Europe Heat Recovery Steam Generator Market (2026-2032) | Companies, Forecast, Outlook ,Trends, Growth, Size, Value, Revenue, Analysis, Industry & Share
Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Rated Power (Up to 30 MW, >30 MW), By Application (Combined cycle, CHP), By End User (Utilities, Chemicals, Refineries, Pulp & Paper, Commercial & Others) And Competitive Landscape
| Product Code: ETC4611928 | Publication Date: Jul 2023 | Updated Date: Dec 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 |
Europe Heat Recovery Steam Generator Market Size and Growth Rate
According to 6Wresearch internal database and industry insights, the Europe Heat Recovery Steam Generator (HRSG) Market was valued at approximately USD 2.8 billion in 2025 and is projected to reach nearly USD 4.5 billion by 2032, registering a compound annual growth rate (CAGR) of 8 % during the forecast period (2026-2032).
Five-Year Growth Trajectory of the Europe Heat Recovery Steam Generator Market with Core Drivers
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Years | Est. Annual Growth (%) | Growth Drivers |
| 2021 | 5.5 | Increasing demand for energy-efficient solutions in power plants. |
| 2022 | 6 | Growing integration of renewable energy sources and the push for lower carbon emissions. |
| 2023 | 6.2 | Expansion of the industrial sector and focus on reducing operational costs. |
| 2024 | 6.5 | Adoption of HRSG systems in combined cycle power plants to increase efficiency. |
| 2025 | 7 | Increase in government policies promoting sustainable energy and energy recovery technologies. |
Topics Covered in the Europe Heat Recovery Steam Generator Market Report
The Europe Heat Recovery Steam Generator (HRSG) Market report thoroughly covers the market by countries, rated power, application, and end-user. The report provides an unbiased and detailed analysis of ongoing market trends, opportunities, high-growth areas, and market drivers, helping stakeholders align their market strategies with the current and future market dynamics.
Europe Heat Recovery Steam Generator (HRSG) Market Highlights
| Report Name | Europe Heat Recovery Steam Generator (HRSG) Market |
| Forecast Period | 2026-2032 |
| Market Size | USD 4.5 billion by 2032 |
| CAGR | 8% |
| Growing Sector | Power Generation & Industrial Sectors |
Europe Heat Recovery Steam Generator Market Synopsis
The Europe Heat Recovery Steam Generator Market is currently being fuelled by the increasing desire to use an energy-efficient power-generation process. The function of HRSG in combined cycle power plants is to retrieve and convert the waste heat from gas turbines into steam, thereby increasing the overall energy created. With growing concern about the environment and more stringent carbon emissions regulations globally, HRSG is becoming more popular as a sustainable way to produce energy. Market Growth rates are also driven by the growing need for Renewable Energy sources (RES) such as Biomass and Geothermal Energy, which can benefit from HRSG technology.
Evaluation of Growth Drivers in the Europe Heat Recovery Steam Generator
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Initial Investment Costs | Industrial, Utilities | High upfront costs of HRSG systems can deter small enterprises and new plants from investing. |
| Technological Limitations | All Segments | Certain HRSG models face limitations in scaling up, particularly in small or low-output power systems. |
| Regulatory Hurdles | All Sectors | The complexity of regulatory requirements across Europe can slow down project progress. |
| Complexity of Integration | Industrial & Energy Sectors | Incorporating HRSGs into existing systems can be technically challenging and demands specialized knowledge. |
The Europe Heat Recovery Steam Generator size is projected to grow at a CAGR of 8 % during the forecast period (2026–2032) Growing demand for energy-efficient solutions in the power plant and industrial industries continues to drive heat recovery steam generator (HRSG) market growth within Europe. HRSGs are largely being adopted due to increasing government regulations regarding sustainable and low carbon emissions. In addition, with the rise in energy prices and the increased use of renewable energy sources as a means to meet energy demand, this has subsequently increased the need for efficient heat recovery systems within these sectors.
Evaluation of Restraints in the Europe Heat Recovery Steam Generator (HRSG) Market
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Initial Investment Costs | Industrial, Commercial, Utilities | High upfront capital costs deter smaller plants and industries from adopting HRSGs despite long-term savings. |
| Technological Limitations | All Segments | The scalability of HRSG systems can be problematic, especially for smaller plants or those with reduced energy requirements. |
| Regulatory Hurdles | All Sectors | Stringent regulatory standards in different European countries can delay HRSG installations and approvals. |
| Complexity of Integration | Industrial & Energy | Integrating HRSG into existing systems requires specialized knowledge and can be technically challenging for many plants. |
| Space Constraints | Industrial & Commercial | Due to their large size, HRSG systems can be difficult to install in densely packed urban or industrial zones. |
Europe Heat Recovery Steam Generator Market Challenges
The Europe Heat Recovery Steam Generator Industry encounters challenges, including high upfront costs that may discourage adoption, particularly in smaller power plants. Technological barriers in scaling HRSG systems for various applications also impede growth. Furthermore, the complexity of regulatory frameworks in different European countries can cause delays in project approvals and system integration. The requirement for specialized expertise to implement and maintain HRSG systems in existing infrastructures adds to the challenge, slowing adoption in certain areas.
Europe Heat Recovery Steam Generator Market Trends
Some major trends contributing to the development of Europe Heat Recovery Steam Generator Market Growth are:
- Digital Monitoring & Control System uses to Optimize Heat Recovery Steam Generator (HRSG) Performance, HRSG Fuel Efficiency Increase & Operational Cost Reduction through implementation of Digital HRSG Monitoring /Control Systems.
- Growing use of Hybrid HRSG Solutions utilizes Renewable Energy Sources (Solar and/or Biomass) Combined with Conventional Natural Gas-Fired Power Plant(s) to Provide Increased Sustainability.
- Modular HRSG Design is also gaining popularity due to the inherent flexibility of Modular HRSG Systems in both the installation and growth potential aspect, especially when installed at smaller or remote generating sites.
- Increasingly popular is the Integrating of HRSGs into Combined Heat & Power Plants whereby HRSGs are Provides Enhanced Energy Recovery/ Total Plant Efficiency.
Investment Opportunities in the Europe Heat Recovery Steam Generator Industry
Here are some investment opportunities in the Europe Heat Recovery Steam Generator Market:
- Energy-Efficient HRSG Systems: Investment in HRSG technologies that focus on improving energy efficiency and lowering emissions offers significant opportunities as the demand for cleaner power generation increases.
- Government-Supported Projects: Projects receiving government support or subsidies for energy-efficient and sustainable infrastructure represent significant growth areas.
- Renewable Integration: Investing in HRSGs that can efficiently integrate renewable energy sources such as biomass and solar energy can cater to the growing trend toward decarbonization.
Top 5 Leading Players in the Europe Heat Recovery Steam Generator Market
Here are some top companies contributing to the Europe Heat Recovery Steam Generator Market Share:
1. Siemens Energy
| Company Name | Siemens Energy |
|---|---|
| Established Year | 1847 |
| Headquarters | Berlin, Germany |
| Official Website | Click Here |
Siemens Energy offers HRSGs designed to improve energy recovery efficiency, focusing on integration with renewable energy sources and reducing carbon emissions.
2. Mitsubishi Power
| Company Name | Mitsubishi Power |
|---|---|
| Established Year | 1884 |
| Headquarters | Tokyo, Japan |
| Official Website | Click Here |
Mitsubishi Power provides cutting-edge HRSG systems for industrial applications and power plants, with a focus on operational reliability and cost efficiency.
3. General Electric (GE)
| Company Name | General Electric (GE) |
|---|---|
| Established Year | 1892 |
| Headquarters | Schenectady, New York, USA |
| Official Website | Click Here |
GE is a major player in the HRSG market, offering advanced systems that help power plants achieve high efficiency and reduced emissions.
4. Doosan Heavy Industries & Construction
| Company Name | Doosan Heavy Industries & Construction |
|---|---|
| Established Year | 1962 |
| Headquarters | Changwon, South Korea |
| Official Website | Click Here |
Doosan provides HRSGs for large-scale power plants, including solutions that integrate renewable and clean energy sources to meet sustainability goals.
5. Alstom (now part of GE)
| Company Name | Alstom (now part of GE) |
|---|---|
| Established Year | 1928 |
| Headquarters | Paris, France |
| Official Website | Click Here |
Alstom has been a key supplier of HRSG technology, particularly for use in combined cycle and CHP systems that aim to optimize fuel efficiency and energy recovery.
Government Initiatives Introduced in the Europe Heat Recovery Steam Generator Market
Several European government initiatives are supporting the widespread adoption of Heat Recovery Steam Generators (HRSGs) to meet sustainability goals. The EU Green Deal and Fit for 55 focus on reducing carbon emissions, encouraging the use of energy-efficient technologies such as HRSG systems. In Germany, there are financial incentives and grants available to power plants implementing green technologies, including HRSGs. France and the UK also offer funding for energy efficiency projects, further promoting the use of HRSGs across various industrial sectors.
Future Insights of the Europe Heat Recovery Steam Generator Market
The Europe Heat Recovery Steam Generator Market is expected to grow steadily over the next several years. This growth will be aided by increased use of energy-efficient products by industries and increasingly stringent regulations imposed by European governments regarding greenhouse gas emissions from power generation facilities. Due to the focus on reducing both fuel costs and carbon emissions, we anticipate that a number of different innovations will continue to provide benefits to power plant operators in their efforts to meet sustainability objectives, improve operational performance, and continue to innovate.
Market Segmentation Analysis
The report offers a comprehensive study of the following market segments and their leading categories.
Germany to Dominate the Market - By Countries
According to Ritika Kalra, Senior Research Analyst, 6Wresearch, Germany is expected to lead the Europe HRSG market, driven by its continuous technological innovation, strong government policies supporting green energy, and the nation's long-standing commitment to integrating renewable energy sources such as wind, solar, and biomass into its power grid. These factors make Germany a leader in energy efficiency and sustainable power generation.
Up to 30 MW to Dominate the Market - By Rated Power
HRSG systems with up to 30 MW capacity dominate the market, catering to small and medium-sized power plants that seek cost-effective energy recovery solutions. These systems are particularly popular for their ability to optimize energy efficiency in plants that do not require larger, more complex configurations, offering a balance of performance and affordability.
Combined Cycle Leads to Dominate the Market - By Application
The combined cycle application is the leading segment for HRSG adoption, as it allows power plants to maximize energy efficiency by utilizing waste heat for additional power generation. By integrating HRSGs with combined cycle systems, power plants can significantly boost overall fuel efficiency, thereby reducing operational costs while enhancing their environmental performance through lower emissions.
Utilities Lead to Dominate the Market - By End User
The utilities sector is the dominant end-user for HRSG systems due to the high demand for energy efficiency in large-scale power generation. Utility companies are increasingly turning to HRSG solutions to improve their plant's efficiency and reduce fuel consumption, ensuring a stable and sustainable energy supply while meeting the growing regulatory pressure to cut carbon emissions.
Key Attractiveness of the Report
- 10 Years of Market Numbers.
- Historical Data Starting from 2022 to 2025.
- Base Year: 2025.
- Forecast Data until 2032.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Europe Heat Recovery Steam Generator Market Outlook
- Market Size of Europe Heat Recovery Steam Generator Market, 2025
- Forecast of Europe Heat Recovery Steam Generator Market, 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Revenues & Volume for the Period 2022 - 2032
- Europe Heat Recovery Steam Generator Market Trend Evolution
- Europe Heat Recovery Steam Generator Market Drivers and Challenges
- Europe Heat Recovery Steam Generator Price Trends
- Europe Heat Recovery Steam Generator Porter's Five Forces
- Europe Heat Recovery Steam Generator Industry Life Cycle
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of Europe Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of Germany Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of United Kingdom Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of France Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of Italy Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of Russia Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of Spain Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2022 - 2032
- Historical Data and Forecast of Rest of Europe Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2022 - 2032
- Europe Heat Recovery Steam Generator Market - Key Performance Indicators
- Europe Heat Recovery Steam Generator Market - Import Export Trade Statistics
- Europe Heat Recovery Steam Generator Market - Opportunity Assessment By Countries
- Europe Heat Recovery Steam Generator Market - Opportunity Assessment By Rated Power
- Europe Heat Recovery Steam Generator Market - Opportunity Assessment By Application
- Europe Heat Recovery Steam Generator Market - Opportunity Assessment By End User
- Europe Heat Recovery Steam Generator Market - Top Companies Market Share
- Europe Heat Recovery Steam Generator Market - Top Companies Profiles
- Europe Heat Recovery Steam Generator Market - Comparison of Players in Technical and Operating Parameters
- Europe Heat Recovery Steam Generator Market - Strategic Recommendations
Market Covered
The market report has been segmented and sub-segmented into the following categories:
By Countries
- Germany
- United Kingdom
- France
- Italy
- Russia
- Spain
- Rest of Europe
By Rated Power
- Up to 30 MW
- >30 MW
By Application
- Combined Cycle
- CHP
By End User
- Utilities
- Chemicals
- Refineries
- Pulp & Paper
- Commercial & Others
Europe Heat Recovery Steam Generator Market (2026-2032) : FAQ's
The Europe Heat Recovery Steam Generator Market is projected to grow at a CAGR of 8 % during 2026–2032.
The Europe Heat Recovery Steam Generator Market was valued at approximately USD 2.8 billion in 2025 and is expected to reach USD 4.5 billion by 2032.
Germany, the United Kingdom, and France are leading contributors due to their robust energy efficiency regulations and demand for sustainable power generation.
Challenges include high initial investment costs, technological limitations in scaling the systems, and complex regulatory requirements across European regions.
6Wresearch actively monitors the Europe Heat Recovery Steam Generator Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Europe Heat Recovery Steam Generator Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
| 1 Executive Summary |
| 2 Introduction |
| 2.1 Key Highlights of the Report |
| 2.2 Report Description |
| 2.3 Market Scope & Segmentation |
| 2.4 Research Methodology |
| 2.5 Assumptions |
| 3 Europe Heat Recovery Steam Generator Market Overview |
| 3.1 Europe Regional Macro Economic Indicators |
| 3.2 Europe Heat Recovery Steam Generator Market Revenues & Volume, 2022 & 2032F |
| 3.3 Europe Heat Recovery Steam Generator Market - Industry Life Cycle |
| 3.4 Europe Heat Recovery Steam Generator Market - Porter's Five Forces |
| 3.5 Europe Heat Recovery Steam Generator Market Revenues & Volume Share, By Countries, 2022 & 2032F |
| 3.6 Europe Heat Recovery Steam Generator Market Revenues & Volume Share, By Rated Power, 2022 & 2032F |
| 3.7 Europe Heat Recovery Steam Generator Market Revenues & Volume Share, By Application, 2022 & 2032F |
| 3.8 Europe Heat Recovery Steam Generator Market Revenues & Volume Share, By End User, 2022 & 2032F |
| 4 Europe Heat Recovery Steam Generator Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.3 Market Restraints |
| 5 Europe Heat Recovery Steam Generator Market Trends |
| 6 Europe Heat Recovery Steam Generator Market, 2022 - 2032 |
| 6.1 Europe Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 6.2 Europe Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 6.3 Europe Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 7 Germany Heat Recovery Steam Generator Market, 2022 - 2032 |
| 7.1 Germany Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 7.2 Germany Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 7.3 Germany Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 8 United Kingdom Heat Recovery Steam Generator Market, 2022 - 2032 |
| 8.1 United Kingdom Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 8.2 United Kingdom Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 8.3 United Kingdom Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 9 France Heat Recovery Steam Generator Market, 2022 - 2032 |
| 9.1 France Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 9.2 France Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 9.3 France Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 10 Italy Heat Recovery Steam Generator Market, 2022 - 2032 |
| 10.1 Italy Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 10.2 Italy Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 10.3 Italy Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 11 Russia Heat Recovery Steam Generator Market, 2022 - 2032 |
| 11.1 Russia Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 11.2 Russia Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 11.3 Russia Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 12 Spain Heat Recovery Steam Generator Market, 2022 - 2032 |
| 12.1 Spain Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 12.2 Spain Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 12.3 Spain Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 13 Rest of Europe Heat Recovery Steam Generator Market, 2022 - 2032 |
| 13.1 Rest of Europe Heat Recovery Steam Generator Market, Revenues & Volume, By Rated Power, 2022 - 2032 |
| 13.2 Rest of Europe Heat Recovery Steam Generator Market, Revenues & Volume, By Application, 2022 - 2032 |
| 13.3 Rest of Europe Heat Recovery Steam Generator Market, Revenues & Volume, By End User, 2022 - 2032 |
| 14 Europe Heat Recovery Steam Generator Market Key Performance Indicators |
| 15 Europe Heat Recovery Steam Generator Market - Opportunity Assessment |
| 15.1 Europe Heat Recovery Steam Generator Market Opportunity Assessment, By Countries, 2022 & 2032F |
| 15.2 Europe Heat Recovery Steam Generator Market Opportunity Assessment, By Rated Power, 2022 & 2032F |
| 15.3 Europe Heat Recovery Steam Generator Market Opportunity Assessment, By Application, 2022 & 2032F |
| 15.4 Europe Heat Recovery Steam Generator Market Opportunity Assessment, By End User, 2022 & 2032F |
| 16 Europe Heat Recovery Steam Generator Market - Competitive Landscape |
| 16.1 Europe Heat Recovery Steam Generator Market Revenue Share, By Companies, 2022-2032F |
| 16.2 Europe Heat Recovery Steam Generator Market Competitive Benchmarking, By Operating and Technical Parameters |
| 17 Company Profiles |
| 18 Recommendations |
| 19 Disclaimer |
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