Global Heat Recovery Steam Generator (HRSG) Market Analysis & Forecasts 2018-2022, With an Expected CAGR of 4.86% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--The “Global Heat Recovery Steam Generator (HRSG) Market 2018-2022” report has been added to ResearchAndMarkets.com’s offering.
The analysts forecast the global heat recovery steam generator (HRSG) market to grow at a CAGR of 4.86% during the period 2018-2022.
The HRSG is a heat exchanger designed to recover the exhaust waste heat available in the combustion turbine exhaust gas. The waste heat recovered from the exhaust is used to generate steam at high pressure and high temperature. The steam produced by HRSG can be used in combined heat and power (CHP) process and to drive a steam turbine (combined cycle).
One trend in the market is increase in demand for HRSG in power production. With the increasing population, the demand for powers is increasing rapidly. In addition, the global economic growth will drive the demand for power. The world population is expected to increase by approximately 12% between April 2018 and 2030.
One driver in the market is increase in energy efficiency. Energy efficiency is one of the key factors that will lead to the reduced use of coal and will drive the demand for other sources such as nuclear and thermal energy to meet the power generation capacity.
The report states that one challenge in the market is volatility in prices of natural gas. One of the main challenges faced by the global HRSG market is the fluctuation in the prices of natural gas, a raw material that is extensively used in CCGT power plants.
Companies MentionedBabcock & Wilcox Enterprises CMI GENERAL ELECTRIC John Wood Group Siemens Thermax Global
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Product
08. Customer Landscape
09. Regional Landscape
10. Decision Framework
11. Drivers And Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/mzx2fm/global_heat?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005337/en/
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SOURCE: Research and Markets
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PUB: 08/07/2018 04:49 AM/DISC: 08/07/2018 04:49 AM