Global Petrochemical Heat Recovery Steam Generator Market Growth 2025-2031

The global Petrochemical Heat Recovery Steam Generator 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 Petrochemical Heat Recovery Steam Generator (HRSG) is a specialized device used in petrochemical and refining industries to recover waste heat generated during the production process. It utilizes the hot exhaust gases from combustion engines, furnace flue gases, or other high-temperature streams to produce steam. This steam can then be used for various purposes such as power generation or heating, thereby improving energy efficiency and reducing greenhouse gas emissions. The HRSG captures and harnesses the waste heat, converting it into useful energy, making it an essential component in petrochemical plants and refineries for maximizing energy utilization and minimizing environmental impact.

The market prospect for Petrochemical Heat Recovery Steam Generators (HRSGs) is promising, driven by the increasing focus on energy efficiency and sustainability in the petrochemical and refining industries. These industries generate significant amounts of waste heat during production processes, making the HRSGs essential for capturing and utilizing this heat to produce steam for power generation or heating purposes. The demand for HRSGs is expected to grow as companies strive to reduce their carbon footprint, optimize energy utilization, and comply with strict environmental regulations. Additionally, the increasing adoption of cogeneration and combined heat and power systems further boosts the market for Petrochemical HRSGs, creating opportunities for manufacturers and suppliers in the industry.

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

This Insight Report provides a comprehensive analysis of the global Petrochemical Heat Recovery Steam Generator 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 Petrochemical Heat Recovery Steam Generator portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Petrochemical Heat Recovery Steam Generator market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Petrochemical Heat Recovery Steam Generator 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 Petrochemical Heat Recovery Steam Generator.

This report presents a comprehensive overview, market shares, and growth opportunities of Petrochemical Heat Recovery Steam Generator 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
Wuxi Huaguang Environment&Energy
Hangzhou Boiler Group
Zhengzhou Boiler
Tai'an Linghangzhe Advertising Conference and Exhibition

Key Questions Addressed in this Report

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

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

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

How do Petrochemical Heat Recovery Steam Generator market opportunities vary by end market size?

How does Petrochemical Heat Recovery Steam Generator break out by Type, by Application?

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