The Global Market for Cogeneration Equipment in Terms of Revenues from Annual Equipment Installations is Projected to Exceed US$40 Billion by 2020
Surging Demand for Electricity & the Resulting Need for Efficient Power Generation Technologies Drives the Cogeneration Equipment Market, According to a New Report by Global Industry Analysts, Inc. GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Cogeneration Equipment market. The global market for Cogeneration Equipment in terms of revenues from annual equipment installations is projected to exceed US$40 billion by 2020 , driven by increasing adoption of microCHP systems and the growing prominence of eco-friendly, economic, and energy-efficient power generation technologies. Cogeneration or combined heat and power (CHP) technology refers to the simultaneous generation of electricity or mechanical power as well as heat energy from a single fuel source. Cogeneration systems have combustion turbines, steam turbines integrated with boilers, micro turbines, reciprocating engines and fuel ce...