Home » Energy » Gas Turbines Market

Gas Turbines Market By Turbine Design Type (Heavy-Duty Gas Turbines, Aero-Derivative Gas Turbines); By Application (Power Generation, Industrial Power & Captive Generation, Oil & Gas); By End-User (Utility Companies, Independent Power Producers (IPPs), Oil & Gas Companies, Industrial & Commercial Users); By Technology (Simple Cycle, Combined Cycle, Cogeneration (CHP)); By Capacity Range (Below 50 MW, 50–200 MW, Above 200 MW); By Fuel Type (Natural Gas, Hydrogen-Blended Gas, Synthetic & Low-Carbon Fuels, Dual-Fuel); By Component (Combustion Systems, Turbine Blades & Rotors, Compressors, Generators, Control & Monitoring Systems, Heat Recovery Steam Generators (HRSGs)) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Name: Gas Turbines Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2026-01-07
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Gas Turbines Market

Summary
Table Of Content
Request Free Sample

Market Overview:

The Global Gas Turbine Market size was valued at USD 13,379.41 million in 2018 to USD 27,358.34 million in 2024 and is anticipated to reach USD 54,957.00 million by 2032, at a CAGR of 8.49% during the forecast period.

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Gas Turbines Market Size 2024	USD 27,358.34 Million
Gas Turbines Market, CAGR	8.49%
Gas Turbines Market Size 2032	USD 54,957.00 Million

Rising electricity demand drives strong investment in efficient power generation assets worldwide. Utilities favor gas turbines due to fast start capability and grid flexibility. Combined cycle plants improve fuel efficiency and lower operating costs. Governments support cleaner thermal power to reduce coal dependence. Industrial users deploy turbines for captive power and process heat needs. LNG availability improves fuel access across regions. Aging power infrastructure replacement supports steady equipment demand. Grid stability needs from renewable integration further strengthen gas turbine adoption.

North America leads due to large installed capacity and ongoing plant upgrades, led by the United States. Europe follows with a focus on energy transition and flexible backup power. The Middle East remains strong due to gas-rich economies and utility-scale projects. Asia Pacific emerges rapidly, driven by power demand growth in China and India. Southeast Asia expands capacity to support urbanization. Africa shows early growth through gas-based power diversification initiatives.

Gas Turbines Market Size

Market Insights:

The Global Gas Turbine Market was valued at USD 13,379.41 million in 2018, reached USD 27,358.34 million in 2024, and is projected to hit USD 54,957.00 million by 2032, expanding at a CAGR of 8.49% due to rising power demand and transition fuel adoption.
Asia Pacific leads with about 48.6% share, driven by rapid urbanization, grid expansion, and strong utility investments, followed by North America at nearly 26.9% due to grid modernization and shale gas access, and Europe at around 16.8% supported by flexible backup needs for renewable-heavy grids.
Asia Pacific is also the fastest-growing region, supported by large-scale capacity additions in China and India, rising LNG imports, and expanding industrial captive power demand.
By turbine design type, heavy-duty gas turbines account for roughly 70% of market share, reflecting dominance in utility-scale and combined cycle power plants.
Aero-derivative gas turbines hold about 30% share, supported by demand for fast-start, flexible, and peaking power applications across utilities and industries.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research Inc.!

Download Sample

Market Drivers:

Rising Need For Flexible And Reliable Power Generation Infrastructure Across Grids

The Global Gas Turbine Market gains support from rising power reliability needs. Utilities require fast ramp power for grid balance. Gas turbines provide quick start and shutdown capability. Peak load management favors flexible thermal assets. Grid operators value stable frequency control support. Industrial zones require uninterrupted electricity supply. Power shortages push capacity expansion plans. Infrastructure upgrades sustain procurement cycles.

For instance, Siemens Energy reports that its SGT-800 gas turbine can reach full load in under 10 minutes, supporting grid frequency response in high-renewable power systems.

Strong Preference For High Efficiency Combined Cycle Power Plants

Utilities focus on higher thermal efficiency assets. Combined cycle configurations raise fuel utilization levels. Gas turbines support lower heat rates versus legacy plants. Operators aim to reduce operating expenditure. Fuel efficiency improves plant dispatch priority. Long-term power purchase agreements favor efficient units. Modern turbines fit baseload and mid-load roles. Efficiency targets drive technology upgrades.

For instance, Mitsubishi Power states that its J-series combined cycle plants have achieved efficiency levels above 64%, lowering fuel use per unit of electricity generated.

Expansion Of Industrial Captive Power And Cogeneration Installations

Industries deploy turbines for captive power security. Manufacturing sites need stable electricity supply. Cogeneration supports simultaneous heat and power use. Process industries reduce grid dependency through turbines. Refineries and chemicals favor gas-based systems. Energy cost control influences investment decisions. Operational reliability supports continuous production. Industrial growth sustains turbine demand.

Policy Support For Cleaner Thermal Power Transition Pathways

Governments promote lower-emission power alternatives. Gas turbines emit less carbon than coal plants. Transition policies encourage fuel switching strategies. Energy security plans include gas-based generation. Power sector reforms support private investment. Regulatory clarity improves project approvals. Cleaner thermal assets fit transition timelines. Policy alignment sustains market momentum.

Market Trends:

Integration Of Advanced Digital Monitoring And Control Systems

The Global Gas Turbine Market reflects rising digital system adoption. Operators deploy predictive maintenance platforms. Sensors enable real-time performance tracking. Digital twins improve outage planning accuracy. Analytics reduce unplanned downtime risks. Control systems optimize combustion efficiency. Remote monitoring supports asset lifecycle management. Software integration enhances plant reliability.

For instance, GE Vernova notes that its digital gas turbine fleet monitoring has reduced unplanned outages by up to 5% through condition-based maintenance analytics.

Growing Adoption Of Modular And Mobile Gas Turbine Solutions

Project developers seek faster deployment timelines. Modular turbine units support quick installation. Mobile turbines address temporary power needs. Emergency power applications expand demand. Construction sites require short-term generation assets. Utilities use mobile units during grid upgrades. Flexibility improves project economics. Compact designs gain wider acceptance.

For instance, APR Energy deployed mobile gas turbine units in Puerto Rico after Hurricane Maria, restoring approximately 70 MW of temporary power within four weeks.

Shift Toward Long-Term Service Agreements And Lifecycle Contracts

Asset owners prefer bundled service contracts. OEM-led maintenance improves operational certainty. Long-term agreements stabilize cost forecasting. Performance-based contracts align supplier incentives. Service revenues gain strategic importance. Operators reduce in-house maintenance burden. Lifecycle management supports asset availability. Contract models reshape competitive dynamics.

Rising Focus On Fuel Flexibility And Multi-Fuel Capability

Operators demand turbines with fuel adaptability. Systems support natural gas and liquid fuels. Fuel switching improves supply security. Multi-fuel units support remote locations. Backup fuel readiness reduces operational risk. Energy transition drives interest in hydrogen blends. OEMs invest in combustion upgrades. Fuel flexibility becomes a key selection factor.

Market Challenges Analysis:

High Capital Costs And Extended Project Development Timelines

The Global Gas Turbine Market faces cost-related constraints. Large-scale plants require heavy upfront investment. Financing approvals extend project schedules. Interest rate volatility affects project viability. Developers face budget overruns during construction. Equipment customization increases procurement complexity. Long lead times delay capacity additions. Cost pressure limits adoption in smaller markets.

Regulatory Uncertainty And Environmental Compliance Pressures

Emission norms tighten across key regions. Approval processes require detailed environmental assessments. Policy shifts create planning uncertainty. Carbon pricing impacts operating economics. Public opposition delays thermal power projects. Permitting timelines vary by jurisdiction. Compliance costs increase operational burden. Regulatory risk affects investor confidence.

Market Opportunities:

Hydrogen Blending And Low-Carbon Fuel Adaptation Initiatives

The Global Gas Turbine Market sees opportunity in fuel innovation. Hydrogen blending gains policy support. OEMs develop hydrogen-ready turbines. Pilot projects validate combustion stability. Low-carbon fuels reduce emission intensity. Energy transition funding supports retrofits. Early adoption builds competitive advantage. Technology leadership drives future demand.

Emerging Market Power Expansion And Grid Modernization Programs

Developing regions expand electricity infrastructure. Urbanization increases base power demand. Grid modernization requires flexible generation assets. Gas availability improves through LNG terminals. Private power projects gain policy backing. Industrial growth drives captive installations. Electrification programs boost capacity needs. Emerging markets create long-term growth avenues.

Market Segmentation Analysis:

By Turbine Design Type

Heavy-duty gas turbines dominate large-scale and baseload projects due to high output and durability. Aero-derivative gas turbines serve peaking and fast-response needs through lightweight design and quick start capability.

For instance, GE’s HA-class heavy-duty gas turbines have exceeded 3 million operating hours globally, supporting large combined cycle plants and industrial power applications.

By Application (Energy & Power Only)

Power generation remains the primary application due to grid reliability needs. Industrial power and captive generation support manufacturing continuity and cost control. Oil and gas non-propulsion use focuses on upstream and midstream operational power.

By End-User

Utility companies lead deployment for grid-scale electricity supply. Independent power producers focus on flexible and merchant power projects. Oil and gas companies use turbines for field operations. Industrial and commercial users adopt systems for captive and backup power.

By Technology

Simple cycle systems address peak demand and emergency use. Combined cycle technology improves efficiency through waste heat recovery. Cogeneration supports simultaneous power and thermal energy needs in industrial facilities.

By Capacity Range

Below 50 MW units serve decentralized and industrial sites. The 50–200 MW range fits mid-scale plants and captive projects. Above 200 MW systems support large utility and combined cycle installations.

By Fuel Type

Natural gas leads due to availability and lower emissions. Hydrogen-blended gas gains attention for transition pathways. Synthetic and low-carbon fuels support decarbonization goals. Dual-fuel systems improve operational flexibility.

By Component

Combustion systems drive efficiency and emission control. Turbine blades and rotors define performance limits. Compressors manage air intake efficiency. Generators convert mechanical power to electricity. Control and monitoring systems ensure safe operation. HRSGs enable combined cycle performance across the Global Gas Turbine Market.

Gas Turbines Market Trends

Segmentation:

By Turbine Design Type

Heavy-Duty Gas Turbines
Aero-Derivative Gas Turbines

By Application (Energy & Power Only)

Power Generation
Industrial Power & Captive Generation
Oil & Gas (Non-propulsion)

By End-User

Utility Companies
Independent Power Producers (IPPs)
Oil & Gas Companies
Industrial & Commercial Users

By Technology

Simple Cycle
Combined Cycle
Cogeneration (CHP)

By Capacity Range

Below 50 MW
50–200 MW
Above 200 MW

By Fuel Type

Natural Gas
Hydrogen-Blended Gas
Synthetic & Low-Carbon Fuels
Dual-Fuel

By Component

Combustion Systems
Turbine Blades & Rotors
Compressors
Generators
Control & Monitoring Systems
Heat Recovery Steam Generators (HRSGs)

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa

Regional Analysis:

North America

The North America Global Gas Turbine Market size was valued at USD 3,643.81 million in 2018 to USD 7,326.84 million in 2024 and is anticipated to reach USD 14,783.98 million by 2032, at a CAGR of 8.5 during the forecast period. North America holds nearly 26.9% share of the Global Gas Turbine Market by 2032. The region benefits from strong grid modernization programs. Utilities invest in replacing aging thermal assets. Gas turbines support renewable integration and grid stability needs. Industrial facilities rely on captive power solutions. The United States leads due to shale gas availability. Canada supports growth through efficiency upgrades. Mexico expands capacity to meet rising electricity demand.

Europe

The Europe Global Gas Turbine Market size was valued at USD 2,603.10 million in 2018 to USD 5,043.04 million in 2024 and is anticipated to reach USD 9,251.06 million by 2032, at a CAGR of 7.3 during the forecast period. Europe accounts for about 16.8% share of the Global Gas Turbine Market. Energy transition policies shape regional demand patterns. Gas turbines act as backup for renewable-heavy grids. Countries focus on flexible and low-emission assets. Combined cycle plants gain preference for efficiency. Germany and the UK drive replacement projects. Southern Europe invests in grid reliability. Regulatory clarity supports long-term capacity planning.

Asia Pacific

The Asia Pacific Global Gas Turbine Market size was valued at USD 5,916.83 million in 2018 to USD 12,540.22 million in 2024 and is anticipated to reach USD 26,709.59 million by 2032, at a CAGR of 9.3 during the forecast period. Asia Pacific holds the largest share at nearly 48.6% of the Global Gas Turbine Market. Rapid urbanization drives electricity demand growth. Countries expand utility-scale power infrastructure. Natural gas adoption supports cleaner generation goals. China and India lead capacity additions. Southeast Asia invests in flexible power assets. LNG import terminals improve fuel access. Industrial growth sustains captive power demand.

Latin America

The Latin America Global Gas Turbine Market size was valued at USD 631.97 million in 2018 to USD 1,276.19 million in 2024 and is anticipated to reach USD 2,269.03 million by 2032, at a CAGR of 6.8 during the forecast period. Latin America represents around 4.1% share of the Global Gas Turbine Market. Power demand rises with urban expansion. Gas turbines support grid reliability in hydro-dependent systems. Brazil leads regional installations. Argentina advances gas-based generation using domestic reserves. Utilities favor flexible thermal backup. Industrial users deploy captive systems. Policy reforms improve private sector participation.

Middle East

The Middle East Global Gas Turbine Market size was valued at USD 365.87 million in 2018 to USD 682.29 million in 2024 and is anticipated to reach USD 1,150.75 million by 2032, at a CAGR of 6.1 during the forecast period. The Middle East holds nearly 2.1% share of the Global Gas Turbine Market. Gas-rich economies support turbine deployment. Utilities invest in large-scale power plants. Peak power demand drives capacity expansion. Cogeneration gains traction in industrial zones. UAE and Saudi Arabia lead regional projects. Grid expansion supports economic diversification. Reliable power remains a strategic priority.

Africa

The Africa Global Gas Turbine Market size was valued at USD 217.83 million in 2018 to USD 489.77 million in 2024 and is anticipated to reach USD 792.58 million by 2032, at a CAGR of 5.6 during the forecast period. Africa accounts for about 1.4% share of the Global Gas Turbine Market. Electrification needs drive infrastructure investment. Gas turbines support off-grid and grid projects. Countries focus on reducing power deficits. Nigeria and Egypt lead gas-based capacity additions. Industrial projects adopt captive generation. Fuel availability shapes project feasibility. Development programs improve long-term market outlook.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Key Player Analysis:

General Electric
Siemens Energy
Mitsubishi Power
Ansaldo Energia
MAN Energy Solutions

Competitive Analysis:

The Global Gas Turbine Market shows a concentrated structure with a few global OEMs holding strong positions. Leading players compete on efficiency, reliability, and lifecycle service capability. Technology depth and long-term service agreements shape competitive strength. Players invest in fuel-flexible and hydrogen-ready platforms. Regional manufacturing and service hubs improve delivery timelines. Strategic partnerships support access to large utility projects. Aftermarket services provide stable recurring revenue. It favors companies with strong balance sheets and global references.

Recent Developments:

Ansaldo Energia secured a major contract in December 2025 from Hungary’s MVM Group to supply a hydrogen-ready GT26 gas turbine and accompanying steam turbine with generators for the new Matra Power Plant. The 521-megawatt combined-cycle facility, expected to commence commercial operations in early 2029, will replace an existing lignite-fired plant and deliver up to 70 percent reduction in CO2 emissions compared to the facility it supersedes. The GT26 turbine, featuring sequential combustion for rapid load ramping and a minimum environmental load of approximately 30 percent, achieves net site efficiency of around 60 percent and can integrate up to 30 percent hydrogen in the fuel blend, providing substantial decarbonization pathway optionality. This award reinforces Ansaldo Energia’s position in Central European energy transition initiatives and demonstrates market recognition of its technology platform’s operational flexibility and environmental credentials.
In November 2025, Ansaldo Energia completed a significant modernization partnership with ABB to upgrade the gas turbine control systems at Sorgenia’s Modugno combined-cycle power plant in southern Italy. The 810-megawatt facility’s existing gas turbine controls were evolved from legacy ABB Egatrol-8 GT26 systems to the latest ABB Ability System 800xA technology platform. This modernization extended equipment lifetime, improved operational efficiency, enhanced cybersecurity posture, and enabled seamless integration of the entire plant automation infrastructure into a unified control architecture, delivering real-time operational insights and productivity optimization for the plant operator.
In November 2025, GE Vernova secured a significant order from Poland’s Enea Group for two 9HA.01 H-Class combined-cycle blocks destined for the Kozienice Power Station. Scheduled for commercial operation in 2029, this $1.2 billion project will deliver approximately 1.2 gigawatts of electricity while generating up to 60 percent lower emissions compared to an equivalent coal-fired facility. This order represents a major milestone for GE Vernova’s H-Class fleet, which has now surpassed 200 units of cumulative orders, underscoring sustained demand for heavy-duty gas turbine technology in Europe’s energy transition initiatives.
In June 2025, Siemens Energy formalized a strategic partnership with Eaton, a global power management firm, to accelerate data center construction through integrated onsite power systems. The collaboration centers on a modular, scalable power plant design producing 500 megawatts of electricity using highly efficient SGT-800 gas turbines enhanced with battery energy storage for maximum reliability. This partnership enables parallel construction of data centers and their power infrastructure, offering developers unprecedented flexibility in choosing between grid-independent and grid-connected configurations while supporting future hydrogen-ready operations as decarbonization pathways mature.

Report Coverage:

The research report offers an in-depth analysis based on turbine design type and application segments. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

Utilities will increase investment in flexible thermal assets to support grid stability.
Hydrogen-ready gas turbines will see wider pilot and early commercial adoption.
Combined cycle power plants will remain the preferred choice for efficiency gains.
Original equipment manufacturers will strengthen long-term service agreement portfolios.
Emerging economies will drive new capacity additions across utility-scale projects.
Digital control and monitoring systems will improve operational reliability and uptime.
Fuel-flexible turbine designs will gain preference among power producers.
Industrial users will continue adopting captive gas turbine power solutions.
Grid operators will rely on gas turbines to balance renewable power variability.
Policy support for transition power will sustain market demand over the long term.

Table of Content

Chapter No. 1 :………. Introduction.. 37

1.1….. Report Description. 37

Purpose of the Report 37

USP & Key Offerings. 37

1.1.1.. Key Benefits for Stakeholders. 38

1.1.2.. Target Audience. 38

1.2….. Report Scope. 39

1.3….. Regional Scope. 40

Chapter No. 2 :………. Executive Summary. 41

2.1….. Gas Turbine Market Snapshot 41

2.1.1.. Global Gas Turbine Market, Volume and Revenue, 2020 – 2033 (Units) (USD Million) 43

2.2….. Insights from Primary Respondents. 44

Chapter No. 3 :………. Gas Turbine Market – Industry Analysis. 45

3.1….. Introduction. 45

3.2….. Market Drivers. 46

3.2.1.. Shift to natural gas for cleaner power generation. 47

3.2.2.. Rising electricity demand from urbanization. 48

3.3….. Market Restraints. 49

3.3.1.. High capital costs for installation. 50

3.4….. Market Opportunities. 51

3.4.1.. Market Opportunity Analysis. 51

3.5….. Porter’s Five Forces Analysis. 52

3.6….. Value Chain Analysis. 53

3.7….. Buying Criteria. 54

Chapter No. 4 :………. Analysis Competitive Landscape. 55

4.1….. Company Market Share Analysis – 2024. 55

4.1.1.. Global Gas Turbine Market: Company Market Share, by Volume, 2024. 55

4.1.2.. Global Gas Turbine Market: Company Market Share, by Revenue, 2024. 56

4.1.3.. Global Gas Turbine Market: Top 6 Company Market Share, by Revenue, 2024. 57

4.1.4.. Global Gas Turbine Market: Top 3 Company Market Share, by Revenue, 2024. 58

4.2….. Global Gas Turbine Market Company Volume Market Share, 2024. 59

4.3….. Global Gas Turbine Market Company Revenue Market Share, 2024. 61

4.4….. Company Assessment Metrics, 2024. 63

4.4.1.. Stars. 63

4.4.2.. Emerging Leaders. 63

4.4.3.. Pervasive Players. 63

4.4.4.. Participants. 63

4.5….. Start-ups /SMEs Assessment Metrics, 2024. 64

4.5.1.. Progressive Companies. 64

4.5.2.. Responsive Companies. 64

4.5.3.. Dynamic Companies. 64

4.5.4.. Starting Blocks. 64

4.6….. Strategic Developments. 65

4.6.1.. Acquisitions & Mergers. 65

4.6.2.. New Product Launch. 65

4.6.3.. Regional Expansion. 66

4.7….. Key Players Product Matrix. 67

Chapter No. 5 :………. PESTEL & Adjacent Market Analysis. 69

5.1….. PESTEL. 69

5.1.1.. Political Factors. 69

5.1.2.. Economic Factors. 69

5.1.3.. Social Factors. 69

5.1.4.. Technological Factors. 69

5.1.5.. Environmental Factors. 69

5.1.6.. Legal Factors. 69

5.2….. Adjacent Market Analysis. 69

Chapter No. 6 :………. Gas Turbine Market – By Turbine Design Type Segment Analysis. 70

6.1….. Gas Turbine Market Overview, by Turbine Design Type Segment 70

6.1.1.. Gas Turbine Market Volume Share, By Turbine Design Type, 2024 & 2033. 71

6.1.2.. Gas Turbine Market Revenue Share, By Turbine Design Type, 2024 & 2033. 72

6.1.3.. Gas Turbine Market Attractiveness Analysis, By Turbine Design Type. 73

6.1.4.. Incremental Revenue Growth Opportunity, by Turbine Design Type, 2026 – 2033. 74

6.1.5.. Gas Turbine Market Revenue, By Turbine Design Type, 2020, 2024, 2029 & 2033. 75

6.2….. Heavy-Duty Gas Turbines. 76

6.3….. Aero-Derivative Gas Turbines. 77

Chapter No. 7 :………. Gas Turbine Market – By Application (Energy & Power Only) Segment Analysis. 78

7.1….. Gas Turbine Market Overview, by Application (Energy & Power Only) Segment 78

7.1.1.. Gas Turbine Market Volume Share, By Application (Energy & Power Only), 2024 & 2033. 79

7.1.2.. Gas Turbine Market Revenue Share, By Application (Energy & Power Only), 2024 & 2033. 80

7.1.3.. Gas Turbine Market Attractiveness Analysis, By Application (Energy & Power Only) 81

7.1.4.. Incremental Revenue Growth Opportunity, by Application (Energy & Power Only), 2026 – 2033. 82

7.1.5.. Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020, 2024, 2029 & 2033. 83

7.2….. Power Generation. 84

7.3….. Industrial Power & Captive Generation. 85

7.4….. Oil & Gas (Non-propulsion) 86

Chapter No. 8 :………. Gas Turbine Market – By End-user Segment Analysis. 87

8.1….. Gas Turbine Market Overview, by End-user Segment 87

8.1.1.. Gas Turbine Market Volume Share, By End-user, 2024 & 2033. 88

8.1.2.. Gas Turbine Market Revenue Share, By End-user, 2024 & 2033. 89

8.1.3.. Gas Turbine Market Attractiveness Analysis, By End-user 90

8.1.4.. Incremental Revenue Growth Opportunity, by End-user, 2026 – 2033. 91

8.1.5.. Gas Turbine Market Revenue, By End-user, 2020, 2024, 2029 & 2033. 92

8.2….. Utility Companies. 93

8.3….. Independent Power Producers (IPPs) 94

8.4….. Oil & Gas Companies. 95

8.5….. Industrial & Commercial Users. 96

Chapter No. 9 :………. Gas Turbine Market – By Technology Segment Analysis. 97

9.1….. Gas Turbine Market Overview, by Technology Segment 97

9.1.1.. Gas Turbine Market Volume Share, By Technology, 2024 & 2033. 98

9.1.2.. Gas Turbine Market Revenue Share, By Technology, 2024 & 2033. 99

9.1.3.. Gas Turbine Market Attractiveness Analysis, By Technology. 100

9.1.4.. Incremental Revenue Growth Opportunity, by Technology, 2026 – 2033. 101

9.1.5.. Gas Turbine Market Revenue, By Technology, 2020, 2024, 2029 & 2033. 102

9.2….. Simple Cycle. 103

9.3….. Combined Cycle. 104

9.4….. Cogeneration (CHP) 105

Chapter No. 10 :…….. Gas Turbine Market – By Capacity Range Segment Analysis. 106

10.1… Gas Turbine Market Overview, by Capacity Range Segment 106

10.1.1. Gas Turbine Market Volume Share, By Capacity Range, 2024 & 2033. 107

10.1.2. Gas Turbine Market Revenue Share, By Capacity Range, 2024 & 2033. 108

10.1.3. Gas Turbine Market Attractiveness Analysis, By Capacity Range. 109

10.1.4. Incremental Revenue Growth Opportunity, by Capacity Range, 2026 – 2033. 110

10.1.5. Gas Turbine Market Revenue, By Capacity Range, 2020, 2024, 2029 & 2033. 111

10.2… Below 50 MW.. 112

10.3… 50–200 MW.. 113

10.4… Above 200 MW.. 114

Chapter No. 11 :…….. Gas Turbine Market – By Fuel Type Segment Analysis. 115

11.1… Gas Turbine Market Overview, by Fuel Type Segment 115

11.1.1. Gas Turbine Market Volume Share, By Fuel Type, 2024 & 2033. 116

11.1.2. Gas Turbine Market Revenue Share, By Fuel Type, 2024 & 2033. 117

11.1.3. Gas Turbine Market Attractiveness Analysis, By Fuel Type. 118

11.1.4. Incremental Revenue Growth Opportunity, by Fuel Type, 2026 – 2033. 119

11.1.5. Gas Turbine Market Revenue, By Fuel Type, 2020, 2024, 2029 & 2033. 120

11.2… Natural Gas. 121

11.3… Hydrogen-Blended Gas. 122

11.4… Synthetic & Low-Carbon Fuels. 123

11.5… Dual-Fuel 124

Chapter No. 12 :…….. Gas Turbine Market – By Component Segment Analysis. 125

12.1… Gas Turbine Market Overview, by Component Segment 125

12.1.1. Gas Turbine Market Volume Share, By Component, 2024 & 2033. 126

12.1.2. Gas Turbine Market Revenue Share, By Component, 2024 & 2033. 127

12.1.3. Gas Turbine Market Attractiveness Analysis, By Component 128

12.1.4. Incremental Revenue Growth Opportunity, by Component, 2026 – 2033. 129

12.1.5. Gas Turbine Market Revenue, By Component, 2020, 2024, 2029 & 2033. 130

12.2… Combustion Systems. 131

12.3… Turbine Blades & Rotors. 132

12.4… Compressors. 133

12.5… Generators. 134

12.6… Control & Monitoring Systems. 135

12.7… Heat Recovery Steam Generators (HRSGs) 136

Chapter No. 13 :…….. Gas Turbine Market – Regional Analysis. 137

13.1… Gas Turbine Market Overview, by Regional Segments. 137

13.2… Region. 138

13.2.1. Global Gas Turbine Market Revenue Share, By Region, 2024 & 2033. 138

13.2.2. Gas Turbine Market Attractiveness Analysis, By Region. 139

13.2.3. Incremental Revenue Growth Opportunity, by Region, 2025 – 2033. 140

13.2.4. Gas Turbine Market Revenue, By Region, 2020, 2024, 2029 & 2033. 141

Chapter No. 14 :…….. Gas Turbine Market – North America. 142

14.1… North America. 142

14.1.1. Key Highlights. 143

14.1.2. North America Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 144

14.1.3. North America Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 145

14.1.4. North America Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 146

14.1.5. North America Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 148

14.1.6. North America Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 150

14.1.7. North America Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 152

14.1.8. North America Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 154

14.1.9. North America Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 156

14.1.10….. North America Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 158

14.1.11. North America Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 159

14.1.12. North America Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 160

14.1.13. North America Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 161

14.1.14……… North America Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 162

14.1.15. North America Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 163

14.1.16….. North America Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 164

14.1.17. North America Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 166

14.2… U.S. 167

14.3… Canada. 167

14.4… Mexico. 167

Chapter No. 15 :…….. Gas Turbine Market – Europe. 168

15.1… Europe. 168

15.1.1. Key Highlights. 169

15.1.2. Europe Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 170

15.1.3. Europe Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 172

15.1.4. Europe Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 174

15.1.5. Europe Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 176

15.1.6. Europe Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 178

15.1.7. Europe Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 180

15.1.8. Europe Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 182

15.1.9. Europe Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 184

15.1.10…………….. Europe Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 186

15.1.11….. Europe Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 187

15.1.12……….. Europe Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 188

15.1.13. Europe Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 189

15.1.14……………….. Europe Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 190

15.1.15……… Europe Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 191

15.1.16……………. Europe Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 192

15.1.17….. Europe Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 194

15.2… UK. 196

15.3… France. 196

15.4… Germany. 196

15.5… Italy. 196

15.6… Spain. 196

15.7… Russia. 196

15.8… Belgium.. 196

15.9… Netherland. 196

15.10. Austria. 196

15.11. Sweden. 196

15.12. Poland. 196

15.13. Denmark. 196

15.14. Switzerland. 196

15.15. Rest of Europe. 196

Chapter No. 16 :…….. Gas Turbine Market – Asia Pacific. 197

16.1… Asia Pacific. 197

16.1.1. Key Highlights. 198

16.1.2. Asia Pacific Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 199

16.1.3. Asia Pacific Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 201

16.1.4. Asia Pacific Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 203

16.1.5. Asia Pacific Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 205

16.1.6. Asia Pacific Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 207

16.1.7. Asia Pacific Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 209

16.1.8. Asia Pacific Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 211

16.1.9. Asia Pacific Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 213

16.1.10……….. Asia Pacific Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 215

16.1.11. Asia Pacific Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 216

16.1.12….. Asia Pacific Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 217

16.1.13. Asia Pacific Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 218

16.1.14………….. Asia Pacific Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 219

16.1.15… Asia Pacific Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 220

16.1.16………. Asia Pacific Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 221

16.1.17. Asia Pacific Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 223

16.2… China. 225

16.3… Japan. 225

16.4… South Korea. 225

16.5… India. 225

16.6… Australia. 225

16.7… Thailand. 225

16.8… Indonesia. 225

16.9… Vietnam.. 225

16.10. Malaysia. 225

16.11. Philippines. 225

16.12. Taiwan. 225

16.13. Rest of Asia Pacific. 225

Chapter No. 17 :…….. Gas Turbine Market – Latin America. 226

17.1… Latin America. 226

17.1.1. Key Highlights. 227

17.1.2. Latin America Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 228

17.1.3. Latin America Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 230

17.1.4. Latin America Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 232

17.1.5. Latin America Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 234

17.1.6. Latin America Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 236

17.1.7. Latin America Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 238

17.1.8. Latin America Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 240

17.1.9. Latin America Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 242

17.1.10……. Latin America Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 244

17.1.11. Latin America Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 245

17.1.12. Latin America Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 246

17.1.13. Latin America Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 247

17.1.14………. Latin America Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 248

17.1.15. Latin America Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 249

17.1.16…… Latin America Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 250

17.1.17. Latin America Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 252

17.2… Brazil 254

17.3… Argentina. 254

17.4… Peru. 254

17.5… Chile. 254

17.6… Colombia. 254

17.7… Rest of Latin America. 254

Chapter No. 18 :…….. Gas Turbine Market – Middle East. 255

18.1… Middle East 255

18.1.1. Key Highlights. 256

18.1.2. Middle East Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 257

18.1.3. Middle East Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 259

18.1.4. Middle East Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 261

18.1.5. Middle East Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 263

18.1.6. Middle East Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 265

18.1.7. Middle East Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 267

18.1.8. Middle East Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 269

18.1.9. Middle East Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 271

18.1.10………. Middle East Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 273

18.1.11. Middle East Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 274

18.1.12…. Middle East Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 275

18.1.13. Middle East Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 276

18.1.14…………. Middle East Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 277

18.1.15.. Middle East Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 278

18.1.16……… Middle East Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 279

18.1.17. Middle East Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 281

18.2… UAE. 283

18.3… KSA. 283

18.4… Israel 283

18.5… Turkey. 283

18.6… Iran. 283

18.7… Rest of Middle East 283

Chapter No. 19 :…….. Gas Turbine Market – Africa. 284

19.1… Africa. 284

19.1.1. Key Highlights. 285

19.1.2. Africa Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 286

19.1.3. Africa Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 288

19.1.4. Africa Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 290

19.1.5. Africa Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 292

19.1.6. Africa Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 294

19.1.7. Africa Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 296

19.1.8. Africa Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 298

19.1.9. Africa Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 300

19.1.10………………. Africa Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 302

19.1.11……. Africa Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 303

19.1.12…………. Africa Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 304

19.1.13.. Africa Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 305

19.1.14…………………. Africa Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 306

19.1.15……….. Africa Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 307

19.1.16……………… Africa Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 308

19.1.17……. Africa Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 310

19.2… South Africa. 312

19.3… Egypt 312

19.4… Nigeria. 312

19.5… Algeria. 312

19.6… Morocco. 312

19.7… Rest of Africa. 312

Chapter No. 20 :…….. Company Profiles. 313

20.1… General Electric (GE) 313

20.1.1. Company Overview.. 313

20.1.2. Product Portfolio. 313

20.1.3. Financial Overview.. 314

20.2… Siemens Energy. 315

20.3… Mitsubishi Power 315

20.4… Ansaldo Energia. 315

20.5… Everllence (MAN Energy Solutions) 315

20.6… Company 6. 315

20.7… Company 7. 315

20.8… Company 8. 315

20.9… Company 9. 315

20.10. Company 10. 315

20.11. Company 11. 315

20.12. Company 12. 315

20.13. Company 13. 315

20.14. Company 14. 315

List of Figures

FIG NO. 1………. Global Gas Turbine Market Volume & Revenue, 2020 – 2033 (USD Million) 43

FIG NO. 2………. Porter’s Five Forces Analysis for Global Gas Turbine Market. 52

FIG NO. 3………. Value Chain Analysis for Global Gas Turbine Market. 53

FIG NO. 4………. Company Market Share Analysis, by Volume, 2024. 55

FIG NO. 5………. Company Market Share Analysis, by Revenue, 2024. 56

FIG NO. 6………. Company Share Analysis, 2024. 57

FIG NO. 7………. Company Share Analysis, 2024. 58

FIG NO. 8………. Gas Turbine Market – Company Volume Market Share, 2024. 59

FIG NO. 9………. Gas Turbine Market – Company Revenue Market Share, 2024. 61

FIG NO. 10…….. Company Assessment Metrics, 2024. 63

FIG NO. 11…….. Gas Turbine Market Volume Share, By Turbine Design Type, 2024 & 2033. 71

FIG NO. 12…….. Gas Turbine Market Revenue Share, By Turbine Design Type, 2024 & 2033. 72

FIG NO. 13…….. Market Attractiveness Analysis, By Turbine Design Type. 73

FIG NO. 14…….. Incremental Revenue Growth Opportunity by Turbine Design Type, 2026 – 2033. 74

FIG NO. 15…….. Gas Turbine Market Revenue, By Turbine Design Type, 2020, 2024, 2029 & 2033. 75

FIG NO. 16…….. Global Gas Turbine Market for Heavy-Duty Gas Turbines, Volume & Revenue (Units) (USD Million) 2020 – 2033. 76

FIG NO. 17…….. Global Gas Turbine Market for Aero-Derivative Gas Turbines, Volume & Revenue (Units) (USD Million) 2020 – 2033. 77

FIG NO. 18…….. Gas Turbine Market Volume Share, By Application (Energy & Power Only), 2024 & 2033. 79

FIG NO. 19…….. Gas Turbine Market Revenue Share, By Application (Energy & Power Only), 2024 & 2033. 80

FIG NO. 20…….. Market Attractiveness Analysis, By Application (Energy & Power Only) 81

FIG NO. 21…….. Incremental Revenue Growth Opportunity by Application (Energy & Power Only), 2026 – 2033. 82

FIG NO. 22…….. Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020, 2024, 2029 & 2033. 83

FIG NO. 23…….. Global Gas Turbine Market for Power Generation, Volume & Revenue (Units) (USD Million) 2020 – 2033. 84

FIG NO. 24…….. Global Gas Turbine Market for Industrial Power & Captive Generation, Volume & Revenue (Units) (USD Million) 2020 – 2033. 85

FIG NO. 25…….. Global Gas Turbine Market for Oil & Gas (Non-propulsion), Volume & Revenue (Units) (USD Million) 2020 – 2033. 86

FIG NO. 26…….. Gas Turbine Market Volume Share, By End-user, 2024 & 2033. 88

FIG NO. 27…….. Gas Turbine Market Revenue Share, By End-user, 2024 & 2033. 89

FIG NO. 28…….. Market Attractiveness Analysis, By End-user. 90

FIG NO. 29…….. Incremental Revenue Growth Opportunity by End-user, 2026 – 2033. 91

FIG NO. 30…….. Gas Turbine Market Revenue, By End-user, 2020, 2024, 2029 & 2033. 92

FIG NO. 31…….. Global Gas Turbine Market for Utility Companies, Volume & Revenue (Units) (USD Million) 2020 – 2033. 93

FIG NO. 32…….. Global Gas Turbine Market for Independent Power Producers (IPPs), Volume & Revenue (Units) (USD Million) 2020 – 2033. 94

FIG NO. 33…….. Global Gas Turbine Market for Oil & Gas Companies, Volume & Revenue (Units) (USD Million) 2020 – 2033. 95

FIG NO. 34…….. Global Gas Turbine Market for Industrial & Commercial Users, Volume & Revenue (Units) (USD Million) 2020 – 2033. 96

FIG NO. 35…….. Gas Turbine Market Volume Share, By Technology, 2024 & 2033. 98

FIG NO. 36…….. Gas Turbine Market Revenue Share, By Technology, 2024 & 2033. 99

FIG NO. 37…….. Market Attractiveness Analysis, By Technology. 100

FIG NO. 38…….. Incremental Revenue Growth Opportunity by Technology, 2026 – 2033. 101

FIG NO. 39…….. Gas Turbine Market Revenue, By Technology, 2020, 2024, 2029 & 2033. 102

FIG NO. 40…….. Global Gas Turbine Market for Simple Cycle, Volume & Revenue (Units) (USD Million) 2020 – 2033. 103

FIG NO. 41…….. Global Gas Turbine Market for Combined Cycle, Volume & Revenue (Units) (USD Million) 2020 – 2033. 104

FIG NO. 42…….. Global Gas Turbine Market for Cogeneration (CHP), Volume & Revenue (Units) (USD Million) 2020 – 2033. 105

FIG NO. 43…….. Gas Turbine Market Volume Share, By Capacity Range, 2024 & 2033. 107

FIG NO. 44…….. Gas Turbine Market Revenue Share, By Capacity Range, 2024 & 2033. 108

FIG NO. 45…….. Market Attractiveness Analysis, By Capacity Range. 109

FIG NO. 46…….. Incremental Revenue Growth Opportunity by Capacity Range, 2026 – 2033. 110

FIG NO. 47…….. Gas Turbine Market Revenue, By Capacity Range, 2020, 2024, 2029 & 2033. 111

FIG NO. 48…….. Global Gas Turbine Market for Below 50 MW, Volume & Revenue (Units) (USD Million) 2020 – 2033. 112

FIG NO. 49…….. Global Gas Turbine Market for 50–200 MW, Volume & Revenue (Units) (USD Million) 2020 – 2033. 113

FIG NO. 50…….. Global Gas Turbine Market for Above 200 MW, Volume & Revenue (Units) (USD Million) 2020 – 2033. 114

FIG NO. 51…….. Gas Turbine Market Volume Share, By Fuel Type, 2024 & 2033. 116

FIG NO. 52…….. Gas Turbine Market Revenue Share, By Fuel Type, 2024 & 2033. 117

FIG NO. 53…….. Market Attractiveness Analysis, By Fuel Type. 118

FIG NO. 54…….. Incremental Revenue Growth Opportunity by Fuel Type, 2026 – 2033. 119

FIG NO. 55…….. Gas Turbine Market Revenue, By Fuel Type, 2020, 2024, 2029 & 2033. 120

FIG NO. 56…….. Global Gas Turbine Market for Natural Gas, Volume & Revenue (Units) (USD Million) 2020 – 2033. 121

FIG NO. 57…….. Global Gas Turbine Market for Hydrogen-Blended Gas, Volume & Revenue (Units) (USD Million) 2020 – 2033. 122

FIG NO. 58…….. Global Gas Turbine Market for Synthetic & Low-Carbon Fuels, Volume & Revenue (Units) (USD Million) 2020 – 2033. 123

FIG NO. 59…….. Global Gas Turbine Market for Dual-Fuel, Volume & Revenue (Units) (USD Million) 2020 – 2033. 124

FIG NO. 60…….. Gas Turbine Market Volume Share, By Component, 2024 & 2033. 126

FIG NO. 61…….. Gas Turbine Market Revenue Share, By Component, 2024 & 2033. 127

FIG NO. 62…….. Market Attractiveness Analysis, By Component. 128

FIG NO. 63…….. Incremental Revenue Growth Opportunity by Component, 2026 – 2033. 129

FIG NO. 64…….. Gas Turbine Market Revenue, By Component, 2020, 2024, 2029 & 2033. 130

FIG NO. 65…….. Global Gas Turbine Market for Combustion Systems, Volume & Revenue (Units) (USD Million) 2020 – 2033. 131

FIG NO. 66…….. Global Gas Turbine Market for Turbine Blades & Rotors, Volume & Revenue (Units) (USD Million) 2020 – 2033. 132

FIG NO. 67…….. Global Gas Turbine Market for Compressors, Volume & Revenue (Units) (USD Million) 2020 – 2033. 133

FIG NO. 68…….. Global Gas Turbine Market for Generators, Volume & Revenue (Units) (USD Million) 2020 – 2033. 134

FIG NO. 69…….. Global Gas Turbine Market for Control & Monitoring Systems, Volume & Revenue (Units) (USD Million) 2020 – 2033. 135

FIG NO. 70…….. Global Gas Turbine Market for Heat Recovery Steam Generators (HRSGs), Volume & Revenue (Units) (USD Million) 2020 – 2033. 136

FIG NO. 71…….. Global Gas Turbine Market Revenue Share, By Region, 2024 & 2033. 138

FIG NO. 72…….. Market Attractiveness Analysis, By Region. 139

FIG NO. 73…….. Incremental Revenue Growth Opportunity by Region, 2025 – 2033. 140

FIG NO. 74…….. Gas Turbine Market Revenue, By Region, 2020, 2024, 2029 & 2033. 141

FIG NO. 75…….. North America Gas Turbine Market Volume & Revenue, 2020 – 2033 (Units) (USD Million) 142

FIG NO. 76…….. Europe Gas Turbine Market Volume & Revenue, 2020 – 2033 (Units) (USD Million) 168

FIG NO. 77…….. Asia Pacific Gas Turbine Market Volume & Revenue, 2020 – 2033 (Units) (USD Million) 197

FIG NO. 78…….. Latin America Gas Turbine Market Volume & Revenue, 2020 – 2033 (Units) (USD Million) 226

FIG NO. 79…….. Middle East Gas Turbine Market Volume & Revenue, 2020 – 2033 (Units) (USD Million) 255

FIG NO. 80…….. Africa Gas Turbine Market Volume & Revenue, 2020 – 2033 (Units) (USD Million) 284

List of Tables

TABLE NO. 1. :… Global Gas Turbine Market: Snapshot. 41

TABLE NO. 2. :… Drivers for the Gas Turbine Market: Impact Analysis. 46

TABLE NO. 3. :… Restraints for the Gas Turbine Market: Impact Analysis. 49

TABLE NO. 4. :… North America Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 144

TABLE NO. 5. :… North America Gas Turbine Market Volume, By Country, 2026 – 2033 (Units) 144

TABLE NO. 6. :… North America Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 145

TABLE NO. 7. :… North America Gas Turbine Market Revenue, By Country, 2026 – 2033 (USD Million) 145

TABLE NO. 8. :… North America Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 146

TABLE NO. 9. :… North America Gas Turbine Market Volume, By Turbine Design Type, 2026 – 2033 (Units) 147

TABLE NO. 10. :.. North America Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 148

TABLE NO. 11. :.. North America Gas Turbine Market Revenue, By Turbine Design Type, 2026 – 2033 (USD Million) 149

TABLE NO. 12. :.. North America Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 150

TABLE NO. 13. :.. North America Gas Turbine Market Volume, By Application (Energy & Power Only), 2026 – 2033 (Units) 151

TABLE NO. 14. :.. North America Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 152

TABLE NO. 15. :.. North America Gas Turbine Market Revenue, By Application (Energy & Power Only), 2026 – 2033 (USD Million) 153

TABLE NO. 16. :.. North America Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 154

TABLE NO. 17. :.. North America Gas Turbine Market Volume, By End-user, 2026 – 2033 (Units) 155

TABLE NO. 18. :.. North America Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 156

TABLE NO. 19. :.. North America Gas Turbine Market Revenue, By End-user, 2026 – 2033 (USD Million) 157

TABLE NO. 20. :.. North America Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 158

TABLE NO. 21. :.. North America Gas Turbine Market Volume, By Technology, 2026 – 2033 (Units) 158

TABLE NO. 22. :.. North America Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 159

TABLE NO. 23. :.. North America Gas Turbine Market Revenue, By Technology, 2026 – 2033 (USD Million) 159

TABLE NO. 24. :.. North America Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 160

TABLE NO. 25. :.. North America Gas Turbine Market Volume, By Capacity Range, 2026 – 2033 (Units) 160

TABLE NO. 26. :.. North America Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 161

TABLE NO. 27. :.. North America Gas Turbine Market Revenue, By Capacity Range, 2026 – 2033 (USD Million) 161

TABLE NO. 28. :.. North America Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 162

TABLE NO. 29. :.. North America Gas Turbine Market Volume, By Fuel Type, 2026 – 2033 (Units) 162

TABLE NO. 30. :.. North America Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 163

TABLE NO. 31. :.. North America Gas Turbine Market Revenue, By Fuel Type, 2026 – 2033 (USD Million) 163

TABLE NO. 32. :.. North America Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 164

TABLE NO. 33. :.. North America Gas Turbine Market Volume, By Component, 2026 – 2033 (Units) 165

TABLE NO. 34. :.. North America Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 166

TABLE NO. 35. :.. North America Gas Turbine Market Revenue, By Component, 2026 – 2033 (USD Million) 167

TABLE NO. 36. :.. Europe Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 170

TABLE NO. 37. :.. Europe Gas Turbine Market Volume, By Country, 2026 – 2033 (Units) 171

TABLE NO. 38. :.. Europe Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 172

TABLE NO. 39. :.. Europe Gas Turbine Market Revenue, By Country, 2026 – 2033 (USD Million) 173

TABLE NO. 40. :.. Europe Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 174

TABLE NO. 41. :.. Europe Gas Turbine Market Volume, By Turbine Design Type, 2026 – 2033 (Units) 174

TABLE NO. 42. :.. Europe Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 176

TABLE NO. 43. :.. Europe Gas Turbine Market Revenue, By Turbine Design Type, 2026 – 2033 (USD Million) 176

TABLE NO. 44. :.. Europe Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 178

TABLE NO. 45. :.. Europe Gas Turbine Market Volume, By Application (Energy & Power Only), 2026 – 2033 (Units) 178

TABLE NO. 46. :.. Europe Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 180

TABLE NO. 47. :.. Europe Gas Turbine Market Revenue, By Application (Energy & Power Only), 2026 – 2033 (USD Million) 180

TABLE NO. 48. :.. Europe Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 182

TABLE NO. 49. :.. Europe Gas Turbine Market Volume, By End-user, 2026 – 2033 (Units) 182

TABLE NO. 50. :.. Europe Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 184

TABLE NO. 51. :.. Europe Gas Turbine Market Revenue, By End-user, 2026 – 2033 (USD Million) 184

TABLE NO. 52. :.. Europe Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 186

TABLE NO. 53. :.. Europe Gas Turbine Market Volume, By Technology, 2026 – 2033 (Units) 186

TABLE NO. 54. :.. Europe Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 187

TABLE NO. 55. :.. Europe Gas Turbine Market Revenue, By Technology, 2026 – 2033 (USD Million) 187

TABLE NO. 56. :.. Europe Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 188

TABLE NO. 57. :.. Europe Gas Turbine Market Volume, By Capacity Range, 2026 – 2033 (Units) 188

TABLE NO. 58. :.. Europe Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 189

TABLE NO. 59. :.. Europe Gas Turbine Market Revenue, By Capacity Range, 2026 – 2033 (USD Million) 189

TABLE NO. 60. :.. Europe Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 190

TABLE NO. 61. :.. Europe Gas Turbine Market Volume, By Fuel Type, 2026 – 2033 (Units) 190

TABLE NO. 62. :.. Europe Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 191

TABLE NO. 63. :.. Europe Gas Turbine Market Revenue, By Fuel Type, 2026 – 2033 (USD Million) 191

TABLE NO. 64. :.. Europe Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 192

TABLE NO. 65. :.. Europe Gas Turbine Market Volume, By Component, 2026 – 2033 (Units) 193

TABLE NO. 66. :.. Europe Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 194

TABLE NO. 67. :.. Europe Gas Turbine Market Revenue, By Component, 2026 – 2033 (USD Million) 195

TABLE NO. 68. :.. Asia Pacific Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 199

TABLE NO. 69. :.. Asia Pacific Gas Turbine Market Volume, By Country, 2026 – 2033 (Units) 200

TABLE NO. 70. :.. Asia Pacific Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 201

TABLE NO. 71. :.. Asia Pacific Gas Turbine Market Revenue, By Country, 2026 – 2033 (USD Million) 202

TABLE NO. 72. :.. Asia Pacific Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 203

TABLE NO. 73. :.. Asia Pacific Gas Turbine Market Volume, By Turbine Design Type, 2026 – 2033 (Units) 203

TABLE NO. 74. :.. Asia Pacific Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 205

TABLE NO. 75. :.. Asia Pacific Gas Turbine Market Revenue, By Turbine Design Type, 2026 – 2033 (USD Million) 205

TABLE NO. 76. :.. Asia Pacific Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 207

TABLE NO. 77. :.. Asia Pacific Gas Turbine Market Volume, By Application (Energy & Power Only), 2026 – 2033 (Units) 207

TABLE NO. 78. :.. Asia Pacific Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 209

TABLE NO. 79. :.. Asia Pacific Gas Turbine Market Revenue, By Application (Energy & Power Only), 2026 – 2033 (USD Million) 209

TABLE NO. 80. :.. Asia Pacific Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 211

TABLE NO. 81. :.. Asia Pacific Gas Turbine Market Volume, By End-user, 2026 – 2033 (Units) 211

TABLE NO. 82. :.. Asia Pacific Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 213

TABLE NO. 83. :.. Asia Pacific Gas Turbine Market Revenue, By End-user, 2026 – 2033 (USD Million) 213

TABLE NO. 84. :.. Asia Pacific Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 215

TABLE NO. 85. :.. Asia Pacific Gas Turbine Market Volume, By Technology, 2026 – 2033 (Units) 215

TABLE NO. 86. :.. Asia Pacific Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 216

TABLE NO. 87. :.. Asia Pacific Gas Turbine Market Revenue, By Technology, 2026 – 2033 (USD Million) 216

TABLE NO. 88. :.. Asia Pacific Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 217

TABLE NO. 89. :.. Asia Pacific Gas Turbine Market Volume, By Capacity Range, 2026 – 2033 (Units) 217

TABLE NO. 90. :.. Asia Pacific Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 218

TABLE NO. 91. :.. Asia Pacific Gas Turbine Market Revenue, By Capacity Range, 2026 – 2033 (USD Million) 218

TABLE NO. 92. :.. Asia Pacific Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 219

TABLE NO. 93. :.. Asia Pacific Gas Turbine Market Volume, By Fuel Type, 2026 – 2033 (Units) 219

TABLE NO. 94. :.. Asia Pacific Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 220

TABLE NO. 95. :.. Asia Pacific Gas Turbine Market Revenue, By Fuel Type, 2026 – 2033 (USD Million) 220

TABLE NO. 96. :.. Asia Pacific Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 221

TABLE NO. 97. :.. Asia Pacific Gas Turbine Market Volume, By Component, 2026 – 2033 (Units) 222

TABLE NO. 98. :.. Asia Pacific Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 223

TABLE NO. 99. :.. Asia Pacific Gas Turbine Market Revenue, By Component, 2026 – 2033 (USD Million) 224

TABLE NO. 100. : Latin America Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 228

TABLE NO. 101. : Latin America Gas Turbine Market Volume, By Country, 2026 – 2033 (Units) 229

TABLE NO. 102. : Latin America Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 230

TABLE NO. 103. : Latin America Gas Turbine Market Revenue, By Country, 2026 – 2033 (USD Million) 231

TABLE NO. 104. : Latin America Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 232

TABLE NO. 105. : Latin America Gas Turbine Market Volume, By Turbine Design Type, 2026 – 2033 (Units) 232

TABLE NO. 106. : Latin America Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 234

TABLE NO. 107. : Latin America Gas Turbine Market Revenue, By Turbine Design Type, 2026 – 2033 (USD Million) 234

TABLE NO. 108. : Latin America Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 236

TABLE NO. 109. : Latin America Gas Turbine Market Volume, By Application (Energy & Power Only), 2026 – 2033 (Units) 236

TABLE NO. 110. : Latin America Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 238

TABLE NO. 111. : Latin America Gas Turbine Market Revenue, By Application (Energy & Power Only), 2026 – 2033 (USD Million) 238

TABLE NO. 112. : Latin America Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 240

TABLE NO. 113. : Latin America Gas Turbine Market Volume, By End-user, 2026 – 2033 (Units) 240

TABLE NO. 114. : Latin America Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 242

TABLE NO. 115. : Latin America Gas Turbine Market Revenue, By End-user, 2026 – 2033 (USD Million) 242

TABLE NO. 116. : Latin America Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 244

TABLE NO. 117. : Latin America Gas Turbine Market Volume, By Technology, 2026 – 2033 (Units) 244

TABLE NO. 118. : Latin America Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 245

TABLE NO. 119. : Latin America Gas Turbine Market Revenue, By Technology, 2026 – 2033 (USD Million) 245

TABLE NO. 120. : Latin America Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 246

TABLE NO. 121. : Latin America Gas Turbine Market Volume, By Capacity Range, 2026 – 2033 (Units) 246

TABLE NO. 122. : Latin America Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 247

TABLE NO. 123. : Latin America Gas Turbine Market Revenue, By Capacity Range, 2026 – 2033 (USD Million) 247

TABLE NO. 124. : Latin America Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 248

TABLE NO. 125. : Latin America Gas Turbine Market Volume, By Fuel Type, 2026 – 2033 (Units) 248

TABLE NO. 126. : Latin America Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 249

TABLE NO. 127. : Latin America Gas Turbine Market Revenue, By Fuel Type, 2026 – 2033 (USD Million) 249

TABLE NO. 128. : Latin America Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 250

TABLE NO. 129. : Latin America Gas Turbine Market Volume, By Component, 2026 – 2033 (Units) 251

TABLE NO. 130. : Latin America Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 252

TABLE NO. 131. : Latin America Gas Turbine Market Revenue, By Component, 2026 – 2033 (USD Million) 253

TABLE NO. 132. : Middle East Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 257

TABLE NO. 133. : Middle East Gas Turbine Market Volume, By Country, 2026 – 2033 (Units) 258

TABLE NO. 134. : Middle East Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 259

TABLE NO. 135. : Middle East Gas Turbine Market Revenue, By Country, 2026 – 2033 (USD Million) 260

TABLE NO. 136. : Middle East Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 261

TABLE NO. 137. : Middle East Gas Turbine Market Volume, By Turbine Design Type, 2026 – 2033 (Units) 261

TABLE NO. 138. : Middle East Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 263

TABLE NO. 139. : Middle East Gas Turbine Market Revenue, By Turbine Design Type, 2026 – 2033 (USD Million) 263

TABLE NO. 140. : Middle East Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 265

TABLE NO. 141. : Middle East Gas Turbine Market Volume, By Application (Energy & Power Only), 2026 – 2033 (Units) 265

TABLE NO. 142. : Middle East Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 267

TABLE NO. 143. : Middle East Gas Turbine Market Revenue, By Application (Energy & Power Only), 2026 – 2033 (USD Million) 267

TABLE NO. 144. : Middle East Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 269

TABLE NO. 145. : Middle East Gas Turbine Market Volume, By End-user, 2026 – 2033 (Units) 269

TABLE NO. 146. : Middle East Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 271

TABLE NO. 147. : Middle East Gas Turbine Market Revenue, By End-user, 2026 – 2033 (USD Million) 271

TABLE NO. 148. : Middle East Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 273

TABLE NO. 149. : Middle East Gas Turbine Market Volume, By Technology, 2026 – 2033 (Units) 273

TABLE NO. 150. : Middle East Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 274

TABLE NO. 151. : Middle East Gas Turbine Market Revenue, By Technology, 2026 – 2033 (USD Million) 274

TABLE NO. 152. : Middle East Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 275

TABLE NO. 153. : Middle East Gas Turbine Market Volume, By Capacity Range, 2026 – 2033 (Units) 275

TABLE NO. 154. : Middle East Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 276

TABLE NO. 155. : Middle East Gas Turbine Market Revenue, By Capacity Range, 2026 – 2033 (USD Million) 276

TABLE NO. 156. : Middle East Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 277

TABLE NO. 157. : Middle East Gas Turbine Market Volume, By Fuel Type, 2026 – 2033 (Units) 277

TABLE NO. 158. : Middle East Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 278

TABLE NO. 159. : Middle East Gas Turbine Market Revenue, By Fuel Type, 2026 – 2033 (USD Million) 278

TABLE NO. 160. : Middle East Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 279

TABLE NO. 161. : Middle East Gas Turbine Market Volume, By Component, 2026 – 2033 (Units) 280

TABLE NO. 162. : Middle East Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 281

TABLE NO. 163. : Middle East Gas Turbine Market Revenue, By Component, 2026 – 2033 (USD Million) 282

TABLE NO. 164. : Africa Gas Turbine Market Volume, By Country, 2020 – 2025 (Units) 286

TABLE NO. 165. : Africa Gas Turbine Market Volume, By Country, 2026 – 2033 (Units) 287

TABLE NO. 166. : Africa Gas Turbine Market Revenue, By Country, 2020 – 2025 (USD Million) 288

TABLE NO. 167. : Africa Gas Turbine Market Revenue, By Country, 2026 – 2033 (USD Million) 289

TABLE NO. 168. : Africa Gas Turbine Market Volume, By Turbine Design Type, 2020 – 2025 (Units) 290

TABLE NO. 169. : Africa Gas Turbine Market Volume, By Turbine Design Type, 2026 – 2033 (Units) 290

TABLE NO. 170. : Africa Gas Turbine Market Revenue, By Turbine Design Type, 2020 – 2025 (USD Million) 292

TABLE NO. 171. : Africa Gas Turbine Market Revenue, By Turbine Design Type, 2026 – 2033 (USD Million) 292

TABLE NO. 172. : Africa Gas Turbine Market Volume, By Application (Energy & Power Only), 2020 – 2025 (Units) 294

TABLE NO. 173. : Africa Gas Turbine Market Volume, By Application (Energy & Power Only), 2026 – 2033 (Units) 294

TABLE NO. 174. : Africa Gas Turbine Market Revenue, By Application (Energy & Power Only), 2020 – 2025 (USD Million) 296

TABLE NO. 175. : Africa Gas Turbine Market Revenue, By Application (Energy & Power Only), 2026 – 2033 (USD Million) 296

TABLE NO. 176. : Africa Gas Turbine Market Volume, By End-user, 2020 – 2025 (Units) 298

TABLE NO. 177. : Africa Gas Turbine Market Volume, By End-user, 2026 – 2033 (Units) 298

TABLE NO. 178. : Africa Gas Turbine Market Revenue, By End-user, 2020 – 2025 (USD Million) 300

TABLE NO. 179. : Africa Gas Turbine Market Revenue, By End-user, 2026 – 2033 (USD Million) 300

TABLE NO. 180. : Africa Gas Turbine Market Volume, By Technology, 2020 – 2025 (Units) 302

TABLE NO. 181. : Africa Gas Turbine Market Volume, By Technology, 2026 – 2033 (Units) 302

TABLE NO. 182. : Africa Gas Turbine Market Revenue, By Technology, 2020 – 2025 (USD Million) 303

TABLE NO. 183. : Africa Gas Turbine Market Revenue, By Technology, 2026 – 2033 (USD Million) 303

TABLE NO. 184. : Africa Gas Turbine Market Volume, By Capacity Range, 2020 – 2025 (Units) 304

TABLE NO. 185. : Africa Gas Turbine Market Volume, By Capacity Range, 2026 – 2033 (Units) 304

TABLE NO. 186. : Africa Gas Turbine Market Revenue, By Capacity Range, 2020 – 2025 (USD Million) 305

TABLE NO. 187. : Africa Gas Turbine Market Revenue, By Capacity Range, 2026 – 2033 (USD Million) 305

TABLE NO. 188. : Africa Gas Turbine Market Volume, By Fuel Type, 2020 – 2025 (Units) 306

TABLE NO. 189. : Africa Gas Turbine Market Volume, By Fuel Type, 2026 – 2033 (Units) 306

TABLE NO. 190. : Africa Gas Turbine Market Revenue, By Fuel Type, 2020 – 2025 (USD Million) 307

TABLE NO. 191. : Africa Gas Turbine Market Revenue, By Fuel Type, 2026 – 2033 (USD Million) 307

TABLE NO. 192. : Africa Gas Turbine Market Volume, By Component, 2020 – 2025 (Units) 308

TABLE NO. 193. : Africa Gas Turbine Market Volume, By Component, 2026 – 2033 (Units) 309

TABLE NO. 194. : Africa Gas Turbine Market Revenue, By Component, 2020 – 2025 (USD Million) 310

TABLE NO. 195. : Africa Gas Turbine Market Revenue, By Component, 2026 – 2033 (USD Million) 311

Request A Free Sample

We prioritize the confidentiality and security of your data. Our promise: your information remains private.

Ready to Transform Data into Decisions?

Request Your Sample Report and Start Your Journey of Informed Choices

Providing the strategic compass for industry titans.

Frequently Asked Questions

What is the current market size for Global Gas Turbine Market, and what is its projected size in 2032?

The market stood at USD 27,358.34 million in 2024. Forecasts indicate steady expansion through new capacity additions. By 2032, demand reaches USD 54,957.00 million. Growth reflects utility and industrial investment momentum.

At what Compound Annual Growth Rate is the Global Gas Turbine Market projected to grow between 2025 and 2032?

The market advances at a CAGR of 8.49% during the forecast period. Growth links to grid modernization and cleaner thermal power adoption. Fuel availability and efficiency needs support this pace.

Which Global Gas Turbine Market segment held the largest share in 2024?

Power generation applications led the market in 2024. Utility-scale installations accounted for the majority of deployments. Combined cycle plants supported this dominance.

What are the primary factors fueling the growth of the Global Gas Turbine Market?

Key drivers include rising electricity demand and grid reliability needs. Gas-based power supports renewable integration. Industrial captive generation also contributes to demand.

Who are the leading companies in the Global Gas Turbine Market?

Major players include General Electric, Siemens Energy, Mitsubishi Power, Ansaldo Energia, and MAN Energy Solutions. These firms compete through technology depth and global service reach.

Which region commanded the largest share of the Gas Turbines Market in 2024?

In 2024, Asia Pacific commanded the largest share of the Gas Turbines Market, driven by rapid industrialization and increasing energy demands across countries like China and India.

About Author

Ganesh Chandwade

Senior Industry Consultant

Ganesh is a senior industry consultant specializing in heavy industries and advanced materials.

View Profile

Related Reports

Silicon Anode Battery Market

The Silicon Anode Battery Market size was valued at USD 90.00 million in 2018 to USD 340.19 million in 2024 and is anticipated to reach USD 8,535.55 million by 2032, at a CAGR of 49.69% during the forecast period.

Data Center Power Market

The Global Data Center Power Market size was valued at USD 13,508.65 million in 2018 to USD 25,372.88 million in 2024 and is anticipated to reach USD 65,380.86 million by 2032, at a CAGR of 11.70% during the forecast period.

Pipeline Integrity Management Market

The Pipeline integrity management market is projected to grow from USD 2,303 million in 2024 to USD 3,262.3 million by 2032, registering a CAGR of 4.45% during the forecast period.

Organic Waste Converter Machine Market

The Organic waste converter machine market is projected to grow from USD 296.5 million in 2024 to an estimated USD 574 million by 2032. The market is expected to register a CAGR of 8.61% from 2024 to 2032.

Oilfield Equipment Market

The Oilfield equipment market is projected to grow from USD 128,613 million in 2024 to an estimated USD 159,910.5 million by 2032, with a compound annual growth rate (CAGR) of 2.76% from 2024 to 2032.

Oil Immersed Current Transformer Market

The Oil immersed current transformer market was valued at USD 1,893 million in 2024. The market is projected to reach USD 3,044.3 million by 2032. This growth reflects a compound annual growth rate of 6.12% during the forecast period.

Telecom Power Systems Market

The Global Telecom Power Systems Market size was valued at USD 3,200.00 million in 2018 to USD 6,870.83 million in 2024 and is anticipated to reach USD 40,240.05 million by 2032, at a CAGR of 24.88% during the forecast period.

Solar Powered Gadgets Market

Solar Powered Gadgets market size was valued at USD 90,635.56 Million in 2024 and is anticipated to reach USD 216,519.78 Million by 2032, at a CAGR of 11.5% during the forecast period.

Software Turbine Control System Market

Software Turbine Control System market size was valued at USD 6,687.5 Million in 2024 and is anticipated to reach USD 9,730.92 Million by 2032, at a CAGR of 4.8% during the forecast period.

Solar PV Module Market

Solar PV Module Market size was valued at USD 337,838.79 Million in 2024 and is anticipated to reach USD 580,469.93 Million by 2032, at a CAGR of 7% during the forecast period.

Solar PV Microgrid Market

Solar PV Microgrid Market size was valued at USD 3,187.5 million in 2024 and is anticipated to reach USD 13,797.3 million by 2032, at a CAGR of 20.1% during the forecast period.

Solar PV Manufacturing Equipment Market

Solar PV Manufacturing Equipment Market size was valued at USD 16,587.5 Million in 2024 and is anticipated to reach USD 86,336.81 Million by 2032, at a CAGR of 22.9% during the forecast period.

Licence Option

Single User

$4999

Multi User

$6999

Enterprise

$12999

Report delivery within 24 to 48 hours

What people say?

Thank you for the data! The numbers are exactly what we asked for and what we need to build our business case.

Materials Scientist
(privacy requested)

The report was an excellent overview of the Industrial Burners market. This report does a great job of breaking everything down into manageable chunks.

Imre Hof
Management Assistant, Bekaert

Trusted By

Request Sample