What is Cogeneration Equipment Market?
Cogeneration is the simultaneous production of electricity and heat, both of which are used. Congeneration equipment can significantly reduce carbon emissions and energy costs. It combine the power and heat generation processes can be to 80 percent efficient.
The market study is being classified by Type (Gas Turbines , Steam Turbines , Electric Generators , Heat Recovery Steam Generators (HRSG) and Boilers and Reciprocating Engines), by Application (Paper Industry, Food Industry, Chemical Industry, Oil and Refining Industry and Others ) and major geographies with country level break-up.
American DG Energy(United States) , Turner Crane(United States) , Allied Equipments(United States) , Caterpillar(United States) , GE Energy(United States) , Mitsubishi Heavy Industries(Japan) , Baxi Group(United Kingdom) , Siemens AG(Germany) , Rolls Royce(United Kingdom) , Alstorm Power(France) , Cidea Uno Inc(United States) , Almeg Controls(Canada) , Perry Process Equipment(United Kingdom) , Green Energy(United States) and Solar Turbines Inc(United States) are some of the key players profiled in the study.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Cogeneration Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cogeneration Equipment market by Type, Application and Region.
On the basis of geography, the market of Cogeneration Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Environment-friendly and Requires less Fuel
- Lower Transmission and Distribution Losses
Market Trend
- Increasing Demand for Electricity
Restraints
Opportunities
- Rising Government Initiatives for Energy Saving
- Growing Applications of Cogeneration Equipment in In Various Sectors
Challenges
- Sophisticated Technological Requisites
Key Target Audience
Cogeneration Equipment, Research Professionals, Emerging Companies, Distributors, Government Body & Associations and End-user