ガスタービン市場レポート：技術、設計タイプ、定格容量、エンドユーザー、地域別、2024年～2032年

世界のガスタービン市場規模は2023年に252億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて3.23%の成長率（CAGR）を示し、2032年までに338億米ドルに達すると予測しています。この市場を牽引しているのは、急速な工業化と都市化によるエネルギー需要の増大、建設とインフラ開拓の著しい成長、そして世界のクリーンエネルギーへの移行です。

ガスタービン市場の分析：

市場の成長と規模世界市場は、エネルギー需要の増加、インフラ整備、よりクリーンなエネルギー源へのニーズが原動力となり、力強い成長を遂げています。ガスタービンが多様な分野で不可欠な役割を担っていることを反映して、市場規模は相当なものです。

主な市場促進要因：主な原動力は、世界のエネルギー需要の増加、持続可能なエネルギー源への移行、ガスタービンの柔軟性と信頼性などです。これらの要因は、様々な産業の電力需要を満たし、断続的な再生可能エネルギー源がもたらす課題に対処する上で極めて重要です。

技術の進歩：複合サイクルガスタービン（CCGT）システムや航空転用設計などの継続的な技術進歩は、効率と汎用性の向上に寄与しています。デジタル化と予知保全ソリューションは、ガスタービンの性能と信頼性をさらに向上させる。

産業用途ガスタービンは、発電、モビリティ（航空、海上、陸上）、石油・ガスセクターで使用されています。これらの多様な産業への適応性は、エネルギーインフラ、輸送、産業プロセスを支える重要性を強調しています。

主な市場動向：現在の動向には、分散型発電へのガスタービンの採用、再生可能エネルギー源の統合、持続可能性の重視などがあります。また、積層造形技術や材料の進歩は、タービンの設計と効率の向上に寄与しています。

地理的動向：アジア太平洋は急速な工業化と都市化により市場を独占しており、北米や欧州を含む他の地域は持続可能なエネルギー転換に注力しています。中東・アフリカは石油・ガス事業とインフラ整備にガスタービンを活用しています。

競合情勢：競合情勢では、主要企業が研究開発、提携、買収に積極的に投資しています。各社は、技術力の強化、市場範囲の拡大、革新的ソリューションの提供に努め、進化する顧客の需要に応えています。

課題と機会：課題には、環境問題や規制圧力が含まれ、よりクリーンな技術の必要性を促しています。タービン効率の向上、排出ガスの削減、予知保全のためのデジタル・ソリューションの導入などを通じて、こうした課題に対処することがチャンスとなります。

将来の展望世界市場の将来展望は有望であり、市場は継続的に成長する態勢にあります。市場参入企業には、持続可能性を重視したイノベーション、新興市場への参入、進化するエネルギー環境への適応などの機会があり、ガスタービンが世界のエネルギーソリューションに不可欠な存在であり続けることを確実にします。

ガスタービン市場の動向：

エネルギー需要の増加

世界のエネルギー需要の絶え間ない増加は、市場拡大の主な要因となっています。急速な工業化と都市化に後押しされたこのニーズの高まりにより、効率的で信頼性の高い発電ソリューションが必要とされています。これらのタービンは、その迅速な始動能力と顕著な燃料効率により、好ましい選択肢として浮上しています。産業が拡大し、都市が発展するにつれて、エネルギー需要は増加の一途をたどっており、タービンは世界規模で進化するエネルギー需要を満たす重要な役割を担っています。さらに、電気自動車の普及とさまざまな分野の電化が、堅牢なエネルギー・ソリューションへの需要をさらに高める要因となっています。

急速な技術進歩

市場のダイナミックな成長は、継続的な技術の進歩と密接に結びついています。材料、設計原理、制御システムにおける継続的な技術革新により、タービンの性能はかつてないレベルにまで向上しています。このような技術的進歩の結果、タービンはより効率的で耐久性に優れているだけでなく、現代の環境基準にも適合しています。さらに、予知保全や高度な監視システムなどの最先端のデジタル技術を統合することで、信頼性を高め、ダウンタイムを最小限に抑え、タービンを発電の最先端技術として確固たるものにしています。広範な研究開発（R&D）イニシアチブは、これらのタービンが技術革新の最前線にあり続けることを保証し、エネルギー展望におけるタービンの継続的な関連性を推進しています。

高まる環境持続可能性

市場の成長を加速させる重要な要因の1つは、環境の持続可能性への注目が高まっていることです。これらのタービンは、従来の発電方法と比べて排出量が大幅に少ないため、環境に配慮した選択肢として際立っています。これは、気候変動対策と二酸化炭素排出量削減を目的とした世界の取り組みとシームレスに一致します。政府も産業界も、よりクリーンなエネルギーソリューションを実現する上で、これらのタービンの本質的な価値をますます認識しつつあります。環境問題が引き続き注目される中、持続可能で環境に優しい発電方法への転換が急務となっていることが、市場の成長を後押ししています。さらに、風力や太陽光などの再生可能エネルギー源とタービンの統合は、より持続可能なエネルギーミックスに貢献し、市場での地位をさらに強化しています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査目的
• 利害関係者
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 主要産業動向

第5章 ガスタービンの世界市場

• 市場概要
• 市場実績
• COVID-19の影響
• 市場内訳：技術別
• 市場内訳：設計タイプ別
• 市場内訳：定格容量別
• 市場内訳：エンドユーザー別
• 市場内訳：地域別
• 市場予測

第6章 市場内訳：技術別

• コンバインドサイクルガスタービン
  • 市場動向
  • 市場予測
• オープンサイクルガスタービン
  • 市場動向
  • 市場予測

第7章 市場内訳：設計タイプ別

• ヘビーデューティー（フレーム）タイプ
  • 市場動向
  • 市場予測
• 航空転用型
  • 市場動向
  • 市場予測

第8章 市場内訳：定格容量別

• 300MW以上
  • 市場動向
  • 市場予測
• 120-300MW
  • 市場動向
  • 市場予測
• 40-120MW
  • 市場動向
  • 市場予測
• 40MW未満
  • 市場動向
  • 市場予測

第9章 市場内訳：エンドユーザー別

• 発電
  • 市場動向
  • 市場予測
• モビリティ
  • 市場動向
  • 市場予測
• 石油・ガス
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第10章 市場内訳：地域別

• アジア太平洋
  • 市場動向
  • 市場予測
• 欧州
  • 市場動向
  • 市場予測
• 北米
  • 市場動向
  • 市場予測
• 中東・アフリカ
  • 市場動向
  • 市場予測
• ラテンアメリカ
  • 市場動向
  • 市場予測

第11章 SWOT分析

• 概要
• 強み
• 弱み
• 機会
• 脅威

第12章 バリューチェーン分析

第13章 ポーターのファイブフォース分析

• 概要
• 買い手の交渉力
• 供給企業の交渉力
• 競合の程度
• 新規参入業者の脅威
• 代替品の脅威

第14章 価格分析

第15章 競合情勢

• 市場構造
• 主要企業
• 主要企業のプロファイル
  • Kawasaki Heavy Industries
  • Siemens
  • GE
  • MHPS
  • Ansaldo
  • Harbin Electric
  • OPRA
  • MAN Diesel
  • Solar Turbines
  • Vericor Power
  • BHEL
  • Centrax
  • Zorya
  • Caterpillar
  • General Electric
  • Mitsubishi Heavy Industries

List of Figures

• Figure 1: Global: Gas Turbine Market: Major Drivers and Challenges
• Figure 2: Global: Gas Turbine Market: Sales Value (in Billion US$), 2018-2023
• Figure 3: Global: Gas Turbine Market: Breakup by Technology (in %), 2023
• Figure 4: Global: Gas Turbine Market: Breakup by Design Type (in %), 2023
• Figure 5: Global: Gas Turbine Market: Breakup by Rated Capacity (in %), 2023
• Figure 6: Global: Gas Turbine Market: Breakup by End-User (in %), 2023
• Figure 7: Global: Gas Turbine Market: Breakup by Region (in %), 2023
• Figure 8: Global: Gas Turbine Market Forecast: Sales Value (in Billion US$), 2024-2032
• Figure 9: Global: Gas Turbine Industry: SWOT Analysis
• Figure 10: Global: Gas Turbine Industry: Value Chain Analysis
• Figure 11: Global: Gas Turbine Industry: Porter's Five Forces Analysis
• Figure 12: Global: Gas Turbine (Combined Cycle Gas Turbine) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 13: Global: Gas Turbine (Combined Cycle Gas Turbine) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 14: Global: Gas Turbine (Open Cycle Gas Turbine) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 15: Global: Gas Turbine (Open Cycle Gas Turbine) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 16: Global: Gas Turbine (Heavy Duty Type) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 17: Global: Gas Turbine (Heavy Duty Type) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 18: Global: Gas Turbine (Aeroderivative Type) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 19: Global: Gas Turbine (Aeroderivative Type) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 20: Global: Gas Turbine (Above 300 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 21: Global: Gas Turbine (Above 300 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 22: Global: Gas Turbine (120-300 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 23: Global: Gas Turbine (120-300 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 24: Global: Gas Turbine (40-120 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 25: Global: Gas Turbine (40-120 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 26: Global: Gas Turbine (Less Than 40 MW) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 27: Global: Gas Turbine (Less Than 40 MW) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 28: Global: Gas Turbine (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 29: Global: Gas Turbine (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 30: Global: Gas Turbine (Mobility) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 31: Global: Gas Turbine (Mobility) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 32: Global: Gas Turbine (Oil and Gas) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 33: Global: Gas Turbine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 34: Global: Gas Turbine (Other End-Users) Market: Sales Value (in Million US$), 2018 & 2023
• Figure 35: Global: Gas Turbine (Other End-Users) Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 36: Asia Pacific: Gas Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 37: Asia Pacific: Gas Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 38: Europe: Gas Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 39: Europe: Gas Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 40: North America: Gas Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 41: North America: Gas Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 42: Middle East and Africa: Gas Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 43: Middle East and Africa: Gas Turbine Market Forecast: Sales Value (in Million US$), 2024-2032
• Figure 44: Latin America: Gas Turbine Market: Sales Value (in Million US$), 2018 & 2023
• Figure 45: Latin America: Gas Turbine Market Forecast: Sales Value (in Million US$), 2024-2032

List of Tables

• Table 1: Global: Gas Turbine Market: Key Industry Highlights, 2023 and 2032
• Table 2: Global: Gas Turbine Market Forecast: Breakup by Technology (in Million US$), 2024-2032
• Table 3: Global: Gas Turbine Market Forecast: Breakup by Design Type (in Million US$), 2024-2032
• Table 4: Global: Gas Turbine Market Forecast: Breakup by Rated Capacity (in Million US$), 2024-2032
• Table 5: Global: Gas Turbine Market Forecast: Breakup by End-User (in Million US$), 2024-2032
• Table 6: Global: Gas Turbine Market Forecast: Breakup by Region (in Million US$), 2024-2032
• Table 7: Global: Gas Turbine Market Structure
• Table 8: Global: Gas Turbine Market: Key Players

Abstract

The global gas turbine market size reached US$ 25.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 33.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.23% during 2024-2032. The market is primarily driven by the augmenting demand for energy due to rapid industrialization and urbanization, considerable growth in construction and infrastructure development activities, and the imperative shift toward cleaner energy sources across the globe.

Gas Turbine Market Analysis:

Market Growth and Size: The global market is experiencing robust growth, driven by increasing energy demands, infrastructure development, and the need for cleaner energy sources. The market size is substantial, reflecting the integral role of gas turbines in diverse sectors.

Major Market Drivers: Key drivers include the rising global energy demand, a transition to sustainable energy sources, and the flexibility and reliability of gas turbines. These factors are pivotal in meeting the electricity needs of various industries and addressing the challenges posed by intermittent renewable energy sources.

Technological Advancements: Ongoing technological advancements, such as combined cycle gas turbine (CCGT) systems and aero-derivative designs, contribute to enhanced efficiency and versatility. Digitalization and predictive maintenance solutions further elevate the performance and reliability of gas turbines.

Industry Applications: These turbines find applications in power generation, mobility (aviation, marine, and land-based), and the oil and gas sector. Their adaptability across these diverse industries underscores their significance in supporting energy infrastructure, transportation, and industrial processes.

Key Market Trends: Current trends include the adoption of gas turbines for decentralized power generation, the integration of renewable energy sources, and the emphasis on sustainability. Additionally, advancements in additive manufacturing and materials contribute to improved turbine design and efficiency.

Geographical Trends: Asia Pacific dominates the market due to rapid industrialization and urbanization, while other regions, including North America and Europe, focus on sustainable energy transitions. The Middle East and Africa leverage gas turbines for oil and gas operations and infrastructure development.

Competitive Landscape: The competitive landscape features major players actively investing in research and development, partnerships, and acquisitions. Companies are striving to enhance their technological capabilities, expand market reach, and offer innovative solutions to meet evolving customer demands.

Challenges and Opportunities: Challenges include environmental concerns and regulatory pressures, driving the need for cleaner technologies. Opportunities lie in addressing these challenges through advancements in turbine efficiency, emissions reduction, and embracing digital solutions for predictive maintenance.

Future Outlook: The future outlook for the global market is promising, with the market poised for continued growth. Opportunities for market players include sustainability-focused innovations, participation in emerging markets, and adapting to evolving energy landscapes, ensuring gas turbines remain integral to global energy solutions.

Gas Turbine Market Trends:

Increasing energy demand

The relentless rise in global energy demand has become a primary driver for the expanding market. This escalating need, fueled by rapid industrialization and urbanization, necessitates efficient and reliable power generation solutions. These turbines emerge as a preferred choice due to their quick startup capabilities and remarkable fuel efficiency. As industries expand and cities grow, the energy demand continues to rise, positioning these turbines as a crucial player in meeting these evolving energy requirements on a global scale. Moreover, the growing adoption of electric vehicles and the electrification of various sectors are contributing factors, further intensifying the demand for robust energy solutions.

Rapid technological advancements

The dynamic growth of the market is intricately tied to continuous technological advancements. Ongoing innovations in materials, design principles, and control systems propel the performance of these turbines to unprecedented levels. These technological strides result in turbines that are not only more efficient and durable but also align with contemporary environmental standards. Furthermore, the integration of cutting-edge digital technologies, such as predictive maintenance and advanced monitoring systems, enhances reliability and minimizes downtime, solidifying these turbines as a forefront technology in power generation. Extensive research and development (R&D) initiatives ensure that these turbines remain at the forefront of technological innovation, driving their continued relevance in the energy landscape.

Rising environmental sustainability

One of the pivotal factors steering the market's upward growth is the intensifying focus on environmental sustainability. These turbines stand out as environmentally responsible alternatives, producing significantly lower emissions compared to conventional power generation methods. This aligns seamlessly with global initiatives aimed at combating climate change and reducing carbon footprints. Governments and industries alike are increasingly recognizing the intrinsic value of these turbines in achieving cleaner energy solutions. As environmental concerns continue to gain prominence, the market's growth is propelled by the imperative shift towards sustainable and eco-friendly power generation practices. Additionally, the integration of renewable energy sources, such as wind and solar, with these turbines contributes to a more sustainable energy mix, further reinforcing their position in the market.

Gas Turbine Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on technology, design type, rated capacity, and end-user.

Breakup by Technology:

Combined Cycle Gas Turbine

Open Cycle Gas Turbine

Combined cycle gas turbine accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the technology. This includes combined cycle gas turbine and open cycle gas turbine. According to the report, combined cycle gas turbine represented the largest segment.

In the market segmentation based on technology, combined cycle gas turbine (CCGT) stands out as the largest segment. CCGT technology integrates both gas and steam turbines, optimizing energy efficiency by utilizing the waste heat from the gas turbine to produce additional electricity through the steam turbine. This configuration enhances overall power plant efficiency, making CCGT systems highly preferred for large-scale electricity generation. The superior thermal efficiency, reduced environmental impact, and cost-effectiveness contribute to the dominance of CCGT technology in the market, particularly in utility-scale power plants and industrial applications.

On the contrary, the open cycle gas turbine (OCGT) represents another important segment in the market's technological segmentation. OCGT systems operate solely on the Brayton Cycle, where compressed air is mixed with fuel and ignited to generate power. While OCGT technology is typically less efficient than CCGT, it offers advantages in terms of simplicity, rapid start-up, and suitability for decentralized or peaking power generation. Although not as thermally efficient as CCGT, OCGT technology remains valuable for specific operational requirements, contributing to its presence in the diverse landscape of the market.

Breakup by Design Type:

Heavy Duty (Frame) Type

Aeroderivative Type

Heavy duty (frame) type holds the largest share of the industry

A detailed breakup and analysis of the market based on the design type have also been provided in the report. This includes heavy duty (frame) type and aeroderivative type. According to the report, heavy duty (frame) type accounted for the largest market share.

In the market segmentation based on design type, the heavy duty (frame) type emerges as the largest segment. Heavy-duty gas turbines are robust, large-scale machines designed for high-power applications, such as utility and industrial power plants. Known for their durability, extended operational life, and ability to handle continuous, base-load power generation, heavy-duty gas turbines play a critical role in meeting the electricity demands of large-scale industrial and grid applications. These turbines are characterized by their sturdy frame construction and are often utilized in scenarios where reliability, efficiency, and consistent performance are paramount, making them a cornerstone in the power generation infrastructure.

On the other hand, the aeroderivative type constitutes another important segment in the market's design type segmentation. While aeroderivative gas turbines may have a lower output compared to heavy-duty types, their versatility makes them suitable for decentralized power generation and industries with dynamic energy demands. The aeroderivative segment's flexibility and adaptability contribute to its significance in scenarios where rapid deployment and operational responsiveness are prioritized.

Breakup by Rated Capacity:

Above 300 MW

120-300 MW

40-120 MW

Less Than 40 MW

Above 3000 MW represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the rated capacity. This includes above 300 MW, 120-300 MW, 40-120 MW, and less than 40 MW. According to the report, above 300 MW represented the largest segment.

The market segmentation based on rated capacity places "Above 300 MW" as the largest segment. Gas turbines with a rated capacity above 300 MW are substantial powerhouses used in large-scale, utility-grade power plants. These turbines are integral to meeting the substantial electricity demands of urban centers and industrial complexes. Their high output and efficiency make them key contributors to grid stability and reliable power supply. Typically deployed in major power generation facilities, gas turbines with a capacity above 300 MW play a crucial role in supporting the base-load electricity requirements of expansive regions and industries.

In the rated capacity segmentation, the "120-300 MW" segment represents gas turbines with a moderate power output. These turbines find application in diverse settings, including industrial plants and medium-sized power generation facilities. With a balanced capacity range, gas turbines in this segment are adaptable to varying energy demands. They are often employed in scenarios where flexibility, efficiency, and a mid-range power output are essential, making them suitable for supporting both industrial processes and contributing to regional electricity grids.

The "40-120 MW" segment encompasses gas turbines with a lower to mid-range capacity, offering versatile solutions for power generation. Gas turbines in this category find applications in a variety of settings, including distributed energy systems, smaller industrial facilities, and community-scale power plants. Their flexibility and efficient performance make them suitable for addressing localized electricity demands, supporting grid stability, and providing reliable power in areas with smaller-scale energy needs.

The "Less Than 40 MW" segment comprises gas turbines with lower power outputs, designed for decentralized and distributed power generation. These turbines are often utilized in applications such as small-scale industrial facilities, combined heat and power (CHP) systems, and remote or off-grid locations. Gas turbines in this segment offer advantages in terms of compact size, quick start-up, and the ability to meet localized energy needs efficiently. They contribute to enhancing energy resilience and providing power solutions in areas with limited access to centralized grids.

Breakup by End User:

Power Generation

Mobility

Oil and Gas

Others

Power generation represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the end user. This includes power generation, mobility, oil and gas, and others. According to the report, power generation represented the largest segment.

In the market segmentation based on end-user, "Power Generation" stands out as the largest segment. Gas turbines play a pivotal role in the power generation sector, where they are employed in a variety of applications, from large utility-scale power plants to distributed energy systems. The versatility, efficiency, and reliability of gas turbines make them a cornerstone in meeting the increasing global demand for electricity. Whether utilized in combined cycle plants, peaker plants, or standalone power generation facilities, gas turbines cater to the diverse needs of the power generation sector, providing a flexible and efficient solution for generating electricity.

The "Mobility" segment represents a diverse range of applications where gas turbines contribute to propulsion systems. This includes aviation, marine, and land-based mobility solutions. In aviation, aeroderivative gas turbines power aircraft, providing thrust for propulsion. In marine applications, gas turbines drive naval vessels and commercial ships, offering high power-to-weight ratios. Gas turbines are also utilized in certain land-based mobility applications, such as rail transport. The mobility segment benefits from the compact size, rapid start-up, and high power density characteristics of gas turbines, making them suitable for various transportation needs.

Within the "Oil and Gas" segment, gas turbines find critical applications across the entire oil and gas value chain. From upstream exploration and production operations to downstream refining and petrochemical processes, gas turbines are employed for power generation, mechanical drive, and process heating. In upstream operations, gas turbines power drilling rigs and production facilities. In downstream processes, they drive compressors and generators for refining and petrochemical plants. This segment relies on the adaptability and efficiency of gas turbines to meet the energy demands of a highly dynamic industry, contributing to the extraction, processing, and distribution of hydrocarbons.

Breakup by Region:

Asia Pacific

Europe

North America

Middle East and Africa

Latin America

Asia Pacific leads the market, accounting for the largest gas turbine market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. According to the report, Asia Pacific accounted for the largest market share.

As the largest segment in the regional segmentation, "Asia Pacific" is a powerhouse in the gas turbine market. The region's rapid industrialization, population growth, and increasing urbanization contribute to a soaring demand for electricity. Gas turbines play a vital role in meeting this escalating energy demand, especially in countries like China and India. The Asia Pacific region witnesses extensive deployment of gas turbines for power generation in utility-scale plants, supporting economic development and infrastructure projects. The continuous expansion of energy infrastructure and the adoption of advanced gas turbine technologies contribute to the dominance of Asia Pacific in the global market.

In the regional segmentation, "North America" represents a significant market for gas turbines. The region is characterized by a mature energy infrastructure, where gas turbines play a crucial role in power generation for industries and residential areas. The demand for gas turbines in North America is driven by factors such as the replacement of aging power plants, the integration of renewable energy sources, and the consistent need for reliable electricity. Additionally, the shale gas boom in the United States has further boosted the utilization of gas turbines in the energy landscape of North America.

Europe represents a significant market for gas turbines, driven by the region's focus on renewable energy integration, energy efficiency, and grid stability. Gas turbines complement the energy mix by providing flexible power generation solutions that support the intermittent nature of renewable sources. European countries invest in modernizing their power generation facilities, enhancing energy security, and achieving carbon reduction targets. The adoption of combined heat and power (CHP) systems further contributes to the demand for gas turbines in Europe, making them integral to the region's sustainable energy transition.

In Latin America, the gas turbine market experiences demand driven by the region's economic development, urbanization, and the need for reliable power sources. Gas turbines are utilized in power plants across Latin American countries, supporting industrial growth and addressing electricity needs. The flexibility of gas turbines makes them suitable for meeting both base-load and peak electricity demands, contributing to the resilience of power grids in the region. Latin America's diverse energy landscape, including hydrocarbon-rich nations, positions gas turbines as key assets in ensuring a stable and efficient energy supply.

The Middle East and Africa region is a notable market for gas turbines, primarily due to the presence of major oil-producing countries and ongoing infrastructure development projects. Gas turbines play a crucial role in power generation for industries, desalination plants, and urban centers. The region's focus on diversifying its energy mix, enhancing energy security, and meeting growing electricity demands contributes to the prominence of gas turbines in the energy infrastructure of the Middle East and Africa. The adaptability of gas turbines to operate in harsh environments and their ability to support combined cycle applications make them valuable assets in the region's energy landscape.

Leading Key Players in the Gas Turbine Industry:

The key players in the market are actively engaged in strategic initiatives to enhance their market presence, technological capabilities, and sustainability. These initiatives include investments in research and development to introduce advanced and efficient turbine technologies, addressing the industry's growing emphasis on sustainability and reduced environmental impact. Additionally, companies are focusing on collaborations and partnerships to leverage complementary expertise and expand their market reach. Mergers and acquisitions play a significant role, enabling firms to consolidate their positions, access new markets, and diversify their product portfolios. Furthermore, key players are investing in digitalization and data analytics to offer predictive maintenance solutions, enhancing the reliability and performance of gas turbines. These dynamic strategies underscore the industry's commitment to innovation, environmental responsibility, and meeting the evolving energy needs of diverse sectors globally.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Kawasaki Heavy Industries

Siemens

GE

MHPS

Ansaldo

Harbin Electric

OPRA

MAN Diesel

Solar Turbines

Vericor Power

BHEL

Centrax

Zorya

Caterpillar

General Electric

Mitsubishi Heavy Industries

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

November 30, 2023: Kawasaki Heavy Industries announced that it has established a framework for all types of sustainable finance (Green, Transition, Transition Linked, Blue, Social, Sustainability Linked) ("the Master Framework").

October 10, 2023: Siemens announced that it has achieved a significant milestone for its Siemens Xcelerator platform with the inclusion of 100 India-relevant digital use and reference cases across multiple industries such as Food & Beverage, Data Centers, Commercial Buildings, Power Utilities, and others.

December 14, 2023: GE announced that it has signed a framework agreement with Forestalia to install up to 693 MW of onshore wind turbines across 16 future project sites throughout the Aragon region in Spain.

Key Questions Answered in This Report

• 1. What was the size of the global gas turbine market in 2023?
• 2. What is the expected growth rate of the global gas turbine market during 2024-2032?
• 3. What are the key factors driving the global gas turbine market?
• 4. What has been the impact of COVID-19 on the global gas turbine market?
• 5. What is the breakup of the global gas turbine market based on the technology?
• 6. What is the breakup of the global gas turbine market based on the design type?
• 7. What is the breakup of the global gas turbine market based on the rated capacity?
• 8. What is the breakup of the global gas turbine market based on the end user?
• 9. What are the key regions in the global gas turbine market?
• 10. Who are the key players/companies in the global gas turbine market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Gas Turbine Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Technology
• 5.5 Market Breakup by Design Type
• 5.6 Market Breakup by Rated Capacity
• 5.7 Market Breakup by End-User
• 5.8 Market Breakup by Region
• 5.9 Market Forecast

6 Market Breakup by Technology

• 6.1 Combined Cycle Gas Turbine
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Open Cycle Gas Turbine
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast

7 Market Breakup by Design Type

• 7.1 Heavy Duty (Frame) Type
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Aeroderivative Type
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Rated Capacity

• 8.1 Above 300 MW
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 120-300 MW
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 40-120 MW
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Less Than 40 MW
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by End-User

• 9.1 Power Generation
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Mobility
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Oil and Gas
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Others
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast

10 Market Breakup by Region

• 10.1 Asia Pacific
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 Europe
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 North America
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 Middle East and Africa
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Latin America
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast

11 SWOT Analysis

• 11.1 Overview
• 11.2 Strengths
• 11.3 Weaknesses
• 11.4 Opportunities
• 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

• 13.1 Overview
• 13.2 Bargaining Power of Buyers
• 13.3 Bargaining Power of Suppliers
• 13.4 Degree of Competition
• 13.5 Threat of New Entrants
• 13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

• 15.1 Market Structure
• 15.2 Key Players
• 15.3 Profiles of Key Players
  • 15.3.1 Kawasaki Heavy Industries
  • 15.3.2 Siemens
  • 15.3.3 GE
  • 15.3.4 MHPS
  • 15.3.5 Ansaldo
  • 15.3.6 Harbin Electric
  • 15.3.7 OPRA
  • 15.3.8 MAN Diesel
  • 15.3.9 Solar Turbines
  • 15.3.10 Vericor Power
  • 15.3.11 BHEL
  • 15.3.12 Centrax
  • 15.3.13 Zorya
  • 15.3.14 Caterpillar
  • 15.3.15 General Electric
  • 15.3.16 Mitsubishi Heavy Industries