The report covers an in-depth analysis of COVID 19 pandemic impact on Global Heat Recovery Steam Generator Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Heat Recovery Steam Generator (HRSG) is energy recovery heat exchanger which improves heat from a hot gas stream like combustion turbine or other waste gas stream. Heat recovery steam generates steam that can be used in a process or is used to drive the steam turbine. They aid in changing water into superheated steam in four different segments such as economizer, evaporator, and water preheater & super heater.
The scope of the MMR report includes a detailed study of global and regional markets for heat recovery steam generator with the reasons given for variations in the growth of the energy and power industry in certain regions. The upsurge in the utilization of cogeneration technology with rising investment in generation capacity growth is likely to stimulate the growth of the recovery steam generator market, such as, as per the U.S. Energy Information Administration, the contribution of coal in overall U.S. energy consumption had dropped by 4% in 2018 as compared to 2017. Additionally, the growing industrial sector with a shifting trend towards non-conventional energy use is expected to positively influence the heat recovery steam generator market growth.