Heat Recovery Steam Generator Market Size, Industry Share and Growth Rate -2026
In countries such as India and China, heat recovery steam generator systems are installed for generating electricity for infrastructural and industrial development. Governments are also taking initiatives to cater to the need of the rapidly multiplying population and their increasing demand for basic necessities, in which electricity plays a major role. Such initiatives are likely to bode well for the global heat recovery steam generator market. According to Fortune Business Insights, the market for heat recovery steam generating systems is anticipated to rise exponentially on account of the growing demand for energy and power for daily consumption in all residential, industrial and commercial sectors. According to a report by Fortune Business Insights, the Heat Recovery Steam Generator Market is segmented into above 100MW, 51MW-100MW, 31MW-50MW, and 0-30MW, based on power rating. Among these, the 30MW capacity segment is currently holding a significant market share owing to their c