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Gas Turbine Market Share

  • Report ID: GMI1181
  • Published Date: Jan 2024
  • Report Format: PDF

Gas Turbine Market Share

Key players in the gas turbine industry are strategically focusing on marketing initiatives, technological advancements, brand recognition, and achieving operational efficiencies to navigate the competitive market effectively. Their primary focus is on creating intelligent turbine designs by incorporating advanced technological features and ergonomic capabilities into gas turbines.
 

General Electric, a global conglomerate with operations spanning aviation, healthcare, renewable energy, and power, is recognized for its innovations that have significantly influenced modern technology. The company's dedication to sustainable solutions reflects its mission to tackle global challenges. With a storied history of groundbreaking advancements, General Electric remains a key player in shaping the trajectory of various industries, underscoring its commitment to shaping the future.
 

Gas Turbine Market Companies

The key players operating across the industry include:

  • General Electric
  • Siemens
  • Mitsubishi Heavy Industries Ltd.
  • Wartsila
  • Kawasaki Heavy Industries, Ltd.
  • Opra Turbines
  • Solar Turbines Incorporated
  • Harbin Electric Corporation Co., Ltd.
  • Bharat Heavy Electricals Limited (BHEL)
  • VERICOR
  • MAN Energy Solutions
  • Capstone Green Energy Corporation
  • UEC-Saturn
  • Zorya-Mashproekt
  • Baker Hughes Company
  • Nanjing Turbine & Electric Machinery (Group) Co., Ltd.
  • Ansaldo Energia
  • Flex Energy Solutions
  • Doosan
  • Rolls Royce PLC
Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gas turbine was worth USD 16.7 billion in 2023 and is set to grow at 5.5% CAGR through 2034, attributed to the growing need for power generation led by surging industrialization worldwide.

Open cycle gas turbine market is poised to record 4.5% CAGR between 2024 and 2034, owing to their ability to start quickly and achieve full load rapidly for meeting peak power demand and providing grid stability.

North America gas turbine industry was worth USD 2.3 billion in 2023 and is set to exhibit robust growth through 2034, attributed to the ongoing transition to cleaner energy sources along with environmental concerns and emission regulations.

Some of the leading gas turbine firms are General Electric, Mitsubishi Heavy Industries Ltd., Opra Turbines, Mitsubishi Heavy Industries Ltd., Siemens, Kawasaki Heavy Industries, Ltd., Bharat Heavy Electricals Limited (BHEL), MAN Energy Solutions, and Capstone Green Energy Corporation

Gas Turbine Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 1513
  • Countries covered: 43
  • Pages: 725
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