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Gas Turbine Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology, Capacity, Application, and Geography

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    Report

  • 208 Pages
  • August 2025
  • Region: Global
  • The Insight Partners
  • ID: 6167328
Description Jump to:
The Global gas turbine market size was valued at US$ 23.19 billion in 2024 and is expected to reach US$ 32.00 billion by 2031; it is estimated to record a CAGR of 4.84% from 2025 to 2031.

Combined cycle and cogeneration power plants are highly utilized owing to their low emissions and high efficiency in power generation. The combined cycle power plants (CCPPs) leverage gas turbine generators to produce electrical energy. The waste heat generated by the gas turbine is harnessed to produce steam, which is subsequently used to generate additional electrical energy via conventional steam turbines. The output energy of this system is also used for the steam generation, by passing through the heat recovery steam generator. The electrical efficiency of a regular standard cycle power plant can be attained up to 25-40%, without leveraging the waste heat. In the case of CCPP, the efficiency up to 60% or even more can be accomplished. Additional firing can further enhance the overall efficiency of the entire procedure, improving the overall effectiveness and the entire lifecycle's cost.

CCPPs have noteworthy operational flexibility and offer tailor-made solutions for the developing energy demands. In 2024, Shell Energy North America (US), L.P. (SENA), signed an agreement to acquire a 100% equity stake in RISEC Holdings, LLC (RISEC), which owns a 609-megawatt (MW) two-unit combined-cycle gas turbine power plant in Rhode Island, the US. As per the US Energy Information Administration (EIA), eight new natural gas-fired combined cycle plants have come online in 2022, adding 7,775 MW of generating capacity to the US grid. The developers target to add 1.6 GW of Combined Cycle Gas Turbines in 2025 and plan to add 18.7 gigawatts (GW) of combined-cycle capacity to the grid by 2028, with 4.3 GW already under construction. Thus, the rising development of the combined-cycle power plants is fueling the global gas turbine market growth.

In Asia Pacific, India is among the fastest-growing economies in the gas turbine market. The country has a well-established power generation sector. Due to environmental concerns and constraints related to coal quality and supply, natural gas is anticipated to become increasingly vital in the nation's energy landscape in the coming years. The country has large gas-fired power plants located in Rajasthan, Uttar Pradesh, Gujarat, Kerala, and Haryana. Therefore, the rapid growth of the power generation sector is driving the growth of the gas turbine market in India.

The oil and gas industry in India is experiencing robust growth, and key industry leaders are investing to meet the growing demand. The Indian government allows 100% Foreign Direct Investment (FDI) in upstream exploration and production (upstream) and refining activities for the private sector. Therefore, the rapid development of the oil and gas sector and the well-established power generation industry in India provide a significant market opportunity for gas turbine products.

India's push for infrastructure modernization and expansion of its natural gas network is creating strong momentum for gas turbine adoption. As older coal-fired plants are phased out, gas turbines offer cleaner, more efficient alternatives that align with national goals for reduced emissions and improved energy reliability. The development of LNG terminals and a growing pipeline network is making natural gas more accessible across the country. This fuels demand for gas turbines in both urban and remote regions, enabling flexible power generation. These trends support a transition toward a more sustainable and resilient energy system powered by gas turbines.

GE Vernova Inc.; Siemens AG; Mitsubishi Heavy Industries Ltd; Caterpillar Inc; Kawasaki Heavy Industries Ltd; Baker Hughes Co; Capstone Green Energy Holdings, Inc.; Industrial Boilers America; Doncasters Group; and Vericor Power Systems are among the key global gas turbine market players that are profiled in this market study.

The overall global gas turbine market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the global gas turbine market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the global gas turbine market.

Reason to Buy

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global gas turbine market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global gas turbine market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Analyst Market Outlook
2.2 Market Attractiveness
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
3.3 Assumptions and Limitations
4. Gas Turbine Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in Value Chain
5. Gas Turbine Market - Key Market Dynamics
5.1 Gas Turbine Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Demand for Clean and Efficient Power Generation
5.2.2 Growing Emphasis on Combined-Cycle Power Plants
5.2.3 Surging Electricity Demand
5.2.4 Natural Gas Availability and Infrastructure Development
5.3 Market Restraints
5.3.1 Volatility in Natural Gas Prices
5.4 Market Opportunities
5.4.1 Growing proliferation of Hydrogen-Blended and Zero-Carbon Gas Turbines
5.4.2 Rise in Shale Gas Exploration and Production in North America
5.5 Future Trends
5.5.1 Digitalization and AI-Driven Predictive Maintenance
5.6 Impact of Drivers and Restraints:
6. Gas Turbine Market - Global Market Analysis
6.1 Gas Turbine Market Revenue (US$ Million), 2021-2031
6.2 Gas Turbine Market Forecast Analysis
7. Gas Turbine Market Analysis - by Technology
7.1 Open Cycle
7.1.1 Overview
7.1.2 Open Cycle: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Combined Cycle
7.2.1 Overview
7.2.2 Combined Cycle: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
8. Gas Turbine Market Analysis - by Capacity
8.1 Below 40 MW
8.1.1 Overview
8.1.2 Below 40 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
8.2-120 MW
8.2.1 Overview
8.2.2-120 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
8.3-300 MW
8.3.1 Overview
8.3.2-300 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
8.4 Above 300 MW
8.4.1 Overview
8.4.2 Above 300 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
9. Gas Turbine Market Analysis - by Application
9.1 Power Generation
9.1.1 Overview
9.1.2 Power Generation: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Oil and Gas
9.2.1 Overview
9.2.2 Oil and Gas: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Industrial
9.3.1 Overview
9.3.2 Industrial: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
10. Gas Turbine Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Gas Turbine Market Overview
10.2.2 North America: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
10.2.3 North America: Gas Turbine Market Breakdown, by Technology
10.2.3.1 North America: Gas Turbine Market - Revenue and Forecast Analysis - by Technology
10.2.4 North America: Gas Turbine Market Breakdown, by Capacity
10.2.4.1 North America: Gas Turbine Market - Revenue and Forecast Analysis - by Capacity
10.2.5 North America: Gas Turbine Market Breakdown, by Application
10.2.5.1 North America: Gas Turbine Market - Revenue and Forecast Analysis - by Application
10.2.6 North America: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.2.6.1 North America: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.2.6.2 US: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2.6.2.1 US: Gas Turbine Market Breakdown, by Technology
10.2.6.2.2 US: Gas Turbine Market Breakdown, by Capacity
10.2.6.2.3 US: Gas Turbine Market Breakdown, by Application
10.2.6.3 Canada: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2.6.3.1 Canada: Gas Turbine Market Breakdown, by Technology
10.2.6.3.2 Canada: Gas Turbine Market Breakdown, by Capacity
10.2.6.3.3 Canada: Gas Turbine Market Breakdown, by Application
10.2.6.4 Mexico: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.2.6.4.1 Mexico: Gas Turbine Market Breakdown, by Technology
10.2.6.4.2 Mexico: Gas Turbine Market Breakdown, by Capacity
10.2.6.4.3 Mexico: Gas Turbine Market Breakdown, by Application
10.3 Europe
10.3.1 Europe Gas Turbine Market Overview
10.3.2 Europe: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
10.3.3 Europe: Gas Turbine Market Breakdown, by Technology
10.3.3.1 Europe: Gas Turbine Market - Revenue and Forecast Analysis - by Technology
10.3.4 Europe: Gas Turbine Market Breakdown, by Capacity
10.3.4.1 Europe: Gas Turbine Market - Revenue and Forecast Analysis - by Capacity
10.3.5 Europe: Gas Turbine Market Breakdown, by Application
10.3.5.1 Europe: Gas Turbine Market - Revenue and Forecast Analysis - by Application
10.3.6 Europe: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.3.6.1 Europe: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.3.6.2 Germany: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3.6.2.1 Germany: Gas Turbine Market Breakdown, by Technology
10.3.6.2.2 Germany: Gas Turbine Market Breakdown, by Capacity
10.3.6.2.3 Germany: Gas Turbine Market Breakdown, by Application
10.3.6.3 France: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3.6.3.1 France: Gas Turbine Market Breakdown, by Technology
10.3.6.3.2 France: Gas Turbine Market Breakdown, by Capacity
10.3.6.3.3 France: Gas Turbine Market Breakdown, by Application
10.3.6.4 Italy: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3.6.4.1 Italy: Gas Turbine Market Breakdown, by Technology
10.3.6.4.2 Italy: Gas Turbine Market Breakdown, by Capacity
10.3.6.4.3 Italy: Gas Turbine Market Breakdown, by Application
10.3.6.5 United Kingdom: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3.6.5.1 United Kingdom: Gas Turbine Market Breakdown, by Technology
10.3.6.5.2 United Kingdom: Gas Turbine Market Breakdown, by Capacity
10.3.6.5.3 United Kingdom: Gas Turbine Market Breakdown, by Application
10.3.6.6 Russia: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3.6.6.1 Russia: Gas Turbine Market Breakdown, by Technology
10.3.6.6.2 Russia: Gas Turbine Market Breakdown, by Capacity
10.3.6.6.3 Russia: Gas Turbine Market Breakdown, by Application
10.3.6.7 Rest of Europe: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Gas Turbine Market Breakdown, by Technology
10.3.6.7.2 Rest of Europe: Gas Turbine Market Breakdown, by Capacity
10.3.6.7.3 Rest of Europe: Gas Turbine Market Breakdown, by Application
10.4 Asia Pacific
10.4.1 Asia Pacific Gas Turbine Market Overview
10.4.2 Asia Pacific: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
10.4.3 Asia Pacific: Gas Turbine Market Breakdown, by Technology
10.4.3.1 Asia Pacific: Gas Turbine Market - Revenue and Forecast Analysis - by Technology
10.4.4 Asia Pacific: Gas Turbine Market Breakdown, by Capacity
10.4.4.1 Asia Pacific: Gas Turbine Market - Revenue and Forecast Analysis - by Capacity
10.4.5 Asia Pacific: Gas Turbine Market Breakdown, by Application
10.4.5.1 Asia Pacific: Gas Turbine Market - Revenue and Forecast Analysis - by Application
10.4.6 Asia Pacific: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.4.6.1 Asia Pacific: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.4.6.2 Australia: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4.6.2.1 Australia: Gas Turbine Market Breakdown, by Technology
10.4.6.2.2 Australia: Gas Turbine Market Breakdown, by Capacity
10.4.6.2.3 Australia: Gas Turbine Market Breakdown, by Application
10.4.6.3 China: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4.6.3.1 China: Gas Turbine Market Breakdown, by Technology
10.4.6.3.2 China: Gas Turbine Market Breakdown, by Capacity
10.4.6.3.3 China: Gas Turbine Market Breakdown, by Application
10.4.6.4 India: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4.6.4.1 India: Gas Turbine Market Breakdown, by Technology
10.4.6.4.2 India: Gas Turbine Market Breakdown, by Capacity
10.4.6.4.3 India: Gas Turbine Market Breakdown, by Application
10.4.6.5 Japan: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4.6.5.1 Japan: Gas Turbine Market Breakdown, by Technology
10.4.6.5.2 Japan: Gas Turbine Market Breakdown, by Capacity
10.4.6.5.3 Japan: Gas Turbine Market Breakdown, by Application
10.4.6.6 South Korea: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4.6.6.1 South Korea: Gas Turbine Market Breakdown, by Technology
10.4.6.6.2 South Korea: Gas Turbine Market Breakdown, by Capacity
10.4.6.6.3 South Korea: Gas Turbine Market Breakdown, by Application
10.4.6.7 Rest of Asia Pacific: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.4.6.7.1 Rest of Asia Pacific: Gas Turbine Market Breakdown, by Technology
10.4.6.7.2 Rest of Asia Pacific: Gas Turbine Market Breakdown, by Capacity
10.4.6.7.3 Rest of Asia Pacific: Gas Turbine Market Breakdown, by Application
10.5 Middle East and Africa
10.5.1 Middle East and Africa Gas Turbine Market Overview
10.5.2 Middle East and Africa: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
10.5.3 Middle East and Africa: Gas Turbine Market Breakdown, by Technology
10.5.3.1 Middle East and Africa: Gas Turbine Market - Revenue and Forecast Analysis - by Technology
10.5.4 Middle East and Africa: Gas Turbine Market Breakdown, by Capacity
10.5.4.1 Middle East and Africa: Gas Turbine Market - Revenue and Forecast Analysis - by Capacity
10.5.5 Middle East and Africa: Gas Turbine Market Breakdown, by Application
10.5.5.1 Middle East and Africa: Gas Turbine Market - Revenue and Forecast Analysis - by Application
10.5.6 Middle East and Africa: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.5.6.1 Middle East and Africa: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.5.6.2 South Africa: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5.6.2.1 South Africa: Gas Turbine Market Breakdown, by Technology
10.5.6.2.2 South Africa: Gas Turbine Market Breakdown, by Capacity
10.5.6.2.3 South Africa: Gas Turbine Market Breakdown, by Application
10.5.6.3 Saudi Arabia: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Gas Turbine Market Breakdown, by Technology
10.5.6.3.2 Saudi Arabia: Gas Turbine Market Breakdown, by Capacity
10.5.6.3.3 Saudi Arabia: Gas Turbine Market Breakdown, by Application
10.5.6.4 UAE: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5.6.4.1 UAE: Gas Turbine Market Breakdown, by Technology
10.5.6.4.2 UAE: Gas Turbine Market Breakdown, by Capacity
10.5.6.4.3 UAE: Gas Turbine Market Breakdown, by Application
10.5.6.5 Rest of Middle East and Africa: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Gas Turbine Market Breakdown, by Technology
10.5.6.5.2 Rest of Middle East and Africa: Gas Turbine Market Breakdown, by Capacity
10.5.6.5.3 Rest of Middle East and Africa: Gas Turbine Market Breakdown, by Application
10.6 South America
10.6.1 South America Gas Turbine Market Overview
10.6.2 South America: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
10.6.3 South America: Gas Turbine Market Breakdown, by Technology
10.6.3.1 South America: Gas Turbine Market - Revenue and Forecast Analysis - by Technology
10.6.4 South America: Gas Turbine Market Breakdown, by Capacity
10.6.4.1 South America: Gas Turbine Market - Revenue and Forecast Analysis - by Capacity
10.6.5 South America: Gas Turbine Market Breakdown, by Application
10.6.5.1 South America: Gas Turbine Market - Revenue and Forecast Analysis - by Application
10.6.6 South America: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.6.6.1 South America: Gas Turbine Market - Revenue and Forecast Analysis - by Country
10.6.6.2 Brazil: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6.6.2.1 Brazil: Gas Turbine Market Breakdown, by Technology
10.6.6.2.2 Brazil: Gas Turbine Market Breakdown, by Capacity
10.6.6.2.3 Brazil: Gas Turbine Market Breakdown, by Application
10.6.6.3 Argentina: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6.6.3.1 Argentina: Gas Turbine Market Breakdown, by Technology
10.6.6.3.2 Argentina: Gas Turbine Market Breakdown, by Capacity
10.6.6.3.3 Argentina: Gas Turbine Market Breakdown, by Application
10.6.6.4 Rest of South America: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
10.6.6.4.1 Rest of South America: Gas Turbine Market Breakdown, by Technology
10.6.6.4.2 Rest of South America: Gas Turbine Market Breakdown, by Capacity
10.6.6.4.3 Rest of South America: Gas Turbine Market Breakdown, by Application
11. Competitive Landscape
11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions
13. Company Profiles
13.1 Mitsubishi Heavy Industries Ltd
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Siemens AG
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 MTU Aero Engines AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 Caterpillar Inc
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Kawasaki Heavy Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Baker Hughes Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Industrial Boilers America
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Doncasters Group
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Aurelia Turbines Oy
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Capstone Green Energy Holdings, Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About the Publisher
List of Tables
Table 1. Gas Turbine Market Segmentation
Table 2. List of Vendors
Table 3. Gas Turbine Market - Revenue, 2021-2024 (US$ Million)
Table 4. Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million)
Table 5. Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 6. Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 7. Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 8. Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 9. Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 10. Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 11. North America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 12. North America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 13. North America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 14. North America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 15. North America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 16. North America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 17. North America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Country
Table 18. North America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Country
Table 19. US: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 20. US: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 21. US: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 22. US: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 23. US: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 24. US: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 25. Canada: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 26. Canada: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 27. Canada: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 28. Canada: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 29. Canada: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 30. Canada: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 31. Mexico: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 32. Mexico: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 33. Mexico: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 34. Mexico: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 35. Mexico: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 36. Mexico: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 37. Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 38. Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 39. Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 40. Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 41. Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 42. Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 43. Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Country
Table 44. Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Country
Table 45. Germany: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 46. Germany: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 47. Germany: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 48. Germany: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 49. Germany: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 50. Germany: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 51. France: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 52. France: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 53. France: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 54. France: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 55. France: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 56. France: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 57. Italy: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 58. Italy: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 59. Italy: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 60. Italy: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 61. Italy: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 62. Italy: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 63. United Kingdom: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 64. United Kingdom: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 65. United Kingdom: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 66. United Kingdom: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 67. United Kingdom: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 68. United Kingdom: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 69. Russia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 70. Russia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 71. Russia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 72. Russia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 73. Russia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 74. Russia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 75. Rest of Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 76. Rest of Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 77. Rest of Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 78. Rest of Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 79. Rest of Europe: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 80. Rest of Europe: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 81. Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 82. Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 83. Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 84. Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 85. Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 86. Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 87. Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Country
Table 88. Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Country
Table 89. Australia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 90. Australia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 91. Australia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 92. Australia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 93. Australia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 94. Australia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 95. China: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 96. China: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 97. China: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 98. China: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 99. China: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 100. China: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 101. India: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 102. India: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 103. India: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 104. India: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 105. India: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 106. India: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 107. Japan: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 108. Japan: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 109. Japan: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 110. Japan: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 111. Japan: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 112. Japan: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 113. South Korea: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 114. South Korea: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 115. South Korea: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 116. South Korea: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 117. South Korea: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 118. South Korea: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 119. Rest of Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 120. Rest of Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 121. Rest of Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 122. Rest of Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 123. Rest of Asia Pacific: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 124. Rest of Asia Pacific: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 125. Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 126. Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 127. Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 128. Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 129. Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 130. Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 131. Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Country
Table 132. Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Country
Table 133. South Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 134. South Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 135. South Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 136. South Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 137. South Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 138. South Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 139. Saudi Arabia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 140. Saudi Arabia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 141. Saudi Arabia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 142. Saudi Arabia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 143. Saudi Arabia: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 144. Saudi Arabia: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 145. UAE: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 146. UAE: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 147. UAE: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 148. UAE: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 149. UAE: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 150. UAE: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 151. Rest of Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 152. Rest of Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 153. Rest of Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 154. Rest of Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 155. Rest of Middle East and Africa: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 156. Rest of Middle East and Africa: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 157. South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 158. South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 159. South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 160. South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 161. South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 162. South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 163. South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Country
Table 164. South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Country
Table 165. Brazil: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 166. Brazil: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 167. Brazil: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 168. Brazil: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 169. Brazil: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 170. Brazil: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 171. Argentina: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 172. Argentina: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 173. Argentina: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 174. Argentina: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 175. Argentina: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 176. Argentina: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
Table 177. Rest of South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Technology
Table 178. Rest of South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Technology
Table 179. Rest of South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Capacity
Table 180. Rest of South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Capacity
Table 181. Rest of South America: Gas Turbine Market - Revenue, 2021-2024 (US$ Million) - by Application
Table 182. Rest of South America: Gas Turbine Market - Revenue Forecast, 2025-2031 (US$ Million) - by Application
List of Figures
Figure 1. Gas Turbine Market Segmentation, by Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem Analysis
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Gas Turbine Market Revenue (US$ Million), 2021-
Figure 6. Gas Turbine Market Share (%) - by Technology (2024 and 2031)
Figure 7. Open Cycle: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 8. Combined Cycle: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 9. Gas Turbine Market Share (%) - by Capacity (2024 and 2031)
Figure 10. Below 40 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 11.-120 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 12.-300 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 13. Above 300 MW: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 14. Gas Turbine Market Share (%) - by Application (2024 and 2031)
Figure 15. Power Generation: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 16. Oil and Gas: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 17. Industrial: Gas Turbine Market - Revenue and Forecast to 2031 (US$ Million)
Figure 18. Gas Turbine Market Breakdown by Region, 2024 and 2031 (%)
Figure 19. North America: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
Figure 20. North America: Gas Turbine Market Breakdown, by Technology (2024 and 2031)
Figure 21. North America: Gas Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 22. North America: Gas Turbine Market Breakdown, by Application (2024 and 2031)
Figure 23. North America: Gas Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 24. US: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 25. Canada: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 26. Mexico: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 27. Europe: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
Figure 28. Europe: Gas Turbine Market Breakdown, by Technology (2024 and 2031)
Figure 29. Europe: Gas Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 30. Europe: Gas Turbine Market Breakdown, by Application (2024 and 2031)
Figure 31. Europe: Gas Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 32. Germany: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 33. France: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 34. Italy: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 35. United Kingdom: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 36. Russia: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 37. Rest of Europe: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 38. Asia Pacific: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
Figure 39. Asia Pacific: Gas Turbine Market Breakdown, by Technology (2024 and 2031)
Figure 40. Asia Pacific: Gas Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 41. Asia Pacific: Gas Turbine Market Breakdown, by Application (2024 and 2031)
Figure 42. Asia Pacific: Gas Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 43. Australia: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 44. China: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 45. India: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 46. Japan: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 47. South Korea: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 48. Rest of Asia Pacific: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 49. Middle East and Africa: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
Figure 50. Middle East and Africa: Gas Turbine Market Breakdown, by Technology (2024 and 2031)
Figure 51. Middle East and Africa: Gas Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 52. Middle East and Africa: Gas Turbine Market Breakdown, by Application (2024 and 2031)
Figure 53. Middle East and Africa: Gas Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 54. South Africa: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 55. Saudi Arabia: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 56. UAE: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 57. Rest of Middle East and Africa: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 58. South America: Gas Turbine Market - Revenue, 2021-2031 (US$ Million)
Figure 59. South America: Gas Turbine Market Breakdown, by Technology (2024 and 2031)
Figure 60. South America: Gas Turbine Market Breakdown, by Capacity (2024 and 2031)
Figure 61. South America: Gas Turbine Market Breakdown, by Application (2024 and 2031)
Figure 62. South America: Gas Turbine Market Breakdown, by Key Countries, 2024 and 2031 (%)
Figure 63. Brazil: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 64. Argentina: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 65. Rest of South America: Gas Turbine Market - Revenue and Forecast, 2021-2031 (US$ Million)
Figure 66. Heat Map Analysis by Key Players
Figure 67. Company Positioning and Concentration

Companies Mentioned

  • GE Vernova
  • Siemens Energy
  • Mitsubishi Industrial, Ltd.
  • Caterpillar, Inc.
  • Kawasaki Industrial, Ltd.
  • Baker Hughes Company
  • Capstone Green Energy Holdings, Inc.
  • Rolls-Royce plc
  • IHI Power Systems, Co. Ltd.
  • Industrial Boilers America
  • Aurelia Turbines Oy
  • Jereh Energy Equipment and Technologies Corporation
  • Power Systems Mfg., LLC
  • APR Energy
  • Mapna Group
  • Dongfang Electric Corporation
  • Shanghai Electric
  • Doosan Enerbility Co.
  • AECC Gas Turbine
  • Rostec United Engine Corporation

Table Information

Report AttributeDetails
No. of Pages208
PublishedAugust 2025
Forecast Period2024 - 2031
Estimated Market Value ( USD ) in 2024 $ 23.19 Billion
Forecasted Market Value ( USD ) by 2031 $ 32 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned20

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