IndustryARC™

Global HRSG Market to grow at a CAGR of 5.37% during the period 2016-2020

Press Release   •   May 26, 2016 15:04 EDT

Fossil fuels account for more than 60% of the global electricity production. Depending on the fuel and the process used, the overall electricity energy conversion ranges between 35% and 40%. This implies that 55%-60% of the energy is wasted during the process. Large quantities of this wasted energy end up as thermal energy in the exhaust gases during the combustion process.

HRSG is a heat exchanger where the heat from the exhaust gas of a gas turbine or a combustion engine is passed through a series of heat exchanger tubes to create steam for the steam turbine. 

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MarketIntelReports analysts forecast the Global HRSG market to grow at a CAGR of 5.37% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global heat recovery steam generator market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

MarketIntelReports report, Global Heat Recovery Steam Generator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • AC Boilers
  • Alstom
  • Babcock & Wilcox (B&W)
  • CMI
  • Foster Wheeler
  • Nooter/Eriksen

Other prominent vendors

  • Doosan
  • Hangzhou Boiler Group
  • Mitsubishi Heavy Industries
  • NEM
  • Siemens
  • Victory energy

Market driver

  • Need for energy efficiency
  • For a full, detailed list, view our report

Market challenge

  • Limited product differentiation
  • For a full, detailed list, view our report

Market trend

  • Growing demand for HRSG in power production
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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