The UAE cogeneration equipment market is
anticipated to grow at a robust CAGR in the forecast period, 2023-2027. The
surging needs to optimize the industrial and commercial energy costs and
growing concerns regarding the effect of greenhouse emissions on the
environment are the primary factors driving the growth of the UAE cogeneration
equipment market. Also, the rise in household income and expenditure capacity
of consumers, availability of advanced appliances and equipment, and
implementation of strict building energy codes are expected to accelerate the
UAE cogeneration equipment market growth over the forecast period.
Increased Environmental Concern Drives
the Market Growth
There is high demand for conventional
and traditional energy sources across UAE as they are readily available at low
costs. The United Arab Emirates is among the world’s ten largest oil producers
and is currently the seventh largest petroleum and other liquids producer in
the world. Owing to the presence of large hydrocarbon reserves, UAE is becoming
one of the biggest trading centers and most important financial centers in the
Middle East. The use of conventional energy sources such as hydrocarbon and
coal produce large amounts of harmful emissions, which negatively affect the
environment. On a per-capita basis, UAE’s water, energy, and carbon footprints
are amongst the highest across the globe. The hot and dry climate in UAE
creates the need for the generation of high amounts of energy and imports of
goods and products to live comfortably during that situation. It increases the
demand for an energy-efficient system to lower environmental degradation. They
are important to optimize the performance of power plants. The rise in the
investments to expand the existing industrial facilities and enormous
industrial development boosts the demand for high process heat to ensure the
continuity in operations. Ongoing industrial and commercial activities and the
need to replace aging system generation plant, and changes in fuel cost is
expected to create growth opportunities for the UAE cogeneration equipment
market in the coming years.
Expansion of Commercial and Industrial
Infrastructure Supports the Market Growth
The oil and gas industry is the major
revenue-generating industry in the country. Leading authorities are taking
steps and measures to lower the dependency on the oil and gas sector and
diversify the income sources. The creation and maintenance of a sustainable
environment and infrastructure come under the National Agenda set up by the government,
which was in line with Vision 2021. The government is taking appropriate steps
to ensure sustainable development while preserving the environment and
achieving a perfect balance between economic and social development. Major
power companies are adopting energy-efficient technology to lower the
production cost of power, and by implementing cogeneration equipment, both
electricity and heat can be produced. Expansion of the industrial facilities
and commercial facilities like shopping malls, hospitals, and universities
require power, heat, or cooling at a rapid rate is expected to bolster the UAE
cogeneration equipment market growth over the next five years.
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Market Segmentation
The UAE cogeneration equipment market is
segmented into fuel
type, capacity, technology, application, regional distribution, and competitive landscape. Based on fuel
type, the market is divided into natural gas, biogas, coal, diesel, and others.
Based on capacity, the market is divided into up to 30MW, 31MW to 50MW, and above
50MW. Based on technology, the market is divided into steam turbine, gas
turbine, combined cycle gas turbine and reciprocating engine. Based on application, the market is divided
into commercial, industrial, and residential. To analyze the market based
on the region, the UAE cogeneration equipment market is studied in major
regions namely Dubai, Abu Dhabi, Sharjah, and rest of the UAE.
Market Players
Tecogen, Inc., Siemens, General
Electric, Kawasaki heavy industries Ltd., Robert BOSCH Gmbh, Clarke Energy,
Mitsubishi heavy industries Ltd, A.B. HOLDING S.P.A., 2G Energy AG, Sundrop
Fuels Inc., are the major market players operating in the UAE cogeneration equipment
market.
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Attribute
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Details
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Base Year
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2021
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Historic Data
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2017 –
2020
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Estimated Year
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2022
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Forecast Period
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2023
– 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue
forecast, company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Fuel Type
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Capacity
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Technology
·
Application
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Regional scope
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Dubai,
Abu Dhabi, Sharjah, Rest of UAE
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Key companies profiled
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Tecogen, Inc., Siemens, General Electric, Kawasaki heavy
industries Ltd., Robert BOSCH Gmbh, Clarke Energy, Mitsubishi heavy
industries Ltd, A.B. HOLDING S.P.A., 2G Energy AG, Sundrop Fuels Inc.
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Customization scope
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10%
free report customization with purchase. Addition or alteration to regional
& segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and
Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
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Report Scope:
In this report, UAE cogeneration
equipment market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- UAE Cogeneration Equipment Market, By Fuel
Type:
- Natural Gas
- Biogas
- Coal
- Diesel
- Others
- UAE Cogeneration Equipment Market, By Capacity:
- Up to 30MW
- 31MW to 50MW
- Above 50MW
- UAE Cogeneration Equipment Market, By Technology:
- Steam Turbine
- Gas Turbine
- Combined Cycle Gas Turbine
- Reciprocating Engine
- UAE Cogeneration Equipment Market, By Application:
- Commercial
- Industrial
- Residential
- UAE Cogeneration
Equipment Market, By Region:
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE cogeneration equipment market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
UAE cogeneration equipment
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]