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heat recovery steam generator (hrsg) market analysis to 2020 - PowerPoint PPT Presentation

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heat recovery steam generator (hrsg) market analysis to 2020

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  1. Heat Recovery Steam Generator (HRSG) Market Analysis to 2020 - Global Market Size, Equipment Market Share, Competitive Landscape, Trends and Analysis

  2. Growing Electricity Demand and Increasing Enviromental Awareness Spurs Demand for HRSG The increasing global demand for electrical power and the simultaneous rise in environmental concerns and legislation are the major drivers for the Heat Recover Steam Generator (HRSG) market. The global power market is at present strongly focused on issues related to climate change, in order to meet government-mandated environmental targets and also in order to reduce dependency on imported energy. The market participants have recognized the profound need for sustainable development through a well balanced energy portfolio inclusive of energy-efficient technologies. It is believed that Combine Cycle Gas Turbine (CCGT) is the solution for all such energy-related questions. Moreover, international agreements such as the Kyoto Protocol have reduced the outlook for coal-fired generation as the world looks to decrease the level of harmful emissions put into the earth’s atmosphere. These stringent regulations on companies generating power from coal, the world’s most utilized source for power generation – which is also the most carbon-intensive source, have resulted in the growth of the HRSG market which is used in CCGT plants. These rules and regulations are expected to drive the market in the long term, as they are expected to become more stringent, ultimately increasing sales.

  3. Additionally, the demand for higher efficiencies and the availability of larger government incentives and rebates are expected to augment market growth. The increase in economic activities around the globe, especially in countries such as India and China, are also expected to spur the demand for the HRSG market. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Heat-Recovery-Steam-Generator-HRSG-Market-Analysis-to-2020-Global-Market-Size-Equipment-Market-Share-Competitive-Landscape-Trends-and-Analysis&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Power_Generation Economic Recession Stifles HRSG Market The global recession and decline in power demand have fostered uncertainty about natural gas prices. This has created downward pressure on new investments worldwide. Cancellations or delays of utility programs and financing issues are plaguing the power generation market. This is expected to result in a gradual decline in sales, due to the lower demand for new installations of HRSG systems in the short term. The global HRSG market generated revenues of $1.54 billion in 2009.

  4. 2010 is set to be another tough year as financing conditions remain constrained. Signals suggesting a sustainable recovery are staying mixed and, indeed, there remains a significant concern that recovery could stall, inhibiting investments in this sector. As North America begins its economic recovery, the market is expected to witness an upward trend in revenue growth from 2010. The global HRSG market is thus estimated to grow at a Compound Annual Growth Rate (CAGR) of 3.8% from 2009 to 2020, with estimated revenues of $2.31 billion by 2020. Increasing Competition The number of vendors in this market is increasing and as a result the level of competition has risen fiercely. This competition is based on price, distribution channels, technology, performance, service and support, time-to-market of new products, features, and product capabilities. The market has two tiers of competition; the first tier consists of manufacturers of power equipment, and the second tier includes the niche players who participate exclusively as manufactures of HRSG equipment. Multiple distribution structures are also used in order to gain maximum market share. Distribution channels used include direct sales, Original Equipment Manufacturers (OEMs), distributors, value-added re-sellers, and others.

  5. The majority of the global HRSG market is controlled by tier one companies such as Nooter/Eriksen Inc, Doosan Heavy Industries & Construction Co., Ltd., NEM Modular HRSG Systems, and Vogt Power International Inc. Tier two companies include manufacturers such as Deltak, Vickers Hoskins, Mechmar Boilers Sdn. Bhd., Austrian Energy, Mechmar Thailand, Vyncke Energietechniek, Philippines Thermal For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Heat-Recovery-Steam-Generator-HRSG-Market-Analysis-to-2020-Global-Market-Size-Equipment-Market-Share-Competitive-Landscape-Trends-and-Analysis&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Power_Generation Exchangers, Mechmar Boilers Sdn. Bhd., Arcoo Corporation, Titan Contracting & Leasing Co Inc; Markham Engineering;English Boiler, Par Techno Heat, Heatex, Precitech, IBL, Transparent Energy systems, Cethar Vessels (P) Ltd, Veesons Energy Systems, CMI Cockeril Mechanical Industries, Bono Energia, Aprovis, PT Batata, PT Gikoko Kogyo Indonesia, and so on. There is strong competition between these manufacturers in order to gain more market share. Tier one manufacturers are likely to dominate this market as they have the capability to integrate HRSG with other products, thereby providing different end-user sectors with total solutions.

  6. One of the major challenges facing the HRSG manufacturers is the lack of product differentiation. Many of the European and NA (North American) manufacturers face tough competition from their Asian counterparts on account of the latter’s low-priced products. These companies’ equipment is sold at comparatively lower prices than the average price in the market and as a result they capture a significant portion of the market share. Since the products manufactured by these companies are identical to those produced by European and NA manufacturers, it becomes critical for the European and North American manufacturers to retain their market share through efficient product differentiation. Once a unique product strategy is adopted, the global manufacturers will be able to thrive by establishing a market that will filter out the non-domestic participants and thereby strengthen their market share. This report gives detailed information on the Global HRSG market and provides historical and forecast numbers for revenue, volume, market share and average price up to 2020. The research analyzes trends in the global HRSG turbine market and also detailed analysis for the leading countries in HRSG business. This coupled with competitive benchmarking of the top market participant provides a comprehensive understanding of the market’s competitive scenario

  7. For further details, please click or add the below link to your browser: http://www.globaldata.com/reportstore/Report.aspx?ID=Heat-Recovery-Steam-Generator-HRSG-Market-Analysis-to-2020-Global-Market-Size-Equipment-Market-Share-Competitive-Landscape-Trends-and-Analysis&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Power_Generation Visit our report store: http://www.globaldata.com For more details contact: pressreleases@globaldata.com North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782