Cogeneration Equipment Market Size, Share, By Fuel (Natural Gas, Biogas, Coal, and Others), Technology (Steam Turbine, Gas Turbine, Combined Steam, and Others), Capacity (High Capacity, and Medium Capacity), Application (Commercial, Industrial, and Residential), and Region - Trends, Analysis, and Forecast till 2035

Cogeneration equipment market size was valued at USD 25.9 Billion in 2025 and is expected to reach USD 62.4 Billion by 2035, growing at a CAGR of 10.1%

Cogeneration equipment, also known as Combined Heat and Power (CHP) equipment, is equipment that simultaneously generates heat and electricity from a single fuel source. Compared to independent generation processes, this kind of equipment delivers greater energy efficiency and less waste. Cogeneration is clean and cost-effective. It promotes energy sustainability by efficiently using fuel or heat that would otherwise be wasted. Carbon emissions and energy costs can be greatly reduced through cogeneration.

Rising demand for sustainable energy sources, cost savings, energy efficiency, environmental compliance, increased emphasis on lowering carbon emissions and promoting sustainable energy sources, rapid industrialization and infrastructure development, continuous research and development in cogeneration technologies, and a consistent supply of electricity are all driving growth in the cogeneration equipment market.