Albany, NY -- (SBWIRE) -- 06/01/2016 -- 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.

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

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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.

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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?

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