Selected research
Industry Growth & Trends
Global Single Shaft Turbine Industry Growth and Trends Forecast to 2032
Market perspective
The global Single Shaft Turbine market was valued at US$ million in 2026 and is projected to reach US$ million by 2032, implying a CAGR of xx% over 2026-2032.
The North America market for Single Shaft Turbine is projected to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026-2032.
The Europe market for Single Shaft Turbine is projected to increase 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 Single Shaft Turbine is projected to increase from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026-2032.
Leading global manufacturers of Single Shaft Turbine include Baker Hughes, Siemens, GE, Solar Turbines, Mitsubishi Heavy Industries, Ltd and Shanghai Electric Group Co., Ltd., among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report provides a structured, data-driven view of the global Single Shaft Turbine market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Single Shaft Turbine market size, estimates, and forecasts are presented in terms of sales volume (k units) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Single Shaft 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 Single Shaft Turbine.
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Single Shaft 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.
Single Shaft Turbine Market by Company
Baker Hughes
Siemens
GE
Solar Turbines
Mitsubishi Heavy Industries, Ltd
Shanghai Electric Group Co., Ltd.
Single Shaft Turbine Segment by Type
Gas Turbine
Steam Turbine
Single Shaft Turbine Segment by Application
Industrial
Cogeneration
Other
Single Shaft 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 Single Shaft 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 Single Shaft 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 Single Shaft 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 Single Shaft Turbine manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Single Shaft 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
- Gas Turbine
- Steam Turbine
Applications
- Industrial
- Cogeneration
- Other
Companies covered
- Baker Hughes
- Siemens
- GE
- Solar Turbines
- Mitsubishi Heavy Industries, Ltd
- Shanghai Electric Group Co., Ltd.
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Single Shaft Turbine Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Single Shaft Turbine Sales Estimates and Forecasts (2021-2032)
- 1.3 Single Shaft Turbine Market by Type
- 1.3.1 Gas Turbine
- 1.3.2 Steam Turbine
- 1.4 Global Single Shaft Turbine Market Size by Type
- 1.4.1 Global Single Shaft Turbine Market Size Overview by Type (2021-2032)
- 1.4.2 Global Single Shaft Turbine Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Single Shaft Turbine Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Single Shaft Turbine Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Single Shaft Turbine Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Single Shaft Turbine Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Single Shaft Turbine Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Single Shaft Turbine Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Single Shaft Turbine Industry Trends
- 2.2 Single Shaft Turbine Industry Drivers
- 2.3 Single Shaft Turbine Industry Opportunities and Challenges
- 2.4 Single Shaft Turbine Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Single Shaft Turbine Revenue (2021-2026)
- 3.2 Global Top Players by Single Shaft Turbine Sales (2021-2026)
- 3.3 Global Top Players by Single Shaft Turbine Price (2021-2026)
- 3.4 Global Single Shaft Turbine Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Single Shaft Turbine Major Company Production Sites & Headquarters
- 3.6 Global Single Shaft Turbine Company, Product Type & Application
- 3.7 Global Single Shaft Turbine Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Single Shaft Turbine Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Single Shaft Turbine Players Market Share by Revenue in 2025
- 3.8.3 2025 Single Shaft Turbine Tier 1, Tier 2, and Tier 3
4 Single Shaft Turbine Regional Status and Outlook
- 4.1 Global Single Shaft Turbine Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Single Shaft Turbine Historic Market Size by Region
- 4.2.1 Global Single Shaft Turbine Sales in Volume by Region (2021-2026)
- 4.2.2 Global Single Shaft Turbine Sales in Value by Region (2021-2026)
- 4.2.3 Global Single Shaft Turbine Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Single Shaft Turbine Forecasted Market Size by Region
- 4.3.1 Global Single Shaft Turbine Sales in Volume by Region (2027-2032)
- 4.3.2 Global Single Shaft Turbine Sales in Value by Region (2027-2032)
- 4.3.3 Global Single Shaft Turbine Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Single Shaft Turbine by Application
- 5.1 Single Shaft Turbine Market by Application
- 5.1.1 Industrial
- 5.1.2 Cogeneration
- 5.1.3 Other
- 5.2 Global Single Shaft Turbine Market Size by Application
- 5.2.1 Global Single Shaft Turbine Market Size Overview by Application (2021-2032)
- 5.2.2 Global Single Shaft Turbine Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Single Shaft Turbine Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Single Shaft Turbine Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Single Shaft Turbine Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Single Shaft Turbine Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Single Shaft Turbine Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Single Shaft Turbine Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Baker Hughes
- 6.1.1 Baker Hughes Company Information
- 6.1.2 Baker Hughes Business Overview
- 6.1.3 Baker Hughes Single Shaft Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Baker Hughes Single Shaft Turbine Product Portfolio
- 6.1.5 Baker Hughes Recent Developments
- 6.2 Siemens
- 6.2.1 Siemens Company Information
- 6.2.2 Siemens Business Overview
- 6.2.3 Siemens Single Shaft Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Siemens Single Shaft Turbine Product Portfolio
- 6.2.5 Siemens Recent Developments
- 6.3 GE
- 6.3.1 GE Company Information
- 6.3.2 GE Business Overview
- 6.3.3 GE Single Shaft Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 GE Single Shaft Turbine Product Portfolio
- 6.3.5 GE Recent Developments
- 6.4 Solar Turbines
- 6.4.1 Solar Turbines Company Information
- 6.4.2 Solar Turbines Business Overview
- 6.4.3 Solar Turbines Single Shaft Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Solar Turbines Single Shaft Turbine Product Portfolio
- 6.4.5 Solar Turbines Recent Developments
- 6.5 Mitsubishi Heavy Industries, Ltd
- 6.5.1 Mitsubishi Heavy Industries, Ltd Company Information
- 6.5.2 Mitsubishi Heavy Industries, Ltd Business Overview
- 6.5.3 Mitsubishi Heavy Industries, Ltd Single Shaft Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Mitsubishi Heavy Industries, Ltd Single Shaft Turbine Product Portfolio
- 6.5.5 Mitsubishi Heavy Industries, Ltd Recent Developments
- 6.6 Shanghai Electric Group Co., Ltd.
- 6.6.1 Shanghai Electric Group Co., Ltd. Company Information
- 6.6.2 Shanghai Electric Group Co., Ltd. Business Overview
- 6.6.3 Shanghai Electric Group Co., Ltd. Single Shaft Turbine Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 Shanghai Electric Group Co., Ltd. Single Shaft Turbine Product Portfolio
- 6.6.5 Shanghai Electric Group Co., Ltd. Recent Developments
7 North America by Country
- 7.1 North America Single Shaft Turbine Sales by Country
- 7.1.1 North America Single Shaft Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Single Shaft Turbine Sales by Country (2021-2026)
- 7.1.3 North America Single Shaft Turbine Sales Forecast by Country (2027-2032)
- 7.2 North America Single Shaft Turbine Market Size by Country
- 7.2.1 North America Single Shaft Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Single Shaft Turbine Market Size by Country (2021-2026)
- 7.2.3 North America Single Shaft Turbine Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Single Shaft Turbine Sales by Country
- 8.1.1 Europe Single Shaft Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Single Shaft Turbine Sales by Country (2021-2026)
- 8.1.3 Europe Single Shaft Turbine Sales Forecast by Country (2027-2032)
- 8.2 Europe Single Shaft Turbine Market Size by Country
- 8.2.1 Europe Single Shaft Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Single Shaft Turbine Market Size by Country (2021-2026)
- 8.2.3 Europe Single Shaft Turbine Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Single Shaft Turbine Sales by Country
- 9.1.1 Asia-Pacific Single Shaft Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Single Shaft Turbine Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Single Shaft Turbine Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Single Shaft Turbine Market Size by Country
- 9.2.1 Asia-Pacific Single Shaft Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Single Shaft Turbine Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Single Shaft Turbine Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Single Shaft Turbine Sales by Country
- 10.1.1 South America Single Shaft Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Single Shaft Turbine Sales by Country (2021-2026)
- 10.1.3 South America Single Shaft Turbine Sales Forecast by Country (2027-2032)
- 10.2 South America Single Shaft Turbine Market Size by Country
- 10.2.1 South America Single Shaft Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Single Shaft Turbine Market Size by Country (2021-2026)
- 10.2.3 South America Single Shaft Turbine Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Single Shaft Turbine Sales by Country
- 11.1.1 Middle East and Africa Single Shaft Turbine Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Single Shaft Turbine Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Single Shaft Turbine Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Single Shaft Turbine Market Size by Country
- 11.2.1 Middle East and Africa Single Shaft Turbine Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Single Shaft Turbine Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Single Shaft Turbine Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Single Shaft Turbine Value Chain Analysis
- 12.1.1 Single Shaft 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 Single Shaft Turbine Production Mode & Process
- 12.2 Single Shaft Turbine Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Single Shaft Turbine Distributors
- 12.2.3 Single Shaft 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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