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1675464

2025 年至 2033 年熱回收蒸汽產生器市場報告（按設計、額定功率、應用、最終用戶和地區）

Heat Recovery Steam Generator Market Report by Design, Power Rating, Application, End User, and Region 2025-2033
出版日期: | 出版商: IMARC | 英文 137 Pages | 商品交期: 2-3個工作天內

價格

2024IMARC Group全球熱回收蒸汽發生器市場規模達到 13.3 億美元。隨著人們對工業過程對環境的有害影響的認知不斷提高、工業設施中能源需求不斷增加以及為減少碳足跡而增加能源多樣化，市場正在經歷穩步成長。

熱回收蒸汽產生器市場分析：

市場成長與規模：由於對能源效率和永續發電的需求不斷增加，熱回收蒸汽發生器 (HRSG) 市場正在經歷穩定成長。

主要市場促進因素：關鍵促進因素包括越來越重視減少碳排放以及提高發電和工業過程的營運效率。

技術進步：HRSG設計和材料的創新正在帶來更有效率、更靈活、更環保的系統。更快的啟動時間和處理波動的電力需求的能力等進步使 HRSG 在各個領域更具吸引力。

產業應用：HRSG 可應用於多種產業，包括公用事業、化學品、煉油廠以及紙漿和造紙。它們能夠回收廢熱以用於額外的發電或工業用途，這使得它們對於提高這些產業的能源效率具有重要價值。

主要市場趨勢：趨勢包括擴大採用聯合循環和熱電聯產工廠，並專注於用餘熱鍋爐改造現有工廠。根據特定行業需求量身定做的HRSG解決方案的需求也在增加。

地理趨勢：北美佔據市場主導地位，這得益於工業設施不斷成長的能源需求。然而，隨著人們對減少碳足跡的認知和關注度不斷提高，亞太地區正在成為一個快速成長的市場。

競爭格局：市場競爭激烈，主要參與者致力於技術創新、策略夥伴關係以及併購（M&A）。這些公司正專注於擴大其產品組合併增強其全球影響力，以滿足市場多樣化的需求。

挑戰與機會：挑戰包括需要不斷進行技術創新和適應不斷變化的環境法規。儘管如此，預計向更永續的能源實踐轉型的機會將克服這些挑戰。

熱回收蒸汽產生器市場趨勢：

能源效率問題日益嚴重

在快速發展的工業格局中，能源效率是一個關鍵問題。減少能源消耗、減少對環境的影響正成為各行各業企業的首要任務。對永續性的高度關注正在催化對節能解決方案的需求，例如熱回收蒸汽發生器 (HRSG) 系統。 HRSG 系統旨在捕獲和再利用工業製程或發電過程中產生的廢熱。隨著公司努力減少碳足跡並削減營運成本，HRSG 系統提供了一個有吸引力的解決方案。它們不僅有助於節約能源，還能使企業滿足嚴格的排放法規。 HRSG 系統可以節省燃料消耗和營運費用。這種成本效益使其成為尋求最佳化營運同時為更環保的環境做出貢獻的公司的理想選擇。此外，人們對工業過程對環境的有害影響的認知不斷提高，這也推動了市場的成長。

在聯合循環發電廠的應用日益廣泛

全球向更清潔能源的轉變和不斷成長的電力需求正在增加聯合循環發電廠的採用。這些先進的設施利用燃氣和蒸汽渦輪機高效發電。 HRSG 裝置在這種發電廠中發揮關鍵作用，它能捕捉燃氣渦輪機排氣中的廢熱，並將其轉化為蒸汽，從而驅動蒸汽渦輪機產生額外的發電量。這種綜合方法顯著提高了聯合循環發電廠的整體發電效率。隨著世界各國政府鼓勵向更清潔的替代能源轉型，配備 HRSG 系統的聯合循環電廠變得越來越有吸引力。 HRSG 技術與減少溫室氣體排放和提供可靠發電的目標完全一致。因此，由於餘熱鍋爐與清潔電力生產密切相關，其需求正在增加。隨著越來越多的國家採用永續能源解決方案，從而推動對 HRSG 系統的需求，預計這一趨勢將持續下去。

工業擴張和基礎設施發展

隨著經濟成長和城市化進程的持續，對可靠發電解決方案的需求日益增加。 HRSG 系統不僅應用於傳統發電廠，也應用於石油和天然氣、化學品和製造業等各個產業。在這些領域，HRSG 裝置用於蒸汽生成和能量回收。工業領域的各種製程都需要蒸汽，而 HRSG 系統則可以透過利用廢熱來有效地提供蒸汽。這不僅降低了能源成本，而且還確保了更永續和環保的營運。工業設施和基礎設施項目的持續擴張凸顯了HRSG系統的重要性。它們使企業能夠有效地滿足其能源需求，同時遵守嚴格的環境法規。此外，HRSG技術的多功能性使其能夠適應廣泛的工業應用。

目錄

第 1 章：前言

第 2 章：範圍與方法

  • 研究目標
  • 利害關係人
  • 資料來源
    • 主要來源
    • 次要來源
  • 市場評估
    • 自下而上的方法
    • 自上而下的方法
  • 預測方法

第 3 章：執行摘要

第 4 章：簡介

  • 概述
  • 主要行業趨勢

第 5 章：全球熱回收蒸汽產生器市場

  • 市場概況
  • 市場表現
  • COVID-19 的影響
  • 市場預測

第6章：市場分裂：設計使然

  • 水平滾筒
  • 直立式滾筒

第7章：市場區隔：依實力評級

  • 30 兆瓦
  • 31 兆瓦 - 100 兆瓦
  • 100 兆瓦

第 8 章：市場區隔：按應用

  • 熱電聯產
  • 複合循環

第 9 章：市場區隔：按最終用戶

  • 公用事業
  • 化學品
  • 煉油廠
  • 紙漿和造紙
  • 其他

第 10 章：市場區隔：按地區

  • 北美洲
    • 美國
    • 加拿大
  • 亞太
    • 中國
    • 日本
    • 印度
    • 韓國
    • 澳洲
    • 印尼
    • 其他
  • 歐洲
    • 德國
    • 法國
    • 英國
    • 義大利
    • 西班牙
    • 俄羅斯
    • 其他
  • 拉丁美洲
    • 巴西
    • 墨西哥
    • 其他
  • 中東和非洲
    • 市場區隔：依國家

第 11 章：促進因素、限制因素與機遇

  • 概述
  • 驅動程式
  • 限制
  • 機會

第 12 章：價值鏈分析

第 13 章：波特五力分析

  • 概述
  • 買家的議價能力
  • 供應商的議價能力
  • 競爭程度
  • 新進入者的威脅
  • 替代品的威脅

第 14 章：價格分析

第 15 章：競爭格局

  • 市場結構
  • 關鍵參與者
  • 關鍵參與者簡介
    • AC Boilers SPA (Sofinter SpA)
    • Babcock & Wilcox Enterprises Inc.
    • Cleaver-Brooks Inc.
    • Clayton Industries Inc.
    • General Electric Company
    • John Cockerill
    • Kawasaki Heavy Industries Ltd.
    • Mitsubishi Heavy Industries Ltd.
    • Nooter/Eriksen Inc. (CIC Group Inc.)
    • NEM Energy BV
    • Rentech Boilers Systems Inc.
    • Thermax Limited
Product Code: SR112025A8232

The global heat recovery steam generator market size reached USD 1.33 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.88 Billion by 2033, exhibiting a growth rate (CAGR) of 3.76% during 2025-2033. The market is experiencing steady growth driven by the heightened awareness about the harmful impacts of industrial processes on the environment, rising energy demands in the industrial setups, and increasing diversification of energy sources to reduce carbon footprint.

Heat Recovery Steam Generator Market Analysis:

Market Growth and Size: The heat recovery steam generator (HRSG) market is experiencing stable growth, on account of the increasing demand for energy efficiency and sustainable power generation.

Major Market Drivers: Key drivers include the growing emphasis on reducing carbon emissions and enhancing operational efficiency in power generation and industrial processes.

Technological Advancements: Innovation in HRSG design and materials is leading to more efficient, flexible, and environment-friendly systems. Advancements, such as quicker start-up times and the ability to handle fluctuating power demands, are making HRSGs more appealing across various sectors.

Industry Applications: HRSGs find applications in diverse industries, including utility, chemicals, refineries, and pulp and paper. Their ability to recover waste heat for additional power generation or industrial use makes them valuable in enhancing energy efficiency across these sectors.

Key Market Trends: Trends include the increasing adoption of combined cycle and cogeneration plants and a focus on retrofitting existing plants with HRSGs. The demand for customized HRSG solutions tailored to specific industry needs is also rising.

Geographical Trends: North America dominates the market, supported by increasing energy demands in industrial setups. However, Asia Pacific is emerging as a fast-growing market on account of the increasing awareness and rising focus on reducing carbon footprint.

Competitive Landscape: The market is competitive, with key players engaged in technological innovation, strategic partnerships, and mergers and acquisitions (M&As). These companies are focusing on expanding their product portfolios and enhancing their global presence to meet the diverse needs of the market.

Challenges and Opportunities: Challenges include the need for continuous technological innovation and adaptation to changing environmental regulations. Nonetheless, opportunities for transitioning to more sustainable energy practices are projected to overcome these challenges.

Heat Recovery Steam Generator Market Trends:

Growing energy efficiency concerns

In the rapidly evolving industrial landscape, energy efficiency stands as a critical concern. The need to reduce energy consumption and minimize environmental impact is becoming a top priority for businesses across various sectors. This heightened focus on sustainability is catalyzing the demand for energy-efficient solutions like heat recovery steam generator (HRSG) systems. HRSG systems are designed to capture and reuse waste heat generated during industrial processes or power generation. As companies strive to reduce their carbon footprint and cut operational costs, HRSG systems provide an attractive solution. They not only help in conserving energy but also enable businesses to meet stringent emission regulations. HRSG systems can lead to savings in fuel consumption and operating expenses. This cost-effectiveness makes them an appealing choice for companies seeking to optimize their operations while simultaneously contributing to a greener environment. Moreover, the rising awareness about the harmful impacts of industrial processes on the environment is supporting the market growth.

Increasing adoption in combined cycle power plants

The global transition towards cleaner energy sources and the growing demand for electricity is increasing the adoption of combined cycle power plants. These advanced facilities generate electricity efficiently by utilizing both gas and steam turbines. HRSG units play a pivotal role in such power plants by capturing the waste heat from the gas turbine exhaust and converting it into steam, which drives a steam turbine for additional power generation. This integrated approach significantly boosts the overall efficiency of electricity generation in combined cycle power plants. With governments worldwide encouraging the transition to cleaner energy alternatives, combined cycle plants equipped with HRSG systems are becoming increasingly attractive. HRSG technology aligns perfectly with the goals of reducing greenhouse gas emissions and providing reliable power generation. As a result, the demand for HRSG is increasing due to its close association with cleaner power production. This trend is expected to continue as more countries embrace sustainable energy solutions, thereby driving the demand for HRSG systems.

Industrial expansion and infrastructure development

As economies grow and urbanization continues, the demand for reliable power generation solutions is escalating. HRSG systems are finding applications not only in traditional power plants but also in various industries, such as oil and gas, chemicals, and manufacturing. In these sectors, HRSG units are used for steam generation and energy recovery. Industries require steam for various processes, and HRSG systems efficiently provide it by harnessing waste heat. This not only reduces energy costs but also ensures a more sustainable and eco-friendly operation. The ongoing expansion of industrial facilities and infrastructure projects underscores the significance of HRSG systems. They enable businesses to meet their energy needs efficiently while adhering to stringent environmental regulations. Moreover, the versatility of HRSG technology makes it adaptable to a wide range of industrial applications.

Heat Recovery Steam Generator Industry Segmentation:

Breakup by Design:

  • Horizontal Drum
  • Vertical Drum

Horizontal drum accounts for the majority of the market share

The horizontal drum segment dominates the market, largely due to its widespread application in large power plants and industrial settings. This design typically features horizontal steam and water drums with vertically positioned heat exchange tubes. The horizontal configuration allows for a larger steam and water storage capacity, providing a more stable response to load changes and making it well-suited for high-capacity operations. Horizontal drum HRSGs are preferred in situations where space is not a major constraint, as they require a larger footprint compared to vertical drum units. Their design is often considered more accessible for maintenance and inspection, leading to lower operational downtime.

Vertical drum HRSGs, are characterized by their vertical steam and water drums with horizontally placed heat exchange tubes. This design is more compact, making it ideal for applications where space is limited, such as in marine and offshore environments or in modular power generation systems. Vertical drum HRSGs are generally considered to have a lower capital cost and can be more suitable for applications with lower power generation requirements. They are also beneficial in situations requiring quick start-up times, as their design can facilitate faster steam production.

Breakup by Power Rating:

  • 30 MW
  • 31 MW - 100 MW
  • 100 MW

100 MW holds the largest share in the industry

The segment of HRSGs with a power rating above 100 MW is the largest, primarily driven by their extensive use in large-scale power generation and heavy industrial applications. These HRSGs are integral to major combined cycle power plants and large cogeneration projects, where high power output and maximum efficiency are paramount. The large capacity of these HRSGs makes them ideal for pairing with high-output gas turbines, thereby significantly enhancing the overall efficiency of power plants. They are key in meeting the growing energy demands of urban centers and industrial hubs, providing a substantial amount of electricity while maintaining environmental standards.

HRSGs with a power rating of up to 30 MW are typically utilized in small-scale industrial applications, district heating, and some renewable energy projects. This segment caters to clients who require compact and efficient energy solutions for relatively lower power demands. These HRSGs are commonly found in industries where space is at a premium, and the energy requirements are not exceedingly high, such as in small manufacturing units, commercial buildings, or small power plants. The versatility and adaptability of these HRSGs to a variety of heat sources make them a popular choice for localized or specialized applications.

The 31 MW to 100 MW power rating segment of the HRSG market addresses the needs of medium-scale power generation facilities. This segment includes HRSGs used in combined heat and power (CHP) plants, medium-sized industrial facilities, and some renewable energy setups. These HRSGs strike a balance between power output and flexibility, making them suitable for a broad range of applications, including those needing moderate levels of steam and electricity.

Breakup by Application:

  • Cogeneration
  • Combined Cycle

Combined cycle represents the leading market segment

The combined cycle application segment is the largest in the HRSG market, primarily due to the widespread adoption of combined cycle gas turbine (CCGT) power plants globally. In these systems, HRSGs play a pivotal role by harnessing the waste heat from gas turbines to produce steam, which then drives a steam turbine to generate additional electricity. This process significantly enhances the overall efficiency of the power plant, often exceeding 60%, by making effective use of the fuel input. The demand for combined cycle plants is driven by their high efficiency, lower environmental impact compared to conventional fossil fuel plants, and their ability to provide flexible power generation that can quickly respond to fluctuations in electricity demand.

The cogeneration, or combined heat and power (CHP) systems, are designed to produce both electricity and thermal energy (steam or hot water) from a single fuel source. HRSGs in these systems capture the heat typically lost in power generation and use it for industrial processes, heating, or cooling. This application is particularly popular in industries with substantial heat and power requirements, such as chemical plants, paper mills, and district heating systems in urban areas. The efficiency of cogeneration systems can reach up to 80-90%, making them highly energy-efficient and cost-effective solutions.

Breakup by End User:

  • Utility
  • Chemicals
  • Refineries
  • Pulp and Paper
  • Others

Utility represents the leading market segment

The utility segment leads the HRSG market, largely due to the significant role these generators play in large-scale power generation plants, especially in combined cycle and cogeneration systems. Utilities deploy HRSGs to enhance the efficiency of power generation by recovering waste heat from gas turbines and converting it into additional electrical power. This not only maximizes the output from fuel but also reduces carbon emissions, aligning with global environmental sustainability goals. The demand in this segment is driven by the growing global energy consumption, the shift towards more efficient and cleaner power generation methods, and the need for modernizing aging power infrastructure.

In the chemicals industry, HRSGs are employed to utilize waste heat from various chemical processes for power generation and process heating. This segment values HRSGs for their ability to significantly improve energy efficiency and reduce operational costs. The chemical industry, characterized by energy-intensive processes, benefits from the integration of HRSGs by minimizing fuel consumption and lowering greenhouse gas emissions.

HRSGs in the refinery sector are essential for recovering waste heat from refining processes and converting it into steam or electricity, which can be used within the refinery. This application is crucial for enhancing overall energy efficiency and reducing the carbon footprint of refining operations. Refineries are among the most energy-intensive industrial facilities, and the implementation of HRSG technology helps in optimizing energy use and reducing operational costs.

The pulp and paper industry utilizes these HSRGs for generating power and process steam from waste heat sources within the manufacturing process. This industry is traditionally energy-intensive, and the adoption of HRSGs allows for significant improvements in energy efficiency and cost reduction. By recovering waste heat for in-house power and steam generation, pulp and paper plants can reduce their reliance on external energy sources, thereby decreasing operational costs and environmental impact.

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

North America leads the market, accounting for the largest heat recovery steam generator market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America accounted for the largest market share.

The North America heat recovery steam generator market is driven by the modernization of aging power plants and the shift towards more efficient, cleaner power generation technologies. Additionally, stringent environmental regulations in North America encourage the adoption of HRSGs to reduce greenhouse gas emissions.

Asia Pacific maintains a strong presence driven by the growing focus on expanding power generation capacities, especially through combined cycle and cogeneration plants, to meet the growing electricity needs of the urbanizing population.

Europe stands as another key region in the market on account of the increasing emphasis on renewable energy and sustainability.

Latin America exhibits growing potential in the heat recovery steam generator market, fueled by the need to improve energy efficiency and reduce the cost of power generation in the region.

The Middle East and Africa region is experiencing growth on account of the increasing focus on gas-fired combined cycle plants.

Leading Key Players in the Heat Recovery Steam Generator Industry:

Key players in the heat recovery steam generator (HRSG) market are actively engaged in various strategic activities to strengthen their market position. These companies are focusing on technological innovation to enhance the efficiency, flexibility, and environmental compatibility of their HRSG systems. Many are investing in research and development (R&D) to introduce advanced materials and designs that enable quicker start-up times and greater adaptability to fluctuating power demands. There is also a trend of strategic partnerships and collaborations with power generation companies and industries to expand their market reach and offer customized solutions. Additionally, these players are increasingly involved in mergers and acquisitions (M&As) to consolidate their market presence and enhance their product portfolios, aiming to cater to the diverse needs of a global customer base. This strategic focus not only drives competition within the market but also accelerates the adoption of HRSG technologies in various sectors, aligning with global energy efficiency and sustainability goals.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

  • AC Boilers S.P.A (Sofinter S.p.A.)
  • Babcock & Wilcox Enterprises Inc.
  • Cleaver-Brooks Inc.
  • Clayton Industries Inc.
  • General Electric Company
  • John Cockerill
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Nooter/Eriksen Inc. (CIC Group Inc.)
  • NEM Energy B.V.
  • Rentech Boilers Systems Inc.
  • Thermax Limited

Key Questions Answered in This Report:

  • How has the global heat recovery steam generator market performed so far, and how will it perform in the coming years?
  • What are the drivers, restraints, and opportunities in the global heat recovery steam generator market?
  • What is the impact of each driver, restraint, and opportunity on the global heat recovery steam generator market?
  • What are the key regional markets?
  • Which countries represent the most attractive heat recovery steam generator market?
  • What is the breakup of the market based on the design?
  • Which is the most attractive design in the heat recovery steam generator market?
  • What is the breakup of the market based on the power rating?
  • Which is the most attractive power rating in the heat recovery steam generator market?
  • What is the breakup of the market based on the application?
  • Which is the most attractive application in the heat recovery steam generator market?
  • What is the breakup of the market based on the end user?
  • Which is the most attractive end user in the heat recovery steam generator market
  • What is the competitive structure of the market?
  • Who are the key players/companies in the global heat recovery steam generator market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Heat Recovery Steam Generator Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Design

  • 6.1 Horizontal Drum
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Vertical Drum
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast

7 Market Breakup by Power Rating

  • 7.1 30 MW
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 31 MW - 100 MW
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 100 MW
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Cogeneration
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Combined Cycle
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast

9 Market Breakup by End User

  • 9.1 Utility
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Chemicals
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Refineries
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Pulp and Paper
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Others
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia-Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 Drivers, Restraints, and Opportunities

  • 11.1 Overview
  • 11.2 Drivers
  • 11.3 Restraints
  • 11.4 Opportunities

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 AC Boilers S.P.A (Sofinter S.p.A.)
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
    • 15.3.2 Babcock & Wilcox Enterprises Inc.
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
    • 15.3.3 Cleaver-Brooks Inc.
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
    • 15.3.4 Clayton Industries Inc.
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 General Electric Company
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
      • 15.3.5.4 SWOT Analysis
    • 15.3.6 John Cockerill
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 Kawasaki Heavy Industries Ltd.
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Mitsubishi Heavy Industries Ltd.
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 Nooter/Eriksen Inc. (CIC Group Inc.)
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
    • 15.3.10 NEM Energy B.V.
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
    • 15.3.11 Rentech Boilers Systems Inc.
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
    • 15.3.12 Thermax Limited
      • 15.3.12.1 Company Overview
      • 15.3.12.2 Product Portfolio

Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

List of Figures

  • Figure 1: Global: Heat Recovery Steam Generator Market: Major Drivers and Challenges
  • Figure 2: Global: Heat Recovery Steam Generator Market: Sales Value (in Billion USD), 2019-2024
  • Figure 3: Global: Heat Recovery Steam Generator Market Forecast: Sales Value (in Billion USD), 2025-2033
  • Figure 4: Global: Heat Recovery Steam Generator Market: Breakup by Design (in %), 2024
  • Figure 5: Global: Heat Recovery Steam Generator Market: Breakup by Power Rating (in %), 2024
  • Figure 6: Global: Heat Recovery Steam Generator Market: Breakup by Application (in %), 2024
  • Figure 7: Global: Heat Recovery Steam Generator Market: Breakup by End User (in %), 2024
  • Figure 8: Global: Heat Recovery Steam Generator Market: Breakup by Region (in %), 2024
  • Figure 9: Global: Heat Recovery Steam Generator (Horizontal Drum) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 10: Global: Heat Recovery Steam Generator (Horizontal Drum) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 11: Global: Heat Recovery Steam Generator (Vertical Drum) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 12: Global: Heat Recovery Steam Generator (Vertical Drum) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 13: Global: Heat Recovery Steam Generator (30 MW) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 14: Global: Heat Recovery Steam Generator (30 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 15: Global: Heat Recovery Steam Generator (31 MW - 100 MW) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 16: Global: Heat Recovery Steam Generator (31 MW - 100 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 17: Global: Heat Recovery Steam Generator (100 MW) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 18: Global: Heat Recovery Steam Generator (100 MW) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 19: Global: Heat Recovery Steam Generator (Cogeneration) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 20: Global: Heat Recovery Steam Generator (Cogeneration) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 21: Global: Heat Recovery Steam Generator (Combined Cycle) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 22: Global: Heat Recovery Steam Generator (Combined Cycle) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 23: Global: Heat Recovery Steam Generator (Utility) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 24: Global: Heat Recovery Steam Generator (Utility) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 25: Global: Heat Recovery Steam Generator (Chemicals) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 26: Global: Heat Recovery Steam Generator (Chemicals) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 27: Global: Heat Recovery Steam Generator (Refineries) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 28: Global: Heat Recovery Steam Generator (Refineries) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 29: Global: Heat Recovery Steam Generator (Pulp and Paper) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 30: Global: Heat Recovery Steam Generator (Pulp and Paper) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 31: Global: Heat Recovery Steam Generator (Other End Users) Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 32: Global: Heat Recovery Steam Generator (Other End Users) Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 33: North America: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 34: North America: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 35: United States: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 36: United States: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 37: Canada: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 38: Canada: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 39: Asia-Pacific: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 40: Asia-Pacific: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 41: China: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 42: China: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 43: Japan: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 44: Japan: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 45: India: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 46: India: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 47: South Korea: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 48: South Korea: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 49: Australia: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 50: Australia: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 51: Indonesia: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 52: Indonesia: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 53: Others: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 54: Others: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 55: Europe: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 56: Europe: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 57: Germany: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 58: Germany: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 59: France: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 60: France: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 61: United Kingdom: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 62: United Kingdom: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 63: Italy: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 64: Italy: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 65: Spain: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 66: Spain: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 67: Russia: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 68: Russia: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 69: Others: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 70: Others: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 71: Latin America: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 72: Latin America: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 73: Brazil: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 74: Brazil: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 75: Mexico: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 76: Mexico: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 77: Others: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 78: Others: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 79: Middle East and Africa: Heat Recovery Steam Generator Market: Sales Value (in Million USD), 2019 & 2024
  • Figure 80: Middle East and Africa: Heat Recovery Steam Generator Market: Breakup by Country (in %), 2024
  • Figure 81: Middle East and Africa: Heat Recovery Steam Generator Market Forecast: Sales Value (in Million USD), 2025-2033
  • Figure 82: Global: Heat Recovery Steam Generator Industry: Drivers, Restraints, and Opportunities
  • Figure 83: Global: Heat Recovery Steam Generator Industry: Value Chain Analysis
  • Figure 84: Global: Heat Recovery Steam Generator Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Heat Recovery Steam Generator Market: Key Industry Highlights, 2024 & 2033
  • Table 2: Global: Heat Recovery Steam Generator Market Forecast: Breakup by Design (in Million USD), 2025-2033
  • Table 3: Global: Heat Recovery Steam Generator Market Forecast: Breakup by Power Rating (in Million USD), 2025-2033
  • Table 4: Global: Heat Recovery Steam Generator Market Forecast: Breakup by Application (in Million USD), 2025-2033
  • Table 5: Global: Heat Recovery Steam Generator Market Forecast: Breakup by End User (in Million USD), 2025-2033
  • Table 6: Global: Heat Recovery Steam Generator Market Forecast: Breakup by Region (in Million USD), 2025-2033
  • Table 7: Global: Heat Recovery Steam Generator Market: Competitive Structure
  • Table 8: Global: Heat Recovery Steam Generator Market: Key Players