배열회수보일러 시장 규모, 점유율, 성장 분석 : 설계별, 정격 출력별, 작동 모드별, 최종사용자별, 지역별 - 산업 예측(2024-2031년)

Global Heat Recovery Steam Generator Market size was valued at USD 805.5 million in 2022 and is poised to grow from USD 833.6 million in 2023 to USD 1100 million by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).

The market for Heat Recovery Steam Generators (HRSGs) is poised for significant growth, driven by several key factors including escalating power costs, stringent regulatory support aimed at fostering environmental sustainability, and a decrease in capital expenses due to technological advancements. These generators are increasingly recognized for their ability to minimize carbon emissions while delivering cleaner energy, making them attractive to energy-efficient organizations. Moreover, HRSGs play a pivotal role in enhancing the efficiency and sustainability of advanced energy systems by reducing ecological footprints. The surge in energy consumption coupled with a troubling rise in greenhouse gas emissions further propels the demand for such technologies. Additionally, the growing adoption of cogeneration technology driven by the pressing need for more energy-efficient solutions is expected to bolster HRSG market growth. Research indicates that these generators significantly influence the economic and technical efficiency of combined cycle power production, thereby enhancing the overall performance of gas turbine technologies. The market encompasses various components, including pipes and tubes, which are essential for assembling the HRSG, further indicating a robust infrastructure supporting this sector. As the industry evolves, HRSG technology stands out as a crucial player in addressing both economic and environmental challenges in energy generation.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Heat Recovery Steam Generator market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Heat Recovery Steam Generator Market Segmental Analysis

Global Heat Recovery Steam Generator Market is segmented by Design, Power Rating, Mode of Operation, End-user and region. Based on Design, the market is segmented into Horizontal Drum Units, Vertical Drum Units, Horizontal-Once-Through Units. Based on Power Rating, the market is segmented into Up to 30 MW, 31 MW - 100 MW, Above 100 MW. Based on Mode of Operation, the market is segmented into Cogeneration, Combined Heat & Power, Combined Cycle. Based on end user, the market is segmented into Utility, Chemicals, Refineries, Pulp & Paper. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.

Driver of the Global Heat Recovery Steam Generator Market

The Global Heat Recovery Steam Generator market is driven by a surge in interest and investment in clean energy solutions, which are rapidly transforming the power sector. As industries and governments prioritize sustainability, clean energy sources are proving to be flexible, efficient, and technologically advanced alternatives to traditional thermal plants, which have contributed to environmental degradation and increased carbon emissions. This shift has led to a notable expansion in the use of combined cycle power plants (CCPP) and cogeneration technologies. Furthermore, supportive government initiatives aimed at promoting CCPP and a growing consumer preference for cogeneration in various sectors-including utilities, chemicals, fertilizers, food and beverages, and oil and gas-are anticipated to significantly propel market growth. Overall, the increasing focus on renewable energy investments is creating robust demand in the global market.

Restraints in the Global Heat Recovery Steam Generator Market

The global Heat Recovery Steam Generator (HRSG) market faces significant constraints primarily due to high initial investment and maintenance costs. An HRSG consists of multiple components, including heat exchangers, economizers for pre-heating water, super-heaters for generating superheated steam, and evaporators for producing saturated steam. These systems may incorporate one or two high-pressure circuits to optimize energy recovery from gas turbine exhausts, subsequently increasing steam turbine power output with each pressure increment. However, this enhancement in efficiency also leads to escalating maintenance expenses, which can hinder market growth during the forecast period, as organizations may be deterred by the financial burden associated with these systems.

Market Trends of the Global Heat Recovery Steam Generator Market

The Global Heat Recovery Steam Generator market is witnessing a significant upward trend driven by the escalating global demand for electricity and the urgent need to mitigate greenhouse gas emissions. As nations impose stricter regulations and invest heavily in clean energy solutions, the adoption of cogeneration and combined cycle power plants has surged. These technologies are positioned as the most effective means to enhance energy efficiency while simultaneously reducing emissions. Consequently, heat recovery steam generators, which efficiently capture waste heat from hot gas streams in combined cycle setups, are increasingly sought after. This growing emphasis on sustainable energy sources is reshaping the market, prompting investments and innovations within the sector.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Technological Advancement
• Regulatory Landscape
• Value Chain Analysis
• PESTEL Analysis
• Market Attractiveness Index
• Supply Chain Analysis

Global Heat Recovery Steam Generator Market Size by Design & CAGR (2024-2031)

• Market Overview
• Horizontal Drum
• Vertical Drum

Global Heat Recovery Steam Generator Market Size by Power Rating & CAGR (2024-2031)

• Market Overview
• Up to 30 MW
• 31 to 100 MW
• 101 to 200 MW
• 201 to 300 MW
• Above 300 MW

Global Heat Recovery Steam Generator Market Size by Mode of Operation & CAGR (2024-2031)

• Market Overview
• Cogeneration
• Combined Heat & Power
• Combined Cycle

Global Heat Recovery Steam Generator Market Size by End-user & CAGR (2024-2031)

• Market Overview
• Commercial
• Chemical
• Refineries
• Utilities
• Pulp & Paper
• Other

Global Heat Recovery Steam Generator Market Size & CAGR (2024-2031)

• North America, (Design, Power Rating, Mode of Operation, End-user)
  • US
  • Canada
• Europe, (Design, Power Rating, Mode of Operation, End-user)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Design, Power Rating, Mode of Operation, End-user)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Design, Power Rating, Mode of Operation, End-user)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Design, Power Rating, Mode of Operation, End-user)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• MITSUBISHI HEAVY INDUSTRIES, LTD.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thermax Limited.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GE Vernova and/or its affiliates.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Bharat Heavy Electricals Limited
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LARSEN & TOUBRO LIMITED.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Isgec Heavy Engineering Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Kawasaki Heavy Industries, Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Siemens Heat Transfer Technology (Siemens)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• John Cockerill.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BHI Co., Ltd.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alstom SA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Rentech Boiler Systems, Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CN CO., LTD.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mutares SE & Co. KGaA
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Babcock & Wilcox
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• CMI Group
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Doosan Heavy Industries & Construction
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nooter/Eriksen
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Foster Wheeler AG
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Alstom Power
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation