India Cogeneration Equipment Market : Industry Analysis and forecast 2026 : By Technology, Capacity, Fuels, Application and Region

India Cogeneration Equipment Market is expected to grow at a CAGR of 8.92% during the forecast period and it is expected to reach US$ 1.9 Bn. by 2026.



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India Cogeneration Equipment Market Drivers and Restrains:
Cogeneration or Combined heat and power (CHP) system is refer to simultaneously generate electrical and thermal energy from a single fuel source. These fuel sources can be natural gas, biomass, wood, coal, waste heat and oil. Cogeneration equipment contains steam and gas turbines, heat recovery systems and electric generators that provide power to equipment and machines like fans, pumps, refrigerators, steamers and dehumidifiers. This equipment workings more efficiently and has a smaller carbon emissions by up to XX% than other conventional systems.

Increasing cost of power, unreliable quality, growing demand in continued shortages, dependency on Central and State networks and frequently changing policies, these are the realities of the current power situation in India. Today, India is one of the fastest emerging nations in the world, with economy in transition, India consumes 12.18 quadrillion Btu (Quads) of power, with over 8 to 10 % growth per annum. It is of extreme importance for business and industry, to have adequate, economical, and reliable power supply of high quality.

The India cogeneration equipment market is driven by growing demand for decentralized power, increasing demand for cogeneration from the industrial sector and stringent government regulations for carbon emissions. However, High initial investment requirement is expected to hamper the market growth in the country. These systems are beneficial, but due to their complex technological requirements, its high initial investment than the conventional systems and many small & medium-sized organizations and institutions find it difficult to afford them.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
India Cogeneration Equipment Market Segmentation Analysis:
Based on the capacity, the India cogeneration equipment market is segmented into Up to 30MW, 31-60MW and above 60MW. The 30MW segment held the dominant market share of XX% in 2018 and it is expected to grow at the CAGR of XX% during the forecast period. They are majorly used in refineries and chemical & petrochemical sectors. Western and southern India are the largest demand generating regions for combined heat & power systems in the country, on account of the presence of sugar, chemical & petrochemical, refinery, paper & pulp and cement industries in these regions coupled with supportive government initiatives such as Green Energy Corridor.
India Cogeneration Equipment Market Competitive landscape

Major Key players operating in this market are Bharat Heavy Electricals Limited, Siemens Ltd. and Thermax Limited. Manufacturers in the India cogeneration equipment are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.

The objective of the report is to present a comprehensive analysis of India Cogeneration Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.

The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding India Cogeneration Equipment Market dynamics, structure by analyzing the market segments and project the India Cogeneration Equipment Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the India Cogeneration Equipment Market make the report investor’s guide.
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India Cogeneration Equipment Market, by Fuels:
• Coal
• Natural Gas
• Biogas
• Others (Nuclear, Diesel, Geothermal)
India Cogeneration Equipment Market, by Capacity:
• Up to 30MW
• 31-60MW
• Above 60MW
India Cogeneration Equipment Market, by Technology:
• Reciprocating Engine
• Steam Turbine
• Combined Cycle Gas Turbine
• Gas Turbine
• Others
India Cogeneration Equipment Market, by Application:
• Commercial
• Industrial
• Residential
India Cogeneration Equipment Market, Major Players:
• Bharat Heavy Electricals Limited
• Siemens Ltd.
• Thermax Limited
• Turner Crane
• Allied Equipments Inc
• Caterpillar Inc.
• GE Energy
• Mitsubishi Heavy Industries Ltd.
• Baxi Group
• Siemens AG
• Rolls Royce PLC.
• Alstorm Power
• Cidea Uno Inc.
• Almeg Controls
• Perry Process Equipment Ltd.
• US Green Energy Ltd.
• Solar Turbines Inc.
• AB Holding, Siemens AG
• Clarke Energy
• 2G Energy