Global Heat Recovery Steam Generator for Gas Turbines Market Growth 2025-2031

The global Heat Recovery Steam Generator for Gas Turbines market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of %from 2025 to 2031.

The Heat Recovery Steam Generator (HRSG) for Gas Turbines is a specialized device that recovers waste heat from the exhaust gases of a gas turbine and converts it into steam. This process allows for more efficient energy utilization in power generation plants. The HRSG consists of several heat exchanger sections that sequentially extract heat from the gases, using it to generate high-pressure and low-pressure steam. This steam can then be used for various purposes, including power generation, heating, or industrial processes. The HRSG optimizes energy production by utilizing the waste heat that would otherwise be lost, resulting in increased overall plant efficiency and reduced environmental impact.

The market prospects for Heat Recovery Steam Generators (HRSGs) in gas turbine applications are highly favorable. With the increasing emphasis on energy efficiency and sustainability, HRSGs play a critical role in optimizing power generation processes. These devices enable the recovery of waste heat from gas turbine exhaust gases, offering significant economic and environmental benefits. The global shift towards cleaner energy sources and the demand for more efficient power generation methods further enhance the market potential for HRSGs. Additionally, the rising need for industrial steam in various sectors creates opportunities for HRSGs in applications such as cogeneration and district heating. Overall, the market outlook for HRSGs is promising, driven by the drive for greater energy efficiency and sustainability.

LP Information, Inc. (LPI) ' newest research report, the “Heat Recovery Steam Generator for Gas Turbines Industry Forecast” looks at past sales and reviews total world Heat Recovery Steam Generator for Gas Turbines sales in 2024, providing a comprehensive analysis by region and market sector of projected Heat Recovery Steam Generator for Gas Turbines sales for 2025 through 2031. With Heat Recovery Steam Generator for Gas Turbines sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Heat Recovery Steam Generator for Gas Turbines industry.

This Insight Report provides a comprehensive analysis of the global Heat Recovery Steam Generator for Gas Turbines landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Heat Recovery Steam Generator for Gas Turbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Heat Recovery Steam Generator for Gas Turbines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Heat Recovery Steam Generator for Gas Turbines and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Heat Recovery Steam Generator for Gas Turbines.

This report presents a comprehensive overview, market shares, and growth opportunities of Heat Recovery Steam Generator for Gas Turbines market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Less Than 50 MW
50 MW-100 MW
100 MW-300 MW
More Than 300 MW

Segmentation by Application:
Power Generation
Industrial
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
BHI
Foster Wheeler
Nooter Eriksen
CMI Energy
Alstom Power
Doosan E&C
Siemens
VOGT Power
STF
Babcock & Wilcox
Mitsubishi
Bharat Heavy Electricals
Wuxi Huaguang Environment&Energy
Xizi Clean Energy Equipment Manufacturing

Key Questions Addressed in this Report

What is the 10-year outlook for the global Heat Recovery Steam Generator for Gas Turbines market?

What factors are driving Heat Recovery Steam Generator for Gas Turbines market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Heat Recovery Steam Generator for Gas Turbines market opportunities vary by end market size?

How does Heat Recovery Steam Generator for Gas Turbines break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.