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Gas Turbines Global Market research

Gas Turbines Global Market research

Gas Turbines Market Size study, By Capacity (?200 MW, >200 MW), By Technology (Open Cycle, Combined Cycle), By End-use (Industrial, Power & Utility), and Regional Forecasts 2025-2035

Global Gas Turbines Market research report provides in-depth industry analysis, market size, trends, growth drivers, competitive landscape, and forecast insights for 2025?2035.

Pages: 210

Format: PDF

Date: 12-2025

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Description Table of Content Key Players & Segment Request for Free Sample

Global Gas Turbines Market Outlook (2025–2035)

Market Overview

The global gas turbines market was valued at approximately USD XXX billion in 2024 and is projected to expand at a CAGR of over XXX% during 2025–2035. Gas turbines generate mechanical energy by heating a fuel–air mixture at high temperatures, driving turbine blades that often power electricity generators.

Growth is underpinned by favorable government policies supporting greenhouse gas (GHG) reduction, the transition from coal to natural gas, shale gas discoveries, and declining gas prices. Technological advancements have produced highly efficient turbine designs, broadening applications across power generation, aerospace, industrial, and marine sectors.

Market Drivers

  • Government policies promoting GHG reduction and renewable fuel adoption
  • Rising demand for natural gas power plants over coal-fired plants
  • Shale gas discoveries and declining gas prices
  • Technological advancements enhancing turbine efficiency and flexibility
  • Expanding investments in the aerospace sector

Market Challenges

  • High capital investment and maintenance costs
  • Competition from renewable energy sources (solar, wind)
  • Regulatory hurdles and environmental concerns
  • Supply chain risks in fuel availability and pricing

Trend Analysis

  • Growing adoption of combined cycle gas turbines for higher efficiency
  • Strategic partnerships (e.g., Siemens–SPIC in China) to strengthen independent manufacturing
  • Rising demand in aerospace applications (jet engines, turbojets, turbochargers)
  • Expanding use in industrial and marine sectors for mechanical drives
  • Asia-Pacific emerging as the fastest-growing region, led by China’s heavy-duty turbine investments

Segmentation Analysis

By Capacity

  • ≤200 MW

 

  • 200 MW

 

By Technology

  • Combined Cycle
  • Open Cycle

By End-User Industry

  • Power & Utility
  • Industrial

By Region

  • North America: U.S., Canada
  • Europe: UK, Germany, France, Spain, Italy, Rest of Europe
  • Asia-Pacific: China, India, Japan, Australia, South Korea, Rest of APAC
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Rest of the World

Regional Insights

  • Asia-Pacific: Fastest-growing region, with China driving demand through independent manufacturing and infrastructure investments.
  • North America: Strong demand supported by shale gas reserves and favorable energy policies.
  • Europe: Moderate growth driven by renewable integration and efficiency upgrades.
  • Latin America & Rest of World: Emerging opportunities in industrial and utility applications.

 

Competitive Landscape

Leading players are focusing on innovation, partnerships, and regional expansion to strengthen market presence:

  • General Electric
  • Siemens AG
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Bharat Heavy Electricals Limited (BHEL)
  • Ansaldo Energia S.P.A.
  • Solar Turbines Incorporated
  • Opra Turbines B.V.
  • MAN Energy Solutions
  • Centrax Gas Turbines

Porter’s Five Forces Analysis

  • Threat of New Entrants: Moderate – high capital and technology barriers limit entry.
  • Bargaining Power of Suppliers: Moderate – reliance on specialized components and fuel sources.
  • Bargaining Power of Buyers: High – utilities and industrial buyers demand efficiency and cost-effectiveness.
  • Threat of Substitutes: Moderate – renewable energy alternatives pose competition.
  • Industry Rivalry: High – intense competition among established global players.

SWOT Analysis

Strengths

  • High efficiency and multi-fuel capability
  • Wide application across power, aerospace, and industrial sectors
  • Compact design and operational flexibility

Weaknesses

  • High capital and maintenance costs
  • Dependence on fossil fuel availability

Opportunities

  • Expansion in Asia-Pacific through independent manufacturing initiatives
  • Growth in aerospace and defense applications
  • Integration with renewable energy systems for hybrid solutions

Threats

  • Rising competition from renewable energy technologies
  • Regulatory pressures on fossil fuel usage
  • Volatility in natural gas prices

Value Chain Analysis

Upstream

  • Fuel suppliers (natural gas, shale gas)
  • Component manufacturers (blades, compressors, combustors)

Midstream

  • Gas turbine OEMs (GE, Siemens, Mitsubishi, Kawasaki, BHEL, Ansaldo)
  • Technology providers and engineering firms

Downstream

  • End-users: utilities, industrial facilities, aerospace, marine applications
  • Distribution networks and service providers

Support Activities

  • R&D in turbine efficiency and emissions reduction
  • Strategic partnerships and government collaborations
  • Aftermarket services and maintenance

Target Audience

  • Consulting firms and advisors
  • Enterprises (large, medium, small)
  • Venture capitalists and investors
  • Value-added resellers
  • Knowledge providers
  • Investment bankers

Chapter 1.    Executive Summary
1.1.    Market Snapshot
1.2.    Global & Segmental Market Estimates & Forecasts,  (USD Billion)
1.2.1.    Gas Turbines Market, by Region,  (USD Billion)
1.2.2.    Gas Turbines Market, by Technology,  (USD Billion)
1.2.3.    Gas Turbines Market, by Capacity,  (USD Billion)
1.2.4.    Gas Turbines Market, by End-Use Industry,  (USD Billion)
1.3.    Key Trends
1.4.    Estimation Methodology
1.5.    Research Assumption
Chapter 2.    Global Gas Turbines Market Definition & Scope
2.1.    Objective of the Study
2.2.    Market Definition & Scope
2.2.1.    Scope of the Study
2.2.2.    Industry Evolution
2.3.    Years Considered for the Study
2.4.    Currency Conversion Rates
Chapter 3.    Global Gas Turbines Market Dynamics    
3.1.     Gas Turbines Market Impact Analysis
3.1.1.    Market Drivers
3.1.2.    Market Challenges
3.1.3.    Market Opportunities
Chapter 4.    Global Gas Turbines Market: Industry Analysis
4.1.    Porter?s 5 Force Model
4.1.1.    Bargaining Power of Suppliers
4.1.2.    Bargaining Power of Buyers
4.1.3.    Threat of New Entrants
4.1.4.    Threat of Substitutes
4.1.5.    Competitive Rivalry
4.1.6.    Futuristic Approach to Porter?s 5 Force Model ()
4.2.    PEST Analysis
4.2.1.    Political
4.2.2.    Economical
4.2.3.    Social
4.2.4.    Technological
4.3.    Investment Adoption Model
4.4.    Analyst Recommendation & Conclusion
Chapter 5.    Global Gas Turbines Market, by Technology
5.1.    Market Snapshot
5.2.    Global Gas Turbines Market by Technology, Performance - Potential Analysis
5.3.    Global Gas Turbines Market Estimates & Forecasts by Technology,  (USD Billion)
5.4.     Gas Turbines Market, Sub Segment Analysis
5.4.1.    Combined Cycle
5.4.2.    Open Cycle
Chapter 6.    Global Gas Turbines Market, by Capacity
6.1.    Market Snapshot
6.2.    Global Gas Turbines Market by Capacity, Performance - Potential Analysis
6.3.    Global Gas Turbines Market Estimates & Forecasts by Capacity,  (USD Billion)
6.4.     Gas Turbines Market, Sub Segment Analysis
6.4.1.    ?200 MW
6.4.2.    >200 MW
Chapter 7.    Global Gas Turbines Market, by End-Use Industry
7.1.    Market Snapshot
7.2.    Global Gas Turbines Market by End-Use Industry, Performance - Potential Analysis
7.3.    Global Gas Turbines Market Estimates & Forecasts by End-Use Industry,  (USD Billion)
7.3.1.    Power & Utility
7.3.2.    Industrial
Chapter 8.    Global Gas Turbines Market, Regional Analysis
8.1.     Gas Turbines Market, Regional Market Snapshot
8.2.    North America Gas Turbines Market
8.2.1.    U.S.  Gas Turbines Market
8.2.1.1.    Technology Technology breakdown estimates & forecasts,
8.2.1.2.    Capacity breakdown estimates & forecasts,
8.2.1.3.    End-Use Industry breakdown estimates & forecasts,
8.2.2.    Canada Gas Turbines Market
8.3.    Europe Gas Turbines Market Snapshot
8.3.1.    U.K.  Gas Turbines Market
8.3.2.    Germany Gas Turbines Market
8.3.3.    France Gas Turbines Market
8.3.4.    Spain Gas Turbines Market
8.3.5.    Italy Gas Turbines Market
8.3.6.    Rest of Europe Gas Turbines Market
8.4.    Asia-Pacific Gas Turbines Market Snapshot
8.4.1.    China Gas Turbines Market
8.4.2.    India Gas Turbines Market
8.4.3.    Japan Gas Turbines Market
8.4.4.    Australia Gas Turbines Market
8.4.5.    South Korea Gas Turbines Market
8.4.6.    Rest of Asia Pacific Gas Turbines Market
8.5.    Latin America Gas Turbines Market Snapshot
8.5.1.    Brazil Gas Turbines Market
8.5.2.    Mexico Gas Turbines Market
8.6.    Rest of The World Gas Turbines Market

Chapter 9.    Competitive Intelligence
9.1.    Top Market Strategies
9.2.    Company Profiles
9.2.1.    General Electric
9.2.1.1.    Key Information
9.2.1.2.    Overview
9.2.1.3.    Financial (Subject to Data Availability)
9.2.1.4.    Industry Summary
9.2.1.5.    Recent Developments
9.2.2.    Siemens AG
9.2.3.    Mitsubishi Hitachi Power Systems, Ltd.
9.2.4.    Kawasaki Heavy Industries, Ltd.
9.2.5.    Bharat Heavy Electricals Limited
9.2.6.    Ansaldo Energia S.P.A.
9.2.7.    Solar Turbines Incorporated
9.2.8.    Opra Turbines B.V.
9.2.9.    Man Energy Solutions
9.2.10.    Centrax Gas Turbines
Chapter 10.    Research Process
10.1.    Research Process
10.1.1.    Data Mining
10.1.2.    Analysis
10.1.3.    Market Estimation
10.1.4.    Validation
10.1.5.    Publishing
10.2.    Research Attributes
10.3.    Research Assumption

Segmentation Analysis

By Capacity

  • ≤200 MW
  • 200 MW

By Technology

  • Combined Cycle
  • Open Cycle

By End-User Industry

  • Power and Utility
  • Industrial

By Region

  • North America: U.S., Canada
  • Europe: UK, Germany, France, Spain, Italy, Rest of Europe
  • Asia-Pacific: China, India, Japan, Australia, South Korea, Rest of APAC
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Rest of the World

Regional Insights

  • Asia-Pacific: Fastest-growing region, with China leading demand growth through independent manufacturing and infrastructure investments.
  • North America: Strong demand supported by shale gas reserves and favorable energy policies.
  • Europe: Moderate growth driven by renewable integration and efficiency upgrades.
  • Latin America and Rest of the World: Emerging opportunities in industrial and utility applications.

Competitive Landscape

Key players are focusing on product innovation, partnerships, and regional expansion to strengthen market presence:

  • General Electric
  • Siemens AG
  • Mitsubishi Hitachi Power Systems, Ltd.
  • Kawasaki Heavy Industries, Ltd.
  • Bharat Heavy Electricals Limited
  • Ansaldo Energia S.P.A.
  • Solar Turbines Incorporated
  • Opra Turbines B.V.
  • Man Energy Solutions
  • Centrax Gas Turbines

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