According to a “Global Cogeneration Equipment Industry” report – in the changed post COVID-19 business landscape, the global market for Cogeneration Equipment estimated at US$63.7 Billion in the year 2022, is projected to reach a revised size of US$114.8 Billion by 2030, growing at a CAGR of 7.6% over the period 2022-2030.

Natural Gas / LPG, one of the segments analyzed in the report, is projected to record 9.8% CAGR and reach US$34.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Biogas segment is readjusted to a revised 7.3% CAGR for the next 8-year period.

 

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