Gas Turbine Market Overview

The global gas turbine market size was valued at USD 21.5 billion in 2024 and is projected to grow from USD 22.6 billion in 2025 to reach USD 34.4 billion by 2033, exhibiting a CAGR of 5.3% during the forecast period (2025-2033).

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Gas Turbine Market Report Scope and Research Methodology

This report provides both qualitative and quantitative insights, ensuring reliability, transparency, and depth of analysis. The scope defines the boundaries and categories of the market, enabling a clear understanding of its structure and dynamics.

The study evaluates market size and forecasts by analyzing key segments and sub-segments. It also explores drivers, restraints, and opportunities—including cost optimization, government initiatives, sustainability concerns, and ongoing technological innovations. Furthermore, the report examines competitive positioning, investment patterns, and regulatory influences shaping industry development.

Gas Turbine Market Regional Insights

The regional assessment covers North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region is analyzed in terms of market share, growth trends, trade flows, and investment potential. By examining factors such as demand patterns, industry performance, and policy support, the report offers a comprehensive outlook on how the market evolves across diverse geographies.

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Gas Turbine Market Segmentation

1. By Type
   1. Combined Cycle
   2. Open-Cycle
2. By Capacity
   1. Up to 50 MW
   2. 50 MW – 100 MW
   3. Above 100 MW
3. By End-User
   1. Aerospace
   2. Marine
   3. Power
   4. Oil and Gas
   5. Chemicals
   6. Industrial
   7. Others

Gas Turbine Market Key Players

1. Ansaldo Energia
2. Baker Hughes Company
3. Bharat Heavy Electricals Limited (BHEL)
4. Destinus Energy
5. Doosan Enerbility
6. General Electric
7. IHI Corporation
8. Kawasaki Heavy Industries, Ltd.
9. MAN Energy Solutions
10. MAPNA GROUP
11. Mitsubishi Heavy Industries, Ltd.
12. Rolls-Royce plc
13. Siemens Energy
14. Solar Turbines Incorporated
15. Vericor Power Systems
16. Zorya-Mashproekt

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Key questions answered in the Gas Turbine Market are:

1. How big is the Gas Turbine market?
2. What is the expected size of Gas Turbine market?
3. How much is the global Gas Turbine market worth?
4. What is the Gas Turbine market growth?
5. Which segment accounted for the largest Gas Turbine market share?
6. What are the key Gas Turbine market segments?
7. What was the value of the Gas Turbine market in North America in 2024?
8. Which region held the largest share of the market?
9. What are the factors driving the Gas Turbine market?
10. What are the leading key players in the Gas Turbine market?
11. Who are the key players in Gas Turbine market?

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