The cogeneration systems allow us to have multiple sources of energy from a primary energy source, which can be used as per our need. Considering global warming and finite energy sources, the cogeneration systems market is likely to grow with innovation and new technology in the future. In fact, the market should grow in the period 2019-2028.
This market could register strong growth in Europe and North America region due to the increasing R&D for more efficient systems.
Natural gas is widely used in a cogeneration system; indeed, it is available in large quantities in countries like Russia, U.S., Canada and Iran. Due to decreasing price and large availability, supportive government regulations should drive cogeneration systems demand soon.