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Global Cogeneration Equipment Market 2016-2020

About the Cogeneration Equipment Market

The cogeneration process involves simultaneous production of heat and electricity from a single source. This technology evolved a century ago along with steam turbine power plants. The world's first central power station was also the first cogeneration plant that was commissioned in Manhattan in 1884. Though the technology is century old, it garnered attention from the 1980s as technological advances led to improved cogeneration cycle efficiency. Over the years, emergence of new technologies for power generation coupled with enhanced cycle efficiency fueled the sales of cogeneration equipment.

Technavio’s analysts forecast the global cogeneration equipment market to grow at a CAGR of 4.57% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global cogeneration equipment market for 2016-2020. To calculate the market size, the report covers the present scenario and growth prospects of the global cogeneration equipment market. The existing cogeneration installed capacities of various countries have been collected through secondary research to determine the market size. Forecasting is based on the cogeneration capacity targets set by countries and COGEN associations. Government policies and regulatory scenario have also been considered for market estimations during the forecast period.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Cogeneration Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • ABB
  • Aegis Energy Services
  • BDR Thermea
  • 2G Energy
  • GE & Alstom Energy
  • Siemens
Other prominent vendors
  • Mitsubishi Heavy Industries
  • Wolf
  • Baxi Group
  • Liebherr
  • Toshiba
  • Viessmann
  • Elcore
  • Alfa Laval
Market driver
  • Increased environmental concerns and energy efficiency regulations
  • For a full, detailed list, view our report
Market challenge
  • High capital cost and lack of government support
  • For a full, detailed list, view our report
Market trend
  • Penetration of micro-CHP systems in European market
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Cogeneration Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the global cogeneration equipment market: ABB, Aegis Energy Services, BDR Thermea, 2G Energy, GE & Alstom Energy, and Siemens.

Other Prominent Vendors in the market are: Mitsubishi Heavy Industries, Wolf, Baxi Group, Liebherr, Toshiba, Viessmann, Elcore, and Alfa Laval.

Commenting on the report, an analyst from Technavio’s team said: “One trend that is expected to pay a positive role in market growth is the penetration of the micro-CHP systems in the European market. Micro-CHP is a small scale cogeneration technology that can be used across commercial and residential sectors. Over the years, this technology has transformed into a cost-effective commercial technology. It is a natural replacement for the boiler technology. High demand for thermal energy from residential, industrial, and commercial sectors coupled with the demand for heat for space heating makes Europe a natural destination for micro-CHP systems. Revolution of the micro-CHP systems in Japan has inspired Europe to implement this on a wide scale.”

According to the report, a key growth driver is the increasing environmental concerns and energy efficiency regulations being enacted in different countries. Climate change, at present, is a crucial global challenge. Rising temperatures worldwide and alarming levels of temperature change have forced policymakers to implement stricter energy efficiency regulations and GHG emission reduction targets. Energy efficiency can be treated as one of the most efficient tools to combat climate change. Over the years, many regulations and targets have been set at both international and national levels. These programs and regulations are expected to drive the cogeneration market in the coming years. In the recent years, there has been a growing trend in the implementation of energy efficiency regulations.

Further, the report states that one challenge that could restrict market growth is the inability to sell excess power and also the lack of infrastructure to set up cogeneration systems.

Companies Mentioned

ABB, Aegis Energy Services, BDR Thermea, 2G Energy, GE & Alstom Energy, Siemens, Mitsubishi Heavy Industries, Wolf, Baxi Group, Liebherr, Toshiba, Viessmann, Elcore, Alfa Laval.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries in each region
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Comparison of conventional power generation with cogeneration
      • Table Technology growth in cogeneration equipment 2015-2020
  • Market landscape
    • Market overview
      • Table Global cogeneration equipment market
    • Market size and forecast
      • Table Global cogeneration equipment market 2015-2020 (GW)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by technology
    • Global cogeneration equipment market by technology 2015- 2020
      • Table Segmentation of global cogeneration equipment market by technology 2015-2020
    • Global cogeneration equipment market by steam turbines
      • Table Global cogeneration equipment market by steam turbines 2015-2020 (GW)
    • Global cogeneration equipment market by gas turbines
      • Table Global cogeneration equipment market by gas turbines 2015-2020 (GW)
    • Global cogeneration equipment market by CCGTs
      • Table Global cogeneration equipment market by CCGTs 2015-2020 (GW)
    • Global cogeneration equipment market by engines
      • Table Global cogeneration equipment market by engines 2015-2020 (GW)
    • Global cogeneration equipment market by geographic segmentation 2015-2020
      • Table Global cogeneration equipment market by geographic segmentation 2015-2020
    • Cogeneration equipment market in the Americas
      • Table Cogeneration equipment market in the Americas 2015-2020 (GW)
      • Table Cogeneration electricity and thermal capacity in Canada by province 2015
    • Cogeneration equipment market in EMEA
      • Table Cogeneration equipment market in EMEA 2015-2020 (GW)
      • Table EU-27 CHP capacity (GW) and generation (TWh) and fuel mix 2005-2013
      • Table Market share of cogeneration plants based on fuel type 2015-2020
      • Table Top six countries in terms of CHP installed capacity and fuel mix
    • Cogeneration equipment market in APAC
      • Table Cogeneration equipment market in APAC 2015-2020 (GW)
      • Table Gas-based cogeneration capacity and number of units in Japan 2000-2014
  • Key leading countries
    • US
      • Table Cogeneration capacity in US 2015-2020 (GW)
      • Table Cogeneration capacity by technology
    • China
      • Table Cogeneration capacity of China 2015-2020 (GW)
  • Market drivers
    • Government policies and initiatives
      • Table Programs/laws with targets of various countries
    • Increased environmental concerns and energy efficiency regulations
      • Table Targets pledged by countries at COP conference 2015
    • Low gas prices to attract more investments
    • Growing demand for electricity and distributed generation
      • Table Global electricity consumption 2005-2020 (trillion kWh)
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Decline in electricity prices
      • Table Bi-annual electricity prices of major European countries ($/kWh)
    • High capital cost and lack of government support
      • Table Various power generation technologies and their LCOE
    • Inability to sell excess power and lack of infrastructure
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Penetration of micro-CHP systems in European market
      • Table Factors influencing growth of micro-CHP systems in Europe
    • Growth of highly efficient technologies
      • Table Sector-wise growth potential for trigeneration in India
    • Bio-CHP in European countries
      • Table Share of renewable energy in CHP systems 2008-2013
  • Vendor landscape
    • Vendor analysis
      • Table Geographical presence of key vendors
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • ABB
      • Table Product portfolio
    • Aegis Energy Services
      • Table Aegis Energy Services: Product portfolio
    • BDR Thermea
      • Table BDR Thermea: CHP product portfolio
    • 2G Energy
      • Table 2G Energy: CHP solutions
    • GE & Alstom Energy
      • Table GE & Alstom Energy: Key solutions
    • Siemens
      • Table Product portfolio for CHP
  • Appendix
    • List of abbreviations
  • Explore Technavio

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