The global market for Gas Turbine was estimated to be worth US$ 16,743.83 million in 2024 and is forecast to a readjusted size of US$ 30,152.49 million by 2031 with a CAGR of 7.96% during the forecast period 2025-2031.
North American market for Gas Turbine was valued at $ 5,742.56 million in 2024 and will reach $ 10,596.25 million by 2031, at a CAGR of 8.22% during the forecast period of 2025 through 2031.
Asia-Pacific market for Gas Turbine was valued at $ 5,694.51 million in 2024 and will reach $ 11,080.24 million by 2031, at a CAGR of 8.84% during the forecast period of 2025 through 2031.
Europe market for Gas Turbine was valued at $ 2,778.97 million in 2024 and will reach $ 3,980.60 million by 2031, at a CAGR of 4.95 % during the forecast period of 2025 through 2031.
The global key companies of Gas Turbine include GE Vernova, Siemens Energy, MHPS, Dongfang Electric Corporation, Solar Turbines, Baker Hughes, Ansaldo, Kawasaki, and BHEL, etc. In 2024, the global three largest players hold a share approximately 71.60 % in terms of revenue.
This report aims to provide a comprehensive presentation of the global market for Gas Turbine, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Gas Turbine by region & country, by Type, and by Application.
The Gas Turbine market size, estimations, and forecasts are provided in terms of sales volume (MW) 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 Turbine.
Market Segmentation
By Company
- GE Vernova
- Siemens Energy
- MHPS
- Dongfang Electric Corporation
- Solar Turbines
- Baker Hughes
- Ansaldo
- Kawasaki
- BHEL
Segment by Type
- Heavy Duty Gas Turbine
- Aeroderivative Gas Turbine
- Light Duty Gas Turbine
Segment by Application
- Power Generation
- Oil & Gas
- Other
By Region
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- Uk
- Italy
- Spain
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Middle East
- Africa
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Gas Turbine manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Gas Turbine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Gas Turbine in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Gas Turbine Product Introduction
- 1.2 Global Gas Turbine Market Size Forecast
- 1.2.1 Global Gas Turbine Sales Value (2020-2031)
- 1.2.2 Global Gas Turbine Sales Volume (2020-2031)
- 1.2.3 Global Gas Turbine Sales Price (2020-2031)
- 1.3 Gas Turbine Market Trends & Drivers
- 1.3.1 Gas Turbine Industry Trends
- 1.3.2 Gas Turbine Market Drivers & Opportunity
- 1.3.3 Gas Turbine Market Challenges
- 1.3.4 Gas Turbine Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Gas Turbine Players Revenue Ranking (2024)
- 2.2 Global Gas Turbine Revenue by Company (2020-2025)
- 2.3 Global Gas Turbine Players Sales Volume Ranking (2024)
- 2.4 Global Gas Turbine Sales Volume by Company Players (2020-2025)
- 2.5 Global Gas Turbine Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Gas Turbine Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Establish Date of Gas Turbine
- 2.8 Gas Turbine Market Competitive Analysis
- 2.8.1 Gas Turbine Market Concentration Rate (2020-2025)
- 2.8.2 Global 5 Largest Manufacturers by Gas Turbine Revenue in 2024
- 2.8.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Gas Turbine as of 2024)
- 2.9 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Heavy Duty Gas Turbine
- 3.1.2 Aeroderivative Gas Turbine
- 3.1.3 Light Duty Gas Turbine
- 3.2 Global Gas Turbine Sales Value by Type
- 3.2.1 Global Gas Turbine Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Gas Turbine Sales Value, by Type (2020-2031)
- 3.2.3 Global Gas Turbine Sales Value, by Type (%) (2020-2031)
- 3.3 Global Gas Turbine Sales Volume by Type
- 3.3.1 Global Gas Turbine Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Gas Turbine Sales Volume, by Type (2020-2031)
- 3.3.3 Global Gas Turbine Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Gas Turbine Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Power Generation
- 4.1.2 Oil & Gas
- 4.1.3 Other
- 4.2 Global Gas Turbine Sales Value by Application
- 4.2.1 Global Gas Turbine Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Gas Turbine Sales Value, by Application (2020-2031)
- 4.2.3 Global Gas Turbine Sales Value, by Application (%) (2020-2031)
- 4.3 Global Gas Turbine Sales Volume by Application
- 4.3.1 Global Gas Turbine Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Gas Turbine Sales Volume, by Application (2020-2031)
- 4.3.3 Global Gas Turbine Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Gas Turbine Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Gas Turbine Sales Value by Region
- 5.1.1 Global Gas Turbine Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Gas Turbine Sales Value by Region (2020-2025)
- 5.1.3 Global Gas Turbine Sales Value by Region (2026-2031)
- 5.1.4 Global Gas Turbine Sales Value by Region (%), (2020-2031)
- 5.2 Global Gas Turbine Sales Volume by Region
- 5.2.1 Global Gas Turbine Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Gas Turbine Sales Volume by Region (2020-2025)
- 5.2.3 Global Gas Turbine Sales Volume by Region (2026-2031)
- 5.2.4 Global Gas Turbine Sales Volume by Region (%), (2020-2031)
- 5.3 North America
- 5.3.1 North America Gas Turbine Sales Value, 2020-2031
- 5.3.2 North America Gas Turbine Sales Value by Country (%), 2024 VS 2031
- 5.4 Europe
- 5.4.1 Europe Gas Turbine Sales Value, 2020-2031
- 5.4.2 Europe Gas Turbine Sales Value by Country (%), 2024 VS 2031
- 5.5 Asia Pacific
- 5.5.1 Asia Pacific Gas Turbine Sales Value, 2020-2031
- 5.5.2 Asia Pacific Gas Turbine Sales Value by Region (%), 2024 VS 2031
- 5.6 Latin America
- 5.6.1 Latin America Gas Turbine Sales Value, 2020-2031
- 5.6.2 Latin America Gas Turbine Sales Value by Country (%), 2024 VS 2031
- 5.7 Middle East & Africa
- 5.7.1 Middle East & Africa Gas Turbine Sales Value, 2020-2031
- 5.7.2 Middle East & Africa Gas Turbine Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Gas Turbine Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Gas Turbine Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Gas Turbine Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Gas Turbine Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Gas Turbine Sales Value, 2020-2031
- 6.3.2 United States Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Gas Turbine Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Gas Turbine Sales Value, 2020-2031
- 6.4.2 Europe Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Gas Turbine Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Gas Turbine Sales Value, 2020-2031
- 6.5.2 China Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Gas Turbine Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Gas Turbine Sales Value, 2020-2031
- 6.6.2 Japan Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Gas Turbine Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Gas Turbine Sales Value, 2020-2031
- 6.7.2 South Korea Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Gas Turbine Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Gas Turbine Sales Value, 2020-2031
- 6.8.2 Southeast Asia Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Gas Turbine Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Gas Turbine Sales Value, 2020-2031
- 6.9.2 India Gas Turbine Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Gas Turbine Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 GE Vernova
- 7.1.1 GE Vernova Company Information
- 7.1.2 GE Vernova Introduction and Business Overview
- 7.1.3 GE Vernova Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 GE Vernova Gas Turbine Product Offerings
- 7.2 Siemens Energy
- 7.2.1 Siemens Energy Company Information
- 7.2.2 Siemens Energy Introduction and Business Overview
- 7.2.3 Siemens Energy Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Siemens Energy Gas Turbine Product Offerings
- 7.3 MHPS
- 7.3.1 MHPS Company Information
- 7.3.2 MHPS Introduction and Business Overview
- 7.3.3 MHPS Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 MHPS Gas Turbine Product Offerings
- 7.4 Dongfang Electric Corporation
- 7.4.1 Dongfang Electric Corporation Company Information
- 7.4.2 Dongfang Electric Corporation Introduction and Business Overview
- 7.4.3 Dongfang Electric Corporation Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Dongfang Electric Corporation Gas Turbine Product Offerings
- 7.5 Solar Turbines
- 7.5.1 Solar Turbines Company Information
- 7.5.2 Solar Turbines Introduction and Business Overview
- 7.5.3 Solar Turbines Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Solar Turbines Gas Turbine Product Offerings
- 7.6 Baker Hughes
- 7.6.1 Baker Hughes Company Information
- 7.6.2 Baker Hughes Introduction and Business Overview
- 7.6.3 Baker Hughes Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Baker Hughes Gas Turbine Product Offerings
- 7.7 Ansaldo
- 7.7.1 Ansaldo Company Information
- 7.7.2 Ansaldo Introduction and Business Overview
- 7.7.3 Ansaldo Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Ansaldo Gas Turbine Product Offerings
- 7.8 Kawasaki
- 7.8.1 Kawasaki Company Information
- 7.8.2 Kawasaki Introduction and Business Overview
- 7.8.3 Kawasaki Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Kawasaki Gas Turbine Product Offerings
- 7.9 BHEL
- 7.9.1 BHEL Company Information
- 7.9.2 BHEL Introduction and Business Overview
- 7.9.3 BHEL Gas Turbine Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 BHEL Gas Turbine Product Offerings
8 Industry Chain Analysis
- 8.1 Gas Turbine Industrial Chain
- 8.2 Gas Turbine Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Downstream Analysis (Customers Analysis)
- 8.4 Sales Model and Sales Channels
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.2 Data Source
- 10.2 Author Details
- 10.3 Disclaimer 117