[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Heat Recovery Steam Generator Market Size, Share & Trends Analysis Report By Power Rating (Below 100 MW, 101 MW to 200 MW, Above 201 MW), By Application, By Region, And Segment Forecasts, 2020 - 2027

April 2020 | 95 pages | ID: HCD517E50484EN
Grand View Research, Inc.

US$ 5,950.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
The global heat recovery steam generator market size is expected to reach USD 1.6 billion by 2027, expanding at a CAGR of 3.2%, according to a new report by Grand View Research, Inc. Shifting preference from simple cycle power plants to combined cycle power plants, with increase in adoption of energy-efficiency measures is anticipated to drive the market for heat recovery steam generator (HRSG) during the forecast period.

In past couple of years, various countries across the globe faced power shortage issues and to counter such issues, regulatory bodies have been stressing the need for advanced infrastructure for power generation. As a result, increasing number of power plants to compensate for the energy deficit is likely to be commissioned and this is expected to propel the demand for heat recovery steam generators (HRSGs).

The increasing demand for HRSGs to product clean and green energy in the various industries has enhanced the growth of the market. Furthermore, ongoing research and technological advancements in the field of HRSG is driving the market for heat recovery steam generator in North America. Enlarged demand for HRSGs for the production of effective and clean energy is stimulating the market for heat recovery steam generator in China, India, and other developing countries in Asia.

The below 100 MW segment accounted for largest revenue share in 2019 in the market for HRSG due to wide application in small to medium industries such as chemical, refining, pharmaceuticals, paper, pulp, cement, and sugar. Furthermore, implementation of numerous climate change policies as well as regulations to restrict GHG emissions are expected to lead to an increase in the potential for these generators over the forecast period.

Even though Asia Pacific is likely to account for the largest market share over the forecast period, North America is expected to maintain its position as the largest supplier of HRSG, followed by Europe. Both North America and Europe are anticipated to become mature markets for HRSG. Major market players located in these regions are likely to expand their geographical presence by undertaking turnkey projects and by collaborating with foreign governments to commission new projects.

Further key findings from the report suggest:
  • The below 100 MW segment dominated the market for HRSG and accounted for a revenue share of 46.8% in 2019
  • Industrial is anticipated to be the second largest application segment over the forecast period
  • The power and utility segment is anticipated to witness the fastest CAGR of 3.7% from 2020 to 2027
  • In Asia Pacific, the heat recovery steam generator market is projected to grow at a substantial rate throughout the forecast period and reach USD 586.4 million by 2027. China is expected to account for the maximum revenue share in the region
  • Key industry participants include are Mitsubishi Heavy Industries, Ltd., Baker Hughes (a GE Company), Siemens AG, John Wood Group PLC, Larsen and Toubro Ltd., Thermax, and Bharat Heavy Electricals Limited (BHEL).
CHAPTER 1 METHODOLOGY AND SCOPE

1.1 Market Segmentation & Scope
1.2 Information Procurement
  1.2.1 Purchased Database
  1.2.2 GVR Internal Database
  1.2.3 Secondary Source & Third-Party Perspectives
  1.2.4 Primary Research
1.3 Information Analysis
  1.3.1 Data analysis models
1.4 Market Formulation & Data Visualization
1.5 Data Validation & Publishing
1.6 Research Scope & Assumptions
1.7 List of Data Sources

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Market Summary
2.2 Segmental Outlook
2.3 Competitive Insights

CHAPTER 3 HEAT RECOVERY STEAM GENERATOR MARKET VARIABLES, TRENDS, AND SCOPE

3.1 Market Lineage Outlook
  3.1.1 Global Steam Generator Industry Outlook
3.2 Heat Recovery Steam Generator Market Penetration & Growth Prospects
3.3 Value Chain Analysis
3.4 Regulatory Framework
3.5 Technology Outlook
  3.5.1 Comparative Analysis with Available Technologies and Substitutes
  3.5.2 Cost Benefit Analysis
3.6 Regulatory Framework
  3.6.1 Product Classification Codes
  3.6.2 Standard & Compliances
  3.6.3 Safety
3.7 Market Dynamics
  3.7.1 Market Driver Analysis
  3.7.2 Market restraint analysis
  3.7.3 Opportunity Assessment
3.8 Business Environment Analysis
  3.8.1 Porter’s Five Forces
  3.8.2 PESTEL Analysis

CHAPTER 4 HEAT RECOVERY STEAM GENERATOR MARKET: BY CAPACITY ESTIMATES & TREND ANALYSIS

4.1 Definition & Scope
4.2 HRSG Market Share Analysis by Capacity, 2019 & 2027
4.3 Global HRSG Market Size & Forecasts and Trend Analysis By Capacity, 2016 to 2027 (USD Million)
  4.3.1 Below 100 MW
    4.3.1.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
  4.3.2 101 MW to 200 MW
    4.3.2.1 Market estimates and forecasts, 2016 - 2027 (USD Million)
  4.3.3 201 MW and above
    4.3.3.1 Market estimates and forecasts, 2016 - 2027 (USD Million)

CHAPTER 5 HEAT RECOVERY STEAM GENERATOR MARKET: BY APPLICATION ESTIMATES & TREND ANALYSIS

5.1 Definition & Scope
5.2 HRSG Market Share Analysis by Application, 2019 & 2027
5.3 Global HRSG Market Size & Forecasts and Trend Analysis By Application, 2016 to 2027 (USD Million)
  5.3.1 Power & Utility
    5.3.1.1 Market Estimates and Forecasts, 2016 - 2027 (USD Million)
  5.3.2 Industrial
    5.3.2.1 Market Estimates and Forecasts, 2016 - 2027 (USD Million)
  5.3.3 Others
    5.3.3.1 Market Estimates and Forecasts, 2016 - 2027 (USD Million)

CHAPTER 6 HEAT RECOVERY STEAM GENERATOR: REGIONAL ESTIMATES & TREND ANALYSIS

6.1 Regional Market Snapshot
6.2 Market Share Analysis by Country, 2019
6.3 North America
  6.3.1 North America HRSG Market Estimates And Forecasts, by Power Rating, 2016 - 2027 (USD Million)
  6.3.2 North America HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.3.3 U.S.
    6.3.3.1 U.S. HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.3.3.2 U.S. HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.3.4 Canada
    6.3.4.1 Canada HRSG market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.3.4.2 Canada HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.3.5 Mexico
    6.3.5.1 Mexico HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.3.5.2 Mexico HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
6.4 Europe
  6.4.1 Europe HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
  6.4.2 Europe HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.4.3 Germany
    6.4.3.1 Germany HRSG market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.4.3.2 Germany HRSG market estimates and forecasts, BY Application, 2016 - 2027 (USD Million)
  6.4.4 U.K.
    6.4.4.1 U.K. HRSG Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.4.4.2 U.K. HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.4.5 Russia
    6.4.5.1 Russia HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.4.5.2 Russia HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
6.5 Asia Pacific
  6.5.1 Asia Pacific HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
  6.5.2 Asia Pacific HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.5.3 China
    6.5.3.1 China HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.5.3.2 China HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.5.4 Japan
    6.5.4.1 Japan HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.5.4.2 Japan HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.5.5 India
    6.5.5.1 India HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.5.5.2 India HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.5.6 South Korea
    6.5.6.1 South Korea HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.5.6.2 South Korea HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
6.6 Central & South America
  6.6.1 Central & South America HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
  6.6.2 Central & South America HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.6.3 Brazil
    6.6.3.1 Brazil HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.6.3.2 Brazil HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
6.7 Middle East & Africa
  6.7.1 Middle East & Africa HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
  6.7.2 Middle East & Africa HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.7.3 Saudi Arabia
    6.7.3.1 Saudi Arabia HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.7.3.2 Saudi Arabia HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)
  6.7.4 UAE
    6.7.4.1 UAE HRSG Market Estimates and Forecasts, by Power Rating, 2016 - 2027 (USD Million)
    6.7.4.2 UAE HRSG Market Estimates and Forecasts, by Application, 2016 - 2027 (USD Million)

CHAPTER 7 COMPETITIVE & VENDOR LANDSCAPE

7.1 Key Players & Recent Developments & Their Impact on the Industry
  7.1.1 Major Deals & Strategic Alliances
7.2 Vendor Landscape
  7.2.1 List of Key Distributors and Channel Partners
  7.2.2 Key Company Market Position Analysis, 2019
  7.2.3 Competitive Heat Map Analysis

CHAPTER 8 COMPANY PROFILES

8.1 Baker Hughes (a GE Company)
  8.1.1 Company Overview
  8.1.2 Financial Performance
  8.1.3 Product Benchmarking
  8.1.4 Strategic Initiatives
8.2 Siemens AG
  8.2.1 Company Overview
  8.2.2 Financial Performance
  8.2.3 Product Benchmarking
  8.2.4 Strategic Initiatives
8.3 Mitsubishi Heavy Industries, Ltd
  8.3.1 Company Overview
  8.3.2 Financial Performance
  8.3.3 Product Benchmarking
  8.3.4 Strategic Initiatives
8.4 John Wood Group PLC
  8.4.1 Company Overview
  8.4.2 Financial Performance
  8.4.3 Product Benchmarking
  8.4.4 Strategic Initiatives
8.5 Babcock and Wilcox Enterprises, Inc.
  8.5.1 Company Overview
  8.5.2 Financial Performance
  8.5.3 Product Benchmarking
  8.5.4 Strategic Initiatives
8.6 Larsen & Toubro Ltd.
  8.6.1 Company Overview
  8.6.2 Financial Performance
  8.6.3 Product Benchmarking
  8.6.4 Strategic Initiatives
8.7 Bharat Heavy Electricals Limited (BHEL)
  8.7.1 Company Overview
  8.7.2 Financial Performance
  8.7.3 Product Benchmarking
  8.7.4 Strategic Initiatives
8.8 Cleaver-Brooks, Inc.
  8.8.1 Company Overview
  8.8.2 Financial Performance
  8.8.3 Product Benchmarking
  8.8.4 Strategic Initiatives
8.9 Clayton Industries
  8.9.1 Company Overview
  8.9.2 Financial Performance
  8.9.3 Product Benchmarking
  8.9.4 Strategic Initiatives
8.10 John Cockerill
  8.10.1 Company Overview
  8.10.2 Financial Performance
  8.10.3 Product Benchmarking
  8.10.4 Strategic Initiatives
8.11 AC Boilers Spa
  8.11.1 Company Overview
  8.11.2 Financial Performance
  8.11.3 Product Benchmarking
  8.11.4 Strategic Initiatives
8.12 Rentech Boiler Systems, Inc.
  8.12.1 Company Overview
  8.12.2 Financial Performance
  8.12.3 Product Benchmarking
  8.12.4 Strategic Initiatives
8.13 Thermax
  8.13.1 Company Overview
  8.13.2 Financial Performance
  8.13.3 Product Benchmarking
  8.13.4 Strategic Initiatives
8.14 Kelvion Holding GmbH
  8.14.1 Company Overview
  8.14.2 Financial Performance
  8.14.3 Product Benchmarking
  8.14.4 Strategic Initiatives
8.15 Hamon Deltak, Inc.
  8.15.1 Company Overview
  8.15.2 Financial Performance
  8.15.3 Product Benchmarking
  8.15.4 Strategic Initiatives
LIST OF TABLES

Table 1 Comparison of Technologies
Table 2 Technological Mapping of Major Players
Table 3 Global HRSG Market Size & Forecasts and Trend Analysis By Power Rating, 2016 to 2027 (USD Million)
Table 4 Global HRSG Market Size & Forecasts and Trend Analysis By Application, 2016 to 2027 (USD Million)
Table 5 North America HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 6 North America HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 7 U.S. HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 8 U.S. HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 9 Canada HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 10 Canada HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 11 Mexico HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 12 Mexico HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 13 Europe HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 14 Europe HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 15 Germany HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 16 Germany HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 17 U.K. HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 18 U.K. HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 19 Russia HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 20 Russia HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 21 Asia Pacific HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 22 Asia Pacific HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 23 China HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 24 China HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 25 Japan HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 26 Japan HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 27 India HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 28 India HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 29 South Korea HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 30 South Korea HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 31 Central & South America HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 32 Central & South America HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 33 Brazil HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 34 Brazil HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 35 Middle East & Africa HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 36 Middle East & Africa HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 37 Saudi Arabia HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 38 Saudi Arabia HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)
Table 39 UAE HRSG Estimates and Forecast, by Power Rating, 2016 - 2027 (USD Million)
Table 40 UAE HRSG Estimates and Forecast, by Application, 2016 - 2027 (USD Million)

LIST OF FIGURES

Fig. 1 Heat Recovery Steam Generator Market Snapshot
Fig. 2 Heat Recovery Steam Generator Market Growth Prospects
Fig. 3 Heat Recovery Steam Generator Value Chain Analysis
Fig. 4 Marker Driver Impact Analysis
Fig. 5 Marker Restrain Impact Analysis
Fig. 6 HRSG Share by Power Rating, 2019 & 2027, Revenue (USD Million )
Fig. 7 HRSG Share by Application, 2019 & 2027, Revenue (USD Million )
Fig. 8 Global HRSG Market: Regional market snapshot 2019 & 2027
Fig. 9 Global HRSG Market: Regional Movement Analysis, by Revenue, 2019 & 2027 (USD Million)


More Publications