About Cogeneration Plants
Cogeneration plants generate electricity, it produces heat. The plant releases heat into the environment as exhaust, which represents a huge waste of energy. The cogeneration process can increase overall energy efficiency, with typical systems ranging from 65-90%. It enhances operational efficiency to lower overhead costs, reduce energy waste and increase energy efficiency, offers greater energy independence by moving a portion of the load off the grid, and others.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Global Cogeneration Plants is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Plants. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
E.ON (Germany), Siemens (Germany), General Electric (United States), Iberdrola (Spain), ENGIE (France), Électricité de France (France), Tokyo Electric Power Company (Japan), Korea Electric Power Corporation (South Korea), Enel (Italy) and State Grid Corporation of China (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Cogeneration Plants market by Type (Combined Cycle CHP Plant, Steam Turbine CHP Plant, Internal Combustion Engine, Gas Turbine and Others) and Region.
On the basis of geography, the market of Cogeneration Plants has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use Verticals, the sub-segment i.e. Cooling and Heating will boost the Cogeneration Plants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Plant Size, the sub-segment i.e. Small will boost the Cogeneration Plants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. The generation of high-pressure steam will boost the Cogeneration Plants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fuel Type, the sub-segment i.e. Natural gas will boost the Cogeneration Plants market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus towards Increase Energy Efficiency and Rapidly Growing Population
Market Growth Drivers:
Increasing Usage of Cogeneration Plants for Reducing Carbon Emissions and Contributing to Sustainability Goals and Rising Energy Consumption over the Globe
Challenges:
Regulatory Guidelines on the Cogeneration Plants
Restraints:
High Cost Associated with the Cogeneration Plants
Opportunities:
Rising Demand for Electricity can create Opportunities for the Cogeneration Plants Market Growth
Market Leaders and their expansionary development strategies
On 2nd August 2021, Enel has signed the agreement of the acquisition of 527 MW of hydro plants with ERG Hydro S.r.l. With the acquisition, Enel has consolidated its role as a leader in the energy transition in Italy, and the company taking an important step towards the achievement of the Group’s decarbonization targets.
Key Target Audience
Cogeneration Plants Manufacturers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.