Middle East & Africa Heat Recovery Steam Generator Market Size & Outlook
The heat recovery steam generator market in Middle East & Africa is expected to reach a projected revenue of US$ 194.6 million by 2030. A compound annual growth rate of 3.4% is expected of Middle East & Africa heat recovery steam generator market from 2024 to 2030.
Revenue, 2023 (US$M)
$153.7
Forecast, 2030 (US$M)
$194.6
CAGR, 2024 - 2030
3.4%
Report Coverage
Middle East & Africa
MEA heat recovery steam generator market highlights
- The MEA heat recovery steam generator market generated a revenue of USD 153.7 million in 2023.
- The market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, horizontal drum was the largest revenue generating design in 2023.
- Horizontal Drum is the most lucrative design segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 153.7 million |
| Market revenue in 2030 | USD 194.6 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Horizontal drum |
| Fastest growing segment | Horizontal Drum |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Horizontal Drum |
| Key market players worldwide | Mitsubishi Heavy Industries Ltd, Thermax, GE Vernova Inc, Bharat Heavy Electricals, Larsen & Toubro Ltd DR, Isgec Heavy Engineering, Kawasaki Heavy Industries Ltd, Siemens, John Cockerill, Babcock & Wilcox Enterprises Inc, Alstom SA, Kelvion, Rentech Boiler Systems |
Other key industry trends
- In terms of revenue, MEA region accounted for 11.4% of the global heat recovery steam generator market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 701.1 million by 2030.
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Heat Recovery Steam Generator Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rentech Boiler Systems | View profile | 11-50 | Abilene, Texas, United States, North America | https://rentechboilers.com |
| John Cockerill | View profile | 1001-5000 | Vouziers, Champagne-Ardenne, France, Europe | https://johncockerill.com/ |
| Isgec Heavy Engineering | View profile | 1001-5000 | Noida, Uttar Pradesh, India, Asia | http://www.isgec.com |
| Siemens | View profile | 10001+ | Munich, Bayern, Germany, Europe | https://www.siemens.com |
| Thermax | View profile | 1001-5000 | Pune, Maharashtra, India, Asia | http://www.thermaxglobal.com |
| Bharat Heavy Electricals | View profile | 10001+ | New Delhi, Delhi, India, Asia | http://www.bhel.com |
| Alstom SA | View profile | 84748 | 48, Rue Albert Dhalenne, Saint-Ouen-sur-Seine, Paris, France, 93400 | https://www.alstom.com |
| Larsen & Toubro Ltd DR | View profile | 330955 | Norottarn Morarjee Marg , L&T House, Ballard Estate, P. O. Box: 278, Mumbai, MH, India, 400 001 | https://www.larsentoubro.com |
| Kelvion | View profile | 11-50 | Bochum, Nordrhein-Westfalen, Germany, Europe | https://www.kelvion.com/ |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Mitsubishi Heavy Industries Ltd | View profile | 86331 | 2-3 Marunouchi 3-chome, Chiyoda-ku, Tokyo, Japan, 100-8332 | https://www.mhi.com |
| GE Vernova Inc | View profile | - | 58 Charles Street, Cambridge, MA, United States, | https://www.gevernova.com |
| Babcock & Wilcox Enterprises Inc | View profile | 2250 | 1200 East Market Street, Suite 650, Akron, OH, United States, 44305 | https://www.babcock.com |
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