Lewes, DE -- (SBWIRE) -- 03/09/2016 -- Report forecast the global Heat Recovery Steam Generator market to grow at a CAGR of 5.37% during the period 2016-2020.

Fossil fuels account for more than 60% of the global electricity production. Depending on the fuel and the process used, the overall electricity energy conversion ranges between 35% and 40%. This implies that 55%-60% of the energy is wasted during the process. Large quantities of this wasted energy end up as thermal energy in the exhaust gases during the combustion process.

HRSG is a heat exchanger where the heat from the exhaust gas of a gas turbine or a combustion engine is passed through a series of heat exchanger tubes to create steam for the steam turbine. HRSG can be operated at multiple pressure levels – single pressure, dual pressure and triple pressure.

The report covers the present scenario and the growth prospects of the global heat recovery steam generator market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top six vendors operating in the market.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the global power market is strongly focused on issues related to climate change. The market players have recognized the profound need for sustainable development through a well-balanced energy portfolio that includes energy efficient technologies.

Further, the report states that the number of vendors in this market is increasing. As a result, the competition between well-established HRSG manufacturers and new players has risen. Niche players manufacture cost-effective but similar HRSGs to HRSG manufacturers. This lack of product differentiation curtails established players from gaining significant market shares, affecting the market growth.

Global Heat Recovery Steam Generator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Heat Recovery Steam Generator Market: AC Boilers, Alstom, Babcock & Wilcox (B&W), CMI, Foster Wheeler and Nooter/Eriksen.

Other Prominent Vendors in the market are: Doosan, Hangzhou Boiler Group, Mitsubishi Heavy Industries, NEM, Siemens and Victory energy.

Market driver
- Need for energy efficiency
- For a full, detailed list, view our report

Market challenge
- Limited product differentiation
- For a full, detailed list, view our report

Market trend
- Growing demand for HRSG in power production
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 62 pages and 53 Exhibit "Global Heat Recovery Steam Generator 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-heat-recovery-steam-generator-2016-2020

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