Who are the key players in North America Heat Recovery Steam Generator Market industry?

The top five players in the North America Heat Recovery Steam Generator (HRSG) market are General Electric, Siemens Energy, Mitsubishi Power, Babcock & Wilcox Enterprises, and Doosan Enerbility. These companies lead the market with advanced product portfolios, extensive distribution networks, and ongoing investments in innovative and flexible HRSG technologies for power and industrial applications.

Which segment accounted for the largest North America Heat Recovery Steam Generator Market share?

The utility power generation segment holds the largest share of the North America HRSG market. This sector’s dominance results from expanding natural gas-based combined cycle plants, favored for their high efficiency and reduced emissions as utilities transition to cleaner energy sources to meet tightening environmental regulations.

What are the factors driving the North America Heat Recovery Steam Generator Market?

Key factors include government initiatives promoting cleaner energy and the rising deployment of combined cycle power plants. For example, Siemens Energy has reported increased orders following U.S. incentives for decarbonization and modern grid solutions, prompting utilities to invest in HRSG systems to boost efficiency and sustainability.

Which type accounted for the largest North America Heat Recovery Steam Generator Market share?

The horizontal HRSG type dominates the market due to its modular design, ease of transportation, and suitability for a wide range of power plant sizes. Its flexibility in installation and maintenance makes it preferred in recent and upcoming combined cycle projects across North America.

North America Heat Recovery Steam Generator Market Manufacturing Plant Project Report - Pre-Feasibility, Cost & ROI Analysis

Q: What is the North America Heat Recovery Steam Generator Market growth?

The North America HRSG market is witnessing significant growth, driven by increasing combined cycle power plant installations. For instance, General Electric announced new projects in 2023 to support grid modernization. Market analysts expect a CAGR of over 5% through 2028 due to increased adoption of clean energy and grid flexibility solutions.

North America Heat Recovery Steam Generator Market Plant Report, Pre-Feasibility, Production Cost Structure, Expenditure Report, Return on Investment (ROI), Economic Feasibility, Capex, OPEX, Machinery, Material Cost, Top Installation Services Providers Analysis

Last Updated: 23-07-2025 | Format: PDF | Report ID:10705 | Author: Abhishek

Procurement Report

North America Heat Recovery Steam Generator Market Procurement Resource Report

Plant ReportPre-FeasibilityProduction Cost StructureExpenditure ReportReturn on Investment (ROI)Economic FeasibilityCapexOPEXMachineryMaterial CostTop Installation Services Providers Analysis

1. North America Heat Recovery Steam Generator Market Plant Market Revenue (USD Million), (2020-2035)

1.1. North America Heat Recovery Steam Generator Market Plant By Regions/Countries

1.1.1. North America

1.1.2. Europe

1.1.3. Asia-Pacific

1.1.4. South America

2. North America Heat Recovery Steam Generator Market Plant Executive Summary

2.1. North America Heat Recovery Steam Generator Market Plant Market Historical and Forecasted Scenario

2.2. North America Heat Recovery Steam Generator Market Plant Production Cost Comparison Between 2025 and 2030

2.3. North America Heat Recovery Steam Generator Market Plant Income Projections

2.4. North America Heat Recovery Steam Generator Market Plant Expenditure Details

2.5. North America Heat Recovery Steam Generator Market Plant Profit Margin

3. North America Heat Recovery Steam Generator Market Plant Installation Cost Structure

3.1. Total North America Heat Recovery Steam Generator Market Plant Capital Investment (Capacity)

3.2. North America Heat Recovery Steam Generator Market Plant Working Capital By Country

3.3. North America Heat Recovery Steam Generator Market Plant Land Cost By Country

3.4. North America Heat Recovery Steam Generator Market Plant Civil Work Cost By Country

3.5. North America Heat Recovery Steam Generator Market Plant Machinery Cost By Country

3.6. North America Heat Recovery Steam Generator Market Plant Auxiliary Equipment Cost By Country

3.7. North America Heat Recovery Steam Generator Market Plant Services Charges By Country

4. North America Heat Recovery Steam Generator Market Plant Variable Costs Structure

4.1. North America Heat Recovery Steam Generator Market Plant Raw Materials

4.1.1. North America Heat Recovery Steam Generator Market Plant Raw Material Specifications

4.1.2. North America Heat Recovery Steam Generator Market Plant Raw Material Consumptions

4.1.3. North America Heat Recovery Steam Generator Market Plant Raw Material Costs

4.2. North America Heat Recovery Steam Generator Market Plant Utilities Consumption Costs

4.3. North America Heat Recovery Steam Generator Market Plant Co-Products Cost Credit

4.4. North America Heat Recovery Steam Generator Market Plant Labor Requirements and Costs

5. North America Heat Recovery Steam Generator Market Plant Fixed Cost Structure

5.1. North America Heat Recovery Steam Generator Market Plant Repair & Maintenance Cost

5.2. North America Heat Recovery Steam Generator Market Plant Overheads Cost

5.3. North America Heat Recovery Steam Generator Market Plant Insurance Cost

5.4. North America Heat Recovery Steam Generator Market Plant Depreciation Chargers

6. Top 5 Plant Installation Service Providers Comparative Analysis

6.1. North America Heat Recovery Steam Generator Market Plant Consulting Charges

6.2. North America Heat Recovery Steam Generator Market Plant Civil Services Charges

6.3. North America Heat Recovery Steam Generator Market Plant Installation Charges

6.4. Other Charges

Report Pricing

10% OFF

BASIC

$2999.00$2699.00

Buy Now

Executive Summary
Global Market Snapshot
Detailed Process Flow
Fixed Cost Analysis
Conversion Cost Analysis
Variable Cost Analysis
Project Details, Requirements and Costs Breakdown
Project Economics
Report Format

15% OFFMost Popular

PREMIUM

$3999.00$3399.00

Buy Now

Executive Summary
Global Market Snapshot
Detailed Process Flow

20% OFF

ENTERPRISE

$5999.00$4799.00

Buy Now

Executive Summary
Global Market Snapshot
Detailed Process Flow

About the Author

Abhishek

Senior Market Research Analyst

Abhishek is a Senior Market Research Analyst specializing in market research, industry analysis, and business consulting across Energy & Power. Abhishek brings a commercially grounded perspective to sectors shaped by changing demand, innovation, and competitive dynamics, helping turn complex market trends into clear strategic insights for business decision-makers. With 10+ years of experience across research, analytics, and strategic advisory roles, Abhishek has helped organizations translate data into actionable growth strategies.

Energy & PowerMarket ResearchIndustry AnalysisStrategic Consulting

Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

Download Sample

Why Choose Bussiness Insights?

»Strong Industry Focus
»Extensive Product Offerings
»Customer Research Services
»Robust Research Methodology
»Comprehensive Reports
»Latest Technological Developments
»Value Chain Analysis
»Potential Market Opportunities
»Growth Dynamics
»Quality Assurance
»Post-sales Support
»Regular Report Updates

Speak to Analyst

North America Heat Recovery Steam Generator Market Manufacturing Plant Project Report - Pre-Feasibility, Cost & ROI Analysis

North America Heat Recovery Steam Generator Market Plant Report, Pre-Feasibility, Production Cost Structure, Expenditure Report, Return on Investment (ROI), Economic Feasibility, Capex, OPEX, Machinery, Material Cost, Top Installation Services Providers Analysis

North America Heat Recovery Steam Generator Market Procurement Resource Report

1. North America Heat Recovery Steam Generator Market Plant Market Revenue (USD Million), (2020-2035)

1.1. North America Heat Recovery Steam Generator Market Plant By Regions/Countries

2. North America Heat Recovery Steam Generator Market Plant Executive Summary

2.1. North America Heat Recovery Steam Generator Market Plant Market Historical and Forecasted Scenario

2.2. North America Heat Recovery Steam Generator Market Plant Production Cost Comparison Between 2025 and 2030

2.3. North America Heat Recovery Steam Generator Market Plant Income Projections

2.4. North America Heat Recovery Steam Generator Market Plant Expenditure Details

2.5. North America Heat Recovery Steam Generator Market Plant Profit Margin

3. North America Heat Recovery Steam Generator Market Plant Installation Cost Structure

3.1. Total North America Heat Recovery Steam Generator Market Plant Capital Investment (Capacity)

3.2. North America Heat Recovery Steam Generator Market Plant Working Capital By Country

3.3. North America Heat Recovery Steam Generator Market Plant Land Cost By Country

3.4. North America Heat Recovery Steam Generator Market Plant Civil Work Cost By Country

3.5. North America Heat Recovery Steam Generator Market Plant Machinery Cost By Country

3.6. North America Heat Recovery Steam Generator Market Plant Auxiliary Equipment Cost By Country

3.7. North America Heat Recovery Steam Generator Market Plant Services Charges By Country

4. North America Heat Recovery Steam Generator Market Plant Variable Costs Structure

4.1. North America Heat Recovery Steam Generator Market Plant Raw Materials

4.2. North America Heat Recovery Steam Generator Market Plant Utilities Consumption Costs

4.3. North America Heat Recovery Steam Generator Market Plant Co-Products Cost Credit

4.4. North America Heat Recovery Steam Generator Market Plant Labor Requirements and Costs

5. North America Heat Recovery Steam Generator Market Plant Fixed Cost Structure

5.1. North America Heat Recovery Steam Generator Market Plant Repair & Maintenance Cost

5.2. North America Heat Recovery Steam Generator Market Plant Overheads Cost

5.3. North America Heat Recovery Steam Generator Market Plant Insurance Cost

5.4. North America Heat Recovery Steam Generator Market Plant Depreciation Chargers

6. Top 5 Plant Installation Service Providers Comparative Analysis

6.1. North America Heat Recovery Steam Generator Market Plant Consulting Charges

6.2. North America Heat Recovery Steam Generator Market Plant Civil Services Charges

6.3. North America Heat Recovery Steam Generator Market Plant Installation Charges

6.4. Other Charges

7. Scope and Methodology

7.1. Key Questions Answered

7.2. Methodology

7.3. Estimation and Assumptions

8. Disclaimer

Report Pricing

Frequently Asked Questions

About the Author