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Industry Research
Industrial Turbines Industry Research Report 2026
Market perspective
The global Industrial Turbines market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for Industrial Turbines is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for Industrial Turbines is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for Industrial Turbines is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of Industrial Turbines include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global Industrial Turbines market in revenue (US$ million) and, where applicable, sales volume (units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Industrial Turbines.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
Industrial Turbines Market by Company
Ansaldo Energia
BHEL
GE
Siemens
Kawasaki Heavy Industries
Mitsubishi Heavy Industries
Fuji Electric
Toshiba
Peter Brotherhood
Doosan Skoda Power
Elliott Group
Harbin Electric Machinery
Dongfang Electric
Industrial Turbines Segment by Type
Gas Turbines
Steam Turbines
Industrial Turbines Segment by Application
Power and Utility
Engineering
Others
Industrial Turbines Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Industrial Turbines market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Industrial Turbines and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Industrial Turbines.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Industrial Turbines manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Industrial Turbines by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Industrial Turbines in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Gas Turbines
- Steam Turbines
Applications
- Power and Utility
- Engineering
- Others
Companies covered
- Ansaldo Energia
- BHEL
- GE
- Siemens
- Kawasaki Heavy Industries
- Mitsubishi Heavy Industries
- Fuji Electric
- Toshiba
- Peter Brotherhood
- Doosan Skoda Power
- Elliott Group
- Harbin Electric Machinery
- Dongfang Electric
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Industrial Turbines by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Gas Turbines
- 2.2.3 Steam Turbines
- 2.3 Industrial Turbines by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Power and Utility
- 2.3.3 Engineering
- 2.3.4 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Industrial Turbines Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Industrial Turbines Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Industrial Turbines Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Industrial Turbines Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Industrial Turbines Production by Manufacturers (2021-2026)
- 3.2 Global Industrial Turbines Production Value by Manufacturers (2021-2026)
- 3.3 Global Industrial Turbines Average Price by Manufacturers (2021-2026)
- 3.4 Global Industrial Turbines Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Industrial Turbines Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Industrial Turbines Manufacturers, Product Type & Application
- 3.7 Global Industrial Turbines Manufacturers Established Date
- 3.8 Global Industrial Turbines Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Ansaldo Energia
- 4.1.1 Ansaldo Energia Industrial Turbines Company Information
- 4.1.2 Ansaldo Energia Industrial Turbines Business Overview
- 4.1.3 Ansaldo Energia Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.1.4 Ansaldo Energia Product Portfolio
- 4.1.5 Ansaldo Energia Recent Developments
- 4.2 BHEL
- 4.2.1 BHEL Industrial Turbines Company Information
- 4.2.2 BHEL Industrial Turbines Business Overview
- 4.2.3 BHEL Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.2.4 BHEL Product Portfolio
- 4.2.5 BHEL Recent Developments
- 4.3 GE
- 4.3.1 GE Industrial Turbines Company Information
- 4.3.2 GE Industrial Turbines Business Overview
- 4.3.3 GE Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.3.4 GE Product Portfolio
- 4.3.5 GE Recent Developments
- 4.4 Siemens
- 4.4.1 Siemens Industrial Turbines Company Information
- 4.4.2 Siemens Industrial Turbines Business Overview
- 4.4.3 Siemens Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.4.4 Siemens Product Portfolio
- 4.4.5 Siemens Recent Developments
- 4.5 Kawasaki Heavy Industries
- 4.5.1 Kawasaki Heavy Industries Industrial Turbines Company Information
- 4.5.2 Kawasaki Heavy Industries Industrial Turbines Business Overview
- 4.5.3 Kawasaki Heavy Industries Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.5.4 Kawasaki Heavy Industries Product Portfolio
- 4.5.5 Kawasaki Heavy Industries Recent Developments
- 4.6 Mitsubishi Heavy Industries
- 4.6.1 Mitsubishi Heavy Industries Industrial Turbines Company Information
- 4.6.2 Mitsubishi Heavy Industries Industrial Turbines Business Overview
- 4.6.3 Mitsubishi Heavy Industries Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.6.4 Mitsubishi Heavy Industries Product Portfolio
- 4.6.5 Mitsubishi Heavy Industries Recent Developments
- 4.7 Fuji Electric
- 4.7.1 Fuji Electric Industrial Turbines Company Information
- 4.7.2 Fuji Electric Industrial Turbines Business Overview
- 4.7.3 Fuji Electric Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.7.4 Fuji Electric Product Portfolio
- 4.7.5 Fuji Electric Recent Developments
- 4.8 Toshiba
- 4.8.1 Toshiba Industrial Turbines Company Information
- 4.8.2 Toshiba Industrial Turbines Business Overview
- 4.8.3 Toshiba Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.8.4 Toshiba Product Portfolio
- 4.8.5 Toshiba Recent Developments
- 4.9 Peter Brotherhood
- 4.9.1 Peter Brotherhood Industrial Turbines Company Information
- 4.9.2 Peter Brotherhood Industrial Turbines Business Overview
- 4.9.3 Peter Brotherhood Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.9.4 Peter Brotherhood Product Portfolio
- 4.9.5 Peter Brotherhood Recent Developments
- 4.10 Doosan Skoda Power
- 4.10.1 Doosan Skoda Power Industrial Turbines Company Information
- 4.10.2 Doosan Skoda Power Industrial Turbines Business Overview
- 4.10.3 Doosan Skoda Power Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.10.4 Doosan Skoda Power Product Portfolio
- 4.10.5 Doosan Skoda Power Recent Developments
- 4.11 Elliott Group
- 4.11.1 Elliott Group Industrial Turbines Company Information
- 4.11.2 Elliott Group Industrial Turbines Business Overview
- 4.11.3 Elliott Group Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.11.4 Elliott Group Product Portfolio
- 4.11.5 Elliott Group Recent Developments
- 4.12 Harbin Electric Machinery
- 4.12.1 Harbin Electric Machinery Industrial Turbines Company Information
- 4.12.2 Harbin Electric Machinery Industrial Turbines Business Overview
- 4.12.3 Harbin Electric Machinery Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.12.4 Harbin Electric Machinery Product Portfolio
- 4.12.5 Harbin Electric Machinery Recent Developments
- 4.13 Dongfang Electric
- 4.13.1 Dongfang Electric Industrial Turbines Company Information
- 4.13.2 Dongfang Electric Industrial Turbines Business Overview
- 4.13.3 Dongfang Electric Industrial Turbines Production, Value and Gross Margin (2021-2026)
- 4.13.4 Dongfang Electric Product Portfolio
- 4.13.5 Dongfang Electric Recent Developments
5 Global Industrial Turbines Production by Region
- 5.1 Global Industrial Turbines Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Industrial Turbines Production by Region: 2021-2032
- 5.2.1 Global Industrial Turbines Production by Region: 2021-2026
- 5.2.2 Global Industrial Turbines Production Forecast by Region (2027-2032)
- 5.3 Global Industrial Turbines Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Industrial Turbines Production Value by Region: 2021-2032
- 5.4.1 Global Industrial Turbines Production Value by Region: 2021-2026
- 5.4.2 Global Industrial Turbines Production Value Forecast by Region (2027-2032)
- 5.5 Global Industrial Turbines Market Price Analysis by Region (2021-2026)
- 5.6 Global Industrial Turbines Production and Value, YOY Growth
- 5.6.1 North America Industrial Turbines Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Industrial Turbines Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Industrial Turbines Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Industrial Turbines Production Value Estimates and Forecasts (2021-2032)
6 Global Industrial Turbines Consumption by Region
- 6.1 Global Industrial Turbines Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Industrial Turbines Consumption by Region (2021-2032)
- 6.2.1 Global Industrial Turbines Consumption by Region: 2021-2026
- 6.2.2 Global Industrial Turbines Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Industrial Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Industrial Turbines Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Industrial Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Industrial Turbines Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Industrial Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Industrial Turbines Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Industrial Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Industrial Turbines Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Industrial Turbines Production by Type (2021-2032)
- 7.1.1 Global Industrial Turbines Production by Type (2021-2032) & (units)
- 7.1.2 Global Industrial Turbines Production Market Share by Type (2021-2032)
- 7.2 Global Industrial Turbines Production Value by Type (2021-2032)
- 7.2.1 Global Industrial Turbines Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Industrial Turbines Production Value Market Share by Type (2021-2032)
- 7.3 Global Industrial Turbines Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Industrial Turbines Production by Application (2021-2032)
- 8.1.1 Global Industrial Turbines Production by Application (2021-2032) & (units)
- 8.1.2 Global Industrial Turbines Production Market Share by Application (2021-2032)
- 8.2 Global Industrial Turbines Production Value by Application (2021-2032)
- 8.2.1 Global Industrial Turbines Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Industrial Turbines Production Value Market Share by Application (2021-2032)
- 8.3 Global Industrial Turbines Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Industrial Turbines Value Chain Analysis
- 9.1.1 Industrial Turbines Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Industrial Turbines Production Mode & Process
- 9.2 Industrial Turbines Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Industrial Turbines Distributors
- 9.2.3 Industrial Turbines Customers
10 Global Industrial Turbines Analyzing Market Dynamics
- 10.1 Industrial Turbines Industry Trends
- 10.2 Industrial Turbines Industry Drivers
- 10.3 Industrial Turbines Industry Opportunities and Challenges
- 10.4 Industrial Turbines Industry Restraints
11 Report Conclusion
12 Disclaimer
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