表紙：熱回収蒸気発生器市場の2030年までの予測- 設計別、運転モード別、用途別、エンドユーザー別、地域別の世界分析

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1358965

熱回収蒸気発生器市場の2030年までの予測- 設計別、運転モード別、用途別、エンドユーザー別、地域別の世界分析

Heat Recovery Steam Generator Market Forecasts to 2030 - Global Analysis By Design, Mode of Operation, Application, End User and By Geography

出版日: 2023年10月01日 | 発行: Stratistics Market Research Consulting

| ページ情報: 英文 200+ Pages | 納期: 2～3営業日

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概要
図表
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概要

サンプル依頼リストに入れる

Stratistics MRCによると、熱回収蒸気発生器の世界市場は2023年に13億5,000万米ドルを占め、予測期間中のCAGRは6.2%で2030年には20億6,000万米ドルに達すると予測されています。

熱回収蒸気発生器（HRSG）は、燃焼タービンや他の廃ガスストリームによって生成されるような高温ガスストリームからの熱を高めることによってエネルギーを回収する熱交換器です。熱回収によって生成された蒸気は、プロセスで使用したり、蒸気タービンの動力にしたりすることができます。コージェネレーション技術を利用した熱回収システムは、従来のシステムよりも燃料消費量が少なく、高い効率性を持つことで知られています。そのため、燃料最適化のためのグリーンな代替手段として適しています。

米国エネルギー省によると、燃焼空気の予熱は炉の効率を50.0%も最適化すると予想されています。

クリーン・エネルギーへの関心の高まり

電力セクターでは、クリーン・エネルギーが大きな支持を集めています。クリーン・エネルギー源は、電力システムにおいてより柔軟性があり、高効率で信頼性が高く、技術的にも進んでいます。火力発電は、炭素排出量を増加させ、地球温暖化を引き起こすなど、環境に深刻な影響を与えています。その結果、クリーン・エネルギーは大きく成長し、コンバインドサイクル発電所やコージェネレーションを使った発電が可能になっています。

高い維持費と初期投資コスト

水を飽和近くまで加熱するエコノマイザー、過熱蒸気を発生させるスーパーヒーター、飽和蒸気を発生させるエバポレーターからなる熱交換器の集合体が熱回収蒸気発生器を構成します。ガスタービンの排ガスからより多くのエネルギーを取り出すために、より高圧の回路が1つまたは2つ追加されます。しかし、これは抽出のレベルを引き上げます。蒸気タービンの出力は、圧力が高くなるごとに大きくなり、HRSGシステムのメンテナンス費用も高くなります。

温室効果ガスの排出を抑制することで、産業成長は加速する

電力消費の増加の結果、発電量が増加し、温室効果ガスの排出量も増加しています。世界的に排出量を削減するために、厳しい規則、公的な取り組み、多額の投資が行われています。温室効果ガスの排出を削減するための最も信頼性が高く効率的なエネルギー源は、コージェネレーションとコンバインドサイクル発電所です。さらに、コンバインドサイクル発電所の熱回収蒸気発生器は、高温のガス流から熱を取り出します。したがって、温室効果ガス排出を削減するためにコンバインドサイクル発電所を採用した結果、需要が増加しています。

代替品の利用可能性

熱回収蒸気発生器の需要は、CCPPやCHP設備の開発に直接関係している可能性があります。ペンサイクル発電所やシングルサイクル発電所は、簡単で、安価で、建設が容易であるが、一部の事業者はいまだにこれらに依存しています。また、CCPPよりも運転に必要なスペースや設備が少なくて済みます。熱回収蒸気発生器は必要なく、さらに劣化して制限を引き起こす可能性があるため、より重要です。

COVID-19の影響：

パンデミックによる景気後退がもたらした原油価格の急落は発電業界に大きな影響を与え、HRSGの世界市場にも影響を及ぼしています。HRSGユニットの出荷だけでなく、メーカーのサプライチェーンも輸送制限の結果、支障をきたしています。さらに、特に化学分野では、すべての最終市場で需要が落ち込み、これらの事業の株価は歴史的な高値の損失を被っています。

予測期間中、商業用セグメントが最大になると予想される

ショッピングモールは、施設全体で作動する空調システムを作動させるために熱交換器を採用することができるため、商業カテゴリーは市場で最大のシェアを持つと予想されます。加えて、政府もその管轄地域のインフラ拡張に財政的に貢献しています。例えば、2022年9月、上海は8つのインフラプロジェクトを発表し、投資総額は2,570億米ドルを超えました。このようにインフラ建設が重視されることで、熱回収蒸気発生器の導入が増える結果、商業的な見通しは改善すると思われます。

予測期間中にCAGRが最も高くなると予想されるのは横型ドラム分野です。

水平ドラムは通常、チタン、炭素鋼、クラッド鋼、銅合金のような高張力材料で構成されているため、このカテゴリーの市場は予測期間を通じて収益性の高い発展を遂げると予測されます。さらに、水は垂直に配置された蒸発管で加熱されるが、ガスの流れは水平であるため、自然で経済的な循環効果が生まれます。発電、石油・ガス、精製業界にとっては、より高い効率と不良率ゼロを実現できます。

最もシェアの高い地域：

特にアジア太平洋地域では、原油価格の下落に伴い石油・ガス分野への投資が増加しているため、予測期間中、アジア太平洋地域が市場の最大シェアを占めており、HRSGシステムの需要に確実に影響を与えています。また、炭化水素製品の需要急増に伴う製油所や石油化学プラントの拡張計画が、HRSG市場の拡大をさらに加速させると予測されています。

CAGRが最も高い地域：

北米の先進地域ではエネルギー生産技術のニーズが急速に高まっているため、この地域は有利な成長を遂げると予測されます。さらに、新興国における産業活動の活発化とエネルギー効率の高い技術に対する需要の高まりにより、この地域でも着実な市場拡大が予測されます。さらに、熱電併給に適した規制やユーティリティの提供を促進することで、連邦政府や州政府は、この地域で運用コストを下げるためのさまざまなインセンティブや方法を提供しています。

無料のカスタマイズサービス

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

企業プロファイル
- 追加市場プレーヤーの包括的プロファイリング（3社まで）
- 主要企業のSWOT分析（3社まで）
地域セグメンテーション
- 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
競合ベンチマーキング
- 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

北米
- 米国
- カナダ
- メキシコ
欧州
- ドイツ
- 英国
- イタリア
- フランス
- スペイン
- その他欧州
アジア太平洋地域
- 日本
- 中国
- インド
- オーストラリア
- ニュージーランド
- 韓国
- その他アジア太平洋地域
南米
- アルゼンチン
- ブラジル
- チリ
- その他南米
中東とアフリカ
- サウジアラビア
- アラブ首長国連邦
- カタール
- 南アフリカ
- その他中東とアフリカ

第10章主な発展

契約、パートナーシップ、コラボレーション、合弁事業
買収と合併
新製品の発売
事業拡大
その他の主要戦略

第11章企業プロファイル

Babcock & Wilcox Enterprises, Inc.
Bharat Heavy Electricals Limited（BHEL）
Clayton Industries
Kawasaki Heavy Industries, Ltd.
Larsen & Toubro Limited
Cleaver-Brooks
Mitsubishi Heavy Industries, Ltd.
John Wood Group PLC
General Electric
Siemens Energy
Rentech Boilers
Kelvion Holding GmbH
Thermax Limited

図表

List of Tables

Table 1 Global Heat Recovery Steam Generator Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
Table 3 Global Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
Table 4 Global Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
Table 5 Global Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
Table 6 Global Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
Table 7 Global Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
Table 8 Global Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
Table 9 Global Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
Table 10 Global Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
Table 11 Global Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
Table 12 Global Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
Table 13 Global Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
Table 14 Global Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
Table 15 Global Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
Table 16 Global Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
Table 17 Global Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
Table 18 Global Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
Table 19 Global Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
Table 20 Global Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
Table 21 Global Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
Table 22 North America Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
Table 23 North America Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
Table 24 North America Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
Table 25 North America Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
Table 26 North America Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
Table 27 North America Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
Table 28 North America Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
Table 29 North America Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
Table 30 North America Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
Table 31 North America Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
Table 32 North America Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
Table 33 North America Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
Table 34 North America Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
Table 35 North America Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
Table 36 North America Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
Table 37 North America Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
Table 38 North America Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
Table 39 North America Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
Table 40 North America Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
Table 41 North America Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
Table 42 North America Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
Table 43 Europe Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
Table 44 Europe Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
Table 45 Europe Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
Table 46 Europe Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
Table 47 Europe Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
Table 48 Europe Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
Table 49 Europe Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
Table 50 Europe Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
Table 51 Europe Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
Table 52 Europe Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
Table 53 Europe Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
Table 54 Europe Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
Table 55 Europe Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
Table 56 Europe Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
Table 57 Europe Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
Table 58 Europe Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
Table 59 Europe Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
Table 60 Europe Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
Table 61 Europe Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
Table 62 Europe Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
Table 63 Europe Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
Table 64 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
Table 65 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
Table 66 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
Table 67 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
Table 68 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
Table 69 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
Table 70 Asia Pacific Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
Table 71 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
Table 72 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
Table 73 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
Table 74 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
Table 75 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
Table 76 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
Table 77 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
Table 78 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
Table 79 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
Table 80 Asia Pacific Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
Table 81 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
Table 82 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
Table 83 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
Table 84 Asia Pacific Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
Table 85 South America Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
Table 86 South America Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
Table 87 South America Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
Table 88 South America Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
Table 89 South America Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
Table 90 South America Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
Table 91 South America Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
Table 92 South America Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
Table 93 South America Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
Table 94 South America Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
Table 95 South America Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
Table 96 South America Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
Table 97 South America Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
Table 98 South America Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
Table 99 South America Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
Table 100 South America Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
Table 101 South America Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
Table 102 South America Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
Table 103 South America Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
Table 104 South America Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
Table 105 South America Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)
Table 106 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Country (2021-2030) ($MN)
Table 107 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Design (2021-2030)
Table 108 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Vertical drum (2021-2030)
Table 109 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Horizontal drum (2021-2030)
Table 110 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Modular Construction (2021-2030)
Table 111 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Bundle Construction (2021-2030)
Table 112 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By C-section Construction (2021-2030)
Table 113 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Other Designs (2021-2030)
Table 114 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Mode of Operation (2021-2030)
Table 115 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Combined Cycle (2021-2030)
Table 116 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Cogeneration (2021-2030)
Table 117 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Application (2021-2030)
Table 118 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Commercial (2021-2030)
Table 119 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Chemicals (2021-2030)
Table 120 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Pulp & Paper (2021-2030)
Table 121 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Other Applications (2021-2030)
Table 122 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By End User (2021-2030)
Table 123 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Power and Utility (2021-2030)
Table 124 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Fertilizer Plants (2021-2030)
Table 125 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Oil and Gas Facilities (2021-2030)
Table 126 Middle East & Africa Heat Recovery Steam Generator Market Outlook, By Other End Users (2021-2030)

Product Code: SMRC23837

According to Stratistics MRC, the Global Heat Recovery Steam Generator Market is accounted for $1.35 billion in 2023 and is expected to reach $2.06 billion by 2030 growing at a CAGR of 6.2% during the forecast period. The Heat Recovery Steam Generator (HRSG) is a heat exchanger that recovers energy by enhancing the heat from a hot gas stream, such as one produced by a combustion turbine or another waste gas stream. Steam produced through heat recovery can be used in a process or to power a steam turbine. Systems for recovering heat that use cogeneration technology are well known for their high levels of efficiency while consuming less fuel than traditional systems. They are therefore a suitable green substitute for fuel optimization.

According to the U.S. Department of Energy, combustion air preheat is anticipated to optimize the furnace efficiency by as much as 50.0%.

Market Dynamics:

Driver:

Growing interest in clean energy sources

In the power sector, clean energy is gaining significant traction. A clean energy source is more flexible in the power system, highly efficient, dependable, and technologically advanced. Thermal plant power generation has severely impacted the environment by increasing carbon emission levels and causing global warming. As a result, clean energy has grown significantly, enabling the use of combined-cycle power plants and cogeneration to produce electricity.

Restraint:

High maintenance and initial investment costs

A collection of heat exchangers, comprising economizers to heat water nearly to saturation, superheaters to produce superheated steam, and evaporators to produce saturated steam, make up a heat recovery steam generator. One or two circuits with higher pressures are added to the system in order to extract more energy from the gas turbine exhaust gas. However, this raises the level of extraction. The power output of the steam turbine grows with each additional degree of pressure, which in turn raises the expense of the HRSG system's maintenance.

Opportunity:

Industrial growth will be accelerated by limiting greenhouse gas emissions

As a result of rising electricity consumption, there is a rise in power production and greenhouse gas emissions. To reduce emissions globally, there are stringent rules, official initiatives, and considerable investments. The most reliable and efficient energy sources for reducing greenhouse gas emissions are cogeneration and combined-cycle power plants. Additionally, the heat recovery steam generator in a combined cycle power plant takes heat from a hot gas stream. Thus, demand is rising as a result of adopting combined cycle power plants to reduce greenhouse gas emissions.

Threat:

Availability of alternatives

The demand for heat-recovery steam generators may be directly related to the development of CCPP and CHP facilities. Although pen-cycle and single-cycle plants are straightforward, inexpensive, and easy to build, some operators still rely on them. They also demand less space and equipment to run than CCPP. They don't require heat recovery system generators, which is more crucial because they may further degrade and cause restrictions.

COVID-19 Impact:

The sharp decline in crude oil prices brought on by the pandemic's economic downturn has had a significant influence on the power generation industry, which in turn has had an effect on the world market for HRSG. The supply chain for manufacturers as well as the shipping of the HRSG units are impeded as a result of the transportation limitations. Moreover, particularly in the chemical sector, demand fell across all end markets, and the stock prices of these businesses suffered historically high losses.

The Commercial segment is expected to be the largest during the forecast period

As shopping malls can employ heat exchangers to operate the air conditioning system operating throughout the institution, the commercial category is anticipated to have the largest share of the market. Additionally, governments are also contributing financially to infrastructure expansion in their constituents' areas. For instance, in September 2022, Shanghai announced eight infrastructure projects with a combined investment of over USD 257 billion. The commercial outlook will improve as a result of the increased deployment of heat recovery steam generators brought on by this strong emphasis on infrastructure construction.

The horizontal drum segment is expected to have the highest CAGR during the forecast period

Due to the fact that horizontal drums are typically composed of higher-tensile-strength materials like titanium, carbon steel, clad steel, and copper alloy, the market for this category is predicted to develop profitably throughout the forecast period. Additionally, the water is heated in vertically placed evaporator tubes while the flow of gas is horizontal, creating a natural and economical circulation effect. For the power generation, oil and gas, and refinery industries, it offers greater efficiency and a zero-defect rate.

Region with largest share:

Due to increased investments in the oil and gas sector following the drop-in oil prices, particularly in the region, Asia Pacific held the largest share of the market during the projected period, which is certainly influencing the demand for HRSG systems. Additionally, it is projected that ongoing refinery and petrochemical plant expansion plans due to the exponentially rising demand for hydrocarbon products will further accelerate the expansion of the HRSG market.

Region with highest CAGR:

Due to the need for energy-producing technology that is increasing rapidly in the developed region of North America, the region is predicted to experience lucrative growth. Moreover, owing to an increase in industrial activity in emerging economies and a rise in demand for energy-efficient technology, a steady market expansion is also projected in the area. Additionally, by promoting combined heat and power-friendly regulations and utility provision, the federal and state governments offer a variety of incentives and methods to lower operational costs in the region.

Key players in the market:

Some of the key players in the Heat Recovery Steam Generator Market include: Babcock & Wilcox Enterprises, Inc., Bharat Heavy Electricals Limited (BHEL), Clayton Industries, Kawasaki Heavy Industries, Ltd., Larsen & Toubro Limited, Cleaver-Brooks, Mitsubishi Heavy Industries, Ltd., John Wood Group PLC, General Electric, Siemens Energy, Rentech Boilers, Kelvion Holding GmbH and Thermax Limited.

Key Developments:

In September 2023, Berkeley engineers partner with Siemens Energy on $3.7M DOE project to explore direct air capture for carbon sequestration. The DAC system will be anchored around Siemens Energy's large-scale solid sorbent capture technology, with smaller deployments of next-generation capture technologies.

In March 2023, Larsen & Toubro (L&T),an Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing and Services, have entered into an Electrolyzer Manufacturing Binding Agreement with McPhy Energy , a France-based leading electrolyzer technology and manufacturing company, for a long-term partnership to explore the opportunities unfolding in the emerging Green Hydrogen sector.

Designs Covered:

Vertical drum
Horizontal drum
Modular Construction
Bundle Construction
C-section Construction
Other Designs

Mode of Operations Covered:

Combined Cycle
Cogeneration

Applications Covered:

Commercial
Chemicals
Pulp & Paper
Other Applications

End Users Covered:

Power and Utility
Fertilizer Plants
Oil and Gas Facilities
Other End Users

Regions Covered:

North America
- US
- Canada
- Mexico
Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
South America
- Argentina
- Brazil
- Chile
- Rest of South America
Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa

What our report offers:

Market share assessments for the regional and country-level segments
Strategic recommendations for the new entrants
Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions

3 Market Trend Analysis

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19

4 Porters Five Force Analysis

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Heat Recovery Steam Generator Market, By Design

5.1 Introduction
5.2 Vertical drum
5.3 Horizontal drum
5.4 Modular Construction
5.5 Bundle Construction
5.6 C-section Construction
5.7 Other Designs

6 Global Heat Recovery Steam Generator Market, By Mode of Operation

6.1 Introduction
6.2 Combined Cycle
6.3 Cogeneration

7 Global Heat Recovery Steam Generator Market, By Application

7.1 Introduction
7.2 Commercial
7.3 Chemicals
7.4 Pulp & Paper
7.5 Other Applications

8 Global Heat Recovery Steam Generator Market, By End User

8.1 Introduction
8.2 Power and Utility
8.3 Fertilizer Plants
8.4 Oil and Gas Facilities
8.5 Other End Users

9 Global Heat Recovery Steam Generator Market, By Geography

9.1 Introduction
9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa

10 Key Developments

10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling

11.1 Babcock & Wilcox Enterprises, Inc.
11.2 Bharat Heavy Electricals Limited (BHEL)
11.3 Clayton Industries
11.4 Kawasaki Heavy Industries, Ltd.
11.5 Larsen & Toubro Limited
11.6 Cleaver-Brooks
11.7 Mitsubishi Heavy Industries, Ltd.
11.8 John Wood Group PLC
11.9 General Electric
11.10 Siemens Energy
11.11 Rentech Boilers
11.12 Kelvion Holding GmbH
11.13 Thermax Limited