Heat Recovery Steam Generator Market by Rated Power (Up To 30 MW & >30 MW), by Application (Combined Cycle & CHP), by End-User (Utilities, Chemicals, Refineries, Pulp & Paper, Commercial & Others), and by Region - Global Trends & Forecast to 2020

  • ID: 3617026
  • Report
  • Region: Global
  • 139 Pages
  • Markets and Markets
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The Global Heat Recovery Steam Generator Market Was Valued at USD 714.4 Million in 2014, and Is Expected to Grow at a CAGR of 3.7% From 2015 to 2020

FEATURED COMPANIES

  • AMEC Foster Wheeler PLC
  • Babcock & Wilcox Company
  • Cleaver Brooks
  • CMI Group
  • General Electric Company
  • Greens Power Limited
  • MORE
“The heat recovery steam generator market to grow at a CAGR of 3.7% during the forecast period”
The heat recovery steam generator market is expected to reach a value of USD 888.20 million by 2020, at a CAGR of 3.7% from 2015 to 2020. Increasing demand for electric power worldwide and subsequent investments in creating new generating capacity, efforts taken globally to reduce carbon emissions, and growing adoption of CCPP & CHP are driving the market globally. The shale gas boom & upgrade of aging existing thermal power plants in North America and decommissioning of nuclear plants in Europe could boost the demand for heat recovery steam generators in the two regions. In Asia-Pacific and RoW, the demand for heat recovery steam generators would be influenced by the upcoming new gas-fired power plants.
“The utilities segment would dominate the global market”
The utilities segment is estimated to account for more than 50% of the global heat recovery steam generator market in 2015. Increased primary energy consumption and governments providing incentives have paved way for several private players to set up power generation plants to cater to domestic demands. With growing concerns towards environmental conservation and curbing carbon emissions, clean tech power generation has received a big incentive push globally. This has resulted in an increase in the number of CCPP and CHP plants.
“Europe: The largest market for heat recovery steam generators”
Europe is currently the largest market for heat recovery steam generators, followed by Asia-Pacific and North America. The U.K. accounted for the majority share in Europe in 2014, while Russia is projected to grow at the highest CAGR from 2015 to 2020. Europe has the highest number of CHP plants, which further boosts the demand for heat recovery steam generators, and Russia is the market leader for CHP in the region. Asia-Pacific is the fastest growing market for heat recovery steam generators. In countries such as China and India, factors such as strong growth in demand for electricity fuelled by high levels of urbanization, industrialization, & infrastructural developments and subsequent investments in developing new large gas-fired combined cycle power generation, apart from other power plants, would spur the demand for heat recovery steam generators.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject matter experts, C-level executives of key market players, and industry consultants among other experts to obtain & verify critical qualitative and quantitate information as well as assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1 – 55%, Tier 2 – 20% and Tier 3 – 25%
By Designation: C-Level – 35%, Director Level – 25% and Others* – 40%
By Region: Asia-Pacific – 40%, Middle East & Africa – 30%, Europe – 20% and Americas – 10%
Note: *Others include sales managers, marketing managers, and product managers
The tier of the companies has been defined on the basis of their total revenue, as of 2014: Tier 1 =>USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 =<USD 1 billion

Leading players of this industry have been profiled with their recent developments and other strategic activities. These include General Electric Company (U.S.), Siemens AG (Germany), Amec Foster Wheeler plc. (U.K.), Babcock & Wilcox Company (U.S.), CMI Group (Belgium), and Doosan Engineering & Construction Co., Ltd. (South Korea) among others.
Why buy this report?
1. The report identifies and addresses key markets for heat recovery steam generator, which is useful for suppliers and OEMs to review production and distribution plans.
2. The report includes analysis of key countries by technological application of heat recovery steam generators; for instance, its application in CHP and combined cycle power plants. It analyzes historical trends and also forecast for 2020, assisting in strategic decision making.
3. It presents competition by analyzing recent market developments such as key contracts, expansions, and mergers & acquisitions from the key global market players. It helps understand the competition strategies and plan respective initiatives.
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FEATURED COMPANIES

  • AMEC Foster Wheeler PLC
  • Babcock & Wilcox Company
  • Cleaver Brooks
  • CMI Group
  • General Electric Company
  • Greens Power Limited
  • MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency & Pricing
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary
3.1 Introduction
3.2 Historical Backdrop & Evolution
3.3 Current Scenario
3.4 Future Outlook
3.5 Conclusion

4 Premium Insights
4.1 Attractive Market Opportunities
4.2 Heat Recovery Steam Generator Market, By End-User, 2015-2020
4.3 Heat Recovery Steam Generator Market, Application vs Power Rating
4.4 Europe Held the Largest Market Share (By Value) in 2014
4.5 Heat Recovery Steam Generator Market: Developed vs Developing Nations, 2015-2020
4.6 Life Cycle Analysis, By Region

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.2.1 Heat Recovery Steam Generator Market: By Rated Power
5.2.2 Heat Recovery Steam Generator Market: By Application
5.2.3 Heat Recovery Steam Generator Market: By End-User
5.2.4 Heat Recovery Steam Generator Market: By Region
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Increasing Efforts to Reduce Global Greenhouse Gas Emissions & Growing Adoption of Ccpps and CHP
5.3.1.2 Economic Benefits of Implementing the Heat Recovery Steam Generator
5.3.1.3 Increasing Global Electricity Demand & Subsequent Investments in Power Plants
5.3.2 Restraints
5.3.2.1 Problems Associated With Flow Accelerated Corrosion
5.3.3 Opportunities
5.3.3.1 Investments in Ccpp & CHP Plants in the Middle East & Africa
5.3.3.2 Conversion of Simple Cycle Power Plants to Ccpps
5.3.4 Challenges
5.3.4.1 Growing Focus on Renewable Sources for Power Generation
5.4 Supply Chain Analysis
5.5 Porter’s Five Forces Analysis
5.5.1 Threat of New Entrants
5.5.2 Threat of Substitutes
5.5.3 Bargaining Power of Suppliers
5.5.4 Bargaining Power of Buyers
5.5.5 Intensity of Competitive Rivalry

6 Heat Recovery Steam Generator Market, By Rated Power (MW)
6.1 Introduction
6.2 Heat Recovery Steam Generator With Rated Power Up to 30 MW
6.3 Heat Recovery Steam Generator With Rated Power >30 MW

7 Heat Recovery Steam Generator Market, By Application
7.1 Introduction
7.2 Combined Heat & Power
7.3 Combined Cycle

8 Heat Recovery Steam Generator Market, By End-User
8.1 Introduction
8.2 Utilities
8.3 Chemicals
8.4 Refineries
8.5 Pulp & Paper
8.6 Commercial
8.7 Others

9 Heat Recovery Steam Generator Market, By Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.2 India
9.2.3 Japan
9.3 Europe
9.3.1 U.K.
9.3.2 Russia
9.3.3 Germany
9.4 North America
9.4.1 U.S.
9.4.2 Canada
9.4.3 Mexico
9.5 Rest of World

10 Competitive Landscape
10.1 Overview
10.2 Competitive Situation & Trends
10.3 Contracts & Agreements
10.4 Expansion
10.5 Mergers & Acquisitions

11 Company Profiles
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
11.1 Introduction
11.2 General Electric Company
11.3 Siemens AG
11.4 AMEC Foster Wheeler PLC
11.5 Babcock & Wilcox Company
11.6 Doosan Engineering & Construction Co., Ltd.
11.7 Thermax Limited
11.8 Cleaver Brooks
11.9 CMI Group
11.10 Greens Power Limited
11.11 Kelvion Holding Gmbh
11.12 Nooter/Eriksen, Inc.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Developments
12.4 Introducing RT: Real Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports

List of Tables

Table 1 Growing Adoption of Ccpps and CHP Plants is A Key Factor Driving the Heat Recovery Steam Generator Market
Table 2 Problems Associated With Flow Accelerated Corrosion is Restraining the Growth of the Heat Recovery Steam Generator Market
Table 3 Simple Cycle to Ccpp Conversion is an Opportunity for the Heat Recovery Steam Generator Market
Table 4 The Focus on Renewable Sources for Power Generation is A Challenge for the Heat Recovery Steam Generator Market
Table 5 Heat Recovery Steam Generator Market Size, By Rated Power, 2013–2020 (USD Million)
Table 6 Heat Recovery Steam Generator: Rated Power > 30 MW Market Size, By Application, 2013-2020 (USD Million)
Table 7 Heat Recovery Steam Generator Market Size, By Application, 2013-2020, (USD Million)
Table 8 Heat Recovery Steam Generator: Combined Heat & Power Market Size, By Rated Power, 2013-2020 (USD Million)
Table 9 Heat Recovery Steam Generator: Combined Heat & Power Market Size, By Region, 2013-2020 (USD Million)
Table 10 Heat Recovery Steam Generator: Combined Cycle Market Size, By Region, 2013-2020 (USD Million)
Table 11 Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 12 Heat Recovery Steam Generator: Utilities Market Size, By Application, 2013–2020 (USD Million)
Table 13 Heat Recovery Steam Generator: Utilities Market Size, By Rated Power, 2013-2020 (USD Million)
Table 14 Heat Recovery Steam Generator: Utilities Market Size, By Region, 2013-2020 (USD Million)
Table 15 Heat Recovery Steam Generator: Utilities Market Size, By Country, 2013-2020 (USD Million)
Table 16 Heat Recovery Steam Generator: Chemicals Market Size, By Rated Power, 2013-2020 (USD Million)
Table 17 Heat Recovery Steam Generator: Chemicals Market Size, By Region, 2013-2020 (USD Million)
Table 18 Heat Recovery Steam Generator: Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 19 Heat Recovery Steam Generator: Refineries Market Size, By Rated Power, 2013–2020 (USD Million)
Table 20 Heat Recovery Steam Generator: Refineries Market Size, By Region, 2013-2020 (USD Million)
Table 21 Heat Recovery Steam Generator: Refineries Market Size, By Country, 2013-2020 (USD Million)
Table 22 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Rated Power, 2013–2020 (USD Million)
Table 23 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Region, 2013-2020 (USD Million)
Table 24 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 25 Heat Recovery Steam Generator: Commercial Market Size, By Rated Power, 2013–2020 (USD Million)
Table 26 Heat Recovery Steam Generator: Commercial Market Size, By Region, 2013-2020 (USD Million)
Table 27 Heat Recovery Steam Generator: Commercial Market Size, By Country, 2013-2020 (USD Million)
Table 28 Heat Recovery Steam Generator: Others Market Size, By Rated Power, 2013–2020 (USD Million)
Table 29 Heat Recovery Steam Generator: Others Market Size, By Region, 2013-2020 (USD Million)
Table 30 Heat Recovery Steam Generator: Others Market Size, By Country, 2013-2020 (USD Million)
Table 31 Heat Recovery Steam Generator Market Size, By Region, 2013–2020 (USD Million)
Table 32 Asia-Pacific: Heat Recovery Steam Generator Market Size, By Country, 2013–2020 (USD Million)
Table 33 Asia-Pacific: Heat Recovery Steam Generator Market Size, By Application, 2013–2020 (USD Million)
Table 34 Asia-Pacific: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 35 Asia-Pacific: Heat Recovery Steam Generator Utilities Market Size, By Country, 2013-2020 (USD Million)
Table 36 Asia-Pacific: Heat Recovery Steam Generator Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 37 Asia-Pacific: Heat Recovery Steam Generator Refineries Market Size, By Country, 2013-2020 (USD Million)
Table 38 Asia-Pacific: Heat Recovery Steam Generator Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 39 Asia-Pacific: Heat Recovery Steam Generator Commercial Market Size, By Country, 2013-2020 (USD Million)
Table 40 China: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 41 India: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 42 Japan: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 43 Europe: Heat Recovery Steam Generator Market Size, By Country, 2013–2020 (USD Million)
Table 44 Europe: Heat Recovery Steam Generator Market Size, By Application, 2013–2020 (USD Million)
Table 45 Europe: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 46 Europe: Heat Recovery Steam Generator Utilities Market Size, By Country, 2013-2020 (USD Million)
Table 47 Europe: Heat Recovery Steam Generator Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 48 Europe: Heat Recovery Steam Generator Refineries Market Size, By Country, 2013-2020, (USD Million)
Table 49 Europe: Heat Recovery Steam Generator Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 50 Europe: Heat Recovery Steam Generator Commercial Market Size, By Country, 2013-2020 (USD Million)
Table 51 U.K.: Heat Recovery Steam Generator Market Size, By End-User, 2013-2020 (USD Million)
Table 52 Russia: Heat Recovery Steam Generator Market Size, By End-User, 2013-2020 (USD Million)
Table 53 Germany: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 54 North America: Heat Recovery Steam Generator Market Size, By Country, 2013–2020 (USD Million)
Table 55 North America: Heat Recovery Steam Generator Market Size, By Application, 2013–2020 (USD Million)
Table 56 North America: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 57 North America: Heat Recovery Steam Generator Utilites Market Size, By Country, 2013-2020 (USD Million)
Table 58 North America: Heat Recovery Steam Generator Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 59 North America: Heat Recovery Steam Generator Refineries Market Size, By Country, 2013-2020 (USD Million)
Table 60 North America: Heat Recovery Steam Generator Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 61 North America: Heat Recovery Steam Generator Commercials Market Size, By Country, 2013-2020 (USD Million)
Table 62 U.S.: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 63 Canada: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 64 Mexico: Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 65 Rest of the World: Heat Recovery Steam Generator Market Size, By Application, 2013–2020 (USD Million)
Table 66 Contracts & Agreements, 2014–2016
Table 67 Expansions, 2013–2015
Table 68 Mergers & Acquisitions, 2011–2015
Table 69 Contracts & Agreements, 2012 - 2015
Table 70 New Product Launches, 2013 - 2014

List of Figures

Figure 1 Heat Recovery Steam Generator Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Evolution of Heat Recovery Steam Generators
Figure 7 Europe Dominated the Heat Recovery Steam Generator Market in 2014
Figure 8 Europe is A Potential Market for Heat Recovery Steam Generators
Figure 9 Combined Cycle is the Largest Segment, By Application, 2015–2020
Figure 10 Heat Recovery Steam Generator Market Size, By Rated Capacity, 2015-2020 (USD Million)
Figure 11 The Utilities Segment is Likely to Dominate the Heat Recovery Steam Generator Market During the Forecast Period
Figure 12 Siemens AG Was the Most Active Company in Terms of Market Developments From 2012 to 2015
Figure 13 Upcoming Combined Cycle Power Plant, CHP, & Simple Cycle to Combined Cycle Power Plant Conversion Projects Offer Lucrative Opportunities
Figure 14 The Commercial Sector is Expected to Grow at the Highest Rate in the Global Market During the Forecast Period
Figure 15 The Combined Cycle Application & >30 MW Rated Power Segment are Estimated to Hold the Largest Market Shares in 2015
Figure 16 The Heat Recovery Steam Generator Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Developing Economies in Asia-Pacific are Expected to Grow at the Fastest Rate During the Forecast Period
Figure 18 The Heat Recovery Steam Generator Market in Asia-Pacific is Expected to Grow at the Highest Rate During the Forecast Period
Figure 19 Heat Recovery Steam Generator Market Segmentation
Figure 20 Heat Recovery Steam Generator Market: By Rated Power
Figure 21 Heat Recovery Steam Generator Market: By Application
Figure 22 Heat Recovery Steam Generator Market: By End-User
Figure 23 Heat Recovery Steam Generator Market: By Region
Figure 24 Increasing Use of CCPPS and CHP to Propel the Heat Recovery Steam Generator Market
Figure 25 Global Co2 Emissions From Fossil Fuel Use and Cement Production, 1994–2014
Figure 26 Electric Power Consumption and Urban Population Growth, 1992–2002
Figure 27 Electricity Production From Renewable Sources, Excluding Hydroelectric (Kwh), 1992–2002
Figure 28 Supply Chain Analysis: Heat Recovery Steam Generator Market
Figure 29 Porter’s Five Forces Analysis: Heat Recovery Steam Generator Market
Figure 30 The Rated Power > 30 MW Segment is Expected to Dominate the Market During the Forecast Period
Figure 31 Heat Recovery Steam Generator: Rated Power Up to 30 MW Market Size, , 2013-2020 (USD Million)
Figure 32 Heat Recovery Steam Generator: Combined Cycle Market Size, By Rated Power, 2013-2020 (USD Million)
Figure 33 The Utilities Segment is Estimated to Account for the Largest Market Share (Value) in 2015
Figure 34 Heat Recovery Steam Generator: Chemicals Market Size, By Application, 2013-2020 (USD Million)
Figure 35 Heat Recovery Steam Generator: Refineries Market Size, By Application, 2013-2020 (USD Million)
Figure 36 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Application, 2013-2020 (USD Million)
Figure 37 Heat Recovery Steam Generator: Commercial Market Size, By Application, 2013-2020 (USD Million)
Figure 38 Heat Recovery Steam Generator: Others Market Size, By Application, 2013-2020 (USD Million)
Figure 39 Regional Snapshot (2014): Growing Markets are Emerging as New Hot Spots
Figure 40 Heat Recovery Steam Generator Market Size, By Region, 2015–2020 (USD Million)
Figure 41 Asia-Pacific: Heat Recovery Steam Generator Market Overview
Figure 42 Europe: Heat Recovery Steam Generator Market Overview
Figure 43 Companies Adopted Contracts & Agreements as the Key Growth Strategy From 2012 to 2015
Figure 44 Battle for Market Share: Contracts & Agreements Was the Key Strategy Adopted By Top Players, From 2012 to 2015
Figure 45 Market Leaders Based on Recent Developments, From 2012 to 2015
Figure 46 Market Evolution Framework: Contracts & Agreements Supplemented the Market Growth, From 2012 to 2015
Figure 47 Regional Mix of the Top Players
Figure 48 General Electric Company: Company Snapshot
Figure 49 General Electric Company: SWOT Analysis
Figure 50 Siemens AG: Company Snapshot
Figure 51 Siemens AG: SWOT Analysis
Figure 52 AMEC Foster Wheeler PLC: Company Snapshot
Figure 53 AMEC Foster Wheeler PLC: SWOT Analysis
Figure 54 Babcock & Wilcox Company: Company Snapshot
Figure 55 Babcock & Wilcox Company: SWOT Analysis
Figure 56 Doosan Engineering & Construction Co., Ltd.: Company Snapshot
Figure 57 Doosan Engineering & Construction Co., Ltd.: SWOT Analysis
Figure 58 Thermax Limited: Company Snapshot
Figure 59 CMI Group: Company Snapshot
Note: Product cover images may vary from those shown
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- AMEC Foster Wheeler PLC
- Babcock & Wilcox Company
- CMI Group
- Cleaver Brooks
- Doosan Engineering & Construction Co., Ltd.
- General Electric Company
- Greens Power Limited
- Kelvion Holding Gmbh
- Nooter/Eriksen, Inc.
- Siemens AG
- Thermax Limited
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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