Cogeneration Equipment Market Industry Value Chain Analysis and Market Trends 2032
Cogeneration, also known as combined heat and power (CHP), simultaneously generates electricity and useful thermal energy from a single fuel source, maximizing efficiency compared to conventional power generation systems. The market was valued at US$ 23,987.43 million in 2024 and is projected to expand at a CAGR of 10.1% from 2025 to 2032.
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