According to Goldstein Research, global heat recovery steam market is expected to reach USD 1.4 billion by 2024, growing at a CAGR of 6.4% over the forecast period 2016-2024. The rapid growth of the population is inducing the growing demand for electricity and moreover, for the clean and green energy. Thus such factors are driving the growth of the market. Global heat recovery steam market segmentation has been done on the basis of product type, gas turbine output power,
construction methods, application and geography. Horizontal units based on product type accounted for the largest market share of more than 65%, impacted by the growth of Combined Heat & Power (CHP) plants. Global heat recovery steam market is largely dominated by North America by more than 30% revenue share on the back of a large number of power generating plants. Further, APAC is an opportunistic region for the rising number of planned projects in the region.

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Market Segmentation

On the basis of our in-depth analysis, Global Heat Recovery Steam Market can be segmented as follows:

By Product Type

o Vertical Units
o Horizontal Units

By Gas Turbine Output Power

o 0-40 MW
o 40-100 MW
o Above 100 MW

By Construction Methods

o Modular
o C-Section
o Bundle
o Fully Assembled

By Application

o Co-generation (Process Heating)
o Combined Cycle
o Combined Heat & Power (CHP)

By Region

o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of the Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Global Heat Recovery Steam Market Outlook 2024” contains a detailed overview of the global heat recovery steam market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by product type, gas turbine output power, construction methods and application.

Further, for the in-depth analysis, Global Heat Recovery Steam Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as General Electric Company, Siemens AG, Amec Foster Wheeler plc., Babcock & Wilcox Company, Doosan Engineering & Construction Co. Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., Thermax Global, Larsen & Toubro Limited, Mitsubishi and Alstom Power, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global heat recovery steam market trends along with a market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

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