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Global Heat Recovery Steam Generator Market Report 2025

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Heat Recovery Steam Generator Global Market Report 2025

Name: Heat Recovery Steam Generator Global Market Report 2025
Brand: The Business Research Company
Price: 4490.00 USD
Availability: InStock

By Design Type (Modular Construction, C-Section Construction, Bundle Construction, Fully Assembled), By Configuration Type (Horizontal Drum Units, Vertical Drum Units, Horizontal-Once Through Units), By Output Power Type (0 To 60 Megawatt (MW), 60 To 100 Megawatt (MW), 100 Megawatt (MW) And Above), By Application Type (Co-Generation (Process Heating), Combined Cycle, Combined Heat And Power (CHP)), By End User (Utility, Chemicals, Refineries, Pulp And Paper, Other End Users) – Impact of Tariff and Trade War on Market Size, Growth, Trends, and Forecast 2025–2034

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Heat Recovery Steam Generator Market Overview

• Heat Recovery Steam Generator market size has reached to $1.71 billion in 2024

• Expected to grow to $2.22 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%

• Growth Driver: Industrial Sector Expansion To Fuel Growth In Heat Recovery Steam Generator Market

• Market Trend: Innovative Heat Recovery Power Generation Systems Enhance Market Competitiveness

• North America was the largest region in 2024 and Asia-Pacific is the fastest growing region.

What Is Covered Under Heat Recovery Steam Generator Market?

A heat recovery steam generator (HRSG) is an energy recovery device that captures waste heat from exhaust gases, typically from gas turbines or other industrial processes, and converts it into steam. This steam can then be used to drive a steam turbine for power generation or utilized in industrial heating processes. HRSGs are integral to combined cycle power plants, enhancing overall efficiency by utilizing otherwise wasted heat.

The main design types of heat recovery steam generators are modular construction, c-section construction, bundle construction, and fully assembled. Modular construction refers to heat recovery steam generators (HRSGs) built in separate, prefabricated modules that are assembled on-site. The configuration is horizontal drum units, vertical drum units, and horizontal-once through units, and the output power is 0 to 60 megawatts (MW), 60 to 100 megawatts (MW), 100 megawatts (MW) and above. The application includes co-generation (process heating), combined cycle, and combined heat and power (CHP), and it is used by various end users such as utilities, chemicals, refineries, pulp and paper, and others.

Heat Recovery Steam Generator Market Size and growth rate 2025 to 2029: Graph

What Is The Heat Recovery Steam Generator Market Size 2025 And Growth Rate?

The heat recovery steam generator market size has grown strongly in recent years. It will grow from $1.71 billion in 2024 to $1.79 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to rising demand for energy efficiency, increasing adoption of combined cycle power plants, stringent environmental regulations, growth in global power generation capacity, and the expansion of industrial sectors such as oil and gas and manufacturing.

What Is The Heat Recovery Steam Generator Market Growth Forecast?

The heat recovery steam generator market size is expected to see strong growth in the next few years. It will grow to $2.22 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing investments in renewable energy integration, growing emphasis on reducing operational costs, rising demand from emerging economies, expanding applications beyond utilities, and the development of smart monitoring and maintenance technologies. Major trends in the forecast period include a shift towards more compact and modular designs, greater adoption of digital twin technology for performance optimization, development of next-generation materials for higher temperature tolerance, emphasis on reducing carbon footprints through advanced emission control solutions, and the adoption of advanced automation and AI-driven maintenance strategies.

The forecast of 5.5% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through tariff-driven cost increases on pressure vessels and steam drums sourced from India and South Korea, raising project costs in power generation. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

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What’s The Trade War Impact On Machinery Industry?

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the machinery sector by increasing costs for steel, hydraulic systems, and precision bearings critical components often imported from tariff-affected regions. Manufacturers of construction, agricultural, and industrial machinery now face squeezed margins, as many long-term contracts prevent immediate price adjustments. The uncertainty has also delayed investment in automation and smart machinery technologies, slowing productivity gains. To adapt, firms are accelerating local supplier development, redesigning products to use alternative materials, and leveraging predictive maintenance to extend equipment lifespans amid higher replacement costs.

How Is The Heat Recovery Steam Generator Market Segmented?

1) By Design Type: Modular Construction; C-Section Construction; Bundle Construction; Fully Assembled

2) By Configuration Type: Horizontal Drum Units; Vertical Drum Units; Horizontal-Once Through Units

3) By Output Power Type: 0 To 60 Megawatt (MW); 60 To 100 Megawatt (MW); 100 Megawatt (MW) And Above

4) By Application Type: Co-Generation (Process Heating); Combined Cycle; Combined Heat And Power (CHP)

5) By End User: Utility; Chemicals; Refineries; Pulp And Paper; Other End Users

Subsegments:

1) By Modular Construction: Pre-Fabricated Modules; Skid-Mounted Modules; Compact Modular Systems

2) By C-Section Construction: Horizontal C-Section HRSGs; Vertical C-Section HRSGs; Single-Pressure C-Section HRSGs

3) By Bundle Construction: Horizontal Bundle HRSGs; Vertical Bundle HRSGs; Double Pressure Bundle HRSGs

4) By Fully Assembled: Factory-Assembled HRSGs; Site-Assembled HRSGs; Custom-Built Fully Assembled Units

What Is Driving The Heat Recovery Steam Generator Market? Industrial Sector Expansion To Fuel Growth In Heat Recovery Steam Generator Market

The expansion of the industrial sector is expected to propel the heat recovery steam generator market going forward. The industrial sector refers to the part of the economy involved in producing goods through manufacturing, construction, and related industries. The industrial sector is expanding due to increased demand for manufactured goods and technological advancements driving efficiency and production. A heat recovery steam generator (HRSG) in the industrial sector is used to capture and convert waste heat from industrial processes into steam, improving energy efficiency and reducing fuel consumption. For instance, in July 2023, according to Eurostat, a Luxembourg-based government statistical agency, in May 2023, seasonally adjusted industrial production in the European area rose by 0.2%, while in the European Union, it increased by 0.1% compared to April 2023. Therefore, the expansion of the industrial sector is driving the heat recovery steam generator industry.

Who Are The Major Players In The Global Heat Recovery Steam Generator Market?

Major companies operating in the heat recovery steam generator market are Hitachi Ltd., General Electric Company, Siemens Energy AG, Mitsubishi Heavy Industries Ltd., ABB Ltd., Alstom SA, Kawasaki Heavy Industries Ltd., Sumitomo Heavy Industries Ltd., John Wood Group PLC, Bharat Heavy Electricals Limited, SPX Flow Inc., Thermax Limited, Spirax Group plc, Babcock & Wilcox Enterprises Inc., Nooter/Eriksen Inc., Hamon & Cie International, Rentech Boilers Systems Inc., Clyde Bergemann Power Group, Bosch Industriekessel GmbH, Doosan Heavy Industries & Construction, John Cockerill, Aalborg Industries

What Are The Key Trends Of The Global Heat Recovery Steam Generator Market? Innovative Heat Recovery Power Generation Systems Enhance Market Competitiveness

Major companies operating in the heat recovery steam generator market are developing innovative products, such as heat recovery power generation systems, to gain a competitive edge in the market. A heat recovery power generation system captures and utilizes waste heat from industrial processes, exhaust gases, or other energy sources to generate electricity. For instance, in October 2022, Kawasaki Heavy Industries Ltd., a Japan-based manufacturing company, delivered its new high-efficiency waste heat recovery power generation system, called the VEGA boiler, to Taiheiyo Cement. This marked the first installation of the VEGA boiler in Japan, demonstrating Kawasaki's dedication to improving energy efficiency in the cement industry. The VEGA boiler is specifically designed for waste heat recovery in cement plants, where it captures unused heat from exhaust gases to produce electricity. It operates by utilizing heat from the preheater's exhaust gases, which contain significant amounts of dust, to create steam that powers a turbine for electricity generation.

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What Are Latest Mergers And Acquisitions In The Heat Recovery Steam Generator Market? Mutares Acquires Heat Transfer Technology From Siemens Energy To Enhance Heat Recovery Steam Generator Portfolio

In June 2022, Mutares, a Germany-based private equity firm, acquired Heat Transfer Technology from Siemens Energy B.V. for an undisclosed amount. The acquisition aims to expand Mutares' portfolio in the heat recovery steam generator market, enhancing its capabilities and offerings in energy efficiency solutions and industrial technology. Siemens Energy B.V. is a Netherlands-based provider of heat recovery steam generators.

What Is The Regional Outlook For The Global Heat Recovery Steam Generator Market?

North America was the largest region in the heat recovery steam generator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Heat Recovery Steam Generator Market?

The heat recovery steam generator market consists of sales of natural circulation heat recovery steam generators, dual pressure heat recovery steam generators, triple pressure heat recovery steam generators, modular heat recovery steam generators, and forced circulation heat recovery steam generators. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What is the Market Assessment and Strategic Outlook for the Heat Recovery Steam Generator Industry?

The heat recovery steam generator market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the heat recovery steam generator industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

Heat Recovery Steam Generator Market Report Forecast Analysis

Report Attribute	Details
Market Size Value In 2025	$1.79 billion
Revenue Forecast In 2034	$2.22 billion
Growth Rate	CAGR of 5.5% from 2025 to 2034
Base Year For Estimation	2024
Actual Estimates/Historical Data	2019-2024
Forecast Period	2025 - 2029 - 2034
Market Representation	Revenue in USD Billion and CAGR from 2025 to 2034
Segments Covered	The heat recovery steam generator market covered in this report is segmented – 1) By Design Type: Modular Construction; C-Section Construction; Bundle Construction; Fully Assembled 2) By Configuration Type: Horizontal Drum Units; Vertical Drum Units; Horizontal-Once Through Units 3) By Output Power Type: 0 To 60 Megawatt (MW); 60 To 100 Megawatt (MW); 100 Megawatt (MW) And Above 4) By Application Type: Co-Generation (Process Heating); Combined Cycle; Combined Heat And Power (CHP) 5) By End User: Utility; Chemicals; Refineries; Pulp And Paper; Other End Users Subsegments: 1) By Modular Construction: Pre-Fabricated Modules; Skid-Mounted Modules; Compact Modular Systems 2) By C-Section Construction: Horizontal C-Section HRSGs; Vertical C-Section HRSGs; Single-Pressure C-Section HRSGs 3) By Bundle Construction: Horizontal Bundle HRSGs; Vertical Bundle HRSGs; Double Pressure Bundle HRSGs 4) By Fully Assembled: Factory-Assembled HRSGs; Site-Assembled HRSGs; Custom-Built Fully Assembled Units
Regional Scope	Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report are Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Hitachi Ltd., General Electric Company, Siemens Energy AG, Mitsubishi Heavy Industries Ltd., ABB Ltd., Alstom SA, Kawasaki Heavy Industries Ltd., Sumitomo Heavy Industries Ltd., John Wood Group PLC, Bharat Heavy Electricals Limited, SPX Flow Inc., Thermax Limited, Spirax Group plc, Babcock & Wilcox Enterprises Inc., Nooter/Eriksen Inc., Hamon & Cie International, Rentech Boilers Systems Inc., Clyde Bergemann Power Group, Bosch Industriekessel GmbH, Doosan Heavy Industries & Construction, John Cockerill, Aalborg Industries
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Heat Recovery Steam Generator Market Characteristics

3. Heat Recovery Steam Generator Market Trends And Strategies

4. Heat Recovery Steam Generator Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

4.1. Supply Chain Impact from Tariff War & Trade Protectionism

5. Global Heat Recovery Steam Generator Growth Analysis And Strategic Analysis Framework

5.1. Global Heat Recovery Steam Generator PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)

5.2. Analysis Of End Use Industries

5.3. Global Heat Recovery Steam Generator Market Growth Rate Analysis

5.4. Global Heat Recovery Steam Generator Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)

5.5. Global Heat Recovery Steam Generator Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)

5.6. Global Heat Recovery Steam Generator Total Addressable Market (TAM)

6. Heat Recovery Steam Generator Market Segmentation

6.1. Global Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Modular Construction

C-Section Construction

Bundle Construction

Fully Assembled

6.2. Global Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Horizontal Drum Units

Vertical Drum Units

Horizontal-Once Through Units

6.3. Global Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

0 To 60 Megawatt (MW)

60 To 100 Megawatt (MW)

100 Megawatt (MW) And Above

6.4. Global Heat Recovery Steam Generator Market, Segmentation By Application Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Co-Generation (Process Heating)

Combined Cycle

Combined Heat And Power (CHP)

6.5. Global Heat Recovery Steam Generator Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Utility

Chemicals

Refineries

Pulp And Paper

Other End Users

6.6. Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Modular Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Pre-Fabricated Modules

Skid-Mounted Modules

Compact Modular Systems

6.7. Global Heat Recovery Steam Generator Market, Sub-Segmentation Of C-Section Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Horizontal C-Section HRSGs

Vertical C-Section HRSGs

Single-Pressure C-Section HRSGs

6.8. Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Bundle Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Horizontal Bundle HRSGs

Vertical Bundle HRSGs

Double Pressure Bundle HRSGs

6.9. Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Fully Assembled, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Factory-Assembled HRSGs

Site-Assembled HRSGs

Custom-Built Fully Assembled Units

7. Heat Recovery Steam Generator Market Regional And Country Analysis

7.1. Global Heat Recovery Steam Generator Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

7.2. Global Heat Recovery Steam Generator Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Heat Recovery Steam Generator Market

8.1. Asia-Pacific Heat Recovery Steam Generator Market Overview

Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.3. Asia-Pacific Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8.4. Asia-Pacific Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Heat Recovery Steam Generator Market

9.1. China Heat Recovery Steam Generator Market Overview

9.2. China Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.3. China Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

9.4. China Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Heat Recovery Steam Generator Market

10.1. India Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.2. India Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

10.3. India Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Heat Recovery Steam Generator Market

11.1. Japan Heat Recovery Steam Generator Market Overview

11.2. Japan Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.3. Japan Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11.4. Japan Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Heat Recovery Steam Generator Market

12.1. Australia Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.2. Australia Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12.3. Australia Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Heat Recovery Steam Generator Market

13.1. Indonesia Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.2. Indonesia Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13.3. Indonesia Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Heat Recovery Steam Generator Market

14.1. South Korea Heat Recovery Steam Generator Market Overview

14.2. South Korea Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.3. South Korea Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14.4. South Korea Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Heat Recovery Steam Generator Market

15.1. Western Europe Heat Recovery Steam Generator Market Overview

15.2. Western Europe Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.3. Western Europe Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15.4. Western Europe Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Heat Recovery Steam Generator Market

16.1. UK Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.2. UK Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16.3. UK Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Heat Recovery Steam Generator Market

17.1. Germany Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.2. Germany Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17.3. Germany Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Heat Recovery Steam Generator Market

18.1. France Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.2. France Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18.3. France Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Heat Recovery Steam Generator Market

19.1. Italy Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.2. Italy Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19.3. Italy Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Heat Recovery Steam Generator Market

20.1. Spain Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.2. Spain Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20.3. Spain Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Heat Recovery Steam Generator Market

21.1. Eastern Europe Heat Recovery Steam Generator Market Overview

21.2. Eastern Europe Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.3. Eastern Europe Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21.4. Eastern Europe Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Heat Recovery Steam Generator Market

22.1. Russia Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.2. Russia Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22.3. Russia Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Heat Recovery Steam Generator Market

23.1. North America Heat Recovery Steam Generator Market Overview

23.2. North America Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.3. North America Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23.4. North America Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Heat Recovery Steam Generator Market

24.1. USA Heat Recovery Steam Generator Market Overview

24.2. USA Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.3. USA Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24.4. USA Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Heat Recovery Steam Generator Market

25.1. Canada Heat Recovery Steam Generator Market Overview

25.2. Canada Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.3. Canada Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25.4. Canada Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Heat Recovery Steam Generator Market

26.1. South America Heat Recovery Steam Generator Market Overview

26.2. South America Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.3. South America Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26.4. South America Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Heat Recovery Steam Generator Market

27.1. Brazil Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.2. Brazil Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27.3. Brazil Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Heat Recovery Steam Generator Market

28.1. Middle East Heat Recovery Steam Generator Market Overview

28.2. Middle East Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.3. Middle East Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28.4. Middle East Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Heat Recovery Steam Generator Market

29.1. Africa Heat Recovery Steam Generator Market Overview

29.2. Africa Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.3. Africa Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29.4. Africa Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Heat Recovery Steam Generator Market Competitive Landscape And Company Profiles

30.1. Heat Recovery Steam Generator Market Competitive Landscape

30.2. Heat Recovery Steam Generator Market Company Profiles

30.2.1. Hitachi Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.2. General Electric Company Overview, Products and Services, Strategy and Financial Analysis

30.2.3. Siemens Energy AG Overview, Products and Services, Strategy and Financial Analysis

30.2.4. Mitsubishi Heavy Industries Ltd. Overview, Products and Services, Strategy and Financial Analysis

30.2.5. ABB Ltd. Overview, Products and Services, Strategy and Financial Analysis

31. Heat Recovery Steam Generator Market Other Major And Innovative Companies

31.1. Alstom SA

31.2. Kawasaki Heavy Industries Ltd.

31.3. Sumitomo Heavy Industries Ltd.

31.4. John Wood Group PLC

31.5. Bharat Heavy Electricals Limited

31.6. SPX Flow Inc.

31.7. Thermax Limited

31.8. Spirax Group plc

31.9. Babcock & Wilcox Enterprises Inc.

31.10. Nooter/Eriksen Inc.

31.11. Hamon & Cie International

31.12. Rentech Boilers Systems Inc.

31.13. Clyde Bergemann Power Group

31.14. Bosch Industriekessel GmbH

31.15. Doosan Heavy Industries & Construction

32. Global Heat Recovery Steam Generator Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Heat Recovery Steam Generator Market

34. Recent Developments In The Heat Recovery Steam Generator Market

35. Heat Recovery Steam Generator Market High Potential Countries, Segments and Strategies

35.1 Heat Recovery Steam Generator Market In 2029 - Countries Offering Most New Opportunities

35.2 Heat Recovery Steam Generator Market In 2029 - Segments Offering Most New Opportunities

35.3 Heat Recovery Steam Generator Market In 2029 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2019-2024, $ Billion

Table 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Table 3: Global Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 4: Global Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 5: Global Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 6: Global Heat Recovery Steam Generator Market, Segmentation By Application Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 7: Global Heat Recovery Steam Generator Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 8: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Modular Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 9: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of C-Section Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 10: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Bundle Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 11: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Fully Assembled, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 12: Global Heat Recovery Steam Generator Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 13: Global Heat Recovery Steam Generator Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 14: Asia-Pacific, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 15: Asia-Pacific, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 16: Asia-Pacific, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 17: China, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 18: China, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 19: China, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 20: India, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 21: India, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 22: India, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 23: Japan, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 24: Japan, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 25: Japan, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 26: Australia, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 27: Australia, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 28: Australia, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 29: Indonesia, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 30: Indonesia, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 31: Indonesia, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 32: South Korea, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 33: South Korea, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 34: South Korea, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 35: Western Europe, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 36: Western Europe, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 37: Western Europe, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 38: UK, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 39: UK, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 40: UK, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 41: Germany, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 42: Germany, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 43: Germany, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 44: France, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 45: France, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 46: France, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 47: Italy, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 48: Italy, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 49: Italy, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 50: Spain, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 51: Spain, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 52: Spain, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 53: Eastern Europe, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 54: Eastern Europe, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 55: Eastern Europe, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 56: Russia, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 57: Russia, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 58: Russia, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 59: North America, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 60: North America, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 61: North America, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 62: USA, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 63: USA, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 64: USA, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 65: Canada, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 66: Canada, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 67: Canada, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 68: South America, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 69: South America, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 70: South America, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 71: Brazil, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 72: Brazil, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 73: Brazil, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 74: Middle East, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 75: Middle East, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 76: Middle East, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 77: Africa, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 78: Africa, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 79: Africa, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Table 80: Hitachi Ltd. Financial Performance

Table 81: General Electric Company Financial Performance

Table 82: Siemens Energy AG Financial Performance

Table 83: Mitsubishi Heavy Industries Ltd. Financial Performance

Table 84: ABB Ltd. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2019-2024, $ Billion

Figure 2: Global Forecast Market Growth, 2024-2029F, 2034F, $ Billion

Figure 3: Global Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 4: Global Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 5: Global Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 6: Global Heat Recovery Steam Generator Market, Segmentation By Application Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 7: Global Heat Recovery Steam Generator Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 8: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Modular Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 9: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of C-Section Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 10: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Bundle Construction, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 11: Global Heat Recovery Steam Generator Market, Sub-Segmentation Of Fully Assembled, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 12: Global Heat Recovery Steam Generator Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 13: Global Heat Recovery Steam Generator Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 14: Asia-Pacific, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 15: Asia-Pacific, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 16: Asia-Pacific, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 17: China, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 18: China, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 19: China, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 20: India, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 21: India, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 22: India, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 23: Japan, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 24: Japan, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 25: Japan, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 26: Australia, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 27: Australia, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 28: Australia, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 29: Indonesia, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 30: Indonesia, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 31: Indonesia, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 32: South Korea, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 33: South Korea, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 34: South Korea, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 35: Western Europe, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 36: Western Europe, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 37: Western Europe, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 38: UK, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 39: UK, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 40: UK, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 41: Germany, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 42: Germany, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 43: Germany, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 44: France, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 45: France, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 46: France, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 47: Italy, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 48: Italy, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 49: Italy, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 50: Spain, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 51: Spain, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 52: Spain, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 53: Eastern Europe, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 54: Eastern Europe, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 55: Eastern Europe, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 56: Russia, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 57: Russia, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 58: Russia, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 59: North America, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 60: North America, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 61: North America, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 62: USA, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 63: USA, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 64: USA, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 65: Canada, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 66: Canada, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 67: Canada, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 68: South America, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 69: South America, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 70: South America, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 71: Brazil, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 72: Brazil, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 73: Brazil, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 74: Middle East, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 75: Middle East, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 76: Middle East, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 77: Africa, Heat Recovery Steam Generator Market, Segmentation By Design Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 78: Africa, Heat Recovery Steam Generator Market, Segmentation By Configuration Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 79: Africa, Heat Recovery Steam Generator Market, Segmentation By Output Power Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

Figure 80: Hitachi Ltd. Financial Performance

Figure 81: General Electric Company Financial Performance

Figure 82: Siemens Energy AG Financial Performance

Figure 83: Mitsubishi Heavy Industries Ltd. Financial Performance

Figure 84: ABB Ltd. Financial Performance

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Frequently Asked Questions

What is the definition of the Heat Recovery Steam Generator market?

How will the Heat Recovery Steam Generator market drivers and restraints affect the market dynamics? What forces will shape the Heat Recovery Steam Generator industry going forward?

The market major growth driver - Industrial Sector Expansion To Fuel Growth In Heat Recovery Steam Generator Market. For further insights on this market, request a sample here

What is the forecast market size or the forecast market value of the Heat Recovery Steam Generator market?

The heat recovery steam generator market size has grown steadily in recent years. It will grow from $1.71 billion in 2024 to $1.79 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to rising demand for energy efficiency, increasing adoption of combined cycle power plants, stringent environmental regulations, growth in global power generation capacity, and the expansion of industrial sectors such as oil and gas and manufacturing. The heat recovery steam generator market size is expected to see strong growth in the next few years. It will grow to $2.22 billion in 2029 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to increasing investments in renewable energy integration, growing emphasis on reducing operational costs, rising demand from emerging economies, expanding applications beyond utilities, and the development of smart monitoring and maintenance technologies. Major trends in the forecast period include a shift towards more compact and modular designs, greater adoption of digital twin technology for performance optimization, development of next-generation materials for higher temperature tolerance, emphasis on reducing carbon footprints through advanced emission control solutions, and the adoption of advanced automation and AI-driven maintenance strategies. For further insights on this market, request a sample here

How is the Heat Recovery Steam Generator market segmented?

The heat recovery steam generatormarket covered in this report is segmented –
1) By Design Type: Modular Construction, C-Section Construction, Bundle Construction, Fully Assembled
2) By Configuration Type: Horizontal Drum Units, Vertical Drum Units, Horizontal-Once Through Units
3) By Output Power Type: 0 To 60 Megawatt (MW), 60 To 100 Megawatt (MW), 100 Megawatt (MW) And Above
4) By Application Type: Co-Generation (Process Heating), Combined Cycle, Combined Heat And Power (CHP)
5) By End User: Utility, Chemicals, Refineries, Pulp And Paper, Other End Users Subsegments:
1) By Modular Construction: Pre-Fabricated Modules, Skid-Mounted Modules, Compact Modular Systems
2) By C-Section Construction: Horizontal C-Section HRSGs, Vertical C-Section HRSGs, Single-Pressure C-Section HRSGs
3) By Bundle Construction: Horizontal Bundle HRSGs, Vertical Bundle HRSGs, Double Pressure Bundle HRSGs
4) By Fully Assembled: Factory-Assembled HRSGs, Site-Assembled HRSGs, Custom-Built Fully Assembled Units For further insights on this market, request a sample here

Which region has the largest share of the Heat Recovery Steam Generator market? What are the other regions covered in the report?

North America was the largest region in the heat recovery steam generator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the heat recovery steam generator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on this market, request a sample here.

Who are the major players in the Heat Recovery Steam Generator market?

What are the key trends in the Heat Recovery Steam Generator market?

Major trends in this market include Innovative Heat Recovery Power Generation Systems Enhance Market Competitiveness. For further insights on this market, request a sample here.