Industry: Machinery & Equipment
Published Date: 2025-02-25
Pages: 92 Pages
Report ld: 4245319
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Gas Turbines Market Size(US$)

CAGR 2025-2031
2.7%
Market Size,2031
USD 20,440
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Gas Turbines was estimated to be worth US$ 17010 million in 2024 and is forecast to a readjusted size of US$ 20440 million by 2031 with a CAGR of 2.7% during the forecast period 2025-2031.
A gas turbine engine, or gas turbine, is an engine belonging to a heat engine.The increasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emissions of carbon dioxide, and availability of efficient power technology are driving the gas turbines market.
The heavy duty design type segment is expected to grow at the highest CAGR, from 2017 to 2022.
This report aims to provide a comprehensive presentation of the global market for Gas Turbines, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Gas Turbines by region & country, by Type, and by Application.
The Gas Turbines market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. 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 Turbines.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, 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 Turbines 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 Turbines 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 Turbines 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 Turbines Product Introduction
1.2 Global Gas Turbines Market Size Forecast
1.2.1 Global Gas Turbines Sales Value (2020-2031)
1.2.2 Global Gas Turbines Sales Volume (2020-2031)
1.2.3 Global Gas Turbines Sales Price (2020-2031)
1.3 Gas Turbines Market Trends & Drivers
1.3.1 Gas Turbines Industry Trends
1.3.2 Gas Turbines Market Drivers & Opportunity
1.3.3 Gas Turbines Market Challenges
1.3.4 Gas Turbines Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Gas Turbines Players Revenue Ranking (2024)
2.2 Global Gas Turbines Revenue by Company (2020-2025)
2.3 Global Gas Turbines Players Sales Volume Ranking (2024)
2.4 Global Gas Turbines Sales Volume by Company Players (2020-2025)
2.5 Global Gas Turbines Average Price by Company (2020-2025)
2.6 Key Manufacturers Gas Turbines Manufacturing Base and Headquarters
2.7 Key Manufacturers Gas Turbines Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Gas Turbines
2.9 Gas Turbines Market Competitive Analysis
2.9.1 Gas Turbines Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Gas Turbines Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Gas Turbines as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Below 70 MW
3.1.2 70-300 MW
3.1.3 Above 300 MW
3.2 Global Gas Turbines Sales Value by Type
3.2.1 Global Gas Turbines Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Gas Turbines Sales Value, by Type (2020-2031)
3.2.3 Global Gas Turbines Sales Value, by Type (%) (2020-2031)
3.3 Global Gas Turbines Sales Volume by Type
3.3.1 Global Gas Turbines Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Gas Turbines Sales Volume, by Type (2020-2031)
3.3.3 Global Gas Turbines Sales Volume, by Type (%) (2020-2031)
3.4 Global Gas Turbines Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Generation
4.1.2 Mechanical Drive
4.2 Global Gas Turbines Sales Value by Application
4.2.1 Global Gas Turbines Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Gas Turbines Sales Value, by Application (2020-2031)
4.2.3 Global Gas Turbines Sales Value, by Application (%) (2020-2031)
4.3 Global Gas Turbines Sales Volume by Application
4.3.1 Global Gas Turbines Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Gas Turbines Sales Volume, by Application (2020-2031)
4.3.3 Global Gas Turbines Sales Volume, by Application (%) (2020-2031)
4.4 Global Gas Turbines Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Gas Turbines Sales Value by Region
5.1.1 Global Gas Turbines Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Gas Turbines Sales Value by Region (2020-2025)
5.1.3 Global Gas Turbines Sales Value by Region (2026-2031)
5.1.4 Global Gas Turbines Sales Value by Region (%), (2020-2031)
5.2 Global Gas Turbines Sales Volume by Region
5.2.1 Global Gas Turbines Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Gas Turbines Sales Volume by Region (2020-2025)
5.2.3 Global Gas Turbines Sales Volume by Region (2026-2031)
5.2.4 Global Gas Turbines Sales Volume by Region (%), (2020-2031)
5.3 Global Gas Turbines Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Gas Turbines Sales Value, 2020-2031
5.4.2 North America Gas Turbines Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Gas Turbines Sales Value, 2020-2031
5.5.2 Europe Gas Turbines Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Gas Turbines Sales Value, 2020-2031
5.6.2 Asia Pacific Gas Turbines Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Gas Turbines Sales Value, 2020-2031
5.7.2 South America Gas Turbines Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Gas Turbines Sales Value, 2020-2031
5.8.2 Middle East & Africa Gas Turbines Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Gas Turbines Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Gas Turbines Sales Value
6.2.1 Key Countries/Regions Gas Turbines Sales Value, 2020-2031
6.2.2 Key Countries/Regions Gas Turbines Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Gas Turbines Sales Value, 2020-2031
6.3.2 United States Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Gas Turbines Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Gas Turbines Sales Value, 2020-2031
6.4.2 Europe Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Gas Turbines Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Gas Turbines Sales Value, 2020-2031
6.5.2 China Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.5.3 China Gas Turbines Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Gas Turbines Sales Value, 2020-2031
6.6.2 Japan Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Gas Turbines Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Gas Turbines Sales Value, 2020-2031
6.7.2 South Korea Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Gas Turbines Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Gas Turbines Sales Value, 2020-2031
6.8.2 Southeast Asia Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Gas Turbines Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Gas Turbines Sales Value, 2020-2031
6.9.2 India Gas Turbines Sales Value by Type (%), 2024 VS 2031
6.9.3 India Gas Turbines Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Ansaldo Energia
7.1.1 Ansaldo Energia Company Information
7.1.2 Ansaldo Energia Introduction and Business Overview
7.1.3 Ansaldo Energia Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Ansaldo Energia Gas Turbines Product Offerings
7.1.5 Ansaldo Energia Recent Development
7.2 Bharat Heavy Electricals Limited
7.2.1 Bharat Heavy Electricals Limited Company Information
7.2.2 Bharat Heavy Electricals Limited Introduction and Business Overview
7.2.3 Bharat Heavy Electricals Limited Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Bharat Heavy Electricals Limited Gas Turbines Product Offerings
7.2.5 Bharat Heavy Electricals Limited Recent Development
7.3 General Electric
7.3.1 General Electric Company Information
7.3.2 General Electric Introduction and Business Overview
7.3.3 General Electric Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 General Electric Gas Turbines Product Offerings
7.3.5 General Electric Recent Development
7.4 Harbin Electric International Company Limited
7.4.1 Harbin Electric International Company Limited Company Information
7.4.2 Harbin Electric International Company Limited Introduction and Business Overview
7.4.3 Harbin Electric International Company Limited Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Harbin Electric International Company Limited Gas Turbines Product Offerings
7.4.5 Harbin Electric International Company Limited Recent Development
7.5 Kawasaki Heavy Industries Ltd
7.5.1 Kawasaki Heavy Industries Ltd Company Information
7.5.2 Kawasaki Heavy Industries Ltd Introduction and Business Overview
7.5.3 Kawasaki Heavy Industries Ltd Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Kawasaki Heavy Industries Ltd Gas Turbines Product Offerings
7.5.5 Kawasaki Heavy Industries Ltd Recent Development
7.6 Man Diesel and Turbo
7.6.1 Man Diesel and Turbo Company Information
7.6.2 Man Diesel and Turbo Introduction and Business Overview
7.6.3 Man Diesel and Turbo Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Man Diesel and Turbo Gas Turbines Product Offerings
7.6.5 Man Diesel and Turbo Recent Development
7.7 Mitsubishi Hitachi Power Systems Ltd
7.7.1 Mitsubishi Hitachi Power Systems Ltd Company Information
7.7.2 Mitsubishi Hitachi Power Systems Ltd Introduction and Business Overview
7.7.3 Mitsubishi Hitachi Power Systems Ltd Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Mitsubishi Hitachi Power Systems Ltd Gas Turbines Product Offerings
7.7.5 Mitsubishi Hitachi Power Systems Ltd Recent Development
7.8 Opra Turbines
7.8.1 Opra Turbines Company Information
7.8.2 Opra Turbines Introduction and Business Overview
7.8.3 Opra Turbines Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 Opra Turbines Gas Turbines Product Offerings
7.8.5 Opra Turbines Recent Development
7.9 Siemens
7.9.1 Siemens Company Information
7.9.2 Siemens Introduction and Business Overview
7.9.3 Siemens Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Siemens Gas Turbines Product Offerings
7.9.5 Siemens Recent Development
7.10 Vericor Power Systems
7.10.1 Vericor Power Systems Company Information
7.10.2 Vericor Power Systems Introduction and Business Overview
7.10.3 Vericor Power Systems Gas Turbines Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Vericor Power Systems Gas Turbines Product Offerings
7.10.5 Vericor Power Systems Recent Development
8 Industry Chain Analysis
8.1 Gas Turbines Industrial Chain
8.2 Gas Turbines 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 Turbines Sales Model
8.5.2 Sales Channel
8.5.3 Gas Turbines Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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