Global Heat Recovery Steam Generator (HRSG) Market Outlook to 2028

Continued installation of combined cycle power plants is one of the major factors driving the demand for heat recovery steam generators.  

With the outbreak of the COVID-19 pandemic, there is a sharp pullback in economic activity due to mandatory lockdowns and other containment measures. According to the IMF World Economic Outlook published in June 2020, the world economy is set to post a -4.9% GDP growth rate in 2020. That will be a downgrade of 8.2% from January 2020. The impact of the COVID-19 pandemic on the energy, automobile has already been profound.

Depending upon the capital availability and financial conditions, utilities might post-pone some of their generation investments, in turn affecting the HRSGs market demand.

Blackridge Research’s Global HRSG Market report provides insights into the current global and regional market demand scenario and its outlook. The study offers a detailed analysis of various factors instrumental in affecting the growth of the HRSG Market.

The report also addresses present and future market opportunities, market trends, developments, and the impact of Covid-19 on the HRSG market, important commercial developments, regions, and segments poised for the fastest-growth, competitive landscape. Further, HRSG’s market size, and demand forecast, growth rates, trade (imports and exports) will also be provided in the report.