United Kingdom Cogeneration Equipment Market Outlook (2020-2026) | COVID-19 IMPACT, Companies, Forecast, Growth, Trends, Size, Industry, Share, Value, Analysis & Revenue

United Kingdom Cogeneration Equipment Market report thoroughly covers the market by capacity, by fuel, by applications, and by technology. The report provides an unbiased and detailed analysis of the on-going United Kingdom cogeneration equipment market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to device and align the market strategies according to the current and future market dynamics.

United Kingdom Cogeneration Equipment Market Synopsis

The UK cogeneration market has seen significant growth in demand for energy-efficient solutions, sustainable electricity, and heat generation in recent years. In the coming years, the country's vast potential dependence on natural gas and coal would shrink as the country commits to reducing its carbon footprint. In addition, under the CODE (Cogeneration Observatory and Dissemination Europe), the government aims to increase the contribution of electricity production from cogeneration sources. However, the Covid-19 pandemic had slowed down the market in terms of the supply of the product during 2020. While on the other hand, the demand-side also fell victim to the slowdown due to the market being closed during the lockdown period. Currently, the market has recovered gradually and is likely to witness growth over the coming years.

According to 6Wresearch, United Kingdom Cogeneration Equipment market size is expected to grow at a CAGR of 2.4% during 2020-2026. The UK has aimed an objective to reduce greenhouse gas emissions by 2050 by 80% compared to 1990 levels. This would result in a fuel-switching from coal to low carbon fuels such as waste, biomass, and biogas, thereby leading to an increase in demand for cogeneration equipment in the country in the coming years.

Market Analysis By Applications

In terms of applications, the industrial vertical dominated the overall United Kingdom cogeneration equipment market in 2019 and held the majority of the share. Additionally, the commercial vertical also held the majority of the market revenue share. Further, the residential vertical is likely to register moderate growth over the coming years.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2020.
• Base Year: 2019
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• United Kingdom Cogeneration Equipment Market Overview
• United Kingdom Cogeneration Equipment Market Outlook
• United Kingdom Cogeneration Equipment Market Forecast
• Historical Data of United Kingdom Cogeneration Equipment Market Revenues for the Period 2017-2029
• United Kingdom Cogeneration Equipment Market Size and Market Forecast of Revenues, Until 2026
• Historical Data of United Kingdom Cogeneration Equipment Market Revenues, by Fuel, for the Period 2017-2019
• Market Size & Forecast of United Kingdom Cogeneration Equipment Market Revenues, by Fuel, until 2026
• Historical Data of United Kingdom Cogeneration Equipment Market Revenues, by Applications, for the Period 2017-2019
• Market Size & Forecast of United Kingdom Cogeneration Equipment Market Revenues, by Applications, until 2026
• Historical Data of United Kingdom Cogeneration Equipment Market Revenues, by Capacity, for the Period 2017-2019
• Market Size & Forecast of United Kingdom Cogeneration Equipment Market Revenues, by Capacity, until 2026
• Historical Data of United Kingdom Cogeneration Equipment Market Revenues, by Technology, for the Period 2017-2019
• Market Size & Forecast of United Kingdom Cogeneration Equipment Market Revenues, by Technology, until 2026
• Market Drivers and Restraints
• United Kingdom Cogeneration Equipment Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• United Kingdom Cogeneration Equipment Market Share, By Players
• United Kingdom Cogeneration Equipment Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The United Kingdom cogeneration equipment market report provides a detailed analysis of the following market segments:

By Capacity:

• Up to 30 MW
• 31 MW – 60 MW
• Above 60 MW

By Fuel:

• Natural Gas
• Biomass
• Coal
• Others

By Applications:

• Residential
• Commercial
• Industrial

By Technology:

• Reciprocating Engine
• Steam Turbine
• Combined Cycle Gas Turbine
• Others

Frequently Asked Questions About the Market Study (FAQs):