+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Heat Recovery Steam Generator - Market Analysis, Trends, and Forecasts

  • ID: 4805578
  • Report
  • March 2020
  • Region: Global
  • 491 pages
  • Global Industry Analysts, Inc
1 of 2
The Heat Recovery Steam Generator market worldwide is projected to grow by US$203 Million, driven by a compounded growth of 3.6%. Upto 30 MW, one of the segments analyzed and sized in this study, displays the potential to grow at over 4.1%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$457.1 Million by the year 2025, Upto 30 MW will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 2.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$11.3 Million to the region's size and clout in the next 5 to 6 years. Over US$9 Million worth of projected demand in the region will come from Rest of Europe markets. In Japan, Upto 30 MW will reach a market size of US$21.9 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 6.4% over the next couple of years and add approximately US$62.1 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include, among others:
  • Amec Foster Wheeler PLC
  • Babcock & Wilcox Enterprises, Inc.
  • Doosan Engineering & Construction
  • General Electric Company
  • Siemens AG
Note: Product cover images may vary from those shown
2 of 2
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Heat Recovery Steam Generators: A Prelude
Design and Functionality
HRSG Categories
Specialized HRSG Varieties and Functionalities
Global Heat Recovery System Generator (HRSG) Market Set to Witness Rapid Growth
Developed Regions Dominate, While Developing Markets to Witness Faster Growth
Combined Heat and Power (CHP) Application Holds the Major Share, Combined Cycle Application to Witness Rapid Growth
Utilities - The Largest End-use Market for HRSGs
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Surging Energy Consumption and Demand for Electricity to Drive the Demand for HRSGs
EXHIBIT 1: Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
EXHIBIT 2: Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
EXHIBIT 3: Global Energy Consumption (Billion toe) by Country/Region (1995, 2017 and 2040): Breakdown for USA, China, India, Russia, Brazil, EU, Middle East and Rest of World
Rising Focus on Cogeneration Technology Drives the Demand for Heat Recovery Steam Generators
EXHIBIT 4: CHP Share of Total Electricity Generation in Major Countries Worldwide
EXHIBIT 5: CHP Installed Capacity (in MWe) in Major Countries Worldwide
Heat Recovery Steam Generators Allow CCGT Plants to Achieve High Efficiency
Emphasis on Curbing Carbon Emissions Accelerates Demand
EXHIBIT 6: Price of Carbon Emission in US$ per Metric Ton of CO2-Equivalent by Select Countries: 2019
EXHIBIT 7: Percentage Share of Carbon Dioxide Emissions Worldwide by Price: 2019
Growing Focus on Renewable Energy: A Strong Growth Driver
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
EXHIBIT 8: Global Investments (US$ Billion) in Renewable Energy by Source: 2018
Focus on Energy Efficiency Drives up the Demand for HRSG
EXHIBIT 9: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018 by Region
EXHIBIT 10: Global Investments in Energy Efficiency (In US$ Billion) for the Years 2016 and 2018 by Industry
Healthy Outlook for the World Chemical Industry Extends a Fillip to HRSG Market
EXHIBIT 11: World Chemical Industry (In US$ Billion) for the Years 2018 & 2020
Innovative HRSG Designs and Upgrades Improve Performance and Efficiency
Recent Developments in the HRSG Space

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA

IV. COMPETITION
Total Companies Profiled : 31 (including Divisions/Subsidiaries - 34)
Note: Product cover images may vary from those shown
3 of 2

Loading
LOADING...

Adroll
adroll