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    Heat Recovery Steam Generator Market Report

    Heat Recovery Steam Generator Market Report
    Report code - SRCE297 Delivery - 2 Weeks
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    Heat Recovery Steam Generator Market Size, Share, Trend, Forecast, & Industry Analysis See more...

    Impact of COVID-19 on Heat Recovery Steam Generator Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Heat Recovery Steam Generator Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    Heat Recovery Steam Generator Market is likely to witness an impressive CAGR of 5.3% during the forecast period. Surge in utilization towards cogeneration technology along with growing investment towards generation capacity expansion is likely to drive the market growth.

    Heat Recovery Steam Generator Market – Snapshot

    Growth

    5.3% for the next five years

    Major Design Type

    Horizontal Drum

    Major Application Type

    Utilities

    Region with the Fastest Growing demand

    Asia-Pacific

    Key Players

    John Wood, Kawasaki, B&W, Larsen & Turbo, BHEL, Cleaver-Brooks, Clayton, John Cockerill, Mitsubishi, GE, Siemens, AC Boilers, Rentech, Thermax, Kelvion, and Hamon

    Segment Analysis

    Heat-Recovery-Steam-Generator-Market-Dominant-Segments

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    Heat Recovery Steam Generator Market Share: By Design Type

    Based on the design type, the market is segmented as horizontal drum and vertical drum. The horizontal drum segment is projected to be the larger segment of the market during the forecast period driven by ease of compatibility and lower capital expenditure. Continuous technological development along with healthy growth in combine cycle plants will drive the market for the horizontal drum segment.

    Heat Recovery Steam Generator Market Share: By Application Type

    Based on the application type, the market is segmented as utilities, commercial, chemicals, refineries, pulp & paper, and others. The utilities segment is projected to remain the largest segment of the market. Development of thermal power generating station along with increased focus towards sustainable energy sources is likely to drive the market growth.

    Heat Recovery Steam Generator Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the most lucrative market led by China, Japan, and India. Expanding industrial sector, rapid urbanization, significant economic development in the region, and increased focus towards sustainable source of energy are the major factors driving the growth of the Asia-Pacific’s market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Heat-Recovery-Steam-Generator-Market-By-Region

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    Market Scope & Segmentation

    Heat Recovery Steam Generator is an energy recovery heat exchanger used to recover heat from a hot gas stream such as combustion turbine, or waste gas stream. The market is segmented by Design Type into horizontal drum and vertical drum; by rated power into 0-30 MW, >30-50 MW, >50-100 MW, >200 MW; by mode of operation into cogeneration and combined cycle; and by application type into utilities, commercial, chemicals, and refineries.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Heat Recovery Steam Generator Market Research Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The heat recovery steam generator market is segmented into the following categories. 

    Heat Recovery Steam Generator Market Size, Share, & Forecast, by Design Type:

    • Horizontal Drum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertical Drum (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Heat Recovery Steam Generator Market Size, Share, & Forecast, by Rated Power Type:

    • 0-30 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >30-50 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >50-100 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >100-200 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • >200 MW (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Heat Recovery Steam Generator Market Size, Share, & Forecast, by Mode of Operation Type:

    • Cogeneration (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Combined Cycle (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Heat Recovery Steam Generator Market Size, Share, & Forecast, by Application Type:

    • Utilities (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Refineries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pulp & Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Heat Recovery Steam Generator Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Heat-Recovery-Steam-Generator-Market-Segmentation

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    Key Players

    Some of the key players in the heat recovery steam generator market are-

    • John Wood
    • Kawasaki
    • B&W
    • Larsen & Turbo
    • BHEL
    • Cleaver-Brooks
    • Clayton
    • John Cockerill
    • Mitsubishi
    • GE
    • Siemens
    • AC Boilers
    • Rentech
    • Thermax
    • Kelvion
    • Hamon.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation by any one of the design types by rated power type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The heat recovery steam generator market is expected to witness an impressive growth of 5.3% CAGR in the foreseeable future.

    John Wood, Kawasaki, B&W, Larsen & Turbo, BHEL, Cleaver-Brooks, Clayton, John Cockerill, Mitsubishi, GE, Siemens, AC Boilers, Rentech, Thermax, Kelvion, and Hamon are among the key players in the heat recovery steam generator market.

    Asia-pacific is expected to be the most lucrative heat recovery steam generator market during the forecast period.

    The utilities segment is expected to remain the largest segment in the heat recovery steam generator market in the coming five years.

    The horizontal drum segment is expected to be the larger segment in the heat recovery steam generator market in the next five years.

    Surge in utilization towards cogeneration technology along with growing investment towards generation capacity expansion is the factor driving the growth of the heat recovery generator market.

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