HRSG in power production: Latest development in the global HRSG market

Renewable energy


This market research report presents a comprehensive segmentation of the global HRSG market by product (horizontal and vertical HRSGs) and by geography (Americas, APAC and EMEA). The top vendors analyzed in this report are AC Boilers, Alstom, B&W, CMI, Foster Wheeler, and Nooter/Eriksen.

Technavio’s market research analysts estimate the global HRSG market, to grow at a CAGR of more than 5% between 2016 and 2020. To reduce the emissions of greenhouse gases (GHG) and control pollution, governments are increasingly adopting advanced technologies such as HRSGs and carbon capture and storage (CCS), which can improve the power generation efficiency levels to 80%.  The Americas lead the HRSG installations market, accounting for 38% of the total market share. Demand for HRSGs in the region is driven by the stringent emission laws and the need for efficiency in countries such as the US and Canada.

The new market research report from Technavio provides a breakdown and analysis of the HRSG segments by technology.

“The gas turbine manufacturers are designing HRSG with a higher temperature and pressure steam turbine cycle to obtain higher efficiency from a combined-cycle power plant (CCPP). Next-generation HRSG is optimized for cycling and constructability (OCC) and offers high operational flexibility for reliable high cycling duty. The innovative single row harp design produces three times less stress than the industry standard conventional multi-row harps. Moreover, SCR and carbon monoxide catalyst technology embedded in the HRSGs significantly reduce overall emissions from the plant,” says Vishu R., Lead Analyst, Energy, Technavio Research

The horizontal HRSG segment dominates the HRSG market, occupying around 67% of the overall market share. Horizontal HRSGs account for the majority of HRSG installations worldwide, especially in North America because of an increase in CCGT plants. The demand for horizontal HRSGs are driven by their design, cost-effectiveness, lower installation period and light weight. The horizontal HRSG segment will continue to dominate the market during the forecast period.

The leading vendors in the global HRSG market are AC Boilers, Alstom, B&W, CMI, Foster Wheeler, and Nooter/Eriksen. The market is characterized by the presence of established vendors. Intense competition prevails in this market as in several regions, the local or regional plyers dominate the market. Vendors are coming up with new HRSG technologies to meet new emission regulations, for efficient production with higher productivity, and lower cost of implementation.

A more detailed analysis is available in the Technavio report, Global HRSG Market 2016-2020.

We can customize reports by other regions and specific segments upon request.

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