Global Heat Recovery Steam Generator (HRSG) Market 2020-2024

Global Heat Recovery Steam Generator (HRSG) Market 2020-2024

The publisher has been monitoring the heat recovery steam generator (HRSG) market and it is poised to grow by $ 189.65 mn during 2020-2024, progressing at a CAGR of 3% during the forecast period. The reports on heat recovery steam generator (HRSG) market provide a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increase in energy efficiency, rise in global warming, and government initiatives. In addition, an increase in energy efficiency is anticipated to boost the growth of the market as well.

The heat recovery steam generator (HRSG) market analysis includes product segment and geographical landscapes.

The heat recovery steam generator (HRSG) market is segmented as below:

By Product

• Horizontal HRSG
• Vertical HRSG

By Geographical Landscapes

• APAC
• North America
• Europe
• South America
• MEA

This study identifies the increase in demand for HRSG in power production as one of the prime reasons driving the heat recovery steam generator (HRSG) market growth during the next few years. Also, government investments and technological advances will lead to sizable demand in the market.

The heat recovery steam generator (HRSG) market report covers the following areas:

• Heat recovery steam generator (HRSG) market sizing
• Heat recovery steam generator (HRSG) market forecast
• Heat recovery steam generator (HRSG) market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading heat recovery steam generator (HRSG) market vendors that include Babcock & Wilcox Enterprises Inc., Clayton Industries, Doosan Heavy Industries & Construction Co. Ltd., General Electric Co., John Wood Group Plc, Kawasaki Heavy Industries Ltd., Kelvion Holding GmbH, Mitsubishi Heavy Industries Ltd., Siemens AG, and Thermax Ltd. Also, the heat recovery steam generator (HRSG) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.