Global Heat Recovery Steam Generator (HRSG) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global Heat Recovery Steam Generator (HRSG) Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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 our (Global Info Research) latest study, the global Heat Recovery Steam Generator (HRSG) market size was valued at US$ 2099 million in 2023 and is forecast to a readjusted size of USD 2432 million by 2030 with a CAGR of 2.1% during review period.

Global Heat Recovery Steam Generator (HRSG) key players include Nooter Eriksen, BHI, CMI Energy, Doosan E&C, etc. Global top four manufacturers hold a share over 30%.

North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.

In terms of product, 100MW-300MW is the largest segment, with a share over 55%. And in terms of application, the largest application is Power Station, followed by Industrial Production.

This report is a detailed and comprehensive analysis for global Heat Recovery Steam Generator (HRSG) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global Heat Recovery Steam Generator (HRSG) market size and forecasts, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/MW), 2019-2030

Global Heat Recovery Steam Generator (HRSG) market size and forecasts by region and country, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/MW), 2019-2030

Global Heat Recovery Steam Generator (HRSG) market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (MW), and average selling prices (USD/MW), 2019-2030

Global Heat Recovery Steam Generator (HRSG) market shares of main players, shipments in revenue ($ Million), sales quantity (MW), and ASP (USD/MW), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Heat Recovery Steam Generator (HRSG)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Heat Recovery Steam Generator (HRSG) market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan E&C, Siemens (NEM Energy), VOGT Power, STF, Babcock & Wilcox, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Heat Recovery Steam Generator (HRSG) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Below 50MW
50MW-100MW
100MW-300MW
Over 300MW

Market segment by Application
Power Station
Industrial Production

Major players covered
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

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Heat Recovery Steam Generator (HRSG) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Heat Recovery Steam Generator (HRSG), with price, sales quantity, revenue, and global market share of Heat Recovery Steam Generator (HRSG) from 2019 to 2024.

Chapter 3, the Heat Recovery Steam Generator (HRSG) competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Heat Recovery Steam Generator (HRSG) breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and Heat Recovery Steam Generator (HRSG) market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Heat Recovery Steam Generator (HRSG).

Chapter 14 and 15, to describe Heat Recovery Steam Generator (HRSG) sales channel, distributors, customers, research findings and conclusion.