Gas Turbine Market size to exceed 34GW by 2024

Gas Turbine Market size will exceed an annual installation of 34 GW by 2024, as reported in the latest study by Global Market Insights, Inc.

Global gas turbine market will onlook growth on account of increasing consumer inclination toward sustainable power generating sources coupled with the introduction of stringent energy conservation reforms. Rising energy demand from various manufacturing units and associated industrial establishments along with the large-scale renewable integration prospects will stimulate the industry outlook. Moreover, growing adoption of renewable and effective energy units aligned with favorable government prospects will reinforce business growth.


Request Sample Buy NowInquiry Before Buying


The North America gas turbine market by 2024, is projected to exceed an installation of over 2 GW. Extensive investments toward the research & development activities coupled with increasing inclination pertaining to CHP generation plants will foster the industry outlook. Moreover, refurbishment of existing electricity infrastructure along with the flourishing on-site generation technologies will fuel the product demand. Shale gas revolution favored by the advancements in the extraction & drilling technologies across the region has further instituted a positive business scenario.

U.S. Gas Turbine Market Size, By Capacity, 2017 & 2024 (USD Million)
Gas Turbine Market

Get more details on this report - Request Free Sample PDF


Rapidly increasing investments toward the refurbishment & replacement of existing power generating systems with improved gas-fueled power plants to curtail carbon emissions will augment the global market growth. Furthermore, stabilization of shale gas prices along with substantial upsurge in production & exploration activities across offshore and onshore basins will complement the overall business dynamics.

Browse key industry insights spread across 550 pages with 1078 market data tables & 11 figures & charts from the report, “Gas Turbine Market Size 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 to 200 MW, > 200 MW), By Product (Aero-Derivative, Heavy Duty), By Technology (Open Cycle, Combined Cycle), By Application (Power Plants, Oil & Gas, Process plants, Aviation, Marine), Industry Analysis Report, Regional Analysis (U.S., Canada, Mexico, UK, France, Germany, Russia, Italy, Finland, Netherlands, Greece, Denmark, Ukraine, Sweden, China, India, Australia, Japan, South Korea, Indonesia, Thailand, Malaysia, Saudi Arabia, UAE, Qatar, Kuwait, Oman, Egypt, Turkey, Bahrain, Iraq, Jordan, Lebanon, South Africa, Nigeria, Algeria, Kenya, Ghana, Brazil, Argentina, Peru, Chile, Azerbaijan, Kazakhstan, Belarus), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2018 – 2024” in detail along with the table of contents:

< 50 KW units across the gas turbine market will exceed USD 70 million by 2024. Prevailing technological advancements of co-generating plants to sustain heat & energy consumption across isolated, commercial and industrial infrastructure will increase the product penetration. Expansion of effective re-generative units to withstand low heat tendencies across several deployments in conjunction with rapid expansion across industrial sector will encourage the technological adoption.

Stringent energy efficiency protocols, escalating awareness pertaining to the adoption of renewable energy sources, technological advancements, lower costs are few of the imperative parameters that will augment the market revenue. In addition, increasing focus toward decentralized generation technologies along with ongoing technological proliferation will further complement the business landscape.

Gas turbine market across China will onlook growth owing to the positive outlook toward the clean energy sources along with the development of large-scale gas fueled power generating stations. Leading industry participants across the globe have shifted their focus subject to business development across the Chinese industry. Henceforth, expanding manufacturing base along with low labor cost and easy availability of raw material will strengthen the industry outlook.

Low overall operational cost, compact size, quick start, lower warm up time, and efficient waste heat utilization are among the indispensable parameters which will boost the industry growth. In addition, exploitation of existing energy resources comprising of hydro power and coal along with introduction of regulatory framework pertaining to energy optimization will augment the overall industry dynamics.

Prominent participants operating across the gas turbine market includes NPO Saturn, Cryostar, Opra Turbines, Vericor, Capstone Turbine, Harbin Electric, Zorya-Mashproekt, Siemens AG, Mitsubishi Hitachi, Wartsila, BHEL, Solar Turbines, Man Diesel & Turbo, General Electric, Ansaldo Energia and Kawasaki.

Inquiry Before BuyingRequest Sample

Gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of MW and USD from 2013 to 2024, for the following segments:

Gas Turbine 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 to 200 MW
  • > 200 MW

Gas Turbine Market, By Product

  • Aero-derivative
  • Heavy duty

Gas Turbine Market, By Technology

  • Open cycle
  • Combined cycle

Gas Turbine Market, By Application

  • Power plants
  • Oil & gas
  • Process plants
  • Aviation
  • Marine
  • Others

The above information is provided for the following regions and country:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Italy
    • Finland
    • Netherlands
    • Greece
    • Denmark
    • Ukraine
    • Sweden
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Malaysia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • Kuwait
    • Oman
    • Egypt
    • Turkey
    • Bahrain
    • Iraq
    • Jordan
    • Lebanon
    • South Africa
    • Nigeria
    • Algeria
    • Kenya
    • Ghana
  • Latin America
    • Brazil
    • Argentina
    • Peru
    • Chile
  • CIS
    • Azerbaijan
    • Kazakhstan
    • Belarus


We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X