Heat Recovery Steam Generator Market growth is expected to gain high momentum during the forecast period due to increasing investments in the development of infrastructure. A heat recovery steam generator is an equipment used in a gas turbine combined with a cycle power plant. It converts water into steam in three different sections, namely, superheater, evaporator, and economizer. Heat Recovery Steam Generator (HRSG) recovers heat from exhaust gases of the gas turbine. This heat recovered is in the form of steam.

The heat recovery steam generator market is expected to witness growth in various regions such as Eastern Europe, the Middle East, Africa, and the Asia Pacific, excluding Japan. The market is expected to grow in these regions, as private and public enterprises are adopting combined heat and power plants and co-generation plants for captive power.

Segment Analysis

Based on application, the combined & power segment is expected to account for the largest share of the market. Moreover, co-generation plants are expected to propel the demand for heat recovery steam generator systems.

The horizontal drum design segment is expected to witness a spurt in demand due to factors such as ease of installation, cost-effectiveness, etc.

Key Factors Impacting Market Growth:

• Increasing investments in the development of infrastructure
• Improvement in standard of living
• Efforts being taken to improve power plant efficiency
• Government guidelines to reduce the carbon footprint

Regional Outlook:

The regional outlook for heat recovery steam generator  market provides detailed information for markets including North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America and Western Europe are estimated to be key regions for heat recovery steam generator  market during the forecast period. Being one of the industrialized regions, the energy & power sector is key to the operations of various industries in this region. This is one of the important factors governing the growth of heat recovery steam generator  market in these regions. Some of the major countries covered in this region include US, Germany, UK, France, Italy, Canada, and so on. 

Asia Pacific is estimated one of the fastest growing regions for heat recovery steam generator  market during the forecast period. Some of the fastest growing economies and increasing demand for energy & power to cater high population & industries is expected to drive the demand in this region. China and India are projected to register major demand during the forecast period. Middle East that includes UAE, Saudi Arabia, Iran, Qatar, and others promises high market potential during the forecast period. Rest of the World including South America and Africa are emerging regions in terms of market demand during the forecast period.

Companies Covered: Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmace, Xizi United Holdings Limited, and Cleaver-Brooks 

Market Segmentation:

By Design:

• Horizontal Drum
• Vertical Drum

By Rated power:

• 0-30 MW
• >30-50 MW
• >50-100 MW
• >100-200 MW
• >200 MW

By Application:

• Combined Cycle
• Combined Heat & Power
• Co-generation

By Region:

• North America
  • By Country (US, Canada, Mexico)
  • By Design
  • By Rated Power
  • By Application
• Western Europe:
  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
  • By Design
  • By Rated Power
  • By Application
• Eastern Europe:
  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Design
  • By Rated Power
  • By Application
• Asia Pacific
  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
  • By Design
  • By Rated Power
  • By Application
• Middle East:
  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
  • By Design
  • By Rated Power
  • By Application
• Rest of the World
  •  By Region (South America, Africa)
  • By Design
  • By Rated Power
  • By Application

Reasons to Buy This Report:

• Market size estimation of the global heat recovery steam generator system market on a regional and global basis
• The unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment
• By Sub-segment
• By Region/Country

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