The global gas turbine market size is calculated at USD 30.24 billion in 2025 and is forecasted to reach around USD 57.44 billion by 2034, accelerating at a CAGR of 7.4% from 2025 to 2034.The Asia Pacific gas turbine market size surpassed USD 11.19 billion in 2025 and is expanding at a CAGR of 8% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
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
7.1.1. > 500 kW to 1 MW
7.1.1.1. Market Revenue and Forecast
7.1.2. > 1 MW to 30 MW
7.1.2.1. Market Revenue and Forecast
7.1.3. < 50 kW
7.1.3.1. Market Revenue and Forecast
7.1.4. 50 kW to 500 kW
7.1.4.1. Market Revenue and Forecast
7.1.5. > 70 MW to 200 MW
7.1.5.1. Market Revenue and Forecast
7.1.6. >30 MW to 70 MW
7.1.6.1. Market Revenue and Forecast
8.1. Gas Turbine Market, by Product
8.1.1. Heavy Duty
8.1.1.1. Market Revenue and Forecast
8.1.2. Aero-Derivative
8.1.2.1. Market Revenue and Forecast
9.1. Gas Turbine Market, by Technology Type
9.1.1. Combined Cycle
9.1.1.1. Market Revenue and Forecast
9.1.2. Open Cycle
9.1.2.1. Market Revenue and Forecast
10.1. Gas Turbine Market, by Application
10.1.1. Process Plants
10.1.1.1. Market Revenue and Forecast
10.1.2. Power Plants
10.1.2.1. Market Revenue and Forecast
10.1.3. Oil & Gas
10.1.3.1. Market Revenue and Forecast
10.1.4. Aviation
10.1.4.1. Market Revenue and Forecast
10.1.5. Marine
10.1.5.1. Market Revenue and Forecast
10.1.6. Others
10.1.6.1. Market Revenue and Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Capacity
11.1.2. Market Revenue and Forecast, by Product
11.1.3. Market Revenue and Forecast, by Technology Type
11.1.4. Market Revenue and Forecast, by Application
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, by Capacity
11.1.5.2. Market Revenue and Forecast, by Product
11.1.5.3. Market Revenue and Forecast, by Technology Type
11.1.5.4. Market Revenue and Forecast, by Application
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, by Capacity
11.1.6.2. Market Revenue and Forecast, by Product
11.1.6.3. Market Revenue and Forecast, by Technology Type
11.1.6.4. Market Revenue and Forecast, by Application
11.2. Europe
11.2.1. Market Revenue and Forecast, by Capacity
11.2.2. Market Revenue and Forecast, by Product
11.2.3. Market Revenue and Forecast, by Technology Type
11.2.4. Market Revenue and Forecast, by Application
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, by Capacity
11.2.5.2. Market Revenue and Forecast, by Product
11.2.5.3. Market Revenue and Forecast, by Technology Type
11.2.5.4. Market Revenue and Forecast, by Application
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, by Capacity
11.2.6.2. Market Revenue and Forecast, by Product
11.2.6.3. Market Revenue and Forecast, by Technology Type
11.2.6.4. Market Revenue and Forecast, by Application
11.2.7. France
11.2.7.1. Market Revenue and Forecast, by Capacity
11.2.7.2. Market Revenue and Forecast, by Product
11.2.7.3. Market Revenue and Forecast, by Technology Type
11.2.7.4. Market Revenue and Forecast, by Application
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, by Capacity
11.2.8.2. Market Revenue and Forecast, by Product
11.2.8.3. Market Revenue and Forecast, by Technology Type
11.2.8.4. Market Revenue and Forecast, by Application
11.3. APAC
11.3.1. Market Revenue and Forecast, by Capacity
11.3.2. Market Revenue and Forecast, by Product
11.3.3. Market Revenue and Forecast, by Technology Type
11.3.4. Market Revenue and Forecast, by Application
11.3.5. India
11.3.5.1. Market Revenue and Forecast, by Capacity
11.3.5.2. Market Revenue and Forecast, by Product
11.3.5.3. Market Revenue and Forecast, by Technology Type
11.3.5.4. Market Revenue and Forecast, by Application
11.3.6. China
11.3.6.1. Market Revenue and Forecast, by Capacity
11.3.6.2. Market Revenue and Forecast, by Product
11.3.6.3. Market Revenue and Forecast, by Technology Type
11.3.6.4. Market Revenue and Forecast, by Application
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, by Capacity
11.3.7.2. Market Revenue and Forecast, by Product
11.3.7.3. Market Revenue and Forecast, by Technology Type
11.3.7.4. Market Revenue and Forecast, by Application
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, by Capacity
11.3.8.2. Market Revenue and Forecast, by Product
11.3.8.3. Market Revenue and Forecast, by Technology Type
11.3.8.4. Market Revenue and Forecast, by Application
11.4. MEA
11.4.1. Market Revenue and Forecast, by Capacity
11.4.2. Market Revenue and Forecast, by Product
11.4.3. Market Revenue and Forecast, by Technology Type
11.4.4. Market Revenue and Forecast, by Application
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, by Capacity
11.4.5.2. Market Revenue and Forecast, by Product
11.4.5.3. Market Revenue and Forecast, by Technology Type
11.4.5.4. Market Revenue and Forecast, by Application
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, by Capacity
11.4.6.2. Market Revenue and Forecast, by Product
11.4.6.3. Market Revenue and Forecast, by Technology Type
11.4.6.4. Market Revenue and Forecast, by Application
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, by Capacity
11.4.7.2. Market Revenue and Forecast, by Product
11.4.7.3. Market Revenue and Forecast, by Technology Type
11.4.7.4. Market Revenue and Forecast, by Application
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, by Capacity
11.4.8.2. Market Revenue and Forecast, by Product
11.4.8.3. Market Revenue and Forecast, by Technology Type
11.4.8.4. Market Revenue and Forecast, by Application
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Capacity
11.5.2. Market Revenue and Forecast, by Product
11.5.3. Market Revenue and Forecast, by Technology Type
11.5.4. Market Revenue and Forecast, by Application
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, by Capacity
11.5.5.2. Market Revenue and Forecast, by Product
11.5.5.3. Market Revenue and Forecast, by Technology Type
11.5.5.4. Market Revenue and Forecast, by Application
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, by Capacity
11.5.6.2. Market Revenue and Forecast, by Product
11.5.6.3. Market Revenue and Forecast, by Technology Type
11.5.6.4. Market Revenue and Forecast, by Application
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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