Aeroderivative Gas Turbine Market Size – By Capacity, By Technology, By Application, Analysis, Share, Growth Forecast, 2025 – 2034

Aeroderivative Gas Turbine Market Size

The global aeroderivative gas turbine market was valued at USD 3.4 billion in 2024 and is expected to reach USD 6.1 billion by 2034, growing at a CAGR of 5.9% from 2025 to 2034. The shift toward embracing energy efficiency standards while focusing on integrating renewable energy resources will facilitate the adoption of these turbine units.
 

Extensive investments in distributing and extracting natural gas alongside the growing consumption of energy worldwide will contribute to the overall favorable prospects for the industry. Growing expansion of the microgrid along with the focus toward reduction of capital costs of large-scale thermal power plants will favor the demand for these turbines.
 

The progressive shift toward embracing renewable fuels as well as strict emission limitation policies will fuel especially during the peak load and backup power demands. These turbines have high efficiency and fuel flexibility as well as low starting times and as a result, are extensively used in both grid power systems and independent power systems.
 

Ongoing technological advancements including digital twin technology, AI-driven predictive maintenance and integration of turbines with renewable energy sources will enhance the performance and operational efficiency of these units, which in turn will foster the product penetration. Growing priority toward energy security, cost efficiency and sustainability will play a pivotal role in shaping the business landscape.
 

Aeroderivative Gas Turbine Market Trends

Paradigm shift toward sustainable energy practices alongside advancements in engineering efforts is poised to yield significant growth within the aeroderivative gas turbine industry. The growth of the industry is expected to accelerate due to the extensive government expenditure in the form of subsidies and tax alleviation along with other financial inducements supporting the industry.
 

Rising investments in regenerative gas turbine facilities along with the shift toward low carbon energy solutions will foster the industry outlook. Increasing capital expenditure within aviation sector combined with the integration of cutting-edge technologies in gas-fired turbines will drive demand and strengthen the aeroderivative gas turbine market landscape.
 

For reference, in September 2024, the U.S. invested 7.3 billion dollars in clean energy projects through 16 rural electric cooperatives, which is an investment beyond the scope of other clean energy investments made thus far. This investment greatly highlights the federal commitment and intention to speed up the rural area electrification process with the incorporation of wind, solar, hydro, and even nuclear energy to offset greenhouse gas emissions effectively.
 

Ongoing expansion of LNG infrastructure and decentralized power generation, especially in remote and industrial sectors, will further fueling industry growth. Additionally, rising investments in hybrid power plants integrating renewables with gas turbines highlight the shift toward cleaner energy solutions.
 

Rising focus on low-emission propulsion systems for maritime applications along with the increasing retrofitting of conventional marine engines with gas turbines will enhance the business landscape. Rising demand for flexible power generation solutions paired with growth in petrochemical and refining sector will boost aeroderivative gas turbine market.
 

For instance, in 2024, India and the UAE signed a long-term deal for the supply of LNG whereby India is to secure 1 MMTPA from ADNOC's Ruwais gas project for a period of 15 years. This important contract further enhances India’s energy security, promotes industrial development, and deepens the economic ties between the two countries. The deal also emphasizes the UAE’s commitment to further increasing its global LNG export footprint, while also responding to India's increasing energy needs.
 

Aeroderivative Gas Turbine Market Analysis

• The aeroderivative gas turbine industry was estimated at USD 3.5, 3.1 and 3.4 billion in 2022, 2023 and 2024 respectively. Based on capacity, the industry is segmented into ≤ 50 kW, > 50 to 500 kW, > 500 kW to 1 MW, > 1 to 30 MW, > 30 to 70 MW and > 70 MW. Their powerful capabilities of quick startup along with efficient performance in microgrid facilities, makes them more appealing in competitive and ever-changing markets. This flexibility guarantees dependable power generation for industries needing instantaneous and versatile energy backing.
   
• The ≤ 50 kW capacity aeroderivative gas turbine market is expected to grow at a CAGR of over 6% through 2034. These turbines are increasingly being adopted in remote areas, industrial activities, and even in niche markets for microgrids due to the growing need for decentralized energy systems.
   
• The > 50 to 500 kW capacity aeroderivative gas turbine is projected to reach over USD 600 million by 2034. The increasing focus on the marketing of distributed energy technologies as well as the increasing need for efficient and reliable power generation will accelerate uptake across various use cases.
   
• For citation, in 2024, Biden-Harris Administration comes forth with impressive strides in the U.S. manufacturing sector after policies such as the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS and Science Act. The effective spending of the grants, such as the USD 23 million allotted for clean energy, is enhancing economic growth and increasing the productive capacity of the country.
   
• The > 500 kW to 1 MW capacity aeroderivative gas turbine market will grow as decentralized energy production is on the rise, and it is becoming very critical to have reliable energy and its efficient usage. Increasing investments in centralized grids coupled with growing emphasis on energy resilience and operational efficiency will proactively transform the industry.
   
• The > 1 to 30 MW capacity aeroderivative gas turbine market is projected to reach over USD 1.5 billion by 2034. These turbines are optimally tailored for industries such as oil & gas extraction, chemical production and large-scale manufacturing, where high power is vital, and operations are expected to be fled without breaks.
   
• For instance, in 2024, The regulators in Canada are working towards decreasing emissions by 35% from the oil and gas sector by the year 2030. The country most intensive industry will be decarbonized by this initiative. There is a formal consultation period that will extend until January 2025 where the participants will be contributing to the efforts to set criteria towards a greener energy system.
   
• The > 30 to 70 MW capacity aeroderivative gas turbine has captured market share of over 25% in 2024. The industry is set to grow significantly on account of the increasing demand for versatile and highly efficient power generation solutions across wide tandem of application areas.
   
• The > 70 MW capacity aeroderivative gas turbine market is projected to reach over USD 750 million by 2034. Advancements in gas turbine technology has become increasingly modernized, with the focus being better maintenance and increased ease of operations. These changes are set to shift the industry landscape by ensuring greater efficiency and greater endurance in power reformation and industrial use.
   

• Based on technology, the industry is segmented into open cycle and combined cycle. The open cycle aeroderivative gas turbine market accounted for over 12.3% revenue share in 2024. The growing focus on decentralized power generation across different industrial industries will propel the business scenario. In addition, ongoing progress in turbine technology directed toward fuel productivity as well as meeting tough emission regulations will also strengthen the industry environment.
   
• The combined cycle aeroderivative gas turbine market hold a share of 87.7% in 2024. The ongoing shift toward decarbonization and the transition from coal-fired power plants to cleaner energy alternatives have significantly accelerated the adoption of these gas turbines.
   
• For instance, in 2024, Canada implemented the Clean Electricity Regulations to fast-track the shift toward a net-zero electricity sector by the year 2035. These regulations establish stringent performance standards to curb emissions from fossil fuel-based power generation, ensuring the sector remains on track to meet the nation’s 2050 net-zero commitments.
   
• Based on application the market is segmented into power plants, oil & gas, process plants, aviation, marine and others. Power plant aeroderivative gas turbine market is projected to reach over USD 2 billion by 2034. Ongoing shift toward cleaner energy solutions coupled with the integration of gas turbines into renewable energy systems to enhance grid stability will drive the adoption of the product.
   
• The oil & gas aeroderivative gas turbine industry is set to grow at a CAGR of over 5.5% through 2034. The swift industrial expansion coupled with the strong energy efficiency requirements have necessitated industries to invest in robust power generation systems which has increased the business prospects.
   
• The process plants aeroderivative gas turbine market has a share of over 12.5% in 2024. The rising demand for manufactured goods has increased the expansion of processing and manufacturing plants across the globe, which in turn, will influence the enlargement of self-regulated units.
   
• For instance, in 2023, the Maritime and Port Authority of Singapore, in collaboration with the Energy Market Authority (EMA), prequalified six consortiums for a closed RFP to develop a low or zero-carbon ammonia-based power and bunkering project on Jurong Island. The initiative includes the deployment of a 55-65 MW combined cycle gas turbine system designed to operate on low- or zero-carbon ammonia, reinforcing Singapore’s commitment to sustainable energy solutions and maritime decarbonization.
   
• The aviation aeroderivative gas turbine market projected to register at a CAGR of over 4.5% till 2034. The growing adoption of cogeneration systems which optimize both power generation and process heat utilization, serves as a significant catalyst for the expanding deployment of these advanced turbine solutions.
   
• The marine aeroderivative gas turbine market dominated over 9.5% revenue share in 2024. These turbines are gaining traction in marine applications owing to their exceptional power-to-weight ratio and capability to ensure reliable performance even in the most demanding operational environments.
   

• U.S. aeroderivative gas turbine market was valued at USD 267.9, 238.1 & 254.7 million in 2022, 2023 and 2024 respectively. The move from traditional power plants to the gas turbine technology is spurring increased adoption of products. In addition, the rising focus on reducing the carbon footprint and adhering to tough environmental policies is also boosting demand for these high efficiency turbines.
   
• North America aeroderivative gas turbine market will witness at a CAGR of over 6% till 2034. The growth of industrial activities alongside constant technological innovation shall increase the traction for gas turbines in the region. This is further substantiated by the growing requirement of power for specific purposes and the necessity for dependable power solutions.
   
• For instance, investment in energy manufacturing in the U.S. is set to reach over USD 230 billion by 2025, with developers constructing over 920 new or expanded production facilities across the country. These endeavors are geared towards improving local supply chains and fast tracking the shift towards sustainable energy.
   
• The Europe aeroderivative gas turbine market will gain an appreciable momentum owing to ongoing investment in upgradation & expansion of existing industrial facilities and favorable incentives programs toward adoption of energy efficient technologies. Furthermore, the area's increasing spending on research and development will boost the industrial potential.
   
• For instance, in 2024, the UK unveiled its first industrial strategy in seven years, prioritizing eight key sectors such as advanced manufacturing, clean energy, and digital technologies. This initiative is designed to foster a business-friendly environment, stimulate innovation, and promote sustainable, decentralized economic growth across the country.
   
• The Asia Pacific aeroderivative gas turbine has a market share of over 30% in 2024. The escalating energy needs of the region are prompting governments to invest in infrastructure and support technological advancements. For instance, in 2024, China fully removed market access restrictions for foreign investors in its manufacturing sector, marking a significant milestone in its efforts to open its economy further.
   
• The Middle East & Africa aeroderivative gas turbine market will witness an upsurge on account of the growing need for dependable and scalable power solutions and growing industrial activities and economic diversification. The elevation of energy conservation and emission reduction is accelerating the acceptance of new generation turbines with better emissions control technologies.
   
• For instance, in 2024, Saudi Arabia set aside more than USD 2.5 billion towards the implementation of the Standard Incentives Program for the Industrial Sector following the approval grant from the Council of Minister. This strategic initiative is designed to strengthen industrial competitiveness and drive sectoral growth by offering comprehensive financial support, fostering innovation, and attracting investment.
   
• The Latin America aeroderivative gas turbine market is poised to grow at a CAGR of 5.5% till 2034. Rising investments in natural gas infrastructure and expansion of power generation projects along with supportive government policies aimed to reduce reliance on imported fuels, the abundance in natural gas reserves will boost the industry growth.
   

Aeroderivative Gas Turbine Market Share

• The top 5 players including General Electric, Siemens Energy, Mitsubishi Heavy Industries, Rolls-Royce and Kawasaki Heavy Industries collectively account for about 45% share of the aeroderivative gas turbine industry. These industry leaders make constant investments in innovations to improve their market positions. For citation, Rolls-Royce plans to launch a new gas turbine model in 2024 which is set to boost operational efficiency and emissions mitigation.
   
• Rolls Royce is well recognized in the market for its production of aeroderivative and industrial gas turbines for power generation, marine and aerospace activities. The company's MT30 Trent and RB211 gas turbines have high efficiency, flexible fuel consumption, and low emissions. Moreover, Rolls Royce’s advanced aircraft engines integrate novel technologies, facilitating an increase in the power-to-weight ratio, and start-up speeds all while maintaining a compact frame.
   
• Siemens Energy has made advancements in gas turbines which are set to grow tremendously, thereby cementing their position as industry leaders. The company continues to focus on increasing turbine fuel efficiency, fuel flexibility, and decreasing emissions through innovative efforts. The business is also increasing its investment in hydrogen and sustainable aviation fuel technologies to facilitate decarbonization and net-zero goals.
   

Aeroderivative Gas Turbine Market Companies

• GE Vernova, reported USD 34.9 billion in revenue in 2024. The orders of the company’s grew by 7% driven by solid equipment growth in electrification and Power along with the services growth in both segments surpassing double digits. The business strives to expedite the transition towards a new form of energy by creating new technologies that improve effectiveness and lower carbon emission levels.
   
• In August 2024, Mitsubishi Heavy Industries has received a purchase order from Samsung C&T Corporation for its state-of-the-art M501JAC combined-cycle hydrogen gas turbine. This turbine is expected to serve a new industrial steam and electricity cogeneration plant being constructed in Saudi Arabia by a joint venture that includes Abu Dhabi National Energy Company.
   
• Siemens reported revenues of USD 79.2 billion in 2024. In December 2024, Siemens Energy, the German Technology company entered a joint venture with SSE a UK utility company for the development of hydrogen ready 600MW turbine which is expected to be completed by 2030.
   

Major players operating in the aeroderivative gas turbine market are:

• Ansaldo Energia
• Baker Hughes Company
• Capstone Green Energy
• Collins Aerospace
• Destinus Energy
• Doosan Enerbility
• General Electric
• Harbin Electric
• Honeywell International
• IHI Corporation
• Kawasaki Heavy Industries
• MAN Energy Solutions
• Mitsubishi Heavy Industries
• Nanjing Turbine & Electric Machinery
• Pratt & Whitney
• Rolls-Royce
• Safran
• Siemens Energy
• Vericor
• Wartsila
   

Aeroderivative Gas Turbine Industry News

• In June 2024, GE Vernova secured a significant order for gas turbines for power plants in Saudi Arabia, coupled with a 21-year service agreement with ACWA Power’s subsidiary, NOMAC. The agreement guarantees the optimal performance of turbines capable of generating up to 3.8 GW of electricity while integrating carbon capture technology to curb emissions. Designed to operate on up to 50% hydrogen, these turbines support Saudi Arabia’s transition to cleaner energy solutions through cutting-edge gas turbine innovation and long-term operational support.
   
• In June 2024, Siemens Energy was awarded a USD 1.5 billion contract to supply advanced technology for two high-efficiency combined-cycle power plants in Saudi Arabia. Expected to deliver nearly 4 GW of electricity, these gas-fired plants will contribute to the Kingdom’s net-zero emissions target by 2060. Siemens Energy will provide HL-class gas turbines, steam turbines, and generators for both sites, alongside a 25-year maintenance agreement, ensuring long-term operational efficiency and sustainability.
   
• In May 2024, Baker Hughes, in partnership with Tecnimont (MAIRE), secured a contract to supply 20 compression trains for boosting gas production at Algeria’s Hassi R’Mel gas field. These units, featuring Frame 5 gas turbines and BCL compressors, will be installed across three gas-boosting stations to enhance output and maintain stable pressure, ensuring a reliable supply for both Algeria and Europe. This initiative aligns with the broader Mattei Plan, aimed at strengthening Algeria-Italy energy cooperation while reinforcing Europe’s energy security and fostering Algeria’s economic growth.
   
• In March 2024, Doosan Enerbility expanded into the aircraft engine sector, leveraging its extensive expertise in gas turbine technology for power generation. The company aims to harness its advanced design capabilities, high-temperature endurance, and specialized materials to develop aircraft engines, initially focusing on unmanned aerial vehicles (UAVs). Doosan is actively contributing to a government-led initiative to develop a 10,000 lbf gas turbine engine for UAVs, with the basic design expected to be completed by 2027. Additionally, the company is involved in conceptual designs for next-generation aircraft engines, playing a key role in advancing Korea’s fighter jet engine technology.
   

The aeroderivative gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (MW) & revenue (USD Million) from 2021 to 2034, for the following segments:

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Market, By Capacity

• ≤ 50 kW
• > 50 to 500 kW
• > 500 kW to 1 MW
• > 1 to 30 MW
• > 30 to 70 MW
• > 70 MW

Market, By Technology

• Open Cycle
• Combined Cycle

Market, By Application

• Power Plants
• Oil & Gas
• Process Plants
• Aviation
• Marine
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Netherlands
  • Denmark
  • Poland
  • Sweden
• Asia Pacific
  • China
  • Australia
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Egypt
  • Turkey       
  • Iraq
  • South Africa
  • Algeria
• Latin America
  • Brazil
  • Argentina
  • Chile