The global heat recovery steam generator market is expected to grow at a CAGR of 4.5% from 2021 to 2030. The market is driven by the increasing demand for power generation and industrial production, which in turn leads to an increase in the demand for heat recovery steam generators. The increasing use of renewable energy sources such as solar and wind power also contributes to the growth of this market.
The global heat recovery steam generator market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into <50MW, 50MW?Output<100MW, 100MW?Output?300MW and >300 MW. On the basis of application it can be divided into power station and industrial production. On the basis of region it can be divided into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) and Middle East & Africa (MEA).
- Increasing demand for electricity in developing countries.
- Increasing demand for clean energy.
- Rising awareness about the benefits of heat recovery steam generators.
- Growing need to reduce greenhouse gas emissions.
- Increasing number of power plants.
Industry Growth Insights published a new data on “Heat Recovery Steam Generator Market”. The research report is titled “Heat Recovery Steam Generator Market research by Types (<50MW, 50MW?Output<100MW, 100MW?Output?300MW, >300MW), By Applications (Power Station, Industrial Production), By Players/Companies Nooter Eriksen, BHI, Alstom Power, CMI Energy, Doosan E&C, NEM Energy, VOGT Power, STF, Babcock & Wilcox, Mitsubishi, Foster Wheeler (Wood), Hangzhou Boiler, BHEL, Wuxi Huaguang”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Heat Recovery Steam Generator Market Research Report
By Type
<50MW, 50MW?Output<100MW, 100MW?Output?300MW, >300MW
By Application
Power Station, Industrial Production
By Companies
Nooter Eriksen, BHI, Alstom Power, CMI Energy, Doosan E&C, NEM Energy, VOGT Power, STF, Babcock & Wilcox, Mitsubishi, Foster Wheeler (Wood), Hangzhou Boiler, BHEL, Wuxi Huaguang
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Heat Recovery Steam Generator Market Report Segments:
The global Heat Recovery Steam Generator market is segmented on the basis of:
Types
<50MW, 50MW?Output<100MW, 100MW?Output?300MW, >300MW
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power Station, Industrial Production
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Nooter Eriksen
- BHI
- Alstom Power
- CMI Energy
- Doosan E&C
- NEM Energy
- VOGT Power
- STF
- Babcock & Wilcox
- Mitsubishi
- Foster Wheeler (Wood)
- Hangzhou Boiler
- BHEL
- Wuxi Huaguang
Highlights of The Heat Recovery Steam Generator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- <50MW
- 50MW?Output<100MW
- 100MW?Output?300MW
- >300MW
- By Application:
- Power Station
- Industrial Production
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Heat Recovery Steam Generator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A heat recovery steam generator (HRSG) is a type of steam plant that recovers the heat from exhaust gases produced by the plant's turbines. The recovered heat is used to produce hot water, which can then be used to generate more electricity or thermal energy.
Some of the major players in the heat recovery steam generator market are Nooter Eriksen, BHI, Alstom Power, CMI Energy, Doosan E&C, NEM Energy, VOGT Power, STF, Babcock & Wilcox, Mitsubishi, Foster Wheeler (Wood), Hangzhou Boiler, BHEL, Wuxi Huaguang.
The heat recovery steam generator market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Heat Recovery Steam Generator Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Heat Recovery Steam Generator Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Heat Recovery Steam Generator Market - Supply Chain
4.5. Global Heat Recovery Steam Generator Market Forecast
4.5.1. Heat Recovery Steam Generator Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Heat Recovery Steam Generator Market Size (000 Units) and Y-o-Y Growth
4.5.3. Heat Recovery Steam Generator Market Absolute $ Opportunity
5. Global Heat Recovery Steam Generator Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Heat Recovery Steam Generator Market Size and Volume Forecast by Type
5.3.1. <50MW
5.3.2. 50MW?Output<100MW
5.3.3. 100MW?Output?300MW
5.3.4. >300MW
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Heat Recovery Steam Generator Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Heat Recovery Steam Generator Market Size and Volume Forecast by Application
6.3.1. Power Station
6.3.2. Industrial Production
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Heat Recovery Steam Generator Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Heat Recovery Steam Generator Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Heat Recovery Steam Generator Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Heat Recovery Steam Generator Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Heat Recovery Steam Generator Demand Share Forecast, 2019-2026
9. North America Heat Recovery Steam Generator Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Heat Recovery Steam Generator Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Heat Recovery Steam Generator Market Size and Volume Forecast by Application
9.4.1. Power Station
9.4.2. Industrial Production
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Heat Recovery Steam Generator Market Size and Volume Forecast by Type
9.7.1. <50MW
9.7.2. 50MW?Output<100MW
9.7.3. 100MW?Output?300MW
9.7.4. >300MW
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Heat Recovery Steam Generator Demand Share Forecast, 2019-2026
10. Latin America Heat Recovery Steam Generator Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Heat Recovery Steam Generator Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Heat Recovery Steam Generator Market Size and Volume Forecast by Application
10.4.1. Power Station
10.4.2. Industrial Production
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Heat Recovery Steam Generator Market Size and Volume Forecast by Type
10.7.1. <50MW
10.7.2. 50MW?Output<100MW
10.7.3. 100MW?Output?300MW
10.7.4. >300MW
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Heat Recovery Steam Generator Demand Share Forecast, 2019-2026
11. Europe Heat Recovery Steam Generator Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Heat Recovery Steam Generator Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Heat Recovery Steam Generator Market Size and Volume Forecast by Application
11.4.1. Power Station
11.4.2. Industrial Production
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Heat Recovery Steam Generator Market Size and Volume Forecast by Type
11.7.1. <50MW
11.7.2. 50MW?Output<100MW
11.7.3. 100MW?Output?300MW
11.7.4. >30MW
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Heat Recovery Steam Generator Demand Share, 2019-2026
12. Asia Pacific Heat Recovery Steam Generator Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Heat Recovery Steam Generator Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Heat Recovery Steam Generator Market Size and Volume Forecast by Application
12.4.1. Power Station
12.4.2. Industrial Production
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Heat Recovery Steam Generator Market Size and Volume Forecast by Type
12.7.1. <50MW
12.7.2. 50MW?Output<100MW
12.7.3. 100MW?Output?300MW
12.7.4. >300MW
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Heat Recovery Steam Generator Demand Share, 2019-2026
13. Middle East & Africa Heat Recovery Steam Generator Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Heat Recovery Steam Generator Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Heat Recovery Steam Generator Market Size and Volume Forecast by Application
13.4.1. Power Station
13.4.2. Industrial Production
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Heat Recovery Steam Generator Market Size and Volume Forecast by Type
13.7.1. <50MW
13.7.2. 50MW?Output<100MW
13.7.3. 100MW?Output?300MW
13.7.4. >300MW
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Heat Recovery Steam Generator Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Heat Recovery Steam Generator Market: Market Share Analysis
14.2. Heat Recovery Steam Generator Distributors and Customers
14.3. Heat Recovery Steam Generator Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Nooter Eriksen
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BHI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Alstom Power
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CMI Energy
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Doosan E&C
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NEM Energy
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VOGT Power
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. STF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Babcock & Wilcox
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mitsubishi
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Foster Wheeler (Wood)
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hangzhou Boiler
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. BHEL
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Wuxi Huaguang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
