Global Heat Recovery Steam Generator Market is Estimated to Reach USD 1.36 billion by 2027

Heat Recovery Steam Generator Market is expected to rise at annual rate of 3.50% in the forecast period of 2020 to 2027 and is anticipated to reach USD 1.36 billion by 2027 due to accelerating application of the cogeneration procedure within the expanding project towards generation capacity is driving the market growth of heat recovery steam generator market during the forecast period of 2020 to 2027.

  • On the other hand, the huge preliminary charges will act as restraint and may hinder the growth of the market in the above mentioned forecast period.

Heat Recovery Steam Generator Market Scenario

According to Data Bridge Market Research, the market for heat recovery steam generator is accelerating owing to decreasing resources expenses on the computation of continuing technological advancements and increasing everyday expenditure of power. Encouraging administrative conditions is also likely to enhance the growth of the market in the forecast period of 2020 to 2027.

Now the question is which are the other regions that heat recovery steam generator market is targeting? Data Bridge Market Research has forecasted Asia-Pacific to dominate heat recovery steam generator market in the past and is going to dominate the market in the forecast period of 2020 to 2027 due to the numerous power projects under construction.

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Heat Recovery Steam Generator Market Development

  • In April 2019, Mitsubishi Hitachi Power Systems announced a contract, stating to provide equipment such as steam turbine, gas turbine, generator, and heat recovery steam generator for 1026.3 MW natural gas power plant GTCC power plants for the UAE’s Emirate of Sharjah. The announcement will help to enhance its product portfolio across the world.

Heat Recovery Steam Generator Market Scope

Heat recovery steam generator market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC)  in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

  • All country based analysis of heat recovery steam generator market is further analyzed based on maximum granularity into further segmentation. On the basis of design, the heat recovery steam generator market has been segmented into horizontal drum, and vertical drum. Based on rated power, the heat recovery steam generator market has been segmented into 0-30 MW, >30-50 MW, >50-100 MW, >100-200 MW, >200 MW. On the basis of mode of operation, the heat recovery steam generator market has been segmented into cogeneration, and combined cycle. On the basis of application, the heat recovery steam generator market has been segmented into utilities, chemical, refineries, and pulp & paper. Heat recovery steam generator market has also been segmented on the basis of end-user into power plants, oil and gas facilities, chemical and fertilizer plants, and other end-users.
  • Heat recovery steam generator is basically a heat exchanger device made to recover the waste or exhaust heat from several power plants. The steam is developed by using waste heat that can be used for generating electricity. These devices are also used in industry owing to their large application in manufacturing, designing component integration, service activities, and installation.

To know more about the study, https://www.databridgemarketresearch.com/reports/global-heat-recovery-steam-generator-market

Key Pointers Covered in the Heat Recovery Steam Generator Market Industry Trends and Forecast to 2027

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Robert Bosch GmbH
  • Katcon
  • CDTi Advanced Materials, Inc
  • BOSAL
  • Valeo
  • DENSO CORPORATION
  • Dana Limited
  • Schaeffler AG
  • Cummins Inc
  • IHI Corporation
  • Tenneco Inc
  • Eberspächer
  • TURBO ENERGY PRIVATE LIMITED
  • Delphi Technologies
  • Faurecia
  • Honeywell International Inc
  • Marelli Corporation
  • Mitsubishi Electric Corporation
  • MAHLE GmbH
  • BorgWarner Inc

Above are the key players covered in the report, to know about more and exhaustive list of heat recovery steam generator companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-heat-recovery-steam-generator-market

Research Methodology of Heat Recovery Steam Generator Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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