Market Overview:
The global CHP heat recovery steam generator market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for electricity and rising concerns for environment protection. In terms of type, the below 50MW segment is expected to dominate the market during the forecast period owing to its low installation and operational costs. By application, power stations are expected to account for a major share of the global CHP heat recovery steam generator market in 2018. However, industrial production is projected to be the fastest-growing application segment during the forecast period.
Product Definition:
A CHP heat recovery steam generator (HRSG) is a device that recovers waste heat from a gas turbine or diesel engine to generate steam. The recovered heat is used to produce electrical power, or to provide process heating for industrial applications.
Below 50MW:
Below 50 MW power generation is a new segment in the CHP (Combined Heat and Power) steam generator market. The key drivers for this market are the need to reduce carbon emissions, shift from fossil fuels to renewable sources of energy, and improve efficiency.
The U.S has been at the forefront in promoting clean energy development with several policies supporting small-scale projects that can help drive innovation across various states such as California, New York, Washington DC etc.
50MWBelow OutputBelow 100MW:
50MWBelow outputBelow 100MW is the capacity of CHP heat recovery steam generator which can be used in power plants with low or medium-high thermal efficiency. It has a significant advantage over conventional supercritical boiler systems as it can deliver high thermal efficiency at relatively lower capital and operational costs.
Application Insights:
Based on the application, the global market has been segmented into power stations and industrial production. Power stations are further sub-segmented into commercial, residential and other power stations. The other applications include municipal solid waste incineration plants and marine thermal energy conversion plants. The growth of these facilities is directly proportional to the growth of urbanization which in turn is a consequence of economic development leading to an increase in disposable income, followed by population expansion resulting in increased demand for electricity generation.
The increasing need for electricity across various industries including food processing, chemical manufacturing as well as paper mills has resulted in an upsurge in installed capacity with projected annual additions varying from 300MWto 1000MWin recent years across all regions globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid industrialization, which has resulted in an increasing demand for CHP heat recovery steam generator systems across various industries. China, India and Japan are among the largest consumers of these systems owing to their rapidly expanding power sector coupled with rising concerns regarding energy security.
Europe accounted for a significant share of revenue in 2017 owing to growing investments by governments towards retrofitting existing coal-fired power plants with CHP equipment, thereby reducing carbon emissions and enhancing plant efficiency while maintaining grid stability.
Growth Factors:
- Increasing demand for electricity due to population growth and industrialization in developing countries
- Stringent environmental regulations for power plants that encourage the use of CHP systems
- Rising prices of traditional fuels such as natural gas and coal, which makes CHP systems more economical
- Advances in CHP technology that make them more efficient and reliable
- Growing awareness of the benefits of CHP systems among businesses and consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
CHP Heat Recovery Steam Generator Market Research Report
By Type
Below 50MW, 50MWBelow OutputBelow 100MW, 100MWBelow OutputBelow 300MW, Above 300MW
By Application
Power Station, Industrial Production
By Companies
Amec Foster Wheeler Plc, Babcock and Wilcox Company, Clayton Industries, Cleaver-Brooks, Hamon Deltak, Inc, Rentech Boiler Systems, Mitsubishi Hitachi Power Systems, General Electric Company, Siemens AG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global CHP Heat Recovery Steam Generator Market Report Segments:
The global CHP Heat Recovery Steam Generator market is segmented on the basis of:
Types
Below 50MW, 50MWBelow OutputBelow 100MW, 100MWBelow OutputBelow 300MW, Above 300MW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Station, Industrial Production
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amec Foster Wheeler Plc
- Babcock and Wilcox Company
- Clayton Industries
- Cleaver-Brooks
- Hamon Deltak, Inc
- Rentech Boiler Systems
- Mitsubishi Hitachi Power Systems
- General Electric Company
- Siemens AG
Highlights of The CHP Heat Recovery Steam Generator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Below 50MW
- 50MWBelow OutputBelow 100MW
- 100MWBelow OutputBelow 300MW
- Above 300MW
- By Application:
- Power Station
- Industrial Production
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the CHP Heat Recovery Steam Generator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A CHP heat recovery steam generator is a type of steam generator that recovers heat from the exhaust gas from a combustion engine. This recovered heat is used to produce hot water or steam for use in various industrial processes.
Some of the major players in the chp heat recovery steam generator market are Amec Foster Wheeler Plc, Babcock and Wilcox Company, Clayton Industries, Cleaver-Brooks, Hamon Deltak, Inc, Rentech Boiler Systems, Mitsubishi Hitachi Power Systems, General Electric Company, Siemens AG.
The chp heat recovery steam generator market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 CHP Heat Recovery Steam Generator Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 CHP Heat Recovery Steam Generator Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 CHP Heat Recovery Steam Generator Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the CHP Heat Recovery Steam Generator Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global CHP Heat Recovery Steam Generator Market Size & Forecast, 2018-2028
4.5.1 CHP Heat Recovery Steam Generator Market Size and Y-o-Y Growth
4.5.2 CHP Heat Recovery Steam Generator Market Absolute $ Opportunity
Chapter 5 Global CHP Heat Recovery Steam Generator Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 CHP Heat Recovery Steam Generator Market Size Forecast by Type
5.2.1 Below 50MW
5.2.2 50MWBelow OutputBelow 100MW
5.2.3 100MWBelow OutputBelow 300MW
5.2.4 Above 300MW
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global CHP Heat Recovery Steam Generator Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 CHP Heat Recovery Steam Generator Market Size Forecast by Applications
6.2.1 Power Station
6.2.2 Industrial Production
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global CHP Heat Recovery Steam Generator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 CHP Heat Recovery Steam Generator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America CHP Heat Recovery Steam Generator Analysis and Forecast
9.1 Introduction
9.2 North America CHP Heat Recovery Steam Generator Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America CHP Heat Recovery Steam Generator Market Size Forecast by Type
9.6.1 Below 50MW
9.6.2 50MWBelow OutputBelow 100MW
9.6.3 100MWBelow OutputBelow 300MW
9.6.4 Above 300MW
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America CHP Heat Recovery Steam Generator Market Size Forecast by Applications
9.10.1 Power Station
9.10.2 Industrial Production
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe CHP Heat Recovery Steam Generator Analysis and Forecast
10.1 Introduction
10.2 Europe CHP Heat Recovery Steam Generator Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe CHP Heat Recovery Steam Generator Market Size Forecast by Type
10.6.1 Below 50MW
10.6.2 50MWBelow OutputBelow 100MW
10.6.3 100MWBelow OutputBelow 300MW
10.6.4 Above 300MW
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe CHP Heat Recovery Steam Generator Market Size Forecast by Applications
10.10.1 Power Station
10.10.2 Industrial Production
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific CHP Heat Recovery Steam Generator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific CHP Heat Recovery Steam Generator Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific CHP Heat Recovery Steam Generator Market Size Forecast by Type
11.6.1 Below 50MW
11.6.2 50MWBelow OutputBelow 100MW
11.6.3 100MWBelow OutputBelow 300MW
11.6.4 Above 300MW
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific CHP Heat Recovery Steam Generator Market Size Forecast by Applications
11.10.1 Power Station
11.10.2 Industrial Production
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America CHP Heat Recovery Steam Generator Analysis and Forecast
12.1 Introduction
12.2 Latin America CHP Heat Recovery Steam Generator Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America CHP Heat Recovery Steam Generator Market Size Forecast by Type
12.6.1 Below 50MW
12.6.2 50MWBelow OutputBelow 100MW
12.6.3 100MWBelow OutputBelow 300MW
12.6.4 Above 300MW
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America CHP Heat Recovery Steam Generator Market Size Forecast by Applications
12.10.1 Power Station
12.10.2 Industrial Production
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) CHP Heat Recovery Steam Generator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) CHP Heat Recovery Steam Generator Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) CHP Heat Recovery Steam Generator Market Size Forecast by Type
13.6.1 Below 50MW
13.6.2 50MWBelow OutputBelow 100MW
13.6.3 100MWBelow OutputBelow 300MW
13.6.4 Above 300MW
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) CHP Heat Recovery Steam Generator Market Size Forecast by Applications
13.10.1 Power Station
13.10.2 Industrial Production
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 CHP Heat Recovery Steam Generator Market: Competitive Dashboard
14.2 Global CHP Heat Recovery Steam Generator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amec Foster Wheeler Plc
14.3.2 Babcock and Wilcox Company
14.3.3 Clayton Industries
14.3.4 Cleaver-Brooks
14.3.5 Hamon Deltak, Inc
14.3.6 Rentech Boiler Systems
14.3.7 Mitsubishi Hitachi Power Systems
14.3.8 General Electric Company
14.3.9 Siemens AG
