Heat recovery steam generator or waste heat boilers help to convert water into superheated steam. It involves four critical components, namely, evaporator, economizer, water preheater and superheater that are used to meet the operating requirements of the entire unit. It provides the thermodynamic link between the gas and the steam turbines to achieve optimum performance in a combined – cycle power plant. Heat recovery is extensively used in energy projects. Heat Recovery Steam Generators are used in gas power plants as a capital equipment to minimize carbon emission.
The vast rise in demand for improved energy efficiency of power plants and the power generation process and the availability of encouraging government incentives and rebates for enhancing the energy efficiency of the same are the key factors fueling the growth of the global heat recovery steam generators market. An increasing inclination towards the use of clean power generation technologies, the thriving industrial sector, especially across developing economies such as India and China, is also driving the increased demand for heat recovery steam generators globally.
However, the after-effects of recent economic slowdowns in established markets such as Europe and certain parts of North America have adversely affected the prices of natural gas, which has dampened the spirits of power generation companies wanting to foray into the field of mixed-cycle power plants to a certain extent. However, the issue is expected to have only a moderate impact on the overall growth prospects of the market in the near future. Another key challenge faced by companies in the global heat recovery steam generators market is the lack of product differentiation, which has led to intense competition in terms of product costs.

The Global Heat Recovery Steam Generators Market size was xxx million USD with a CAGR xx % from 2018- 2022. It will stretch to xxx million USD in 2023 with a CAGR of xx % from 2023 - 2030.

As the report focuses on global Heat Recovery Steam Generators Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-

ALSTOM
Technology Transfer Services
Amec Foster Wheeler
CMI Groupe
Hitachi
Thermax
In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:

Horizontal HRSGs
Vertical HRSGs
In Market segmentation by applications :

Utilities
Chemicals
Refineries
Pulp & Paper
Commercial
Others

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Heat Recovery Steam Generators Market for the forecast period 2023 - 2030?
• What are the driving forces in the Heat Recovery Steam Generators Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Heat Recovery Steam Generators industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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