TechNavio recognizes the following companies as the key players in the Global Cogeneration Equipment Market: Alstom Power, Caterpillar Inc., Kawasaki Heavy Industries Ltd., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends being witnessed in the market is the increasing usage of cogeneration technology for renewable energy generation. With the increasing fuel prices and pressure on industries to reduce the size of their carbon footprint, the focus has shifted to renewable sources of energy. Renewable energy sources such as biomass, fuel cells, and solar power are increasingly being used as an alternative source of energy by various industries. These sources are cheaper than conventional non-renewable sources and are non-polluting. Moreover, governments are providing many incentives for the usage of renewable energy sources in cogeneration. It is estimated that the price of renewable cogeneration equipment will decline during the forecast period, thereby fostering its usage among end-user industries over the next few years.”
According to the report, one of the major drivers in the market is the increasing demand for electrical power. There has been an increase in the demand for power in both developing and developed nations. In addition, the supply-demand gap in respect of electricity generation has been widening in recent years.
Further, the report states that one of the major challenges in the market is the volatility of fuel prices. This has become a major concern for manufacturers in recent years. Volatility is a key measure for movements in the energy commodities market as it has a huge impact on energy market vendors.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-cogeneration-equipment-market-201…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Global Cogeneration Equipment Market 2012-2016
