Industry: Machinery & Equipment
Published Date: 2024-01-06
Pages: 123 Pages
Report ld: 2164097
Request Sample
Customized Report
Gas Turbine Market Size(US$)

CAGR 2024-2030
9.9%
Market Size,2030
USD 39,260
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
The global market for Gas Turbine was estimated to be worth US$ 20120 million in 2023 and is forecast to a readjusted size of US$ 39260 million by 2030 with a CAGR of 9.9% during the forecast period 2024-2030
Global Gas Turbine key players include GE, Siemens, Mitsubishi-Hitachi, Alstom, Solar Turbines, etc. Global top five players hold a share about 80%.
Europe is the largest market, with a share about 40%, followed by North America and China, having a total share about 40 percent.
In terms of product, Heavy Duty Gas Turbine is the largest segment, with a share about 63%. And in terms of application, the largest application is Power Generation, followed by Oil & Gas, etc.
MARKET SEGMENTATION
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Gas Turbine, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Gas Turbine by region & country, by Type, and by Application.
The Gas Turbine market size, estimations, and forecasts are provided in terms of sales volume (Units) and sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine.
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Gas Turbine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Gas Turbine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Gas Turbine in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Market Overview
1.1 Gas Turbine Product Introduction
1.2 Global Gas Turbine Market Size Forecast
1.2.1 Global Gas Turbine Sales Value (2019-2030)
1.2.2 Global Gas Turbine Sales Volume (2019-2030)
1.2.3 Global Gas Turbine Sales Price (2019-2030)
1.3 Gas Turbine Market Trends & Drivers
1.3.1 Gas Turbine Industry Trends
1.3.2 Gas Turbine Market Drivers & Opportunity
1.3.3 Gas Turbine Market Challenges
1.3.4 Gas Turbine Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Gas Turbine Players Revenue Ranking (2023)
2.2 Global Gas Turbine Revenue by Company (2019-2024)
2.3 Global Gas Turbine Players Sales Volume Ranking (2023)
2.4 Global Gas Turbine Sales Volume by Company Players (2019-2024)
2.5 Global Gas Turbine Average Price by Company (2019-2024)
2.6 Key Manufacturers Gas Turbine Manufacturing Base Distribution and Headquarters
2.7 Key Manufacturers Gas Turbine Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Gas Turbine
2.9 Gas Turbine Market Competitive Analysis
2.9.1 Gas Turbine Market Concentration Rate (2019-2024)
2.9.2 Global 5 and 10 Largest Manufacturers by Gas Turbine Revenue in 2023
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Gas Turbine as of 2023)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Heavy Duty Gas Turbine
3.1.2 Aeroderivative Gas Turbine
3.1.3 Light Duty Gas Turbine
3.2 Global Gas Turbine Sales Value by Type
3.2.1 Global Gas Turbine Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global Gas Turbine Sales Value, by Type (2019-2030)
3.2.3 Global Gas Turbine Sales Value, by Type (%) (2019-2030)
3.3 Global Gas Turbine Sales Volume by Type
3.3.1 Global Gas Turbine Sales Volume by Type (2019 VS 2023 VS 2030)
3.3.2 Global Gas Turbine Sales Volume, by Type (2019-2030)
3.3.3 Global Gas Turbine Sales Volume, by Type (%) (2019-2030)
3.4 Global Gas Turbine Average Price by Type (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Generation
4.1.2 Oil & Gas
4.1.3 Other
4.2 Global Gas Turbine Sales Value by Application
4.2.1 Global Gas Turbine Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global Gas Turbine Sales Value, by Application (2019-2030)
4.2.3 Global Gas Turbine Sales Value, by Application (%) (2019-2030)
4.3 Global Gas Turbine Sales Volume by Application
4.3.1 Global Gas Turbine Sales Volume by Application (2019 VS 2023 VS 2030)
4.3.2 Global Gas Turbine Sales Volume, by Application (2019-2030)
4.3.3 Global Gas Turbine Sales Volume, by Application (%) (2019-2030)
4.4 Global Gas Turbine Average Price by Application (2019-2030)
5 Segmentation by Region
5.1 Global Gas Turbine Sales Value by Region
5.1.1 Global Gas Turbine Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global Gas Turbine Sales Value by Region (2019-2024)
5.1.3 Global Gas Turbine Sales Value by Region (2025-2030)
5.1.4 Global Gas Turbine Sales Value by Region (%), (2019-2030)
5.2 Global Gas Turbine Sales Volume by Region
5.2.1 Global Gas Turbine Sales Volume by Region: 2019 VS 2023 VS 2030
5.2.2 Global Gas Turbine Sales Volume by Region (2019-2024)
5.2.3 Global Gas Turbine Sales Volume by Region (2025-2030)
5.2.4 Global Gas Turbine Sales Volume by Region (%), (2019-2030)
5.3 Global Gas Turbine Average Price by Region (2019-2030)
5.4 North America
5.4.1 North America Gas Turbine Sales Value, 2019-2030
5.4.2 North America Gas Turbine Sales Value by Country (%), 2023 VS 2030
5.5 Europe
5.5.1 Europe Gas Turbine Sales Value, 2019-2030
5.5.2 Europe Gas Turbine Sales Value by Country (%), 2023 VS 2030
5.6 Asia Pacific
5.6.1 Asia Pacific Gas Turbine Sales Value, 2019-2030
5.6.2 Asia Pacific Gas Turbine Sales Value by Country (%), 2023 VS 2030
5.7 South America
5.7.1 South America Gas Turbine Sales Value, 2019-2030
5.7.2 South America Gas Turbine Sales Value by Country (%), 2023 VS 2030
5.8 Middle East & Africa
5.8.1 Middle East & Africa Gas Turbine Sales Value, 2019-2030
5.8.2 Middle East & Africa Gas Turbine Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Gas Turbine Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions Gas Turbine Sales Value
6.2.1 Key Countries/Regions Gas Turbine Sales Value, 2019-2030
6.2.2 Key Countries/Regions Gas Turbine Sales Volume, 2019-2030
6.3 United States
6.3.1 United States Gas Turbine Sales Value, 2019-2030
6.3.2 United States Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.3.3 United States Gas Turbine Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe Gas Turbine Sales Value, 2019-2030
6.4.2 Europe Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe Gas Turbine Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China Gas Turbine Sales Value, 2019-2030
6.5.2 China Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.5.3 China Gas Turbine Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan Gas Turbine Sales Value, 2019-2030
6.6.2 Japan Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan Gas Turbine Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea Gas Turbine Sales Value, 2019-2030
6.7.2 South Korea Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea Gas Turbine Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia Gas Turbine Sales Value, 2019-2030
6.8.2 Southeast Asia Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia Gas Turbine Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India Gas Turbine Sales Value, 2019-2030
6.9.2 India Gas Turbine Sales Value by Type (%), 2023 VS 2030
6.9.3 India Gas Turbine Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 General Electric
7.1.1 General Electric Company Information
7.1.2 General Electric Introduction and Business Overview
7.1.3 General Electric Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.1.4 General Electric Gas Turbine Product Offerings
7.1.5 General Electric Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Introduction and Business Overview
7.2.3 Siemens Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.2.4 Siemens Gas Turbine Product Offerings
7.2.5 Siemens Recent Development
7.3 Mitsubishi Hitachi Power Systems
7.3.1 Mitsubishi Hitachi Power Systems Company Information
7.3.2 Mitsubishi Hitachi Power Systems Introduction and Business Overview
7.3.3 Mitsubishi Hitachi Power Systems Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.3.4 Mitsubishi Hitachi Power Systems Gas Turbine Product Offerings
7.3.5 Mitsubishi Hitachi Power Systems Recent Development
7.4 Wood Group
7.4.1 Wood Group Company Information
7.4.2 Wood Group Introduction and Business Overview
7.4.3 Wood Group Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.4.4 Wood Group Gas Turbine Product Offerings
7.4.5 Wood Group Recent Development
7.5 Kawasaki Heavy Industries
7.5.1 Kawasaki Heavy Industries Company Information
7.5.2 Kawasaki Heavy Industries Introduction and Business Overview
7.5.3 Kawasaki Heavy Industries Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.5.4 Kawasaki Heavy Industries Gas Turbine Product Offerings
7.5.5 Kawasaki Heavy Industries Recent Development
7.6 Solar Turbines
7.6.1 Solar Turbines Company Information
7.6.2 Solar Turbines Introduction and Business Overview
7.6.3 Solar Turbines Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.6.4 Solar Turbines Gas Turbine Product Offerings
7.6.5 Solar Turbines Recent Development
7.7 Ansaldo Energia
7.7.1 Ansaldo Energia Company Information
7.7.2 Ansaldo Energia Introduction and Business Overview
7.7.3 Ansaldo Energia Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.7.4 Ansaldo Energia Gas Turbine Product Offerings
7.7.5 Ansaldo Energia Recent Development
7.8 MTU Aero Engines
7.8.1 MTU Aero Engines Company Information
7.8.2 MTU Aero Engines Introduction and Business Overview
7.8.3 MTU Aero Engines Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.8.4 MTU Aero Engines Gas Turbine Product Offerings
7.8.5 MTU Aero Engines Recent Development
7.9 Sulzer
7.9.1 Sulzer Company Information
7.9.2 Sulzer Introduction and Business Overview
7.9.3 Sulzer Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.9.4 Sulzer Gas Turbine Product Offerings
7.9.5 Sulzer Recent Development
7.10 MAN Diesel and Turbo
7.10.1 MAN Diesel and Turbo Company Information
7.10.2 MAN Diesel and Turbo Introduction and Business Overview
7.10.3 MAN Diesel and Turbo Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.10.4 MAN Diesel and Turbo Gas Turbine Product Offerings
7.10.5 MAN Diesel and Turbo Recent Development
7.11 MJB International
7.11.1 MJB International Company Information
7.11.2 MJB International Introduction and Business Overview
7.11.3 MJB International Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.11.4 MJB International Gas Turbine Product Offerings
7.11.5 MJB International Recent Development
7.12 Proenergy Services
7.12.1 Proenergy Services Company Information
7.12.2 Proenergy Services Introduction and Business Overview
7.12.3 Proenergy Services Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.12.4 Proenergy Services Gas Turbine Product Offerings
7.12.5 Proenergy Services Recent Development
7.13 MAN Energy
7.13.1 MAN Energy Company Information
7.13.2 MAN Energy Introduction and Business Overview
7.13.3 MAN Energy Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.13.4 MAN Energy Gas Turbine Product Offerings
7.13.5 MAN Energy Recent Development
7.14 BHEL
7.14.1 BHEL Company Information
7.14.2 BHEL Introduction and Business Overview
7.14.3 BHEL Gas Turbine Sales, Revenue and Gross Margin (2019-2024)
7.14.4 BHEL Gas Turbine Product Offerings
7.14.5 BHEL Recent Development
8 Industry Chain Analysis
8.1 Gas Turbine Industrial Chain
8.2 Gas Turbine Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Gas Turbine Sales Model
8.5.2 Sales Channel
8.5.3 Gas Turbine Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
Related Reports
The global Gas Turbine market size was US$ 19050 million in 2025 and is forecast to reach a readjusted size of US$ 32320 million by 2032 with a CAGR of 8.0% during the forecast period 2026-2032.
Published Date: 2026-01-04
Pages: 78
USD 4250.00
(Single User License)
The global Gas Turbine market was valued at US$ 19050 million in 2025 and is anticipated to reach US$ 32320 million by 2032, at a CAGR of 8.0% from 2026 to 2032.
Published Date: 2026-01-04
Pages: 131
USD 2900.00
(Single User License)
The global market for Gas Turbine was estimated to be worth US$ 19050 million in 2025 and is projected to reach US$ 32320 million, growing at a CAGR of 8.0% from 2026 to 2032.
Published Date: 2026-01-04
Pages: 95
USD 3950.00
(Single User License)
The global Gas Turbine market is projected to grow from US$ 16740 million in 2024 to US$ 30160 million by 2031, at a CAGR of 8.0% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
Published Date: 2025-09-11
Pages: 138
USD 4900.00
(Single User License)
The global Gas Turbine market is projected to grow from US$ 19050 million in 2025 to US$ 30160 million by 2031, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period.
Published Date: 2025-06-04
Pages: 139
USD 4900.00
(Single User License)
The global Gas Turbine market size was US$ 16740 million in 2024 and is forecast to a readjusted size of US$ 30160 million by 2031 with a CAGR of 8.0% during the forecast period 2025-2031.
Published Date: 2025-06-04
Pages: 79
USD 4250.00
(Single User License)
The global market for Gas Turbine was valued at US$ 16740 million in the year 2024 and is projected to reach a revised size of US$ 30160 million by 2031, growing at a CAGR of 8.0% during the forecast period.
Published Date: 2025-06-04
Pages: 90
USD 2900.00
(Single User License)
The global market for Gas Turbine was estimated to be worth US$ 16740 million in 2024 and is forecast to a readjusted size of US$ 30160 million by 2031 with a CAGR of 8.0% during the forecast period 2025-2031.
Published Date: 2025-06-03
Pages: 134
USD 3950.00
(Single User License)
In 2024, the global market size of Gas Turbine was estimated to be worth US$ 24270 million and is forecast to reach approximately US$ 46570 million by 2031 with a CAGR of 9.9% during the forecast period 2025-2031.
Published Date: 2025-03-28
Pages: 149
USD 5900.00
(Single User License)
The global market for Gas Turbine was estimated to be worth US$ 24270 million in 2024 and is forecast to a readjusted size of US$ 46570 million by 2031 with a CAGR of 9.9% during the forecast period 2025-2031.
Published Date: 2025-01-16
Pages: 128
USD 3950.00
(Single User License)
The global Gas Turbine market size was US$ 19050 million in 2025 and is forecast to reach a readjusted size of US$ 32320 million by 2032 with a CAGR of 8.0% during the forecast period 2026-2032.
Published: 2026-01-04
Pages: 78
The global Gas Turbine market was valued at US$ 19050 million in 2025 and is anticipated to reach US$ 32320 million by 2032, at a CAGR of 8.0% from 2026 to 2032.
Published: 2026-01-04
Pages: 131
The global market for Gas Turbine was estimated to be worth US$ 19050 million in 2025 and is projected to reach US$ 32320 million, growing at a CAGR of 8.0% from 2026 to 2032.
Published: 2026-01-04
Pages: 95
The global Gas Turbine market is projected to grow from US$ 16740 million in 2024 to US$ 30160 million by 2031, at a CAGR of 8.0% (2025-2031), driven by critical product segments and diverse end‑use applications, while evolving U.S. tariff policies introduce trade‑cost volatility and supply‑chain uncertainty.
Published: 2025-09-11
Pages: 138
The global Gas Turbine market is projected to grow from US$ 19050 million in 2025 to US$ 30160 million by 2031, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period.
Published: 2025-06-04
Pages: 139
The global Gas Turbine market size was US$ 16740 million in 2024 and is forecast to a readjusted size of US$ 30160 million by 2031 with a CAGR of 8.0% during the forecast period 2025-2031.
Published: 2025-06-04
Pages: 79
The global market for Gas Turbine was valued at US$ 16740 million in the year 2024 and is projected to reach a revised size of US$ 30160 million by 2031, growing at a CAGR of 8.0% during the forecast period.
Published: 2025-06-04
Pages: 90
The global market for Gas Turbine was estimated to be worth US$ 16740 million in 2024 and is forecast to a readjusted size of US$ 30160 million by 2031 with a CAGR of 8.0% during the forecast period 2025-2031.
Published: 2025-06-03
Pages: 134
In 2024, the global market size of Gas Turbine was estimated to be worth US$ 24270 million and is forecast to reach approximately US$ 46570 million by 2031 with a CAGR of 9.9% during the forecast period 2025-2031.
Published: 2025-03-28
Pages: 149
The global market for Gas Turbine was estimated to be worth US$ 24270 million in 2024 and is forecast to a readjusted size of US$ 46570 million by 2031 with a CAGR of 9.9% during the forecast period 2025-2031.
Published: 2025-01-16
Pages: 128
REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
REPORT SCOPE
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
INTEREST IN THIS REPORT?
Get A Free Sample
Request For Quotation
OR
NEED A CUSTOMIZED REPORT?
Customized Report
Request Sample
Pre-Order Enquiry
Add to Cart
Buy Now