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Heat Recovery Steam Generator (HRSG)

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).

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Product & engineering

Understand the product.

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).

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Market Structure

Global Heat Recovery Steam Generator (HRSG) Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032

21 December 2025198 pages

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Industry ResearchHeat Recovery Steam Generator (HRSG) Industry Research Report 2026123 pages · $2,950 USDIndustry Growth & TrendsGlobal Heat Recovery Steam Generator (HRSG) Industry Growth and Trends Forecast to 2032106 pages · $3,450 USDMarket StructureGlobal Heat Recovery Steam Generator (HRSG) Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032198 pages · $3,950 USDMarket Outlook & Growth OpportunitiesGlobal Heat Recovery Steam Generator (HRSG) Market Outlook and Growth Opportunities 2026191 pages · $4,250 USDMarket Analysis & ForecastGlobal Heat Recovery Steam Generator (HRSG) Market Analysis and Forecast 2026-2032210 pages · $4,950 USD

Market perspective

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).

Global Heat Recovery Steam Generator (HRSG) key players include Nooter Eriksen, BHI, CMI Energy, Doosan E&C, etc. Global top four manufacturers hold a share over 30%.

North America is the largest market, with a share about 25%, followed by China, and Europe, both have a share about 45 percent.

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In terms of product, 100MW-300MW is the largest segment, with a share over 55%. And in terms of application, the largest application is Power Station, followed by Industrial Production.

The report provides an overview of the global Heat Recovery Steam Generator (HRSG) market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.

The study covers key producers of Heat Recovery Steam Generator (HRSG) and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.

The report also presents Heat Recovery Steam Generator (HRSG) sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.

In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Heat Recovery Steam Generator (HRSG) market size, projected growth trends, production technologies, key applications, and end-use industries.

Heat Recovery Steam Generator (HRSG) Segment by Company

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

Heat Recovery Steam Generator (HRSG) Segment by Type

Below 50MW

50MW-100MW

100MW-300MW

Over 300MW

Heat Recovery Steam Generator (HRSG) Segment by Application

Power Station

Industrial Production

Heat Recovery Steam Generator (HRSG) Segment by Region

North America

United States

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Spain

Netherlands

Switzerland

Sweden

Poland

Asia-Pacific

China

Japan

South Korea

India

Australia

Taiwan

Southeast Asia

South America

Brazil

Argentina

Chile

Middle East & Africa

Egypt

South Africa

Israel

Türkiye

GCC Countries

Study Objectives

1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.

2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.

3. To split the breakdown data by regions, type, manufacturers, and Application.

4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.

5. To identify significant trends, drivers, influence factors in global and regions.

6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

Reasons to Buy This Report

1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Heat Recovery Steam Generator (HRSG) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

2. This report will help stakeholders to understand the global industry status and trends of Heat Recovery Steam Generator (HRSG) and provides them with information on key market drivers, restraints, challenges, and opportunities.

3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.

4. This report stays updated with novel technology integration, features, and the latest developments in the market.

5. This report helps stakeholders to gain insights into which regions to target globally.

6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Heat Recovery Steam Generator (HRSG).

7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Chapter Outline

Chapter 1: Provides an overview of the Heat Recovery Steam Generator (HRSG) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).

Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Heat Recovery Steam Generator (HRSG) industry.

Chapter 3: Detailed analysis of Heat Recovery Steam Generator (HRSG) market competition landscape. Including Heat Recovery Steam Generator (HRSG) manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.

Chapter 7: Production/Production Value of Heat Recovery Steam Generator (HRSG) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 8: Consumption of Heat Recovery Steam Generator (HRSG) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.

Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 10: Concluding Insights of the report.

More report detail

Tables and figures
List of Tables Table 1. Heat Recovery Steam Generator (HRSG) Industry Trends Table 2. Heat Recovery Steam Generator (HRSG) Industry Drivers Table 3. Heat Recovery Steam Generator (HRSG) Industry Opportunities and Challenges Table 4. Heat Recovery Steam Generator (HRSG) Industry Restraints Table 5. Global Heat Recovery Steam Generator (HRSG) Production Value by Manufacturers (US$ Million) & (2021-2026) Table 6. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Manufacturers (2021-2026) Table 7. Global Heat Recovery Steam Generator (HRSG) Production by Manufacturers (MW) & (2021-2026) Table 8. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Manufacturers Table 9. Global Heat Recovery Steam Generator (HRSG) Average Price (USD/MW) of Manufacturers (2021-2026) Table 10. Global Heat Recovery Steam Generator (HRSG) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026 Table 11. Global Heat Recovery Steam Generator (HRSG) Key Manufacturers Manufacturing Sites & Headquarters Table 12. Global Heat Recovery Steam Generator (HRSG) Manufacturers, Product Type & Application Table 13. Global Heat Recovery Steam Generator (HRSG) Manufacturers Established Date Table 14. Global Manufacturers Market Concentration Ratio (CR5 and HHI) Table 15. Global Heat Recovery Steam Generator (HRSG) by Manufacturers Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value of 2025) Table 16. Major Manufacturers of Below 50MW Table 17. Major Manufacturers of 50MW-100MW Table 18. Major Manufacturers of 100MW-300MW Table 19. Major Manufacturers of Over 300MW Table 20. Global Heat Recovery Steam Generator (HRSG) Production by Type 2021 VS 2025 VS 2032 (MW) Table 21. Global Heat Recovery Steam Generator (HRSG) Production by Type (2021-2026) & (MW) Table 22. Global Heat Recovery Steam Generator (HRSG) Production by Type (2027-2032) & (MW) Table 23. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2021-2026) Table 24. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2027-2032) Table 25. Global Heat Recovery Steam Generator (HRSG) Production Value by Type 2021 VS 2025 VS 2032 (MW) Table 26. Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2021-2026) & (MW) Table 27. Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2027-2032) & (MW) Table 28. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2021-2026) Table 29. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2027-2032) Table 30. Major Manufacturers of Power Station Table 31. Major Manufacturers of Industrial Production Table 32. Global Heat Recovery Steam Generator (HRSG) Production by Application 2021 VS 2025 VS 2032 (MW) Table 33. Global Heat Recovery Steam Generator (HRSG) Production by Application (2021-2026) & (MW) Table 34. Global Heat Recovery Steam Generator (HRSG) Production by Application (2027-2032) & (MW) Table 35. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2021-2026) Table 36. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2027-2032) Table 37. Global Heat Recovery Steam Generator (HRSG) Production Value by Application 2021 VS 2025 VS 2032 (MW) Table 38. Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2021-2026) & (MW) Table 39. Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2027-2032) & (MW) Table 40. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2021-2026) Table 41. Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2027-2032) Table 42. BHI Company Information Table 43. BHI Business Overview Table 44. BHI Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 45. BHI Heat Recovery Steam Generator (HRSG) Product Portfolio Table 46. BHI Recent Development Table 47. Foster Wheeler Company Information Table 48. Foster Wheeler Business Overview Table 49. Foster Wheeler Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 50. Foster Wheeler Heat Recovery Steam Generator (HRSG) Product Portfolio Table 51. Foster Wheeler Recent Development Table 52. Nooter Eriksen Company Information Table 53. Nooter Eriksen Business Overview Table 54. Nooter Eriksen Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 55. Nooter Eriksen Heat Recovery Steam Generator (HRSG) Product Portfolio Table 56. Nooter Eriksen Recent Development Table 57. CMI Energy Company Information Table 58. CMI Energy Business Overview Table 59. CMI Energy Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 60. CMI Energy Heat Recovery Steam Generator (HRSG) Product Portfolio Table 61. CMI Energy Recent Development Table 62. Alstom Power Company Information Table 63. Alstom Power Business Overview Table 64. Alstom Power Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 65. Alstom Power Heat Recovery Steam Generator (HRSG) Product Portfolio Table 66. Alstom Power Recent Development Table 67. Doosan E&C Company Information Table 68. Doosan E&C Business Overview Table 69. Doosan E&C Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 70. Doosan E&C Heat Recovery Steam Generator (HRSG) Product Portfolio Table 71. Doosan E&C Recent Development Table 72. Siemens (NEM Energy) Company Information Table 73. Siemens (NEM Energy) Business Overview Table 74. Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 75. Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Product Portfolio Table 76. Siemens (NEM Energy) Recent Development Table 77. VOGT Power Company Information Table 78. VOGT Power Business Overview Table 79. VOGT Power Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 80. VOGT Power Heat Recovery Steam Generator (HRSG) Product Portfolio Table 81. VOGT Power Recent Development Table 82. STF Company Information Table 83. STF Business Overview Table 84. STF Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 85. STF Heat Recovery Steam Generator (HRSG) Product Portfolio Table 86. STF Recent Development Table 87. Babcock & Wilcox Company Information Table 88. Babcock & Wilcox Business Overview Table 89. Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 90. Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Product Portfolio Table 91. Babcock & Wilcox Recent Development Table 92. Mitsubishi Company Information Table 93. Mitsubishi Business Overview Table 94. Mitsubishi Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 95. Mitsubishi Heat Recovery Steam Generator (HRSG) Product Portfolio Table 96. Mitsubishi Recent Development Table 97. Hangzhou Boiler Company Information Table 98. Hangzhou Boiler Business Overview Table 99. Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 100. Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Product Portfolio Table 101. Hangzhou Boiler Recent Development Table 102. Bharat Heavy Electricals Company Information Table 103. Bharat Heavy Electricals Business Overview Table 104. Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 105. Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Product Portfolio Table 106. Bharat Heavy Electricals Recent Development Table 107. Wuxi Huaguang Company Information Table 108. Wuxi Huaguang Business Overview Table 109. Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Production (MW), Value (US$ Million), Price (USD/MW) and Gross Margin (2021-2026) Table 110. Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Product Portfolio Table 111. Wuxi Huaguang Recent Development Table 112. Global Heat Recovery Steam Generator (HRSG) Production by Region: 2021 VS 2025 VS 2032 (MW) Table 113. Global Heat Recovery Steam Generator (HRSG) Production by Region (2021-2026) & (MW) Table 114. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Region (2021-2026) Table 115. Global Heat Recovery Steam Generator (HRSG) Production Forecast by Region (2027-2032) & (MW) Table 116. Global Heat Recovery Steam Generator (HRSG) Production Market Share Forecast by Region (2027-2032) Table 117. Global Heat Recovery Steam Generator (HRSG) Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Table 118. Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2021-2026) & (US$ Million) Table 119. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Region (2021-2026) Table 120. Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2027-2032) & (US$ Million) Table 121. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Region: (2027-2032) & (US$ Million) Table 122. Global Heat Recovery Steam Generator (HRSG) Market Average Price (USD/MW) by Region (2021-2026) Table 123. Global Heat Recovery Steam Generator (HRSG) Market Average Price (USD/MW) by Region (2027-2032) Table 124. Global Heat Recovery Steam Generator (HRSG) Consumption by Region: 2021 VS 2025 VS 2032 (MW) Table 125. Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2021-2026) & (MW) Table 126. Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Region (2021-2026) Table 127. Global Heat Recovery Steam Generator (HRSG) Consumption Forecasted by Region (2027-2032) & (MW) Table 128. Global Heat Recovery Steam Generator (HRSG) Consumption Forecasted Market Share by Region (2027-2032) Table 129. North America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (MW) Table 130. North America Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2026) & (MW) Table 131. North America Heat Recovery Steam Generator (HRSG) Consumption by Country (2027-2032) & (MW) Table 132. Europe Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (MW) Table 133. Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2026) & (MW) Table 134. Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (2027-2032) & (MW) Table 135. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (MW) Table 136. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2026) & (MW) Table 137. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Country (2027-2032) & (MW) Table 138. South America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (MW) Table 139. South America Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2026) & (MW) Table 140. South America Heat Recovery Steam Generator (HRSG) Consumption by Country (2027-2032) & (MW) Table 141. Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032 (MW) Table 142. Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2026) & (MW) Table 143. Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (2027-2032) & (MW) Table 144. Key Raw Materials Table 145. Raw Materials Key Suppliers Table 146. Heat Recovery Steam Generator (HRSG) Distributors List Table 147. Heat Recovery Steam Generator (HRSG) Customers List Table 148. Research Programs/Design for This Report Table 149. Authors List of This Report Table 150. Secondary Sources Table 151. Primary Sources List of Figures Figure 1. Heat Recovery Steam Generator (HRSG) Product Image Figure 2. Global Heat Recovery Steam Generator (HRSG) Production Value (US$ Million), 2021 VS 2025 VS 2032 Figure 3. Global Heat Recovery Steam Generator (HRSG) Production Value (2021-2032) & (US$ Million) Figure 4. Global Heat Recovery Steam Generator (HRSG) Production Capacity (2021-2032) & (MW) Figure 5. Global Heat Recovery Steam Generator (HRSG) Production (2021-2032) & (MW) Figure 6. Global Heat Recovery Steam Generator (HRSG) Average Price (USD/MW) & (2021-2032) Figure 7. Global Top 5 and 10 Heat Recovery Steam Generator (HRSG) Players Market Share by Production Value in 2025 Figure 8. Manufacturers Type (Tier 1, Tier 2, and Tier 3): 2021 VS 2025 Figure 9. Below 50MW Image Figure 10. 50MW-100MW Image Figure 11. 100MW-300MW Image Figure 12. Over 300MW Image Figure 13. Global Heat Recovery Steam Generator (HRSG) Production by Type (2021 VS 2025 VS 2032) & (MW) Figure 14. Global Heat Recovery Steam Generator (HRSG) Production Market Share 2021 VS 2025 VS 2032 Figure 15. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2021-2032) Figure 16. Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2021 VS 2025 VS 2032) & (MW) Figure 17. Global Heat Recovery Steam Generator (HRSG) Production Value Share 2021 VS 2025 VS 2032 Figure 18. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Type (2021-2032) Figure 19. Power Station Image Figure 20. Industrial Production Image Figure 21. Global Heat Recovery Steam Generator (HRSG) Production by Application (2021 VS 2025 VS 2032) & (MW) Figure 22. Global Heat Recovery Steam Generator (HRSG) Production Market Share 2021 VS 2025 VS 2032 Figure 23. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2021-2032) Figure 24. Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2021 VS 2025 VS 2032) & (MW) Figure 25. Global Heat Recovery Steam Generator (HRSG) Production Value Share 2021 VS 2025 VS 2032 Figure 26. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Application (2021-2032) Figure 27. Global Heat Recovery Steam Generator (HRSG) Production by Region: 2021 VS 2025 VS 2032 (MW) Figure 28. Global Heat Recovery Steam Generator (HRSG) Production Market Share by Region: 2021 VS 2025 VS 2032 Figure 29. Global Heat Recovery Steam Generator (HRSG) Production Value Comparison by Region: 2021 VS 2025 VS 2032 (US$ Million) Figure 30. Global Heat Recovery Steam Generator (HRSG) Production Value Share by Region: 2021 VS 2025 VS 2032 Figure 31. North America Heat Recovery Steam Generator (HRSG) Production Value (2021-2032) & (US$ Million) Figure 32. Europe Heat Recovery Steam Generator (HRSG) Production Value (2021-2032) & (US$ Million) Figure 33. Asia-Pacific Heat Recovery Steam Generator (HRSG) Production Value (2021-2032) & (US$ Million) Figure 34. South America Heat Recovery Steam Generator (HRSG) Production Value (2021-2032) & (US$ Million) Figure 35. Middle East & Africa Heat Recovery Steam Generator (HRSG) Production Value (2021-2032) & (US$ Million) Figure 36. North America Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 37. North America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021-2032) Figure 38. U.S. Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 39. Canada Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 40. Mexico Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 41. Europe Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 42. Europe Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021-2032) Figure 43. Germany Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 44. France Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 45. U.K. Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 46. Italy Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 47. Netherlands Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 48. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 49. Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021-2032) Figure 50. China Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 51. Japan Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 52. South Korea Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 53. Southeast Asia Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 54. India Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 55. Australia Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 56. South America Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 57. South America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021-2032) Figure 58. Brazil Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 59. Argentina Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 60. Chile Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 61. Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 62. Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Market Share by Country (2021-2032) Figure 63. Egypt Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 64. South Africa Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 65. Israel Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 66. Türkiye Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 67. GCC Countries Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2021-2032) & (MW) Figure 68. Heat Recovery Steam Generator (HRSG) Value Chain Figure 69. Manufacturing Cost Structure Figure 70. Heat Recovery Steam Generator (HRSG) Production Mode & Process Figure 71. Direct Comparison with Distribution Share Figure 72. Distributors Profiles Figure 73. Years Considered Figure 74. Research Process Figure 75. Key Executives Interviewed

Scope & coverage.

Types
  • Below 50MW
  • 50MW-100MW
  • 100MW-300MW
  • Over 300MW
Applications
  • Power Station
  • Industrial Production
Companies covered
  • 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

Inside the report.

1 Market Overview
  1. 1.1 Product Definition
  2. 1.2 Global Market Growth Prospects
  3. 1.2.1 Global Heat Recovery Steam Generator (HRSG) Production Value Estimates and Forecasts (2021-2032)
  4. 1.2.2 Global Heat Recovery Steam Generator (HRSG) Production Capacity Estimates and Forecasts (2021-2032)
  5. 1.2.3 Global Heat Recovery Steam Generator (HRSG) Production Estimates and Forecasts (2021-2032)
  6. 1.2.4 Global Heat Recovery Steam Generator (HRSG) Market Average Price (2021-2032)
  7. 1.3 Assumptions and Limitations
  8. 1.4 Study Goals and Objectives
2 Global Heat Recovery Steam Generator (HRSG) Market Dynamics
  1. 2.1 Heat Recovery Steam Generator (HRSG) Industry Trends
  2. 2.2 Heat Recovery Steam Generator (HRSG) Industry Drivers
  3. 2.3 Heat Recovery Steam Generator (HRSG) Industry Opportunities and Challenges
  4. 2.4 Heat Recovery Steam Generator (HRSG) Industry Restraints
3 Heat Recovery Steam Generator (HRSG) Market by Manufacturers
  1. 3.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Manufacturers (2021-2026)
  2. 3.2 Global Heat Recovery Steam Generator (HRSG) Production by Manufacturers (2021-2026)
  3. 3.3 Global Heat Recovery Steam Generator (HRSG) Average Price by Manufacturers (2021-2026)
  4. 3.4 Global Heat Recovery Steam Generator (HRSG) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
  5. 3.5 Global Heat Recovery Steam Generator (HRSG) Key Manufacturers Manufacturing Sites & Headquarters
  6. 3.6 Global Heat Recovery Steam Generator (HRSG) Manufacturers, Product Type & Application
  7. 3.7 Global Heat Recovery Steam Generator (HRSG) Manufacturers Established Date
  8. 3.8 Market Competitive Analysis
  9. 3.8.1 Global Heat Recovery Steam Generator (HRSG) Market CR5 and HHI
  10. 3.8.2 Global Top 5 and 10 Heat Recovery Steam Generator (HRSG) Players Market Share by Production Value in 2025
  11. 3.8.3 2025 Heat Recovery Steam Generator (HRSG) Tier 1, Tier 2, and Tier 3
4 Heat Recovery Steam Generator (HRSG) Market by Type
  1. 4.1 Heat Recovery Steam Generator (HRSG) Type Introduction
  2. 4.1.1 Below 50MW
  3. 4.1.2 50MW-100MW
  4. 4.1.3 100MW-300MW
  5. 4.1.4 Over 300MW
  6. 4.2 Global Heat Recovery Steam Generator (HRSG) Production by Type
  7. 4.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Type (2021 VS 2025 VS 2032)
  8. 4.2.2 Global Heat Recovery Steam Generator (HRSG) Production by Type (2021-2032)
  9. 4.2.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Type (2021-2032)
  10. 4.3 Global Heat Recovery Steam Generator (HRSG) Production Value by Type
  11. 4.3.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2021 VS 2025 VS 2032)
  12. 4.3.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Type (2021-2032)
  13. 4.3.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Type (2021-2032)
5 Heat Recovery Steam Generator (HRSG) Market by Application
  1. 5.1 Heat Recovery Steam Generator (HRSG) Application Introduction
  2. 5.1.1 Power Station
  3. 5.1.2 Industrial Production
  4. 5.2 Global Heat Recovery Steam Generator (HRSG) Production by Application
  5. 5.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Application (2021 VS 2025 VS 2032)
  6. 5.2.2 Global Heat Recovery Steam Generator (HRSG) Production by Application (2021-2032)
  7. 5.2.3 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Application (2021-2032)
  8. 5.3 Global Heat Recovery Steam Generator (HRSG) Production Value by Application
  9. 5.3.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2021 VS 2025 VS 2032)
  10. 5.3.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Application (2021-2032)
  11. 5.3.3 Global Heat Recovery Steam Generator (HRSG) Production Value Market Share by Application (2021-2032)
6 Company Profiles
  1. 6.1 BHI
  2. 6.1.1 BHI Company Information
  3. 6.1.2 BHI Business Overview
  4. 6.1.3 BHI Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  5. 6.1.4 BHI Heat Recovery Steam Generator (HRSG) Product Portfolio
  6. 6.1.5 BHI Recent Developments
  7. 6.2 Foster Wheeler
  8. 6.2.1 Foster Wheeler Company Information
  9. 6.2.2 Foster Wheeler Business Overview
  10. 6.2.3 Foster Wheeler Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  11. 6.2.4 Foster Wheeler Heat Recovery Steam Generator (HRSG) Product Portfolio
  12. 6.2.5 Foster Wheeler Recent Developments
  13. 6.3 Nooter Eriksen
  14. 6.3.1 Nooter Eriksen Company Information
  15. 6.3.2 Nooter Eriksen Business Overview
  16. 6.3.3 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  17. 6.3.4 Nooter Eriksen Heat Recovery Steam Generator (HRSG) Product Portfolio
  18. 6.3.5 Nooter Eriksen Recent Developments
  19. 6.4 CMI Energy
  20. 6.4.1 CMI Energy Company Information
  21. 6.4.2 CMI Energy Business Overview
  22. 6.4.3 CMI Energy Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  23. 6.4.4 CMI Energy Heat Recovery Steam Generator (HRSG) Product Portfolio
  24. 6.4.5 CMI Energy Recent Developments
  25. 6.5 Alstom Power
  26. 6.5.1 Alstom Power Company Information
  27. 6.5.2 Alstom Power Business Overview
  28. 6.5.3 Alstom Power Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  29. 6.5.4 Alstom Power Heat Recovery Steam Generator (HRSG) Product Portfolio
  30. 6.5.5 Alstom Power Recent Developments
  31. 6.6 Doosan E&C
  32. 6.6.1 Doosan E&C Company Information
  33. 6.6.2 Doosan E&C Business Overview
  34. 6.6.3 Doosan E&C Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  35. 6.6.4 Doosan E&C Heat Recovery Steam Generator (HRSG) Product Portfolio
  36. 6.6.5 Doosan E&C Recent Developments
  37. 6.7 Siemens (NEM Energy)
  38. 6.7.1 Siemens (NEM Energy) Company Information
  39. 6.7.2 Siemens (NEM Energy) Business Overview
  40. 6.7.3 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  41. 6.7.4 Siemens (NEM Energy) Heat Recovery Steam Generator (HRSG) Product Portfolio
  42. 6.7.5 Siemens (NEM Energy) Recent Developments
  43. 6.8 VOGT Power
  44. 6.8.1 VOGT Power Company Information
  45. 6.8.2 VOGT Power Business Overview
  46. 6.8.3 VOGT Power Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  47. 6.8.4 VOGT Power Heat Recovery Steam Generator (HRSG) Product Portfolio
  48. 6.8.5 VOGT Power Recent Developments
  49. 6.9 STF
  50. 6.9.1 STF Company Information
  51. 6.9.2 STF Business Overview
  52. 6.9.3 STF Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  53. 6.9.4 STF Heat Recovery Steam Generator (HRSG) Product Portfolio
  54. 6.9.5 STF Recent Developments
  55. 6.10 Babcock & Wilcox
  56. 6.10.1 Babcock & Wilcox Company Information
  57. 6.10.2 Babcock & Wilcox Business Overview
  58. 6.10.3 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  59. 6.10.4 Babcock & Wilcox Heat Recovery Steam Generator (HRSG) Product Portfolio
  60. 6.10.5 Babcock & Wilcox Recent Developments
  61. 6.11 Mitsubishi
  62. 6.11.1 Mitsubishi Company Information
  63. 6.11.2 Mitsubishi Business Overview
  64. 6.11.3 Mitsubishi Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  65. 6.11.4 Mitsubishi Heat Recovery Steam Generator (HRSG) Product Portfolio
  66. 6.11.5 Mitsubishi Recent Developments
  67. 6.12 Hangzhou Boiler
  68. 6.12.1 Hangzhou Boiler Company Information
  69. 6.12.2 Hangzhou Boiler Business Overview
  70. 6.12.3 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  71. 6.12.4 Hangzhou Boiler Heat Recovery Steam Generator (HRSG) Product Portfolio
  72. 6.12.5 Hangzhou Boiler Recent Developments
  73. 6.13 Bharat Heavy Electricals
  74. 6.13.1 Bharat Heavy Electricals Company Information
  75. 6.13.2 Bharat Heavy Electricals Business Overview
  76. 6.13.3 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  77. 6.13.4 Bharat Heavy Electricals Heat Recovery Steam Generator (HRSG) Product Portfolio
  78. 6.13.5 Bharat Heavy Electricals Recent Developments
  79. 6.14 Wuxi Huaguang
  80. 6.14.1 Wuxi Huaguang Company Information
  81. 6.14.2 Wuxi Huaguang Business Overview
  82. 6.14.3 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Production, Value and Gross Margin (2021-2026)
  83. 6.14.4 Wuxi Huaguang Heat Recovery Steam Generator (HRSG) Product Portfolio
  84. 6.14.5 Wuxi Huaguang Recent Developments
7 Global Heat Recovery Steam Generator (HRSG) Production by Region
  1. 7.1 Global Heat Recovery Steam Generator (HRSG) Production by Region: 2021 VS 2025 VS 2032
  2. 7.2 Global Heat Recovery Steam Generator (HRSG) Production by Region (2021-2032)
  3. 7.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Region (2021-2026)
  4. 7.2.2 Global Heat Recovery Steam Generator (HRSG) Production Forecast by Region (2027-2032)
  5. 7.3 Global Heat Recovery Steam Generator (HRSG) Production by Region: 2021 VS 2025 VS 2032
  6. 7.4 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2021-2032)
  7. 7.4.1 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2021-2026)
  8. 7.4.2 Global Heat Recovery Steam Generator (HRSG) Production Value by Region (2027-2032)
  9. 7.5 Global Heat Recovery Steam Generator (HRSG) Market Price Analysis by Region (2021-2032)
  10. 7.6 Regional Production Value Trends (2021-2032)
  11. 7.6.1 North America Heat Recovery Steam Generator (HRSG) Production Value (2021-2032)
  12. 7.6.2 Europe Heat Recovery Steam Generator (HRSG) Production Value (2021-2032)
  13. 7.6.3 Asia-Pacific Heat Recovery Steam Generator (HRSG) Production Value (2021-2032)
  14. 7.6.4 South America Heat Recovery Steam Generator (HRSG) Production Value (2021-2032)
  15. 7.6.5 Middle East & Africa Heat Recovery Steam Generator (HRSG) Production Value (2021-2032)
8 Global Heat Recovery Steam Generator (HRSG) Consumption by Region
  1. 8.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Region: 2021 VS 2025 VS 2032
  2. 8.2 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2021-2032)
  3. 8.2.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2021-2026)
  4. 8.2.2 Global Heat Recovery Steam Generator (HRSG) Consumption by Region (2027-2032)
  5. 8.3 North America
  6. 8.3.1 North America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  7. 8.3.2 North America Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2032)
  8. 8.3.3 U.S.
  9. 8.3.4 Canada
  10. 8.3.5 Mexico
  11. 8.4 Europe
  12. 8.4.1 Europe Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  13. 8.4.2 Europe Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2032)
  14. 8.4.3 Germany
  15. 8.4.4 France
  16. 8.4.5 U.K.
  17. 8.4.6 Italy
  18. 8.4.7 Netherlands
  19. 8.5 Asia Pacific
  20. 8.5.1 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  21. 8.5.2 Asia Pacific Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2032)
  22. 8.5.3 China
  23. 8.5.4 Japan
  24. 8.5.5 South Korea
  25. 8.5.6 Southeast Asia
  26. 8.5.7 India
  27. 8.5.8 Australia
  28. 8.6 South America
  29. 8.6.1 South America Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  30. 8.6.2 South America Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2032)
  31. 8.6.3 Brazil
  32. 8.6.4 Argentina
  33. 8.6.5 Chile
  34. 8.6.6 Colombia
  35. 8.7 Middle East & Africa
  36. 8.7.1 Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
  37. 8.7.2 Middle East & Africa Heat Recovery Steam Generator (HRSG) Consumption by Country (2021-2032)
  38. 8.7.3 Egypt
  39. 8.7.4 South Africa
  40. 8.7.5 Israel
  41. 8.7.6 Türkiye
  42. 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
  1. 9.1 Heat Recovery Steam Generator (HRSG) Value Chain Analysis
  2. 9.1.1 Heat Recovery Steam Generator (HRSG) Key Raw Materials
  3. 9.1.2 Raw Materials Key Suppliers
  4. 9.1.3 Manufacturing Cost Structure
  5. 9.1.4 Heat Recovery Steam Generator (HRSG) Production Mode & Process
  6. 9.2 Heat Recovery Steam Generator (HRSG) Sales Channels Analysis
  7. 9.2.1 Direct Comparison with Distribution Share
  8. 9.2.2 Heat Recovery Steam Generator (HRSG) Distributors
  9. 9.2.3 Heat Recovery Steam Generator (HRSG) Customers
10 Concluding Insights
    11 Appendix
    1. 11.1 Reasons for Doing This Study
    2. 11.2 Research Methodology
    3. 11.3 Research Process
    4. 11.4 Authors List of This Report
    5. 11.5 Data Source
    6. 11.5.1 Secondary Sources
    7. 11.5.2 Primary Sources
    8. 11.6 Disclaimer

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