Aug 14, 2018   SOURCE: BusinessWire

Global Heat Recovery Steam Generator Market - Forecast to 2026: A +$1.07 Billion Opportunity - ResearchAndMarkets.com

The "Heat Recovery Steam Generator - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.

According to the report, the Global Heat Recovery Steam Generator Market was estimated at $709.23 million in 2017 and is projected to reach $1,076.68 million by 2026, at a CAGR of 4.7%.

Some of the key factors fueling the market include increase in energy efficiency measures, conversion of simple cycle power plants to CCPPS, increase in energy demand, growing awareness to reduce the exhaust gas released from gas turbine and growing need to increase the efficiency of the plant. However, problems associated with flow accelerated corrosion are restricting the market growth.

Based on rated power, the >30 MW segment is expected to combine combined cycle power plants that are planned to come up in Asia-Pacific and North America. Replacement of old coal-fired power generation capacity in the U.S. with new large capacity gas-fired power plants would give a major boost to the market.

By geography, Europe held largest market share as European Union has also made guidelines to be followed in the countries of the region for cleaner energy. International bodies, like international energy agency has supported research project and technical assistance for HRSG and other clean energy initiatives for companies around the world. Moreover, the presence of large number of CHP plants in Europe offers huge market opportunities for replacement of ageing HRSGs.

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Heat Recovery Steam Generator Market, By Rated Power

6 Global Heat Recovery Steam Generator Market, By Application

7 Global Heat Recovery Steam Generator Market, By End-User

8 Global Heat Recovery Steam Generator Market, By Geography

9 Key Developments

10 Company Profiling

  • Thermax
  • Ansaldo Caldaie
  • Alstom Power
  • Babcock & Wilcox Co. Ltd.
  • Amec Foster Wheeler
  • Mitsubishi Hitachi Power Systems Ltd.
  • CMI Group
  • Siemens AG
  • Clayton Industries
  • Sofinter
  • Kelvion

For more information about this report visit https://www.researchandmarkets.com/research/q38p6j/global_heat?w=4