Ozone Market Reports projects that the Heat Recovery Steam Generator market size will grow from USD 785.29 Million in 2017 to USD 1005.17 Million by 2023, at an estimated CAGR of 4.2%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Increasing global electricity demand, subsequent investments in power plants, increasing efforts to reduce global greenhouse gas emissions, and growing adoption of CCPP & CHP are the factors driving the heat recovery steam generator market.Applications of heat recovery steam generators are not limited to use in CCPP and CHP plants alone. They are also used in biomass and integrated solar combined cycle (ISCC) power plants.The report segments the heat recovery steam generator market on the basis of its application in various end-user industries, which include utilities, chemicals, refineries, pulp & paper, commercial, and other industries. Based on its rated power, the heat recovery steam generator market has been categorized in the following MW ranges, namely, up to 30 MW and >30 MW. The market has also been categorized on the basis of application into combined cycle and CHP.
By Market Players:
General Electric Company , Siemens AG , AMEC Foster Wheeler PLC , Babcock & Wilcox Company , Doosan Engineering & Construction Co., Ltd. , Thermax Limited , Cleaver Brooks , CMI Group , Greens Power Limited , Kelvion Holding Gmbh , Nooter/Eriksen, Inc,
By Rated Power:
Up To 30 MW, >30 MW, , ,
Combined Cycle, CHP, , ,
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Utilities, Chemicals, Refineries, Pulp & Paper, Commercial & Others
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing. Deep researches and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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