Global Gas Turbine Market Growth 2023-2029

Global Gas Turbine Market Growth 2023-2029

A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.

LPI (LP Information)' newest research report, the “Gas Turbine Industry Forecast” looks at past sales and reviews total world Gas Turbine sales in 2022, providing a comprehensive analysis by region and market sector of projected Gas Turbine sales for 2023 through 2029. With Gas Turbine sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Gas Turbine industry.

This Insight Report provides a comprehensive analysis of the global Gas Turbine landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Gas Turbine portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Turbine market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Turbine and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Gas Turbine.

The global Gas Turbine market size is projected to grow from US$ 19680 million in 2022 to US$ 39020 million in 2029; it is expected to grow at a CAGR of 39020 from 2023 to 2029.

Global Gas Turbine key players include GE, Siemens, Mitsubishi-Hitachi, Alstom, Solar Turbines, etc. Global top five players hold a share about 80%.

Europe is the largest market, with a share about 40%, followed by North America and China, having a total share about 40 percent.

In terms of product, Heavy Duty Gas Turbine is the largest segment, with a share about 63%. And in terms of application, the largest application is Power Generation, followed by Oil & Gas, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Gas Turbine market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Heavy Duty Gas Turbine

Aeroderivative Gas Turbine

Light Duty Gas Turbine

Segmentation by application

Power Generation

Oil & Gas

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

General Electric

Siemens

Mitsubishi Hitachi Power Systems

Wood Group

Kawasaki Heavy Industries

Solar Turbines

Ansaldo Energia

MTU Aero Engines

Sulzer

MAN Diesel and Turbo

MJB International

Proenergy Services

MAN Energy

BHEL

Key Questions Addressed in this Report

What is the 10-year outlook for the global Gas Turbine market?

What factors are driving Gas Turbine market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Gas Turbine market opportunities vary by end market size?

How does Gas Turbine break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.