Global Heat Recovery Steam Generator (HRSG) Market 2022-2028

About Heat Recovery Steam Generator (HRSG)

The HRSG is a heat exchanger designed to recover the exhaust waste heat available in the combustion turbine exhaust gas. The waste heat recovered from the exhaust is used to generate steam at high pressure and high temperature. The steam produced by HRSG can be used in combined heat and power (CHP) process and to drive a steam turbine (combined cycle).

The analysts forecast the global heat recovery steam generator (HRSG) market to grow at a CAGR of 4.86% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global heat recovery steam generator (HRSG) market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio's report, Global Heat Recovery Steam Generator (HRSG) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
• Babcock & Wilcox Enterprises
• CMI
• GENERAL ELECTRIC
• John Wood Group
• Siemens
• Thermax Global

Market driver
• Increase in energy efficiency
• For a full, detailed list, view our report

Market challenge
• Volatility in prices of natural gas
• For a full, detailed list, view our report

Market trend
• Increase in demand for HRSG in power production
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?

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Frequently Asked Questions



This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

  • By product type
  • By End User/Applications
  • By Technology
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

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