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Global Heat Recovery Steam Generator (HRSG) Market 2018-2022

Global Heat Recovery Steam Generator (HRSG) Market 2018-2022

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).

Technavio’s 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?


  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Related market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global HRSG market – Market size and forecast 2017-2022 ($ mn)
      • Table Global HRSG market – Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Market segmentation by product
    • Segmentation by product
      • Table Product – Market share 2017-2022 (%)
    • Comparison by product
      • Table Comparison by product
    • Horizontal HRSG – Market size and forecast 2017- 2022
      • Table Horizontal HRSG – Market size and forecast 2017-2022 ($ mn)
      • Table Horizontal HRSG – Year-over-year growth 2018-2022 (%)
    • Vertical HRSG – Market size and forecast 2017- 2022
      • Table Vertical HRSG – Market size and forecast 2017-2022 ($ mn)
      • Table Vertical HRSG – Year-over-year growth 2018-2022 (%)
    • Market opportunity
      • Table Market opportunity
  • Customer landscape
    • Table Customer landscape
  • Regional landscape
    • Geographical segmentation
      • Table Global HRSG market – Market share by region 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • APAC – Market size and forecast 2017-2022
      • Table APAC – Market size and forecast 2017-2022 ($ mn)
      • Table APAC – Year-over-year growth 2018-2022 (%)
    • Americas – Market size and forecast 2017-2022
      • Table Americas – Market size and forecast 2017-2022 ($ mn)
      • Table Americas – Year-over-year growth 2018-2022 (%)
    • EMEA – Market size and forecast 2017-2022
      • Table EMEA – Market size and forecast 2017-2022 ($ mn)
      • Table EMEA – Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increase in demand for HRSG in power production
    • Government investments
    • Technological advances
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Babcock & Wilcox Enterprises
      • Table Babcock & Wilcox Enterprises: Vendor overview
      • Table Babcock & Wilcox Enterprises – Business segments
      • Table Babcock & Wilcox Enterprises – Organizational developments
      • Table Babcock & Wilcox Enterprises – Geographical focus
      • Table Babcock & Wilcox Enterprises – Segment focus
      • Table Babcock & Wilcox Enterprises – Key offerings
    • CMI
      • Table CMI: Vendor overview
      • Table CMI – Organizational developments
      • Table CMI – Geographical focus
      • Table CMI – Key offerings
    • GENERAL ELECTRIC
      • Table GENERAL ELECTRIC: Vendor overview
      • Table GENERAL ELECTRIC – Business segments
      • Table GENERAL ELECTRIC – Organizational developments
      • Table GENERAL ELECTRIC – Geographical focus
      • Table GENERAL ELECTRIC – Segment focus
      • Table GENERAL ELECTRIC – Key offerings
    • John Wood Group
      • Table John Wood Group: Vendor overview
      • Table John Wood Group – Business segments
      • Table John Wood Group – Organizational developments
      • Table John Wood Group – Geographical focus
      • Table John Wood Group – Segment focus
      • Table John Wood Group – Key offerings
    • Siemens
      • Table Siemens – Vendor overview
      • Table Siemens – Business segments
      • Table Siemens – Organizational developments
      • Table Siemens – Geographical focus
      • Table Siemens – Segment focus
      • Table Siemens – Key offerings
    • Thermax Global
      • Table Thermax Global: Vendor overview
      • Table Thermax Global – Business segments
      • Table Thermax Global – Organizational developments
      • Table Thermax Global – Geographical focus
      • Table Thermax Global – Segment focus
      • Table Thermax Global – Key offerings
  • Appendix
    • List of abbreviations
  • Explore Technavio

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