New Report on Heat Recovery Steam Generator Market to 2020 by GBI Research12 Jan 2012 • by Natalie Aster
The growing demand for greater efficiency and the availability of large government incentives and rebates for improved energy efficiency and emissions reductions are expected to sustain the HRSG market’s growth. Economic activity and growth around the globe, especially in developing countries like India and China, will increase the demand in the HRSGs market as countries and utilities opt for cleaner thermal power.
According to the report “Heat Recovery Steam Generator (HRSG) Market to 2020 – Market Shifts from Asia-Pacific to Middle-East, Driven by Focus on CCGT Plants and Equipment Replacement/Retrofit” by GBI Research, the demand for electricity across the globe is interlinked with economic growth and development. Governments and utilities face the challenge of increasing their power capacities to keep pace with economic growth, while at the same time minimizing any environmental impact. Combined Cycle Gas Turbine (CCGT) power plants are widely considered key to a cleaner thermal power sector, and the global community is, as a whole, turning away from environmentally harmful technologies like coal with international agreements like the Kyoto Protocol. This shift towards cleaner and more energy-efficient options for power generation has resulted in the growth of the HRSGs market, as they are used in CCGT plants.
The Middle East is expected to witness strong positive growth in future. The region being rich in oil and natural gas reserves has enough growth opportunities for power generation through natural gas, and consequently for the HRSG market. By 2020, the unit shipment volume is expected to reach 70 units. Heavy investment plans and lucrative policies are anticipated to drive the market. Iran and Saudi Arabia are expected to contribute the most to the growth of the HRSG market.
Heat Recovery Steam Generator (HRSG) Market to 2020 – Market Shifts from Asia-Pacific to Middle-East, Driven by Focus on CCGT Plants and Equipment Replacement/Retrofit
Published: December 2011
Price: US$ 3.500,00
Reasons to buy
- The report will enhance your decision-making capabilities in a rapid and time-sensitive manner. It will allow you to -
- Identify key markets and investment opportunities for foreign investors in the HRSG industry..
- Facilitate decision-making based on strong historical and forecast data and detailed growth opportunities analysis.
- Position yourself to take maximum advantage of the potential of the HRSG markets in the 18 countries covered.
- Identify the risks associated with the market and transform them into opportunities for future growth.
- Locate and capitalize on market potential in emerging economies.
More information can be found in the report “Heat Recovery Steam Generator (HRSG) Market to 2020 – Market Shifts from Asia-Pacific to Middle-East, Driven by Focus on CCGT Plants and Equipment Replacement/Retrofit” by GBI Research.
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