The cogeneration system allows 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 system market is likely to grow with innovation and new technology in the future. The global market of cogeneration system is expected to grow in the period 2019-2028.
This market is likely to register strong growth in Europe and North America region due to the increasing R&D for more efficient cogeneration system. Natural gas is widely used in a cogeneration system. It is available in large quantities, mainly in Russia, U.S., Canada and Iran. Due to decreasing price and large availability, supportive government regulations are expected to drive cogeneration system demand soon.