India Heat Recovery Steam Generator Market (2025-2031) Outlook | Value, Share, Analysis, Companies, Size, Growth, Trends, Revenue, Forecast & Industry

India Heat Recovery Steam Generator Market Overview

The heat recovery steam generator (HRSG) market in India is expanding as the country seeks to maximize the efficiency of its power generation processes. HRSGs are integral components in combined cycle power plants, where they recover waste heat from gas turbines to produce steam for additional power generation. With India focus on improving power generation efficiency and reducing emissions, HRSGs play a vital role. The government`s initiatives to enhance the efficiency of power plants and the integration of renewable energy are driving the demand for HRSGs in India energy sector.

Drivers of the Market

The India Heat Recovery Steam Generator market is driven by the need to recover waste heat from industrial processes and power plants. These generators play a crucial role in improving energy efficiency and reducing emissions. As India focuses on sustainability and energy conservation, the demand for heat recovery steam generators increases.

Challenges of the Market

The heat recovery steam generator (HRSG) market in India faces several challenges. One significant issue is the need for a consistent and reliable supply of high-temperature waste heat sources, typically from industrial processes or power generation, for HRSGs to be effective. The availability of such waste heat varies, and not all industries can provide a suitable source. Additionally, the high capital cost and complex engineering required for HRSG installation can be a barrier for potential users, especially in cost-sensitive industries. Regulatory compliance, safety standards, and environmental concerns related to emissions and the disposal of HRSG waste heat are areas that need attention. The market also needs to address the integration of HRSGs into existing systems and ensure efficient energy conversion. These factors collectively impact the growth of the HRSG market in India.

COVID-19 Impact on the Market

The COVID-19 pandemic disrupted the India Heat Recovery Steam Generator Market, as industrial activities slowed down and project timelines were extended. Nevertheless, as industries focus on energy efficiency and emissions reduction, the demand for heat recovery steam generators is expected to rebound in the post-pandemic period.

Key Players in the Market

Heat recovery steam generators are crucial components in combined cycle power plants. Key players in this market include BHEL, Thermax, and Siemens, providing high-efficiency steam generators that recover waste heat from gas turbines to produce additional power.

Key Highlights of the Report:

• India Heat Recovery Steam Generator Market Outlook
• Market Size of India Heat Recovery Steam Generator Market, 2024
• Forecast of India Heat Recovery Steam Generator Market, 2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Revenues & Volume for the Period 2021-2031
• India Heat Recovery Steam Generator Market Trend Evolution
• India Heat Recovery Steam Generator Market Drivers and Challenges
• India Heat Recovery Steam Generator Price Trends
• India Heat Recovery Steam Generator Porter's Five Forces
• India Heat Recovery Steam Generator Industry Life Cycle
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Rated Power for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Up to 30 MW for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By >30 MW for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Application for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Combined cycle for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By CHP for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By End User for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Utilities for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Chemicals for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Refineries for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Pulp & Paper for the Period 2021-2031
• Historical Data and Forecast of India Heat Recovery Steam Generator Market Revenues & Volume By Commercial & Others for the Period 2021-2031
• India Heat Recovery Steam Generator Import Export Trade Statistics
• Market Opportunity Assessment By Rated Power
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By End User
• India Heat Recovery Steam Generator Top Companies Market Share
• India Heat Recovery Steam Generator Competitive Benchmarking By Technical and Operational Parameters
• India Heat Recovery Steam Generator Company Profiles
• India Heat Recovery Steam Generator Key Strategic Recommendations