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Shipments within the global heat recovery steam generators (HRSGs) market reached a total of 199 units in 2011. By the end of the decade this amount has been forecast to increase, so that the average amount of volume shipments reach 251 units on a yearly basis.
As green well and truly becomes the new black, eco-conscious and financially prudent countries alike are looking to HRSGs to supplement renewable energy generation.
HRSGs consist of four major components: the economiser, evaporator, superheater and water preheater. The different components are put together to meet the operating requirements of the unit.
Based on the flow of exhaust gases, HRSGs are categorised into vertical and horizontal types. In horizontal type HRSGs, exhaust gas flows horizontally over vertical tubes whereas in vertical type HRSGs, exhaust gas flow vertically over horizontal tubes.
Based on pressure levels, HRSGs can be categorized into single pressure and multi pressure. Single pressure HRSGs have only one steam drum and steam is generated at single pressure level whereas multi pressure HRSGs employ two (double pressure) or three (triple pressure) steam drums. As such triple pressure HRSGs consist of three sections: an LP (low pressure) section, a reheat/IP (intermediate pressure) section, and an HP (high pressure) section.
Sales of HRSGs (boilers that recover exhaust heat from gas turbines in order to generate steam for the steam turbines) are expected to grow substantially over the next eight years, with the rising demand for electricity in China acting as a key factor.
The HRSG market in China has been forecast to increase at a compound annual growth rate (CAGR) of 8.8% over the next eight years, rising from a valuation of $95 million in 2012, to hit a market value of $186 million in 2020.
For more information on the heat recovery steam generators market, see the latest research: Heat Recovery Steam Generators Market
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