Press release
Heat Recovery System Generator Market to Hit USD 15.6 Billion by 2035 - Growth Accelerates Across Asia-Pacific, Europe, and North America Driven by Industrial Efficiency and Emissions Regulations
Heat Recovery System Generator Market
The FMI report, "Heat Recovery System Generator Market Size, Share, and Forecast 2025-2035," indicates global revenues will grow by USD 6.2 billion over the decade, driven by the surge in demand for waste heat utilization, combined heat and power (CHP) integration, and efficiency upgrades in thermal plants and manufacturing facilities.
A Decade of Growth Anchored by Steam Turbine Dominance and Sustainability Mandates:
The shift toward capturing exhaust heat for electricity and process steam continues to reshape energy optimization. Between 2025 and 2030, the heat recovery system generator market will expand by USD 2.7 billion, led by regulatory incentives and industrial expansions in emerging economies.
Between 2030 and 2035, FMI forecasts an additional USD 3.5 billion in market growth, reflecting advanced heat exchanger designs, modular systems, and deeper integration with renewable and cogeneration setups.
"Steam turbines and industrial end-users are anchoring efficiency gains amid rising carbon targets," said Nikhil Kaitwade, FMI research analyst. "Innovations in blade materials, control systems, and modular deployment are cutting downtime and boosting ROI in high-temperature operations."
Heat Recovery System Generator Key Market Insights at a Glance:
* Metric- Global Estimate
* Market Value (2025)- USD 9.4 billion
* Forecast Value (2035)- USD 15.6 billion
* CAGR- 5.2%
* Leading Segment- Steam Turbine (27.2% share)
* Key Application- Power Generation (23.5% share)
* Dominant End-User- Industrial (29.2% share)
China: The Fastest-Growing Heat Recovery System Generator Market:
FMI's analysis highlights China's leadership in global expansion. The market is projected to grow at a CAGR of 7.0%, fueled by massive power capacity additions, chemical and cement sector investments, and national carbon neutrality goals. India follows closely at 6.5% CAGR, supported by infrastructure buildup and energy efficiency programs.
In the USA, the market is valued at USD 3.6 billion in 2025 and anticipated to reach USD 5.5 billion by 2035 (CAGR 4.4%), driven by utility upgrades and industrial retrofits. Japan and South Korea markets stand at USD 515.5 million and USD 315.8 million respectively in 2025.
Heat Recovery System Generator Five Forces Driving Market Expansion:
* Energy Efficiency Regulations: Global mandates targeting 55-60% system efficiency in combined cycles spur HRSG adoption.
* Waste Heat Utilization: Conversion of exhaust from turbines and engines into usable power reduces fuel costs by up to 30%.
* Industrialization Boom: Heavy manufacturing, chemicals, and cement sectors prioritize scalable recovery solutions.
* Technological Advancements: Improved heat exchangers, superheaters, and automated monitoring enhance reliability and output.
* Sustainability Incentives: Government subsidies and carbon credits accelerate deployments in power and process industries.
Heat Recovery System Generator Market Segment Overview:
* By Product Type: Steam turbine holds the largest segment at 27.2% of global revenue in 2025, valued for high thermal efficiency and CHP compatibility; gas turbine and diesel engine follow.
* By Application: Power generation leads with 23.5% share, supported by thermal plant integrations; chemical, cement, and pulp & paper sectors trail.
* By End-User: Industrial dominates at 29.2%, driven by cost pressures and emissions compliance; commercial and residential remain niche.
* By Component: Heat exchangers and turbines command core demand, enabling modular and customized installations.
Heat Recovery System Generator Market Regional Overview:
* North America: USA leads with USD 3.6 billion in 2025, growing at 4.4% CAGR amid utility modernizations.
* Europe: Germany at 6.0% CAGR; Western Europe expands from regulatory push for low-emission power.
* Asia Pacific: Fastest growth globally - China (7.0%), India (6.5%), Japan, and South Korea lead.
* Middle East & Africa: Investments in combined cycle plants in Saudi Arabia, UAE, and Iran fuel regional uptake.
Explore the full market insights and future trends-read the complete Market Report today! https://www.futuremarketinsights.com/reports/sample/rep-gb-414
Buy Now Report Here: https://www.futuremarketinsights.com/checkout/414
Heat Recovery System Generator Market Competitive Landscape:
* General Electric
* Siemens AG
* Mitsubishi Hitachi Power Systems
* ABB Ltd.
* Alstom SA
* Amec Foster Wheeler
* Babcock & Wilcox Enterprises
* Doosan Heavy Industries & Construction
* Foster Wheeler AG
* Thermax Limited
* CMI Group
* Nooter/Eriksen
Collectively, GE, Siemens, and Mitsubishi represent over 35% of global market share. Their focus on durable materials, digital controls, and packaged modular units underscores the push toward seamless integration and minimal maintenance.
Heat Recovery System Generator Market Outlook: Capturing Tomorrow's Energy:
Over the next decade, the heat recovery system generator market will evolve beyond recovery efficiency toward intelligent, scalable ecosystems. Emerging technologies like predictive analytics, advanced alloys, and hybrid renewable integrations will redefine plant performance.
"These systems are pivotal to net-zero transitions-they turn waste into wealth," Kaitwade added. "Manufacturers investing in flexibility, emissions compliance, and end-to-end solutions will capture the USD 6.2 billion growth opportunity."
Related Reports:
Factory Automation And Industrial Controls Market- https://www.futuremarketinsights.com/reports/factory-automation-and-industrial-controls-market
Rubber Extruder Market- https://www.futuremarketinsights.com/reports/rubber-extrusion-machine-market
Retail Printers Market- https://www.futuremarketinsights.com/reports/retail-printers-market
Have a specific Requirements and Need Assistant on Report Pricing or Limited Budget please contact us - sales@futuremarketinsights.com
About Future Market Insights (FMI)
Future Market Insights, Inc. (FMI) is an ESOMAR-certified, ISO 9001:2015 market research and consulting organization, trusted by Fortune 500 clients and global enterprises. With operations in the U.S., UK, India, and Dubai, FMI provides data-backed insights and strategic intelligence across 30+ industries and 1200 markets worldwide.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
Why FMI: https://www.futuremarketinsights.com/why-fmi
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Heat Recovery System Generator Market to Hit USD 15.6 Billion by 2035 - Growth Accelerates Across Asia-Pacific, Europe, and North America Driven by Industrial Efficiency and Emissions Regulations here
News-ID: 4264600 • Views: …
More Releases from Future Market Insights
Japan's Calcium Gluconate Demand to Reach USD 6.3 Billion by 2035 Driven by Prev …
The demand for calcium gluconate in Japan is projected to rise from USD 4.9 billion in 2025 to USD 6.3 billion by 2035, registering a compound annual growth rate (CAGR) of 2.5%. Calcium gluconate, a calcium salt, is widely used across pharmaceutical and food industries, from intravenous treatments for calcium deficiencies to fortifying foods and beverages.
The growth is primarily driven by the increasing prevalence of calcium-related deficiencies and the expanding…
Japan's Cheese Flavor Demand to Surpass USD 1.29 Trillion by 2035, Driven by Sna …
The demand for cheese flavor in Japan is projected to expand from USD 786.9 billion in 2025 to USD 1,293.8 billion by 2035, advancing at a steady 5.1% CAGR. Growth is anchored in the rising use of cheese flavor systems across snack foods, processed meals, baked goods and seasoning blends-segments where authentic taste delivery and differentiation continue to shape product development strategies nationwide.
Japan's food manufacturing ecosystem is integrating more sophisticated…
Japan's Canned Legumes Demand Set for Steady Growth, Expected to Reach USD 248.2 …
Japan's canned legumes demand is valued at USD 180.7 million in 2025 and is projected to reach USD 248.2 million by 2035, expanding at a 3.2% CAGR. Growth is driven by rising adoption of plant-based proteins, broader use of ready-to-cook ingredients, and strong preference for shelf-stable foods among urban and small households.
Consumption continues to increase as households incorporate canned chickpeas, beans, peas, and mixed legumes into salads, curries, simmered dishes,…
Japan's Demand for Chlorophyll Color Set to Reach USD 22.2 Billion by 2035 as Cl …
Japan's chlorophyll color industry is entering a decade of accelerated transformation, supported by stringent clean-label regulations, rising consumer scrutiny, and rapid reformulation activity across food and beverage categories. The market is valued at USD 9.7 billion in 2025 and is forecast to reach USD 22.2 billion by 2035, expanding at a strong 8.6% CAGR, underscoring its transition from niche natural colorant to a mainstream formulation priority for manufacturers nationwide.
This surge…
More Releases for Heat
Heat Meters Market, Transforming Heat Measurement with Intelligent Metering Solu …
The global heat meters market has become a critical component of modern energy infrastructure as governments, utility companies, and consumers strive for greater accuracy in heat consumption, improved energy efficiency, and transparent billing systems. Heat meters-devices that measure the thermal energy used in residential, commercial, and industrial heating systems-play an essential role in district heating networks, HVAC systems, and renewable heat integration. With rising global emphasis on energy conservation and…
Global Ceramic Heat Sink Heat Sink Market Drivers Analysis 2025
According to our (Global Info Research) latest study, the global Ceramic Heat Sink Heat Sink market size was valued at US$ million in 2024 and is forecast to a readjusted size of USD million by 2031 with a CAGR of %during review period.
This report is a detailed and comprehensive analysis for global Ceramic Heat Sink Heat Sink market. Both quantitative and qualitative analyses are presented by manufacturers, by region &…
Plate Fin Heat Sinks vs. Heat Pipe Heat Sinks: Which is Right for Consumers?
In the modern industrial landscape, heat sinks [https://www.coolerchina.com/] play a crucial role in ensuring the stable operation and longevity of equipment by effectively dissipating heat generated by devices into the surrounding environment. Among the numerous types of heat sinks available, plate fin heat sinks and heat pipe heat sinks are two of the most common. This article will compare these two types, helping you choose the right one for your…
Efficient Heat Transfer Solutions: Global Heat Pipe Heat Exchanger Market to Rea …
As per the study initiated by Evolve Business Intelligence, the global Heat Pipe Heat Exchanger market size accounted for USD 18.2 Billion in 2022, growing at a CAGR of 6.5% from 2023 to 2033. The Heat Pipe Heat Exchanger (HPHE) Market refers to the global market for heat exchangers that use heat pipes as a primary heat transfer element. Heat pipe heat exchangers are used in a wide range of…
India Heat Exchangers Market Size Set For Explosive Growth | Radiant Heat Exchan …
The India heat exchangers market accounted for $454.4 million in 2018, and is anticipated to reach $890.0 million by 2026, registering a CAGR of 8.6% from 2019 to 2026. Heat exchanger is a system designed to efficiently transfer energy between two or more fluids. The production of heat exchangers is a highly labor-intensive process, attributable to the long welding hours. Thus, heat exchangers are preferably manufactured in India, owing to…
Global Heat Pipe Heat Exchanger Market Research Report 2017
Summary
This report studies Heat Pipe Heat Exchanger in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering
Mitsubishi Electric Corporation
Nortek Air Solutions
Munters Corporation
Greenheck
RenewAire
DRI Innovative Air Solutions
Reznor
Zehnder America
Ruskin Rooftop System
Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth…
