APO RESEARCH · REPORT
Industrial Gas Turbines
A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
Product & engineering
Understand the product.
A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
Selected research
Market Structure
Global Industrial Gas Turbines Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
Global Industrial Gas Turbines key players include Siemens, Kawasaki, Solar Turbines, etc. Global top three manufacturers hold a share over 70%.
Europe is the largest market, with a share over 35%, followed by Asia-Pacific, and North America, both have a share over 55 percent.
Read the full market overview
In terms of product, Less Than 20MW is the largest segment, with a share about 70%. And in terms of application, the largest application is Power Generation, followed by Oil and Gas, etc.
The report provides an overview of the global Industrial Gas Turbines market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Industrial Gas Turbines and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Industrial Gas Turbines sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Industrial Gas Turbines market size, projected growth trends, production technologies, key applications, and end-use industries.
Industrial Gas Turbines Segment by Company
GE
Siemens
MHPS
Ansaldo
Kawasaki
Solar Turbines
MAN Energy
BHEL
Industrial Gas Turbines Segment by Type
Less Than 20MW
More Than 20MW
Industrial Gas Turbines Segment by Application
Power Generation
Oil and Gas
Other
Industrial Gas 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
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
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 Gas 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 Gas 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 Gas 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: Provides an overview of the Industrial Gas Turbines market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Industrial Gas Turbines industry.
Chapter 3: Detailed analysis of Industrial Gas Turbines market competition landscape. Including Industrial Gas Turbines manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: 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 5: 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 6: 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 7: Production/Production Value of Industrial Gas Turbines by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Industrial Gas 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Less Than 20MW
- More Than 20MW
Applications
- Power Generation
- Oil and Gas
- Other
Companies covered
- GE
- Siemens
- MHPS
- Ansaldo
- Kawasaki
- Solar Turbines
- MAN Energy
- BHEL
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Industrial Gas Turbines Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Industrial Gas Turbines Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Industrial Gas Turbines Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Industrial Gas Turbines Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Industrial Gas Turbines Market Dynamics
- 2.1 Industrial Gas Turbines Industry Trends
- 2.2 Industrial Gas Turbines Industry Drivers
- 2.3 Industrial Gas Turbines Industry Opportunities and Challenges
- 2.4 Industrial Gas Turbines Industry Restraints
3 Industrial Gas Turbines Market by Manufacturers
- 3.1 Global Industrial Gas Turbines Production Value by Manufacturers (2021-2026)
- 3.2 Global Industrial Gas Turbines Production by Manufacturers (2021-2026)
- 3.3 Global Industrial Gas Turbines Average Price by Manufacturers (2021-2026)
- 3.4 Global Industrial Gas Turbines Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Industrial Gas Turbines Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Industrial Gas Turbines Manufacturers, Product Type & Application
- 3.7 Global Industrial Gas Turbines Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Industrial Gas Turbines Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Industrial Gas Turbines Players Market Share by Production Value in 2025
- 3.8.3 2025 Industrial Gas Turbines Tier 1, Tier 2, and Tier 3
4 Industrial Gas Turbines Market by Type
- 4.1 Industrial Gas Turbines Type Introduction
- 4.1.1 Less Than 20MW
- 4.1.2 More Than 20MW
- 4.2 Global Industrial Gas Turbines Production by Type
- 4.2.1 Global Industrial Gas Turbines Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Industrial Gas Turbines Production by Type (2021-2032)
- 4.2.3 Global Industrial Gas Turbines Production Market Share by Type (2021-2032)
- 4.3 Global Industrial Gas Turbines Production Value by Type
- 4.3.1 Global Industrial Gas Turbines Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Industrial Gas Turbines Production Value by Type (2021-2032)
- 4.3.3 Global Industrial Gas Turbines Production Value Market Share by Type (2021-2032)
5 Industrial Gas Turbines Market by Application
- 5.1 Industrial Gas Turbines Application Introduction
- 5.1.1 Power Generation
- 5.1.2 Oil and Gas
- 5.1.3 Other
- 5.2 Global Industrial Gas Turbines Production by Application
- 5.2.1 Global Industrial Gas Turbines Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Industrial Gas Turbines Production by Application (2021-2032)
- 5.2.3 Global Industrial Gas Turbines Production Market Share by Application (2021-2032)
- 5.3 Global Industrial Gas Turbines Production Value by Application
- 5.3.1 Global Industrial Gas Turbines Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Industrial Gas Turbines Production Value by Application (2021-2032)
- 5.3.3 Global Industrial Gas Turbines Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 GE
- 6.1.1 GE Company Information
- 6.1.2 GE Business Overview
- 6.1.3 GE Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.1.4 GE Industrial Gas Turbines Product Portfolio
- 6.1.5 GE Recent Developments
- 6.2 Siemens
- 6.2.1 Siemens Company Information
- 6.2.2 Siemens Business Overview
- 6.2.3 Siemens Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.2.4 Siemens Industrial Gas Turbines Product Portfolio
- 6.2.5 Siemens Recent Developments
- 6.3 MHPS
- 6.3.1 MHPS Company Information
- 6.3.2 MHPS Business Overview
- 6.3.3 MHPS Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.3.4 MHPS Industrial Gas Turbines Product Portfolio
- 6.3.5 MHPS Recent Developments
- 6.4 Ansaldo
- 6.4.1 Ansaldo Company Information
- 6.4.2 Ansaldo Business Overview
- 6.4.3 Ansaldo Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.4.4 Ansaldo Industrial Gas Turbines Product Portfolio
- 6.4.5 Ansaldo Recent Developments
- 6.5 Kawasaki
- 6.5.1 Kawasaki Company Information
- 6.5.2 Kawasaki Business Overview
- 6.5.3 Kawasaki Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.5.4 Kawasaki Industrial Gas Turbines Product Portfolio
- 6.5.5 Kawasaki 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 Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.6.4 Solar Turbines Industrial Gas Turbines Product Portfolio
- 6.6.5 Solar Turbines Recent Developments
- 6.7 MAN Energy
- 6.7.1 MAN Energy Company Information
- 6.7.2 MAN Energy Business Overview
- 6.7.3 MAN Energy Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.7.4 MAN Energy Industrial Gas Turbines Product Portfolio
- 6.7.5 MAN Energy Recent Developments
- 6.8 BHEL
- 6.8.1 BHEL Company Information
- 6.8.2 BHEL Business Overview
- 6.8.3 BHEL Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 6.8.4 BHEL Industrial Gas Turbines Product Portfolio
- 6.8.5 BHEL Recent Developments
7 Global Industrial Gas Turbines Production by Region
- 7.1 Global Industrial Gas Turbines Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Industrial Gas Turbines Production by Region (2021-2032)
- 7.2.1 Global Industrial Gas Turbines Production by Region (2021-2026)
- 7.2.2 Global Industrial Gas Turbines Production Forecast by Region (2027-2032)
- 7.3 Global Industrial Gas Turbines Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Industrial Gas Turbines Production Value by Region (2021-2032)
- 7.4.1 Global Industrial Gas Turbines Production Value by Region (2021-2026)
- 7.4.2 Global Industrial Gas Turbines Production Value by Region (2027-2032)
- 7.5 Global Industrial Gas Turbines Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Industrial Gas Turbines Production Value (2021-2032)
- 7.6.2 Europe Industrial Gas Turbines Production Value (2021-2032)
- 7.6.3 Asia-Pacific Industrial Gas Turbines Production Value (2021-2032)
- 7.6.4 South America Industrial Gas Turbines Production Value (2021-2032)
- 7.6.5 Middle East & Africa Industrial Gas Turbines Production Value (2021-2032)
8 Global Industrial Gas Turbines Consumption by Region
- 8.1 Global Industrial Gas Turbines Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Industrial Gas Turbines Consumption by Region (2021-2032)
- 8.2.1 Global Industrial Gas Turbines Consumption by Region (2021-2026)
- 8.2.2 Global Industrial Gas Turbines Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Industrial Gas Turbines Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Industrial Gas Turbines Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Industrial Gas Turbines Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Industrial Gas Turbines Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Industrial Gas Turbines Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Industrial Gas Turbines Value Chain Analysis
- 9.1.1 Industrial Gas Turbines Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Industrial Gas Turbines Production Mode & Process
- 9.2 Industrial Gas Turbines Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Industrial Gas Turbines Distributors
- 9.2.3 Industrial Gas Turbines Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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