Global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) Heat Recovery Steam Generator (HRSG) Market 2018, Forecast to 2023




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A heat recovery steam generator or HRSG is an energy recovery heat exchanger that recovers heat from a hot gas stream. It produces steam that can be used in a process (cogeneration) or used to drive a steam turbine (combined cycle).

Scope of the Report:
This report focuses on the Heat Recovery Steam Generator (HRSG) in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Globally, the HRSG industry market is not that concentrated as the manufacturing technology of HRSG is relatively much more mature than some high-tech equipment. But some enterprises are still well-known for the wonderful performance of their HRSG and related services. At the same time, some countries such as South Korea, Italy and USA are remarkable in the global HRSG industry because of their market share and technology status of HRSG.

The consumption volume of HRSG is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of HRSG industry may not keep stable. But it is surely forecasted that the market of HRSG is still promising.

The product average price declined in the past few years due to the market competition, the average price will keep the trend in the few future years due to most of Chinese manufacturers will enter the industry.

The key drivers identified in heat recovery steam generator market are the growing need for energy efficient sources, allocation of government incentives for achieving better energy efficiency levels, reduction in carbon emissions, proposed investment plans in energy sector by government and major companies. However, high capital cost and limited product differentiation are the key challenges faced by manufacturers in heat recovery steam generator market.

Although the market competition of HRSG is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of HRSG and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.

The worldwide market for Heat Recovery Steam Generator (HRSG) is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 2810 million US$ in 2023, from 2230 million US$ in 2017, according to a new GIR (Global Info Research) study.

Market Segment by Manufacturers, this report covers
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
NEM Energy
VOGT Power
Babcock & Wilcox
Hangzhou Boiler
703 Institute
Wuxi Huaguang

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

Market Segment by Applications, can be divided into
Power Generation

There are 15 Chapters to deeply display the global Heat Recovery Steam Generator (HRSG) market.
Chapter 1, to describe Heat Recovery Steam Generator (HRSG) Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Heat Recovery Steam Generator (HRSG), with sales, revenue, and price of Heat Recovery Steam Generator (HRSG), in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Heat Recovery Steam Generator (HRSG), for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Heat Recovery Steam Generator (HRSG) market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Heat Recovery Steam Generator (HRSG) sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source