Heat Recovery Steam Generator Market to Cross US$ 1076.68 Million by 2026: Global Key Players - Thermax, Alstom Power, Babcock & Wilcox, Mitsubishi, Hitachi, Siemens AG

Marketprognosis.com Publish a New Market Research Report On “Heat Recovery Steam Generator - Global Market Outlook (2017-2026)” which contains global key player’s survey information and forecast to 2026.

Overview of the Global Heat Recovery Steam Generator Market:

The Global Heat Recovery Steam Generator Market is estimated at $709.23 Million in 2017 and is projected to reach $1076.68 Million by 2026, at a CAGR of 4.7%.

Some of the key factors fueling the market include increase in energy efficiency measures, conversion of simple cycle power plants to CCPPS, increase in energy demand, growing awareness to reduce the exhaust gas released from gas turbine and growing need to increase the efficiency of the plant. However, problems associated with flow accelerated corrosion are restricting the market growth.

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A Heat Recovery Steam Generator (HRSG) is a heat exchanger that operates at different pressure levels and utilizes exhaust gas to produce steam. The primary purpose of HRSG is to convert water into superheated steam. It provides thermodynamic link between the steam and gas turbines in order to achieve optimum performance in a combined cycle power plant. The HRSG is also used in gas power plants to minimize carbon emissions. The use of HRSG systems is also made in desalination plants where heat is used for power generation, as well as desalination process. Also, in heat produced from thermal plants is captured by HRSG and used for district heating purpose.

Geographically, Europe held largest market share as European Union has also made guidelines to be followed in the countries of the region for cleaner energy. International bodies, like international energy agency has supported research project and technical assistance for HRSG and other clean energy initiatives for companies around the world. Moreover, the presence of large number of CHP plants in Europe offers huge market opportunities for replacement of ageing HRSGs.

Major Key Players:

1 Thermax

2 Ansaldo Caldaie

3 Alstom Power

4 Babcock & Wilcox Co. Ltd

5 Amec Foster Wheeler

6 Mitsubishi

7 CMI Group

8 Siemens AG and More…………..

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Market Segment by Applications:

1 Waste to Energy Power Plant

2 District Heating System

3 Combined Cycle Power Plant

4 Desalination Plant

Market Segment by End User:

1 Pulp & Paper

2 Utilities

3 Commercial

4 Chemicals

5 Refineries

6 Other End Users

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This study answers to the below key questions:

1 What will the market size be in 2026 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Heat Recovery Steam Generator Market.

Table of Contents:

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Heat Recovery Steam Generator Market, By Rated Power

6 Global Heat Recovery Steam Generator Market, By Application

7 Global Heat Recovery Steam Generator Market, By End User

8 Global Heat Recovery Steam Generator Market, By Geography

9 Key Developments

10 Companies Profiling

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This release was published on openPR.