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 Heat Recovery Steam Generators Market report analyses the impact of COVID-19 on this industry. COVID-19 can affect the global market in 3 ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on enterprises and financial markets.

The report offers detailed coverage of Heat Recovery Steam Generators industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Heat Recovery Steam Generators by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Heat Recovery Steam Generators market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2027.

First, this report covers the present status and the future prospects of the global Heat Recovery Steam Generators market for 2015-2027.

Key Companies
ALSTOM
Technology Transfer Services
Amec Foster Wheeler
CMI Groupe
Hitachi
Thermax

Heat Recovery Steam Generators Market by Type
Horizontal HRSGs
Vertical HRSGs
Heat Recovery Steam Generators Market by Application
Utilities
Chemicals
Refineries
Pulp & Paper
Commercial

At the same time, we classify Heat Recovery Steam Generators according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
The report conveys the entirety of current realities about market definition, orders, applications, and commitment for the Heat Recovery Steam Generators market that are basic to be victorious inside the market. The principle motivation behind this report is to give a development map with respect to the activities taken by central participants of the Heat Recovery Steam Generators market like item dispatches, joint endeavors, propensities, consolidations, and acquisitions which is influencing the Heat Recovery Steam Generators market undertaking in general and furthermore influencing the business, import, fare, income and CAGR values.

Regional Analysis
North America, Latin America, Asia-Pacific countries, Europe, India, China, and over twenty countries have been analyzed based on the different marketing elements such as manufacturing capacity, consumer base, productivity, and profit margin, and ease of business. It is observed that North America, in particular, will show impressive development during the estimated time frame in marketing development. Administration organizations and outsider managers are channelizing their efforts to make client-driven items that will add to the development of an efficient marketing scenario in these regions. As the significant parts of the market business would be all around the globe, Middle East, Africa, North America along with other Asia-Pacific nations shows a great prospect of developing a good market favorable environment.

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 2021 - 2027?
• What are the driving forces in the Heat Recovery Steam Generators market for the forecast period 2021 - 2027?
• 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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