HOME Top Market Reports Heat Recovery Steam Generator Market by Rated Power (Up To 30 MW & >30 MW), by Application (Combined Cycle & CHP), by End-User (Utilities, Chemicals, Refineries, Pulp & Paper, Commercial & Others), and by Region - Global Trends & Forecast to 2020

Heat Recovery Steam Generator Market by Rated Power (Up To 30 MW & >30 MW), by Application (Combined Cycle & CHP), by End-User (Utilities, Chemicals, Refineries, Pulp & Paper, Commercial & Others), and by Region - Global Trends & Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: EP 4067

 

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The global heat recovery steam generator market was valued at USD 714.4 Million in 2014, and is expected to grow at a CAGR of 3.7% from 2015 to 2020. Factors such as increasing global electricity demand & subsequent investments in power plants, economic benefits of implementing heat recovery steam generators, increasing efforts to reduce global greenhouse gas emissions, and growing adoption of CCPP & CHP are driving the heat recovery steam generator market.
The heat recovery steam generator market has been segmented on the basis of its rated power, application, end-user, and region. The years considered for the study are as follows:

  • Base Year – 2014
  • Estimated Year – 2015
  • Projected Year – 2020
  • Forecast Period – 2015 to 2020

For company profiles in the report, 2014 has been considered. Where information is unavailable for the base year, the prior year has been considered.

Research Methodology

This research study involves extensive usage of secondary sources, directories, and databases (such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource) to identify and collect information useful for this technical, market-oriented, and commercial study of the heat recovery steam generator. The below points explain the research methodology applied in making this report.

  • Analysis of all the operating and upcoming heat recovery steam generators and heat recovery steam generator incorporated power plant projects across the globe, based on application and rated capacity
  • Analysis of country-wise rate of electrification for the past three years
  • Analysis of natural gas-fired power plant upgrade and commissioning across various regions
  • Estimation of installation cost of heat recovery steam generators in various regions using the cost variance models
  • Estimation of unit shipments of heat recovery steam generator and arriving at the total market size using market engineering process
  • Analyzing market trends in various regions/ and countries supported by the on-going gas-fired power plant infrastructure spending in respective regions/countries
  • The overall market sizes have been finalized by triangulating the supply side data, which include product developments, supply chain, and annual shipments of heat recovery steam generators worldwide

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure below shows the breakdown of the primaries on the basis of company, designation, and region, conducted during the research study.

Heat Recovery Steam Generator Market

Market Ecosystem:

The heat recovery steam generator market starts with the manufacturing of basic components which include pipes and tubes, among others. In the later stage, assembling of the generator takes place where all the components are integrated. These equipment are then distributed to power plants or other industries where they are commissioned.

Heat Recovery Steam Generator Market

Stakeholders:

The stakeholders included in this report are as follows:

  • Heat recovery steam generator manufacturers
  • Suppliers of parts and components to the heat recovery steam generator industry
  • Manufacturers and equipment-users associations and groups
  • Public and private operators of CHP plants and CCPPs
  • Government and research organizations
  • Consulting companies in energy & power
  • Shareholders and investors
  • Investment banks

Scope of the Report:

  • By Application:
    • Combined cycle
    • CHP
  • By Rated Power
    • Up to 30 MW
    • >30 MW
  • By End-User
    • Utilities
    • Chemicals
    • Refineries
    • Pulp & Paper
    • Commercial
    • Others
  • By Region
    • North America
    • Europe
    • Asia-Pacific
    • RoW

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency & Pricing
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Introduction
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Market Breakdown & Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 25)
    3.1 Introduction
    3.2 Historical Backdrop & Evolution
    3.3 Current Scenario
    3.4 Future Outlook
    3.5 Conclusion

4 Premium Insights (Page No. - 32)
    4.1 Attractive Market Opportunities
    4.2 Heat Recovery Steam Generator Market, By End-User, 2015-2020
    4.3 Heat Recovery Steam Generator Market, Application vs  Power Rating
    4.4 Europe Held the Largest Market Share (By Value) in 2014
    4.5 Heat Recovery Steam Generator Market: Developed vs  Developing Nations, 2015-2020
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 36)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 Heat Recovery Steam Generator Market: By Rated Power
           5.2.2 Heat Recovery Steam Generator Market: By Application
           5.2.3 Heat Recovery Steam Generator Market: By End-User
           5.2.4 Heat Recovery Steam Generator Market: By Region
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Efforts to Reduce Global Greenhouse Gas Emissions & Growing Adoption of Ccpps and CHP
                    5.3.1.2 Economic Benefits of Implementing the Heat Recovery Steam Generator
                    5.3.1.3 Increasing Global Electricity Demand & Subsequent Investments in Power Plants
           5.3.2 Restraints
                    5.3.2.1 Problems Associated With Flow Accelerated Corrosion
           5.3.3 Opportunities
                    5.3.3.1 Investments in Ccpp & CHP Plants in the Middle East & Africa
                    5.3.3.2 Conversion of Simple Cycle Power Plants to Ccpps
           5.3.4 Challenges
                    5.3.4.1 Growing Focus on Renewable Sources for Power Generation
    5.4 Supply Chain Analysis
    5.5 Porter’s Five Forces Analysis
           5.5.1 Threat of New Entrants
           5.5.2 Threat of Substitutes
           5.5.3 Bargaining Power of Suppliers
           5.5.4 Bargaining Power of Buyers
           5.5.5 Intensity of Competitive Rivalry

6 Heat Recovery Steam Generator Market, By Rated Power (MW) (Page No. - 50)
    6.1 Introduction
    6.2 Heat Recovery Steam Generator With Rated Power Up to 30 MW
    6.3 Heat Recovery Steam Generator With Rated Power >30 MW

7 Heat Recovery Steam Generator Market, By Application (Page No. - 54)
    7.1 Introduction
    7.2 Combined Heat & Power
    7.3 Combined Cycle

8 Heat Recovery Steam Generator Market, By End-User (Page No. - 58)
    8.1 Introduction
    8.2 Utilities
    8.3 Chemicals
    8.4 Refineries
    8.5 Pulp & Paper
    8.6 Commercial
    8.7 Others

9 Heat Recovery Steam Generator Market, By Region (Page No. - 72)
    9.1 Introduction
    9.2 Asia-Pacific
           9.2.1 China
           9.2.2 India
           9.2.3 Japan
    9.3 Europe
           9.3.1 U.K.
           9.3.2 Russia
           9.3.3 Germany
    9.4 North America
           9.4.1 U.S.
           9.4.2 Canada
           9.4.3 Mexico
    9.5 Rest of World

10 Competitive Landscape (Page No. - 94)
     10.1 Overview
     10.2 Competitive Situation & Trends
     10.3 Contracts & Agreements
     10.4 Expansion
     10.5 Mergers & Acquisitions

11 Company Profiles (Page No. - 101)
(Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments)*
     11.1 Introduction
     11.2 General Electric Company
     11.3 Siemens AG
     11.4 AMEC Foster Wheeler PLC
     11.5 Babcock & Wilcox Company
     11.6 Doosan Engineering & Construction Co., Ltd.
     11.7 Thermax Limited
     11.8 Cleaver Brooks
     11.9 CMI Group
     11.10 Greens Power Limited
     11.11 Kelvion Holding Gmbh
     11.12 Nooter/Eriksen, Inc.

*Details on Company at A Glance, Recent Financials, Products & Services, Strategies & Insights, & Recent Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 127)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Developments
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (70 Tables)

Table 1 Growing Adoption of Ccpps and CHP Plants is A Key Factor Driving the Heat Recovery Steam Generator Market
Table 2 Problems Associated With Flow Accelerated Corrosion is Restraining the Growth of the Heat Recovery Steam Generator Market
Table 3 Simple Cycle to Ccpp Conversion is an Opportunity in this Market
Table 4 The Focus on Renewable Sources for Power Generation is A Challenge for the Heat Recovery Steam Generator Market
Table 5 By Market Size, By Rated Power, 2013–2020 (USD Million)
Table 6 Heat Recovery Steam Generator: Rated Power > 30 MW Market Size, By Application, 2013-2020 (USD Million)
Table 7 By Market Size, By Application, 2013-2020, (USD Million)
Table 8 Heat Recovery Steam Generator: Combined Heat & Power Market Size, By Rated Power, 2013-2020 (USD Million)
Table 9 Heat Recovery Steam Generator: Combined Heat & Power Market Size, By Region, 2013-2020 (USD Million)
Table 10 Heat Recovery Steam Generator: Combined Cycle Market Size, By Region, 2013-2020 (USD Million)
Table 11 Heat Recovery Steam Generator Market Size, By End-User, 2013–2020 (USD Million)
Table 12 Heat Recovery Steam Generator: Utilities Market Size, By Application, 2013–2020 (USD Million)
Table 13 Heat Recovery Steam Generator: Utilities Market Size, By Rated Power, 2013-2020 (USD Million)
Table 14 Heat Recovery Steam Generator: Utilities Market Size, By Region, 2013-2020 (USD Million)
Table 15 Heat Recovery Steam Generator: Utilities Market Size, By Country, 2013-2020 (USD Million)
Table 16 Heat Recovery Steam Generator: Chemicals Market Size, By Rated Power, 2013-2020 (USD Million)
Table 17 Heat Recovery Steam Generator: Chemicals Market Size, By Region, 2013-2020 (USD Million)
Table 18 Heat Recovery Steam Generator: Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 19 Heat Recovery Steam Generator: Refineries Market Size, By Rated Power, 2013–2020 (USD Million)
Table 20 Heat Recovery Steam Generator: Refineries Market Size, By Region, 2013-2020 (USD Million)
Table 21 Heat Recovery Steam Generator: Refineries Market Size, By Country, 2013-2020 (USD Million)
Table 22 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Rated Power, 2013–2020 (USD Million)
Table 23 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Region, 2013-2020 (USD Million)
Table 24 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 25 Heat Recovery Steam Generator: Commercial Market Size, By Rated Power, 2013–2020 (USD Million)
Table 26 Heat Recovery Steam Generator: Commercial Market Size, By Region, 2013-2020 (USD Million)
Table 27 Heat Recovery Steam Generator: Commercial Market Size, By Country, 2013-2020 (USD Million)
Table 28 Heat Recovery Steam Generator: Others Market Size, By Rated Power, 2013–2020 (USD Million)
Table 29 Heat Recovery Steam Generator: Others Market Size, By Region, 2013-2020 (USD Million)
Table 30 Heat Recovery Steam Generator: Others Market Size, By Country, 2013-2020 (USD Million)
Table 31 Heat Recovery Steam Generator Market Size, By Region, 2013–2020 (USD Million)
Table 32 Asia-Pacific: By Market Size, By Country, 2013–2020 (USD Million)
Table 33 Asia-Pacific: By Market Size, By Application, 2013–2020 (USD Million)
Table 34 Asia-Pacific: By Market Size, By End-User, 2013–2020 (USD Million)
Table 35 Asia-Pacific: Heat Recovery Steam Generator Utilities Market Size, By Country, 2013-2020 (USD Million)
Table 36 Asia-Pacific: Heat Recovery Steam Generator Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 37 Asia-Pacific: Heat Recovery Steam Generator Refineries Market Size, By Country, 2013-2020 (USD Million)
Table 38 Asia-Pacific: Heat Recovery Steam Generator Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 39 Asia-Pacific: Heat Recovery Steam Generator Commercial Market Size, By Country, 2013-2020 (USD Million)
Table 40 China: By Market Size, By End-User, 2013–2020 (USD Million)
Table 41 India: By Market Size, By End-User, 2013–2020 (USD Million)
Table 42 Japan: By Market Size, By End-User, 2013–2020 (USD Million)
Table 43 Europe: By Market Size, By Country, 2013–2020 (USD Million)
Table 44 Europe: By Market Size, By Application, 2013–2020 (USD Million)
Table 45 Europe: By Market Size, By End-User, 2013–2020 (USD Million)
Table 46 Europe: Heat Recovery Steam Generator Utilities Market Size, By Country, 2013-2020 (USD Million)
Table 47 Europe: Heat Recovery Steam Generator Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 48 Europe: Heat Recovery Steam Generator Refineries Market Size, By Country, 2013-2020, (USD Million)
Table 49 Europe: Heat Recovery Steam Generator Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 50 Europe: Heat Recovery Steam Generator Commercial Market Size, By Country, 2013-2020 (USD Million)
Table 51 U.K.: By Market Size, By End-User, 2013-2020 (USD Million)
Table 52 Russia: By Market Size, By End-User, 2013-2020 (USD Million)
Table 53 Germany: By Market Size, By End-User, 2013–2020 (USD Million)
Table 54 North America: By Market Size, By Country, 2013–2020 (USD Million)
Table 55 North America: By Market Size, By Application, 2013–2020 (USD Million)
Table 56 North America: By Market Size, By End-User, 2013–2020 (USD Million)
Table 57 North America: Heat Recovery Steam Generator Utilites Market Size, By Country, 2013-2020 (USD Million)
Table 58 North America: Heat Recovery Steam Generator Chemicals Market Size, By Country, 2013-2020 (USD Million)
Table 59 North America: Heat Recovery Steam Generator Refineries Market Size, By Country, 2013-2020 (USD Million)
Table 60 North America: Heat Recovery Steam Generator Pulp & Paper Market Size, By Country, 2013-2020 (USD Million)
Table 61 North America: Heat Recovery Steam Generator Commercials Market Size, By Country, 2013-2020 (USD Million)
Table 62 U.S.: By Market Size, By End-User, 2013–2020 (USD Million)
Table 63 Canada: By Market Size, By End-User, 2013–2020 (USD Million)
Table 64 Mexico: By Market Size, By End-User, 2013–2020 (USD Million)
Table 65 Rest of the World: By Market Size, By Application, 2013–2020 (USD Million)
Table 66 Contracts & Agreements, 2014–2016
Table 67 Expansions, 2013–2015
Table 68 Mergers & Acquisitions, 2011–2015
Table 69 Contracts & Agreements, 2012 - 2015
Table 70 New Product Launches, 2013 - 2014


List of Figures (59 Figures)

Figure 1 Heat Recovery Steam Generator Market: Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Evolution of Heat Recovery Steam Generators
Figure 7 Europe Dominated the Heat Recovery Steam Generator Market in 2014
Figure 8 Europe is A Potential Market for Heat Recovery Steam Generators
Figure 9 Combined Cycle is the Largest Segment, By Application, 2015–2020
Figure 10 Heat Recovery Steam Generator Market Size, By Rated Capacity, 2015-2020 (USD Million)
Figure 11 The Utilities Segment is Likely to Dominate the Heat Recovery Steam Generator During the Forecast Period
Figure 12 Siemens AG Was the Most Active Company in Terms of Market Developments From 2012 to 2015
Figure 13 Upcoming Combined Cycle Power Plant, CHP, & Simple Cycle to Combined Cycle Power Plant Conversion Projects Offer Lucrative Opportunities
Figure 14 The Commercial Sector is Expected to Grow at the Highest Rate in the Global Market During the Forecast Period
Figure 15 The Combined Cycle Application & >30 MW Rated Power Segment are Estimated to Hold the Largest Market Shares in 2015
Figure 16 The Heat Recovery Steam Generator Market in Asia-Pacific is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 17 Developing Economies in Asia-Pacific are Expected to Grow at the Fastest Rate During the Forecast Period
Figure 18 The Heat Recovery Steam Generator Market in Asia-Pacific is Expected to Grow at the Highest Rate During the Forecast Period
Figure 19 Heat Recovery Steam Generator Market Segmentation
Figure 20 Heat Recovery Steam Generator Market: By Rated Power
Figure 21 Heat Recovery Steam Generator Market: By Application
Figure 22 Heat Recovery Steam Generator Market: By End-User
Figure 23 Heat Recovery Steam Generator Market: By Region
Figure 24 Increasing Use of CCPPS and CHP to Propel the Heat Recovery Steam Generator Market
Figure 25 Global Co2 Emissions From Fossil Fuel Use and Cement Production, 1994–2014
Figure 26 Electric Power Consumption and Urban Population Growth, 1992–2002
Figure 27 Electricity Production From Renewable Sources, Excluding Hydroelectric (Kwh), 1992–2002
Figure 28 Supply Chain Analysis: Heat Recovery Steam Generator Market
Figure 29 Porter’s Five Forces Analysis: Heat Recovery Steam Generator Market
Figure 30 The Rated Power > 30 MW Segment is Expected to Dominate the Market During the Forecast Period
Figure 31 Heat Recovery Steam Generator: Rated Power Up to 30 MW Market Size, , 2013-2020 (USD Million)
Figure 32 Heat Recovery Steam Generator: Combined Cycle Market Size, By Rated Power, 2013-2020 (USD Million)
Figure 33 The Utilities Segment is Estimated to Account for the Largest Market Share (Value) in 2015
Figure 34 Heat Recovery Steam Generator: Chemicals Market Size, By Application, 2013-2020 (USD Million)
Figure 35 Heat Recovery Steam Generator: Refineries Market Size, By Application, 2013-2020 (USD Million)
Figure 36 Heat Recovery Steam Generator: Pulp & Paper Market Size, By Application, 2013-2020 (USD Million)
Figure 37 Heat Recovery Steam Generator: Commercial Market Size, By Application, 2013-2020 (USD Million)
Figure 38 Heat Recovery Steam Generator: Others Market Size, By Application, 2013-2020 (USD Million)
Figure 39 Regional Snapshot (2014): Growing Markets are Emerging as New Hot Spots
Figure 40 Heat Recovery Steam Generator Market Size, By Region, 2015–2020 (USD Million)
Figure 41 Asia-Pacific: By Market Overview
Figure 42 Europe: Market Overview
Figure 43 Companies Adopted Contracts & Agreements as the Key Growth Strategy From 2012 to 2015
Figure 44 Battle for Market Share: Contracts & Agreements Was the Key Strategy Adopted By Top Players, From 2012 to 2015
Figure 45 Market Leaders Based on Recent Developments, From 2012 to 2015
Figure 46 Market Evolution Framework: Contracts & Agreements Supplemented the Market Growth, From 2012 to 2015
Figure 47 Regional Mix of the Top Players
Figure 48 General Electric Company: Company Snapshot
Figure 49 General Electric Company: SWOT Analysis
Figure 50 Siemens AG: Company Snapshot
Figure 51 Siemens AG: SWOT Analysis
Figure 52 AMEC Foster Wheeler PLC: Company Snapshot
Figure 53 AMEC Foster Wheeler PLC: SWOT Analysis
Figure 54 Babcock & Wilcox Company: Company Snapshot
Figure 55 Babcock & Wilcox Company: SWOT Analysis
Figure 56 Doosan Engineering & Construction Co., Ltd.: Company Snapshot
Figure 57 Doosan Engineering & Construction Co., Ltd.: SWOT Analysis
Figure 58 Thermax Limited: Company Snapshot
Figure 59 CMI Group: Company Snapshot

The global heat recovery steam generator market is projected to grow at a CAGR of 3.7% from 2015 to 2020 to reach USD 888.20 Million by 2020. Increasing global electricity demand, subsequent investments in power plants, increasing efforts to reduce global greenhouse gas emissions, and growing adoption of CCPP & CHP are the factors driving the heat recovery steam generator market.

Applications of heat recovery steam generators are not limited to use in CCPP and CHP plants alone. They are also used in biomass and integrated solar combined cycle (ISCC) power plants.

The report segments the heat recovery steam generator market on the basis of its application in various end-user industries, which include utilities, chemicals, refineries, pulp & paper, commercial, and other industries. Based on its rated power, the heat recovery steam generator market has been categorized in the following MW ranges, namely, up to 30 MW and >30 MW. The market has also been categorized on the basis of application into combined cycle and CHP.

The CHP segment accounted for more than 50% of the total market share in 2014. Cogeneration or CHP is a technology through which electricity and heat are simultaneously produced. It is highly efficient and can achieve primary energy savings by nearly 40%. Moreover, it is installed close to the end-user, which would help in reducing T&D losses. The typical recoverable temperature ranges from 90oC to 400oC, which are used for district heating or cooling and other factory processes.

In this report, the heat recovery steam generator market has been analyzed with respect to four regions, namely, Europe, Asia-Pacific, North America, and Rest of the World (RoW). The European region is currently the largest market, followed by Asia-Pacific and North America. Europe would continue to dominate the market, as it has the highest number of CHP plants in the world, and Asia-Pacific is expected to grow at the fastest pace. Factors such as urbanization, industrialization, and fast economic growth necessitates huge requirement for electric power in various countries in the Asia-Pacific region, which demands development of new power plants, especially gas-fired ones; this in turn would increase the demand for heat recovery steam generators. The figure below shows the market sizes for all the regions from 2015 to 2020.

Heat Recovery Steam Generator Market

The demand for heat recovery steam generators can be directly linked to the development in CCPP and CHP plants. However, some operators still prefer open or simple cycle power plants as they are less complex, less expensive, and faster to construct. They also require considerably less space and equipment for operation when compared to CCPP. Most importantly, they do not require heat recovery steam generators. This is the major restraint of the market growth. Apart from that, problems associated with flow accelerated corrosion in heat recovery steam generators are also restraining the growth in the market.

Some of the leading players in the heat recovery steam generator market include General Electric Company (U.S.), Siemens AG (Germany), Amec Foster Wheeler plc. (U.K.), Babcock & Wilcox Company (U.S.), CMI Group (Belgium), and Doosan Engineering & Construction Co., Ltd. (South Korea), among others. Contracts & agreements was the most common strategy adopted by top players in the market, constituting more than three quarters of the total development share. It was followed by expansions and mergers & acquisitions.

Available Customizations Title

Client Consult Problem Statement :

MnM’s client who is one of the leading manufacturer of Electric Heat Tracing (EHT) systems was interested in project involving “Assessment of Electric Heat Tracing Systems market and detailed by applications and geography”. The key objective for the study involved :

  1. In-depth analysis of Electric Heat Tracing systems market for Residential, Commercial, and Industrial and by different geographic with a country level market
  2. Detailed supply chain, pricing analysis and competitor analysis
  3. The application is been further segmented by their sub-application such as Long Heating, Freeze protection of pipes/tanks, and many more

Solution Provided:
  1. Methodology Adopted by MnM : MnM carried out a detailed search of the public domain an....
  1. Methodology Adopted by MnM : MnM carried out a detailed search of the public domain and its own proprietary & non-proprietory database on target Electric Heat Tracing (EHT) systems market to orient the project, develop the industry structure including, manufacturers/suppliers, distributors, customers, associations, regulatory authorities and allied stakeholders. Exhaustive interviews were conducted from sales, marketing, production, R&D, technical experts using a semi-structured Discussion Guide to understand and provide the in-depth analysis of the market. These interviews were used to draw out information such as major customers, end user industry demand, customers activity, trends, future growth, etc. Similarly among regulatory authorities, associations and others bodies, MnM also obtained detailed information on market sizes, usage trends, future growth prospective for target end user industries along with the major consumer details.
  2. Actual Solution Provided: - Through the detailed outcome of the study, we provided inputs on-
    • Market size of the Electric Heating Tracing (EHT) systems market by application and sub-application, and geographic regions
    • Supply chain analysis of the Electric Heating Tracing (EHT) systems market by different stakeholders
    • Developments trends in the Electric Heating Tracing (EHT) systems market and the competitors analysis, applications and various other parameters, comparative SWOT analysis of the Electric Heating Tracing (EHT) systems manufacturers

Value Delivered:

MnM’s client was able to understand the current scenario of the Electric Heating Tracing (EHT) systems market. Also, the market forecasts were provided to focus client’s attention to the high growth markets of Electric Heating Tracing (EHT) systems.

  • The strategical analyzing the micro-markets with respect to individual growth trends, future prospects, and contribution to the total Electric Heat Tracing (EHT) systems market

The application and sub-application market with the market size and their product line also helped the client to target the new customers in different application segments in various geographies

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