The Cogeneration Equipment Market research report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players. Global Cogeneration Equipment Market is Projected to grow at 4.57% CAGR during the period 2016-2020. Cogeneration Equipment Industry research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.
The cogeneration process involves simultaneous production of heat and electricity from a single source. This technology evolved a century ago along with steam turbine power plants. The world’s first central power station was also the first cogeneration plant that was commissioned in Manhattan in 1884. Though the technology is century old, it garnered attention from the 1980s as technological advances led to improved cogeneration cycle efficiency. Over the years, emergence of new technologies for power generation coupled with enhanced cycle efficiency fueled the sales of cogeneration equipment.