Global Heat Recovery Steam Generator HRSG Market Overview And Scope:
Global Heat Recovery Steam Generator HRSG Market Size was estimated at USD 2087.72 million in 2022 and is projected to reach USD 2381.98 million by 2028, exhibiting a CAGR of 2.22% during the forecast period.
The Global Heat Recovery Steam Generator HRSG Market Report 2025 provides comprehensive analysis of market development components, patterns, flows, and sizes. This research study of Heat Recovery Steam Generator HRSG utilized both primary and secondary data sources to calculate present and past market values to forecast potential market management for the forecast period between 2025 and 2032. It includes the study of a wide range of industry parameters, including government policies, market environments, competitive landscape, historical data, current market trends, technological innovations, upcoming technologies, and technological progress within related industries. Additionally, the report provides an in-depth analysis of the value chain and supply chain to demonstrate how value is added at every stage in the product lifecycle. The study incorporates market dynamics such as drivers, restraints/challenges, trends, and their impact on the market.
Top Key Players Mentioned Are: BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan EandC, Siemens (NEM Energy), VOGT Power, STF, Babcock and Wilcox, Mitsubishi, Hangzhou Boiler, Bharat Heavy Electricals, Wuxi Huaguang
Global Heat Recovery Steam Generator HRSG Market Segmentation
By Type, Heat Recovery Steam Generator HRSG market has been segmented into:Below 50MW
50MW-100MW
100MW-300MW
Over 300MW
By Application, Heat Recovery Steam Generator HRSG market has been segmented into:
Power Station
Industrial Production
Regional Analysis:
North America (U.S., Canada, Mexico)
Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
South America (Brazil, Argentina, Rest of SA)
Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
Competitive Landscape:
Competitive analysis is the study of strength and weakness, market investment, market share, market sales volume, market trends of major players in the market.The Heat Recovery Steam Generator HRSG market study focused on including all the primary level, secondary level and tertiary level competitors in the report. The data generated by conducting the primary and secondary research.The report covers detail analysis of driver, constraints and scope for new players entering the Heat Recovery Steam Generator HRSG market.
Top Key Players Covered in Heat Recovery Steam Generator HRSG market are:
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan EandC
Siemens (NEM Energy)
VOGT Power
STF
Babcock and Wilcox
Mitsubishi
Hangzhou Boiler
Bharat Heavy Electricals
Wuxi Huaguang
Objective to buy this Report:
1. Heat Recovery Steam Generator HRSG analysis predicts the representation of this market, supply and demand, capacity, detailed investigations, etc.
2. Even the report, along with the international series, conducts an in-depth study of rules, policies and current policy.
3. In addition, additional factors are mentioned: imports, arrangement of commodity prices for the market, supply and demand of industry products, major manufacturers.
4. The report starts with Heat Recovery Steam Generator HRSG market statistics and moves to important points, with dependent markets categorized by market trend by application.
5. Applications of market may also be assessed based on their performances.
6. Other market attributes, such as future aspects, limitations and growth for all departments.
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Type
3.2 By Application
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Heat Recovery Steam Generator HRSG Market by Type
5.1 Heat Recovery Steam Generator HRSG Market Overview Snapshot and Growth Engine
5.2 Heat Recovery Steam Generator HRSG Market Overview
5.3 Below 50MW
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Below 50MW: Geographic Segmentation
5.4 50MW-100MW
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 50MW-100MW: Geographic Segmentation
5.5 100MW-300MW
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 100MW-300MW: Geographic Segmentation
5.6 Over 300MW
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Over 300MW: Geographic Segmentation
Chapter 6: Heat Recovery Steam Generator HRSG Market by Application
6.1 Heat Recovery Steam Generator HRSG Market Overview Snapshot and Growth Engine
6.2 Heat Recovery Steam Generator HRSG Market Overview
6.3 Power Station
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Power Station: Geographic Segmentation
6.4 Industrial Production
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Industrial Production: Geographic Segmentation
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Positioning
7.1.2 Heat Recovery Steam Generator HRSG Sales and Market Share By Players
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Heat Recovery Steam Generator HRSG Industry Concentration Ratio (CR5 and HHI)
7.1.6 Top 5 Heat Recovery Steam Generator HRSG Players Market Share
7.1.7 Mergers and Acquisitions
7.1.8 Business Strategies By Top Players
7.2 BHI
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Operating Business Segments
7.2.5 Product Portfolio
7.2.6 Business Performance
7.2.7 Key Strategic Moves and Recent Developments
7.2.8 SWOT Analysis
7.3 FOSTER WHEELER
7.4 NOOTER ERIKSEN
7.5 CMI ENERGY
7.6 ALSTOM POWER
7.7 DOOSAN EANDC
7.8 SIEMENS (NEM ENERGY)
7.9 VOGT POWER
7.10 STF
7.11 BABCOCK AND WILCOX
7.12 MITSUBISHI
7.13 HANGZHOU BOILER
7.14 BHARAT HEAVY ELECTRICALS
7.15 WUXI HUAGUANG
Chapter 8: Global Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
8.1 Market Overview
8.2 Historic and Forecasted Market Size By Type
8.2.1 Below 50MW
8.2.2 50MW-100MW
8.2.3 100MW-300MW
8.2.4 Over 300MW
8.3 Historic and Forecasted Market Size By Application
8.3.1 Power Station
8.3.2 Industrial Production
Chapter 9: North America Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
9.1 Key Market Trends, Growth Factors and Opportunities
9.2 Impact of Covid-19
9.3 Key Players
9.4 Key Market Trends, Growth Factors and Opportunities
9.4 Historic and Forecasted Market Size By Type
9.4.1 Below 50MW
9.4.2 50MW-100MW
9.4.3 100MW-300MW
9.4.4 Over 300MW
9.5 Historic and Forecasted Market Size By Application
9.5.1 Power Station
9.5.2 Industrial Production
9.6 Historic and Forecast Market Size by Country
9.6.1 US
9.6.2 Canada
9.6.3 Mexico
Chapter 10: Eastern Europe Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
10.1 Key Market Trends, Growth Factors and Opportunities
10.2 Impact of Covid-19
10.3 Key Players
10.4 Key Market Trends, Growth Factors and Opportunities
10.4 Historic and Forecasted Market Size By Type
10.4.1 Below 50MW
10.4.2 50MW-100MW
10.4.3 100MW-300MW
10.4.4 Over 300MW
10.5 Historic and Forecasted Market Size By Application
10.5.1 Power Station
10.5.2 Industrial Production
10.6 Historic and Forecast Market Size by Country
10.6.1 Bulgaria
10.6.2 The Czech Republic
10.6.3 Hungary
10.6.4 Poland
10.6.5 Romania
10.6.6 Rest of Eastern Europe
Chapter 11: Western Europe Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
11.1 Key Market Trends, Growth Factors and Opportunities
11.2 Impact of Covid-19
11.3 Key Players
11.4 Key Market Trends, Growth Factors and Opportunities
11.4 Historic and Forecasted Market Size By Type
11.4.1 Below 50MW
11.4.2 50MW-100MW
11.4.3 100MW-300MW
11.4.4 Over 300MW
11.5 Historic and Forecasted Market Size By Application
11.5.1 Power Station
11.5.2 Industrial Production
11.6 Historic and Forecast Market Size by Country
11.6.1 Germany
11.6.2 UK
11.6.3 France
11.6.4 Netherlands
11.6.5 Italy
11.6.6 Russia
11.6.7 Spain
11.6.8 Rest of Western Europe
Chapter 12: Asia Pacific Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
12.1 Key Market Trends, Growth Factors and Opportunities
12.2 Impact of Covid-19
12.3 Key Players
12.4 Key Market Trends, Growth Factors and Opportunities
12.4 Historic and Forecasted Market Size By Type
12.4.1 Below 50MW
12.4.2 50MW-100MW
12.4.3 100MW-300MW
12.4.4 Over 300MW
12.5 Historic and Forecasted Market Size By Application
12.5.1 Power Station
12.5.2 Industrial Production
12.6 Historic and Forecast Market Size by Country
12.6.1 China
12.6.2 India
12.6.3 Japan
12.6.4 South Korea
12.6.5 Malaysia
12.6.6 Thailand
12.6.7 Vietnam
12.6.8 The Philippines
12.6.9 Australia
12.6.10 New Zealand
12.6.11 Rest of APAC
Chapter 13: Middle East & Africa Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
13.1 Key Market Trends, Growth Factors and Opportunities
13.2 Impact of Covid-19
13.3 Key Players
13.4 Key Market Trends, Growth Factors and Opportunities
13.4 Historic and Forecasted Market Size By Type
13.4.1 Below 50MW
13.4.2 50MW-100MW
13.4.3 100MW-300MW
13.4.4 Over 300MW
13.5 Historic and Forecasted Market Size By Application
13.5.1 Power Station
13.5.2 Industrial Production
13.6 Historic and Forecast Market Size by Country
13.6.1 Turkey
13.6.2 Bahrain
13.6.3 Kuwait
13.6.4 Saudi Arabia
13.6.5 Qatar
13.6.6 UAE
13.6.7 Israel
13.6.8 South Africa
Chapter 14: South America Heat Recovery Steam Generator HRSG Market Analysis, Insights and Forecast, 2017-2032
14.1 Key Market Trends, Growth Factors and Opportunities
14.2 Impact of Covid-19
14.3 Key Players
14.4 Key Market Trends, Growth Factors and Opportunities
14.4 Historic and Forecasted Market Size By Type
14.4.1 Below 50MW
14.4.2 50MW-100MW
14.4.3 100MW-300MW
14.4.4 Over 300MW
14.5 Historic and Forecasted Market Size By Application
14.5.1 Power Station
14.5.2 Industrial Production
14.6 Historic and Forecast Market Size by Country
14.6.1 Brazil
14.6.2 Argentina
14.6.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Heat Recovery Steam Generator HRSG Scope:
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Report Data
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Heat Recovery Steam Generator HRSG Market
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Heat Recovery Steam Generator HRSG Market Size in 2025
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USD XX million
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Heat Recovery Steam Generator HRSG CAGR 2025 - 2032
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XX%
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Heat Recovery Steam Generator HRSG Base Year
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2024
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Heat Recovery Steam Generator HRSG Forecast Data
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2025 - 2032
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Segments Covered
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By Type, By Application, And by Regions
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Regional Scope
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North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
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Key Companies Profiled
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BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan EandC, Siemens (NEM Energy), VOGT Power, STF, Babcock and Wilcox, Mitsubishi, Hangzhou Boiler, Bharat Heavy Electricals, Wuxi Huaguang.
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Key Segments
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By Type
Below 50MW
50MW-100MW
100MW-300MW
Over 300MW
By Applications
Power Station
Industrial Production
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