Dublin, February 14, 2025 (Globe Newswire) – Report “Heat Recovery Steam Generators – Global Strategic Business Report” has been added Research and Markets.com offer.
The global market for heat recovery vapor generators is estimated at $ 865.0 million in 2023 and is projected to reach US $ 1.1 billion by 2030, increasing with a CAGR from 2023 to 2030. This comprehensive report offers An in -depth market analysis of trends, managers and forecasts, helping you make informed business decisions.
The growth in the HRSG market is driven by several factors that reflect the technological, economic and environmental dynamics. First, the global push towards energy efficiency and stricter emission rules forces power plants to adopt technologies that maximize heat recovery and reduce carbon outlets. Second, the expansion of the natural gas sector, especially with the increase in the placement of gas turbines, is directly linked to the raised HRSG installations to improve the efficiency of these plants. Third, the advances in the science of materials have led to the development of the most durable and efficient HRSG ingredients, which endure higher temperatures and pressure, thus extending the operational capabilities of the power plants.
Moreover, developing consumer development towards the most sustainable energy solutions has prompted HRSG integration with renewable energy projects. Finally, the economic incentives provided by governments around the world for cleaner and most efficient technologies have further prompted adoption and innovation within the HRSG market, approximating it with current needs and future energy goals.
The main mirrors:
- Market Growth: Understand the significant trajectory of increase in the segment of UPTO 30 MW power recovery vapor generators, which is expected to reach $ 559.0 million by US by 2030 with a CAGR of 4.0%. The segment of vapor generators of heat recovery of the above energy estimated with 30 MW is also set to increase by 2.9% CAGR during the analysis period.
- Regional Analysis: Gain knowledge in the US market, valued at $ 189.8 million in 2023, and China, projected to grow with an impressive 6.1% CAGR to reach $ 238.8 million by 2030. Discover growth trends in other regions The main, including Japan, Canada, Germany, Germany, and Asia-Pacific.
Report Characteristics:
- Comprehensive market data: Independent analysis of annual sales and market forecasts of US dollars from 2023 to 2030.
- In-depth regional analysis: Detailed mirror in the main markets, including the US, China, Japan, Canada, Europe, Asia, Latin America, the Middle East and Africa.
- Company Profiles: Coverage of key players like Emerson Electric Company, Bharat Heavy Electricals Ltd., Kawasaki Heavy Industries Ltd. and more.
- Complimenting updates: Get free relationship updates for a year to keep you informed about the latest market developments.
Main attributes:
| Attribute report | Detail |
| Nr. Pages | 491 |
| Prediction | 2023 – 2030 |
| Estimated market value (USD) in 2023 | $ 865 million |
| Estimated market value (USD) by 2030 | $ 1100 million |
| The rate of annual growth compound | 3.5% |
| Regions covered | Global |
Main Topics covered:
Market compilation
- The mirrors of the influence market
- Heat recovery vapor generators – Percentage of the main competition of Global Competition Market Parts in 2024 (E)
- Heat recovery vapor generators: a prelud
- Design and functionality
- HRSG categories
- HRSG specialized varieties and functionalities
- Global Heat Recovery System Market (HRSG) Market set to prove a rapid growth
- Developed regions prevail while developing markets to prove a faster growth
- Combined heat and power application (CHP) holds the main part, the application of the combined cycle to prove a rapid growth
- Municipal Services – the largest use of the latest use for HRSGs
- Competitive Presence of Market – Strong/Active/Warm/Insignificant for players worldwide in 2024 (e)
- The latest market activity
Trends and market drivers
- Increasing power consumption and demand for electricity to promote demand for HRSGs
- Global Electricity Request (MWH): 2015, 2020, 2025, 2030 & 2035
- Global Energy Consumption (Billion Bill): Growth Trajectory for the 1990-2040
- Global Energy Consumption (billion fingers) by country/region (1995, 2017 and 2040): Dismissal for the US, China, India, Russia, Brazil, EU, Middle East and the rest of the world
- Increased concentration in cogeneration technology directs demand for heat recovery vapor generators
- CHP part of general electricity generation in large countries around the world
- Installed capacity of CHP (in MWE) in large countries around the world
- Heat recovery vapor generators allow CCGT plants to achieve high efficiency
- Emphasis on carbon emission inhibition accelerates demand
- Increasing concentration in renewable energy: a strong growth leader
- Internal goals for greenhouse gas emissions of selected regions/countries
- Focus on energy efficiency increases demand for HRSG
- Global Investment in Energy Efficiency (in US Billion) for 2024
- The healthy view of the world chemical industry lies a filling in the HRSG market
- World chemical industry (in billions of US dollars) for 2020 & 2024
- HRSG innovative models and updates improve performance and efficiency
- The latest developments in the HRSG space
Focus on selected players (Total 34 presented)
- EMERSON ELECTRIC COMPANY
- Bharat Heavy Electricals Ltd.
- Kawasaki Heavy Industries Ltd.
- Hyundai Heavy Industries CO, LTD.
- Mitsubishi Power, Ltd.
- Cleaver-Brooks, Inc.
- Boiler group Hangzhou Co, Ltd.
- Hamon & CIE (International) SA
- Martin Energy Group Services LLC
- Nooter/Eriksen, Inc.
- Rentech Boiler Systems, Inc.
- Ge power
- SPA of AC boilers
- BHI CO, LTD.
- Undeck Keystone Energy LLC
For more information about this report Visit https://www.researchmarkets.com/r/76O4V1
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Global market of heat recovery vapor generators
