Europe Industrial Gas Turbine Market Size - By Capacity (= 70 MW, > 70 MW - 300 MW, = 300 MW), By Product (Aero-Derivative, Heavy Duty), By Technology, By Application, By Country Outlook & Forecast, 2024 – 2032

Europe Industrial Gas Turbine Market Size - By Capacity (≤ 70 MW, > 70 MW - 300 MW, ≥ 300 MW), By Product (Aero-Derivative, Heavy Duty), By Technology, By Application, By Country Outlook & Forecast, 2024 – 2032

Europe Industrial Gas Turbine Market size is projected to showcase over 5% CAGR between 2024 and 2032, due to the increasing demand for reliable and efficient power generation as industries seek to reduce carbon emissions. Technological developments in gas turbine efficiency and performance are amplifying the product appeal in the region.

According to the IEA (International Energy Agency), the electricity demand in the EU is projected to rise by an average 2.3% during 2024-2026. This ever-increasing demand for electricity will escalate the demand for industrial gas turbines as well. The push for cleaner energy sources is also accelerating the adoption of gas turbines in Europe, which are more environmentally friendly compared to coal-fired plants. The expansion of the natural gas infrastructure is also making gas turbines a more viable option. The growing need for flexible power generation to support the integration of renewable energy sources into the grid is also fueling the market expansion.

The overall industry is bifurcated into capacity, product, technology, application, and country.

In terms of product, the Europe industrial gas turbine industry size from the heavy duty segment is estimated to expand at robust CAGR from 2024 to 2032, owing to the rising need for large-scale, reliable power generation to support industrial activities and grid stability. Heavy duty turbines offer high efficiency, durability, and the ability to operate on various fuels, including natural gas. Rapid advancements in technology are also enhancing performance and emission reduction. Moreover, the rise in supportive government policies for promoting the adoption of cleaner energy solutions will boost the segment growth.

With respect to application, the Europe industrial gas turbine market from the power generation segment will grow at notable rate up to 2032. This can be attributed to the increasing demand for efficient and reliable energy sources. Gas turbines offer quick start-up times and flexibility, crucial for balancing renewable energy fluctuations. Innovative developments are also improving efficiency and reducing emissions. The surge in government policies are also promoting cleaner energy whilst phasing out the coal plants.

France industrial gas turbine industry is anticipated to experience significant growth from 2024 to 2032, due to the shift towards cleaner energy sources and the need for efficient, reliable power generation. Innovations are enhancing turbine efficiency and lower emissions for supporting environmental goals in the nation. The integration of renewables into the energy mix along with government policies and investments in energy infrastructure will also boost the regional market progression.