Europe Aeroderivative Gas Turbine Market Size - By Capacity (≤ 50 kW, > 50 to 500 kW, > 500 kW to 1 MW, > 1 to 30 MW, > 30 to 70 MW, > 70 MW), By Technology (Open Cycle, Combined Cycle), By Application, By Country Outlook & Forecast, 2024 – 2032

Europe Aeroderivative Gas Turbine Market Size

Europe Aeroderivative Gas Turbine Market was valued at USD 1.03 billion in 2023 and is anticipated to grow at a CAGR of 5.7% from 2024 to 2032. Ongoing shale gas revolution along with increasing inclination toward energy optimization will contribute to the product demand.
 

Aeroderivative gas turbines are a type of engines originally derived from aircraft jet engines. These turbines are designed for various industrial and power generation applications where flexibility, efficiency, and rapid deployment are essential. These units are typically more compact & lightweight, making them easier to install and maintain. They offer fast start-up times and can quickly adjust to changes in power demand, making them suitable for applications requiring frequent cycling and load following.

Europe Aeroderivative Gas Turbine Market Trends

The growing availability of gas resources spurred by extensive exploration and production efforts will drive the gas turbine market. The shifting trend toward decentralized power generation and distributed energy systems will augment the business landscape. These engines deliver comparatively lower carbon emissions compared to other fossil fuels, which in turn will contribute positively to the industry's growth trajectory. The product offers key advantages including high efficiency, compact size and high reliability, accelerating the industry potential.
 

Europe Aeroderivative Gas Turbine Market Analysis

The > 500 kW to 1 MW capacity aeroderivative gas turbine market will surpass USD 300 million by 2032. The increasing adoption of microgrid and distributed energy systems across remote areas and off-grid locations will escalate the product deployment. The rise in regional energy demand coupled with extensive projects involving the extraction and trade of natural gas will spark a favorable growth trajectory for the industry.
 

The combined cycle aeroderivative gas turbine market size will witness a growth rate of over 5.5% through 2032. The shift towards integrating renewable energy sources with thoughtful energy efficiency agreements is poised to drive the product deployment. Moreover, the adoption of efficient energy utilization government policies has redirected consumer preferences and regulatory actions toward the advancement of combined cycle power unit systems, bolstering the business landscape.
 

UK aeroderivative gas turbine market will reach over USD 200 million by 2032. The growing emphasis on replacing coal-based power plants and the rapid deployment of clean energy resources will escalate the business outlook. Ongoing efforts to expand power capacity to match increasing demand will profoundly shape the business outlook. Substantial investments in power generation facilities and the increasing tendency of regulatory bodies to transition towards cleaner energy sources will offer significant opportunities for industry expansion.
 

France aeroderivative gas turbine market is set to witness significant growth on account of ongoing technological advancement in the energy sector and stringent government regulation to reduce carbon emissions. Moreover, ongoing infrastructure development projects along with growing need to modernize existing power plants further fuel the product demand. Continued investment in enhancing efficiency across aviation, oil & gas, and marine sectors is set to drive the industry growth.
 

Europe Aeroderivative Gas Turbine Market Share

Ansaldo Energia stands as one of the premier providers of cutting-edge solutions across multiple industries on a regional scale. Specializing in a comprehensive range of offerings including power generation, energy solutions, and engineering services, the company serves diverse sectors with innovative technologies and reliable services. With a steadfast commitment to sustainability and customer satisfaction, it continues to lead the industry through groundbreaking innovation, enhancing performance, efficiency, and environmental stewardship while advancing societal progress.
 

Europe Aeroderivative Gas Turbine Market Companies

Eminent players operating in the Europe aeroderivative gas turbine industry include:

• Ansaldo Energia
• Baker Hughes Company
• Bharat Heavy Electricals Limited
• Capstone Green Energy Corporation
• Collins Aerospace
• General Electric
• Harbin Electric Corporation
• Kawasaki Heavy Industries, Ltd.
• MAN Energy Solutions
• Mitsubishi Heavy Industries
• OPRA Turbines
• Pratt & Whitney
• Rolls-Royce plc
• SAFRAN
• Siemens
• UEC-Saturn
• VERICOR
• Wartsila
   

Europe Aeroderivative Gas Turbine Industry News

• In December 2023, Ansaldo Energia secured a significant contract for a GT36 turbine in Germany, marking another milestone in the nation's decarbonization journey. Partnering with Tecnicas Reunidas and a prominent German utility, Ansaldo Energia will supply the heart of a hydrogen-ready combined cycle power plant, featuring the GT36 gas turbine, steam turbine, HRSG, condenser, and auxiliary systems. The GT36, boasting a combined cycle power of 800 MW, demonstrates unparalleled operational flexibility and readiness for hydrogen fuel, aligning with Germany's ambitious decarbonization goals. This contract underscores Ansaldo Energia's pivotal role as a strategic contributor to Europe's clean energy transition.
   
• In October 2021, Mitsubishi Power has secured an order for two M701F gas turbines destined for the Hunter Power Project in Australia. The plant is designed to ensure consistent power supply amid fluctuations in renewable energy sources. These turbines, with the capacity to co-fire with up to 15% hydrogen, play a pivotal role in lowering emissions. Mitsubishi Power remains committed to advancing globally viable, eco-conscious power generation solutions.
   

This Europe aeroderivative gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

• ≤ 50 kW
• > 50 kW to 500 kW
• > 500 kW to 1 MW
• > 1 MW to 30 MW
• > 30 MW 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 countries:

• UK
• France
• Germany
• Russia
• Italy
• Netherlands
• Finland
• Greece
• Denmark
• Romania
• Poland
• Sweden