Press release
Heat Recovery Steam Generator Market Projected to Reach US$ 1.77 Billion by 2029, with a Steady CAGR of 3.2% During the Forecast Period
Heat Recovery Steam Generator Market
Maximize Market Research Pvt Ltd, a renowned market research company, has released an extensive report on the Global Heat Recovery Steam Generator (HRSG) Market. This comprehensive report provides valuable insights into market dynamics, including the impact of the COVID-19 pandemic, research methodology, drivers, restraints, and regional insights.
The report includes an in-depth analysis of the impact of the COVID-19 pandemic on the Global Heat Recovery Steam Generator Market by region. It also examines the effects on key players' revenue up to July 2021 and forecasts both short-term and long-term impacts on the market.
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Heat Recovery Steam Generator Market Dynamics:
A Heat Recovery Steam Generator (HRSG) is an energy recovery heat exchanger that captures heat from a hot gas stream, such as a combustion turbine or other waste gas stream. HRSGs generate steam, which can be used in various processes or to drive steam turbines. These systems consist of four key segments: economizer, evaporator, water preheater, and superheater.
The scope of Maximize Market Research's report encompasses a detailed study of global and regional HRSG markets. It explores the reasons for variations in the growth of the energy and power industry in specific regions. The report highlights the growing utilization of cogeneration technology and rising investments in generation capacity growth as factors stimulating the HRSG market's growth. For instance, according to the U.S. Energy Information Administration, coal's contribution to overall U.S. energy consumption decreased by 4% in 2022 compared to 2021. Additionally, the industrial sector's increasing focus on non-conventional energy sources is expected to have a positive impact on HRSG market growth.
However, the installation of HRSGs requires significant maintenance and investment, leading to higher costs, which may hinder demand in the forecast period. Additionally, a lack of skilled labor to operate HRSGs could further impede market growth.
Heat Recovery Steam Generator Market Regional Insights:
By region, Asia Pacific is projected to maintain its position as the largest market shareholder in the HRSG market, thanks to the increased installation of greenfield projects for novel co-generation and combined power and heat plants by both private and public initiatives. The region is expected to experience growth exceeding the global CAGR.
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Heat Recovery Steam Generator Market Segmentation:
by Power Rating
Below 100 MW
101 MW
200 MW
Above 201 MW
by Application
Power Utility
Industrial
Others
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Heat Recovery Steam Generator Market Key Players:
1. General Electric Company (U.S)
2. Siemens AG (Germany)
3. Amec Foster Wheeler Plc. (U.K)
4. Babock and Wilcox Company (U.S)
5. CMI Group (Belgium)
6. Doosan Engineering and Construction Co., Ltd. (South Korea)
7. Mitsubishi Heavy Industries Ltd.
8. John Wood Group PLC.
9. Larsen and Toubro Ltd.
10.Thermax
11.Bharat Heavy Electricals Ltd.
12.Baker Hughes
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Table of content for the Heat Recovery Steam Generator Market includes:
1. Global Heat Recovery Steam Generator Market: Research Methodology
2. Global Heat Recovery Steam Generator Market: Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3. Global Heat Recovery Steam Generator Market: Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4. Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape
• Past Pricing and price curve by region
• Market Size, Share, Size and Forecast by different segment | 2023-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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Contact Maximize Market Research:
MAXIMIZE MARKET RESEARCH PVT. LTD.
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Pune Banglore Highway,Narhe
Pune, Maharashtra 411041, India
✆ +91 9607365656
sales@maximizemarketresearch.com
https://www.maximizemarketresearch.com
About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.
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