In countries such as India and China, heat recovery steam generator systems are installed for generating electricity for infrastructural and industrial development. Governments are also taking initiatives to cater to the need of the rapidly multiplying population and their increasing demand for basic necessities, in which electricity plays a major role. Such initiatives are likely to bode well for the global heat recovery steam generator market size. According to Fortune Business Insights, the market for heat recovery steam generating systems is anticipated to rise exponentially on account of the growing demand for energy and power for daily consumption in all residential, industrial and commercial sectors.
According to a report by Fortune Business Insights, the Heat Recovery Steam Generator Market is segmented into above 100MW, 51MW-100MW, 31MW-50MW, and 0-30MW, based on power rating. Among these, the 30MW capacity segment is currently holding a significant market share owing to their compact size and efficiency to utilize waste heat. The 30 MW capacity is used in various grid and commercial networks and small industries.
Key Companies
Amec Foster Wheeler THERMAX Siemens Alstom Rentech XIZI UHC Mitsubishi Hitachi Power System XIZI UHC Cannon Bono Energia CMI Groupe General Electrics Cleaver-Brook
The report on global heat recovery steam generator system by Fortune Business Insights is titled,” Heat Recovery Steam Generator Market Size, Share and Global Trend By Design (Horizontal Drum, Vertical Drum), By Application (Cogeneration, Combined Cycle), By Power rating (Up to 30MW, 31MW-50MW, 51WM-100MW, Above 100MW), By End-user (Power Generation, Refinery, Chemical, Paper & Pulp, Commercial, Utility) and Geography Forecast Till 2026”. The report focuses on growth drivers and restraints, trends and opportunities and competitive landscape of the market. All information provided in the report are gathered from both primary and secondary resources.
Key Industry Developments
In Apr 2019, MHPS secured a contract to supply equipment like a gas turbine, steam turbine, generator, and heat recovery steam generator for 1026.3MW natural gas power plant GTCC power plant for the UAE’s Emirates of Sharjah. In Apr 2019, METKA SA has signed a deal of worth €118 million with JAVNO PODJETJE ENERGETIKA, Ljubljana for engineering, procurement, and construction of new combined heat and power plant in Ljubljana. The scope of this project to supply, installation and commissioning of two gas turbine, two heat recovery steam generator with the necessary equipment required for construction. In Mar 2019, GE Power and Bangladesh’s independent power producer summit have agreed to co-develop a combined cycle gas power plant called Meghnaghat II near Dhaka to generate electricity to power households, businesses, and industries across the country. The scope of this project is to supply 9HA.01 gas turbine, heat recovery steam generator, steam turbine generator, condenser and associated system for power plant. Segmentation
- By Design
Horizontal Drum Vertical Drum 2. By Application
Cogeneration Combined Cycle 3. By Power rating
Up to 30MW 31MW-50MW 51WM-100MW Above 100MW 4. By End-user
Power Generation Refinery Chemical Paper & Pulp Commercial Utility Others 5. By Geography
North America (USA and Canada) Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Market Analysis and Insights:- Global Heat Recovery Steam Generator MarketGlobal Heat Recovery Steam Generator Market, By Design (Horizontal Drum, Vertical Drum), Rated Power (0-30 MW, >30-50 MW, >50-100 MW, >100-200 MW, >200 MW), Mode of Operation (Cogeneration, Combined Cycle), Application (Utilities, Chemical, Refineries, Pulp & Paper), End-User (Power Plants, Oil and Gas Facilities, Chemical and Fertilizer Plants, and Other End-Users), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa), Industry Trends and Forecast to 2027 Market Analysis and Insights: Global Heat Recovery Steam Generator MarketHeat recovery steam generator market is expected to reach USD 1.36 billion by 2027 witnessing market growth at a rate of 3.50% in the forecast period of 2020 to 2027.
Data Bridge Market Research report on heat recovery steam generator market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth.The escalating application of the cogeneration technique within the expanding venture toward generation capacity expansion will excite business growth.
Surging expenses of power, supportive administrative conditions and diminishing resources costs on the reckoning of continuing technological advancements are some of the pre-eminent determinants that will enlarge the heat recovery steam generator exchange extension.
Huge initial expenses will act as the restraint for the market growth.Get More Insight About the Global Heat Recovery Steam Generator Market, Request Sample @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-heat-recovery-steam-generator-market This heat recovery steam generator market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research heat recovery steam generator market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.Global Heat Recovery Steam Generator Market Scope and Market SizeHeat recovery steam generator market is segmented on the basis of design, rated power, mode of operation, application, and end-user.
The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.On the basis of design, the heat recovery steam generator market has been segmented into horizontal drum, and vertical drum.Based on rated power, the heat recovery steam generator market has been segmented into 0-30 MW, >30-50 MW, >50-100 MW, >100-200 MW, >200 MW.On the basis of mode of operation, the heat recovery steam generator market has been segmented into cogeneration, and combined cycle.On the basis of application, the heat recovery steam generator market has been segmented into utilities, chemical, refineries, and pulp & paper.Heat recovery steam generator market has also been segmented on the basis of end user into power plants, oil and gas facilities, chemical and fertilizer plants, and other end-users.Heat Recovery Steam Generator Market Country Level AnalysisHeat recovery steam generator market is analysed and market size, volume information is provided by country, design, rated power, mode of operation, application, and end-user as referenced above.Know More About this Report @ https://www.databridgemarketresearch.com/reports/global-heat-recovery-steam-generator-marketThe countries covered in the market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).Asia-Pacific has dominated the heat recovery steam generator market in the past and is going to dominate the market in the forecast period because of the several power projects under construction.Competitive Landscape and Heat Recovery Steam Generator Market Share AnalysisGlobal Heat recovery steam generator market competitive landscape provides details by competitor.
The latest trending report Global Heat Recovery Steam Generator Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Heat Recovery Steam Generator market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 3.6% in the forecast period of 2020 to 2025 and will expected to reach USD 2865.1 million by 2025, from USD 2483.6 million in 2019.The Heat Recovery Steam Generator market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/27931-heat-recovery-steam-generator-hrsg-market-analysis-reportThe major players covered in Heat Recovery Steam Generator are: Nooter Eriksen STF CMI Energy BHI VOGT Power Alstom Power Mitsubishi NEM Energy Doosan E Babcock & Wilcox Foster Wheeler (Wood) Wuxi Huaguang Hangzhou Boiler BHELBy Type, Heat Recovery Steam Generator market has been segmented into Below 50MW 50MWBelow OutputBelow 100MW 100MWBelow OutputBelow 300MW Above 300MWBy Application, Heat Recovery Steam Generator has been segmented into: Power Station Industrial ProductionThe report offers in-depth assessment of the growth and other aspects of the Heat Recovery Steam Generator market in important countries (regions), including: North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, etc.
) Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Heat Recovery Steam Generator Market @ https://www.decisiondatabases.com/contact/download-sample-27931The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Heat Recovery Steam Generator product scope, , market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Heat Recovery Steam Generator, with price, sales, revenue and global market share of Heat Recovery Steam Generator in 2018 and 2019.Chapter 3, the Heat Recovery Steam Generator competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Heat Recovery Steam Generator breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Heat Recovery Steam Generator market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Heat Recovery Steam Generator sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Heat Recovery Steam Generator Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-27931Other Reports by DecisionDatabases.com:Global Fresh Water Generator Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Pure Steam Generator Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Steam Generator Irons Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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