Global Heat Recovery Steam Generator (HRSG) Market by Size, by Type, by Application, by Region, History and Forecast 2019-2030

Global Heat Recovery Steam Generator (HRSG) Market by Size, by Type, by Application, by Region, History and Forecast 2019-2030


Summary

A heat recovery steam generator or HRSG is an energy recovery heat exchanger that recovers heat from a hot gas stream. It produces steam that can be used in a process (cogeneration) or used to drive a steam turbine (combined cycle).

According to APO Research, The global Heat Recovery Steam Generator (HRSG) market is projected to grow from US$ million in 2024 to US$ million by 2030, at a Compound Annual Growth Rate (CAGR) of % during the forecast period.

The US & Canada market for Heat Recovery Steam Generator (HRSG) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Asia-Pacific market for Heat Recovery Steam Generator (HRSG) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The China market for Heat Recovery Steam Generator (HRSG) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

Europe market for Heat Recovery Steam Generator (HRSG) is estimated to increase from $ million in 2024 to reach $ million by 2030, at a CAGR of % during the forecast period of 2025 through 2030.

The major global manufacturers of Heat Recovery Steam Generator (HRSG) include BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan E&C, Siemens (NEM Energy), VOGT Power and STF, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.

In terms of production side, this report researches the Heat Recovery Steam Generator (HRSG) production, growth rate, market share by manufacturers and by region (region level and country level), from 2019 to 2024, and forecast to 2030.

In terms of consumption side, this report focuses on the sales of Heat Recovery Steam Generator (HRSG) by region (region level and country level), by company, by type and by application. from 2019 to 2024 and forecast to 2030.

This report presents an overview of global market for Heat Recovery Steam Generator (HRSG), capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2019 - 2023, estimates for 2024, and projections of CAGR through 2030.

This report researches the key producers of Heat Recovery Steam Generator (HRSG), also provides the consumption of main regions and countries. Of the upcoming market potential for Heat Recovery Steam Generator (HRSG), and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Heat Recovery Steam Generator (HRSG) sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the global Heat Recovery Steam Generator (HRSG) market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by type and by application, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Heat Recovery Steam Generator (HRSG) sales, projected growth trends, production technology, application and end-user industry.

Heat Recovery Steam Generator (HRSG) segment by Company

BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
Siemens (NEM Energy)
VOGT Power
STF
Babcock & Wilcox
Mitsubishi
Hangzhou Boiler
Bharat Heavy Electricals
Wuxi Huaguang
Heat Recovery Steam Generator (HRSG) segment by Type

Below 50MW
50MW-100MW
100MW-300MW
Over 300MW
Heat Recovery Steam Generator (HRSG) segment by Application

Power Station
Industrial Production
Heat Recovery Steam Generator (HRSG) segment by Region

North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia

Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Heat Recovery Steam Generator (HRSG) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Heat Recovery Steam Generator (HRSG) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Heat Recovery Steam Generator (HRSG).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Heat Recovery Steam Generator (HRSG) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2019-2030).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Heat Recovery Steam Generator (HRSG) industry.
Chapter 3: Detailed analysis of Heat Recovery Steam Generator (HRSG) market competition landscape. Including Heat Recovery Steam Generator (HRSG) manufacturers' output value, output and average price from 2019 to 2024, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Heat Recovery Steam Generator (HRSG) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Heat Recovery Steam Generator (HRSG) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.


1 Market Overview
1.1 Product Definition
1.2 Global Market Growth Prospects
1.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
1.2.2 Global Heat Recovery Steam Generator (HRSG) Production Capacity Estimates and Forecasts (2019-2030)
1.2.3 Global Heat Recovery Steam Generator (HRSG) Production Estimates and Forecasts (2019-2030)
1.2.4 Global Heat Recovery Steam Generator (HRSG) Market Average Price (2019-2030)
1.3 Assumptions and Limitations
1.4 Study Goals and Objectives
2 Global Heat Recovery Steam Generator (HRSG) Market Dynamics
2.1 Heat Recovery Steam Generator (HRSG) Industry Trends
2.2 Heat Recovery Steam Generator (HRSG) Industry Drivers
2.3 Heat Recovery Steam Generator (HRSG) Industry Opportunities and Challenges
2.4 Heat Recovery Steam Generator (HRSG) Industry Restraints
3 Heat Recovery Steam Generator (HRSG) Market by Manufacturers
3.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Manufacturers (2019-2024)
3.2 Global Heat Recovery Steam Generator (HRSG) Production by Manufacturers (2019-2024)
3.3 Global Heat Recovery Steam Generator (HRSG) Average Price by Manufacturers (2019-2024)
3.4 Global Heat Recovery Steam Generator (HRSG) Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Heat Recovery Steam Generator (HRSG) Key Manufacturers Manufacturing Sites & Headquarters
3.6 Global Heat Recovery Steam Generator (HRSG) Manufacturers, Product Type & Application
3.7 Global Heat Recovery Steam Generator (HRSG) Manufacturers Commercialization Time
3.8 Market Competitive Analysis
3.8.1 Global Heat Recovery Steam Generator (HRSG) Market CR5 and HHI
3.8.2 Global Top 5 and 10 Heat Recovery Steam Generator (HRSG) Players Market Share by Production Value in 2023
3.8.3 2023 Heat Recovery Steam Generator (HRSG) Tier 1, Tier 2, and Tier 3
4 Heat Recovery Steam Generator (HRSG) Market by Type
4.1 Heat Recovery Steam Generator (HRSG) Type Introduction
4.1.1 Below 50MW
4.1.2 50MW-100MW
4.1.3 100MW-300MW
4.1.4 Over 300MW
4.2 Global Heat Recovery Steam Generator (HRSG) Production by Type
4.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Type (2019 VS 2023 VS 2030)
4.2.2 Global Heat Recovery Steam Generator (HRSG) Production by Type (2019-2030)
4.2.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2019-2030)
4.3 Global Heat Recovery Steam Generator (HRSG) Production Value by Type
4.3.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2019 VS 2023 VS 2030)
4.3.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2019-2030)
4.3.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2019-2030)
5 Heat Recovery Steam Generator (HRSG) Market by Application
5.1 Heat Recovery Steam Generator (HRSG) Application Introduction
5.1.1 Power Station
5.1.2 Industrial Production
5.2 Global Heat Recovery Steam Generator (HRSG) Production by Application
5.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Application (2019 VS 2023 VS 2030)
5.2.2 Global Heat Recovery Steam Generator (HRSG) Production by Application (2019-2030)
5.2.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2019-2030)
5.3 Global Heat Recovery Steam Generator (HRSG) Production Value by Application
5.3.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2019 VS 2023 VS 2030)
5.3.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2019-2030)
5.3.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2019-2030)
6 Company Profiles
6.1 BHI
6.1.1 BHI Comapny Information
6.1.2 BHI Business Overview
6.1.3 BHI Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.1.4 BHI Heat Recovery Steam Generator (HRSG) Product Portfolio
6.1.5 BHI Recent Developments
6.2 Foster Wheeler
6.2.1 Foster Wheeler Comapny Information
6.2.2 Foster Wheeler Business Overview
6.2.3 Foster Wheeler Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.2.4 Foster Wheeler Heat Recovery Steam Generator (HRSG) Product Portfolio
6.2.5 Foster Wheeler Recent Developments
6.3 Nooter Eriksen
6.3.1 Nooter Eriksen Comapny Information
6.3.2 Nooter Eriksen Business Overview
6.3.3 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.3.4 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Product Portfolio
6.3.5 Nooter Eriksen Recent Developments
6.4 CMI Energy
6.4.1 CMI Energy Comapny Information
6.4.2 CMI Energy Business Overview
6.4.3 CMI Energy Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.4.4 CMI Energy Heat Recovery Steam Generator (HRSG) Product Portfolio
6.4.5 CMI Energy Recent Developments
6.5 Alstom Power
6.5.1 Alstom Power Comapny Information
6.5.2 Alstom Power Business Overview
6.5.3 Alstom Power Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.5.4 Alstom Power Heat Recovery Steam Generator (HRSG) Product Portfolio
6.5.5 Alstom Power Recent Developments
6.6 Doosan E&C
6.6.1 Doosan E&C Comapny Information
6.6.2 Doosan E&C Business Overview
6.6.3 Doosan E&C Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.6.4 Doosan E&C Heat Recovery Steam Generator (HRSG) Product Portfolio
6.6.5 Doosan E&C Recent Developments
6.7 Siemens (NEM Energy)
6.7.1 Siemens (NEM Energy) Comapny Information
6.7.2 Siemens (NEM Energy) Business Overview
6.7.3 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.7.4 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Product Portfolio
6.7.5 Siemens (NEM Energy) Recent Developments
6.8 VOGT Power
6.8.1 VOGT Power Comapny Information
6.8.2 VOGT Power Business Overview
6.8.3 VOGT Power Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.8.4 VOGT Power Heat Recovery Steam Generator (HRSG) Product Portfolio
6.8.5 VOGT Power Recent Developments
6.9 STF
6.9.1 STF Comapny Information
6.9.2 STF Business Overview
6.9.3 STF Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.9.4 STF Heat Recovery Steam Generator (HRSG) Product Portfolio
6.9.5 STF Recent Developments
6.10 Babcock & Wilcox
6.10.1 Babcock & Wilcox Comapny Information
6.10.2 Babcock & Wilcox Business Overview
6.10.3 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.10.4 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Product Portfolio
6.10.5 Babcock & Wilcox Recent Developments
6.11 Mitsubishi
6.11.1 Mitsubishi Comapny Information
6.11.2 Mitsubishi Business Overview
6.11.3 Mitsubishi Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.11.4 Mitsubishi Heat Recovery Steam Generator (HRSG) Product Portfolio
6.11.5 Mitsubishi Recent Developments
6.12 Hangzhou Boiler
6.12.1 Hangzhou Boiler Comapny Information
6.12.2 Hangzhou Boiler Business Overview
6.12.3 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.12.4 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Product Portfolio
6.12.5 Hangzhou Boiler Recent Developments
6.13 Bharat Heavy Electricals
6.13.1 Bharat Heavy Electricals Comapny Information
6.13.2 Bharat Heavy Electricals Business Overview
6.13.3 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.13.4 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Product Portfolio
6.13.5 Bharat Heavy Electricals Recent Developments
6.14 Wuxi Huaguang
6.14.1 Wuxi Huaguang Comapny Information
6.14.2 Wuxi Huaguang Business Overview
6.14.3 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2019-2024)
6.14.4 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Product Portfolio
6.14.5 Wuxi Huaguang Recent Developments
7 Global Heat Recovery Steam Generator (HRSG) Production by Region
7.1 Global Heat Recovery Steam Generator (HRSG) Production by Region: 2019 VS 2023 VS 2030
7.2 Global Heat Recovery Steam Generator (HRSG) Production by Region (2019-2030)
7.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Region: 2019-2024
7.2.2 Global Heat Recovery Steam Generator (HRSG) Production by Region (2025-2030)
7.3 Global Heat Recovery Steam Generator (HRSG) Production by Region: 2019 VS 2023 VS 2030
7.4 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2019-2030)
7.4.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Region: 2019-2024
7.4.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2025-2030)
7.5 Global Heat Recovery Steam Generator (HRSG) Market Price Analysis by Region (2019-2024)
7.6 Regional Production Value Trends (2019-2030)
7.6.1 North America Heat Recovery Steam Generator (HRSG) Production Value (2019-2030)
7.6.2 Europe Heat Recovery Steam Generator (HRSG) Production Value (2019-2030)
7.6.3 Asia-Pacific Heat Recovery Steam Generator (HRSG) Production Value (2019-2030)
7.6.4 Latin America Heat Recovery Steam Generator (HRSG) Production Value (2019-2030)
7.6.5 Middle East & Africa Heat Recovery Steam Generator (HRSG) Production Value (2019-2030)
8 Global Heat Recovery Steam Generator (HRSG) Consumption by Region
8.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Region: 2019 VS 2023 VS 2030
8.2 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2019-2030)
8.2.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2019-2024)
8.2.2 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2025-2030)
8.3 North America
8.3.1 North America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.3.2 North America Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
8.3.3 U.S.
8.3.4 Canada
8.4 Europe
8.4.1 Europe Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.4.2 Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
8.4.3 Germany
8.4.4 France
8.4.5 U.K.
8.4.6 Italy
8.4.7 Netherlands
8.5 Asia Pacific
8.5.1 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.5.2 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
8.5.3 China
8.5.4 Japan
8.5.5 South Korea
8.5.6 Southeast Asia
8.5.7 India
8.5.8 Australia
8.6 LAMEA
8.6.1 LAMEA Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
8.6.2 LAMEA Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
8.6.3 Mexico
8.6.4 Brazil
8.6.5 Turkey
8.6.6 GCC Countries
9 Value Chain and Sales Channels Analysis
9.1 Heat Recovery Steam Generator (HRSG) Value Chain Analysis
9.1.1 Heat Recovery Steam Generator (HRSG) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Manufacturing Cost Structure
9.1.4 Heat Recovery Steam Generator (HRSG) Production Mode & Process
9.2 Heat Recovery Steam Generator (HRSG) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Heat Recovery Steam Generator (HRSG) Distributors
9.2.3 Heat Recovery Steam Generator (HRSG) Customers
10 Concluding Insights
11 Appendix
11.1 Reasons for Doing This Study
11.2 Research Methodology
11.3 Research Process
11.4 Authors List of This Report
11.5 Data Source
11.5.1 Secondary Sources
11.5.2 Primary Sources
11.6 Disclaimer

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