Energy and Power Heat Recovery Steam Generator Market

Heat Recovery Steam Generator Market Analysis by Product
Description, Types and Application, Growth Factors 2018-
2020
The report "Heat Recovery Steam Generator Market by Rated Power (Up To 30 MW & >30
MW), by Application (Combined Cycle & CHP), by End-User (Utilities, Chemicals, Refineries,
Pulp & Paper, Commercial & Others), and by Region - Global Trends & Forecast to 2020",
The heat recovery steam generator market is expected to grow from an estimated USD 740.7
Million in 2015 to USD 888.2 Million by 2020, at a CAGR of 3.7% from 2015 to 2020. Factors such
as increasing efforts to reduce global greenhouse gas emissions, growing adoption o f CCPP &
CHP, increasing global electricity demand & subsequent investments in power plants, and
economic benefits of implementing heat recovery steam generators are driving the market
worldwide.
Browse 70 market data Tables and 59 Figures spread through 137 Pages and in-depth TOC
on "Heat Recovery Steam Generator Market by Rated Power (Up To 30 MW & >30 MW), by
Application (Combined Cycle & CHP), by End-User (Utilities, Chemicals, Refineries, Pulp &
Paper, Commercial & Others), and by Region - Global Trends & Forecast to 2020"
https://www.marketsandmarkets.com/Market-Reports/heat-recovery-steam-generator-market-
177042936.html
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Combined Heat and Power (CHP) plants to be the dominant application segment in the
global heat recovery steam generator market
Heat recovery steam generators find application mainly in CHP and CCPP. The CHP market
accounted for more than 50% of the total market share in 2014. Cogeneration or CHP is highly
efficient and can achieve primary energy savings by nearly 40%. Moreover, they are installed
close to the end-user, which helps in reducing T&D losses. The typical recoverable temperature
ranges from 90oC to 400oC, which are used for district heating or cooling and other factory
processes.