Global Heat Recovery Steam Generator (HRSG) Market Growth 2019-2024
Table of Contents
2019-2024 Global Heat Recovery Steam Generator (HRSG) Consumption Market Report
1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Research Objectives
- 1.3 Years Considered
- 1.4 Market Research Methodology
- 1.5 Economic Indicators
- 1.6 Currency Considered
2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Heat Recovery Steam Generator (HRSG) Consumption 2014-2024
- 2.1.2 Heat Recovery Steam Generator (HRSG) Consumption CAGR by Region
- 2.2 Heat Recovery Steam Generator (HRSG) Segment by Type
- 2.2.1 Vertical
- 2.2.2 Horizontal
- 2.3 Heat Recovery Steam Generator (HRSG) Consumption by Type
- 2.3.1 Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Type (2014-2019)
- 2.3.2 Global Heat Recovery Steam Generator (HRSG) Revenue and Market Share by Type (2014-2019)
- 2.3.3 Global Heat Recovery Steam Generator (HRSG) Sale Price by Type (2014-2019)
- 2.4 Heat Recovery Steam Generator (HRSG) Segment by Application
- 2.4.1 Power Generation
- 2.4.2 Heating
- 2.4.3 Desalination
- 2.4.4 Others
- 2.5 Heat Recovery Steam Generator (HRSG) Consumption by Application
- 2.5.1 Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Application (2014-2019)
- 2.5.2 Global Heat Recovery Steam Generator (HRSG) Value and Market Share by Application (2014-2019)
- 2.5.3 Global Heat Recovery Steam Generator (HRSG) Sale Price by Application (2014-2019)
3 Global Heat Recovery Steam Generator (HRSG) by Players
- 3.1 Global Heat Recovery Steam Generator (HRSG) Sales Market Share by Players
- 3.1.1 Global Heat Recovery Steam Generator (HRSG) Sales by Players (2017-2019)
- 3.1.2 Global Heat Recovery Steam Generator (HRSG) Sales Market Share by Players (2017-2019)
- 3.2 Global Heat Recovery Steam Generator (HRSG) Revenue Market Share by Players
- 3.2.1 Global Heat Recovery Steam Generator (HRSG) Revenue by Players (2017-2019)
- 3.2.2 Global Heat Recovery Steam Generator (HRSG) Revenue Market Share by Players (2017-2019)
- 3.3 Global Heat Recovery Steam Generator (HRSG) Sale Price by Players
- 3.4 Global Heat Recovery Steam Generator (HRSG) Manufacturing Base Distribution, Sales Area, Product Types by Players
- 3.4.1 Global Heat Recovery Steam Generator (HRSG) Manufacturing Base Distribution and Sales Area by Players
- 3.4.2 Players Heat Recovery Steam Generator (HRSG) Products Offered
- 3.5 Market Concentration Rate Analysis
- 3.5.1 Competition Landscape Analysis
- 3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
- 3.6 New Products and Potential Entrants
- 3.7 Mergers & Acquisitions, Expansion
4 Heat Recovery Steam Generator (HRSG) by Regions
- 4.1 Heat Recovery Steam Generator (HRSG) by Regions
- 4.1.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Regions
- 4.1.2 Global Heat Recovery Steam Generator (HRSG) Value by Regions
- 4.2 Americas Heat Recovery Steam Generator (HRSG) Consumption Growth
- 4.3 APAC Heat Recovery Steam Generator (HRSG) Consumption Growth
- 4.4 Europe Heat Recovery Steam Generator (HRSG) Consumption Growth
- 4.5 Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Growth
5 Americas
- 5.1 Americas Heat Recovery Steam Generator (HRSG) Consumption by Countries
- 5.1.1 Americas Heat Recovery Steam Generator (HRSG) Consumption by Countries (2014-2019)
- 5.1.2 Americas Heat Recovery Steam Generator (HRSG) Value by Countries (2014-2019)
- 5.2 Americas Heat Recovery Steam Generator (HRSG) Consumption by Type
- 5.3 Americas Heat Recovery Steam Generator (HRSG) Consumption by Application
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Key Economic Indicators of Few Americas Countries
6 APAC
- 6.1 APAC Heat Recovery Steam Generator (HRSG) Consumption by Countries
- 6.1.1 APAC Heat Recovery Steam Generator (HRSG) Consumption by Countries (2014-2019)
- 6.1.2 APAC Heat Recovery Steam Generator (HRSG) Value by Countries (2014-2019)
- 6.2 APAC Heat Recovery Steam Generator (HRSG) Consumption by Type
- 6.3 APAC Heat Recovery Steam Generator (HRSG) Consumption by Application
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 6.10 Key Economic Indicators of Few APAC Countries
7 Europe
- 7.1 Europe Heat Recovery Steam Generator (HRSG) by Countries
- 7.1.1 Europe Heat Recovery Steam Generator (HRSG) Consumption by Countries (2014-2019)
- 7.1.2 Europe Heat Recovery Steam Generator (HRSG) Value by Countries (2014-2019)
- 7.2 Europe Heat Recovery Steam Generator (HRSG) Consumption by Type
- 7.3 Europe Heat Recovery Steam Generator (HRSG) Consumption by Application
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 7.9 Spain
- 7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
- 8.1 Middle East & Africa Heat Recovery Steam Generator (HRSG) by Countries
- 8.1.1 Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Countries (2014-2019)
- 8.1.2 Middle East & Africa Heat Recovery Steam Generator (HRSG) Value by Countries (2014-2019)
- 8.2 Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Type
- 8.3 Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Application
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers and Impact
- 9.1.1 Growing Demand from Key Regions
- 9.1.2 Growing Demand from Key Applications and Potential Industries
- 9.2 Market Challenges and Impact
- 9.3 Market Trends
10 Marketing, Distributors and Customer
- 10.1 Sales Channel
- 10.1.1 Direct Channels
- 10.1.2 Indirect Channels
- 10.2 Heat Recovery Steam Generator (HRSG) Distributors
- 10.3 Heat Recovery Steam Generator (HRSG) Customer
11 Global Heat Recovery Steam Generator (HRSG) Market Forecast
- 11.1 Global Heat Recovery Steam Generator (HRSG) Consumption Forecast (2019-2024)
- 11.2 Global Heat Recovery Steam Generator (HRSG) Forecast by Regions
- 11.2.1 Global Heat Recovery Steam Generator (HRSG) Forecast by Regions (2019-2024)
- 11.2.2 Global Heat Recovery Steam Generator (HRSG) Value Forecast by Regions (2019-2024)
- 11.2.3 Americas Consumption Forecast
- 11.2.4 APAC Consumption Forecast
- 11.2.5 Europe Consumption Forecast
- 11.2.6 Middle East & Africa Consumption Forecast
- 11.3 Americas Forecast by Countries
- 11.3.1 United States Market Forecast
- 11.3.2 Canada Market Forecast
- 11.3.3 Mexico Market Forecast
- 11.3.4 Brazil Market Forecast
- 11.4 APAC Forecast by Countries
- 11.4.1 China Market Forecast
- 11.4.2 Japan Market Forecast
- 11.4.3 Korea Market Forecast
- 11.4.4 Southeast Asia Market Forecast
- 11.4.5 India Market Forecast
- 11.4.6 Australia Market Forecast
- 11.5 Europe Forecast by Countries
- 11.5.1 Germany Market Forecast
- 11.5.2 France Market Forecast
- 11.5.3 UK Market Forecast
- 11.5.4 Italy Market Forecast
- 11.5.5 Russia Market Forecast
- 11.5.6 Spain Market Forecast
- 11.6 Middle East & Africa Forecast by Countries
- 11.6.1 Egypt Market Forecast
- 11.6.2 South Africa Market Forecast
- 11.6.3 Israel Market Forecast
- 11.6.4 Turkey Market Forecast
- 11.6.5 GCC Countries Market Forecast
- 11.7 Global Heat Recovery Steam Generator (HRSG) Forecast by Type
- 11.8 Global Heat Recovery Steam Generator (HRSG) Forecast by Application
12 Key Players Analysis
- 12.1 BHI
- 12.1.1 Company Details
- 12.1.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.1.3 BHI Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.1.4 Main Business Overview
- 12.1.5 BHI News
- 12.2 Foster Wheeler
- 12.2.1 Company Details
- 12.2.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.2.3 Foster Wheeler Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.2.4 Main Business Overview
- 12.2.5 Foster Wheeler News
- 12.3 Nooter Eriksen
- 12.3.1 Company Details
- 12.3.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.3.3 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.3.4 Main Business Overview
- 12.3.5 Nooter Eriksen News
- 12.4 CMI Energy
- 12.4.1 Company Details
- 12.4.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.4.3 CMI Energy Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.4.4 Main Business Overview
- 12.4.5 CMI Energy News
- 12.5 Alstom Power
- 12.5.1 Company Details
- 12.5.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.5.3 Alstom Power Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.5.4 Main Business Overview
- 12.5.5 Alstom Power News
- 12.6 Doosan E&C
- 12.6.1 Company Details
- 12.6.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.6.3 Doosan E&C Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.6.4 Main Business Overview
- 12.6.5 Doosan E&C News
- 12.7 Siemens (NEM Energy)
- 12.7.1 Company Details
- 12.7.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.7.3 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.7.4 Main Business Overview
- 12.7.5 Siemens (NEM Energy) News
- 12.8 VOGT Power
- 12.8.1 Company Details
- 12.8.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.8.3 VOGT Power Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.8.4 Main Business Overview
- 12.8.5 VOGT Power News
- 12.9 STF
- 12.9.1 Company Details
- 12.9.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.9.3 STF Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.9.4 Main Business Overview
- 12.9.5 STF News
- 12.10 Babcock & Wilcox
- 12.10.1 Company Details
- 12.10.2 Heat Recovery Steam Generator (HRSG) Product Offered
- 12.10.3 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Sales, Revenue, Price and Gross Margin (2017-2019)
- 12.10.4 Main Business Overview
- 12.10.5 Babcock & Wilcox News
- 12.11 Mitsubishi
- 12.12 Hangzhou Boiler
- 12.13 703 Institute
- 12.14 Wuxi Huaguang
13 Research Findings and Conclusion
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).
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.
According to this study, over the next five years the Heat Recovery Steam Generator (HRSG) market will register a 3.9% CAGR in terms of revenue, the global market size will reach US$ 2810 million by 2024, from US$ 2230 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Heat Recovery Steam Generator (HRSG) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Heat Recovery Steam Generator (HRSG) market by product type, application, key manufacturers and key regions and countries.
This study considers the Heat Recovery Steam Generator (HRSG) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Vertical
Horizontal
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Power Generation
Heating
Desalination
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
Siemens (NEM Energy)
VOGT Power
STF
Babcock & Wilcox
Mitsubishi
Hangzhou Boiler
703 Institute
Wuxi Huaguang
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Heat Recovery Steam Generator (HRSG) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Heat Recovery Steam Generator (HRSG) market by identifying its various subsegments.
Focuses on the key global Heat Recovery Steam Generator (HRSG) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Heat Recovery Steam Generator (HRSG) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Heat Recovery Steam Generator (HRSG) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.