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A heat recovery steam generator or HRSG is an energy recovery heat exchanger that recovers heat from a hot gas stream. It produces steam that can be used in a process (cogeneration) or used to drive a steam turbine (combined cycle).
Scope of the Report:
Globally, the HRSG industry market is not that concentrated as the manufacturing technology of HRSG is relatively much more mature than some high-tech equipment. But some enterprises are still well-known for the wonderful performance of their HRSG and related services. At the same time, some countries such as South Korea, Italy and USA are remarkable in the global HRSG industry because of their market share and technology status of HRSG.
The consumption volume of HRSG is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of HRSG industry may not keep stable. But it is surely forecasted that the market of HRSG is still promising.
The product average price declined in the past few years due to the market competition, the average price will keep the trend in the few future years due to most of Chinese manufacturers will enter the industry.
The key drivers identified in heat recovery steam generator market are the growing need for energy efficient sources, allocation of government incentives for achieving better energy efficiency levels, reduction in carbon emissions, proposed investment plans in energy sector by government and major companies. However, high capital cost and limited product differentiation are the key challenges faced by manufacturers in heat recovery steam generator market.
Although the market competition of HRSG is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of HRSG and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
The worldwide market for Heat Recovery Steam Generator (HRSG) is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 2810 million US$ in 2024, from 2230 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Heat Recovery Steam Generator (HRSG) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
- BHI
- Foster Wheeler
- Nooter Eriksen
- CMI Energy
- Alstom Power
- Doosan E&C
- Siemens (NEM Energy)
- VOGT Power
- STF
- Babcock & Wilcox
- Mitsubishi
- Hangzhou Boiler
- 703 Institute
- Wuxi Huaguang
Market Segment by Regions, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Vertical
- Horizontal
Market Segment by Applications, can be divided into
- Power Generation
- Heating
- Desalination
- Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Heat Recovery Steam Generator (HRSG) product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Heat Recovery Steam Generator (HRSG), with price, sales, revenue and global market share of Heat Recovery Steam Generator (HRSG) in 2017 and 2018.
Chapter 3, the Heat Recovery Steam Generator (HRSG) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Heat Recovery Steam Generator (HRSG) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Heat Recovery Steam Generator (HRSG) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Heat Recovery Steam Generator (HRSG) sales channel, distributors, customers, research findings and conclusion, appendix and data source.