Research and Markets: Global Heat Recovery Steam Generator (HRSG) Market 2014-2018: Alstom SA CMI, Foster Wheeler, NEM BV & Babcock and Wilcox Dominates
Research and Markets (http://www.researchandmarkets.com/research/2tpf6g/global_heat) has announced the addition of the "Global Heat Recovery Steam Generator (HRSG) Market 2014-2018" report to their offering.
The Global Heat Recovery Steam Generator market will grow at a CAGR of 8.9 percent over the period 2013-2018.
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.
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Key Market Drivers/Challenges/Trends