Global Heat Recovery Steam Generator Market Expected To Observer Major Growth By 2023

The report “Heat Recovery Steam Generator Market by, Configuration, Application and Gas Turbine Output Power – Global Industry Analysis And Forecast To 2025”, issued by Crystal Market Research, the market has come across substantial development in the recent years and is projected to grow significantly over the forecast period.

Heat Recovery Steam Generator Market by Design (Bundle Construction, Modular Construction, Fully Assembled and C-Section Construction), Configuration (Vertical Drum Unit, Horizontal-Once Through Unit and Horizontal Drum Unit), Application (Combined Cycle, Combined Heat & Power (CHP), and Co-generation (Process Heating), Gas Turbine Output Power (0-60 MW, 60-100 MW and 100 MW & Above) – Global Industry Analysis And Forecast To 2025.

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Heat Recovery Steam Generator| Business Development, Size, Share, Analysis and Opportunities To 2025: Industry Outlook and Trend Analysis:

Heat Recovery Steam Generator (HRSG) is mainly used for generating superhot steam from water, while registering itself at a compound annual growth rate (CAGR) during the forecast period. Number of advantages of (HRSG) is gaining demand in various areas. Efforts are been made by environmental organization, industries and governments to increase its use in different sectors. HRSG can be used in both gas and steam turbine, in gas power plants it’s used to reduce carbon emission. HRSG systems are also used for desalination purpose. The area for use of HRSG is increasing due to advancements in Integrated Solar Combined Cycle (ISCC) power plants.

Competitive Insights:

The key players in the Heat Recovery Steam Generator Market are:

Greens Power Limited

Siemens AG

Cleaver Brooks

AMEC Foster Wheeler PLC

Thermax Limited

CMI Group

General Electric Company

Doosan Engineering & Construction Co. Ltd.

Nooter/Eriksen

Kelvion Holding Gmbh

Drivers and Restrains:

Heat Recovery Steam Generator (HRSG) market is seen growing due to number of reasons like; initiatives towards reducing the greenhouse gases, strict rules & regulations for controlling climate change, rise in R&D, increased efficiency due to technical growth, rise in need of energy for economic growth, etc. But every technology comes with some hurdles, restrains of HRSG are; more cost incurred in their maintenance and management and locally used small equipment’s is causing problems (corrosion and overheating).

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Segmentation:

The Heat Recovery Steam Generator Market is segmented on the basis of design, Type, Component and Application;

  • Based on Type the market is divided into: Bundle Construction, Modular Construction, Fully Assembled and C-Section Construction. The segment seen to lead the market during the predicted span is Modular.
  • Based on Configuration the market is divided into: Vertical Drum Unit, Horizontal-Once through Unit and Horizontal Drum Unit. Out of these Horizontal-Once through Unit is seen to increase market share in predicted span.
  • Based on Application the market is divided into: Combined Cycle, Combined Heat & Power (CHP) and Co-generation (Process Heating). The highest market share is gained by Combined Cycle segment. CHP is considered to gain next spot after Combined Cycle in the predicted span.
  • Based on Gas turbine output power the market is divided into: 0-60 MW, 60-100 MW and 100 MW & Above.  The leading segment seen in the forecasted period is 60-100 MW segment.

Regional Outlook and Trend Analysis:

Geographically, the Heat Recovery Steam Generator Market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East and Africa. Europe region is seen leading the market during the predicted span. The Asia Pacific and North America are ranked after Europe considering market share.

By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)

Major Table of Contents:

Chapter 1. Introduction
1.1. Report Description

Chapter 2. Executive Summary
2.1. Key Highlights

Chapter 3. Market Overview

Chapter 6. Heat Recovery Steam Generator Market, By Configuration

6.1. Introduction
6.2. Global Heat Recovery Steam Generator Revenue and Market Share by Configuration (2014-2018)
6.2.1. Global Heat Recovery Steam Generator Revenue and Revenue Share by Configuration (2014-2018)
6.3. Vertical Drum Unit
6.3.1. Global Vertical Drum Unit Revenue and Growth Rate (2014-2018)
6.4. Horizontal-Once Through Unit
6.4.1. Global Horizontal-Once Through Unit Revenue and Growth Rate (2014-2018)
6.5. Horizontal Drum Unit

Chapter 9. Heat Recovery Steam Generator Market, By Region

9.1. Introduction
9.2. Global Heat Recovery Steam Generator Revenue and Market Share by Regions
9.2.1. Global Heat Recovery Steam Generator Revenue by Regions (2014-2018)
9.3. North America Heat Recovery Steam Generator by Countries
9.3.1. North America Heat Recovery Steam Generator Revenue and Growth Rate (2014-2018)

Chapter 10. Company Profiles

10.1. Greens Power Limited
10.2. Siemens AG
10.3. Cleaver Brooks
10.4. AMEC Foster Wheeler PLC
10.5. Thermax Limited
10.6. CMI Group
10.7. General Electric Company
10.8. Doosan Engineering & Construction Co. Ltd
10.9. Nooter/Eriksen, Inc
10.10. Kelvion Holding Gmbh

Reasons to Buy the Report:

This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the rapid microbiology testing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

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