Market Overview

The global gas turbine market size was valued at USD 21.5 billion in 2024 and is projected to grow from USD 22.6 billion in 2025 to reach USD 34.4 billion by 2033, exhibiting a CAGR of 5.3% during the forecast period (2025-2033).

The global Gas Turbine market continues to evolve rapidly, driven by shifting consumer trends, rising investments, and technological progress. This section provides a detailed snapshot of the current landscape, highlighting major developments, emerging opportunities, and competitive movements that are shaping the industry’s growth trajectory.

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Market Report Scope and Research Methodology

This report offers a balanced combination of qualitative and quantitative analysis to ensure accurate, transparent, and comprehensive insights. The scope defines the parameters and key categories of the market, helping readers clearly understand its framework and underlying dynamics.

The study examines market size, forecasts, and growth potential by analyzing crucial segments and sub-segments. It delves into the factors influencing the market—such as cost efficiency, regulatory initiatives, sustainability goals, and continuous innovation. In addition, it evaluates competitive landscapes, investment flows, and the policy environment impacting overall industry development.

Market Regional Insights

The regional analysis spans North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Each region is assessed based on market share, growth prospects, trade movements, and investment attractiveness. By studying regional demand trends, industrial performance, and government support measures, the report delivers a holistic understanding of how the market is evolving across different geographies.

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Market Segmentation

1. By Type
   1. Combined Cycle
   2. Open-Cycle
2. By Capacity
   1. Up to 50 MW
   2. 50 MW – 100 MW
   3. Above 100 MW
3. By End-User
   1. Aerospace
   2. Marine
   3. Power
   4. Oil and Gas
   5. Chemicals
   6. Industrial
   7. Others

Market Key Players

1. Ansaldo Energia
2. Baker Hughes Company
3. Bharat Heavy Electricals Limited (BHEL)
4. Destinus Energy
5. Doosan Enerbility
6. General Electric
7. IHI Corporation
8. Kawasaki Heavy Industries, Ltd.
9. MAN Energy Solutions
10. MAPNA GROUP
11. Mitsubishi Heavy Industries, Ltd.
12. Rolls-Royce plc
13. Siemens Energy
14. Solar Turbines Incorporated
15. Vericor Power Systems
16. Zorya-Mashproekt

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/gas-turbine-market/request-sample

Key Questions Answered in the Gas Turbine Market Report:

• How large is the Gas Turbine market currently?

• What is the projected size of the Gas Turbine market in the coming years?

• What is the estimated global value of the Gas Turbine market?

• How fast is the Gas Turbine market growing?

• Which segment accounts for the highest share in the Gas Turbine market?

• What are the major Gas Turbine market segments?

• What was the market value of Gas Turbine in North America in 2024?

• Which region currently dominates the market landscape?

• What factors are driving the growth of the Gas Turbine market?

• Who are the prominent players in the Gas Turbine market?

• Which companies are leading in the Gas Turbine industry?

About Straits Research

Straits Research provides comprehensive market intelligence and actionable insights across a wide range of industries. Our reports are designed to empower decision-makers, investors, and organizations to uncover growth opportunities, overcome challenges, and build strategies that ensure long-term success in a rapidly changing business environment.

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