The global gas turbine market size was USD 26.18 billion in 2023, estimated at USD 28.14 billion in 2024 and is anticipated to reach around USD 57.44 billion by 2034, expanding at a CAGR of 7.4% from 2024 to 2034.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
7.1. Gas Turbine Market, by Capacity Type, 2024-2034
7.1.1. > 500 kW to 1 MW
7.1.1.1. Market Revenue and Forecast (2021-2034)
7.1.2. > 1 MW to 30 MW
7.1.2.1. Market Revenue and Forecast (2021-2034)
7.1.3. < 50 kW
7.1.3.1. Market Revenue and Forecast (2021-2034)
7.1.4. 50 kW to 500 kW
7.1.4.1. Market Revenue and Forecast (2021-2034)
7.1.5. > 70 MW to 200 MW
7.1.5.1. Market Revenue and Forecast (2021-2034)
7.1.6. >30 MW to 70 MW
7.1.6.1. Market Revenue and Forecast (2021-2034)
8.1. Gas Turbine Market, by Product, 2024-2034
8.1.1. Heavy Duty
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Aero-Derivative
8.1.2.1. Market Revenue and Forecast (2021-2034)
9.1. Gas Turbine Market, by Technology Type, 2024-2034
9.1.1. Combined Cycle
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Open Cycle
9.1.2.1. Market Revenue and Forecast (2021-2034)
10.1. Gas Turbine Market, by Application, 2024-2034
10.1.1. Process Plants
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Power Plants
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Oil & Gas
10.1.3.1. Market Revenue and Forecast (2021-2034)
10.1.4. Aviation
10.1.4.1. Market Revenue and Forecast (2021-2034)
10.1.5. Marine
10.1.5.1. Market Revenue and Forecast (2021-2034)
10.1.6. Others
10.1.6.1. Market Revenue and Forecast (2021-2034)
11.1. North America
11.1.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.1.2. Market Revenue and Forecast, by Product (2021-2034)
11.1.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.1.4. Market Revenue and Forecast, by Application (2021-2034)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.1.5.2. Market Revenue and Forecast, by Product (2021-2034)
11.1.5.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.1.5.4. Market Revenue and Forecast, by Application (2021-2034)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.1.6.2. Market Revenue and Forecast, by Product (2021-2034)
11.1.6.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.1.6.4. Market Revenue and Forecast, by Application (2021-2034)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.2.2. Market Revenue and Forecast, by Product (2021-2034)
11.2.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.2.4. Market Revenue and Forecast, by Application (2021-2034)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.2.5.2. Market Revenue and Forecast, by Product (2021-2034)
11.2.5.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.2.5.4. Market Revenue and Forecast, by Application (2021-2034)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.2.6.2. Market Revenue and Forecast, by Product (2021-2034)
11.2.6.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.2.6.4. Market Revenue and Forecast, by Application (2021-2034)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.2.7.2. Market Revenue and Forecast, by Product (2021-2034)
11.2.7.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.2.7.4. Market Revenue and Forecast, by Application (2021-2034)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.2.8.2. Market Revenue and Forecast, by Product (2021-2034)
11.2.8.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.2.8.4. Market Revenue and Forecast, by Application (2021-2034)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.3.2. Market Revenue and Forecast, by Product (2021-2034)
11.3.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.3.4. Market Revenue and Forecast, by Application (2021-2034)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.3.5.2. Market Revenue and Forecast, by Product (2021-2034)
11.3.5.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.3.5.4. Market Revenue and Forecast, by Application (2021-2034)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.3.6.2. Market Revenue and Forecast, by Product (2021-2034)
11.3.6.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.3.6.4. Market Revenue and Forecast, by Application (2021-2034)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.3.7.2. Market Revenue and Forecast, by Product (2021-2034)
11.3.7.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.3.7.4. Market Revenue and Forecast, by Application (2021-2034)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.3.8.2. Market Revenue and Forecast, by Product (2021-2034)
11.3.8.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.3.8.4. Market Revenue and Forecast, by Application (2021-2034)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.4.2. Market Revenue and Forecast, by Product (2021-2034)
11.4.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.4.4. Market Revenue and Forecast, by Application (2021-2034)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.4.5.2. Market Revenue and Forecast, by Product (2021-2034)
11.4.5.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.4.5.4. Market Revenue and Forecast, by Application (2021-2034)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.4.6.2. Market Revenue and Forecast, by Product (2021-2034)
11.4.6.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.4.6.4. Market Revenue and Forecast, by Application (2021-2034)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.4.7.2. Market Revenue and Forecast, by Product (2021-2034)
11.4.7.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.4.7.4. Market Revenue and Forecast, by Application (2021-2034)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.4.8.2. Market Revenue and Forecast, by Product (2021-2034)
11.4.8.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.4.8.4. Market Revenue and Forecast, by Application (2021-2034)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.5.2. Market Revenue and Forecast, by Product (2021-2034)
11.5.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.5.4. Market Revenue and Forecast, by Application (2021-2034)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.5.5.2. Market Revenue and Forecast, by Product (2021-2034)
11.5.5.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.5.5.4. Market Revenue and Forecast, by Application (2021-2034)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Capacity (2021-2034)
11.5.6.2. Market Revenue and Forecast, by Product (2021-2034)
11.5.6.3. Market Revenue and Forecast, by Technology Type (2021-2034)
11.5.6.4. Market Revenue and Forecast, by Application (2021-2034)
12.1. Wartsila
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. BHEL
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Mitsubishi Hitachi Power Systems
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Harbin Electric International Company
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Siemens AG
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Man Diesel & Turbo
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. General Electric
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. NPO Saturn
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Kawasaki Heavy Industries
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Solar Turbines
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Capstone Turbine
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
12.12. Vericor Power Systems
12.12.1. Company Overview
12.12.2. Product Offerings
12.12.3. Financial Performance
12.12.4. Recent Initiatives
12.13. Cryosta
12.13.1. Company Overview
12.13.2. Product Offerings
12.13.3. Financial Performance
12.13.4. Recent Initiatives
12.14. AnsaldoEnergia
12.14.1. Company Overview
12.14.2. Product Offerings
12.14.3. Financial Performance
12.14.4. Recent Initiatives
12.15. Opra Turbines
12.15.1. Company Overview
12.15.2. Product Offerings
12.15.3. Financial Performance
12.15.4. Recent Initiatives
12.16. Zorya-Mashproekt
12.16.1. Company Overview
12.16.2. Product Offerings
12.16.3. Financial Performance
12.16.4. Recent Initiatives
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
14.1. About Us
14.2. Glossary of Terms
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