This report analyzes the Heat Recovery Steam Generator Market, covering its growth, size, trends, and key players. Heat Recovery Steam Generator Market Size, Share and Industry Analysis, By Design (Horizontal Drum and Vertical Drum), By Application (Cogeneration, and Combined Cycle), By Power Rating (Up to 30 MW, 31 MW – 100 MW, and Above 100 MW), By End-User (Utility, Chemicals, Refineries, Pulp & Paper, and Others), and Regional Forecast, 2019 to 2026

The Global Heat Recovery Steam Generator Market Size Stood At Usd 0.88 Billion In 2018 And Is Projected To Reach Usd 1.22 Billion By 2026, Exhibiting A Cagr Of 4.2% During The Forecast Period.

It provides insights into:

Siemens AG
Mitsubishi Hitachi Power Systems Ltd
Sofinter SpA
General Electric Company
and Thermax Limited

  • Market size and growth: Estimates market size by value and sales volume until 2026.
  • Market trends: Identifies drivers, opportunities, challenges, and potential risks impacting the market.
  • Segmentation: Analyzes the market by type and application, revealing value and sales volume for each segment.
  • Competition: Profiles 10-15 leading Heat Recovery Steam Generator manufacturers, including their sales, revenue, market share, and product offerings.
  • Geographic landscape: Examines market conditions and prospects in key regions like North America, Asia Pacific, and Europe.
  • Impact of COVID-19: Assesses the pandemic’s effect on the market and its future trajectory.

Key takeaways:

  • The Heat Recovery Steam Generator market is experiencing significant growth due to factors like rising demand and technological advancements.
  • The report offers a detailed look at industry leaders, their marketing strategies, and contributions to the market.
  • Regional analysis provides insights into market potential in various geographical areas.

This report helps answer questions like:

  • What is the current and future demand for Heat Recovery Steam Generator in different regions?
  • How is the market divided by product type and application?
  • Who are the major players in the Heat Recovery Steam Generator market?
  • How has COVID-19 impacted the market, and what is the expected recovery?

Latest Developments in Heat Recovery Steam Generator Market

On May 13, 2021, GE has signed an EPC contract with Summit Meghnaghat-II Power Company Limited (SMPCL). Under the turnkey EPC contract, GE will provide a gas turbine, three-phase level with reheater drum type heat recovery steam generator (HRSG), steam and gas turbine, along with the balance of plant solutions.On January 13, 2021, GE has secured the order of delivering power plant equipment for the Tongyeong combined cycle power plant in South Korea. The company will supply its steam turbine, gas turbine, two heat recovery steam generator (HRSG), and three G65 generators.

Comprehensive Market Segmentation:

  • By Deployment Model
  • By Organization Size
  • By Application
  • By End Use Industry

Market Segmentation by Geography Includes:

  • North America: U.S., Canada, and Mexico
  • Europe: Germany, France, U.K., Italy, Spain, and Rest of Europe
  • Asia Pacific: China, India, Japan, South Korea, Southeast Asia, and Rest of Asia Pacific
  • South America: Brazil, Argentina, and Rest of Latin America
  • Middle East & Africa: GCC Countries, South Africa, and Rest of Middle East & Africa

Frequently Asked Questions (FAQs):

  • What is the current market scenario?
  • What was the historical demand scenario, and forecast outlook from 2024 to 2026?
  • What are the key market dynamics influencing growth in the Heat Recovery Steam Generator Market?
  • Who are the prominent players in the Heat Recovery Steam Generator Market?
  • What is the consumer perspective in the Heat Recovery Steam Generator Market?
  • What are the key demand-side and supply-side trends in the Heat Recovery Steam Generator Market?
  • What are the largest and the fastest-growing geographies?
  • Which segment dominated and which segment is expected to grow fastest?
  • What was the COVID-19 impact on the Heat Recovery Steam Generator Market?

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