Industry: Machinery & Equipment
Published Date: 2026-01-04
Pages: 101 Pages
Report ld: 5493083
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Gas Turbine Generators Market Size(US$)

CAGR 2026-2032
6.6%
Market Size,2032
USD 64,730
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Gas Turbine Generators was estimated to be worth US$ 41640 million in 2025 and is projected to reach US$ 64730 million, growing at a CAGR of 6.6% from 2026 to 2032.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Gas Turbine Generators cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In this report, the gas turbine generator discussed mainly stands for gas turbine generator set, which includes three parts: gas turbine, generator and control systems. And among the three key parts, gas turbine is the most important one. Company who can produce gas turbine will become the leading manufacturer of gas turbine generator in the industry.
Gas turbine generator is a device used to generate power. The most important part, gas turbine, is a type of internal combustion (IC) engine in which burning of an air-fuel mixture produces hot gases that spin a turbine to produce power.
The statistical data is based on gas turbine generator set. The rated power of the gas turbine is above 1MW.
USA is the largest Gas Turbine Generators market with about 38% market share. Europe is follower, accounting for about 36% market share.
The key players are GE Power Generation, Siemens, MHPS, Alstom, Rolls-Royce, Kawasaki, Solar Turbines, Power Machines, MAN Diesel & Turbo, AVIC etc. Top 3 companies occupied about 50% market share.
This report provides a comprehensive view of the global market for Gas Turbine Generators, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Gas Turbine Generators market size, estimations, and forecasts are presented in terms of sales volume (Units) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Gas Turbine Generators.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Gas Turbine Generators manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Gas Turbine Generators sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Gas Turbine Generators sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
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 Generators Product Introduction
1.2 Global Gas Turbine Generators Market Size Forecast
1.2.1 Global Gas Turbine Generators Sales Value (2021–2032)
1.2.2 Global Gas Turbine Generators Sales Volume (2021–2032)
1.2.3 Global Gas Turbine Generators Sales Price (2021–2032)
1.3 Gas Turbine Generators Market Trends & Drivers
1.3.1 Gas Turbine Generators Industry Trends
1.3.2 Gas Turbine Generators Market Drivers & Opportunities
1.3.3 Gas Turbine Generators Market Challenges
1.3.4 Gas Turbine Generators Market Restraints
1.3.5 Impact of U.S. Tariffs
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Gas Turbine Generators Players Revenue Ranking (2025)
2.2 Global Gas Turbine Generators Revenue by Company (2021–2026)
2.3 Global Gas Turbine Generators Sales Volume Ranking of Players (2025)
2.4 Global Gas Turbine Generators Sales Volume by Company (2021–2026)
2.5 Global Gas Turbine Generators Average Price by Company (2021–2026)
2.6 Key Manufacturers Gas Turbine Generators Manufacturing Base and Headquarters
2.7 Key Manufacturers Gas Turbine Generators Product Offerings
2.8 Key Manufacturers Start of Mass Production of Gas Turbine Generators
2.9 Gas Turbine Generators Market Competitive Analysis
2.9.1 Gas Turbine Generators Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Gas Turbine Generators Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Gas Turbine Generators revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Gas Turbine Generators Market Classification
3.1 Introduction by Type
3.1.1 Gas Turbine Generators Rated 1.00 to 2.00 mw
3.1.2 Gas Turbine Generators Rated 2.00 to 10.00 mw
3.1.3 Gas Turbine Generators Rated more than 10 mw
3.1.4 Global Gas Turbine Generators Sales Value by Type
3.1.4.1 Global Gas Turbine Generators Sales Value by Type (2021 vs 2025 vs 2032)
3.1.4.2 Global Gas Turbine Generators Sales Value, by Type (2021–2032)
3.1.4.3 Global Gas Turbine Generators Sales Value, by Type (%), 2021–2032
3.1.5 Global Gas Turbine Generators Sales Volume by Type
3.1.5.1 Global Gas Turbine Generators Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.5.2 Global Gas Turbine Generators Sales Volume, by Type (2021–2032)
3.1.5.3 Global Gas Turbine Generators Sales Volume, by Type (%), 2021–2032
3.1.6 Global Gas Turbine Generators Average Price by Type (2021–2032)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Power Plant
4.1.2 Oil and Gas Industry
4.1.3 Industrial Companies
4.2 Global Gas Turbine Generators Sales Value by Application
4.2.1 Global Gas Turbine Generators Sales Value by Application (2021 vs 2025 vs 2032)
4.2.2 Global Gas Turbine Generators Sales Value, by Application (2021–2032)
4.2.3 Global Gas Turbine Generators Sales Value, by Application (%), 2021–2032
4.3 Global Gas Turbine Generators Sales Volume by Application
4.3.1 Global Gas Turbine Generators Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Gas Turbine Generators Sales Volume, by Application (2021–2032)
4.3.3 Global Gas Turbine Generators Sales Volume, by Application (%), 2021–2032
4.4 Global Gas Turbine Generators Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Gas Turbine Generators Sales Value by Region
5.1.1 Global Gas Turbine Generators Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Gas Turbine Generators Sales Value by Region (2021–2026)
5.1.3 Global Gas Turbine Generators Sales Value by Region (2027–2032)
5.1.4 Global Gas Turbine Generators Sales Value by Region (%), 2021–2032
5.2 Global Gas Turbine Generators Sales Volume by Region
5.2.1 Global Gas Turbine Generators Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Gas Turbine Generators Sales Volume by Region (2021–2026)
5.2.3 Global Gas Turbine Generators Sales Volume by Region (2027–2032)
5.2.4 Global Gas Turbine Generators Sales Volume by Region (%), 2021–2032
5.3 Global Gas Turbine Generators Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Gas Turbine Generators Sales Value, 2021–2032
5.4.2 North America Gas Turbine Generators Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Gas Turbine Generators Sales Value, 2021–2032
5.5.2 Europe Gas Turbine Generators Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Gas Turbine Generators Sales Value, 2021–2032
5.6.2 Asia Pacific Gas Turbine Generators Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Gas Turbine Generators Sales Value, 2021–2032
5.7.2 South America Gas Turbine Generators Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Gas Turbine Generators Sales Value, 2021–2032
5.8.2 Middle East & Africa Gas Turbine Generators Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Gas Turbine Generators Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Gas Turbine Generators Sales Value and Sales Volume
6.2.1 Key Countries/Regions Gas Turbine Generators Sales Value, 2021–2032
6.2.2 Key Countries/Regions Gas Turbine Generators Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Gas Turbine Generators Sales Value, 2021–2032
6.3.2 United States Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Gas Turbine Generators Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Gas Turbine Generators Sales Value, 2021–2032
6.4.2 Europe Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Gas Turbine Generators Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Gas Turbine Generators Sales Value, 2021–2032
6.5.2 China Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.5.3 China Gas Turbine Generators Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Gas Turbine Generators Sales Value, 2021–2032
6.6.2 Japan Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Gas Turbine Generators Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Gas Turbine Generators Sales Value, 2021–2032
6.7.2 South Korea Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Gas Turbine Generators Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Gas Turbine Generators Sales Value, 2021–2032
6.8.2 Southeast Asia Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Gas Turbine Generators Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Gas Turbine Generators Sales Value, 2021–2032
6.9.2 India Gas Turbine Generators Sales Value by Type (%), 2025 vs 2032
6.9.3 India Gas Turbine Generators Sales Value by Application, 2025 vs 2032
7 Company Profiles
7.1 GE Power Generation
7.1.1 GE Power Generation Company Information
7.1.2 GE Power Generation Introduction and Business Overview
7.1.3 GE Power Generation Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.1.4 GE Power Generation Gas Turbine Generators Product Offerings
7.1.5 GE Power Generation Recent Developments
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Introduction and Business Overview
7.2.3 Siemens Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.2.4 Siemens Gas Turbine Generators Product Offerings
7.2.5 Siemens Recent Developments
7.3 MHPS
7.3.1 MHPS Company Information
7.3.2 MHPS Introduction and Business Overview
7.3.3 MHPS Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.3.4 MHPS Gas Turbine Generators Product Offerings
7.3.5 MHPS Recent Developments
7.4 Alstom
7.4.1 Alstom Company Information
7.4.2 Alstom Introduction and Business Overview
7.4.3 Alstom Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.4.4 Alstom Gas Turbine Generators Product Offerings
7.4.5 Alstom Recent Developments
7.5 Rolls-Royce
7.5.1 Rolls-Royce Company Information
7.5.2 Rolls-Royce Introduction and Business Overview
7.5.3 Rolls-Royce Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.5.4 Rolls-Royce Gas Turbine Generators Product Offerings
7.5.5 Rolls-Royce Recent Developments
7.6 Kawasaki
7.6.1 Kawasaki Company Information
7.6.2 Kawasaki Introduction and Business Overview
7.6.3 Kawasaki Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.6.4 Kawasaki Gas Turbine Generators Product Offerings
7.6.5 Kawasaki Recent Developments
7.7 Solar Turbines
7.7.1 Solar Turbines Company Information
7.7.2 Solar Turbines Introduction and Business Overview
7.7.3 Solar Turbines Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.7.4 Solar Turbines Gas Turbine Generators Product Offerings
7.7.5 Solar Turbines Recent Developments
7.8 Power Machines
7.8.1 Power Machines Company Information
7.8.2 Power Machines Introduction and Business Overview
7.8.3 Power Machines Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.8.4 Power Machines Gas Turbine Generators Product Offerings
7.8.5 Power Machines Recent Developments
7.9 MAN Diesel & Turbo
7.9.1 MAN Diesel & Turbo Company Information
7.9.2 MAN Diesel & Turbo Introduction and Business Overview
7.9.3 MAN Diesel & Turbo Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.9.4 MAN Diesel & Turbo Gas Turbine Generators Product Offerings
7.9.5 MAN Diesel & Turbo Recent Developments
7.10 AVIC
7.10.1 AVIC Company Information
7.10.2 AVIC Introduction and Business Overview
7.10.3 AVIC Gas Turbine Generators Sales, Revenue, Price and Gross Margin (2021–2026)
7.10.4 AVIC Gas Turbine Generators Product Offerings
7.10.5 AVIC Recent Developments
8 Industry Chain Analysis
8.1 Gas Turbine Generators Industrial Chain
8.2 Gas Turbine Generators Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Gas Turbine Generators Sales Model
8.5.2 Sales Channels
8.5.3 Gas Turbine Generators 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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