APO RESEARCH · REPORT
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 Research
Gas Turbine Industry Research Report 2026
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 quantifies the global Gas Turbine 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 Gas Turbine.
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.
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: 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 Gas Turbine 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 Gas Turbine 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 Gas Turbine 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
- 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 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 Gas Turbine by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Heavy Duty Gas Turbine
- 2.2.3 Aeroderivative Gas Turbine
- 2.2.4 Light Duty Gas Turbine
- 2.3 Gas Turbine by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Power Generation
- 2.3.3 Oil & Gas
- 2.3.4 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Gas Turbine Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Gas Turbine Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Gas Turbine Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Gas Turbine Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Gas Turbine Production by Manufacturers (2021-2026)
- 3.2 Global Gas Turbine Production Value by Manufacturers (2021-2026)
- 3.3 Global Gas Turbine Average Price by Manufacturers (2021-2026)
- 3.4 Global Gas Turbine Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Gas Turbine Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Gas Turbine Manufacturers, Product Type & Application
- 3.7 Global Gas Turbine Manufacturers Established Date
- 3.8 Global Gas Turbine Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 General Electric
- 4.1.1 General Electric Gas Turbine Company Information
- 4.1.2 General Electric Gas Turbine Business Overview
- 4.1.3 General Electric Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.1.4 General Electric Product Portfolio
- 4.1.5 General Electric Recent Developments
- 4.2 Siemens
- 4.2.1 Siemens Gas Turbine Company Information
- 4.2.2 Siemens Gas Turbine Business Overview
- 4.2.3 Siemens Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.2.4 Siemens Product Portfolio
- 4.2.5 Siemens Recent Developments
- 4.3 Mitsubishi Hitachi Power Systems
- 4.3.1 Mitsubishi Hitachi Power Systems Gas Turbine Company Information
- 4.3.2 Mitsubishi Hitachi Power Systems Gas Turbine Business Overview
- 4.3.3 Mitsubishi Hitachi Power Systems Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.3.4 Mitsubishi Hitachi Power Systems Product Portfolio
- 4.3.5 Mitsubishi Hitachi Power Systems Recent Developments
- 4.4 Wood Group
- 4.4.1 Wood Group Gas Turbine Company Information
- 4.4.2 Wood Group Gas Turbine Business Overview
- 4.4.3 Wood Group Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.4.4 Wood Group Product Portfolio
- 4.4.5 Wood Group Recent Developments
- 4.5 Kawasaki Heavy Industries
- 4.5.1 Kawasaki Heavy Industries Gas Turbine Company Information
- 4.5.2 Kawasaki Heavy Industries Gas Turbine Business Overview
- 4.5.3 Kawasaki Heavy Industries Gas Turbine 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 Solar Turbines
- 4.6.1 Solar Turbines Gas Turbine Company Information
- 4.6.2 Solar Turbines Gas Turbine Business Overview
- 4.6.3 Solar Turbines Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.6.4 Solar Turbines Product Portfolio
- 4.6.5 Solar Turbines Recent Developments
- 4.7 Ansaldo Energia
- 4.7.1 Ansaldo Energia Gas Turbine Company Information
- 4.7.2 Ansaldo Energia Gas Turbine Business Overview
- 4.7.3 Ansaldo Energia Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.7.4 Ansaldo Energia Product Portfolio
- 4.7.5 Ansaldo Energia Recent Developments
- 4.8 MTU Aero Engines
- 4.8.1 MTU Aero Engines Gas Turbine Company Information
- 4.8.2 MTU Aero Engines Gas Turbine Business Overview
- 4.8.3 MTU Aero Engines Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.8.4 MTU Aero Engines Product Portfolio
- 4.8.5 MTU Aero Engines Recent Developments
- 4.9 Sulzer
- 4.9.1 Sulzer Gas Turbine Company Information
- 4.9.2 Sulzer Gas Turbine Business Overview
- 4.9.3 Sulzer Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.9.4 Sulzer Product Portfolio
- 4.9.5 Sulzer Recent Developments
- 4.10 MAN Diesel and Turbo
- 4.10.1 MAN Diesel and Turbo Gas Turbine Company Information
- 4.10.2 MAN Diesel and Turbo Gas Turbine Business Overview
- 4.10.3 MAN Diesel and Turbo Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.10.4 MAN Diesel and Turbo Product Portfolio
- 4.10.5 MAN Diesel and Turbo Recent Developments
- 4.11 MJB International
- 4.11.1 MJB International Gas Turbine Company Information
- 4.11.2 MJB International Gas Turbine Business Overview
- 4.11.3 MJB International Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.11.4 MJB International Product Portfolio
- 4.11.5 MJB International Recent Developments
- 4.12 Proenergy Services
- 4.12.1 Proenergy Services Gas Turbine Company Information
- 4.12.2 Proenergy Services Gas Turbine Business Overview
- 4.12.3 Proenergy Services Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.12.4 Proenergy Services Product Portfolio
- 4.12.5 Proenergy Services Recent Developments
- 4.13 MAN Energy
- 4.13.1 MAN Energy Gas Turbine Company Information
- 4.13.2 MAN Energy Gas Turbine Business Overview
- 4.13.3 MAN Energy Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.13.4 MAN Energy Product Portfolio
- 4.13.5 MAN Energy Recent Developments
- 4.14 BHEL
- 4.14.1 BHEL Gas Turbine Company Information
- 4.14.2 BHEL Gas Turbine Business Overview
- 4.14.3 BHEL Gas Turbine Production, Value and Gross Margin (2021-2026)
- 4.14.4 BHEL Product Portfolio
- 4.14.5 BHEL Recent Developments
5 Global Gas Turbine Production by Region
- 5.1 Global Gas Turbine Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Gas Turbine Production by Region: 2021-2032
- 5.2.1 Global Gas Turbine Production by Region: 2021-2026
- 5.2.2 Global Gas Turbine Production Forecast by Region (2027-2032)
- 5.3 Global Gas Turbine Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Gas Turbine Production Value by Region: 2021-2032
- 5.4.1 Global Gas Turbine Production Value by Region: 2021-2026
- 5.4.2 Global Gas Turbine Production Value Forecast by Region (2027-2032)
- 5.5 Global Gas Turbine Market Price Analysis by Region (2021-2026)
- 5.6 Global Gas Turbine Production and Value, YOY Growth
- 5.6.1 North America Gas Turbine Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Gas Turbine Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Gas Turbine Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Gas Turbine Production Value Estimates and Forecasts (2021-2032)
6 Global Gas Turbine Consumption by Region
- 6.1 Global Gas Turbine Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Gas Turbine Consumption by Region (2021-2032)
- 6.2.1 Global Gas Turbine Consumption by Region: 2021-2026
- 6.2.2 Global Gas Turbine Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Gas Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Gas Turbine 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 Gas Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Gas Turbine 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 Gas Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Gas Turbine 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 Gas Turbine Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Gas Turbine 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 Gas Turbine Production by Type (2021-2032)
- 7.1.1 Global Gas Turbine Production by Type (2021-2032) & (Units)
- 7.1.2 Global Gas Turbine Production Market Share by Type (2021-2032)
- 7.2 Global Gas Turbine Production Value by Type (2021-2032)
- 7.2.1 Global Gas Turbine Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Gas Turbine Production Value Market Share by Type (2021-2032)
- 7.3 Global Gas Turbine Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Gas Turbine Production by Application (2021-2032)
- 8.1.1 Global Gas Turbine Production by Application (2021-2032) & (Units)
- 8.1.2 Global Gas Turbine Production Market Share by Application (2021-2032)
- 8.2 Global Gas Turbine Production Value by Application (2021-2032)
- 8.2.1 Global Gas Turbine Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Gas Turbine Production Value Market Share by Application (2021-2032)
- 8.3 Global Gas Turbine Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Gas Turbine Value Chain Analysis
- 9.1.1 Gas Turbine Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Gas Turbine Production Mode & Process
- 9.2 Gas Turbine Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Gas Turbine Distributors
- 9.2.3 Gas Turbine Customers
10 Global Gas Turbine Analyzing Market Dynamics
- 10.1 Gas Turbine Industry Trends
- 10.2 Gas Turbine Industry Drivers
- 10.3 Gas Turbine Industry Opportunities and Challenges
- 10.4 Gas Turbine Industry Restraints
11 Report Conclusion
12 Disclaimer
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