Wednesday 25 March 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Heat Recovery Steam Generator Market: Alstom SA, CMI Group, Foster Wheeler AG, NEM B.V. and The Babcock & Wilcox Company (B&W).
Other Prominent Vendors in the market are: Doosan Heavy Industries, SofinterTechnology Transfer Services and Thermax.
The report said: “Heavy investment plans in the Middle East and African region is one of the emerging trends in the market. The HRSG market in developing countries especially Iran, the UAE, Tanzania, and Mozambique is expected to grow as a result of rich gas resources and consequent investment in Combined Cycle Power Plants.”
According to the report, the need for efficient energy sources is one of the major drivers. The growing demand for greater efficiency and the availability of government incentives for improved energy efficiency and emissions reductions are expected to drive the growth of the Global HRSG market.
Further, the report states that one of the major challenges in this market is limited product differentiation as players have failed to differentiate their products based on technology and prices resulting in identical products.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.