Heat Recovery Steam Generator Market Snapshot (2023 to 2033)

The global heat recovery steam generator market is anticipated at US$ 1.25 billion in 2022. Demand is likely to remain high for heat recovery steam generators during the assessment period. This is due to the increased demand for energy-efficient systems in various end-use industries, garnering US$ 2.03 billion in 2033, recording a CAGR of 4.5% from 2023 to 2033. The market is likely to secure US$ 1.31 billion in 2023.

Data Points Key Statistics
Heat Recovery Steam Generator Market Size Value in 2023 US$ 1.31 billion
Heat Recovery Steam Generator Market Forecast Value in 2033 US$ 2.03 billion
Global Growth Rate 4.5% CAGR
Forecast Period 2023 to 2033

Key Factors Shaping the Demand Outlook of the Heat Recovery Steam Generator Industry:

  • Growing energy demand in end-use industries augmenting the growth of the heat recovery steam generator market
  • Expansion of the industrial sector elevates the market demand
  • Increasing expansion of combined cycle power plants to drive the market growth
  • Growing advances in technology are expected to create new growth prospects for heat recovery steam generator manufacturers

Don't pay for what you don't need

Customize your report by selecting specific countries or regions and save 30%!

Heat Recovery Steam Generator Market Revenue Analysis from 2018 to 2022 Vs Market Outlook for 2023 to 2033

Attributes Details
Historical CAGR (2018 to 2022) 4.1%
Forecasted CAGR (2023 to 2033) 4.5%

Heat Recovery Steam Generator Market Historic Sales Compared to 2021 to 2031 Forecast Outlook

The global heat recovery steam generator market grew at a sluggish 4.0% CAGR between 2018 and 2022. The unprecedented impacts of the COVID-19 outbreak further caused a sharp decline in sales of heat recovery steam generators.

The sales of heat recovery steam generators are anticipated to recover during the assessment period, with a year-over-year growth projection of 4.5% from 2021 to 2022.

In the view of energy crisis, heat recovery steam generators are vital in the field of energy conservation. These systems are integral components in the combined cycle (gas turbine and steam power cycle) and are emerging as the most efficient energy conservation methods in recent trends.

Heat recovery steam generators also termed waste heat boilers, recover the waste heat present in the exhaust gases of the gas turbine cycle to generate steam which is used to run a steam power cycle.

Using these systems can significantly cut down greenhouse gas emissions and increase the efficacy of power plants, which in turn is driving their sales across various energy-producing industries. Product customizations in heat recovery steam generators offered by OEMs and increasing investments in clean energy generating sources will continue augmenting market growth through 2033.

Which Drivers Underpin Heat Recovery Steam Generator Industry Expansion?

Rising Adoption of Combined Cycle Power Plants Influence Heat Recovery Steam Generator Demand

Growing energy demand and an alarming increase in greenhouse gas emissions have encouraged the development of advanced energy systems that potentially increase efficiency and enhance sustainability by reducing environmental impact.

Renewable energy utilization, waste heat recovery, and combined cycle power generation have attracted immense interest in recent years. Waste heat is derived from many industrial operations, which can be used for power generation by leveraging a heat recovery steam generator system.

Heat recovery steam generators have a myriad of applications, out of which, combined cycles are gaining significant traction. In combined cycles, waste heat is transferred from gas turbine exhaust gases to water for generating steam for power production in the Rankine cycle.

In basic forms of combined cycles, a gas turbine exhausting into a heat recovery steam generator is used. The heat recovery steam generator supplies steam to steam turbine cycles to generate electricity, which is the most efficient way of power generation today.

It has been found that combine cycles can improve efficiency, economic and environmental aspects of power production through gas turbine cycles, and heat recovery steam generators significantly affect the economic and technical operation of combined cycles.

High overall plant efficacy, low investment costs, better operational flexibility, and phased installation are among the numerous advantages of combined cycles that are driving their adoption as compared to traditional fossil-fired power stations.

The gas-burning combined cycle plants are ideal for use in heavily populated regions due to their high efficacy and low emission levels, making them a great source of clean energy. Good thermodynamic properties of combined cycle plants facilitate the cogeneration of heat electricity. Increased output, coupled with high cycle efficiency, low emission levels, and lower investment costs are prominent attractive features of combined cycle power generation.

Increasing adoption of combined cycles for energy generation will translate into lucrative sales prospects for heat recovery steam generators in forthcoming years as heat recovery steam generators are vital components in combined cycles.

Oxy-Fuel Applications Improve Heat Recovery Steam Generator Sales

In renewable energy generation, air is a common oxidant that is used in various combustion processes. Combustion can be improved by using an oxidant that comprises high levels of oxygen found in atmospheric air. The process of utilizing pure oxygen as an oxidant is known as oxyfuel combustion.

Oxy-fuel combustion offers numerous advantages, including reduced carbon dioxide emissions from combustion, reduced requirement for emission control equipment, and increased potential for carbon capture. The process also potentially increases output rates, reduces fuel consumption, and enhances sustainability in gas power plant settings.

In applications of heat recovery steam generators, using oxy-fuel has been shown to improve efficiency drastically. Increased energy transfer from oxy-fuel via heat recovery steam generators enables increased output in comparison with systems using air-fuel combustion.

Favorable results are mainly attributed to higher heat associated with oxy-fuel combustion exhaust gas. Using oxy-fuel combustion is beneficial for heat recovery steam generators and steam power plant performance in combined cycle arrangements, further contributing to sustainable development.

With increased efficacy, oxy-fuel combustion is also beneficial for other components and operations in combined cycles, such as the functioning of the combustion chamber and expansion in gas turbines.

Its applications are increasing at a high pace in heat recovery steam generators since oxy-fuel requires the use of oxygen as an oxidant, which is abundant in atmospheric air. These trends are anticipated to further strengthen growth prospects in the global heat recovery steam generator market.

Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

What Are the Factors Hampering the Heat Recovery Steam Generator Market?

High Installation Costs Might Stunt Heat Recovery Steam Generator Market Growth

Although heat recovery steam generators have cost-effective benefits, the installation of the same can incur high costs, which may hamper the growth prospects of the market.

Waste heat derived from industrial processes is of low quality, and it can be difficult to effectively utilize the quantity of low-quality heat contained in the waste heat medium. This results in additional equipment requirements, which increases costs to a great extent.

Heat recovery steam generators are not suitable for every kind of industry. For instance, the chemical industry, cabin rotary kiln industry, cement kiln industry, and sulfuric acid industry produce high quantities of high-temperature waste heat in the process. Here, heat recovery steam generators can be used to their full potential to improve energy savings.

For industries that produce low quantities of waste heat, the cost of equipment and installation can outweigh the benefits of heat recovery steam generators.

Heat Recovery Steam Generator Market Country-wise Insights

How Will the Heat Recovery Steam Generator Market Expand Across the United States?

Increasing Demand for Energy-Efficient and Cost-Effective Green Energy Solutions to Drive Market Growth in The Region

As per FMI’s market survey, the United States is anticipated to witness high demand for heat recovery steam generators in the forthcoming years, with the North American market growing at a modest 4.4% CAGR.

Robust renewable energy infrastructure, coupled with demand for energy-efficient and cost-effective green energy solutions will continue boosting sales of heat recovery steam generators in the United States

Several government-backed initiatives to promote the usage of renewable energy will enhance growth prospects in the heat recovery steam generators market. The United States federal government offers tax credits, grants, and loan schemes for qualifying renewable energy technology and projects.

These incentives include Renewable Electricity Production Tax Credit (PTC), the Residential Energy Credit (REC), the Investment Tax Credit (ITC), and the Modified Accelerated Cost-Recovery System.

Grants and loans are available from other government agencies including the United States Department of Energy (DOE), the United States Department of Agriculture, and the United States Department of Interior. Several United States also offer financial incentives to support and subsidize the installation of renewable energy equipment.

The aforementioned factors are anticipated to bode well for the heat recovery steam generator market in the United States.

Will the United Kingdom Continue Dominating the Heat Recovery Steam Generator Market?

Increased Government Emphasis On Carbon Reduction Drives the Market Demand

The European heat recovery steam generator market is poised to expand at a 4.3% CAGR, with increasing applications of heat recovery steam generators in the United Kingdom.

The European Union has pledged to reduce carbon emissions by at least 40% by 2030, as a part of Europe's 2030 climate and energy framework with contributions to the Paris Agreement. 20% of the United Kingdom’s electricity is derived from renewables, and owing to these targets, renewable energy will be an integral part of the strategy to reduce carbon emissions in the forthcoming years.

A wide range of technologies such as onshore and offshore wind farms, hydropower systems and biomass power stations are currently being used to achieve the target. These developments are indicative of the high demand for heat recovery steam generators during the assessment period.

The United Kingdom has several schemes that offer financial support for renewable energy. These schemes encourage technological advancements and wider adoption of renewables, which in turn leads to reductions in costs.

For instance, the Renewable Obligation is intended to promote renewable energy production for large-scale installations, which rewards renewable electricity output over the lifetime of a project. The Feed-in Tariff (FiT) is designed to support small and medium-scale renewable installations, through which generators are paid for every unit of electricity produced.

Why China is Considered an Attractive Heat Recovery Generator Market?

Presence of Leading Market Players in The Region offers Opportunity for Market Growth

The increasing population and rapid growth in the economy, combined with the vast manufacturing industry and mass migration to centrally heated cities have propelled the consumption of electricity in China.

Recognizing the growing need for electricity generation and its long-term dependence on fossil fuels, the Chinese government has made plans to source energy from renewables. Improvements in battery technologies, photovoltaics, and energy management are kept at the forefront of these plans.

These factors are encouraging global heat recovery steam generator market players to tap into the Chinese market with new and technologically advanced solutions. For instance, Mitsubishi Power, a global leader, signed an agreement to supply an 180-MW gas-fired turbine for a Chinese steel-producing corporation.

Jiangsu Shagang Group has contracted Mitsubishi to deliver the M701SDAX gas turbine for its combined cycle power plant. The M701-class turbine is fueled by blast furnace gas, and the plant is expected to enter operation by 2023. The facility will comprise a heat recovery steam generator, gas turbine, steam turbine, gas compressor, and auxiliary equipment.

Will India Emerge as a Lucrative Market?

Growing Electricity Demand in The Nation to Drive the Market Growth

The energy sector in India has witnessed major transformations in response to growing demand and strategic measures to promote renewable energy. Burgeoning electricity demand can be attributed to high economic growth, rapid urbanization through Smart City projects, and industrialization strategies such as 'Make in India'.

The government of India's plan is to provide 24x7 electricity to all rural and urban households, with 600 million new electricity consumers added by 2040. This, in turn, will lead to a significant increase in demand.

The expansion of numerous manufacturing industries in the country, along with government-backed initiatives to promote green energy will continue driving sales of heat recovery steam generators in India.

Get the data you need at a Fraction of the cost

Personalize your report by choosing insights you need
and save 40%!

Heat Recovery Steam Generator Market Category-wise Insights

Based on Design Type, Which Is the Most Prominent Segment in the Heat Recovery Steam Generator Market?

Demand for Fully Assembled Heat Recovery Steam Generators to Remain High

Based on design type, fully assembled heat recovery steam generators are anticipated to dominate the segment.

Growth can be attributed to increasing investments in renewable energy solutions, along with product developments and customization offered by OEMs. The advancements in fully assembled heat recovery steam generators will continue augmenting market growth.

Based on Configuration, Which Segment Accounts for the Highest Revenue in the Heat Recovery Steam Generator Market?

Horizontal Drum Units to Account for Maximum Sales

In terms of configuration, horizontal drums unit type of heat recovery steam generators is projected to record maximum sales during the forecast period. Horizontal drums are made of titanium, clad steel, and carbon steel, which facilitate a natural and cost-effective circulation effect.

Horizontal drums provide extra tensile strength and require less space. Horizontal drums, thus, will emerge as the most preferred configuration type during the assessment period.

By Output Power Type which category of Heat Recovery Steam Generator Account for Maximum Sales?

0-60 MW Capacity Heat Recovery Steam Generators to Remain Highly Sought-After

Based on output power type, the 0-60 MW segment is poised to experience high demand during the forecast period. Increasing adoption of co-generating units to counter heat ingestion in small-scale industries and grid networks will continue driving sales.

The ongoing innovations and developments in heat recovery steam generators will result in more efficient products, which will further enhance the growth prospects of the market.

By Application, Which Segment Is Anticipated to Generate Revenue?

Applications in Combined Heat and Power Plants to Continue Rising

In terms of applications, the combined heat and power plant segment is estimated to emerge as a key user of heat recovery steam generators through 2033.

Government initiatives encouraging renewable energy production will lead to the construction of more combined heat and power plants, resulting in high sales of heat recovery steam generators in the upcoming years.

Heat Recovery Steam Generator Market Competitive Landscape

Some of the prominent players operating in heat recovery steam generator marker are Cleaver-Brooks, Siemens AG, General Electric, CMI Group, John Wood Group PLC, Cannon S.p.A., Mitsubishi Hitachi Power Systems, Ltd., Rentech Boilers Systems Inc., Hamon Deltak, Inc., AC BOILERS SpA, SES Tlmace, a.s., Xizi United Holdings Limited among others.

The top 5 players operating in the heat recovery steam generator market comprise General Electric, Siemens AG, CMI Group, John Wood Group plc, and Mitsubishi Hitachi Power Systems Ltd., accounting for approximately 75.5% of the total market share.

Prominent players are focusing on strategic collaborations, deal renewals, acquisitions, and mergers to improve sales as a part of their growth strategies. Product innovations and customization will remain highly sought-after growth strategies during the assessment period. For instance:

  • In August 2021, Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries (MHI) Group, announced its plans to develop combustion burners that can utilize ammonia (NH3) as fuel and eliminate the chances of carbon emission when used for power generation. By using ammonia as opposed to other fossil fuels, this system will facilitate decarbonization in thermal power generation.
  • In July 2021, John Wood Group PLC announced a partnership with AIG, a leading insurance organization, and the University of Strathclyde's Institute of Future Cities, to help businesses and cities to adapt to the impacts of fluctuating climate changes and achieve decarbonization. The three organizations will work together to create a roadmap to build more sustainable infrastructure to drive down carbon emissions.

Report Scope

Report Attributes Details
Growth Rate CAGR of 4.5 % from 2023 to 2033
Market Value in 2023 US$ 1.31 billion
Market Value in 2033 US$ 2.03 billion
Base Year for Estimation 2022
Historical Data 2018 to 2022
Forecast Period 2023 to 2033
Quantitative Units Revenue in US$ Billion and CAGR from 2023 to 2033
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered
  • Design Type
  • Configuration Type
  • Output Power Type
  • Application Type
  • Region
Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
Key Countries Profiled
  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • Singapore
  • Thailand
  • Indonesia
  • Australia
  • New Zealand
  • GCC
  • South Africa
  • Israel
Key Companies Profiled
  • Cleaver-Brooks
  • Siemens AG
  • General Electric
  • CMI Group
  • John Wood Group PLC
  • Cannon S.p.A.
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Rentech Boilers Systems Inc.
  • Hamon Deltak, Inc.
  • AC BOILERS SpA
  • SES Tlmace, a.s.
  • Xizi United Holdings Limited

Heat Recovery Steam Generator Market by Category

By Design Type:

  • Modular Construction
  • C-Section Construction
  • Bundle Construction
  • Fully Assembled

By Configuration Type:

  • Horizontal Drum Units
  • Vertical Drum Units
  • Horizontal-Once Through Units

By Output Power Type:

  • 0-60 MW
  • 60-100 MW
  • 100 MW & Above

By Application Type:

  • Co-generation (Process Heating)
  • Combined Cycle
  • Combined Heat & Power (CHP)

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

What is the Heat Recovery Steam Generator Market Size in 2023?

The market is valued at US$ 1.31 billion in 2023.

How was the Market’s Historical Performance?

The market rose at a 4.1% CAGR from 2018 to 2022.

What will the Market Size be in 2033?

The market is anticipated to reach US$ 2.03 billion by 2033.

What is the Projected Market CAGR from 2023 to 2033?

The market’s CAGR from 2023 to 2033 is estimated to be 4.5%.

Who are the Leading Heat Recovery Steam Generator Manufacturers?

Siemens AG, General Electric, CMI Group are the leading market manufacturers.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2021 and Forecast, 2023 to 2033

    4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2021

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Design Type

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Design Type, 2018 to 2021

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Design Type, 2023 to 2033

        5.3.1. Modular Construction

        5.3.2. C-Section Construction

        5.3.3. Bundle Construction

        5.3.4. Fully Assembled

    5.4. Y-o-Y Growth Trend Analysis By Design Type, 2018 to 2021

    5.5. Absolute $ Opportunity Analysis By Design Type, 2023 to 2033

6. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Configuration Type

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By Configuration Type, 2018 to 2021

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Configuration Type, 2023 to 2033

        6.3.1. Horizontal Drum Value (US$ Million)s

        6.3.2. Vertical Drum Value (US$ Million)s

        6.3.3. Horizontal-Once Through Value (US$ Million)s

    6.4. Y-o-Y Growth Trend Analysis By Configuration Type, 2018 to 2021

    6.5. Absolute $ Opportunity Analysis By Configuration Type, 2023 to 2033

7. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Output Power Type

    7.1. Introduction / Key Findings

    7.2. Historical Market Size Value (US$ Million) Analysis By Output Power Type, 2018 to 2021

    7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Output Power Type, 2023 to 2033

        7.3.1. 0-60 MW

        7.3.2. 60-100 MW

        7.3.3. 100 MW & Above

    7.4. Y-o-Y Growth Trend Analysis By Output Power Type, 2018 to 2021

    7.5. Absolute $ Opportunity Analysis By Output Power Type, 2023 to 2033

8. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Application Type

    8.1. Introduction / Key Findings

    8.2. Historical Market Size Value (US$ Million) Analysis By Application Type, 2018 to 2021

    8.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application Type, 2023 to 2033

        8.3.1. Co-generation (Process Heating)

        8.3.2. Combined Cycle

        8.3.3. Combined Heat & Power (CHP)

    8.4. Y-o-Y Growth Trend Analysis By Application Type, 2018 to 2021

    8.5. Absolute $ Opportunity Analysis By Application Type, 2023 to 2033

9. Global Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Region

    9.1. Introduction

    9.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2021

    9.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033

        9.3.1. North America

        9.3.2. Latin America

        9.3.3. Western Europe

        9.3.4. Eastern Europe

        9.3.5. South Asia and Pacific

        9.3.6. East Asia

        9.3.7. Middle East and Africa

    9.4. Market Attractiveness Analysis By Region

10. North America Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        10.2.1. By Country

            10.2.1.1. USA

            10.2.1.2. Canada

        10.2.2. By Design Type

        10.2.3. By Configuration Type

        10.2.4. By Output Power Type

        10.2.5. By Application Type

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Design Type

        10.3.3. By Configuration Type

        10.3.4. By Output Power Type

        10.3.5. By Application Type

    10.4. Key Takeaways

11. Latin America Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        11.2.1. By Country

            11.2.1.1. Brazil

            11.2.1.2. Mexico

            11.2.1.3. Rest of Latin America

        11.2.2. By Design Type

        11.2.3. By Configuration Type

        11.2.4. By Output Power Type

        11.2.5. By Application Type

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Design Type

        11.3.3. By Configuration Type

        11.3.4. By Output Power Type

        11.3.5. By Application Type

    11.4. Key Takeaways

12. Western Europe Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        12.2.1. By Country

            12.2.1.1. Germany

            12.2.1.2. UK

            12.2.1.3. France

            12.2.1.4. Spain

            12.2.1.5. Italy

            12.2.1.6. Rest of Western Europe

        12.2.2. By Design Type

        12.2.3. By Configuration Type

        12.2.4. By Output Power Type

        12.2.5. By Application Type

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Design Type

        12.3.3. By Configuration Type

        12.3.4. By Output Power Type

        12.3.5. By Application Type

    12.4. Key Takeaways

13. Eastern Europe Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        13.2.1. By Country

            13.2.1.1. Poland

            13.2.1.2. Russia

            13.2.1.3. Czech Republic

            13.2.1.4. Romania

            13.2.1.5. Rest of Eastern Europe

        13.2.2. By Design Type

        13.2.3. By Configuration Type

        13.2.4. By Output Power Type

        13.2.5. By Application Type

    13.3. Market Attractiveness Analysis

        13.3.1. By Country

        13.3.2. By Design Type

        13.3.3. By Configuration Type

        13.3.4. By Output Power Type

        13.3.5. By Application Type

    13.4. Key Takeaways

14. South Asia and Pacific Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        14.2.1. By Country

            14.2.1.1. India

            14.2.1.2. Bangladesh

            14.2.1.3. Australia

            14.2.1.4. New Zealand

            14.2.1.5. Rest of South Asia and Pacific

        14.2.2. By Design Type

        14.2.3. By Configuration Type

        14.2.4. By Output Power Type

        14.2.5. By Application Type

    14.3. Market Attractiveness Analysis

        14.3.1. By Country

        14.3.2. By Design Type

        14.3.3. By Configuration Type

        14.3.4. By Output Power Type

        14.3.5. By Application Type

    14.4. Key Takeaways

15. East Asia Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        15.2.1. By Country

            15.2.1.1. China

            15.2.1.2. Japan

            15.2.1.3. South Korea

        15.2.2. By Design Type

        15.2.3. By Configuration Type

        15.2.4. By Output Power Type

        15.2.5. By Application Type

    15.3. Market Attractiveness Analysis

        15.3.1. By Country

        15.3.2. By Design Type

        15.3.3. By Configuration Type

        15.3.4. By Output Power Type

        15.3.5. By Application Type

    15.4. Key Takeaways

16. Middle East and Africa Market Analysis 2018 to 2021 and Forecast 2023 to 2033, By Country

    16.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2021

    16.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033

        16.2.1. By Country

            16.2.1.1. GCC Countries

            16.2.1.2. South Africa

            16.2.1.3. Israel

            16.2.1.4. Rest of MEA

        16.2.2. By Design Type

        16.2.3. By Configuration Type

        16.2.4. By Output Power Type

        16.2.5. By Application Type

    16.3. Market Attractiveness Analysis

        16.3.1. By Country

        16.3.2. By Design Type

        16.3.3. By Configuration Type

        16.3.4. By Output Power Type

        16.3.5. By Application Type

    16.4. Key Takeaways

17. Key Countries Market Analysis

    17.1. USA

        17.1.1. Pricing Analysis

        17.1.2. Market Share Analysis, 2021

            17.1.2.1. By Design Type

            17.1.2.2. By Configuration Type

            17.1.2.3. By Output Power Type

            17.1.2.4. By Application Type

    17.2. Canada

        17.2.1. Pricing Analysis

        17.2.2. Market Share Analysis, 2021

            17.2.2.1. By Design Type

            17.2.2.2. By Configuration Type

            17.2.2.3. By Output Power Type

            17.2.2.4. By Application Type

    17.3. Brazil

        17.3.1. Pricing Analysis

        17.3.2. Market Share Analysis, 2021

            17.3.2.1. By Design Type

            17.3.2.2. By Configuration Type

            17.3.2.3. By Output Power Type

            17.3.2.4. By Application Type

    17.4. Mexico

        17.4.1. Pricing Analysis

        17.4.2. Market Share Analysis, 2021

            17.4.2.1. By Design Type

            17.4.2.2. By Configuration Type

            17.4.2.3. By Output Power Type

            17.4.2.4. By Application Type

    17.5. Germany

        17.5.1. Pricing Analysis

        17.5.2. Market Share Analysis, 2021

            17.5.2.1. By Design Type

            17.5.2.2. By Configuration Type

            17.5.2.3. By Output Power Type

            17.5.2.4. By Application Type

    17.6. UK

        17.6.1. Pricing Analysis

        17.6.2. Market Share Analysis, 2021

            17.6.2.1. By Design Type

            17.6.2.2. By Configuration Type

            17.6.2.3. By Output Power Type

            17.6.2.4. By Application Type

    17.7. France

        17.7.1. Pricing Analysis

        17.7.2. Market Share Analysis, 2021

            17.7.2.1. By Design Type

            17.7.2.2. By Configuration Type

            17.7.2.3. By Output Power Type

            17.7.2.4. By Application Type

    17.8. Spain

        17.8.1. Pricing Analysis

        17.8.2. Market Share Analysis, 2021

            17.8.2.1. By Design Type

            17.8.2.2. By Configuration Type

            17.8.2.3. By Output Power Type

            17.8.2.4. By Application Type

    17.9. Italy

        17.9.1. Pricing Analysis

        17.9.2. Market Share Analysis, 2021

            17.9.2.1. By Design Type

            17.9.2.2. By Configuration Type

            17.9.2.3. By Output Power Type

            17.9.2.4. By Application Type

    17.10. Poland

        17.10.1. Pricing Analysis

        17.10.2. Market Share Analysis, 2021

            17.10.2.1. By Design Type

            17.10.2.2. By Configuration Type

            17.10.2.3. By Output Power Type

            17.10.2.4. By Application Type

    17.11. Russia

        17.11.1. Pricing Analysis

        17.11.2. Market Share Analysis, 2021

            17.11.2.1. By Design Type

            17.11.2.2. By Configuration Type

            17.11.2.3. By Output Power Type

            17.11.2.4. By Application Type

    17.12. Czech Republic

        17.12.1. Pricing Analysis

        17.12.2. Market Share Analysis, 2021

            17.12.2.1. By Design Type

            17.12.2.2. By Configuration Type

            17.12.2.3. By Output Power Type

            17.12.2.4. By Application Type

    17.13. Romania

        17.13.1. Pricing Analysis

        17.13.2. Market Share Analysis, 2021

            17.13.2.1. By Design Type

            17.13.2.2. By Configuration Type

            17.13.2.3. By Output Power Type

            17.13.2.4. By Application Type

    17.14. India

        17.14.1. Pricing Analysis

        17.14.2. Market Share Analysis, 2021

            17.14.2.1. By Design Type

            17.14.2.2. By Configuration Type

            17.14.2.3. By Output Power Type

            17.14.2.4. By Application Type

    17.15. Bangladesh

        17.15.1. Pricing Analysis

        17.15.2. Market Share Analysis, 2021

            17.15.2.1. By Design Type

            17.15.2.2. By Configuration Type

            17.15.2.3. By Output Power Type

            17.15.2.4. By Application Type

    17.16. Australia

        17.16.1. Pricing Analysis

        17.16.2. Market Share Analysis, 2021

            17.16.2.1. By Design Type

            17.16.2.2. By Configuration Type

            17.16.2.3. By Output Power Type

            17.16.2.4. By Application Type

    17.17. New Zealand

        17.17.1. Pricing Analysis

        17.17.2. Market Share Analysis, 2021

            17.17.2.1. By Design Type

            17.17.2.2. By Configuration Type

            17.17.2.3. By Output Power Type

            17.17.2.4. By Application Type

    17.18. China

        17.18.1. Pricing Analysis

        17.18.2. Market Share Analysis, 2021

            17.18.2.1. By Design Type

            17.18.2.2. By Configuration Type

            17.18.2.3. By Output Power Type

            17.18.2.4. By Application Type

    17.19. Japan

        17.19.1. Pricing Analysis

        17.19.2. Market Share Analysis, 2021

            17.19.2.1. By Design Type

            17.19.2.2. By Configuration Type

            17.19.2.3. By Output Power Type

            17.19.2.4. By Application Type

    17.20. South Korea

        17.20.1. Pricing Analysis

        17.20.2. Market Share Analysis, 2021

            17.20.2.1. By Design Type

            17.20.2.2. By Configuration Type

            17.20.2.3. By Output Power Type

            17.20.2.4. By Application Type

    17.21. GCC Countries

        17.21.1. Pricing Analysis

        17.21.2. Market Share Analysis, 2021

            17.21.2.1. By Design Type

            17.21.2.2. By Configuration Type

            17.21.2.3. By Output Power Type

            17.21.2.4. By Application Type

    17.22. South Africa

        17.22.1. Pricing Analysis

        17.22.2. Market Share Analysis, 2021

            17.22.2.1. By Design Type

            17.22.2.2. By Configuration Type

            17.22.2.3. By Output Power Type

            17.22.2.4. By Application Type

    17.23. Israel

        17.23.1. Pricing Analysis

        17.23.2. Market Share Analysis, 2021

            17.23.2.1. By Design Type

            17.23.2.2. By Configuration Type

            17.23.2.3. By Output Power Type

            17.23.2.4. By Application Type

18. Market Structure Analysis

    18.1. Competition Dashboard

    18.2. Competition Benchmarking

    18.3. Market Share Analysis of Top Players

        18.3.1. By Regional

        18.3.2. By Design Type

        18.3.3. By Configuration Type

        18.3.4. By Output Power Type

        18.3.5. By Application Type

19. Competition Analysis

    19.1. Competition Deep Dive

        19.1.1. Cleaver-Brooks

            19.1.1.1. Overview

            19.1.1.2. Product Portfolio

            19.1.1.3. Profitability by Market Segments

            19.1.1.4. Sales Footprint

            19.1.1.5. Strategy Overview

                19.1.1.5.1. Marketing Strategy

        19.1.2. Siemens AG

            19.1.2.1. Overview

            19.1.2.2. Product Portfolio

            19.1.2.3. Profitability by Market Segments

            19.1.2.4. Sales Footprint

            19.1.2.5. Strategy Overview

                19.1.2.5.1. Marketing Strategy

        19.1.3. General Electric

            19.1.3.1. Overview

            19.1.3.2. Product Portfolio

            19.1.3.3. Profitability by Market Segments

            19.1.3.4. Sales Footprint

            19.1.3.5. Strategy Overview

                19.1.3.5.1. Marketing Strategy

        19.1.4. CMI Group

            19.1.4.1. Overview

            19.1.4.2. Product Portfolio

            19.1.4.3. Profitability by Market Segments

            19.1.4.4. Sales Footprint

            19.1.4.5. Strategy Overview

                19.1.4.5.1. Marketing Strategy

        19.1.5. John Wood Group PLC

            19.1.5.1. Overview

            19.1.5.2. Product Portfolio

            19.1.5.3. Profitability by Market Segments

            19.1.5.4. Sales Footprint

            19.1.5.5. Strategy Overview

                19.1.5.5.1. Marketing Strategy

        19.1.6. Cannon S.p.A.

            19.1.6.1. Overview

            19.1.6.2. Product Portfolio

            19.1.6.3. Profitability by Market Segments

            19.1.6.4. Sales Footprint

            19.1.6.5. Strategy Overview

                19.1.6.5.1. Marketing Strategy

        19.1.7. Mitsubishi Hitachi Power Systems, Ltd.

            19.1.7.1. Overview

            19.1.7.2. Product Portfolio

            19.1.7.3. Profitability by Market Segments

            19.1.7.4. Sales Footprint

            19.1.7.5. Strategy Overview

                19.1.7.5.1. Marketing Strategy

        19.1.8. Rentech Boilers Systems Inc.

            19.1.8.1. Overview

            19.1.8.2. Product Portfolio

            19.1.8.3. Profitability by Market Segments

            19.1.8.4. Sales Footprint

            19.1.8.5. Strategy Overview

                19.1.8.5.1. Marketing Strategy

        19.1.9. Hamon Deltak, Inc.

            19.1.9.1. Overview

            19.1.9.2. Product Portfolio

            19.1.9.3. Profitability by Market Segments

            19.1.9.4. Sales Footprint

            19.1.9.5. Strategy Overview

                19.1.9.5.1. Marketing Strategy

        19.1.10. AC BOILERS SpA

            19.1.10.1. Overview

            19.1.10.2. Product Portfolio

            19.1.10.3. Profitability by Market Segments

            19.1.10.4. Sales Footprint

            19.1.10.5. Strategy Overview

                19.1.10.5.1. Marketing Strategy

        19.1.11. SES Tlmace, a.s.

            19.1.11.1. Overview

            19.1.11.2. Product Portfolio

            19.1.11.3. Profitability by Market Segments

            19.1.11.4. Sales Footprint

            19.1.11.5. Strategy Overview

                19.1.11.5.1. Marketing Strategy

        19.1.12. Xizi Holdings Limited

            19.1.12.1. Overview

            19.1.12.2. Product Portfolio

            19.1.12.3. Profitability by Market Segments

            19.1.12.4. Sales Footprint

            19.1.12.5. Strategy Overview

                19.1.12.5.1. Marketing Strategy

20. Assumptions & Acronyms Used

21. Research Methodology

Recommendations

Industrial Automation

Motor Generator Set Market

July 2023

REP-GB-5498

308 pages

Industrial Automation

Gasoline Generator Market

July 2022

REP-GB-1563

288 pages

Explore Industrial Automation Insights

View Reports
Future Market Insights

Heat Recovery Steam Generator Market

Schedule a Call