A heat recovery steam generator or HRSG is an energy recovery heat exchanger that recovers heat from a hot gas stream. It produces steam that can be used in a process (cogeneration) or used to drive a steam turbine (combined cycle).
This report contains market size and forecasts of Heat Recovery Steam Generator (HRSG) in global, including the following market information:
Global Heat Recovery Steam Generator (HRSG) Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Heat Recovery Steam Generator (HRSG) Market Sales, 2017-2022, 2023-2028, (MW)
Global top five Heat Recovery Steam Generator (HRSG) companies in 2021 (%)
The global Heat Recovery Steam Generator (HRSG) market was valued at 2048.6 million in 2021 and is projected to reach US$ 2370.3 million by 2028, at a CAGR of 2.1% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Below 50MW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Heat Recovery Steam Generator (HRSG) include BHI, Foster Wheeler, Nooter Eriksen, CMI Energy, Alstom Power, Doosan E&C, Siemens (NEM Energy), VOGT Power and STF, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Heat Recovery Steam Generator (HRSG) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Heat Recovery Steam Generator (HRSG) Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Heat Recovery Steam Generator (HRSG) Market Segment Percentages, by Type, 2021 (%)
Below 50MW
50MW-100MW
100MW-300MW
Over 300MW
Global Heat Recovery Steam Generator (HRSG) Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Heat Recovery Steam Generator (HRSG) Market Segment Percentages, by Application, 2021 (%)
Power Station
Industrial Production
Global Heat Recovery Steam Generator (HRSG) Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MW)
Global Heat Recovery Steam Generator (HRSG) Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Heat Recovery Steam Generator (HRSG) revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Heat Recovery Steam Generator (HRSG) revenues share in global market, 2021 (%)
Key companies Heat Recovery Steam Generator (HRSG) sales in global market, 2017-2022 (Estimated), (MW)
Key companies Heat Recovery Steam Generator (HRSG) sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
Siemens (NEM Energy)
VOGT Power
STF
Babcock & Wilcox
Mitsubishi
Hangzhou Boiler
Bharat Heavy Electricals
Wuxi Huaguang