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Global Gas Turbines Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Aug 02, 2025
Length 139 Pages
SKU # BOSS20300854

Description

Report Overview

The gas turbine market encompasses the production, distribution, and utilization of gas turbines, which are combustion engines that convert natural gas or other liquid fuels into mechanical energy, primarily used for power generation, aviation, and industrial applications. These turbines are key components in combined-cycle power plants, offering high efficiency and flexibility in energy production, particularly in regions transitioning toward cleaner energy sources. The market is driven by increasing global electricity demand, the shift from coal to gas-based power generation due to environmental regulations, and the need for reliable backup power solutions to support renewable energy integration. Technological advancements, such as improved turbine efficiency and hydrogen-compatible designs, are further shaping the industry. However, high capital costs, maintenance expenses, and competition from renewable energy sources pose challenges. Geographically, North America and Asia-Pacific dominate due to rapid industrialization and energy sector investments, while Europe focuses on decarbonization and retrofitting existing infrastructure. Key players include General Electric, Siemens Energy, Mitsubishi Power, and Ansaldo Energia, which compete through innovation, service contracts, and strategic partnerships. The market is expected to grow steadily, supported by demand for flexible power generation and the integration of hybrid energy systems.

The global Gas Turbines market size was estimated at USD 17005.93 million in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 2.73% during the forecast period.

This report provides a deep insight into the global Gas Turbines 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 Turbines 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 Turbines market in any manner.

Global Gas Turbines 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

Ansaldo Energia

Bharat Heavy Electricals Limited

General Electric

Harbin Electric International Company Limited

Kawasaki Heavy Industries Ltd

Man Diesel and Turbo

Mitsubishi Hitachi Power Systems Ltd

Opra Turbines

Siemens

Vericor Power Systems

Market Segmentation (by Type)

Below 70 MW

70-300 MW

Above 300 MW

Market Segmentation (by Application)

Power Generation

Mechanical Drive

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 Turbines Market

Overview of the regional outlook of the Gas Turbines 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 Turbines 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 Turbines, 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

139 Pages
1 Research Methodology And Statistical Scope
1.1 Market Definition And Statistical Scope Of Gas Turbines
1.2 Key Market Segments
1.2.1 Gas Turbines Segment By Type
1.2.2 Gas Turbines 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 Turbines Market Overview
2.1 Global Market Overview
2.1.1 Global Gas Turbines Market Size (M Usd) Estimates And Forecasts (2020-2033)
2.1.2 Global Gas Turbines Sales Estimates And Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size By Region
3 Gas Turbines Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Gas Turbines Product Life Cycle
3.3 Global Gas Turbines Sales By Manufacturers (2020-2025)
3.4 Global Gas Turbines Revenue Market Share By Manufacturers (2020-2025)
3.5 Gas Turbines Market Share By Company Type (Tier 1, Tier 2, And Tier 3)
3.6 Global Gas Turbines Average Price By Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, And Product Types
3.8 Gas Turbines Market Competitive Situation And Trends
3.8.1 Gas Turbines Market Concentration Rate
3.8.2 Global 5 And 10 Largest Gas Turbines Players Market Share By Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Gas Turbines Industry Chain Analysis
4.1 Gas Turbines 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 Turbines 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 Turbines 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 Turbines Market
5.7 Esg Ratings Of Leading Companies
6 Gas Turbines Market Segmentation By Type
6.1 Evaluation Matrix Of Segment Market Development Potential (Type)
6.2 Global Gas Turbines Sales Market Share By Type (2020-2025)
6.3 Global Gas Turbines Market Size Market Share By Type (2020-2025)
6.4 Global Gas Turbines Price By Type (2020-2025)
7 Gas Turbines Market Segmentation By Application
7.1 Evaluation Matrix Of Segment Market Development Potential (Application)
7.2 Global Gas Turbines Market Sales By Application (2020-2025)
7.3 Global Gas Turbines Market Size (M Usd) By Application (2020-2025)
7.4 Global Gas Turbines Sales Growth Rate By Application (2020-2025)
8 Gas Turbines Market Sales By Region
8.1 Global Gas Turbines Sales By Region
8.1.1 Global Gas Turbines Sales By Region
8.1.2 Global Gas Turbines Sales Market Share By Region
8.2 Global Gas Turbines Market Size By Region
8.2.1 Global Gas Turbines Market Size By Region
8.2.2 Global Gas Turbines Market Size Market Share By Region
8.3 North America
8.3.1 North America Gas Turbines Sales By Country
8.3.2 North America Gas Turbines 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 Turbines Sales By Country
8.4.2 Europe Gas Turbines 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 Turbines Sales By Region
8.5.2 Asia Pacific Gas Turbines 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 Turbines Sales By Country
8.6.2 South America Gas Turbines 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 Turbines Sales By Region
8.7.2 Middle East And Africa Gas Turbines 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 Turbines Market Production By Region
9.1 Global Production Of Gas Turbines By Region(2020-2025)
9.2 Global Gas Turbines Revenue Market Share By Region (2020-2025)
9.3 Global Gas Turbines Production, Revenue, Price And Gross Margin (2020-2025)
9.4 North America Gas Turbines Production
9.4.1 North America Gas Turbines Production Growth Rate (2020-2025)
9.4.2 North America Gas Turbines Production, Revenue, Price And Gross Margin (2020-2025)
9.5 Europe Gas Turbines Production
9.5.1 Europe Gas Turbines Production Growth Rate (2020-2025)
9.5.2 Europe Gas Turbines Production, Revenue, Price And Gross Margin (2020-2025)
9.6 Japan Gas Turbines Production (2020-2025)
9.6.1 Japan Gas Turbines Production Growth Rate (2020-2025)
9.6.2 Japan Gas Turbines Production, Revenue, Price And Gross Margin (2020-2025)
9.7 China Gas Turbines Production (2020-2025)
9.7.1 China Gas Turbines Production Growth Rate (2020-2025)
9.7.2 China Gas Turbines Production, Revenue, Price And Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Ansaldo Energia
10.1.1 Ansaldo Energia Basic Information
10.1.2 Ansaldo Energia Gas Turbines Product Overview
10.1.3 Ansaldo Energia Gas Turbines Product Market Performance
10.1.4 Ansaldo Energia Business Overview
10.1.5 Ansaldo Energia Swot Analysis
10.1.6 Ansaldo Energia Recent Developments
10.2 Bharat Heavy Electricals Limited
10.2.1 Bharat Heavy Electricals Limited Basic Information
10.2.2 Bharat Heavy Electricals Limited Gas Turbines Product Overview
10.2.3 Bharat Heavy Electricals Limited Gas Turbines Product Market Performance
10.2.4 Bharat Heavy Electricals Limited Business Overview
10.2.5 Bharat Heavy Electricals Limited Swot Analysis
10.2.6 Bharat Heavy Electricals Limited Recent Developments
10.3 General Electric
10.3.1 General Electric Basic Information
10.3.2 General Electric Gas Turbines Product Overview
10.3.3 General Electric Gas Turbines Product Market Performance
10.3.4 General Electric Business Overview
10.3.5 General Electric Swot Analysis
10.3.6 General Electric Recent Developments
10.4 Harbin Electric International Company Limited
10.4.1 Harbin Electric International Company Limited Basic Information
10.4.2 Harbin Electric International Company Limited Gas Turbines Product Overview
10.4.3 Harbin Electric International Company Limited Gas Turbines Product Market Performance
10.4.4 Harbin Electric International Company Limited Business Overview
10.4.5 Harbin Electric International Company Limited Recent Developments
10.5 Kawasaki Heavy Industries Ltd
10.5.1 Kawasaki Heavy Industries Ltd Basic Information
10.5.2 Kawasaki Heavy Industries Ltd Gas Turbines Product Overview
10.5.3 Kawasaki Heavy Industries Ltd Gas Turbines Product Market Performance
10.5.4 Kawasaki Heavy Industries Ltd Business Overview
10.5.5 Kawasaki Heavy Industries Ltd Recent Developments
10.6 Man Diesel And Turbo
10.6.1 Man Diesel And Turbo Basic Information
10.6.2 Man Diesel And Turbo Gas Turbines Product Overview
10.6.3 Man Diesel And Turbo Gas Turbines Product Market Performance
10.6.4 Man Diesel And Turbo Business Overview
10.6.5 Man Diesel And Turbo Recent Developments
10.7 Mitsubishi Hitachi Power Systems Ltd
10.7.1 Mitsubishi Hitachi Power Systems Ltd Basic Information
10.7.2 Mitsubishi Hitachi Power Systems Ltd Gas Turbines Product Overview
10.7.3 Mitsubishi Hitachi Power Systems Ltd Gas Turbines Product Market Performance
10.7.4 Mitsubishi Hitachi Power Systems Ltd Business Overview
10.7.5 Mitsubishi Hitachi Power Systems Ltd Recent Developments
10.8 Opra Turbines
10.8.1 Opra Turbines Basic Information
10.8.2 Opra Turbines Gas Turbines Product Overview
10.8.3 Opra Turbines Gas Turbines Product Market Performance
10.8.4 Opra Turbines Business Overview
10.8.5 Opra Turbines Recent Developments
10.9 Siemens
10.9.1 Siemens Basic Information
10.9.2 Siemens Gas Turbines Product Overview
10.9.3 Siemens Gas Turbines Product Market Performance
10.9.4 Siemens Business Overview
10.9.5 Siemens Recent Developments
10.10 Vericor Power Systems
10.10.1 Vericor Power Systems Basic Information
10.10.2 Vericor Power Systems Gas Turbines Product Overview
10.10.3 Vericor Power Systems Gas Turbines Product Market Performance
10.10.4 Vericor Power Systems Business Overview
10.10.5 Vericor Power Systems Recent Developments
11 Gas Turbines Market Forecast By Region
11.1 Global Gas Turbines Market Size Forecast
11.2 Global Gas Turbines Market Forecast By Region
11.2.1 North America Market Size Forecast By Country
11.2.2 Europe Gas Turbines Market Size Forecast By Country
11.2.3 Asia Pacific Gas Turbines Market Size Forecast By Region
11.2.4 South America Gas Turbines Market Size Forecast By Country
11.2.5 Middle East And Africa Forecasted Sales Of Gas Turbines By Country
12 Forecast Market By Type And By Application (2026-2033)
12.1 Global Gas Turbines Market Forecast By Type (2026-2033)
12.1.1 Global Forecasted Sales Of Gas Turbines By Type (2026-2033)
12.1.2 Global Gas Turbines Market Size Forecast By Type (2026-2033)
12.1.3 Global Forecasted Price Of Gas Turbines By Type (2026-2033)
12.2 Global Gas Turbines Market Forecast By Application (2026-2033)
12.2.1 Global Gas Turbines Sales (K Units) Forecast By Application
12.2.2 Global Gas Turbines Market Size (M Usd) Forecast By Application (2026-2033)
13 Conclusion And Key Findings
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