- The major vendors in The Global Heat Recovery Steam Generator (HRSG) Market are Alstom SA, CMI Group, Foster Wheeler AG, NEM B.V. and The Babcock & Wilcox Company (B&W).
London, 06 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Heat Recovery Steam Generator Market 2014-2018. Heavy investment plans in the Middle East and African regions is one of the major emerging trends in the market. The HRSG market in developing countries especially Iran, the UAE, Tanzania, and Mozambique is expected to grow because of rich gas resources and consequent investment in combined cycle power plants.
An HRSG is a system used to extract useful heat from exhausts of combustion turbines or hot gas streams. It holds an advantageous position over traditional boilers in terms of resource efficiency and from an environmental perspective.
“HRSG technologies are important as they can utilize exhaust gas to produce steam, which then is used to drive a steam turbine to generate electricity,” says Faisal Ghaus, Vice President of TechNavio Research.
“Therefore, the overall electricity output of the plant increases with the same fuel costs and with low emissions.”
Increased Application of OTSGs
Once-through-steam generators can operate at supercritical pressures. Therefore, they are very important for modern high efficiency and lower emission power plants. Thermal lag is greatly reduced, and faster cold starts are possible with the help of this technology. HRSG manufacturers have been working to meet the demand for more flexible operations. One such OTSG is used in the 51 MW Whitby Cogeneration base load plant in Ontario, Canada.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
