Global Gas Turbine Market Research Report 2025(Status and Outlook)
Description
Report Overview
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
The global Gas Turbine market size was estimated at USD 20120.0 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 0.10% during the forecast period.
This report provides a deep insight into the global Gas Turbine market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Gas Turbine Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Gas Turbine market in any manner.
Global Gas Turbine Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
General Electric
Siemens
Mitsubishi Hitachi Power Systems
Wood Group
Kawasaki Heavy Industries
Solar Turbines
Ansaldo Energia
MTU Aero Engines
Sulzer
MAN Diesel and Turbo
MJB International
Proenergy Services
MAN Energy
BHEL
Market Segmentation (by Type)
Heavy Duty Gas Turbine
Aeroderivative Gas Turbine
Light Duty Gas Turbine
Market Segmentation (by Application)
Power Generation
Oil & Gas
Other
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Gas Turbine Market
Overview of the regional outlook of the Gas Turbine Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Gas Turbine Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Gas Turbine, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
The global Gas Turbine market size was estimated at USD 20120.0 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 0.10% during the forecast period.
This report provides a deep insight into the global Gas Turbine market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Gas Turbine Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Gas Turbine market in any manner.
Global Gas Turbine Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
General Electric
Siemens
Mitsubishi Hitachi Power Systems
Wood Group
Kawasaki Heavy Industries
Solar Turbines
Ansaldo Energia
MTU Aero Engines
Sulzer
MAN Diesel and Turbo
MJB International
Proenergy Services
MAN Energy
BHEL
Market Segmentation (by Type)
Heavy Duty Gas Turbine
Aeroderivative Gas Turbine
Light Duty Gas Turbine
Market Segmentation (by Application)
Power Generation
Oil & Gas
Other
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Gas Turbine Market
Overview of the regional outlook of the Gas Turbine Market:
Chapter Outline
Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.
Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Gas Turbine Market and its likely evolution in the short to mid-term, and long term.
Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.
Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.
Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 9 shares the main producing countries of Gas Turbine, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.
Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.
Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.
Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.
Chapter 13 is the main points and conclusions of the report.
Key Reasons to Buy this Report:
Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
This enables you to anticipate market changes to remain ahead of your competitors
You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents
The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
Provision of market value data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
147 Pages
- 1 Research Methodology and Statistical Scope
- 1.1 Market Definition and Statistical Scope of Gas Turbine
- 1.2 Key Market Segments
- 1.2.1 Gas Turbine Segment by Type
- 1.2.2 Gas Turbine Segment by Application
- 1.3 Methodology & Sources of Information
- 1.3.1 Research Methodology
- 1.3.2 Research Process
- 1.3.3 Market Breakdown and Data Triangulation
- 1.3.4 Base Year
- 1.3.5 Report Assumptions & Caveats
- 2 Gas Turbine Market Overview
- 2.1 Global Market Overview
- 2.1.1 Global Gas Turbine Market Size (M USD) Estimates and Forecasts (2020-2033)
- 2.1.2 Global Gas Turbine Sales Estimates and Forecasts (2020-2033)
- 2.2 Market Segment Executive Summary
- 2.3 Global Market Size by Region
- 3 Gas Turbine Market Competitive Landscape
- 3.1 Company Assessment Quadrant
- 3.2 Global Gas Turbine Product Life Cycle
- 3.3 Global Gas Turbine Sales by Manufacturers (2020-2025)
- 3.4 Global Gas Turbine Revenue Market Share by Manufacturers (2020-2025)
- 3.5 Gas Turbine Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
- 3.6 Global Gas Turbine Average Price by Manufacturers (2020-2025)
- 3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
- 3.8 Gas Turbine Market Competitive Situation and Trends
- 3.8.1 Gas Turbine Market Concentration Rate
- 3.8.2 Global 5 and 10 Largest Gas Turbine Players Market Share by Revenue
- 3.8.3 Mergers & Acquisitions, Expansion
- 4 Gas Turbine Industry Chain Analysis
- 4.1 Gas Turbine Industry Chain Analysis
- 4.2 Market Overview of Key Raw Materials
- 4.3 Midstream Market Analysis
- 4.4 Downstream Customer Analysis
- 5 The Development and Dynamics of Gas Turbine Market
- 5.1 Key Development Trends
- 5.2 Driving Factors
- 5.3 Market Challenges
- 5.4 Industry News
- 5.4.1 New Product Developments
- 5.4.2 Mergers & Acquisitions
- 5.4.3 Expansions
- 5.4.4 Collaboration/Supply Contracts
- 5.5 PEST Analysis
- 5.5.1 Industry Policies Analysis
- 5.5.2 Economic Environment Analysis
- 5.5.3 Social Environment Analysis
- 5.5.4 Technological Environment Analysis
- 5.6 Global Gas Turbine Market Porter's Five Forces Analysis
- 5.6.1 Global Trade Frictions
- 5.6.2 U.S. Tariff Policy – April 2025
- 5.6.3 Global Trade Frictions and Their Impacts to Gas Turbine Market
- 5.7 ESG Ratings of Leading Companies
- 6 Gas Turbine Market Segmentation by Type
- 6.1 Evaluation Matrix of Segment Market Development Potential (Type)
- 6.2 Global Gas Turbine Sales Market Share by Type (2020-2025)
- 6.3 Global Gas Turbine Market Size Market Share by Type (2020-2025)
- 6.4 Global Gas Turbine Price by Type (2020-2025)
- 7 Gas Turbine Market Segmentation by Application
- 7.1 Evaluation Matrix of Segment Market Development Potential (Application)
- 7.2 Global Gas Turbine Market Sales by Application (2020-2025)
- 7.3 Global Gas Turbine Market Size (M USD) by Application (2020-2025)
- 7.4 Global Gas Turbine Sales Growth Rate by Application (2020-2025)
- 8 Gas Turbine Market Sales by Region
- 8.1 Global Gas Turbine Sales by Region
- 8.1.1 Global Gas Turbine Sales by Region
- 8.1.2 Global Gas Turbine Sales Market Share by Region
- 8.2 Global Gas Turbine Market Size by Region
- 8.2.1 Global Gas Turbine Market Size by Region
- 8.2.2 Global Gas Turbine Market Size Market Share by Region
- 8.3 North America
- 8.3.1 North America Gas Turbine Sales by Country
- 8.3.2 North America Gas Turbine Market Size by Country
- 8.3.3 U.S. Market Overview
- 8.3.4 Canada Market Overview
- 8.3.5 Mexico Market Overview
- 8.4 Europe
- 8.4.1 Europe Gas Turbine Sales by Country
- 8.4.2 Europe Gas Turbine Market Size by Country
- 8.4.3 Germany Market Overview
- 8.4.4 France Market Overview
- 8.4.5 U.K. Market Overview
- 8.4.6 Italy Market Overview
- 8.4.7 Spain Market Overview
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Gas Turbine Sales by Region
- 8.5.2 Asia Pacific Gas Turbine Market Size by Region
- 8.5.3 China Market Overview
- 8.5.4 Japan Market Overview
- 8.5.5 South Korea Market Overview
- 8.5.6 India Market Overview
- 8.5.7 Southeast Asia Market Overview
- 8.6 South America
- 8.6.1 South America Gas Turbine Sales by Country
- 8.6.2 South America Gas Turbine Market Size by Country
- 8.6.3 Brazil Market Overview
- 8.6.4 Argentina Market Overview
- 8.6.5 Columbia Market Overview
- 8.7 Middle East and Africa
- 8.7.1 Middle East and Africa Gas Turbine Sales by Region
- 8.7.2 Middle East and Africa Gas Turbine Market Size by Region
- 8.7.3 Saudi Arabia Market Overview
- 8.7.4 UAE Market Overview
- 8.7.5 Egypt Market Overview
- 8.7.6 Nigeria Market Overview
- 8.7.7 South Africa Market Overview
- 9 Gas Turbine Market Production by Region
- 9.1 Global Production of Gas Turbine by Region(2020-2025)
- 9.2 Global Gas Turbine Revenue Market Share by Region (2020-2025)
- 9.3 Global Gas Turbine Production, Revenue, Price and Gross Margin (2020-2025)
- 9.4 North America Gas Turbine Production
- 9.4.1 North America Gas Turbine Production Growth Rate (2020-2025)
- 9.4.2 North America Gas Turbine Production, Revenue, Price and Gross Margin (2020-2025)
- 9.5 Europe Gas Turbine Production
- 9.5.1 Europe Gas Turbine Production Growth Rate (2020-2025)
- 9.5.2 Europe Gas Turbine Production, Revenue, Price and Gross Margin (2020-2025)
- 9.6 Japan Gas Turbine Production (2020-2025)
- 9.6.1 Japan Gas Turbine Production Growth Rate (2020-2025)
- 9.6.2 Japan Gas Turbine Production, Revenue, Price and Gross Margin (2020-2025)
- 9.7 China Gas Turbine Production (2020-2025)
- 9.7.1 China Gas Turbine Production Growth Rate (2020-2025)
- 9.7.2 China Gas Turbine Production, Revenue, Price and Gross Margin (2020-2025)
- 10 Key Companies Profile
- 10.1 General Electric
- 10.1.1 General Electric Basic Information
- 10.1.2 General Electric Gas Turbine Product Overview
- 10.1.3 General Electric Gas Turbine Product Market Performance
- 10.1.4 General Electric Business Overview
- 10.1.5 General Electric SWOT Analysis
- 10.1.6 General Electric Recent Developments
- 10.2 Siemens
- 10.2.1 Siemens Basic Information
- 10.2.2 Siemens Gas Turbine Product Overview
- 10.2.3 Siemens Gas Turbine Product Market Performance
- 10.2.4 Siemens Business Overview
- 10.2.5 Siemens SWOT Analysis
- 10.2.6 Siemens Recent Developments
- 10.3 Mitsubishi Hitachi Power Systems
- 10.3.1 Mitsubishi Hitachi Power Systems Basic Information
- 10.3.2 Mitsubishi Hitachi Power Systems Gas Turbine Product Overview
- 10.3.3 Mitsubishi Hitachi Power Systems Gas Turbine Product Market Performance
- 10.3.4 Mitsubishi Hitachi Power Systems Business Overview
- 10.3.5 Mitsubishi Hitachi Power Systems SWOT Analysis
- 10.3.6 Mitsubishi Hitachi Power Systems Recent Developments
- 10.4 Wood Group
- 10.4.1 Wood Group Basic Information
- 10.4.2 Wood Group Gas Turbine Product Overview
- 10.4.3 Wood Group Gas Turbine Product Market Performance
- 10.4.4 Wood Group Business Overview
- 10.4.5 Wood Group Recent Developments
- 10.5 Kawasaki Heavy Industries
- 10.5.1 Kawasaki Heavy Industries Basic Information
- 10.5.2 Kawasaki Heavy Industries Gas Turbine Product Overview
- 10.5.3 Kawasaki Heavy Industries Gas Turbine Product Market Performance
- 10.5.4 Kawasaki Heavy Industries Business Overview
- 10.5.5 Kawasaki Heavy Industries Recent Developments
- 10.6 Solar Turbines
- 10.6.1 Solar Turbines Basic Information
- 10.6.2 Solar Turbines Gas Turbine Product Overview
- 10.6.3 Solar Turbines Gas Turbine Product Market Performance
- 10.6.4 Solar Turbines Business Overview
- 10.6.5 Solar Turbines Recent Developments
- 10.7 Ansaldo Energia
- 10.7.1 Ansaldo Energia Basic Information
- 10.7.2 Ansaldo Energia Gas Turbine Product Overview
- 10.7.3 Ansaldo Energia Gas Turbine Product Market Performance
- 10.7.4 Ansaldo Energia Business Overview
- 10.7.5 Ansaldo Energia Recent Developments
- 10.8 MTU Aero Engines
- 10.8.1 MTU Aero Engines Basic Information
- 10.8.2 MTU Aero Engines Gas Turbine Product Overview
- 10.8.3 MTU Aero Engines Gas Turbine Product Market Performance
- 10.8.4 MTU Aero Engines Business Overview
- 10.8.5 MTU Aero Engines Recent Developments
- 10.9 Sulzer
- 10.9.1 Sulzer Basic Information
- 10.9.2 Sulzer Gas Turbine Product Overview
- 10.9.3 Sulzer Gas Turbine Product Market Performance
- 10.9.4 Sulzer Business Overview
- 10.9.5 Sulzer Recent Developments
- 10.10 MAN Diesel and Turbo
- 10.10.1 MAN Diesel and Turbo Basic Information
- 10.10.2 MAN Diesel and Turbo Gas Turbine Product Overview
- 10.10.3 MAN Diesel and Turbo Gas Turbine Product Market Performance
- 10.10.4 MAN Diesel and Turbo Business Overview
- 10.10.5 MAN Diesel and Turbo Recent Developments
- 10.11 MJB International
- 10.11.1 MJB International Basic Information
- 10.11.2 MJB International Gas Turbine Product Overview
- 10.11.3 MJB International Gas Turbine Product Market Performance
- 10.11.4 MJB International Business Overview
- 10.11.5 MJB International Recent Developments
- 10.12 Proenergy Services
- 10.12.1 Proenergy Services Basic Information
- 10.12.2 Proenergy Services Gas Turbine Product Overview
- 10.12.3 Proenergy Services Gas Turbine Product Market Performance
- 10.12.4 Proenergy Services Business Overview
- 10.12.5 Proenergy Services Recent Developments
- 10.13 MAN Energy
- 10.13.1 MAN Energy Basic Information
- 10.13.2 MAN Energy Gas Turbine Product Overview
- 10.13.3 MAN Energy Gas Turbine Product Market Performance
- 10.13.4 MAN Energy Business Overview
- 10.13.5 MAN Energy Recent Developments
- 10.14 BHEL
- 10.14.1 BHEL Basic Information
- 10.14.2 BHEL Gas Turbine Product Overview
- 10.14.3 BHEL Gas Turbine Product Market Performance
- 10.14.4 BHEL Business Overview
- 10.14.5 BHEL Recent Developments
- 11 Gas Turbine Market Forecast by Region
- 11.1 Global Gas Turbine Market Size Forecast
- 11.2 Global Gas Turbine Market Forecast by Region
- 11.2.1 North America Market Size Forecast by Country
- 11.2.2 Europe Gas Turbine Market Size Forecast by Country
- 11.2.3 Asia Pacific Gas Turbine Market Size Forecast by Region
- 11.2.4 South America Gas Turbine Market Size Forecast by Country
- 11.2.5 Middle East and Africa Forecasted Sales of Gas Turbine by Country
- 12 Forecast Market by Type and by Application (2026-2033)
- 12.1 Global Gas Turbine Market Forecast by Type (2026-2033)
- 12.1.1 Global Forecasted Sales of Gas Turbine by Type (2026-2033)
- 12.1.2 Global Gas Turbine Market Size Forecast by Type (2026-2033)
- 12.1.3 Global Forecasted Price of Gas Turbine by Type (2026-2033)
- 12.2 Global Gas Turbine Market Forecast by Application (2026-2033)
- 12.2.1 Global Gas Turbine Sales (K Units) Forecast by Application
- 12.2.2 Global Gas Turbine Market Size (M USD) Forecast by Application (2026-2033)
- 13 Conclusion and Key Findings
Pricing
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