million by Fuel Type for the
Period 2020-2027

Table 56: Mexican Cogeneration Equipment Market Share Breakdown
by Fuel Type: 2020 VS 2027

REST OF LATIN AMERICA
Table 57: Rest of Latin America Cogeneration Equipment Market
Estimates and Projections in US$ Million by Fuel Type: 2020 to
2027

Table 58: Rest of Latin America Cogeneration Equipment Market
Share Breakdown by Fuel Type: 2020 VS 2027

MIDDLE EAST
Table 59: The Middle East Cogeneration Equipment Market
Estimates and Forecasts in US$ Million by Region/Country:
2018-2025

Table 60: The Middle East Cogeneration Equipment Market Share
Breakdown by Region/Country: 2020 and 2027

Table 61: The Middle East Cogeneration Equipment Market
Estimates and Forecasts in US$ Million by Fuel Type: 2020 to
2027

Table 62: Cogeneration Equipment Market in the Middle East:
Percentage Share Breakdown of Sales by Fuel Type for 2020 and
2027

IRAN
Table 63: Iranian Market for Cogeneration Equipment: Annual
Sales Estimates and Projections in US$ Million by Fuel Type for
the Period 2020-2027

Table 64: Iranian Cogeneration Equipment Market Share Analysis
by Fuel Type: 2020 VS 2027

ISRAEL
Table 65: Israeli Cogeneration Equipment Market Estimates and
Forecasts in US$ Million by Fuel Type: 2020-2027

Table 66: Israeli Cogeneration Equipment Market Share Breakdown
by Fuel Type: 2020 VS 2027

SAUDI ARABIA
Table 67: Saudi Arabian Cogeneration Equipment Market Growth
Prospects in US$ Million by Fuel Type for the Period 2020-2027

Table 68: Saudi Arabian Cogeneration Equipment Market by Fuel
Type: Percentage Breakdown of Sales for 2020 and 2027

UNITED ARAB EMIRATES
Table 69: Cogeneration Equipment Market in the United Arab
Emirates: Recent Past, Current and Future Analysis in US$
Million by Fuel Type for the Period 2020-2027

Table 70: Cogeneration Equipment Market Share Distribution in
United Arab Emirates by Fuel Type: 2020 VS 2027

REST OF MIDDLE EAST
Table 71: Cogeneration Equipment Market in Rest of Middle East:
Recent Past, Current and Future Analysis in US$ Million by Fuel
Type for the Period 2020-2027

Table 72: Rest of Middle East Cogeneration Equipment Market
Share Breakdown by Fuel Type: 2020 VS 2027

AFRICA
Table 73: African Cogeneration Equipment Market Estimates and
Projections in US$ Million by Fuel Type: 2020 to 2027

Table 74: African Cogeneration Equipment Market Share Breakdown
by Fuel Type: 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 87
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