North America Heat Recovery Steam Generator Market Growth is projected to witness growth on account of growing utilization of cogeneration technology along with increasing investment toward generation capacity expansion. Rapid growth of industrial sector along with shifting focus toward combined cycle plants will propel the product penetration. Ongoing development of petrochemicals and refinery on account of surging demand for hydrocarbon products will enhance the business landscape.

Ease of compatibility, lower installation & capital expenditure are some of the key parameters which will augment the horizontal drum industry size. Robust growth across commercial sector along with increasing demand from manufacturing plants and industries will positively influence the business landscape. The wide scale utilization of these systems across biomass, CHP and integrated solar combined cycle power plants will facilitate the technological adoption.

Increasing electricity demand and growing efforts to reduce greenhouse gas emissions will complement the U.S. heat recovery steam generator market. Rising investments across clean energy sources coupled with adoption of CCPP & CHP technologies will facilitate the product adoption. Favorable government policies along with lower energy operating costs and utility support are some of the prominent factors stimulating the industry growth.

0 MW – 30 MW rated heat recovery steam generator market is anticipated to grow owing to continuing expansion of cogenerating systems to sustain heat and energy consumption across isolated grid networks. Shifting inclination toward sustainable energy utilization coupled with ongoing investment for expansion of generation capacity and modernization of infrastructure will encourage the product deployment.

High reliability, high-grade heat availability and low emissions are some of the vital features driving the cogeneration heat recovery steam generator market. Stringent government regulations toward limiting carbon emissions along with surging adoption of energy efficient power generating technologies will accelerate the business growth. Increasing adoption of gas-fired technology in line with shifting trends toward the use of sustainable energy systems will further boost the product portfolio.

The Canada HRSG market will witness an upsurge on account of accelerating thermal capacity additions along with robust growth across industrial sector. Growing investments toward modernization of infrastructure coupled with development of combined cycle plants will foster the industry outlook. Furthermore, ongoing replacement of coal-fired power plants to reduce the emissions will positively influence the business landscape.

The major players operating across the industry includes John Wood, B&W, Larsen & Toubro, Kawasaki, Clayton, Mitsubishi, General Electric, Siemens, AC Boilers, Thermax Limited, Hamon and Kelvion. The manufacturers have associated their focus toward mergers & acquisitions and other business expansion policies in order to enhance their industry presence.