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Global Heat Recovery Steam Generator (HRSG) Market Research Report 2025

Global Heat Recovery Steam Generator (HRSG) Market Research Report 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1408832

No of Pages : 101

Synopsis
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).
The global Heat Recovery Steam Generator (HRSG) market was valued at US$ 1991 million in 2023 and is anticipated to reach US$ 2324.6 million by 2030, witnessing a CAGR of 2.2% during the forecast period 2024-2030.
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 aims to provide a comprehensive presentation of the global market for Heat Recovery Steam Generator (HRSG), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Heat Recovery Steam Generator (HRSG).
Report Scope
The Heat Recovery Steam Generator (HRSG) market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Heat Recovery Steam Generator (HRSG) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Heat Recovery Steam Generator (HRSG) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
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
Segment by Type
Below 50MW
50MW-100MW
100MW-300MW
Over 300MW
Segment by Application
Power Station
Industrial Production
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Heat Recovery Steam Generator (HRSG) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Heat Recovery Steam Generator (HRSG) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: 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 5: 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 6: 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 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index
1 Heat Recovery Steam Generator (HRSG) Market Overview
1.1 Product Definition
1.2 Heat Recovery Steam Generator (HRSG) Segment by Type
1.2.1 Global Heat Recovery Steam Generator (HRSG) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Below 50MW
1.2.3 50MW-100MW
1.2.4 100MW-300MW
1.2.5 Over 300MW
1.3 Heat Recovery Steam Generator (HRSG) Segment by Application
1.3.1 Global Heat Recovery Steam Generator (HRSG) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Power Station
1.3.3 Industrial Production
1.4 Global Market Growth Prospects
1.4.1 Global Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Heat Recovery Steam Generator (HRSG) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Heat Recovery Steam Generator (HRSG) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Heat Recovery Steam Generator (HRSG) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Manufacturers (2019-2024)
2.2 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Heat Recovery Steam Generator (HRSG), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Heat Recovery Steam Generator (HRSG) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Heat Recovery Steam Generator (HRSG) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Product Offered and Application
2.8 Global Key Manufacturers of Heat Recovery Steam Generator (HRSG), Date of Enter into This Industry
2.9 Heat Recovery Steam Generator (HRSG) Market Competitive Situation and Trends
2.9.1 Heat Recovery Steam Generator (HRSG) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Heat Recovery Steam Generator (HRSG) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Heat Recovery Steam Generator (HRSG) Production by Region
3.1 Global Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2019-2030)
3.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Heat Recovery Steam Generator (HRSG) by Region (2025-2030)
3.3 Global Heat Recovery Steam Generator (HRSG) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Heat Recovery Steam Generator (HRSG) Production by Region (2019-2030)
3.4.1 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Heat Recovery Steam Generator (HRSG) by Region (2025-2030)
3.5 Global Heat Recovery Steam Generator (HRSG) Market Price Analysis by Region (2019-2024)
3.6 Global Heat Recovery Steam Generator (HRSG) Production and Value, Year-over-Year Growth
3.6.1 North America Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2019-2030)
4 Heat Recovery Steam Generator (HRSG) Consumption by Region
4.1 Global Heat Recovery Steam Generator (HRSG) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2019-2030)
4.2.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2019-2024)
4.2.2 Global Heat Recovery Steam Generator (HRSG) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Heat Recovery Steam Generator (HRSG) Production by Type (2019-2030)
5.1.1 Global Heat Recovery Steam Generator (HRSG) Production by Type (2019-2024)
5.1.2 Global Heat Recovery Steam Generator (HRSG) Production by Type (2025-2030)
5.1.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2019-2030)
5.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2019-2030)
5.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2019-2024)
5.2.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2025-2030)
5.2.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2019-2030)
5.3 Global Heat Recovery Steam Generator (HRSG) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Heat Recovery Steam Generator (HRSG) Production by Application (2019-2030)
6.1.1 Global Heat Recovery Steam Generator (HRSG) Production by Application (2019-2024)
6.1.2 Global Heat Recovery Steam Generator (HRSG) Production by Application (2025-2030)
6.1.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2019-2030)
6.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2019-2030)
6.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2019-2024)
6.2.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2025-2030)
6.2.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2019-2030)
6.3 Global Heat Recovery Steam Generator (HRSG) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 BHI
7.1.1 BHI Heat Recovery Steam Generator (HRSG) Corporation Information
7.1.2 BHI Heat Recovery Steam Generator (HRSG) Product Portfolio
7.1.3 BHI Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 BHI Main Business and Markets Served
7.1.5 BHI Recent Developments/Updates
7.2 Foster Wheeler
7.2.1 Foster Wheeler Heat Recovery Steam Generator (HRSG) Corporation Information
7.2.2 Foster Wheeler Heat Recovery Steam Generator (HRSG) Product Portfolio
7.2.3 Foster Wheeler Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Foster Wheeler Main Business and Markets Served
7.2.5 Foster Wheeler Recent Developments/Updates
7.3 Nooter Eriksen
7.3.1 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Corporation Information
7.3.2 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Product Portfolio
7.3.3 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Nooter Eriksen Main Business and Markets Served
7.3.5 Nooter Eriksen Recent Developments/Updates
7.4 CMI Energy
7.4.1 CMI Energy Heat Recovery Steam Generator (HRSG) Corporation Information
7.4.2 CMI Energy Heat Recovery Steam Generator (HRSG) Product Portfolio
7.4.3 CMI Energy Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 CMI Energy Main Business and Markets Served
7.4.5 CMI Energy Recent Developments/Updates
7.5 Alstom Power
7.5.1 Alstom Power Heat Recovery Steam Generator (HRSG) Corporation Information
7.5.2 Alstom Power Heat Recovery Steam Generator (HRSG) Product Portfolio
7.5.3 Alstom Power Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Alstom Power Main Business and Markets Served
7.5.5 Alstom Power Recent Developments/Updates
7.6 Doosan E&C
7.6.1 Doosan E&C Heat Recovery Steam Generator (HRSG) Corporation Information
7.6.2 Doosan E&C Heat Recovery Steam Generator (HRSG) Product Portfolio
7.6.3 Doosan E&C Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Doosan E&C Main Business and Markets Served
7.6.5 Doosan E&C Recent Developments/Updates
7.7 Siemens (NEM Energy)
7.7.1 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Corporation Information
7.7.2 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Product Portfolio
7.7.3 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Siemens (NEM Energy) Main Business and Markets Served
7.7.5 Siemens (NEM Energy) Recent Developments/Updates
7.8 VOGT Power
7.8.1 VOGT Power Heat Recovery Steam Generator (HRSG) Corporation Information
7.8.2 VOGT Power Heat Recovery Steam Generator (HRSG) Product Portfolio
7.8.3 VOGT Power Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 VOGT Power Main Business and Markets Served
7.7.5 VOGT Power Recent Developments/Updates
7.9 STF
7.9.1 STF Heat Recovery Steam Generator (HRSG) Corporation Information
7.9.2 STF Heat Recovery Steam Generator (HRSG) Product Portfolio
7.9.3 STF Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 STF Main Business and Markets Served
7.9.5 STF Recent Developments/Updates
7.10 Babcock & Wilcox
7.10.1 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Corporation Information
7.10.2 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Product Portfolio
7.10.3 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Babcock & Wilcox Main Business and Markets Served
7.10.5 Babcock & Wilcox Recent Developments/Updates
7.11 Mitsubishi
7.11.1 Mitsubishi Heat Recovery Steam Generator (HRSG) Corporation Information
7.11.2 Mitsubishi Heat Recovery Steam Generator (HRSG) Product Portfolio
7.11.3 Mitsubishi Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Mitsubishi Main Business and Markets Served
7.11.5 Mitsubishi Recent Developments/Updates
7.12 Hangzhou Boiler
7.12.1 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Corporation Information
7.12.2 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Product Portfolio
7.12.3 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Hangzhou Boiler Main Business and Markets Served
7.12.5 Hangzhou Boiler Recent Developments/Updates
7.13 Bharat Heavy Electricals
7.13.1 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Corporation Information
7.13.2 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Product Portfolio
7.13.3 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.13.4 Bharat Heavy Electricals Main Business and Markets Served
7.13.5 Bharat Heavy Electricals Recent Developments/Updates
7.14 Wuxi Huaguang
7.14.1 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Corporation Information
7.14.2 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Product Portfolio
7.14.3 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Production, Value, Price and Gross Margin (2019-2024)
7.14.4 Wuxi Huaguang Main Business and Markets Served
7.14.5 Wuxi Huaguang Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Heat Recovery Steam Generator (HRSG) Industry Chain Analysis
8.2 Heat Recovery Steam Generator (HRSG) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Heat Recovery Steam Generator (HRSG) Production Mode & Process
8.4 Heat Recovery Steam Generator (HRSG) Sales and Marketing
8.4.1 Heat Recovery Steam Generator (HRSG) Sales Channels
8.4.2 Heat Recovery Steam Generator (HRSG) Distributors
8.5 Heat Recovery Steam Generator (HRSG) Customers
9 Heat Recovery Steam Generator (HRSG) Market Dynamics
9.1 Heat Recovery Steam Generator (HRSG) Industry Trends
9.2 Heat Recovery Steam Generator (HRSG) Market Drivers
9.3 Heat Recovery Steam Generator (HRSG) Market Challenges
9.4 Heat Recovery Steam Generator (HRSG) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer

Published By : QY Research

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