Gas Turbine Market 2024-2028
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overview_1
Incremental Growth2024-2028 (US$mn)

$ 2650.24

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2024 Year-over-Year Growth

1.7%

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CAGR (2024-2028)

1.86%

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Report Coverage

Global

Gas Turbine Market Segmentation

Market Segmentation & Scope
Product
Heavy-duty gas turbine Aeroderivative gas turbine
Technology
CCGT OCGT

Geography

Europe

UK France Germany

APAC

China India Japan South Korea

North America

US Canada

South America

Brazil

Middle East and Africa

UAE

Market Segment by Geographic Landscape

regional_img

47%

of the growth will originate

from APAC

Global Market Size 2018 - 2028 (US$ Mn)

Market is segmented by Product into Heavy-duty gas turbine, Aeroderivative gas turbine

The Heavy-duty gas turbine is expected to be largest growing segment during 2024-2028

Largest Segment - Heavy-duty gas turbine

US$ 92,396.82 Mn

Gas Turbine Market by Product into Heavy-duty gas turbine; 2018-2028 (US$ Mn)

Heavy-duty gas turbine Market Revenue and Forecast 2018-2028 (US$ Mn)

Heavy-duty gas turbine

  • Heavy-duty gas turbine Market Size and Forecast 2018 to 2028 (US$ Mn)

Gas Turbine Market by Product into Aeroderivative gas turbine; 2018-2028 (US$ Mn)

Aeroderivative gas turbine Market Revenue and Forecast 2018-2028 (US$ Mn)

Aeroderivative gas turbine

  • Aeroderivative gas turbine Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Technology into CCGT, OCGT

The CCGT is expected to be largest growing segment during 2024-2028

Largest Segment - Ccgt

US$ 94,259.68 Mn

Gas Turbine Market Size by Segmentation, by Technology (US$ Mn)

Technology 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
CCGT XX XX XX XX XX XX XX XX XX XX XX
OCGT XX XX XX XX XX XX XX XX XX XX XX

Gas Turbine Market by Technology into CCGT; 2018-2028 (US$ Mn)

CCGT Market Revenue and Forecast 2018-2028 (US$ Mn)

CCGT

  • CCGT Market Size and Forecast 2018 to 2028 (US$ Mn)

Gas Turbine Market by Technology into OCGT; 2018-2028 (US$ Mn)

OCGT Market Revenue and Forecast 2018-2028 (US$ Mn)

OCGT

  • OCGT Market Size and Forecast 2018 to 2028 (US$ Mn)

Market is segmented by Geography into North America, APAC, Europe, South America, Middle East and Africa

The APAC is estimated to contribute 47% to the growth of global market during the forecast period 2024-2028.

Largest Segment - APAC

47%

Regional share of different regions, including APAC, North America, Europe, Middle East and Africa

Region 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 CAGR (%)
North America 8601.54 XX XX XX XX XX XX XX XX XX XX XX
APAC XX 7032.74 XX XX XX XX XX XX XX XX XX XX
Europe XX XX 4455.99 XX XX XX XX XX XX XX XX XX
South America XX XX XX 3940.95 4002.99 XX XX XX XX XX XX XX
Middle East and Africa XX XX XX XX XX XX XX XX XX XX XX XX

Gas Turbine Market Size by Geography into North America; 2018-2028 (US$ Mn)

North America Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Country into US; 2018-2028 (US$ Mn)

US Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Geography into APAC; 2018-2028 (US$ Mn)

APAC Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Country into China; 2018-2028 (US$ Mn)

China Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Country into India; 2018-2028 (US$ Mn)

India Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Country into Japan; 2018-2028 (US$ Mn)

Japan Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Geography into Europe; 2018-2028 (US$ Mn)

Europe Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Country into Germany; 2018-2028 (US$ Mn)

Germany Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Geography into South America; 2018-2028 (US$ Mn)

South America Market Revenue and Forecast 2018-2028 (US$ Mn)

Gas Turbine Market Size by Geography into Middle East and Africa; 2018-2028 (US$ Mn)

Middle East and Africa Market Revenue and Forecast 2018-2028 (US$ Mn)

Major Companies

Market Companies

Name Profile Employees Headquarters Website
Ansaldo Energia SpaView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Bharat Heavy Electricals Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Capstone Green Energy Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Caterpillar Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Doosan Heavy Industries and Construction Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Electric Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Harbin Electric Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
IHI Aerospace Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Kawasaki Heavy Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MAN Energy Solutions SEView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MAPNA Group Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mitsubishi Heavy Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Motor Sich JSCView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MTU Aero Engines AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Rolls Royce Holdings PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Siemens Energy AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Solar Turbines Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Wartsila Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Shanghai Electric Group Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
OPRA Turbines BVView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com

Gas Turbine Market Scope

  1. By Product
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Product, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Product, 2024 to 2028
      1. Heavy-duty gas turbine
      2. Aeroderivative gas turbine
    4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Product, 2024 to 2028
  2. By Technology
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Technology, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Technology, 2024 to 2028
      1. CCGT
      2. OCGT
    4. Y-o-Y Growth Trend Analysis By Technology, 2018 to 2022
    5. Absolute $ Opportunity Analysis By Technology, 2024 to 2028
  3. By Region
    1. Introduction / Key Findings
    2. Historical Market Size Value (US$ million) Analysis By Region, 2018 to 2022
    3. Current and Future Market Size Value (US$ million) Analysis and Forecast By Region, 2024 to 2028
      1. APAC
      2. North America
      3. Europe
      4. Middle East and Africa
      5. South America
  4. APAC Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. China
      2. India
      3. Japan
    4. By Product
    5. By Technology
  5. North America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. US
    4. By Product
    5. By Technology
  6. Europe Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Country
      1. Germany
    4. By Product
    5. By Technology
  7. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Technology
  8. South America Market Analysis 2018 to 2022 and Forecast 2024 to 2028, By Country
    1. Historical Market Size Value (US$ million) Trend Analysis By Market, 2018 to 2022
    2. Market Size Value (US$ million) Forecast By Market, 2024 to 2028
    3. By Product
    4. By Technology

Major Companies

Market companies

Name Profile Employees Headquarters Website
Ansaldo Energia SpaView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Bharat Heavy Electricals Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Capstone Green Energy Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Caterpillar Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Doosan Heavy Industries and Construction Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
General Electric Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Harbin Electric Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
IHI Aerospace Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Kawasaki Heavy Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MAN Energy Solutions SEView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MAPNA Group Co.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Mitsubishi Heavy Industries Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Motor Sich JSCView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
MTU Aero Engines AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Rolls Royce Holdings PlcView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Siemens Energy AGView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Solar Turbines Inc.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Wartsila Corp.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
Shanghai Electric Group Co. Ltd.View Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
OPRA Turbines BVView Profiletable_profile101-250Santa Clara, California, United States, North Americaavinetworks.com
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