Global Cogeneration Equipment Market to grow at a CAGR of 4.57% during the period 2016 - 2020; Finds New Report

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

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.

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

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.

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 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.

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?

Spanning over 75 pages and 42 Exhibit “Global Cogeneration Equipment Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by technology, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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