Heat Recovery Steam Generator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global power generation is likely to witness a CAGR of more than 3% during the forecast period, 2020-2025, which has a direct influence on the heat recovery steam generator (HRSG) market. Additionally, factors, such as increasing energy efficiency and less emission of greenhouse gases, are likely to drive the heat recovery steam generator market in the forecast period. However, the initial cost of investment is high for HRSG, which, in turn, is expected to hurt the market studied.
Key HighlightsThe heat recovery steam generator market is moderately fragmented. Some of the key players in the market include Siemens AG, Mitsubishi Hitachi Power Systems Ltd, Sofinter SpA, General Electric Company, and Thermax Limited.
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