What is the global market size of Industrial Gas Turbine Market?

Global Industrial Gas Turbine Market was valued at USD 8.55 billion in 2021, and it is expected to reach a value of USD 10.55 billion by 2028, at a CAGR of more than 3% over the forecast period (2022-2028). Read More

Who are the key vendors in the Global Industrial Gas Turbine Market?

The global industrial gas turbine market is fragmented, with a prominent market player acquiring a sizable portion. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge.'Kawasaki Heavy Industries, Ltd. (Japan)','Siemens Energy (Germany)','Capstone Green Energy Corporation (US)','General Electric (US)','Ansaldo Energia (Italy)','Mitsubishi Heavy Industries, Ltd. (Japan)','United Engine Corporation (Russia)','Rolls-Royce plc (England)','Harbin Electric Machinery Company Limited (China)','OPRA Turbines (Netherlands)','Solar Turbines Incorporated (US)','Bharat Heavy Electricals Limited (India)','Centrax Gas Turbine (England)','MTU Aero Engines AG (Germany)','IHI Corporation (Japan)','Wartsila (Finland)','Doosan Heavy Industries & Construction (South Korea)','MAPNA Group (Iran)','Vericor Power Systems (US)','Zorya Mashproekt (Ukraine)','MAN Energy Solutions (Germany) ' Read More

What is the key market trend for Global Industrial Gas Turbine Market?

Emerging Economies Offering Growth Avenues Read More

Industrial Gas Turbine Market Size, Share, Growth Analysis, By Capacity(1-2MW, 2-5MW, 5-7.5MW, 7.5-10MW), By Technology(Heavy duty, Light industrial, Aeroderivative), By Cycle(Simple cycle, Combined cycle), By Sector(Electric power utility, Oil & gas, Manufacturing), By Region - Industry Forecast 2025-2032

Report ID: SQMIG20L2012 | Region: Global | Published Date: October, 2024
Pages: 157 | Tables: 125 | Figures: 77

Industrial Gas Turbine Market News

In October 2019, GE launched 7HA.03, the newest version of its HA gas turbine, to power FPL's Dania Beach Clean Energy Centre in Fort Lauderdale, Florida.

In June 2021, OPRA Turbines signed an agreement with Quanta. This partnership enabled Quanta to become a reseller for OPRA Turbines in the offshore oil & gas segment in the North Sea region.

Industrial Gas Turbine Market Report Snapshots

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Industrial Gas Turbine Market size was valued at USD 6.13 Billion in 2023 and is poised to grow from USD 6.49 Billion in 2024 to USD 9.48 Billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

The global industrial gas turbine market is fragmented, with a prominent market player acquiring a sizable portion. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge. 'Siemens Energy)', 'General Electric Company', 'Mitsubishi Hitachi Power Systems Ltd.', 'Kawasaki Heavy Industries, Ltd.', 'Ansaldo Energia S.p.A.', 'Bharat Heavy Electricals Limited', 'Harbin Electric Company Limited', 'MAN Energy Solutions SE', 'Solar Turbines Incorporated', 'Kawasaki Gas Turbine Asia Sdn Bhd', 'Doosan Heavy Industries & Construction Co Ltd', 'Turboden S.p.A.', 'Vericor Power Systems', 'Niigata Power Systems Co Ltd', 'Capstone Green Energy Corporation', 'Dresser-Rand Group Inc.', 'Cummins Inc.', 'Wärtsilä Corporation', 'OPRA Turbines BV', 'MTU Aero Engines AG'

Gas Turbine Technology Drives Market Growth by Reducing Greenhouse Emissions

Emerging Economies Offering Growth Avenues

Based on region, global industrial gas turbine market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.

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Industrial Gas Turbine Market News

Industrial Gas Turbine Market Report Snapshots

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What is the global market size of Industrial Gas Turbine Market?

Who are the key vendors in the Industrial Gas Turbine Market?

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What is the key market trend for Industrial Gas Turbine Market?

Which region accounted for the largest share in Industrial Gas Turbine Market?

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