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Heat Recovery Steam Generator Market Share

Report ID: GMI3374
Published Date: Sep 2022
Report Format: PDF

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Heat Recovery Steam Generator Market Share

Some of the key companies involved in the industry include:

John Wood Group PLC
Kawasaki Heavy Industries
Babcock & Wilcox Enterprises Inc.
Larsen & Toubro Limited
Bharat Heavy Electricals Limited (BHEL)
Cleaver-Brooks
Clayton Industries
John Cockerill
Mitsubishi Heavy Industries
General Electric
Siemens Energy
Sofinter S.p.a
Rentech Boilers
Thermax Limited
Kelvion Holding GmbH
S.A. HAMON

Prominent players are collaborating with major energy companies to deploy their products across their infrastructure.

Citing an instance, in August 2022, Siemens Energy and MYTILINEOS selected the HRSG technology offered by John Cockerill to develop and supply a Benson-type boiler. This system is intended to be deployed behind Siemen’s gas turbine in its upcoming combined cycle facility in Poland. Moreover, this technology will save close to 1.2 million tons of CO₂ per year. With the rapid rise in environmental concerns, such sustainable inclusions will generate lucrative growth opportunities for the market.

Authors: Ankit Gupta, Abhishek Chopra

Frequently Asked Questions (FAQ) :

The market size of heat recovery steam generator valued at over USD 1.2 billion in 2021 and will depict a growth rate of over 5% through 2022-2030, with the growing adoption of cogeneration technology.

The vertical drum segment is projected to register 6% gains between 2022 and 2030 with increased adoption across food processing facilities.

The Asia Pacific market revenue is expected to grow at a CAGR of over 5.5% through 2030, due to consistent advancements in the regional power infrastructure.

John Wood Group PLC, Kawasaki Heavy Industries, Larsen & Toubro Limited, and S.A. HAMON are some of the key players operating in the industry.