Global Heat Recovery Steam Generator Market Size & Outlook
The heat recovery steam generator industry worldwide is expected to reach a projected revenue of US$ 1,817.0 million by 2030. A compound annual growth rate of 4.4% is expected of the worldwide heat recovery steam generator industry from 2024 to 2030.
Revenue, 2023 (US$M)
$1,345.2
Forecast, 2030 (US$M)
$1,817.0
CAGR, 2024 - 2030
4.4%
Report Coverage
Worldwide
Global heat recovery steam generator market, 2018-2030 (US$M)
Global heat recovery steam generator market highlights
- The global heat recovery steam generator market generated a revenue of USD 1,345.2 million in 2023 and is expected to reach USD 1,817.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.4% by 2030.
- In terms of segment, horizontal drum accounted for a revenue of USD 1,345.2 million in 2023.
- Horizontal Drum is the most lucrative design segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 1,345.2 million |
| Market revenue in 2030 | USD 1,817.0 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Horizontal drum |
| Fastest growing segment | Horizontal Drum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Horizontal Drum |
Other key industry trends
- In terms of revenue, the North America accounted for 20.8% of the global heat recovery steam generator market in 2023.
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Heat Recovery Steam Generator Market Scope
Heat recovery steam generator market segmentation & scope
Mode of Operation
Cogeneration
Combined Cycle
Power
Up to 30 MW
31 to 100 MW
101 to 200 MW
201 to 300 MW
Above 300 MW
End Use
Commercial
Chemical
Refineries
Utilities
Pulp & Paper
Other
Countries
Argentina
Brazil
Denmark
Germany
France
Italy
Norway
Spain
Sweden
UK
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
UAE
Australia
China
India
Japan
South Korea
Thailand
Heat Recovery Steam Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global heat recovery steam generator market size, by regions, 2018-2030 (US$M)
Related regional statistics
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