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Heat Recovery Steam Generator Market Size, Industry Share and Growth Rate 2019-2026

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Samarth J

In countries such as India and China, heat recovery steam generator systems are installed for generating electricity for infrastructural and industrial development. Governments are also taking initiatives to cater to the need of the rapidly multiplying population and their increasing demand for basic necessities, in which electricity plays a major role. Such initiatives are likely to bode well for the global heat recovery steam generator market. According to Fortune Business Insights, the market for heat recovery steam generating systems is anticipated to rise exponentially on account of the growing demand for energy and power for daily consumption in all residential, industrial and commercial sectors.

 

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/heat-recovery-steam-generator-market-100793

According to a report by Fortune Business Insights, the market is segmented into above 100MW, 51MW-100MW, 31MW-50MW, and 0-30MW, based on power rating. Among these, the 30MW capacity segment is currently holding a significant market share owing to their compact size and efficiency to utilize waste heat. The 30 MW capacity is used in various grid and commercial networks and small industries.

 

Key Companies

  • Amec Foster Wheeler
  • THERMAX
  • Siemens
  • Alstom
  • Rentech
  • XIZI UHC
  • Mitsubishi Hitachi Power System
  • XIZI UHC
  • Cannon Bono Energia
  • CMI Groupe
  • General Electrics
  • Cleaver-Brooks

Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/heat-recovery-steam-generator-market-100793

Surge in Combined Cycle Power Plants to Produce Electricity Catapults North America to the Fore

Geographically, the market is dominated by North America, wherein the U.S. showcases the highest rate of heat recovery steam generator market revenue generation. This is owing to the rise in number of combined cycle power plants that uses both steam and gas turbines for producing electricity and distributing it for all residential, commercial and industrial purposes.

The global heat recovery steam generators market witnesses the presence of many players making the competition fierce. They are adopting various strategies to gain a competitive edge and stand out in the crowd. These strategies include company collaborations for mass production, co-development of power households, merger and acquisitions, and others. For instance, the companies Javno Podjetje Energetika, and Metka SA recently signed a €118 million deal in April 2019 for the construction, procurement, and engineering of new combined heat and power plant in Ljubljana.

 

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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

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