Stratview Research announces the launch of a new research report on the Heat Recovery Steam Generator Market is Segmented by Design Type (Horizontal Drum and Vertical Drum), by Rated Power Type (0-30 MW, >30-50 MW, >50-100 MW, and >200 MW), by Mode of Operation Type (Cogeneration and Combined Cycle), by Application Type (Utilities, Commercial, Chemicals, and Refineries), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
The report calculates the short- and long-term ramifications of the COVID-19 pandemic on Heat Recovery Steam Generator Market consumption at the global, regional, and nation scales. The report also compares pre-COVID and post-COVID scenarios to evaluate the potential loss to the industry. The vital data provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
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The report delivers a detailed view of the industry based on Heat Recovery Steam Generator Market size, market growth, and opportunities. The report also analyses market key aspects such as-
Highlights from the Report
Heat Recovery Steam Generator Market is likely to witness an impressive CAGR of 5.3% during the forecast period. Surge in utilization towards cogeneration technology along with growing investment towards generation capacity expansion is likely to drive the market growth.
In terms of regions, Asia-Pacific is estimated to be the most lucrative market led by China, Japan, and India. Expanding industrial sector, rapid urbanization, significant economic development in the region, and increased focus towards sustainable source of energy are the major factors driving the growth of the Asia-Pacific’s market. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
According to the report, the key players of the market are –
Customization of the Report:
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Surge in utilization towards cogeneration technology along with growing investment towards generation capacity expansion is the factor driving the growth of the heat recovery generator market.
The horizontal drum segment is expected to be the larger segment in the heat recovery steam generator market in the next five years.