Gas Turbine Market Size, Share & Trends Analysis Report By Capacity (<=200 MW, >200 MW), By End Use (Industrial, Power & Utility), By Technology (Combined Cycle, Open Cycle), By Region, And Segment Forecasts, 2026 - 2033
Description
Gas Turbine Market Summary
The global gas turbine market size was estimated at USD 11.46 billion in 2025 and is projected to reach USD 14.19 billion by 2033, growing at a CAGR of 2.1% from 2026 to 2033. A gas turbine operates by heating a mixture of fuel and ambient air to high temperatures, producing mechanical power through rotating turbine blades that subsequently drive a generator to produce electricity.
Continued technological progress in the energy sector and increasing adoption of distributed power systems are major factors fostering market expansion. Rising government support for cleaner generation technologies aimed at reducing CO₂ emissions is also strengthening demand across the industrial gas turbine industry.
Gas turbines remain extensively used for power generation, where combined cycle configurations are preferred over simple cycle systems due to their higher efficiency and lower operating costs. Combined Heat and Power (CHP) plants exemplify this capability, producing electricity while simultaneously delivering mechanical drive. The ongoing transition from coal-based to gas-based power generation in countries such as the U.S., Japan, India, and China, along with policy incentives promoting gas-fired capacity additions, continues to drive market growth globally.
Global Gas Turbine Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global gas turbine market report based on the capacity, end use, technology and region.
The global gas turbine market size was estimated at USD 11.46 billion in 2025 and is projected to reach USD 14.19 billion by 2033, growing at a CAGR of 2.1% from 2026 to 2033. A gas turbine operates by heating a mixture of fuel and ambient air to high temperatures, producing mechanical power through rotating turbine blades that subsequently drive a generator to produce electricity.
Continued technological progress in the energy sector and increasing adoption of distributed power systems are major factors fostering market expansion. Rising government support for cleaner generation technologies aimed at reducing CO₂ emissions is also strengthening demand across the industrial gas turbine industry.
Gas turbines remain extensively used for power generation, where combined cycle configurations are preferred over simple cycle systems due to their higher efficiency and lower operating costs. Combined Heat and Power (CHP) plants exemplify this capability, producing electricity while simultaneously delivering mechanical drive. The ongoing transition from coal-based to gas-based power generation in countries such as the U.S., Japan, India, and China, along with policy incentives promoting gas-fired capacity additions, continues to drive market growth globally.
Global Gas Turbine Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global gas turbine market report based on the capacity, end use, technology and region.
- Capacity Outlook (Capacity, MW; Revenue, USD Million, 2021 - 2033)
- <=200 MW
- >200 MW
- End Use Outlook (Capacity, MW; Revenue, USD Million, 2021 - 2033)
- Industrial
- Power & Utility
- Technology Outlook (Capacity, MW; Revenue, USD Million, 2021 - 2033)
- Combined Cycle
- Open Cycle
- Regional Outlook (Capacity, MW; Revenue, USD Million, 2021 - 2033)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Latin America
- Brazil
- Middle East & Africa
- Saudi Arabia
- UAE
Table of Contents
120 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
- Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.4.1. Standards & Compliance
- 3.4.2. Regulatory Impact Analysis
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunities
- 3.5.4. Market Challenges
- 3.6. Porter’s Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
- Chapter 4. Gas Turbine Market: Capacity Estimates & Trend Analysis
- 4.1. Gas Turbine Market: Capacity Movement Analysis, 2025 & 2033
- 4.2. <=200 Mw
- 4.2.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million)
- 4.3. >200 Mw
- 4.3.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million)
- Chapter 5. Gas Turbine Market: End Use Estimates & Trend Analysis
- 5.1. Gas Turbine Market: End Use Movement Analysis, 2025 & 2033
- 5.2. Industrial
- 5.2.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 5.3. Power & Utility
- 5.3.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- Chapter 6. Gas Turbine Market: Technology Estimates & Trend Analysis
- 6.1. Gas Turbine Market: End Use Movement Analysis, 2025 & 2033
- 6.2. Combined Cycle
- 6.2.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 6.3. Open Cycle
- 6.3.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- Chapter 7. Gas Turbine Market: Regional Estimates & Trend Analysis
- 7.1. Regional Analysis, 2025 & 2033
- 7.2. North America
- 7.2.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.2.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.2.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.2.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.2.5. U.S.
- 7.2.5.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.2.5.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.2.5.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.2.5.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.2.6. Canada
- 7.2.6.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.2.6.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.2.6.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.2.6.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.2.7. Mexico
- 7.2.7.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.2.7.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.2.7.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.2.7.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.3. Europe
- 7.3.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.3.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.3.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.3.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.3.5. Germany
- 7.3.5.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.3.5.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.3.5.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.3.5.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.3.6. Uk
- 7.3.6.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.3.6.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.3.6.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.3.6.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.3.7. France
- 7.3.7.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.3.7.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.3.7.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.3.7.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.4. Asia Pacific
- 7.4.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.4.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.4.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.4.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.4.5. China
- 7.4.5.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.4.5.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.4.5.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.4.5.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.4.6. India
- 7.4.6.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.4.6.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.4.6.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.4.6.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.4.7. Japan
- 7.4.7.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.4.7.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.4.7.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.4.7.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.4.8. South Korea
- 7.4.8.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.4.8.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.4.8.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.4.8.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.5. Latin America
- 7.5.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.5.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.5.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.5.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.5.5. Brazil
- 7.5.5.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.5.5.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.5.5.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.5.5.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.6. Middle East & Africa
- 7.6.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.6.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.6.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.6.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.6.5. Saudi Arabia
- 7.6.5.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.6.5.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.6.5.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.6.5.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- 7.6.6. Uae
- 7.6.6.1. Market Estimates And Forecasts, 2021 - 2033 (USD Million, Mw)
- 7.6.6.2. Market Estimates And Forecasts, By Capacity, 2021 - 2033 (USD Million, Mw)
- 7.6.6.3. Market Estimates And Forecasts, By End Use, 2021 - 2033 (USD Million, Mw)
- 7.6.6.4. Market Estimates And Forecasts, By Technology, 2021 - 2033 (USD Million, Mw)
- Chapter 8. Competitive Landscape
- 8.1. Recent Developments, By Key Market Participants
- 8.2. Company Categorization
- 8.3. List of Key Component Suppliers & Channel Partners
- 8.4. Company Market Share & Positioning Analysis, 2025
- 8.5. Heat Map Analysis
- 8.6. Vendor Landscape
- 8.6.1. List of Raw Material Suppliers
- 8.6.2. List of Distributors/Traders
- 8.6.3. List of Other Prominent Manufacturers
- 8.7. List of Prospective End Users
- 8.8. Strategy Mapping
- 8.9. Company Profiles/Listing
- 8.9.1. Ansaldo Energia
- 8.9.1.1. Company Overview
- 8.9.1.2. Financial Performance
- 8.9.1.3. Product Benchmarking
- 8.9.2. Bharat Heavy Electricals Ltd. (Bhel)
- 8.9.2.1. Company Overview
- 8.9.2.2. Financial Performance
- 8.9.2.3. Product Benchmarking
- 8.9.3. Centrax Gas Turbines
- 8.9.3.1. Company Overview
- 8.9.3.2. Financial Performance
- 8.9.3.3. Product Benchmarking
- 8.9.4. General Electric (Ge)
- 8.9.4.1. Company Overview
- 8.9.4.2. Financial Performance
- 8.9.4.3. Product Benchmarking
- 8.9.5. Kawasaki Heavy Industries, Ltd.
- 8.9.5.1. Company Overview
- 8.9.5.2. Financial Performance
- 8.9.5.3. Product Benchmarking
- 8.9.6. MAN Energy Solutions
- 8.9.6.1. Company Overview
- 8.9.6.2. Financial Performance
- 8.9.6.3. Product Benchmarking
- 8.9.7. Mitsubishi Power, Ltd.
- 8.9.7.1. Company Overview
- 8.9.7.2. Financial Performance
- 8.9.7.3. Product Benchmarking
- 8.9.8. Opra Turbines
- 8.9.8.1. Company Overview
- 8.9.8.2. Financial Performance
- 8.9.8.3. Product Benchmarking
- 8.9.9. Siemens Energy
- 8.9.9.1. Company Overview
- 8.9.9.2. Financial Performance
- 8.9.9.3. Product Benchmarking
- 8.9.10. Solar Turbines Inc.
- 8.9.10.1. Company Overview
- 8.9.10.2. Financial Performance
- 8.9.10.3. Product Benchmarkin
Pricing
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