Increased energy transfer from oxy-fuel via heat recovery steam generators enables increased output in comparison with systems using air-fuel combustion.įavorable results are mainly attributed to higher heat associated with oxy-fuel combustion exhaust gas. In applications of heat recovery steam generators, using oxy-fuel has shown to improve efficiency drastically. The process also potentially increases output rates, reduces fuel consumption, and enhances sustainability in gas power plant settings. Oxy-fuel combustion offers numerous advantages, including reduced carbon dioxide emissions from combustion, reduced requirement for emission control equipment, and increased potential for carbon capture. The process of utilizing pure oxygen as an oxidant is known as oxy-fuel combustion. Combustion can be improved by using an oxidant that comprises high levels of oxygen found in atmospheric air. In renewable energy generation, air is a common oxidant that is used in various combustion processes.
Steam market generator#
Will Oxy-Fuel Applications Improve Heat Recovery Steam Generator Sales? Increased output, coupled with high cycle efficiency, low emission levels, and lower investment costs are prominent attractive features of combined cycle power generation.Īs heat recovery steam generators are vital components in combined cycles, increasing adoption of combined cycle for energy generation will translate into lucrative sales prospects of heat recovery steam generators in forthcoming years. Moreover, good thermodynamic properties of combined cycle plants facilitate the cogeneration of heat electricity. In addition, gas-burning combined cycle plants are ideal for use in heavily populated regions due to their high efficacy and low emission levels, making them a great source of clean energy. High overall plant efficacy, low investment costs, better operational flexibility, and phased installation are among the numerous advantages of combined cycles that are driving their adoption as compared to traditional fossil-fired power stations. It has been found that combine cycles can improve efficiency, economic and environmental aspects of power production through gas turbine cycles, and heat recovery steam generators significantly affect the economic and technical operation of combined cycles. The heat recovery steam generator supplies steam to steam turbine cycles to generate electricity, which is the most efficient way of power generation today. In basic forms of combined cycles, a gas turbine exhausting into a heat recovery steam generator is uses. In combined cycles, waste heat is transferred from gas turbine exhaust gases to water for generating steam for power production in the Rankine cycle. Heat recovery steam generators have a myriad of applications, out of which, combined cycles are gaining significant traction. Waste heat is derived from many industrial operations, which can be used for power generation by leveraging a heat recovery steam generator system. Renewable energy utilization, waste heat recovery, and combined cycle power generation have attracted immense interest in recent years. Growing energy demand and an alarming increase in greenhouse gas emissions have encouraged the development of advanced energy systems that potentially increase efficiency and enhance sustainability by reducing environmental impact. How Will Rising Adoption of Combined Cycle Power Plants Influence Heat Recovery Steam Generator Demand? Product customizations in heat recovery steam generators offered by OEMs and increasing investments in clean energy generating sources will continue augmenting market growth through 2031. Using these systems can significantly cut down greenhouse gas emissions and increase the efficacy of power plants, which in turn is driving their sales across various energy-producing industries. Heat recovery steam generators also termed waste heat boilers, recover the waste heat present in the exhaust gases of the gas turbine cycle to generate steam which is used to run a steam power cycle. These systems are integral components in combined cycle (gas turbine and steam power cycle) and are emerging as the most efficient energy conservation methods in recent trends. In the view of energy crisis, heat recovery steam generators are vital in the field of energy conservation. However, sales of heat recovery steam generators are anticipated to recover during the assessment period, with a year-over-year growth projection at 4.4% from 2020 to 2021. The unprecedented impacts of the COVID-19 outbreak further caused a sharp decline in sales of heat recovery steam generators. The global heat recovery steam generator market grew at a sluggish 3.9% CAGR between 20. Heat Recovery Steam Generator Market Historic Sales Compared to 2021-2031 Forecast Outlook