Global Heat Recovery Steam Generator (HRSG) Market Growth 2023-2029

Global Heat Recovery Steam Generator (HRSG) Market Growth 2023-2029

Product Code:453852

Published Date: Feb 08,2023

Pages: 106

Region: Global

Category: Machinery & Equipment

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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).

LPI (LP Information)' newest research report, the “Heat Recovery Steam Generator (HRSG) Industry Forecast” looks at past sales and reviews total world Heat Recovery Steam Generator (HRSG) sales in 2022, providing a comprehensive analysis by region and market sector of projected Heat Recovery Steam Generator (HRSG) sales for 2023 through 2029. With Heat Recovery Steam Generator (HRSG) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Recovery Steam Generator (HRSG) industry.

This Insight Report provides a comprehensive analysis of the global Heat Recovery Steam Generator (HRSG) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heat Recovery Steam Generator (HRSG) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Heat Recovery Steam Generator (HRSG) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Recovery Steam Generator (HRSG) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heat Recovery Steam Generator (HRSG).

The global Heat Recovery Steam Generator (HRSG) market size is projected to grow from US$ 1947.7 million in 2022 to US$ 2281 million in 2029; it is expected to grow at a CAGR of 2281 from 2023 to 2029.

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 presents a comprehensive overview, market shares, and growth opportunities of Heat Recovery Steam Generator (HRSG) market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Below 50MW
    50MW-100MW
    100MW-300MW
    Over 300MW

Segmentation by application
    Power Station
    Industrial Production

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    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

Key Questions Addressed in this Report
What is the 10-year outlook for the global Heat Recovery Steam Generator (HRSG) market?
What factors are driving Heat Recovery Steam Generator (HRSG) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Heat Recovery Steam Generator (HRSG) market opportunities vary by end market size?
How does Heat Recovery Steam Generator (HRSG) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?