Heat Recovery Steam Generator Market Growth, Top Players, and Forecast by 2031

MARKET INTRODUCTION

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.

MARKET DYNAMICS

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 SCOPE

The "Global Heat Recovery Steam Generator Market Analysis to 2031" is a specialized and in-depth study of the electronics and semiconductor industry with a special focus on the global market trend analysis. The report aims to provide an overview of the heat recovery steam generator market with detailed market segmentation by rated power, application, end-user, and geography. The global heat recovery steam generator market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading heat recovery steam generator market players and offers key trends and opportunities in the 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.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global heat recovery steam generator market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The heat recovery steam generator market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the heat recovery steam generator market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the heat recovery steam generator in these regions.

MARKET PLAYERS

The reports cover key developments in the heat recovery steam generator market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from heat recovery steam generator market are anticipated to lucrative growth opportunities in the future with the rising demand for heat recovery steam generator in the global market. Below mentioned is the list of few companies engaged in the heat recovery steam generator market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the heat recovery steam generator market. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of the last 3 years, the key development in the past five years.

•  AC Boilers SpA
•  Cleaver-Brooks, Inc.
•  General Electric
•  John Wood Group PLC
•  Kawasaki Heavy Industries Ltd.
•  Larsen and Toubro Limited
•  Mitsubishi Electric Corporation
•  Rentech, Inc.
•  Siemens AG
•  Thermax Limited

BHEL, Cannon S.p.A., Clayton Industries, John Cockerill Group, Babcock & Wilcox Enterprises, Inc., Kelvion Holding GmbH, HAMON, AMEC Foster Wheeler PLC, Xizi United Holdings Limited, Doosan Engineering & Construction Co. Ltd., Nooter/Eriksen, Inc., CMI Group, and Greens Power Limited are few other market players from value chain in the heat recovery steam generator market which are not profiled in the report but the can be included based on request.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Heat Recovery Steam Generator Report Scope