Industry Research Reports
Global Gas Turbines Market Insights, Forecast to 2031
Industry: Machinery & Equipment
Published Date: 2025-06-04
Pages: 138 Pages
Report ld: 4751693
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Gas Turbines Market Size(US$)
CAGR 2025-2031
8.0%
Market Size,2031
USD 30,155
Million
Market Snapshot
Market Size in 2025 (Value)
US$ 19,045 million
Market Forecast in 2031(Value)
US$ 30,155 million
CAGR
8.0%
Years Considered
2020-2031
Base Year
2025
Forecast Period
2025-2031
Source: Secondary research, interviews with experts, and QYResearch analysis
The global Gas Turbines market is projected to grow from US$ 19045 million in 2025 to US$ 30155 million by 2031, at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period.
The evolving U.S. tariff policy posed substantial volatility risks to global markets. This report provides a comprehensive assessment of trade barrier escalations and cross-border counterstrategies, analyzing their multidimensional impacts on industrial competition patterns, geo-economic integration, and transnational value chain realignments.
A gas turbine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
This air is first drawn into the engine where it is compressed, mixed with fuel and ignited. The resulting hot gas expands at a high velocity through a series of airfoil-shaped blades transferring energy created from combustion to turn an output shaft. The residual thermal energy in the hot exhaust gas can be harnessed for a variety of industrial processes.
The global gas turbine market is experiencing steady growth, this upward trend is driven by the global transition toward cleaner natural gas power generation, the rising need for flexible energy sources, and sustained investment from the oil & gas industry in efficient mechanical drive technologies.Gas turbines are critical thermal power machinery used in electricity generation, aviation propulsion, marine drives, and oil & gas industries. Known for their high power density, rapid start-up capability, and fuel flexibility, gas turbines are regaining strategic importance in the global energy transition, acting as a flexible bridge between fossil fuels and renewables.
By product type, Heavy Duty Gas Turbines continue to dominate, primarily used in large-scale power plants. Aeroderivative Gas Turbines with strong growth due to their flexibility and suitability for distributed generation and oil & gas operations.
In terms of application, power generation remains the largest segment. Gas turbines are widely used in both base-load and peak-load power plants due to their high efficiency, fast start-up capabilities, and lower emissions compared to coal-fired units. In many regions, especially in Asia-Pacific, the Middle East, and the U.S., governments and utilities are investing in combined cycle gas turbine (CCGT) plants to replace aging coal infrastructure and meet cleaner energy targets. Additionally, the increasing integration of renewable energy sources is driving demand for gas turbines as flexible backup solutions to ensure grid stability.
Regionally, North America and Europe remain mature markets, while Asia-Pacific—especially China and India—is the fastest-growing region due to rapid industrialization, coal-to-gas policies, and decarbonization goals. China, in particular, is investing in indigenous heavy-duty gas turbine development, aiming for greater energy self-sufficiency.
Major manufacturers including GE Vernova, Siemens Energy, and MHPS lead the global market, with strong competition from Dongfang Electric, Solar Turbines, Baker Hughes, and others. In 2024, the global three largest players hold a share approximately 71.60% in terms of revenue. These companies are increasingly investing in aeroderivative designs and low-carbon technologies to meet global emissions and efficiency targets.
Technological development is focused on high-temperature materials, turbine blade cooling, digital diagnostics, and hydrogen co-firing capability. Hydrogen-ready gas turbines, capable of 30–100% hydrogen combustion, are emerging as zero-carbon solutions for future peaking power and industrial heating demands.
In terms of production side, this report researches the Gas Turbines production, growth rate, market share by manufacturers and by region (region level and country level), from 2020 to 2025, and forecast to 2031.
In terms of consumption side, this report focuses on the sales of Gas Turbines by region (region level and country level), by company, by Type and by Application. from 2020 to 2025 and forecast to 2031.
This report presents an overview of global market for Gas Turbines, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue/sales data for 2020 - 2025, estimates for 2025, and projections of CAGR through 2031.
This report researches the key producers of Gas Turbines, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Gas Turbines, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Gas Turbines sales, revenue, market share and industry ranking of main manufacturers, data from 2020 to 2025. Identification of the major stakeholders in the global Gas Turbines market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2020 to 2031. Evaluation and forecast the market size for Gas Turbines sales, projected growth trends, production technology, application and end-user industry.
Descriptive company profiles of the major global players, including GE Vernova, Siemens Energy, MHPS, Dongfang Electric Corporation, Solar Turbines, Baker Hughes, Ansaldo, Kawasaki, BHEL, etc.
MARKET SEGMENTATION
By Company
- GE Vernova
- Siemens Energy
- MHPS
- Dongfang Electric Corporation
- Solar Turbines
- Baker Hughes
- Ansaldo
- Kawasaki
- BHEL
Consumption by Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Segment by Type
- Heavy Duty Gas Turbine
- Aeroderivative Gas Turbine
- Light Duty Gas Turbine
Segment by Application
- Power Generation
- Oil & Gas
- Other
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type and by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Gas Turbines production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 3: Sales (consumption), revenue of Gas Turbines in global, regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 4: Detailed analysis of Gas Turbines manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 5: Provides the analysis of various market segments by Type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: North America (US & Canada) by Type, by Application and by country, sales, and revenue for each segment.
Chapter 8: Europe by Type, by Application and by country, sales, and revenue for each segment.
Chapter 9: China by Type, and by Application, sales, and revenue for each segment.
Chapter 10: Asia (excluding China) by Type, by Application and by region, sales, and revenue for each segment.
Chapter 11: Middle East, Africa, Latin America by Type, by Application and by country, sales, and revenue for each segment.
Chapter 12: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Gas Turbines sales, revenue, price, gross margin, and recent development, etc.
Chapter 13: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 14: Introduces 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 15: The main points and conclusions of the report.
QYRESEARCH'S STRENGTHS
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TABLE OF CONTENTS
1 Study Coverage
1.1 Gas Turbines Product Introduction
1.2 Market by Type
1.2.1 Global Gas Turbines Market Size by Type, 2020 VS 2024 VS 2031
1.2.2 Heavy Duty Gas Turbine
1.2.3 Aeroderivative Gas Turbine
1.2.4 Light Duty Gas Turbine
1.3 Market by Application
1.3.1 Global Gas Turbines Market Size by Application, 2020 VS 2024 VS 2031
1.3.2 Power Generation
1.3.3 Oil & Gas
1.3.4 Other
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Gas Turbines Production
2.1 Global Gas Turbines Production Capacity (2020-2031)
2.2 Global Gas Turbines Production by Region: 2020 VS 2024 VS 2031, Based on Production Site
2.3 Global Production by Region
2.3.1 Global Gas Turbines Production by Region (2020-2031)
2.3.2 Global Gas Turbines Production Market Share by Region (2020-2031)
2.4 North America
2.5 Europe
2.6 China
2.7 Japan
2.8 India
3 Executive Summary
3.1 Global Gas Turbines Revenue Estimates and Forecasts 2020-2031
3.2 Global Revenue by Region
3.2.1 Global Gas Turbines Revenue by Region: 2020 VS 2024 VS 2031
3.2.2 Global Gas Turbines Revenue by Region (2020-2031)
3.2.3 Global Gas Turbines Revenue Market Share by Region (2020-2031)
3.3 Global Gas Turbines Sales Estimates and Forecasts 2020-2031
3.4 Global Sales by Region
3.4.1 Global Gas Turbines Sales by Region: 2020 VS 2024 VS 2031
3.4.2 Global Gas Turbines Sales by Region (2020-2031)
3.4.3 Global Gas Turbines Sales Market Share by Region (2020-2031)
3.5 US & Canada
3.6 Europe
3.7 China
3.8 Asia (excluding China)
3.9 Middle East, Africa and Latin America
4 Competition by Manufacturers
4.1 Global Sales by Manufacturers
4.1.1 Global Gas Turbines Sales by Manufacturers (2020-2025)
4.1.2 Global Gas Turbines Sales Market Share by Manufacturers (2020-2025)
4.1.3 Global Top 10 and Top 5 Largest Manufacturers of Gas Turbines in 2024
4.2 Global Revenue by Manufacturers
4.2.1 Global Gas Turbines Revenue by Manufacturers (2020-2025)
4.2.2 Global Gas Turbines Revenue Market Share by Manufacturers (2020-2025)
4.2.3 Global Top 10 and Top 5 Companies by Gas Turbines Revenue in 2024
4.3 Global Gas Turbines Sales Price by Manufacturers (2020-2025)
4.4 Global Key Players of Gas Turbines, Industry Ranking, 2023 VS 2024
4.5 Analysis of Competitive Landscape
4.5.1 Manufacturers Market Concentration Ratio (CR5 and HHI)
4.5.2 Global Gas Turbines Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
4.6 Global Key Manufacturers of Gas Turbines, Manufacturing Base Distribution and Headquarters
4.7 Global Key Manufacturers of Gas Turbines, Product Offered and Application
4.8 Global Key Manufacturers of Gas Turbines, Date of Enter into This Industry
4.9 Mergers & Acquisitions, Expansion Plans
5 Market Size by Type
5.1 Global Sales by Type
5.1.1 Global Gas Turbines Historical Sales by Type (2020-2025)
5.1.2 Global Gas Turbines Forecasted Sales by Type (2026-2031)
5.1.3 Global Gas Turbines Sales Market Share by Type (2020-2031)
5.2 Global Revenue by Type
5.2.1 Global Gas Turbines Historical Revenue by Type (2020-2025)
5.2.2 Global Gas Turbines Forecasted Revenue by Type (2026-2031)
5.2.3 Global Gas Turbines Revenue Market Share by Type (2020-2031)
5.3 Global Price by Type
5.3.1 Global Gas Turbines Price by Type (2020-2025)
5.3.2 Global Gas Turbines Price Forecast by Type (2026-2031)
6 Market Size by Application
6.1 Global Sales by Application
6.1.1 Global Gas Turbines Historical Sales by Application (2020-2025)
6.1.2 Global Gas Turbines Forecasted Sales by Application (2026-2031)
6.1.3 Global Gas Turbines Sales Market Share by Application (2020-2031)
6.2 Global Revenue by Application
6.2.1 Global Gas Turbines Historical Revenue by Application (2020-2025)
6.2.2 Global Gas Turbines Forecasted Revenue by Application (2026-2031)
6.2.3 Global Gas Turbines Revenue Market Share by Application (2020-2031)
6.3 Global Price by Application
6.3.1 Global Gas Turbines Price by Application (2020-2025)
6.3.2 Global Gas Turbines Price Forecast by Application (2026-2031)
7 US & Canada
7.1 US & Canada Market Size by Type
7.1.1 US & Canada Gas Turbines Sales by Type (2020-2031)
7.1.2 US & Canada Gas Turbines Revenue by Type (2020-2031)
7.2 US & Canada Market Size by Application
7.2.1 US & Canada Gas Turbines Sales by Application (2020-2031)
7.2.2 US & Canada Gas Turbines Revenue by Application (2020-2031)
7.3 US & Canada Market Size by Country
7.3.1 US & Canada Gas Turbines Revenue by Country: 2020 VS 2024 VS 2031
7.3.2 US & Canada Gas Turbines Revenue by Country (2020-2031)
7.3.3 US & Canada Gas Turbines Sales by Country (2020-2031)
7.3.4 US
7.3.5 Canada
8 Europe
8.1 Europe Market Size by Type
8.1.1 Europe Gas Turbines Sales by Type (2020-2031)
8.1.2 Europe Gas Turbines Revenue by Type (2020-2031)
8.2 Europe Market Size by Application
8.2.1 Europe Gas Turbines Sales by Application (2020-2031)
8.2.2 Europe Gas Turbines Revenue by Application (2020-2031)
8.3 Europe Market Size by Country
8.3.1 Europe Gas Turbines Revenue by Country: 2020 VS 2024 VS 2031
8.3.2 Europe Gas Turbines Sales by Country (2020-2031)
8.3.3 Europe Gas Turbines Revenue by Country (2020-2031)
8.3.4 Germany
8.3.5 France
8.3.6 U.K.
8.3.7 Italy
8.3.8 Russia
9 China
9.1 China Market Size by Type
9.1.1 China Gas Turbines Sales by Type (2020-2031)
9.1.2 China Gas Turbines Revenue by Type (2020-2031)
9.2 China Market Size by Application
9.2.1 China Gas Turbines Sales by Application (2020-2031)
9.2.2 China Gas Turbines Revenue by Application (2020-2031)
10 Asia (excluding China)
10.1 Asia Market Size by Type
10.1.1 Asia Gas Turbines Sales by Type (2020-2031)
10.1.2 Asia Gas Turbines Revenue by Type (2020-2031)
10.2 Asia Market Size by Application
10.2.1 Asia Gas Turbines Sales by Application (2020-2031)
10.2.2 Asia Gas Turbines Revenue by Application (2020-2031)
10.3 Asia Market Size by Region
10.3.1 Asia Gas Turbines Revenue by Region: 2020 VS 2024 VS 2031
10.3.2 Asia Gas Turbines Revenue by Region (2020-2031)
10.3.3 Asia Gas Turbines Sales by Region (2020-2031)
10.3.4 Japan
10.3.5 South Korea
10.3.6 China Taiwan
10.3.7 Southeast Asia
10.3.8 India
11 Middle East, Africa and Latin America
11.1 Middle East, Africa and Latin America Market Size by Type
11.1.1 Middle East, Africa and Latin America Gas Turbines Sales by Type (2020-2031)
11.1.2 Middle East, Africa and Latin America Gas Turbines Revenue by Type (2020-2031)
11.2 Middle East, Africa and Latin America Market Size by Application
11.2.1 Middle East, Africa and Latin America Gas Turbines Sales by Application (2020-2031)
11.2.2 Middle East, Africa and Latin America Gas Turbines Revenue by Application (2020-2031)
11.3 Middle East, Africa and Latin America Market Size by Country
11.3.1 Middle East, Africa and Latin America Gas Turbines Revenue by Country: 2020 VS 2024 VS 2031
11.3.2 Middle East, Africa and Latin America Gas Turbines Revenue by Country (2020-2031)
11.3.3 Middle East, Africa and Latin America Gas Turbines Sales by Country (2020-2031)
11.3.4 Brazil
11.3.5 Mexico
11.3.6 Turkey
11.3.7 Israel
11.3.8 GCC Countries
12 Corporate Profile
12.1 GE Vernova
12.1.1 GE Vernova Corporation Information
12.1.2 GE Vernova Overview
12.1.3 GE Vernova Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.1.4 GE Vernova Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.1.5 GE Vernova Recent Developments
12.2 Siemens Energy
12.2.1 Siemens Energy Corporation Information
12.2.2 Siemens Energy Overview
12.2.3 Siemens Energy Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.2.4 Siemens Energy Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.2.5 Siemens Energy Recent Developments
12.3 MHPS
12.3.1 MHPS Corporation Information
12.3.2 MHPS Overview
12.3.3 MHPS Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.3.4 MHPS Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.3.5 MHPS Recent Developments
12.4 Dongfang Electric Corporation
12.4.1 Dongfang Electric Corporation Corporation Information
12.4.2 Dongfang Electric Corporation Overview
12.4.3 Dongfang Electric Corporation Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.4.4 Dongfang Electric Corporation Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.4.5 Dongfang Electric Corporation Recent Developments
12.5 Solar Turbines
12.5.1 Solar Turbines Corporation Information
12.5.2 Solar Turbines Overview
12.5.3 Solar Turbines Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.5.4 Solar Turbines Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.5.5 Solar Turbines Recent Developments
12.6 Baker Hughes
12.6.1 Baker Hughes Corporation Information
12.6.2 Baker Hughes Overview
12.6.3 Baker Hughes Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.6.4 Baker Hughes Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.6.5 Baker Hughes Recent Developments
12.7 Ansaldo
12.7.1 Ansaldo Corporation Information
12.7.2 Ansaldo Overview
12.7.3 Ansaldo Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.7.4 Ansaldo Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.7.5 Ansaldo Recent Developments
12.8 Kawasaki
12.8.1 Kawasaki Corporation Information
12.8.2 Kawasaki Overview
12.8.3 Kawasaki Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.8.4 Kawasaki Gas Turbines Product Model Numbers, Pictures, Descriptions and Specifications
12.8.5 Kawasaki Recent Developments
12.9 BHEL
12.9.1 BHEL Corporation Information
12.9.2 BHEL Overview
12.9.3 BHEL Gas Turbines Sales, Price, Revenue and Gross Margin (2020-2025)
12.9.4 BHEL Product Model Numbers, Pictures, Descriptions and Specifications
12.9.5 BHEL Recent Developments
13 Industry Chain and Sales Channels Analysis
13.1 Gas Turbines Industry Chain Analysis
13.2 Gas Turbines Key Raw Materials
13.2.1 Key Raw Materials
13.2.2 Raw Materials Key Suppliers
13.3 Gas Turbines Production Mode & Process
13.4 Gas Turbines Sales and Marketing
13.4.1 Gas Turbines Sales Channels
13.4.2 Gas Turbines Distributors
13.5 Gas Turbines Customers
14 Gas Turbines Market Dynamics
14.1 Gas Turbines Industry Trends
14.2 Gas Turbines Market Drivers
14.3 Gas Turbines Market Challenges
14.4 Gas Turbines Market Restraints
15 Key Findings in the Global Gas Turbines Study
16 Appendix
16.1 Research Methodology
16.1.1 Methodology/Research Approach
16.1.1.1 Research Programs/Design
16.1.1.2 Market Size Estimation
16.1.1.3 Market Breakdown and Data Triangulation
16.1.2 Data Source
16.1.2.1 Secondary Sources
16.1.2.2 Primary Sources
16.2 Author Details
16.3 Disclaimer
TABLE OF FIGURES
List of Tables
Table 1. Global Gas Turbines Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Table 2. Key Manufacturers of Heavy Duty Gas Turbine
Table 3. Key Manufacturers of Aeroderivative Gas Turbine
Table 4. Key Manufacturers of Light Duty Gas Turbine
Table 5. Global Gas Turbines Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Table 6. Global Gas Turbines Production Growth Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (MW)
Table 7. Global Production by Region (2020-2031) & (MW)
Table 8. Global Production Market Share by Region (2020-2031)
Table 9. Global Gas Turbines Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 10. Global Revenue by Region (2020-2025) & (US$ Million)
Table 11. Global Revenue Market Share by Region (2020-2031)
Table 12. Global Gas Turbines Sales Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (MW)
Table 13. Global Gas Turbines Sales by Region (2020-2031) & (MW)
Table 14. Global Sales Market Share by Region (2020-2031)
Table 15. Global Gas Turbines Sales by Manufacturers (2020-2025) & (MW)
Table 16. Global Gas Turbines Sales Share by Manufacturers (2020-2025)
Table 17. Global Gas Turbines Revenue by Manufacturers (2020-2025) & (US$ Million)
Table 18. Global Gas Turbines Revenue Market Share by Manufacturers (2020-2025)
Table 19. Gas Turbines Price by Manufacturers (2020-2025) & (US$/KW)
Table 20. Global Key Players of Gas Turbines, Industry Ranking, 2023 VS 2024
Table 21. Global Gas Turbines Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 22. Global Gas Turbines by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Gas Turbines as of 2024)
Table 23. Global Key Manufacturers of Gas Turbines, Manufacturing Base Distribution and Headquarters
Table 24. Global Key Manufacturers of Gas Turbines, Product Offered and Application
Table 25. Global Key Manufacturers of Gas Turbines, Date of Enter into This Industry
Table 26. Mergers & Acquisitions, Expansion Plans
Table 27. Global Gas Turbines Sales by Type (2020-2025) & (MW)
Table 28. Global Gas Turbines Sales by Type (2026-2031) & (MW)
Table 29. Global Sales Share by Type (2020-2031)
Table 30. Global Gas Turbines Revenue by Type (2020-2025) & (US$ Million)
Table 31. Global Gas Turbines Revenue by Type (2026-2031) & (US$ Million)
Table 32. Global Revenue Share by Type (2020-2031)
Table 33. Gas Turbines Price by Type (2020-2025) & (US$/KW)
Table 34. Global Gas Turbines Price Forecast by Type (2026-2031) & (US$/KW)
Table 35. Global Gas Turbines Sales by Application (2020-2025) & (MW)
Table 36. Global Gas Turbines Sales by Application (2026-2031) & (MW)
Table 37. Global Sales Share by Application (2020-2031)
Table 38. Global Gas Turbines Revenue by Application (2020-2025) & (US$ Million)
Table 39. Global Gas Turbines Revenue by Application (2026-2031) & (US$ Million)
Table 40. Global Revenue Share by Application (2020-2031)
Table 41. Gas Turbines Price by Application (2020-2025) & (US$/KW)
Table 42. Global Gas Turbines Price Forecast by Application (2026-2031) & (US$/KW)
Table 43. US & Canada Sales by Type (2020-2031) & (MW)
Table 44. US & Canada Revenue by Type (2020-2031) & (US$ Million)
Table 45. US & Canada Sales by Application (2020-2031) & (MW)
Table 46. US & Canada Revenue by Application (2020-2031) & (US$ Million)
Table 47. US & Canada Gas Turbines Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 48. US & Canada Revenue by Country (2020-2031) & (US$ Million)
Table 49. US & Canada Sales by Country (2020-2031) & (MW)
Table 50. Europe Sales by Type (2020-2031) & (MW)
Table 51. Europe Revenue by Type (2020-2031) & (US$ Million)
Table 52. Europe Sales by Application (2020-2031) & (MW)
Table 53. Europe Revenue by Application (2020-2031) & (US$ Million)
Table 54. Europe Gas Turbines Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 55. Europe Sales by Country (2020-2031) & (MW)
Table 56. Europe Revenue by Country (2020-2031) & (US$ Million)
Table 57. China Sales by Type (2020-2031) & (MW)
Table 58. China Revenue by Type (2020-2031) & (US$ Million)
Table 59. China Sales by Application (2020-2031) & (MW)
Table 60. China Revenue by Application (2020-2031) & (US$ Million)
Table 61. Asia Sales by Type (2020-2031) & (MW)
Table 62. Asia Revenue by Type (2020-2031) & (US$ Million)
Table 63. Asia Sales by Application (2020-2031) & (MW)
Table 64. Asia Revenue by Application (2020-2031) & (US$ Million)
Table 65. Asia Gas Turbines Revenue Grow Rate (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 66. Asia Revenue by Region (2020-2031) & (US$ Million)
Table 67. Asia Sales by Region (2020-2031) & (MW)
Table 68. Middle East, Africa and Latin America Sales by Type (2020-2031) & (MW)
Table 69. Middle East, Africa and Latin America Revenue by Type (2020-2031) & (US$ Million)
Table 70. Middle East, Africa and Latin America Sales by Application (2020-2031) & (MW)
Table 71. Middle East, Africa and Latin America Revenue by Application (2020-2031) & (US$ Million)
Table 72. Middle East, Africa and Latin America Gas Turbines Revenue Grow Rate (CAGR) by Country: 2020 VS 2024 VS 2031 (US$ Million)
Table 73. Middle East, Africa and Latin America Revenue by Country (2020-2031) & (US$ Million)
Table 74. Middle East, Africa and Latin America Sales by Country (2020-2031) & (MW)
Table 75. GE Vernova Corporation Information
Table 76. GE Vernova Description and Major Businesses
Table 77. GE Vernova Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 78. GE Vernova Product Model Numbers, Pictures, Descriptions and Specifications
Table 79. GE Vernova Recent Developments
Table 80. Siemens Energy Corporation Information
Table 81. Siemens Energy Description and Major Businesses
Table 82. Siemens Energy Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 83. Siemens Energy Product Model Numbers, Pictures, Descriptions and Specifications
Table 84. Siemens Energy Recent Developments
Table 85. MHPS Corporation Information
Table 86. MHPS Description and Major Businesses
Table 87. MHPS Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 88. MHPS Product Model Numbers, Pictures, Descriptions and Specifications
Table 89. MHPS Recent Developments
Table 90. Dongfang Electric Corporation Corporation Information
Table 91. Dongfang Electric Corporation Description and Major Businesses
Table 92. Dongfang Electric Corporation Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 93. Dongfang Electric Corporation Product Model Numbers, Pictures, Descriptions and Specifications
Table 94. Dongfang Electric Corporation Recent Developments
Table 95. Solar Turbines Corporation Information
Table 96. Solar Turbines Description and Major Businesses
Table 97. Solar Turbines Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 98. Solar Turbines Product Model Numbers, Pictures, Descriptions and Specifications
Table 99. Solar Turbines Recent Developments
Table 100. Baker Hughes Corporation Information
Table 101. Baker Hughes Description and Major Businesses
Table 102. Baker Hughes Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 103. Baker Hughes Product Model Numbers, Pictures, Descriptions and Specifications
Table 104. Baker Hughes Recent Developments
Table 105. Ansaldo Corporation Information
Table 106. Ansaldo Description and Major Businesses
Table 107. Ansaldo Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 108. Ansaldo Product Model Numbers, Pictures, Descriptions and Specifications
Table 109. Ansaldo Recent Developments
Table 110. Kawasaki Corporation Information
Table 111. Kawasaki Description and Major Businesses
Table 112. Kawasaki Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 113. Kawasaki Product Model Numbers, Pictures, Descriptions and Specifications
Table 114. Kawasaki Recent Developments
Table 115. BHEL Corporation Information
Table 116. BHEL Description and Major Businesses
Table 117. BHEL Sales (MW), Revenue (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
Table 118. BHEL Product Model Numbers, Pictures, Descriptions and Specifications
Table 119. BHEL Recent Developments
Table 120. Key Raw Materials Lists
Table 121. Raw Materials Key Suppliers Lists
Table 122. Distributors List
Table 123. Customers List
Table 124. Market Trends
Table 125. Market Drivers
Table 126. Market Challenges
Table 127. Market Restraints
Table 128. Research Programs/Design for This Report
Table 129. Key Data Information from Secondary Sources
Table 130. Key Data Information from Primary Sources
List of Figures
Figure 1. Gas Turbines Product Picture
Figure 2. Global Gas Turbines Market Size Growth Rate by Type, 2020 VS 2024 VS 2031 (US$ Million)
Figure 3. Global Gas Turbines Market Share by Type: 2024 & 2031
Figure 4. Heavy Duty Gas Turbine Product Picture
Figure 5. Aeroderivative Gas Turbine Product Picture
Figure 6. Light Duty Gas Turbine Product Picture
Figure 7. Global Gas Turbines Market Size Growth Rate by Application, 2020 VS 2024 VS 2031 (US$ Million)
Figure 8. Global Gas Turbines Market Share by Application in 2024 & 2031
Figure 9. Power Generation
Figure 10. Oil & Gas
Figure 11. Other
Figure 12. Gas Turbines Report Years Considered
Figure 13. Global Gas Turbines Capacity, Production and Utilization (2020-2031) & (MW)
Figure 14. Global Gas Turbines Production by Region: 2020 VS 2024 VS 2031 (MW)
Figure 15. Global Gas Turbines Production Market Share by Region in Percentage: 2024 Versus 2031
Figure 16. Global Gas Turbines Production Market Share by Region (2020-2031)
Figure 17. Gas Turbines Production Growth Rate in North America (2020-2031) & (MW)
Figure 18. Gas Turbines Production Growth Rate in Europe (2020-2031) & (MW)
Figure 19. Gas Turbines Production Growth Rate in China (2020-2031) & (MW)
Figure 20. Gas Turbines Production Growth Rate in Japan (2020-2031) & (MW)
Figure 21. Gas Turbines Production Growth Rate in India (2020-2031) & (MW)
Figure 22. Global Gas Turbines Revenue, (US$ Million), 2020 VS 2024 VS 2031
Figure 23. Global Gas Turbines Revenue 2020-2031 (US$ Million)
Figure 24. Global Gas Turbines Revenue (CAGR) by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 25. Global Gas Turbines Revenue Market Share by Region in Percentage: 2024 Versus 2031
Figure 26. Global Gas Turbines Revenue Market Share by Region (2020-2031)
Figure 27. Global Gas Turbines Sales (2020-2031) & (MW)
Figure 28. Global Gas Turbines Sales (CAGR) by Region: 2020 VS 2024 VS 2031 (MW)
Figure 29. Global Gas Turbines Sales Market Share by Region (2020-2031)
Figure 30. US & Canada Gas Turbines Sales YoY (2020-2031) & (MW)
Figure 31. US & Canada Gas Turbines Revenue YoY (2020-2031) & (US$ Million)
Figure 32. Europe Gas Turbines Sales YoY (2020-2031) & (MW)
Figure 33. Europe Gas Turbines Revenue YoY (2020-2031) & (US$ Million)
Figure 34. China Gas Turbines Sales YoY (2020-2031) & (MW)
Figure 35. China Gas Turbines Revenue YoY (2020-2031) & (US$ Million)
Figure 36. Asia (excluding China) Gas Turbines Sales YoY (2020-2031) & (MW)
Figure 37. Asia (excluding China) Gas Turbines Revenue YoY (2020-2031) & (US$ Million)
Figure 38. Middle East, Africa and Latin America Gas Turbines Sales YoY (2020-2031) & (MW)
Figure 39. Middle East, Africa and Latin America Gas Turbines Revenue YoY (2020-2031) & (US$ Million)
Figure 40. Global Gas Turbines Sales Share by Manufacturers (2024)
Figure 41. The Gas Turbines Market Share of Top 10 and Top 5 Largest Manufacturers Around the World in 2024
Figure 42. Global Gas Turbines Revenue Share by Manufacturers (2024)
Figure 43. The Top 5 and 10 Largest Manufacturers of Gas Turbines in the World: Market Share by Gas Turbines Revenue in 2024
Figure 44. Global Gas Turbines Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 45. Global Gas Turbines Sales Market Share by Type (2020-2031)
Figure 46. Global Gas Turbines Revenue Market Share by Type (2020-2031)
Figure 47. Global Gas Turbines Sales Market Share by Application (2020-2031)
Figure 48. Global Gas Turbines Revenue Market Share by Application (2020-2031)
Figure 49. US & Canada Gas Turbines Sales Market Share by Type (2020-2031)
Figure 50. US & Canada Gas Turbines Revenue Market Share by Type (2020-2031)
Figure 51. US & Canada Gas Turbines Sales Market Share by Application (2020-2031)
Figure 52. US & Canada Gas Turbines Revenue Market Share by Application (2020-2031)
Figure 53. US & Canada Gas Turbines Revenue Share by Country (2020-2031)
Figure 54. US & Canada Gas Turbines Sales Share by Country (2020-2031)
Figure 55. US Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 56. Canada Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 57. Europe Gas Turbines Sales Market Share by Type (2020-2031)
Figure 58. Europe Gas Turbines Revenue Market Share by Type (2020-2031)
Figure 59. Europe Gas Turbines Sales Market Share by Application (2020-2031)
Figure 60. Europe Gas Turbines Revenue Market Share by Application (2020-2031)
Figure 61. Europe Gas Turbines Sales Share by Country (2020-2031)
Figure 62. Europe Gas Turbines Revenue Share by Country (2020-2031)
Figure 63. Germany Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 64. France Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 65. U.K. Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 66. Italy Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 67. Russia Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 68. China Gas Turbines Sales Market Share by Type (2020-2031)
Figure 69. China Gas Turbines Revenue Market Share by Type (2020-2031)
Figure 70. China Gas Turbines Sales Market Share by Application (2020-2031)
Figure 71. China Gas Turbines Revenue Market Share by Application (2020-2031)
Figure 72. Asia Gas Turbines Sales Market Share by Type (2020-2031)
Figure 73. Asia Gas Turbines Revenue Market Share by Type (2020-2031)
Figure 74. Asia Gas Turbines Sales Market Share by Application (2020-2031)
Figure 75. Asia Gas Turbines Revenue Market Share by Application (2020-2031)
Figure 76. Asia Gas Turbines Revenue Share by Region (2020-2031)
Figure 77. Asia Gas Turbines Sales Share by Region (2020-2031)
Figure 78. Japan Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 79. South Korea Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 80. China Taiwan Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 81. Southeast Asia Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 82. India Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 83. Middle East, Africa and Latin America Gas Turbines Sales Market Share by Type (2020-2031)
Figure 84. Middle East, Africa and Latin America Gas Turbines Revenue Market Share by Type (2020-2031)
Figure 85. Middle East, Africa and Latin America Gas Turbines Sales Market Share by Application (2020-2031)
Figure 86. Middle East, Africa and Latin America Gas Turbines Revenue Market Share by Application (2020-2031)
Figure 87. Middle East, Africa and Latin America Gas Turbines Revenue Share by Country (2020-2031)
Figure 88. Middle East, Africa and Latin America Gas Turbines Sales Share by Country (2020-2031)
Figure 89. Brazil Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 90. Mexico Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 91. Turkey Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 92. Israel Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 93. GCC Countries Gas Turbines Revenue (2020-2031) & (US$ Million)
Figure 94. Value Chain
Figure 95. Gas Turbines Production Process
Figure 96. Channels of Distribution (Direct Vs Distribution)
Figure 97. Bottom-up and Top-down Approaches for This Report
Figure 98. Data Triangulation
Figure 99. Key Executives Interviewed
KEY QUESTIONS ADDRESSED BY THE REPORT
What was the global market size of Gas Turbines in 2025?
The global market size of Gas Turbines in 2025 was 19045 Million USD.
What is the annual compound growth rate of the global Gas Turbines market size from 2025 to 2031?
Which companies rank high in the global Gas Turbines market?
Which region is expected to have the highest market share?
What was the global market size of Gas Turbines in 2031?
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