Inquire Before Buying - Gas Turbine Market Size, Share, Industry Analysis & Report 2030

Global Gas Turbine Market Research Report: Forecast (2024-2030)

Gas Turbine Market Report - By Technology (Open Cycle, Combined Cycle), By Design Type (Heavy Duty, Aero-derivative), By Rating Capacity (1-40 MW, 41- 120 MW, 121- 300 MW, Above 30......0 MW), By End User (Industrial Power Generation, Oil & Space, Municipality, Other Industries), and other Read more

Energy
Dec 2023
Pages 198
Report Format: PDF, Excel, PPT

Market Definition

An internal combustion engine that transforms hot gas energy into mechanical energy is called a gas turbine. Fuel, such as jet fuel or natural gas, is burned in a combustion chamber to power gas turbines. After passing through a turbine, the hot gases from the combustion chamber are expanded, converting their thermal energy into rotating mechanical energy.

Market Insights & Analysis: Global Gas Turbine Market (2024-30):

The Global Gas Turbine Market size is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. Several reasons are propelling the market's growth, including the growing need for cleaner energy sources & electricity, the expansion of the aviation sector, the growing trend of distributed power generation, technical developments, government initiatives and regulations, etc. However, one of the main factors influencing market size is the fast-rising demand for energy brought on by factors such as growing urbanization, industrialization, economic development, etc.

Report Coverage	Details
Study Period	Historical Data: 2019-22
	Base Year: 2023
	Forecast Period: 2024-30
CAGR (2024-2030)	5.3%
Regions Covered	North America: US, Canada, Mexico, Rest of North America
	South America: Brazil, Argentina, Rest of South America
	Europe: Germany, UK, France, Italy, Spain, Rest of Europe
	Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific
	Middle East & Africa: The UAE, Saudi Arabia, Egypt, South Africa, Rest of Middle East & Africa
Key Companies Profiled	Ansaldo Energia, Bharat Heavy Electricals Limited, Capestone Green Energy Corporation, Caterpillar Inc. (Solar Turbines Incorporated), General Electric, Harbin Electric Corporation, IHI Corporation, Kawasaki Heavy Industries. Ltd. , Mitsubishi Heavy Industries Ltd., Siemens Energy, Rolls-Royce Plc, Destinus Energy, MTU Aero Engines, Centrax Gas Turbine, Others
Market Value	USD Value

The Global Gas Turbine Market is seeing new prospects as hybrid power plants become more widely used. Gas turbines are combined with other energy sources, such as energy storage devices and renewable energy sources like solar and wind power, to form hybrid power plants, which are more adaptable and efficient. Additionally, due to several factors, including high efficiency, environmental performance, adaptability, quick start-up and response, operating efficiency at both base load and peaking capacity and worldwide deployment, the combined cycle segment is regarded as the most preferred segment. Therefore, it is expected in the upcoming years, that the combined cycle segment will boost the size of the Global Gas Turbine Market.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
Global Gas Turbine Market Trends & Insights
Global Gas Turbine Market Import/Export Analyses
Global Gas Turbine Market Dynamics
1. Drivers
2. Challenges
Global Gas Turbine Market Policies & Regulations
Global Gas Turbine Market Hotspot & Opportunities
Global Gas Turbine Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Technology
    1. Open Cycle - Market Size & Forecast 2019-2030F, USD Million
    2. Combined Cycle - Market Size & Forecast 2019-2030F, USD Million
  2. By Design Type
    1. Heavy Duty- Market Size & Forecast 2019-2030F, USD Million
    2. Aero-derivative- Market Size & Forecast 2019-2030F, USD Million
  3. By Rating Capacity
    1. 1-40 MW- Market Size & Forecast 2019-2030F, USD Million
    2. 41- 120 MW- Market Size & Forecast 2019-2030F, USD Million
    3. 121- 300 MW- Market Size & Forecast 2019-2030F, USD Million
    4. Above 300 MW- Market Size & Forecast 2019-2030F, USD Million
  4. By End User
    1. Industrial Power Generation- Market Size & Forecast 2019-2030F, USD Million
    2. Oil & Space- Market Size & Forecast 2019-2030F, USD Million
    3. Municipality- Market Size & Forecast 2019-2030F, USD Million
    4. Other Industries (Manufacturing, Aerospace, etc.)- Market Size & Forecast 2019-2030F, USD Million
  5. By Region
    1. North America
    2. South America
    3. Europe
    4. The Middle East & Africa
    5. Asia-Pacific
  6. By Company
    1. Competition Characteristics
    2. Market Share of Leading Companies
North America Gas Turbine Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Design Type- Market Size & Forecast 2019-2030, USD Million
  3. By Rating Capacity- Market Size & Forecast 2019-2030, USD Million
  4. By End User- Market Size & Forecast 2019-2030, USD Million
  5. By Country
    1. The US
    2. Canada
    3. Mexico
3. The US Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type- Market Size & Forecast 2019-2030, USD Million
4. Canada Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
5. Mexico Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
South America Gas Turbine Market Outlook, 2019-2030Fpro
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Design Type- Market Size & Forecast 2019-2030, USD Million
  3. By Rating Capacity- Market Size & Forecast 2019-2030, USD Million
  4. By End User- Market Size & Forecast 2019-2030, USD Million
  5. By Country
    1. Brazil
    2. Argentina
    3. Rest of South America
3. Brazil Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
4. Argentina Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
Europe Gas Turbine Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Design Type- Market Size & Forecast 2019-2030, USD Million
  3. By Rating Capacity- Market Size & Forecast 2019-2030, USD Million
  4. By End User- Market Size & Forecast 2019-2030, USD Million
  5. By Country
    1. The UK
    2. Germany
    3. France
    4. Italy
    5. Spain
    6. Rest of Europe
3. The UK Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
4. Germany Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
5. France Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type- Market Size & Forecast 2019-2030, USD Million
6. Italy Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
7. Spain Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology - Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
The Middle East & Africa Gas Turbine Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Design Type- Market Size & Forecast 2019-2030, USD Million
  3. By Rating Capacity- Market Size & Forecast 2019-2030, USD Million
  4. By End User- Market Size & Forecast 2019-2030, USD Million
  5. By Country
    1. The UAE
    2. Saudi Arabia
    3. South Africa
    4. Egypt
    5. Rest of the Middle East & Africa
3. The UAE Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
4. Saudi Arabia Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
5. South Africa Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
6. Egypt Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
Asia-Pacific Gas Turbine Market Outlook, 2019-2030F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Technology- Market Size & Forecast 2019-2030, USD Million
  2. By Design Type- Market Size & Forecast 2019-2030, USD Million
  3. By Rating Capacity- Market Size & Forecast 2019-2030, USD Million
  4. By End User- Market Size & Forecast 2019-2030, USD Million
  5. By Country
    1. China
    2. Japan
    3. India
    4. South Korea
    5. Australia
    6. Rest of Asia-Pacific
3. China Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology - Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
4. Japan Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology - Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
5. India Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology - Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
6. South Korea Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
7. Australia Gas Turbine Market Outlook, 2019-2030F
  1. Market Size & Analysis
    1. By Revenues (USD Million)
  2. Market Share & Analysis
    1. By Technology- Market Size & Forecast 2019-2030, USD Million
    2. By Design Type - Market Size & Forecast 2019-2030, USD Million
Global Gas Turbine Market Strategic Imperatives for Success & Growth
Competitive Outlook
1. Company Profiles
  1. Ansaldo Energia
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. Bharat Heavy Electricals Limited
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Capestone Green Energy Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Caterpillar Inc. (Solar Turbines Incorporated)
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. General Electric
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Harbin Electric Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. IHI Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Kawasaki Heavy Industries. Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  9. Mitsubishi Heavy Industries Ltd.
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  10. Siemens Energy
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  11. Rolls-Royce Plc
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  12. Destinus Energy
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  13. MTU Aero Engines
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  14. Centrax Gas Turbine
    1. Product Portfolio
    2. Strategic Alliances or Partnerships
    3. Recent Developments
    4. Financial Details
    5. Others
  15. Others (Doosan Enerbility, Man Energy Solutions, etc.)
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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