What is the current Gas Turbine Market size?

The Gas Turbine Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029) Read More

Which is the fastest growing region in Gas Turbine Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Gas Turbine Market?

In 2024, the Asia-Pacific accounts for the largest market share in Gas Turbine Market. Read More

What years does this Gas Turbine Market cover?

The report covers the Gas Turbine Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Gas Turbine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the opportunities in the Gas Turbine Market?

The opportunities in the Gas Turbine Market are a) Increased trend of distributed power generation b) Rising demand for electricity, particularly in developing countries due to industrialization and increasing use of electrical appliances Read More

What challenges does the Gas Turbine Market face?

The challenges facing the Gas Turbine Market are a) Shifting focus toward renewable energy sources such as solar and wind power, which may impact the demand for fossil-fired power plants like gas turbines b) Limited natural gas reserves Read More

Gas Turbine Market Share

Statistics for the 2023 & 2024 Gas Turbine market share, created by Mordor Intelligence™ Industry Reports. Gas Turbine share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Gas Turbine Industry

The global gas turbine market is moderately fragmented. The key players in the market include (in no particular order) Siemens AG, Mitsubishi Heavy Industries Ltd, General Electric Company, Kawasaki Heavy Industries Ltd, and Wartsila Oyj Abp, among others.

Gas Turbine Market Leaders

Siemens AG
Mitsubishi Heavy Industries Ltd
General Electric Company
Kawasaki Heavy Industries Ltd
Wartsila Oyj Abp

*Disclaimer: Major Players sorted in no particular order