Heat Recovery Steam Generator (HRSG) Market 2022: Key Strategies, Historical Analysis, Trends, New Opportunities and Forecast Till 2028
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This report elaborates the market size, market characteristics, and market growth of the Heat Recovery Steam Generator (HRSG) industry, and breaks down according to the type, application, and consumption area of Heat Recovery Steam Generator (HRSG). The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Heat Recovery Steam Generator (HRSG) in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Heat Recovery Steam Generator (HRSG) market covered in Chapter 13:
Pall
Sofinter
Vogt Power International
GE Power
KPA Unicon
Siemens
TLV
In Chapter 6, on the basis of types, the Heat Recovery Steam Generator (HRSG) market from 2015 to 2025 is primarily split into:
Vertical
Horizontals
In Chapter 7, on the basis of applications, the Heat Recovery Steam Generator (HRSG) market from 2015 to 2025 covers:
Power Generation
Heating
Desalination
Others
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Heat Recovery Steam Generator (HRSG) Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Heat Recovery Steam Generator (HRSG) Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Heat Recovery Steam Generator (HRSG) Market Forces
3.1 Global Heat Recovery Steam Generator (HRSG) Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Heat Recovery Steam Generator (HRSG) Market - By Geography
4.1 Global Heat Recovery Steam Generator (HRSG) Market Value and Market Share by Regions
4.1.1 Global Heat Recovery Steam Generator (HRSG) Value ($) by Region (2015-2020)
4.1.2 Global Heat Recovery Steam Generator (HRSG) Value Market Share by Regions (2015-2020)
4.2 Global Heat Recovery Steam Generator (HRSG) Market Production and Market Share by Major Countries
4.2.1 Global Heat Recovery Steam Generator (HRSG) Production by Major Countries (2015-2020)
4.2.2 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Major Countries (2015-2020)
4.3 Global Heat Recovery Steam Generator (HRSG) Market Consumption and Market Share by Regions
4.3.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Regions (2015-2020)
4.3.2 Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Regions (2015-2020)
5 Heat Recovery Steam Generator (HRSG) Market - By Trade Statistics
5.1 Global Heat Recovery Steam Generator (HRSG) Export and Import
5.2 United States Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
5.3 Europe Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
5.4 China Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
5.5 Japan Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
5.6 India Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
5.7
6 Heat Recovery Steam Generator (HRSG) Market - By Type
6.1 Global Heat Recovery Steam Generator (HRSG) Production and Market Share by Types (2015-2020)
6.1.1 Global Heat Recovery Steam Generator (HRSG) Production by Types (2015-2020)
6.1.2 Global Heat Recovery Steam Generator (HRSG) Production Market Share by Types (2015-2020)
6.2 Global Heat Recovery Steam Generator (HRSG) Value and Market Share by Types (2015-2020)
6.2.1 Global Heat Recovery Steam Generator (HRSG) Value by Types (2015-2020)
6.2.2 Global Heat Recovery Steam Generator (HRSG) Value Market Share by Types (2015-2020)
6.3 Global Heat Recovery Steam Generator (HRSG) Production, Price and Growth Rate of Vertical (2015-2020)
6.4 Global Heat Recovery Steam Generator (HRSG) Production, Price and Growth Rate of Horizontals (2015-2020)
7 Heat Recovery Steam Generator (HRSG) Market - By Application
7.1 Global Heat Recovery Steam Generator (HRSG) Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Heat Recovery Steam Generator (HRSG) Consumption by Applications (2015-2020)
7.1.2 Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Applications (2015-2020)
7.2 Global Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate of Power Generation (2015-2020)
7.3 Global Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate of Heating (2015-2020)
7.4 Global Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate of Desalination (2015-2020)
7.5 Global Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate of Others (2015-2020)
8 North America Heat Recovery Steam Generator (HRSG) Market
8.1 North America Heat Recovery Steam Generator (HRSG) Market Size
8.2 United States Heat Recovery Steam Generator (HRSG) Market Size
8.3 Canada Heat Recovery Steam Generator (HRSG) Market Size
8.4 Mexico Heat Recovery Steam Generator (HRSG) Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Heat Recovery Steam Generator (HRSG) Market Analysis
9.1 Europe Heat Recovery Steam Generator (HRSG) Market Size
9.2 Germany Heat Recovery Steam Generator (HRSG) Market Size
9.3 United Kingdom Heat Recovery Steam Generator (HRSG) Market Size
9.4 France Heat Recovery Steam Generator (HRSG) Market Size
9.5 Italy Heat Recovery Steam Generator (HRSG) Market Size
9.6 Spain Heat Recovery Steam Generator (HRSG) Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Heat Recovery Steam Generator (HRSG) Market Analysis
10.1 Asia-Pacific Heat Recovery Steam Generator (HRSG) Market Size
10.2 China Heat Recovery Steam Generator (HRSG) Market Size
10.3 Japan Heat Recovery Steam Generator (HRSG) Market Size
10.4 South Korea Heat Recovery Steam Generator (HRSG) Market Size
10.5 Southeast Asia Heat Recovery Steam Generator (HRSG) Market Size
10.6 India Heat Recovery Steam Generator (HRSG) Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Heat Recovery Steam Generator (HRSG) Market Analysis
11.1 Middle East and Africa Heat Recovery Steam Generator (HRSG) Market Size
11.2 Saudi Arabia Heat Recovery Steam Generator (HRSG) Market Size
11.3 UAE Heat Recovery Steam Generator (HRSG) Market Size
11.4 South Africa Heat Recovery Steam Generator (HRSG) Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Heat Recovery Steam Generator (HRSG) Market Analysis
12.1 South America Heat Recovery Steam Generator (HRSG) Market Size
12.2 Brazil Heat Recovery Steam Generator (HRSG) Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 Pall
13.1.1 Pall Basic Information
13.1.2 Pall Product Profiles, Application and Specification
13.1.3 Pall Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
13.2 Sofinter
13.2.1 Sofinter Basic Information
13.2.2 Sofinter Product Profiles, Application and Specification
13.2.3 Sofinter Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
13.3 Vogt Power International
13.3.1 Vogt Power International Basic Information
13.3.2 Vogt Power International Product Profiles, Application and Specification
13.3.3 Vogt Power International Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
13.4 GE Power
13.4.1 GE Power Basic Information
13.4.2 GE Power Product Profiles, Application and Specification
13.4.3 GE Power Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
13.5 KPA Unicon
13.5.1 KPA Unicon Basic Information
13.5.2 KPA Unicon Product Profiles, Application and Specification
13.5.3 KPA Unicon Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
13.6 Siemens
13.6.1 Siemens Basic Information
13.6.2 Siemens Product Profiles, Application and Specification
13.6.3 Siemens Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
13.7 TLV
13.7.1 TLV Basic Information
13.7.2 TLV Product Profiles, Application and Specification
13.7.3 TLV Heat Recovery Steam Generator (HRSG) Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Heat Recovery Steam Generator (HRSG) Market Forecast (2020-2025)
14.2 Europe Heat Recovery Steam Generator (HRSG) Market Forecast (2020-2025)
14.3 Asia-Pacific Heat Recovery Steam Generator (HRSG) Market Forecast (2020-2025)
14.4 Middle East and Africa Heat Recovery Steam Generator (HRSG) Market Forecast (2020-2025)
14.5 South America Heat Recovery Steam Generator (HRSG) Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Heat Recovery Steam Generator (HRSG) Market Forecast by Types (2020-2025)
15.1.1 Global Heat Recovery Steam Generator (HRSG) Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Heat Recovery Steam Generator (HRSG) Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Heat Recovery Steam Generator (HRSG) Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Heat Recovery Steam Generator (HRSG) Picture
Table Heat Recovery Steam Generator (HRSG) Key Market Segments
Figure Study and Forecasting Years
Figure Global Heat Recovery Steam Generator (HRSG) Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Heat Recovery Steam Generator (HRSG) Value ($) and Growth Rate (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Value ($) by Countries (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Value Market Share by Regions (2015-2020)
Figure Global Heat Recovery Steam Generator (HRSG) Value Market Share by Regions in 2019
Figure Global Heat Recovery Steam Generator (HRSG) Production and Growth Rate (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Production by Major Countries (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Production Market Share by Major Countries (2015-2020)
Figure Global Heat Recovery Steam Generator (HRSG) Production Market Share by Regions in 2019
Figure Global Heat Recovery Steam Generator (HRSG) Consumption and Growth Rate (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Consumption by Regions (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Regions (2015-2020)
Figure Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Regions in 2019
Table Global Heat Recovery Steam Generator (HRSG) Export Top 3 Country 2019
Table Global Heat Recovery Steam Generator (HRSG) Import Top 3 Country 2019
Table United States Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
Table Europe Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
Table China Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
Table Japan Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
Table India Heat Recovery Steam Generator (HRSG) Export and Import (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Production by Types (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Production Market Share by Types (2015-2020)
Figure Global Heat Recovery Steam Generator (HRSG) Production Share by Type (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Value by Types (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Value Market Share by Types (2015-2020)
Figure Global Heat Recovery Steam Generator (HRSG) Value Share by Type (2015-2020)
Figure Global Vertical Production and Growth Rate (2015-2020)
Figure Global Vertical Price (2015-2020)
Figure Global Horizontals Production and Growth Rate (2015-2020)
Figure Global Horizontals Price (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Consumption by Applications (2015-2020)
Table Global Heat Recovery Steam Generator (HRSG) Consumption Market Share by Applications (2015-2020)
Figure Global Heat Recovery Steam Generator (HRSG) Consumption Share by Application (2015-2020)
Figure Global Power Generation Consumption and Growth Rate (2015-2020)
Figure Global Heating Consumption and Growth Rate (2015-2020)
Figure Global Desalination Consumption and Growth Rate (2015-2020)
Figure Global Others Consumption and Growth Rate (2015-2020)
Figure North America Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Table North America Heat Recovery Steam Generator (HRSG) Consumption by Countries (2015-2020)
Table North America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure North America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure United States Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Canada Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Mexico Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Table Europe Heat Recovery Steam Generator (HRSG) Consumption by Countries (2015-2020)
Table Europe Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure Europe Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure Germany Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure France Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Italy Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Spain Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Heat Recovery Steam Generator (HRSG) Consumption by Countries (2015-2020)
Table Asia-Pacific Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure China Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Japan Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure South Korea Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure India Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Heat Recovery Steam Generator (HRSG) Consumption by Countries (2015-2020)
Table Middle East and Africa Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure UAE Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure South Africa Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Figure South America Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Table South America Heat Recovery Steam Generator (HRSG) Consumption by Countries (2015-2020)
Table South America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure South America Heat Recovery Steam Generator (HRSG) Consumption Market Share by Countries (2015-2020)
Figure Brazil Heat Recovery Steam Generator (HRSG) Market Consumption and Growth Rate (2015-2020)
Table Pall Company Profile
Table Pall Production, Value, Price, Gross Margin 2015-2020
Figure Pall Production and Growth Rate
Figure Pall Value ($) Market Share 2015-2020
Table Sofinter Company Profile
Table Sofinter Production, Value, Price, Gross Margin 2015-2020
Figure Sofinter Production and Growth Rate
Figure Sofinter Value ($) Market Share 2015-2020
Table Vogt Power International Company Profile
Table Vogt Power International Production, Value, Price, Gross Margin 2015-2020
Figure Vogt Power International Production and Growth Rate
Figure Vogt Power International Value ($) Market Share 2015-2020
Table GE Power Company Profile
Table GE Power Production, Value, Price, Gross Margin 2015-2020
Figure GE Power Production and Growth Rate
Figure GE Power Value ($) Market Share 2015-2020
Table KPA Unicon Company Profile
Table KPA Unicon Production, Value, Price, Gross Margin 2015-2020
Figure KPA Unicon Production and Growth Rate
Figure KPA Unicon Value ($) Market Share 2015-2020
Table Siemens Company Profile
Table Siemens Production, Value, Price, Gross Margin 2015-2020
Figure Siemens Production and Growth Rate
Figure Siemens Value ($) Market Share 2015-2020
Table TLV Company Profile
Table TLV Production, Value, Price, Gross Margin 2015-2020
Figure TLV Production and Growth Rate
Figure TLV Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Heat Recovery Steam Generator (HRSG) Market Forecast Production by Types (2020-2025)
Table Global Heat Recovery Steam Generator (HRSG) Market Forecast Production Share by Types (2020-2025)
Table Global Heat Recovery Steam Generator (HRSG) Market Forecast Value ($) by Types (2020-2025)
Table Global Heat Recovery Steam Generator (HRSG) Market Forecast Value Share by Types (2020-2025)
Table Global Heat Recovery Steam Generator (HRSG) Market Forecast Consumption by Applications (2020-2025)
Table Global Heat Recovery Steam Generator (HRSG) Market Forecast Consumption Share by Applications (2020-2025)
Research Methodology:
Heat Recovery Steam Generator (HRSG) Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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