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Gas Turbine
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
Product & engineering
Understand the product.
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
Selected research
Industry Growth & Trends
Global Gas Turbine Industry Growth and Trends Forecast to 2032
Market perspective
A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
Global Gas Turbine key players include GE, Siemens, Mitsubishi-Hitachi, Alstom, Solar Turbines, etc. Global top five players hold a share about 80%.
Europe is the largest market, with a share about 40%, followed by North America and China, having a total share about 40 percent.
Read the full market overview
In terms of product, Heavy Duty Gas Turbine is the largest segment, with a share about 63%. And in terms of application, the largest application is Power Generation, followed by Oil & Gas, etc.
Report Scope
This report provides a structured, data-driven view of the global Gas Turbine market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Gas Turbine market size, estimates, and forecasts are presented in terms of sales volume (Units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Gas Turbine market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Gas Turbine.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Gas Turbine market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Gas Turbine Market by Company
General Electric
Siemens
Mitsubishi Hitachi Power Systems
Wood Group
Kawasaki Heavy Industries
Solar Turbines
Ansaldo Energia
MTU Aero Engines
Sulzer
MAN Diesel and Turbo
MJB International
Proenergy Services
MAN Energy
BHEL
Gas Turbine Segment by Type
Heavy Duty Gas Turbine
Aeroderivative Gas Turbine
Light Duty Gas Turbine
Gas Turbine Segment by Application
Power Generation
Oil & Gas
Other
Gas Turbine 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 Gas Turbine 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 Gas Turbine 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 Gas Turbine.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: 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 3: Detailed analysis of Gas Turbine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Gas Turbine in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Heavy Duty Gas Turbine
- Aeroderivative Gas Turbine
- Light Duty Gas Turbine
Applications
- Power Generation
- Oil & Gas
- Other
Companies covered
- General Electric
- Siemens
- Mitsubishi Hitachi Power Systems
- Wood Group
- Kawasaki Heavy Industries
- Solar Turbines
- Ansaldo Energia
- MTU Aero Engines
- Sulzer
- MAN Diesel and Turbo
- MJB International
- Proenergy Services
- MAN Energy
- BHEL
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Gas Turbine Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Gas Turbine Sales Estimates and Forecasts (2021-2032)
- 1.3 Gas Turbine Market by Type
- 1.3.1 Heavy Duty Gas Turbine
- 1.3.2 Aeroderivative Gas Turbine
- 1.3.3 Light Duty Gas Turbine
- 1.4 Global Gas Turbine Market Size by Type
- 1.4.1 Global Gas Turbine Market Size Overview by Type (2021-2032)
- 1.4.2 Global Gas Turbine Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Gas Turbine Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Gas Turbine Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Gas Turbine Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Gas Turbine Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Gas Turbine Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Gas Turbine Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Gas Turbine Industry Trends
- 2.2 Gas Turbine Industry Drivers
- 2.3 Gas Turbine Industry Opportunities and Challenges
- 2.4 Gas Turbine Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Gas Turbine Revenue (2021-2026)
- 3.2 Global Top Players by Gas Turbine Sales (2021-2026)
- 3.3 Global Top Players by Gas Turbine Price (2021-2026)
- 3.4 Global Gas Turbine Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Gas Turbine Major Company Production Sites & Headquarters
- 3.6 Global Gas Turbine Company, Product Type & Application
- 3.7 Global Gas Turbine Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Gas Turbine Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Gas Turbine Players Market Share by Revenue in 2025
- 3.8.3 2025 Gas Turbine Tier 1, Tier 2, and Tier 3
4 Gas Turbine Regional Status and Outlook
- 4.1 Global Gas Turbine Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Gas Turbine Historic Market Size by Region
- 4.2.1 Global Gas Turbine Sales in Volume by Region (2021-2026)
- 4.2.2 Global Gas Turbine Sales in Value by Region (2021-2026)
- 4.2.3 Global Gas Turbine Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Gas Turbine Forecasted Market Size by Region
- 4.3.1 Global Gas Turbine Sales in Volume by Region (2027-2032)
- 4.3.2 Global Gas Turbine Sales in Value by Region (2027-2032)
- 4.3.3 Global Gas Turbine Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Gas Turbine by Application
- 5.1 Gas Turbine Market by Application
- 5.1.1 Power Generation
- 5.1.2 Oil & Gas
- 5.1.3 Other
- 5.2 Global Gas Turbine Market Size by Application
- 5.2.1 Global Gas Turbine Market Size Overview by Application (2021-2032)
- 5.2.2 Global Gas Turbine Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Gas Turbine Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Gas Turbine Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Gas Turbine Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Gas Turbine Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Gas Turbine Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Gas Turbine Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 General Electric
- 6.1.1 General Electric Company Information
- 6.1.2 General Electric Business Overview
- 6.1.3 General Electric Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 General Electric Gas Turbine Product Portfolio
- 6.1.5 General Electric Recent Developments
- 6.2 Siemens
- 6.2.1 Siemens Company Information
- 6.2.2 Siemens Business Overview
- 6.2.3 Siemens Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Siemens Gas Turbine Product Portfolio
- 6.2.5 Siemens Recent Developments
- 6.3 Mitsubishi Hitachi Power Systems
- 6.3.1 Mitsubishi Hitachi Power Systems Company Information
- 6.3.2 Mitsubishi Hitachi Power Systems Business Overview
- 6.3.3 Mitsubishi Hitachi Power Systems Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Mitsubishi Hitachi Power Systems Gas Turbine Product Portfolio
- 6.3.5 Mitsubishi Hitachi Power Systems Recent Developments
- 6.4 Wood Group
- 6.4.1 Wood Group Company Information
- 6.4.2 Wood Group Business Overview
- 6.4.3 Wood Group Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Wood Group Gas Turbine Product Portfolio
- 6.4.5 Wood Group Recent Developments
- 6.5 Kawasaki Heavy Industries
- 6.5.1 Kawasaki Heavy Industries Company Information
- 6.5.2 Kawasaki Heavy Industries Business Overview
- 6.5.3 Kawasaki Heavy Industries Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Kawasaki Heavy Industries Gas Turbine Product Portfolio
- 6.5.5 Kawasaki Heavy Industries Recent Developments
- 6.6 Solar Turbines
- 6.6.1 Solar Turbines Company Information
- 6.6.2 Solar Turbines Business Overview
- 6.6.3 Solar Turbines Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Solar Turbines Gas Turbine Product Portfolio
- 6.6.5 Solar Turbines Recent Developments
- 6.7 Ansaldo Energia
- 6.7.1 Ansaldo Energia Company Information
- 6.7.2 Ansaldo Energia Business Overview
- 6.7.3 Ansaldo Energia Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Ansaldo Energia Gas Turbine Product Portfolio
- 6.7.5 Ansaldo Energia Recent Developments
- 6.8 MTU Aero Engines
- 6.8.1 MTU Aero Engines Company Information
- 6.8.2 MTU Aero Engines Business Overview
- 6.8.3 MTU Aero Engines Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 MTU Aero Engines Gas Turbine Product Portfolio
- 6.8.5 MTU Aero Engines Recent Developments
- 6.9 Sulzer
- 6.9.1 Sulzer Company Information
- 6.9.2 Sulzer Business Overview
- 6.9.3 Sulzer Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Sulzer Gas Turbine Product Portfolio
- 6.9.5 Sulzer Recent Developments
- 6.10 MAN Diesel and Turbo
- 6.10.1 MAN Diesel and Turbo Company Information
- 6.10.2 MAN Diesel and Turbo Business Overview
- 6.10.3 MAN Diesel and Turbo Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 MAN Diesel and Turbo Gas Turbine Product Portfolio
- 6.10.5 MAN Diesel and Turbo Recent Developments
- 6.11 MJB International
- 6.11.1 MJB International Company Information
- 6.11.2 MJB International Business Overview
- 6.11.3 MJB International Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 MJB International Gas Turbine Product Portfolio
- 6.11.5 MJB International Recent Developments
- 6.12 Proenergy Services
- 6.12.1 Proenergy Services Company Information
- 6.12.2 Proenergy Services Business Overview
- 6.12.3 Proenergy Services Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Proenergy Services Gas Turbine Product Portfolio
- 6.12.5 Proenergy Services Recent Developments
- 6.13 MAN Energy
- 6.13.1 MAN Energy Company Information
- 6.13.2 MAN Energy Business Overview
- 6.13.3 MAN Energy Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 MAN Energy Gas Turbine Product Portfolio
- 6.13.5 MAN Energy Recent Developments
- 6.14 BHEL
- 6.14.1 BHEL Company Information
- 6.14.2 BHEL Business Overview
- 6.14.3 BHEL Gas Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 BHEL Gas Turbine Product Portfolio
- 6.14.5 BHEL Recent Developments
7 North America by Country
- 7.1 North America Gas Turbine Sales by Country
- 7.1.1 North America Gas Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Gas Turbine Sales by Country (2021-2026)
- 7.1.3 North America Gas Turbine Sales Forecast by Country (2027-2032)
- 7.2 North America Gas Turbine Market Size by Country
- 7.2.1 North America Gas Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Gas Turbine Market Size by Country (2021-2026)
- 7.2.3 North America Gas Turbine Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Gas Turbine Sales by Country
- 8.1.1 Europe Gas Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Gas Turbine Sales by Country (2021-2026)
- 8.1.3 Europe Gas Turbine Sales Forecast by Country (2027-2032)
- 8.2 Europe Gas Turbine Market Size by Country
- 8.2.1 Europe Gas Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Gas Turbine Market Size by Country (2021-2026)
- 8.2.3 Europe Gas Turbine Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Gas Turbine Sales by Country
- 9.1.1 Asia-Pacific Gas Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Gas Turbine Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Gas Turbine Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Gas Turbine Market Size by Country
- 9.2.1 Asia-Pacific Gas Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Gas Turbine Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Gas Turbine Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Gas Turbine Sales by Country
- 10.1.1 South America Gas Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Gas Turbine Sales by Country (2021-2026)
- 10.1.3 South America Gas Turbine Sales Forecast by Country (2027-2032)
- 10.2 South America Gas Turbine Market Size by Country
- 10.2.1 South America Gas Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Gas Turbine Market Size by Country (2021-2026)
- 10.2.3 South America Gas Turbine Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Gas Turbine Sales by Country
- 11.1.1 Middle East and Africa Gas Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Gas Turbine Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Gas Turbine Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Gas Turbine Market Size by Country
- 11.2.1 Middle East and Africa Gas Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Gas Turbine Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Gas Turbine Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Gas Turbine Value Chain Analysis
- 12.1.1 Gas Turbine Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Gas Turbine Production Mode & Process
- 12.2 Gas Turbine Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Gas Turbine Distributors
- 12.2.3 Gas Turbine Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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