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Gas Turbine Compressor Market By Type (Axial Flow Compressors, Centrifugal Compressors); By Capacity (Small (1–5 MW), Medium (5–20 MW), Large (Above 20 MW)); By Application (Power Generation, Oil & Gas, Aviation, Marine, Industrial); By End User (Utilities, Industrial, Commercial); By Geography (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Name: Gas Turbine Compressor Market - Demand, Size and Competitive Analysis
Creator: Credence Research Inc.
Published: 2026-02-20
License: https://www.credenceresearch.com/info/privacy-policy
Keywords: Gas Turbine Compressor Market

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Gas Turbine Compressor Market Overview:

The Global Gas Turbine Compressor Market size was valued at USD 6,699.3 million in 2018, reached USD 8,434.5 million in 2024, and is anticipated to reach USD 11,795.2 million by 2032, growing at a CAGR of 4.31% during the forecast period.

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Gas Turbine Compressor Market Size 2024	USD 8,434.5 million
Gas Turbine Compressor Market, CAGR	4.31%
Gas Turbine Compressor Market Size 2032	USD 11,795.2 million

The global gas turbine compressor market is led by key players such as General Electric, Mitsubishi Heavy Industries, Siemens Energy, Rolls-Royce Holdings, and MAN Energy Solutions. These companies dominate through advanced product portfolios, global service networks, and continuous innovation in efficiency and emissions control. General Electric and Siemens Energy hold significant market shares due to their presence across power, oil & gas, and industrial sectors. Asia Pacific emerges as the leading regional market, accounting for 34.9% of the global share in 2024, driven by rising power demand, industrial growth, and gas infrastructure expansion in China and India. Europe follows with 27.8%, supported by energy transition initiatives and infrastructure upgrades. Strategic partnerships, focus on hydrogen-ready turbines, and digital performance optimization tools remain key differentiators among the top competitors, while emerging markets continue to offer new growth opportunities for modular and mid-scale systems.

Gas Turbine Compressor Market Size

Gas Turbine Compressor Market Insights

The global gas turbine compressor market was valued at USD 8,434.5 million in 2024 and is projected to reach USD 11,795.2 million by 2032, growing at a CAGR of 4.31%.
Demand is driven by rising energy needs, industrialization, and preference for gas-fired power over coal due to lower emissions and better efficiency.
Key trends include adoption of hydrogen-ready turbines, digital monitoring systems, and modular compressor designs for flexible deployment across industries.
Major players such as General Electric, Mitsubishi Heavy Industries, and Siemens Energy lead with strong R&D and global service networks, while niche firms target mid-size segments.
Asia Pacific leads with a 34.9% share in 2024, followed by Europe at 27.8% and North America at 23.6%. Power generation holds the largest application share, while axial flow compressors dominate by type due to their performance in high-capacity systems.

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Gas Turbine Compressor Market Segmentation Analysis:

By Type:

Axial flow compressors dominate the global gas turbine compressor market by type, accounting for over 60% of the revenue share in 2024. Their high efficiency in handling large volumes of air at constant pressure makes them ideal for heavy-duty industrial and power applications. These compressors offer superior aerodynamic performance, compact size, and lower operational costs for high-flow environments. Centrifugal compressors, while used in smaller or medium-scale systems, serve niche applications like aviation auxiliary power units and compact gas turbines. However, axial units continue to lead due to their suitability in high-capacity, high-efficiency turbine systems.

For instance, GE’s LM2500 series gas turbines use a 17‑stage axial compressor to deliver up to 47,370 shp in the LM2500+G4 configuration with enhanced reliability and flow handling.

By Capacity:

Large-capacity gas turbine compressors (above 20 MW) lead the market, contributing more than 50% of the segment revenue in 2024. Their dominance stems from growing adoption in utility-scale power plants and major oil & gas infrastructure requiring high output and sustained performance. These units deliver higher thermal efficiency and longer operational lifecycles, making them cost-effective for large-scale continuous operations. Meanwhile, medium (5–20 MW) and small (1–5 MW) capacity turbines support distributed energy, marine, and industrial uses. The shift toward decentralized energy and microgrids supports moderate growth in the small and medium segments.

For instance, GE’s aeroderivative LM2500 family, producing around 37 MW in typical configurations, has accumulated over 120 million operating hours globally, demonstrating durability in high‑capacity applications.

By Application:

Power generation remains the dominant application segment, holding over 40% market share in 2024. The rising global demand for cleaner and more efficient energy sources fuels adoption of gas turbine compressors in combined-cycle and peaking power plants. Gas turbines offer fast start-up, reduced emissions, and reliable performance, making them ideal for grid stabilization and renewable energy integration. The oil & gas sector follows, driven by compressor use in LNG processing, gas injection, and refinery operations. Aviation, marine, and industrial sectors also use gas turbine compressors for propulsion and process efficiency, though they account for smaller shares.

Gas Turbine Compressor Market Key Growth Drivers

Rising Demand for Reliable and Flexible Power Generation

The increasing global need for flexible and dispatchable power is a key driver for gas turbine compressor adoption. With rising energy consumption and intermittent renewable integration, utilities are turning to gas turbines for quick ramp-up capabilities and grid stability. Gas turbine compressors are critical to maintaining high thermal efficiency and reliable operation under fluctuating loads. Rapid urbanization and industrial expansion in emerging economies further boost demand for gas-based power infrastructure. Combined-cycle power plants, which rely on efficient compressors, are preferred for their low emissions and better heat utilization. Countries facing energy transition mandates are investing in modern gas turbine systems as bridging solutions, driving compressor upgrades and new installations.

For instance, Siemens Energy’s SGT‑800 gas turbine delivers stable output with integrated multistage compressors ideal for flexible power generation systems.

Expanding Oil & Gas Infrastructure Investments

Ongoing exploration and production activities across North America, the Middle East, and Asia are strengthening demand for gas turbine compressors in the oil & gas industry. These compressors are vital for gas re-injection, pipeline transmission, LNG processing, and refinery operations. With increasing offshore developments and rising natural gas trade, energy companies are investing in high-performance turbine systems with robust compression units. New refinery and petrochemical capacity additions in Asia-Pacific and the Middle East further expand compressor deployment. Additionally, aging infrastructure in North America and Europe is being upgraded with energy-efficient turbines, propelling compressor retrofits. The industry’s focus on operational efficiency, emission control, and process reliability sustains long-term demand.

For instance, Baker Hughes received an order to supply 17 pipeline centrifugal compressors for Saudi Arabia’s Aramco gas network expansion, enhancing gas distribution infrastructure.

Increasing Focus on Industrial Efficiency and Process Optimization

Industrial users across sectors such as chemicals, cement, steel, and paper are adopting gas turbine compressors for process heating, mechanical drive applications, and on-site power generation. Compressors enable stable pressure and flow control, optimizing turbine efficiency and reducing fuel consumption. As energy prices rise and regulatory pressures intensify, industries prioritize equipment that reduces operating costs and carbon emissions. The compact design, high power-to-weight ratio, and lower maintenance of turbine compressors make them suitable for continuous and demanding operations. Furthermore, digitalization and real-time monitoring solutions are enhancing compressor performance, enabling predictive maintenance, and extending operational life further incentivizing industrial uptake.

Gas Turbine Compressor Market Key Trends & Opportunities

Shift Toward Hydrogen-Compatible Gas Turbine Compressors

The push for decarbonization is leading to a growing interest in hydrogen-compatible turbine systems. Gas turbine compressor manufacturers are now designing equipment capable of handling hydrogen blends or pure hydrogen to future-proof investments. This transition opens new opportunities for equipment retrofits and greenfield installations in both power generation and industrial sectors. Countries in Europe, Japan, and South Korea are piloting hydrogen gas turbines, creating demand for advanced compression technologies. OEMs such as Siemens Energy and Mitsubishi Power are already testing 100% hydrogen-capable turbines, highlighting a major shift in product development. This trend supports both emissions reduction goals and long-term market relevance of gas turbines in a low-carbon economy.

For instance, Mitsubishi Power completed a demonstration blending up to 50% hydrogen on an M501GAC gas turbine unit at Georgia Power’s Plant McDonough‑Atkinson, enhancing cleaner fuel

Growing Adoption of Modular and Mobile Turbine Compressor Units

The trend toward decentralized energy and flexible industrial operations is boosting demand for modular gas turbine compressors. These systems are compact, factory-assembled, and easier to transport, reducing installation time and cost. Mobile turbine compressors are gaining traction in oilfields, mining, and emergency power applications, especially in remote or rugged environments. As users prioritize plug-and-play solutions and scalability, manufacturers are developing portable units with digital control features and quick start-up capability. Modular designs also support faster service, lower downtime, and easier upgrades. This growing preference enables quicker project turnaround and opens new application areas for OEMs and service providers.

Gas Turbine Compressor Market Key Challenges

High Initial Capital Cost and Long ROI Period

One of the primary challenges in the gas turbine compressor market is the high upfront cost of acquisition and installation. Large-capacity systems require significant capital expenditure, including turbine, compressor, control systems, and auxiliary components. For many end users, especially in developing countries or smaller industrial operations, the extended return on investment (ROI) can deter adoption. This challenge is compounded by the availability of low-cost alternatives such as diesel engines or electric compressors in some use cases. Moreover, project financing constraints, policy uncertainties, and long approval cycles slow down procurement decisions. Reducing total lifecycle costs through efficiency gains and performance contracts is becoming essential to overcome this hurdle.

Stringent Emission Regulations and Transition to Renewables

Stricter environmental norms and rising pressure to reduce greenhouse gas emissions pose a challenge for the gas turbine compressor market. While gas turbines are cleaner than coal, they still emit carbon dioxide and nitrogen oxides, attracting regulatory scrutiny in regions like Europe and North America. Additionally, the rapid growth of solar, wind, and battery storage technologies is reducing reliance on thermal-based generation. This trend is shifting investment away from gas turbines in some mature markets, especially where policy favors zero-emission solutions. Manufacturers must therefore innovate around low-emission designs, carbon capture integration, and renewable gas compatibility to maintain competitiveness and regulatory compliance.

Gas Turbine Compressor Market Regional Analysis

North America

North America held a 23.6% share of the global gas turbine compressor market in 2024, with a value of USD 1,993.43 million, up from USD 1,615.20 million in 2018. The market is projected to reach USD 2,712.90 million by 2032, growing at a CAGR of 3.96%. The region benefits from advanced power infrastructure, shale gas exploration, and retrofit demand in thermal plants. The U.S. leads with high investments in combined-cycle gas turbines and LNG infrastructure. Regulatory support for cleaner energy and industrial energy efficiency further drives regional adoption of advanced turbine compressor systems.

Europe

Europe accounted for 27.8% of the global market in 2024, with a value of USD 2,346.00 million, rising from USD 1,808.81 million in 2018. By 2032, the market is expected to hit USD 3,408.82 million, registering the highest regional CAGR of 4.81%. The region’s growth is driven by energy transition goals, adoption of hydrogen-ready turbines, and strong investment in combined heat and power (CHP) plants. Countries like Germany, the UK, and France are upgrading aging infrastructure with high-efficiency turbine compressors, supporting emissions compliance. The push for decarbonization enhances demand for innovative gas-based solutions.

Asia Pacific

Asia Pacific led the global gas turbine compressor market in 2024 with a 34.9% share, valued at USD 2,941.47 million, up from USD 2,330.01 million in 2018. The market is projected to reach USD 4,128.33 million by 2032, growing at a CAGR of 4.36%. Strong industrial growth, urbanization, and large-scale energy projects across China, India, and Southeast Asia drive demand. Government initiatives to reduce coal dependency and expand gas-fired generation also support regional growth. Additionally, rising investments in oil & gas processing and distributed power generation expand opportunities for high-capacity compressors.

Latin America

Latin America represented 7.3% of the global market in 2024, reaching USD 615.72 million from USD 499.10 million in 2018. The market is projected to grow to USD 837.46 million by 2032 at a CAGR of 3.95%. Brazil and Mexico lead regional deployment, driven by industrial expansion and increased focus on natural gas-based power. Ongoing investments in refining and midstream gas infrastructure also contribute to demand. Despite economic challenges, regional governments are promoting private investments in energy, supporting gas turbine adoption across both utility and industrial sectors.

Middle East

The Middle East accounted for 4.5% of the global market in 2024, valued at USD 378.59 million, up from USD 320.23 million in 2018. The market is expected to reach USD 483.60 million by 2032, at a slower CAGR of 3.13%. Though the region has strong gas reserves, the focus remains on maximizing upstream efficiency and expanding refining capacity. Countries like Saudi Arabia and the UAE are modernizing power infrastructure to support industrial diversification. However, the presence of subsidized electricity and alternative fuel sources slightly dampens compressor market expansion compared to other regions.

Africa

Africa held a 1.9% share of the global market in 2024, with a value of USD 159.29 million, growing from USD 125.95 million in 2018. The market is projected to reach USD 224.11 million by 2032, registering a strong CAGR of 4.39%. Growing energy access programs, off-grid gas power solutions, and industrialization across Nigeria, Egypt, and South Africa drive market growth. Infrastructure gaps and funding challenges remain, but increasing public-private partnerships support expansion. Gas turbine compressors are being adopted in localized power generation and industrial projects, making Africa a rising market with long-term growth potential.

Gas Turbine Compressor Market Segmentations:

By Type:

Axial Flow Compressors
Centrifugal Compressors

By Capacity:

Small (1–5 MW)
Medium (5–20 MW)
Large (Above 20 MW)

By Application:

Power Generation
Oil & Gas
Aviation
Marine
Industrial

By End User:

Utilities
Industrial
Commercial

By Geography:

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

Gas Turbine Compressor Market Trends

Gas Turbine Compressor Market Competitive Landscape

The global gas turbine compressor market is highly competitive, with key players focusing on innovation, efficiency enhancement, and global expansion. Major companies such as General Electric, Mitsubishi Heavy Industries, Siemens Energy, and Rolls-Royce dominate the landscape through extensive product portfolios and strong R&D capabilities. These firms are investing in hydrogen-ready and low-emission turbine technologies to align with decarbonization trends. Emerging players like Capstone Turbine and Solar Turbines Incorporated are gaining traction in small-scale and modular systems. Strategic partnerships, long-term service agreements, and digital performance monitoring are core to competitive differentiation. Additionally, companies are strengthening their aftermarket services and offering performance-based contracts to enhance customer retention and revenue streams. The presence of regional manufacturers and OEM collaborations in Asia and the Middle East adds further intensity to market rivalry. Overall, the market rewards technological advancement, cost efficiency, and reliability, with players competing on innovation, service quality, and lifecycle value.

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Key Player Analysis

General Electric
Mitsubishi Heavy Industries Ltd.
Ansaldo Energia
MAN Energy Solutions
Solar Turbines Incorporated
Kawasaki Heavy Industries Ltd.
Rolls-Royce Holdings plc
Capstone Turbine Corporation
Doosan Heavy Industries & Construction Co., Ltd.
Alstom SA
Other Key Players

Recent Developments

In March 2023, GE’s latest high-efficiency gas turbine will cover less natural gas, which will be implemented in the 435-megawatt Tallawarra power station in Sydney, Australia.
In January 2023, Mitsubishi Power accepts an order for H-25 Gas Turbine for Taiwan’s Chang Chun petrochemical project; additionally, conversion of the cogeneration system at the Miaoli Factory in Miaoli City to a High Power-Efficient Gas-Fired System to Decrease CO2 Emissions.
In January 2022, GE Digital’s Autonomous Tuning Speed up the Energy Transition with Machine Learning and Artificial Intelligence, which will reduce harmful emissions and fuel consumption for gas turbines. Additionally, this will cost lower machinery and operational flexibility.

Report Coverage

The research report offers an in-depth analysis based on Type, Capacity, Application, End-User and Geography. 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

Demand for gas turbine compressors will rise with increasing focus on flexible and clean power generation.
Hydrogen-compatible turbine systems will gain traction as countries invest in low-carbon technologies.
Industrial sectors will adopt compressors for efficiency, reliability, and cost-effective on-site power solutions.
Digital control and predictive maintenance will enhance system performance and reduce operational downtime.
Modular and mobile turbine compressors will support decentralized energy and remote industrial applications.
Power generation will remain the dominant application, especially in fast-growing economies.
Retrofit and upgrade activities will grow in mature markets to meet emission norms and performance standards.
Asia Pacific will maintain its lead due to strong energy demand and industrial investments.
Europe will expand its share through green energy initiatives and hydrogen project rollouts.
Competitive focus will remain on innovation, fuel flexibility, lifecycle services, and regional expansion.

CHAPTER NO. 1 : GENESIS OF THE MARKET

1.1 Market Prelude – Introduction & Scope

1.2 The Big Picture – Objectives & Vision

1.3 Strategic Edge – Unique Value Proposition

1.4 Stakeholder Compass – Key Beneficiaries

CHAPTER NO. 2 : EXECUTIVE LENS

2.1 Pulse of the Industry – Market Snapshot

2.2 Growth Arc – Revenue Projections (USD Million)

2.3. Premium Insights – Based on Primary Interviews

CHAPTER NO. 3 : GAS TURBINE COMPRESSOR MARKET FORCES & INDUSTRY PULSE

3.1 Foundations of Change – Market Overview
3.2 Catalysts of Expansion – Key Market Drivers
3.2.1 Momentum Boosters – Growth Triggers
3.2.2 Innovation Fuel – Disruptive Technologies
3.3 Headwinds & Crosswinds – Market Restraints
3.3.1 Regulatory Tides – Compliance Challenges
3.3.2 Economic Frictions – Inflationary Pressures
3.4 Untapped Horizons – Growth Potential & Opportunities
3.5 Strategic Navigation – Industry Frameworks
3.5.1 Market Equilibrium – Porter’s Five Forces
3.5.2 Ecosystem Dynamics – Value Chain Analysis
3.5.3 Macro Forces – PESTEL Breakdown

CHAPTER NO. 4 : KEY INVESTMENT EPICENTER

4.1 Regional Goldmines – High-Growth Geographies

4.2 Product Frontiers – Lucrative Type Categories

4.3 Capacity Sweet Spots – Emerging Demand Segments

CHAPTER NO. 5: REVENUE TRAJECTORY & WEALTH MAPPING

5.1 Momentum Metrics – Forecast & Growth Curves

5.2 Regional Revenue Footprint – Market Share Insights

5.3 Segmental Wealth Flow – Type, Capacity, Application, & End User Revenue

CHAPTER NO. 6 : TRADE & COMMERCE ANALYSIS

6.1. Import Analysis By Region

6.1.1. Global Gas Turbine Compressor Market Import Revenue By Region

6.2. Export Analysis By Region

6.2.1. Global Gas Turbine Compressor Market Export Revenue By Region

CHAPTER NO. 7 : COMPETITION ANALYSIS

7.1. Company Market Share Analysis

7.1.1. Global Gas Turbine Compressor Market: Company Market Share

7.2. Global Gas Turbine Compressor Market Company Revenue Market Share

7.3. Strategic Developments

7.3.1. Acquisitions & Mergers

7.3.2. New Product Launch

7.3.3. Regional Expansion

7.4. Competitive Dashboard

7.5. Company Assessment Metrics, 2024

CHAPTER NO. 8 : GAS TURBINE COMPRESSOR MARKET – BY TYPE SEGMENT ANALYSIS

8.1. Gas Turbine Compressor Market Overview By Type Segment

8.1.1. Gas Turbine Compressor Market Revenue Share By Type

8.2. Axial Flow Compressors

8.3. Centrifugal Compressors

CHAPTER NO. 9 : GAS TURBINE COMPRESSOR MARKET – BY CAPACITY SEGMENT ANALYSIS

9.1. Gas Turbine Compressor Market Overview By Capacity Segment

9.1.1. Gas Turbine Compressor Market Revenue Share By Capacity

9.2. Small (1-5 MW)

9.3. Medium (5-20 MW)

9.4. Large (Above 20 MW)

CHAPTER NO. 10 : GAS TURBINE COMPRESSOR MARKET – BY APPLICATION SEGMENT ANALYSIS

10.1. Gas Turbine Compressor Market Overview By Application Segment

10.1.1. Gas Turbine Compressor Market Revenue Share By Application

10.2. Power Generation

10.3. Oil & Gas

10.4. Aviation

10.5. Marine

10.6. Industrial

CHAPTER NO. 11 : GAS TURBINE COMPRESSOR MARKET – BY END USER SEGMENT ANALYSIS

11.1. Gas Turbine Compressor Market Overview By End User Segment

11.1.1. Gas Turbine Compressor Market Revenue Share By End User

11.2. Utilities

11.3. Industrial

11.4. Commercial

CHAPTER NO. 12 : GAS TURBINE COMPRESSOR MARKET – REGIONAL ANALYSIS

12.1. Gas Turbine Compressor Market Overview By Region Segment

12.1.1. Global Gas Turbine Compressor Market Revenue Share By Region

12.1.2. Regions

12.1.3. Global Gas Turbine Compressor Market Revenue By Region

12.1.4. Type

12.1.5. Global Gas Turbine Compressor Market Revenue By Type

12.1.6. Capacity

12.1.7. Global Gas Turbine Compressor Market Revenue By Capacity

12.1.8. Application

12.1.9. Global Gas Turbine Compressor Market Revenue By Application

12.1.10. End User

12.1.11. Global Gas Turbine Compressor Market Revenue By End User

CHAPTER NO. 13 : NORTH AMERICA GAS TURBINE COMPRESSOR MARKET – COUNTRY ANALYSIS

13.1. North America Gas Turbine Compressor Market Overview By Country Segment

13.1.1. North America Gas Turbine Compressor Market Revenue Share By Region

13.2. North America

13.2.1. North America Gas Turbine Compressor Market Revenue By Country

13.2.2. Type

13.2.3. North America Gas Turbine Compressor Market Revenue By Type

13.2.4. Capacity

13.2.5. North America Gas Turbine Compressor Market Revenue By Capacity

13.2.6. Application

13.2.7. North America Gas Turbine Compressor Market Revenue By Application

13.2.8. End User

13.2.9. North America Gas Turbine Compressor Market Revenue By End User

13.3. U.S.

13.4. Canada

13.5. Mexico

CHAPTER NO. 14 : EUROPE GAS TURBINE COMPRESSOR MARKET – COUNTRY ANALYSIS

14.1. Europe Gas Turbine Compressor Market Overview By Country Segment

14.1.1. Europe Gas Turbine Compressor Market Revenue Share By Region

14.2. Europe

14.2.1. Europe Gas Turbine Compressor Market Revenue By Country

14.2.2. Type

14.2.3. Europe Gas Turbine Compressor Market Revenue By Type

14.2.4. Capacity

14.2.5. Europe Gas Turbine Compressor Market Revenue By Capacity

14.2.6. Application

14.2.7. Europe Gas Turbine Compressor Market Revenue By Application

14.2.8. End User

14.2.9. Europe Gas Turbine Compressor Market Revenue By End User

14.3. UK

14.4. France

14.5. Germany

14.6. Italy

14.7. Spain

14.8. Russia

14.9. Rest of Europe

CHAPTER NO. 15 : ASIA PACIFIC GAS TURBINE COMPRESSOR MARKET – COUNTRY ANALYSIS

15.1. Asia Pacific Gas Turbine Compressor Market Overview By Country Segment

15.1.1. Asia Pacific Gas Turbine Compressor Market Revenue Share By Region

15.2. Asia Pacific

15.2.1. Asia Pacific Gas Turbine Compressor Market Revenue By Country

15.2.2. Type

15.2.3. Asia Pacific Gas Turbine Compressor Market Revenue By Type

15.2.4. Capacity

15.2.5. Asia Pacific Gas Turbine Compressor Market Revenue By Capacity

15.2.6. Application

15.2.7. Asia Pacific Gas Turbine Compressor Market Revenue By Application

15.2.8. End User

15.2.9. Asia Pacific Gas Turbine Compressor Market Revenue By End User

15.3. China

15.4. Japan

15.5. South Korea

15.6. India

15.7. Australia

15.8. Southeast Asia

15.9. Rest of Asia Pacific

CHAPTER NO. 16 : LATIN AMERICA GAS TURBINE COMPRESSOR MARKET – COUNTRY ANALYSIS

16.1. Latin America Gas Turbine Compressor Market Overview By Country Segment

16.1.1. Latin America Gas Turbine Compressor Market Revenue Share By Region

16.2. Latin America

16.2.1. Latin America Gas Turbine Compressor Market Revenue By Country

16.2.2. Type

16.2.3. Latin America Gas Turbine Compressor Market Revenue By Type

16.2.4. Capacity

16.2.5. Latin America Gas Turbine Compressor Market Revenue By Capacity

16.2.6. Application

16.2.7. Latin America Gas Turbine Compressor Market Revenue By Application

16.2.8. End User

16.2.9. Latin America Gas Turbine Compressor Market Revenue By End User

16.3. Brazil

16.4. Argentina

16.5. Rest of Latin America

CHAPTER NO. 17 : MIDDLE EAST GAS TURBINE COMPRESSOR MARKET – COUNTRY ANALYSIS

17.1. Middle East Gas Turbine Compressor Market Overview By Country Segment

17.1.1. Middle East Gas Turbine Compressor Market Revenue Share By Region

17.2. Middle East

17.2.1. Middle East Gas Turbine Compressor Market Revenue By Country

17.2.2. Type

17.2.3. Middle East Gas Turbine Compressor Market Revenue By Type

17.2.4. Capacity

17.2.5. Middle East Gas Turbine Compressor Market Revenue By Capacity

17.2.6. Application

17.2.7. Middle East Gas Turbine Compressor Market Revenue By Application

17.2.8. End User

17.2.9. Middle East Gas Turbine Compressor Market Revenue By End User

17.3. GCC Countries

17.4. Israel

17.5. Turkey

17.6. Rest of Middle East

CHAPTER NO. 18 : AFRICA GAS TURBINE COMPRESSOR MARKET – COUNTRY ANALYSIS

18.1. Africa Gas Turbine Compressor Market Overview By Country Segment

18.1.1. Africa Gas Turbine Compressor Market Revenue Share By Region

18.2. Africa

18.2.1. Africa Gas Turbine Compressor Market Revenue By Country

18.2.2. Type

18.2.3. Africa Gas Turbine Compressor Market Revenue By Type

18.2.4. Capacity

18.2.5. Africa Gas Turbine Compressor Market Revenue By Capacity

18.2.6. Application

18.2.7. Africa Gas Turbine Compressor Market Revenue By Application

18.2.8. End User

18.2.9. Africa Gas Turbine Compressor Market Revenue By End User

18.3. South Africa

18.4. Egypt

18.5. Rest of Africa

CHAPTER NO. 19 : COMPANY PROFILES

19.1. General Electric

19.1.1. Company Overview

19.1.2. Product Portfolio

19.1.3. Financial Overview

19.1.4. Recent Developments

19.1.5. Growth Strategy

19.1.6. SWOT Analysis

19.2. Mitsubishi Heavy Industries Ltd.

19.3. Ansaldo Energia

19.4. MAN Energy Solutions

19.5. Solar Turbines Incorporated

19.6. Kawasaki Heavy Industries Ltd.

19.7. Rolls-Royce Holdings plc

19.8. Capstone Turbine Corporation

19.9. Doosan Heavy Industries & Construction Co., Ltd.

19.10. Alstom SA

19.11. Other Key Players

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Frequently Asked Questions:

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

The market was valued at USD 8,434.5 million in 2024 and is projected to reach USD 11,795.2 million by 2032.

At what Compound Annual Growth Rate is the Global Gas Turbine Compressor market projected to grow between 2024 and 2032?

The market is projected to grow at a CAGR of 4.31% during the forecast period.

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

By application, power generation held the largest share, while axial flow compressors dominated by type.

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

Key factors include rising power demand, expansion of gas-based infrastructure, and focus on efficiency and lower emissions.

Who are the leading companies in the Global Gas Turbine Compressor market?

Major players include General Electric, Mitsubishi Heavy Industries, Siemens Energy, Rolls-Royce Holdings, and MAN Energy Solutions.

Which region commanded the largest share of the Global Gas Turbine Compressor market in 2024?

Asia Pacific led the market in 2024, accounting for 34.9% of the global share.

About Author

Ganesh Chandwade

Senior Industry Consultant

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

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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.

Gas Turbines Market

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.

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.

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

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