Global Gas Turbines Market Growth 2023-2029

Global Gas Turbines Market Growth 2023-2029

A gas turbine engine, or gas turbine, is an engine belonging to a heat engine.The increasing demand for natural gas-fired power plants, rising demand for electricity, reduction in emissions of carbon dioxide, and availability of efficient power technology are driving the gas turbines market.

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

This Insight Report provides a comprehensive analysis of the global Gas Turbines 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 Turbines portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Gas Turbines market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Gas Turbines 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 Turbines.

The global Gas Turbines market size is projected to grow from US$ 15320 million in 2022 to US$ 18590 million in 2029; it is expected to grow at a CAGR of 18590 from 2023 to 2029.

The heavy duty design type segment is expected to grow at the highest CAGR, from 2017 to 2022.

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

Market Segmentation:

Segmentation by type
Below 70 MW
70-300 MW
Above 300 MW

Segmentation by application
Power Generation
Mechanical Drive

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.
Ansaldo Energia
Bharat Heavy Electricals Limited
General Electric
Harbin Electric International Company Limited
Kawasaki Heavy Industries Ltd
Man Diesel and Turbo
Mitsubishi Hitachi Power Systems Ltd
Opra Turbines
Siemens
Vericor Power Systems

Key Questions Addressed in this Report

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

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

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

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

How does Gas Turbines 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.