Heat Recovery Steam Generator Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)

Heat Recovery Steam Generator Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)

1.8x increase in revenue in the global heat recovery steam generator market to be observed during the period of assessment (2017-2027)

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.

Future Market Insights has come up with a new in-depth research study on heat recovery steam generator market at a global level. The growth of the market was slow yet steady during the 2012-2016 timeline. In 2017, the global heat recovery steam generator market is valued at around US$ 836 Mn and is anticipated to touch about US$ 1500 Mn by the end of the year of assessment (2027), growing at a stellar value CAGR of 6.1%. The 2017-2027 period reflects high growth opportunities for the global market and is expected to showcase a 1.8x increase in valuation during the period of assessment. The increase in energy efficiency measures and research and development programs, increase in energy demand, growing awareness to reduce the exhaust gas released from gas turbine and growing need to increase the efficiency of the plant are few of the factors pushing the growth of the global heat recovery steam generator market. Prominent players are approaching the market with more advanced products characterized by high quality and relatively better efficiency and greater thermal flexibility.

Modular segment to hold high market share in the global heat recovery steam generator market

The modular segment in the design category is expected to hold a high market share by the end of the assessment period. In 2017, this segment reflected a high market share of above 50% with a high market valuation of around US$ 449 Mn and is likely to continue with its dominating streak throughout the period of assessment to reach a significant valuation by the end of the year of assessment (2027). It is projected to grow at a steady CAGR during the said period.

heat recovery steam generator market
Bundle segment in this category is poised to grow at a relatively high rate and is the second fastest growing segment with an expected value CAGR of 8.6%. However, this segment has a low market share and valuation. The C- section segment is the second largest and is anticipated to gain a 1.9x push in its value during the 2017-2027 timeline. In 2017 it reflected a value of above US$ 195 Mn securing its second place, after the modular segment.

Regional outlook: Asia Pacific excluding Japan (APEJ) and Middle East and Africa (MEA) to showcase high growth potential

The global heat recovery steam generator market is soaring across regions of Middle East and Africa and Asia Pacific excluding Japan (APEJ). The design category across these regions has been analysed which states that the modular segment in Middle East and Africa is expected to grow at a robust rate to reach a value of above US$ 190 Mn by the end of the assessment year. This segment in Asia Pacific excluding Japan (APEJ) is anticipated to grow at a value CAGR of 5.3% throughout the period of forecast.


1. Executive Summary
1.1. Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
4. Global HRSG Market Analysis 2012–2016 and Forecast 2017–2027
4.1. Introduction
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Global Installed Base
4.3. Value Chain
4.4. Drivers
4.5. Restraints
4.6. Upcoming/Recent Projects
5. Forecast Factors: Relevance and Impact
6. Global HRSG Market Analysis 2012–2016 and Forecast 2017–2027 By Configuration
6.1. Introduction / Key Findings
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Configuration, 2012 - 2016
6.3. Current Market Size (US$ Mn) and Volume Forecast By Configuration, 2017 - 2027
6.3.1. Horizontal
6.3.2. Vertical
6.3.3. Horizontal Once-Through Unit
6.4. Market Attractiveness Analysis By Configuration
7. Global HRSG Market Analysis 2012–2016 and Forecast 2017–2027 By Design
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Design, 2012 - 2016
7.3. Current Market Size (US$ Mn) and Volume Forecast By Design, 2017 - 2027
7.3.1. Modular
7.3.2. C-Section
7.3.3. Bundle
7.3.4. Fully Assembled
7.4. Market Attractiveness Analysis By Design
8. Global HRSG Market Analysis 2012–2016 and Forecast 2017–2027 By Gas Turbine Output Power
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Gas Turbine Output Power, 2012 - 2016
8.3. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power, 2017 - 2027
8.3.1. 0-60 MW
8.3.2. 60-100 MW
8.3.3. Above 100 MW
8.4. Market Attractiveness Analysis By Gas Turbine Output Power
9. Global HRSG Market Analysis 2012–2016 and Forecast 2017–2027 By Application
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2012 - 2016
9.3. Current Market Size (US$ Mn) and Volume Forecast By Application, 2017 - 2027
9.3.1. Co-generation (Process Heating)
9.3.2. Combined Cycle
9.3.3. Combined Heat & Power (CHP)
9.4. Market Attractiveness Analysis By Application
10. Global HRSG Market Analysis 2012–2016 and Forecast 2017–2027 By Region
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2012 - 2016
10.3. Current Market Size (US$ Mn) and Volume Forecast By Region, 2017 - 2027
10.3.1. North America
10.3.2. Latin America
10.3.3. Asia Pacific Excluding Japan
10.3.4. Western Europe
10.3.5. Eastern Europe
10.3.6. Middle East and Africa
10.3.7. Japan
10.4. Market Attractiveness Analysis By Region
11. North America HRSG Market Analysis 2012–2016 and Forecast 2017–2027
11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
11.3.1. By Country
11.3.2. By Configuration
11.3.3. By Design
11.3.4. By Gas Turbine Output Power
11.3.5. By Application
11.4. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
11.4.1. U.S.
11.4.2. Canada
11.5. Current Market Size (US$ Mn) and Volume Forecast By Configuration 2017 - 2027
11.5.1. Horizontal
11.5.2. Vertical
11.5.3. Horizontal Once-Through Unit
11.6. Current Market Size (US$ Mn) and Volume Forecast By Design 2017 - 2027
11.6.1. Modular
11.6.2. C-Section
11.6.3. Bundle
11.6.4. Fully Assembled
11.7. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power 2017 - 2027
11.7.1. 0-60 MW
11.7.2. 60-100 MW
11.7.3. Above 100 MW
11.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2017 - 2027
11.8.1. Co-generation (Process Heating)
11.8.2. Combined Cycle
11.8.3. Combined Heat & Power (CHP)
11.9. Market Attractiveness Analysis
11.9.1. By Country
11.9.2. By Configuration
11.9.3. By Design
11.9.4. By Gas Turbine Output Power
11.9.5. By Application
12. Latin America HRSG Market Analysis 2012–2016 and Forecast 2017–2027
12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
12.3.1. By Country
12.3.2. By Configuration
12.3.3. By Design
12.3.4. By Gas Turbine Output Power
12.3.5. By Application
12.4. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Current Market Size (US$ Mn) and Volume Forecast By Configuration 2017 - 2027
12.5.1. Horizontal
12.5.2. Vertical
12.5.3. Horizontal Once-Through Unit
12.6. Current Market Size (US$ Mn) and Volume Forecast By Design 2017 - 2027
12.6.1. Modular
12.6.2. C-Section
12.6.3. Bundle
12.6.4. Fully Assembled
12.7. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power 2017 - 2027
12.7.1. 0-60 MW
12.7.2. 60-100 MW
12.7.3. Above 100 MW
12.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2017 - 2027
12.8.1. Co-generation (Process Heating)
12.8.2. Combined Cycle
12.8.3. Combined Heat & Power (CHP)
12.9. Market Attractiveness Analysis
12.9.1. By Country
12.9.2. By Configuration
12.9.3. By Design
12.9.4. By Gas Turbine Output Power
12.9.5. By Application
13. Western Europe HRSG Market Analysis 2012–2016 and Forecast 2017–2027
13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
13.3.1. By Country
13.3.2. By Configuration
13.3.3. By Design
13.3.4. By Gas Turbine Output Power
13.3.5. By Application
13.4. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
13.4.1. EU – 5
13.4.2. Rest of Western Europe
13.5. Current Market Size (US$ Mn) and Volume Forecast By Configuration 2017 - 2027
13.5.1. Horizontal
13.5.2. Vertical
13.5.3. Horizontal Once-Through Unit
13.6. Current Market Size (US$ Mn) and Volume Forecast By Design 2017 - 2027
13.6.1. Modular
13.6.2. C-Section
13.6.3. Bundle
13.6.4. Fully Assembled
13.7. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power 2017 - 2027
13.7.1. 0-60 MW
13.7.2. 60-100 MW
13.7.3. Above 100 MW
13.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2017 - 2027
13.8.1. Co-generation (Process Heating)
13.8.2. Combined Cycle
13.8.3. Combined Heat & Power (CHP)
13.9. Market Attractiveness Analysis
13.9.1. By Country
13.9.2. By Configuration
13.9.3. By Design
13.9.4. By Gas Turbine Output Power
13.9.5. By Application
14. Eastern Europe HRSG Market Analysis 2012–2016 and Forecast 2017–2027
14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
14.3.1. By Country
14.3.2. By Configuration
14.3.3. By Design
14.3.4. By Gas Turbine Output Power
14.3.5. By Application
14.4. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
14.4.1. Russia
14.4.2. Poland
14.4.3. Rest of Eastern Europe
14.5. Current Market Size (US$ Mn) and Volume Forecast By Configuration 2017 - 2027
14.5.1. Horizontal
14.5.2. Vertical
14.5.3. Horizontal Once-Through Unit
14.6. Current Market Size (US$ Mn) and Volume Forecast By Design 2017 - 2027
14.6.1. Modular
14.6.2. C-Section
14.6.3. Bundle
14.6.4. Fully Assembled
14.7. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power 2017 - 2027
14.7.1. 0-60 MW
14.7.2. 60-100 MW
14.7.3. Above 100 MW
14.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2017 - 2027
14.8.1. Co-generation (Process Heating)
14.8.2. Combined Cycle
14.8.3. Combined Heat & Power (CHP)
14.9. Market Attractiveness Analysis
14.9.1. By Country
14.9.2. By Configuration
14.9.3. By Design
14.9.4. By Gas Turbine Output Power
14.9.5. By Application
15. APEJ HRSG Market Analysis 2012–2016 and Forecast 2017–2027
15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
15.3.1. By Country
15.3.2. By Configuration
15.3.3. By Design
15.3.4. By Gas Turbine Output Power
15.3.5. By Application
15.4. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
15.4.1. China
15.4.2. India
15.4.3. ASEAN
15.4.4. ANZ
15.4.5. Rest of APEJ
15.5. Current Market Size (US$ Mn) and Volume Forecast By Configuration 2017 - 2027
15.5.1. Horizontal
15.5.2. Vertical
15.5.3. Horizontal Once-Through Unit
15.6. Current Market Size (US$ Mn) and Volume Forecast By Design 2017 - 2027
15.6.1. Modular
15.6.2. C-Section
15.6.3. Bundle
15.6.4. Fully Assembled
15.7. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power 2017 - 2027
15.7.1. 0-60 MW
15.7.2. 60-100 MW
15.7.3. Above 100 MW
15.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2017 - 2027
15.8.1. Co-generation (Process Heating)
15.8.2. Combined Cycle
15.8.3. Combined Heat & Power (CHP)
15.9. Market Attractiveness Analysis
15.9.1. By Country
15.9.2. By Configuration
15.9.3. By Design
15.9.4. By Gas Turbine Output Power
15.9.5. By Application
16. MEA HRSG Market Analysis 2012–2016 and Forecast 2017–2027
16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
16.3.1. By Country
16.3.2. By Configuration
16.3.3. By Design
16.3.4. By Gas Turbine Output Power
16.3.5. By Application
16.4. Current Market Size (US$ Mn) and Volume Forecast By Country 2017 - 2027
16.4.1. GCC Countries
16.4.2. Turkey
16.4.3. South Africa
16.4.4. Rest of MEA
16.5. Current Market Size (US$ Mn) and Volume Forecast By Configuration 2017 - 2027
16.5.1. Horizontal
16.5.2. Vertical
16.5.3. Horizontal Once-Through Unit
16.6. Current Market Size (US$ Mn) and Volume Forecast By Design 2017 - 2027
16.6.1. Modular
16.6.2. C-Section
16.6.3. Bundle
16.6.4. Fully Assembled
16.7. Current Market Size (US$ Mn) and Volume Forecast By Gas Turbine Output Power 2017 - 2027
16.7.1. 0-60 MW
16.7.2. 60-100 MW
16.7.3. Above 100 MW
16.8. Current Market Size (US$ Mn) and Volume Forecast By Application 2017 - 2027
16.8.1. Co-generation (Process Heating)
16.8.2. Combined Cycle
16.8.3. Combined Heat & Power (CHP)
16.9. Market Attractiveness Analysis
16.9.1. By Country
16.9.2. By Configuration
16.9.3. By Design
16.9.4. By Gas Turbine Output Power
16.9.5. By Application
17. Japan HRSG Market Analysis 2012–2016 and Forecast 2017–2027
17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Analysis By Market Taxonomy, 2012 - 2016
17.3.1. By Configuration
17.3.2. By Design
17.3.3. By Gas Turbine Output Power
17.3.4. By Application
17.4. Current Market Size (US$ Mn) and Volum

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