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Heat Recover Steam Generator-Global Market Insights and Sales Trends 2025

Heat Recover Steam Generator-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :
 

Report Code : 1863799

No of Pages : 107

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 Recover Steam Generator market size is expected to reach US$ 2789.3 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Heat Recover Steam Generator in various end use industries. The expanding demands from the Utilities, Chemicals, Refineries and Pulp & Paper, are propelling Heat Recover Steam Generator market. Vertical, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Horizontal segment is estimated at % CAGR for the next seven-year period.
Globally, the HRSG industry market is not that concentrated as the manufacturing technology of HRSG is relatively much more mature than some high-tech equipment. But some enterprises are still well-known for the wonderful performance of their HRSG and related services. At the same time, some countries such as South Korea, Italy and USA are remarkable in the global HRSG industry because of their market share and technology status of HRSG.

The consumption volume of HRSG is related to downstream industries and global economy. As there will always be some uncertain in the global economy in the following years, the growth rate of HRSG industry may not keep stable. But it is surely forecasted that the market of HRSG is still promising.

The product average price declined in the past few years due to the market competition, the average price will keep the trend in the few future years due to most of Chinese manufacturers will enter the industry.

The key drivers identified in heat recovery steam generator market are the growing need for energy efficient sources, allocation of government incentives for achieving better energy efficiency levels, reduction in carbon emissions, proposed investment plans in energy sector by government and major companies. However, high capital cost and limited product differentiation are the key challenges faced by manufacturers in heat recovery steam generator market.

Although the market competition of HRSG is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of HRSG and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Heat Recover Steam Generator, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Heat Recover Steam Generator market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Heat Recover Steam Generator market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Heat Recover Steam Generator sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Heat Recover Steam Generator covered in this report include BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan E&C, NEM Energy, VOGT Power and STF, etc.
The global Heat Recover Steam Generator market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
NEM Energy
VOGT Power
STF
Babcock & Wilcox
Mitsubishi
Hangzhou Boiler
703 Institute
Wuxi Huaguang
Global Heat Recover Steam Generator market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Heat Recover Steam Generator market, Segment by Type:
Vertical
Horizontal
Global Heat Recover Steam Generator market, by Application
Utilities
Chemicals
Refineries
Pulp & Paper
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Heat Recover Steam Generator manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Heat Recover Steam Generator in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Heat Recover Steam Generator Market Overview
1.1 Heat Recover Steam Generator Product Overview
1.2 Heat Recover Steam Generator Market Segment by Type
1.2.1 Vertical
1.2.2 Horizontal
1.3 Global Heat Recover Steam Generator Market Size by Type
1.3.1 Global Heat Recover Steam Generator Market Size Overview by Type (2018-2029)
1.3.2 Global Heat Recover Steam Generator Historic Market Size Review by Type (2018-2023)
1.3.3 Global Heat Recover Steam Generator Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Heat Recover Steam Generator Sales Breakdown by Type (2018-2023)
1.4.2 Europe Heat Recover Steam Generator Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Heat Recover Steam Generator Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Heat Recover Steam Generator Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Heat Recover Steam Generator Sales Breakdown by Type (2018-2023)
2 Global Heat Recover Steam Generator Market Competition by Company
2.1 Global Top Players by Heat Recover Steam Generator Sales (2018-2023)
2.2 Global Top Players by Heat Recover Steam Generator Revenue (2018-2023)
2.3 Global Top Players by Heat Recover Steam Generator Price (2018-2023)
2.4 Global Top Manufacturers Heat Recover Steam Generator Manufacturing Base Distribution, Sales Area, Product Type
2.5 Heat Recover Steam Generator Market Competitive Situation and Trends
2.5.1 Heat Recover Steam Generator Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Heat Recover Steam Generator Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Heat Recover Steam Generator as of 2022)
2.7 Date of Key Manufacturers Enter into Heat Recover Steam Generator Market
2.8 Key Manufacturers Heat Recover Steam Generator Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Heat Recover Steam Generator Status and Outlook by Region
3.1 Global Heat Recover Steam Generator Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Heat Recover Steam Generator Historic Market Size by Region
3.2.1 Global Heat Recover Steam Generator Sales in Volume by Region (2018-2023)
3.2.2 Global Heat Recover Steam Generator Sales in Value by Region (2018-2023)
3.2.3 Global Heat Recover Steam Generator Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Heat Recover Steam Generator Forecasted Market Size by Region
3.3.1 Global Heat Recover Steam Generator Sales in Volume by Region (2024-2029)
3.3.2 Global Heat Recover Steam Generator Sales in Value by Region (2024-2029)
3.3.3 Global Heat Recover Steam Generator Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Heat Recover Steam Generator by Application
4.1 Heat Recover Steam Generator Market Segment by Application
4.1.1 Utilities
4.1.2 Chemicals
4.1.3 Refineries
4.1.4 Pulp & Paper
4.1.5 Others
4.2 Global Heat Recover Steam Generator Market Size by Application
4.2.1 Global Heat Recover Steam Generator Market Size Overview by Application (2018-2029)
4.2.2 Global Heat Recover Steam Generator Historic Market Size Review by Application (2018-2023)
4.2.3 Global Heat Recover Steam Generator Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Heat Recover Steam Generator Sales Breakdown by Application (2018-2023)
4.3.2 Europe Heat Recover Steam Generator Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Heat Recover Steam Generator Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Heat Recover Steam Generator Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Heat Recover Steam Generator Sales Breakdown by Application (2018-2023)
5 North America Heat Recover Steam Generator by Country
5.1 North America Heat Recover Steam Generator Historic Market Size by Country
5.1.1 North America Heat Recover Steam Generator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Heat Recover Steam Generator Sales in Volume by Country (2018-2023)
5.1.3 North America Heat Recover Steam Generator Sales in Value by Country (2018-2023)
5.2 North America Heat Recover Steam Generator Forecasted Market Size by Country
5.2.1 North America Heat Recover Steam Generator Sales in Volume by Country (2024-2029)
5.2.2 North America Heat Recover Steam Generator Sales in Value by Country (2024-2029)
6 Europe Heat Recover Steam Generator by Country
6.1 Europe Heat Recover Steam Generator Historic Market Size by Country
6.1.1 Europe Heat Recover Steam Generator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Heat Recover Steam Generator Sales in Volume by Country (2018-2023)
6.1.3 Europe Heat Recover Steam Generator Sales in Value by Country (2018-2023)
6.2 Europe Heat Recover Steam Generator Forecasted Market Size by Country
6.2.1 Europe Heat Recover Steam Generator Sales in Volume by Country (2024-2029)
6.2.2 Europe Heat Recover Steam Generator Sales in Value by Country (2024-2029)
7 Asia-Pacific Heat Recover Steam Generator by Region
7.1 Asia-Pacific Heat Recover Steam Generator Historic Market Size by Region
7.1.1 Asia-Pacific Heat Recover Steam Generator Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Heat Recover Steam Generator Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Heat Recover Steam Generator Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Heat Recover Steam Generator Forecasted Market Size by Region
7.2.1 Asia-Pacific Heat Recover Steam Generator Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Heat Recover Steam Generator Sales in Value by Region (2024-2029)
8 Latin America Heat Recover Steam Generator by Country
8.1 Latin America Heat Recover Steam Generator Historic Market Size by Country
8.1.1 Latin America Heat Recover Steam Generator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Heat Recover Steam Generator Sales in Volume by Country (2018-2023)
8.1.3 Latin America Heat Recover Steam Generator Sales in Value by Country (2018-2023)
8.2 Latin America Heat Recover Steam Generator Forecasted Market Size by Country
8.2.1 Latin America Heat Recover Steam Generator Sales in Volume by Country (2024-2029)
8.2.2 Latin America Heat Recover Steam Generator Sales in Value by Country (2024-2029)
9 Middle East and Africa Heat Recover Steam Generator by Country
9.1 Middle East and Africa Heat Recover Steam Generator Historic Market Size by Country
9.1.1 Middle East and Africa Heat Recover Steam Generator Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Heat Recover Steam Generator Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Heat Recover Steam Generator Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Heat Recover Steam Generator Forecasted Market Size by Country
9.2.1 Middle East and Africa Heat Recover Steam Generator Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Heat Recover Steam Generator Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 BHI
10.1.1 BHI Company Information
10.1.2 BHI Introduction and Business Overview
10.1.3 BHI Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.1.4 BHI Heat Recover Steam Generator Products Offered
10.1.5 BHI Recent Development
10.2 Foster Wheeler
10.2.1 Foster Wheeler Company Information
10.2.2 Foster Wheeler Introduction and Business Overview
10.2.3 Foster Wheeler Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Foster Wheeler Heat Recover Steam Generator Products Offered
10.2.5 Foster Wheeler Recent Development
10.3 Nooter Eriksen
10.3.1 Nooter Eriksen Company Information
10.3.2 Nooter Eriksen Introduction and Business Overview
10.3.3 Nooter Eriksen Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Nooter Eriksen Heat Recover Steam Generator Products Offered
10.3.5 Nooter Eriksen Recent Development
10.4 CMI Energy
10.4.1 CMI Energy Company Information
10.4.2 CMI Energy Introduction and Business Overview
10.4.3 CMI Energy Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.4.4 CMI Energy Heat Recover Steam Generator Products Offered
10.4.5 CMI Energy Recent Development
10.5 Alstom Power
10.5.1 Alstom Power Company Information
10.5.2 Alstom Power Introduction and Business Overview
10.5.3 Alstom Power Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Alstom Power Heat Recover Steam Generator Products Offered
10.5.5 Alstom Power Recent Development
10.6 Doosan E&C
10.6.1 Doosan E&C Company Information
10.6.2 Doosan E&C Introduction and Business Overview
10.6.3 Doosan E&C Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Doosan E&C Heat Recover Steam Generator Products Offered
10.6.5 Doosan E&C Recent Development
10.7 NEM Energy
10.7.1 NEM Energy Company Information
10.7.2 NEM Energy Introduction and Business Overview
10.7.3 NEM Energy Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.7.4 NEM Energy Heat Recover Steam Generator Products Offered
10.7.5 NEM Energy Recent Development
10.8 VOGT Power
10.8.1 VOGT Power Company Information
10.8.2 VOGT Power Introduction and Business Overview
10.8.3 VOGT Power Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.8.4 VOGT Power Heat Recover Steam Generator Products Offered
10.8.5 VOGT Power Recent Development
10.9 STF
10.9.1 STF Company Information
10.9.2 STF Introduction and Business Overview
10.9.3 STF Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.9.4 STF Heat Recover Steam Generator Products Offered
10.9.5 STF Recent Development
10.10 Babcock & Wilcox
10.10.1 Babcock & Wilcox Company Information
10.10.2 Babcock & Wilcox Introduction and Business Overview
10.10.3 Babcock & Wilcox Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Babcock & Wilcox Heat Recover Steam Generator Products Offered
10.10.5 Babcock & Wilcox Recent Development
10.11 Mitsubishi
10.11.1 Mitsubishi Company Information
10.11.2 Mitsubishi Introduction and Business Overview
10.11.3 Mitsubishi Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Mitsubishi Heat Recover Steam Generator Products Offered
10.11.5 Mitsubishi Recent Development
10.12 Hangzhou Boiler
10.12.1 Hangzhou Boiler Company Information
10.12.2 Hangzhou Boiler Introduction and Business Overview
10.12.3 Hangzhou Boiler Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Hangzhou Boiler Heat Recover Steam Generator Products Offered
10.12.5 Hangzhou Boiler Recent Development
10.13 703 Institute
10.13.1 703 Institute Company Information
10.13.2 703 Institute Introduction and Business Overview
10.13.3 703 Institute Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.13.4 703 Institute Heat Recover Steam Generator Products Offered
10.13.5 703 Institute Recent Development
10.14 Wuxi Huaguang
10.14.1 Wuxi Huaguang Company Information
10.14.2 Wuxi Huaguang Introduction and Business Overview
10.14.3 Wuxi Huaguang Heat Recover Steam Generator Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Wuxi Huaguang Heat Recover Steam Generator Products Offered
10.14.5 Wuxi Huaguang Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Heat Recover Steam Generator Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Heat Recover Steam Generator Industrial Chain Analysis
11.4 Heat Recover Steam Generator Market Dynamics
11.4.1 Heat Recover Steam Generator Industry Trends
11.4.2 Heat Recover Steam Generator Market Drivers
11.4.3 Heat Recover Steam Generator Market Challenges
11.4.4 Heat Recover Steam Generator Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Heat Recover Steam Generator Distributors
12.3 Heat Recover Steam Generator Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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