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 Analysis | Industry Trends, Size & Forecast Report

Gas Turbine Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Gas Turbine Services Market Overview and it is Segmented by Capacity (Less than 30 MW, 31-120 MW, and Above 120 MW), Type (Combined Cycle and Open Cycle), End-user Industry (Power, Oil and Gas, and Other End-user Industries), and Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa). The Market Size and Forecasts Are Provided in Terms of Value (USD Million) for All the Above Segments.

Gas Turbine Industry Overview

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.