市場調查報告書
商品編碼
1596851
熱回收蒸汽產生器市場規模、佔有率和成長分析:按設計、按額定功率、按運行模式、按最終用戶、按地區 - 行業預測,2024-2031 年Heat Recovery Steam Generator Market Size, Share, Growth Analysis, By Design, By Power Rating, By Mode of Operation, By End-user, By Region - Industry Forecast 2024-2031. |
2022年全球熱回收蒸汽產生器市場規模將為8.055億美元,從2023年的8.336億美元成長到2031年的11億美元,並在預測期內(2024年-2031年)到2031年將成長到11億美元。
由於電力成本上漲、旨在促進環境永續性的嚴格監管支援以及技術進步帶來的資本成本降低等幾個關鍵因素,熱回收蒸汽產生器(HRSG)市場將大幅成長。這些發電機越來越被認為對節能組織具有吸引力,因為它們可以提供更清潔的能源,同時最大限度地減少碳排放。此外,餘熱鍋爐透過減少生態足跡,在提高先進能源系統的效率和永續性發揮重要作用。能源消耗的迅速增加和溫室氣體排放的增加進一步推動了對這些技術的需求。此外,由於迫切需要更節能的解決方案,汽電共生技術的日益採用預計也將促進餘熱鍋爐市場的成長。研究表明,這些發電機顯著影響聯合循環發電的經濟和技術效率,並提高燃氣渦輪機技術的整體性能。該市場包括餘熱鍋爐組裝所必需的各種部件,例如管道和管材,這表明有強大的基礎設施來支持該行業。隨著產業的發展,餘熱鍋爐技術脫穎而出,成為解決能源產出中的經濟和環境挑戰的關鍵參與者。
Global Heat Recovery Steam Generator Market size was valued at USD 805.5 million in 2022 and is poised to grow from USD 833.6 million in 2023 to USD 1100 million by 2031, growing at a CAGR of 3.5% in the forecast period (2024-2031).
The market for Heat Recovery Steam Generators (HRSGs) is poised for significant growth, driven by several key factors including escalating power costs, stringent regulatory support aimed at fostering environmental sustainability, and a decrease in capital expenses due to technological advancements. These generators are increasingly recognized for their ability to minimize carbon emissions while delivering cleaner energy, making them attractive to energy-efficient organizations. Moreover, HRSGs play a pivotal role in enhancing the efficiency and sustainability of advanced energy systems by reducing ecological footprints. The surge in energy consumption coupled with a troubling rise in greenhouse gas emissions further propels the demand for such technologies. Additionally, the growing adoption of cogeneration technology driven by the pressing need for more energy-efficient solutions is expected to bolster HRSG market growth. Research indicates that these generators significantly influence the economic and technical efficiency of combined cycle power production, thereby enhancing the overall performance of gas turbine technologies. The market encompasses various components, including pipes and tubes, which are essential for assembling the HRSG, further indicating a robust infrastructure supporting this sector. As the industry evolves, HRSG technology stands out as a crucial player in addressing both economic and environmental challenges in energy generation.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Heat Recovery Steam Generator market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Heat Recovery Steam Generator Market Segmental Analysis
Global Heat Recovery Steam Generator Market is segmented by Design, Power Rating, Mode of Operation, End-user and region. Based on Design, the market is segmented into Horizontal Drum Units, Vertical Drum Units, Horizontal-Once-Through Units. Based on Power Rating, the market is segmented into Up to 30 MW, 31 MW - 100 MW, Above 100 MW. Based on Mode of Operation, the market is segmented into Cogeneration, Combined Heat & Power, Combined Cycle. Based on end user, the market is segmented into Utility, Chemicals, Refineries, Pulp & Paper. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Heat Recovery Steam Generator Market
The Global Heat Recovery Steam Generator market is driven by a surge in interest and investment in clean energy solutions, which are rapidly transforming the power sector. As industries and governments prioritize sustainability, clean energy sources are proving to be flexible, efficient, and technologically advanced alternatives to traditional thermal plants, which have contributed to environmental degradation and increased carbon emissions. This shift has led to a notable expansion in the use of combined cycle power plants (CCPP) and cogeneration technologies. Furthermore, supportive government initiatives aimed at promoting CCPP and a growing consumer preference for cogeneration in various sectors-including utilities, chemicals, fertilizers, food and beverages, and oil and gas-are anticipated to significantly propel market growth. Overall, the increasing focus on renewable energy investments is creating robust demand in the global market.
Restraints in the Global Heat Recovery Steam Generator Market
The global Heat Recovery Steam Generator (HRSG) market faces significant constraints primarily due to high initial investment and maintenance costs. An HRSG consists of multiple components, including heat exchangers, economizers for pre-heating water, super-heaters for generating superheated steam, and evaporators for producing saturated steam. These systems may incorporate one or two high-pressure circuits to optimize energy recovery from gas turbine exhausts, subsequently increasing steam turbine power output with each pressure increment. However, this enhancement in efficiency also leads to escalating maintenance expenses, which can hinder market growth during the forecast period, as organizations may be deterred by the financial burden associated with these systems.
Market Trends of the Global Heat Recovery Steam Generator Market
The Global Heat Recovery Steam Generator market is witnessing a significant upward trend driven by the escalating global demand for electricity and the urgent need to mitigate greenhouse gas emissions. As nations impose stricter regulations and invest heavily in clean energy solutions, the adoption of cogeneration and combined cycle power plants has surged. These technologies are positioned as the most effective means to enhance energy efficiency while simultaneously reducing emissions. Consequently, heat recovery steam generators, which efficiently capture waste heat from hot gas streams in combined cycle setups, are increasingly sought after. This growing emphasis on sustainable energy sources is reshaping the market, prompting investments and innovations within the sector.