Gas Turbine Market Size Worth Around $31.2 billion by 2026

The global gas turbine market size is anticipated to around USD 31.2 billion by 2026, this market is anticipated to grow with 5.0% CAGR during the forecast time period.

The proposed market report of Acumen Research and Consulting on the global Gas Turbine market evaluates the opportunities in the current market, and provides updates and insights corresponding to different segments involved in the global Gas Turbine market over the forecast period 2019-2026. The global Gas Turbine market report further exhibits the estimated data for 2019, and forecast data up to 2026 in terms of value (US$ Mn) and volume (MT).

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The present study exhibits the trends and market dynamics of the Gas Turbine market in seven major regions – North America, Latin America, Europe, Asia Pacific, Japan, Oceania, and Middle East and Africa. The report also includes the study of the current issues with consumers and various future opportunities for the market.

Market Segmentation

Market By Capacity

  • ≤200 MW
  • >200 MW

Market By Technology

  • Open Cycle
  • Combined Cycle

Market By Application

  • Power Generation
  • Industrial
  • Aviation

Market By Geography


  • North America
    U.S.
    Canada
    Mexico


  • Europe
    UK
    Germany
    France
    Rest of Europe


  • Asia-Pacific
    China
    Japan
    India
    Australia
    Rest of Asia-Pacific


  • Latin America
    Brazil
    Chile
    Rest of Latin America


  • Middle East and Africa (MEA)
    South Africa
    Saudi Arabia
    Rest of MEA

Report Description

The report explores the global Gas Turbine market for the period 2019–2026. The primary objective of the report is to provide insights into key developments in the market that are consistently supporting the transformation of global businesses associated with Gas Turbine. It is very important to consider that in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global Gas Turbine market, and to discover equitable opportunities.

Yet another key feature of this report is that the estimation of the global Gas Turbine market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global market.

The report starts with an elaborate executive summary, the market definition of various segmentations that are included, and their respective shares in the global Gas Turbine market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the market. The report also highlights the various market dynamics, which include the drivers, restraints, opportunities, and trends in the global market. The report further underlines the study of the present issues with industrial processing and opportunities for the growth of market. It also encompasses value chain analysis that provides a structural view of overall profitability from the manufacturers to the end users of the market. In order to provide users with a clear view of the global Gas Turbine market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of Gas Turbine powder manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global Gas Turbine market attractiveness analysis by sugar type, form type, end use, source, and region.

To evaluate the overall market size of the Gas Turbine market, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market shares by nature, form, end use, distribution channel, region, and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast presented in the Gas Turbine market report arrives at the total revenue being generated, and the expected revenue contribution in the future by the global market.

Detailed profiles of companies that manufacture Gas Turbine are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global market.

Market Participants

Some of the main businesses present in the area Gas turbineare Zorya-Mashproekt, General Electric, Harbin Electric International Company, Siemens AG, NPO Saturn, Wartsila, Cryostar, Mitsubishi Hitachi Power Systems, Capstone Turbine, BHEL, Man Diesel & Turbo, Kawasaki Heavy Industries, Vericor Power Systems, Ansaldo Energia, Opra Turbines, and Solar Turbines. Significant strategic initiatives undertaken by global businesses include partnerships, new product launch, and acquisitions.

Table Of Contents

CHAPTER 1. INDUSTRY OVERVIEW

1.1. Definition and Scope
1.1.1. Definition of Gas Turbine
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Gas Turbine Market By Capacity
1.2.2.1. Global Gas Turbine Market Revenue and Growth Rate Comparison By Capacity (2015-2026)
1.2.2.2. Global Gas Turbine Market Revenue Share By Capacity in 2017
1.2.2.3. ≤200 MW
1.2.2.4. >200 MW
1.2.2.5. Others
1.2.3. Gas Turbine Market By Technology
1.2.3.1. Global Gas Turbine Market Revenue and Growth Rate Comparison By Technology (2015-2026)
1.2.3.2. Open Cycle
1.2.3.3. Combined Cycle
1.2.3.4. Others
1.2.4. Gas Turbine Market By Application
1.2.4.1. Global Gas Turbine Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.4.2. Power Generation
1.2.4.3. Industrial
1.2.4.4. Aviation
1.2.4.5. Others
1.2.5. Gas Turbine Market by Geography
1.2.5.1. Global Gas Turbine Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.5.2. North America Gas Turbine Market Revenue and Growth Rate (2015-2026)
1.2.5.3. Europe Gas Turbine Market Revenue and Growth Rate (2015-2026)
1.2.5.4. Asia-Pacific Gas Turbine Market Revenue and Growth Rate (2015-2026)
1.2.5.5. Latin America Gas Turbine Market Revenue and Growth Rate (2015-2026)
1.2.5.6. Middle East and Africa (MEA) Gas Turbine Market Revenue and Growth Rate (2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS

2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS

3.1. Capacity and Commercial Production Date of Global Gas Turbine Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Gas Turbine Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Gas Turbine Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Gas Turbine Major Manufacturers in 2017

CHAPTER 4. GAS TURBINE MARKET BY CAPACITY

4.1. Global Gas Turbine Revenue By Capacity
4.2. ≤200 MW
4.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.3. >200 MW
4.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
4.4. Other
4.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 5. GAS TURBINE MARKET BY TECHNOLOGY

5.1. Global Gas Turbine Revenue By Technology
5.2. Open Cycle
5.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.3. Combined Cycle
5.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
5.4. Others
5.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 6. GAS TURBINE MARKET BY APPLICATION

6.1. Global Gas Turbine Revenue By Application
6.2. Power Generation
6.2.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.3. Industrial
6.3.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.4. Aviation
6.4.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)
6.5. Others
6.5.1. Market Revenue and Growth Rate, 2015 – 2026 ($Million)
6.5.2. Market Revenue and Forecast, By Region, 2015 – 2026 ($Million)

CHAPTER 7. NORTH AMERICA GAS TURBINE MARKET BY COUNTRY

7.1. North America Gas Turbine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
7.2. North America Gas Turbine Market Revenue Share Comparison, 2015 & 2026 (%)
7.3. U.S.
7.3.1. U.S. Gas Turbine Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
7.3.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.4. Canada
7.4.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
7.4.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
7.5. Mexico
7.5.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
7.5.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
7.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 8. EUROPE GAS TURBINE MARKET BY COUNTRY

8.1. Europe Gas Turbine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
8.2. Europe Gas Turbine Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. UK
8.3.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
8.3.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.4. Germany
8.4.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
8.4.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.5. France
8.5.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
8.5.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.6. Spain
8.6.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
8.6.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.6.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
8.7. Rest of Europe
8.7.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
8.7.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
8.7.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 9. ASIA-PACIFIC GAS TURBINE MARKET BY COUNTRY

9.1. Asia-Pacific Gas Turbine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
9.2. Asia-Pacific Gas Turbine Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. China
9.3.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
9.3.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.4. Japan
9.4.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
9.4.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.5. India
9.5.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
9.5.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.6. Australia
9.6.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
9.6.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.6.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.7. South Korea
9.7.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
9.7.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.7.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
9.8. Rest of Asia-Pacific
9.8.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
9.8.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
9.8.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 10. LATIN AMERICA GAS TURBINE MARKET BY COUNTRY

10.1. Latin America Gas Turbine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
10.2. Latin America Gas Turbine Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. Brazil
10.3.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
10.3.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.4. Argentina
10.4.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
10.4.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
10.5. Rest of Latin America
10.5.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
10.5.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
10.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 11. MIDDLE EAST GAS TURBINE MARKET BY COUNTRY

11.1. Middle East Gas Turbine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
11.2. Middle East Gas Turbine Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Saudi Arabia
11.3.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
11.3.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.4. UAE
11.4.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
11.4.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
11.5. Rest of Middle East
11.5.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
11.5.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
11.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 12. AFRICA GAS TURBINE MARKET BY COUNTRY

12.1. Africa Gas Turbine Market Revenue and Growth Rate, 2015 – 2026 ($Million)
12.2. Africa Gas Turbine Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. South Africa
12.3.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
12.3.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
12.3.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.4. Egypt
12.4.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
12.4.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
12.4.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)
12.5. Rest of Africa
12.5.1. Market Revenue and Forecast By Capacity, 2015 – 2026 ($Million)
12.5.2. Market Revenue and Forecast By Technology, 2015 – 2026 ($Million)
12.5.3. Market Revenue and Forecast By Application, 2015 – 2026 ($Million)

CHAPTER 13. COMPANY PROFILE

13.1. Zorya-Mashproekt
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. General Electric
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Harbin Electric International Company
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Siemens AG
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. NPO Saturn
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Wartsila
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Cryostar
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Mitsubishi Hitachi Power Systems
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Capstone Turbine
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. BHEL
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
13.11. Man Diesel & Turbo
13.11.1. Company Snapshot
13.11.2. Overview
13.11.3. Financial Overview
13.11.4. Type Portfolio
13.11.5. Key Developments
13.11.6. Strategies
13.12. Kawasaki Heavy Industries
13.12.1. Company Snapshot
13.12.2. Overview
13.12.3. Financial Overview
13.12.4. Type Portfolio
13.12.5. Key Developments
13.12.6. Strategies
13.13. Vericor Power Systems
13.13.1. Company Snapshot
13.13.2. Overview
13.13.3. Financial Overview
13.13.4. Type Portfolio
13.13.5. Key Developments
13.13.6. Strategies
13.14. Ansaldo Energia
13.14.1. Company Snapshot
13.14.2. Overview
13.14.3. Financial Overview
13.14.4. Type Portfolio
13.14.5. Key Developments
13.14.6. Strategies
13.15. Opra Turbines
13.15.1. Company Snapshot
13.15.2. Overview
13.15.3. Financial Overview
13.15.4. Type Portfolio
13.15.5. Key Developments
13.15.6. Strategies
13.16. Solar Turbines
13.16.1. Company Snapshot
13.16.2. Overview
13.16.3. Financial Overview
13.16.4. Type Portfolio
13.16.5. Key Developments
13.16.6. Strategies
13.17. Others
13.17.1. Company Snapshot
13.17.2. Overview
13.17.3. Financial Overview
13.17.4. Type Portfolio
13.17.5. Key Developments
13.17.6. Strategies

CHAPTER 14. RESEARCH APPROACH

14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
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