Growing Electricity Demand and Increasing Enviromental Concerns Driving the HRSG Market in Asia-Pacific Region

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.

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