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Heat Recovery Steam Generator Market Size, Share, Demand, Report, Forecast 2024

The global heat recovery steam generator market size reached US$ 1.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.95% during 2024-2032.

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Heat Recovery Steam Generator Market Size, Share, Demand, Report, Forecast 2024

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  1. Global Heat Recovery Steam Generator Market Research and Forecast Report 2024-2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved

  2. About IMARC Group • International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. • IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. • IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

  3. Report Highlight and Description • According to the latest report by IMARC Group, titled "Heat Recovery Steam Generator Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,"The global Heat Recovery Steam Generator market size reached US$ 258.6 Billion in 2023. • The global heat recovery steam generator (HRSG) market is primarily driven by the growing emphasis on energy efficiency and the increasing adoption of combined cycle power plants. The rising electricity demand, coupled with stringent environmental regulations aimed at reducing greenhouse gas emissions, propels the market growth. The shift towards renewable energy sources and the integration of HRSGs in renewable energy projects, such as solar thermal power plants, further stimulates market expansion. Additionally, technological advancements in HRSG design and manufacturing, enhancing their efficiency and operational flexibility, contribute to the market's growth. The rise in industrial activities, particularly in the chemical, petrochemical, and manufacturing sectors, necessitates efficient waste heat recovery solutions, driving the demand for HRSGs. Furthermore, government incentives and policies promoting the adoption of energy-efficient technologies, along with the growing investments in infrastructure development, provide a significant boost to the HRSG market. • Looking forward, IMARC Group expects the market to reach US$ 774.2 Billion by 2032, exhibiting a growth rate (CAGR) of 12.96% during 2024-2032. • Request for a PDF sample of this report: • https://www.imarcgroup.com/heat-recovery-steam-generator-market/requestsample

  4. Report Description • Global Heat Recovery Steam Generator Market Trends: • The scope of the market is expanding as industries increasingly prioritize energy efficiency and sustainability. The market is experiencing robust growth due to the rising adoption of HRSGs in combined cycle power plants, which offer higher efficiency and lower emissions compared to conventional power plants. The development of advanced HRSG technologies, such as modular and compact designs, provides cost-effective and flexible solutions for various industrial applications. Additionally, the increasing focus on waste heat recovery in industrial processes to enhance energy utilization drives the demand for HRSGs. • The market growth is further supported by the expansion of renewable energy projects, where HRSGs are integrated to improve overall energy efficiency. Strategic initiatives by key market players, such as mergers, acquisitions, and collaborations, enhance market competitiveness and innovation. Continuous advancements in material science and manufacturing technologies also contribute to the dynamic growth trajectory of the HRSG market, offering improved performance and reliability. • View Report TOC, Figures and Tables: https://www.imarcgroup.com/heat-recovery-steam-generator-market

  5. Report Segmentation • Breakup by Design: • Horizontal Drum • Vertical Drum • Breakup by Power Rating: • 30 MW • 31 MW - 100 MW • 100 MW • Breakup by Application: • Cogeneration • Combined Cycle

  6. Breakup by End User: • Utility • Chemicals • Refineries • Pulp and Paper • Others • 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 Report Segmentation

  7. Competitive Landscape • 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

  8. Key Questions Answered in the 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?

  9. Key Questions Answered in the Report 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?

  10. Key Questions Answered in the Report 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?

  11. 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 Table of Contents

  12. 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 Table of Contents

  13. 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 Table of Contents

  14. 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 Table of Contents

  15. 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 Table of Contents

  16. 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 • For more information, visit: https://www.imarcgroup.com/heat-recovery-steam-generator-market/toc Table of Contents

  17. Partial List of Clients

  18. Partial List of Clients

  19. Disclaimer © 2024 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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