Heat Recovery Steam Generator Market 2019 – Global Key Leaders Analysis, Segmentation, Growth, Future Trends, Gross Margin, Demands, Emerging Technology by Regional Forecast to 2026

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.

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market. Please visit: https://www.fortunebusinessinsights.com/enquiry/covid19-impact/heat-recovery-steam-generator-market-100793

Key Companies

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

The report on global heat recovery steam generator system by Fortune Business Insights is titled,” Heat Recovery Steam Generator Market Size, Share and Global Trend By Design (Horizontal Drum, Vertical Drum), By Application (Cogeneration, Combined Cycle), By Power rating (Up to 30MW, 31MW-50MW, 51WM-100MW, Above 100MW), By End-user (Power Generation, Refinery, Chemical, Paper & Pulp, Commercial, Utility) and Geography Forecast Till 2026”.  The report focuses on growth drivers and restraints, trends and opportunities and competitive landscape of the market. All information provided in the report are gathered from both primary and secondary resources.

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Key Industry Developments

  • In Apr 2019, MHPS secured a contract to supply equipment like a gas turbine, steam turbine, generator, and heat recovery steam generator for 1026.3MW natural gas power plant GTCC power plant for the UAE’s Emirates of Sharjah.
  • In Apr 2019, METKA SA has signed a deal of worth €118 million with JAVNO PODJETJE ENERGETIKA, Ljubljana for engineering, procurement, and construction of new combined heat and power plant in Ljubljana. The scope of this project to supply, installation and commissioning of two gas turbine, two heat recovery steam generator with the necessary equipment required for construction.
  • In Mar 2019, GE Power and Bangladesh’s independent power producer summit have agreed to co-develop a combined cycle gas power plant called Meghnaghat II near Dhaka to generate electricity to power households, businesses, and industries across the country. The scope of this project is to supply 9HA.01 gas turbine, heat recovery steam generator, steam turbine generator, condenser and associated system for power plant.

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