The global heat recovery steam generator market is likely to witness a CAGR of 6.1% through 2027, and reach a valuation of over US$ 1.5 Bn.
Albany, NY -- (SBWIRE) -- 05/17/2018 -- A new research study titled "Heat Recovery Steam Generator Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)" has been added to the comprehensive repository of Market Research Reports Search Engine (MRRSE). According to the research report, the global heat recovery steam generator market is likely to witness a CAGR of 6.1% through 2027, and reach a valuation of over US$ 1.5 Bn.
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The research study offers in-depth insights and analysis on the heat recovery steam generator market. A comprehensive assessment on the key drivers and restraints impacting the market has been included in the report for the perusal of readers. The key opportunities emerging in the market along with the key trends impacting market growth have also been offered to readers.
According to the research study, increasing emphasis on boosting energy efficiency is one of the key factors driving demand for heat recovery steam generators. The growing discussions centered around reducing carbon emissions, and improving recyclability are also likely to provide an impetus to growth during the assessment period.
Although the report has a positive outlook on the heat recovery steam generator market, the capital intensive nature of heat recovery steam generators is likely to impede widespread adoption. In countries where regulations and implementations on carbon emissions are laxer, the demand for heat recovery steam generators is likely to remain steady.
The research study offers in-depth segment-wise analysis and forecast on the heat recovery steam generators market. The business intelligence study has segmented the market on the basis of design, configuration, application, and region. By design, modular segment continues to remain the largest, and is likely to account for a high revenue share of the market.
By application, the report estimates combined cycle segment to remain the largest, and account for high CAGR during the assessment period. The combined cycle segment is likely to grow at over 8% CAGR during the assessment period.
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Region-wise, Middle East and Africa (MEA) is likely to remain an attractive market for end-users owing to presence of end-use industries that need these systems. The MEA heat recovery steam generator market is likely to surpass US$ 450 Mn in revenues by the end of the forecast period.
The market intelligence study also includes a detailed competitive analysis that offers business and product strategies of some of the leading players in the market. Some of the key players in the market include Cleaver-Brooks, Siemens AG, General Electric, Cannon S.p.A., SES Tlma?e, a.s., Xizi United Holdings Limited Mitsubishi Hitachi Power Systems, Ltd., Deltak, Inc.,CMI Group, John Wood Group PLC, Hamon AC BOILERS SpA, Aalborg Engineering Slovakia s.r.o., Vogt Power International Inc., Rentech Boilers Systems Inc., and Thermax Global.
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