RnRMarketResearch.com adds report “Heat Recovery Steam Generator (HRSG) Market in Asia-Pacific Region – Market Size, Pricing Analysis, Equipment Market Share and Competitive Landscape Analysis to 2020” to its store.
The Asia Pacific HRSG equipment market has an intense level of competition, driven by the high number of players, especially in China. The market in China and India is quite fragmented compared to Australia and the Republic of Korea. The key countries of the Asia-Pacific region, India and China, dominate the revenue share in the Asia Pacific, receiving an estimated 35% and 25%, respectively, of the total revenues from the HRSG market in the Asia Pacific region at present. The rise in population and living standards has made electricity an important commodity for many countries in the Asia-Pacific region. The electricity consumer base is having a sound growth and there is a high demand in this region despite the recent financial crisis.
- Data on the revenue generated from HRSG sales for the key countries in the Asia Pacific region like Australia, China, India, Japan, South Korea, Taiwan, Indonesia, and Vietnam
- Data on the pricing and volume (unit sales) analysis for HRSG for key countries in the Asia Pacific region
- Detailed market share analysis of top market participants such as Alstom SA, Doosan Heavy Industries & Construction Co. Ltd., Mitsubishi Heavy Industries, AE&E Australia Pvt Ltd. and Bharat Heavy Electricals Ltd
- HRSG technology overview
- Data sourced from proprietary databases and primary interviews with key participants across the value chain.
Complete report available @ http://www.rnrmarketresearch.com/heat-recovery-steam-generator-hrsg-market-in-asia-pacific-region-market-size-pricing-analysis-equipment-market-share-and-competitive-landscape-analysis-to-2020-market-report.html .
Reasons to buy
The report will aid to -
- Facilitate decision-making based on strong historic and forecast data for the HRSG equipment market.
- Develop strategies based on the latest pricing trends, market shares and revenue growth.
- Position yourself to gain the maximum advantage in the HRSG market’s growth potential.
- Identify key partners and business development avenues.
- Respond to your competitors’ business structure, strategy and prospects
Drivers, restraints, revenue forecasts, average pricing, market share analysis and sales volumes are covered for the region’s markets. The report covers eight countries key to the Asia-Pacific HRSG market. Revenue forecasts, average pricing, market share analysis, sales volume analysis and technology trends are covered for each major country in the market.
Growing Electricity Demand and Increasing Enviromental Concerns Driving the HRSG Market in Asia-Pacific Region
The growing demand for electricity and increasing environmental concerns are the major drivers for the heat recovery steam generator (HRSG) market. The power markets of many countries in the Asia-Pacific region have started focusing on issues related to climate change both in order to meet government-mandated environmental legislations and to reduce their dependency on imported energy. Governments and utilities face the challenge of having to increase their power capacities to keep pace with economic growth, while at the same time minimizing any environmental impact. It is believed that combined cycle gas turbine (CCGT) plants are the solution for all such energy-related challenges. Moreover, international agreements such as the Kyoto Protocol have made the outlook for coal-fired generation bleaker, as the world looks to decrease the level of harmful emissions put into the earth’s atmosphere. This shift towards cleaner and more energy-efficient options for power generation has resulted in the growth of the HRSG market, as HRSGs are used in CCGT plants.
Request a sample copy of this report @ http://www.rnrmarketresearch.com/contacts/request-sample?rname=60377
The growing demand for greater efficiency and the availability of large government incentives and rebates for improved energy efficiency and emissions reductions are expected to sustain the HRSG market’s growth. Economic activity and growth in the region, especially in developing countries such as India and China, will increase the demand in the HRSGs market as countries and utilities continue to opt for cleaner thermal power.
Economic Downturn Poses Challenge for the HRSG Market Until 2015
A decreased demand for power has been witnessed since 2009 due to the global economic downturn, which has adversely affected natural gas prices, creating downward pressure on new investments in the Asia-Pacific region. At present, there is low demand for new installations, with several cancellations or delays of utility programs due to financing issues. This is expected to result in a gradual decline in sales in the HRSG market during the period 2011-2015. Sustainable recovery is still uncertain, with significant concerns that the global economic recovery from 2008 could stall, inhibiting investments in this sector.
The HRSG markets of countries such as India, South Korea, Taiwan and Indonesia have been significantly impacted by the deteriorating economic landscape and the subsequent consequences, such as increases in natural gas prices.
Increasing Competition in the HRSG Market
The number of vendors in the HRSG market is increasing and, as a result, the level of competition has also grown tremendously. Most of the HRSG market in the Asia-Pacific region is controlled by companies such as Alstom SA, Doosan Heavy Industries & Construction Co. Ltd., Mitsubishi Heavy Industries, AE&E Australia Pvt Ltd. and Bharat Heavy Electricals Ltd. There is strong competition between these manufacturers to achieve the greatest market share. The tier one manufacturing companies are likely to dominate the market and put the tier two companies in the shade due to their ability to provide integrated HRSG solutions, as compared to the exclusive pieces of HRSG equipment or units provided by tier two manufacturers.
Purchase a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=60377 .
Browse Generator Industry Reports @ http://www.rnrmarketresearch.com/reports/energy-power/energy/generator .
RnRMarketResearch.com is an online database e of market research reports offer in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple Industries. Not limited to industry reports covering telecommunication, healthcare, pharmaceutical, financial services, energy, technology, real estate, logistics, F&B , media and more.