Heat Recovery Steam Generator Market Estimated to Flourish by 2027 - Lead by Cleaver-Brooks, General Electric, John Wood Group, Kawasaki Heavy Industries, Larsen and Toubro, Mitsubishi Electric, Rentech, Siemens AG and Thermax Limited
Heat recovery steam generators transform the water into superheated steam. The highly increasing competitiveness among the different centralized electricity generation technologies and the increasing concern on environmental issues, force all the available generation technologies to improve their efficiencies, reducing the primary energy consumption. Heat recovery steam generators constitute a key element in the energy performance of electric power plants.
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Top Leading Market Players:
1. AC Boilers SpA
2. Cleaver-Brooks, Inc.
3. General Electric
4. John Wood Group PLC
5. Kawasaki Heavy Industries Ltd.
6. Larsen and Toubro Limited
7. Mitsubishi Electric Coporation
8. Rentech, Inc.
9. Siemens AG
10. Thermax Limited
The rising demands for green and clean energy sources coupled with increasing electricity generation pressures in the urbanized areas of the world and the need to store electricity are anticipated to be the major drivers for the heat recovery steam generator market. Lack of technological awareness about the functioning of heat recovery steam generator, and the system complexity of these instruments would challenge the growth of the heat recovery steam generator market.
Further, increasing projects related to the electrification of rural parts in the majority of developing economies would provide good opportunities to the players operating in the heat recovery steam generator market.
Market Segmentation :
The global heat recovery steam generator market is segmented on the basis of rated power, application, and end-user. Based on rated power, the heat recovery steam generator market is segmented into 0-60 MW, 60-100 MW, and Above 100 MW. On the basis of application, the heat recovery steam generator market is segmented into co-generation and combined cycle. Further, the heat recovery steam generator market is segmented on the basis of end-user into energy and utilities, chemical, refineries, paper and pulp, commercial, and others.
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Heat Recovery Steam Generator Market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
The Heat Recovery Steam Generator Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 – 2027, considering 2018 as the base year and 2018 – 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 16 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
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Reason to Buy:
• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Global Heat Recovery Steam Generator Market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the Heat Recovery Steam Generator, thereby allowing players to develop effective long term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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