Gas Turbine Market Size & Share, by Capacity (Less than 30 MW, 30-120 MW, 120-200 MW, Above 200 MW); Type (Open Cycle, Combined Cycle); End-user (Energy & Power, Oil & Gas, Aviation) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3354
  • Published Date: Apr 01, 2023
  • Report Format: PDF, PPT

Companies Dominating the Gas Turbine Landscape

    • General Electric Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • Kawasaki Heavy Industries, Ltd.
    • Ansaldo Energia
    • Mitsubishi Power, Ltd.
    • MAN Energy Solutions
    • Solar Turbines Incorporated
    • Centrax Gas Turbines
    • Técnicas Reunidas S. A.
    • Wartsila

Browse Key Market Insights with Data Illustration:


In The News

  • The Shanghai Electric Company and Ansaldo Energia have been awarded a USD 350 million contract for the construction of an 800MW combined cycle power plant in Bangladesh. The project is part of the Bangladeshi government's plan to increase the country's energy generation capacity.

  • The Mexican government awarded a contract to a consortium formed by Técnicas Reunidas and TSK to design and construct combined cycle plants at Valladolid and Mérida. Approximately 1,000 MW and 500 MW of power is expected from these plants.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 3354
  • Published Date: Apr 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising demand for clean energy sources and the need to reduce carbon dioxide emissions along with increasing electricity consumption are the major factors driving the market growth.

The market size of gas turbine is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2023-2035.

High initial investments, along with the short life of gas turbines are estimated to be the growth hindering factors for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are General Electric Company, Siemens AG, Kawasaki Heavy Industries, Ltd., Ansaldo Energia, Mitsubishi Power, Ltd., MAN Energy Solutions, Solar Turbines Incorporated, Centrax Gas Turbines, Técnicas Reunidas S. A., Wartsila and others.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by capacity, type, end user, and by region.

The open cycle segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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