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 Analysis & Forecast
Global Industrial Gas Turbines Market Analysis and Forecast 2026-2032
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.
This report presents an overview of global market for Industrial Gas Turbines, capacity, output, revenue and price. Analyses of the global market trends, with historic market revenue or sales data for 2021 - 2025, estimates for 2026, and projections of CAGR through 2032.
This report researches the key producers of Industrial Gas Turbines, also provides the consumption of main regions and countries. Of the upcoming market potential for Industrial Gas Turbines, and key regions or countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Industrial Gas Turbines sales, revenue, market share and industry ranking of main manufacturers, data from 2021 to 2026. Identification of the major stakeholders in the global Industrial Gas Turbines market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, sales, revenue, and price, from 2021 to 2032. Evaluation and forecast the market size for Industrial Gas Turbines sales, projected growth trends, production technology, application and end-user industry.
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: Introduces the report scope of the report, executive summary of different market segments (by type and by 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 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: Industrial Gas Turbines production/output of global and key producers (regions/countries). It provides a quantitative analysis of the production, and development potential of each producer in the next six years.
Chapter 4: Sales (consumption), revenue of Industrial Gas Turbines in global, 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 of each country in the world.
Chapter 5: Detailed analysis of Industrial Gas Turbines manufacturers competitive landscape, price, sales, revenue, market share and industry ranking, latest development plan, merger, and acquisition information, etc.
Chapter 6: Provides the analysis of various market segments by type, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 7: Provides the analysis of various market segments by application, covering the sales, revenue, average price, and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 8: Provides profiles of key manufacturers, introducing the basic situation of the main companies in the market in detail, including product descriptions and specifications, Industrial Gas Turbines sales, revenue, price, gross margin, and recent development, etc.
Chapter 9: North America by type, by application and by country, sales, and revenue for each segment.
Chapter 10: Europe by type, by application and by country, sales, and revenue for each segment.
Chapter 11: China by type, by application, sales, and revenue for each segment.
Chapter 12: Asia (Excluding China) by type, by application and by region, sales, and revenue for each segment.
Chapter 13: South America, Middle East and Africa by type, by application and by country, sales, and revenue for each segment.
Chapter 14: Analysis of industrial chain, sales channel, key raw materials, distributors and customers.
Chapter 15: The main 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 Industrial Gas Turbines Market by Type
- 1.2.1 Global Industrial Gas Turbines Market Size by Type, 2021 VS 2025 VS 2032
- 1.2.2 Less Than 20MW
- 1.2.3 More Than 20MW
- 1.3 Industrial Gas Turbines Market by Application
- 1.3.1 Global Industrial Gas Turbines Market Size by Application, 2021 VS 2025 VS 2032
- 1.3.2 Power Generation
- 1.3.3 Oil and Gas
- 1.3.4 Other
- 1.4 Assumptions and Limitations
- 1.5 Study Goals and Objectives
2 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 Global Industrial Gas Turbines Production Overview
- 3.1 Global Industrial Gas Turbines Production Capacity (2021-2032)
- 3.2 Global Industrial Gas Turbines Production by Region: 2021 VS 2025 VS 2032
- 3.3 Global Industrial Gas Turbines Production by Region
- 3.3.1 Global Industrial Gas Turbines Production by Region (2021-2026)
- 3.3.2 Global Industrial Gas Turbines Production by Region (2027-2032)
- 3.3.3 Global Industrial Gas Turbines Production Market Share by Region (2021-2032)
- 3.4 North America
- 3.5 Europe
- 3.6 China
- 3.7 Japan
4 Global Market Growth Prospects
- 4.1 Global Industrial Gas Turbines Revenue Estimates and Forecasts (2021-2032)
- 4.2 Global Industrial Gas Turbines Revenue by Region
- 4.2.1 Global Industrial Gas Turbines Revenue by Region: 2021 VS 2025 VS 2032
- 4.2.2 Global Industrial Gas Turbines Revenue by Region (2021-2026)
- 4.2.3 Global Industrial Gas Turbines Revenue by Region (2027-2032)
- 4.2.4 Global Industrial Gas Turbines Revenue Market Share by Region (2021-2032)
- 4.3 Global Industrial Gas Turbines Sales Estimates and Forecasts 2021-2032
- 4.4 Global Industrial Gas Turbines Sales by Region
- 4.4.1 Global Industrial Gas Turbines Sales by Region: 2021 VS 2025 VS 2032
- 4.4.2 Global Industrial Gas Turbines Sales by Region (2021-2026)
- 4.4.3 Global Industrial Gas Turbines Sales by Region (2027-2032)
- 4.4.4 Global Industrial Gas Turbines Sales Market Share by Region (2021-2032)
- 4.5 North America
- 4.6 Europe
- 4.7 China
- 4.8 Asia (Excluding China)
- 4.9 South America, Middle East and Africa
5 Market Competitive Landscape by Manufacturers
- 5.1 Global Industrial Gas Turbines Revenue by Manufacturers
- 5.1.1 Global Industrial Gas Turbines Revenue by Manufacturers (2021-2026)
- 5.1.2 Global Industrial Gas Turbines Revenue Market Share by Manufacturers (2021-2026)
- 5.1.3 Global Industrial Gas Turbines Manufacturers Revenue Share Top 10 and Top 5 in 2025
- 5.2 Global Industrial Gas Turbines Sales by Manufacturers
- 5.2.1 Global Industrial Gas Turbines Sales by Manufacturers (2021-2026)
- 5.2.2 Global Industrial Gas Turbines Sales Market Share by Manufacturers (2021-2026)
- 5.2.3 Global Industrial Gas Turbines Manufacturers Sales Share Top 10 and Top 5 in 2025
- 5.3 Global Industrial Gas Turbines Sales Price by Manufacturers (2021-2026)
- 5.4 Global Industrial Gas Turbines Key Manufacturers Ranking, 2024 VS 2025 VS 2026
- 5.5 Global Industrial Gas Turbines Key Manufacturers Manufacturing Sites & Headquarters
- 5.6 Global Industrial Gas Turbines Manufacturers, Product Type & Application
- 5.7 Global Industrial Gas Turbines Manufacturers Commercialization Time
- 5.8 Market Competitive Analysis
- 5.8.1 Global Industrial Gas Turbines Market CR5 and HHI
- 5.8.2 2025 Industrial Gas Turbines Tier 1, Tier 2, and Tier 3
6 Industrial Gas Turbines Market by Type
- 6.1 Global Industrial Gas Turbines Revenue by Type
- 6.1.1 Global Industrial Gas Turbines Revenue by Type (2021-2032) & (US$ Million)
- 6.1.2 Global Industrial Gas Turbines Revenue Market Share by Type (2021-2032)
- 6.2 Global Industrial Gas Turbines Sales by Type
- 6.2.1 Global Industrial Gas Turbines Sales by Type (2021-2032) & (Units)
- 6.2.2 Global Industrial Gas Turbines Sales Market Share by Type (2021-2032)
- 6.3 Global Industrial Gas Turbines Price by Type
7 Industrial Gas Turbines Market by Application
- 7.1 Global Industrial Gas Turbines Revenue by Application
- 7.1.1 Global Industrial Gas Turbines Revenue by Application (2021-2032) & (US$ Million)
- 7.1.2 Global Industrial Gas Turbines Revenue Market Share by Application (2021-2032)
- 7.2 Global Industrial Gas Turbines Sales by Application
- 7.2.1 Global Industrial Gas Turbines Sales by Application (2021-2032) & (Units)
- 7.2.2 Global Industrial Gas Turbines Sales Market Share by Application (2021-2032)
- 7.3 Global Industrial Gas Turbines Price by Application
8 Company Profiles
- 8.1 GE
- 8.1.1 GE Company Information
- 8.1.2 GE Business Overview
- 8.1.3 GE Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.1.4 GE Industrial Gas Turbines Product Portfolio
- 8.1.5 GE Recent Developments
- 8.2 Siemens
- 8.2.1 Siemens Company Information
- 8.2.2 Siemens Business Overview
- 8.2.3 Siemens Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.2.4 Siemens Industrial Gas Turbines Product Portfolio
- 8.2.5 Siemens Recent Developments
- 8.3 MHPS
- 8.3.1 MHPS Company Information
- 8.3.2 MHPS Business Overview
- 8.3.3 MHPS Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.3.4 MHPS Industrial Gas Turbines Product Portfolio
- 8.3.5 MHPS Recent Developments
- 8.4 Ansaldo
- 8.4.1 Ansaldo Company Information
- 8.4.2 Ansaldo Business Overview
- 8.4.3 Ansaldo Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.4.4 Ansaldo Industrial Gas Turbines Product Portfolio
- 8.4.5 Ansaldo Recent Developments
- 8.5 Kawasaki
- 8.5.1 Kawasaki Company Information
- 8.5.2 Kawasaki Business Overview
- 8.5.3 Kawasaki Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.5.4 Kawasaki Industrial Gas Turbines Product Portfolio
- 8.5.5 Kawasaki Recent Developments
- 8.6 Solar Turbines
- 8.6.1 Solar Turbines Company Information
- 8.6.2 Solar Turbines Business Overview
- 8.6.3 Solar Turbines Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.6.4 Solar Turbines Industrial Gas Turbines Product Portfolio
- 8.6.5 Solar Turbines Recent Developments
- 8.7 MAN Energy
- 8.7.1 MAN Energy Company Information
- 8.7.2 MAN Energy Business Overview
- 8.7.3 MAN Energy Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.7.4 MAN Energy Industrial Gas Turbines Product Portfolio
- 8.7.5 MAN Energy Recent Developments
- 8.8 BHEL
- 8.8.1 BHEL Company Information
- 8.8.2 BHEL Business Overview
- 8.8.3 BHEL Industrial Gas Turbines Sales, Revenue, Price and Gross Margin (2021-2026)
- 8.8.4 BHEL Industrial Gas Turbines Product Portfolio
- 8.8.5 BHEL Recent Developments
9 North America
- 9.1 North America Industrial Gas Turbines Market Size by Type
- 9.1.1 North America Industrial Gas Turbines Revenue by Type (2021-2032)
- 9.1.2 North America Industrial Gas Turbines Sales by Type (2021-2032)
- 9.1.3 North America Industrial Gas Turbines Price by Type (2021-2032)
- 9.2 North America Industrial Gas Turbines Market Size by Application
- 9.2.1 North America Industrial Gas Turbines Revenue by Application (2021-2032)
- 9.2.2 North America Industrial Gas Turbines Sales by Application (2021-2032)
- 9.2.3 North America Industrial Gas Turbines Price by Application (2021-2032)
- 9.3 North America Industrial Gas Turbines Market Size by Country
- 9.3.1 North America Industrial Gas Turbines Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 9.3.2 North America Industrial Gas Turbines Sales by Country (2021 VS 2025 VS 2032)
- 9.3.3 North America Industrial Gas Turbines Price by Country (2021-2032)
- 9.3.4 United States
- 9.3.5 Canada
- 9.3.6 Mexico
10 Europe
- 10.1 Europe Industrial Gas Turbines Market Size by Type
- 10.1.1 Europe Industrial Gas Turbines Revenue by Type (2021-2032)
- 10.1.2 Europe Industrial Gas Turbines Sales by Type (2021-2032)
- 10.1.3 Europe Industrial Gas Turbines Price by Type (2021-2032)
- 10.2 Europe Industrial Gas Turbines Market Size by Application
- 10.2.1 Europe Industrial Gas Turbines Revenue by Application (2021-2032)
- 10.2.2 Europe Industrial Gas Turbines Sales by Application (2021-2032)
- 10.2.3 Europe Industrial Gas Turbines Price by Application (2021-2032)
- 10.3 Europe Industrial Gas Turbines Market Size by Country
- 10.3.1 Europe Industrial Gas Turbines Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 10.3.2 Europe Industrial Gas Turbines Sales by Country (2021 VS 2025 VS 2032)
- 10.3.3 Europe Industrial Gas Turbines Price by Country (2021-2032)
- 10.3.4 Germany
- 10.3.5 France
- 10.3.6 U.K.
- 10.3.7 Italy
- 10.3.8 Russia
- 10.3.9 Spain
- 10.3.10 Netherlands
- 10.3.11 Switzerland
- 10.3.12 Sweden
11 China
- 11.1 China Industrial Gas Turbines Market Size by Type
- 11.1.1 China Industrial Gas Turbines Revenue by Type (2021-2032)
- 11.1.2 China Industrial Gas Turbines Sales by Type (2021-2032)
- 11.1.3 China Industrial Gas Turbines Price by Type (2021-2032)
- 11.2 China Industrial Gas Turbines Market Size by Application
- 11.2.1 China Industrial Gas Turbines Revenue by Application (2021-2032)
- 11.2.2 China Industrial Gas Turbines Sales by Application (2021-2032)
- 11.2.3 China Industrial Gas Turbines Price by Application (2021-2032)
12 Asia (Excluding China)
- 12.1 Asia Industrial Gas Turbines Market Size by Type
- 12.1.1 Asia Industrial Gas Turbines Revenue by Type (2021-2032)
- 12.1.2 Asia Industrial Gas Turbines Sales by Type (2021-2032)
- 12.1.3 Asia Industrial Gas Turbines Price by Type (2021-2032)
- 12.2 Asia Industrial Gas Turbines Market Size by Application
- 12.2.1 Asia Industrial Gas Turbines Revenue by Application (2021-2032)
- 12.2.2 Asia Industrial Gas Turbines Sales by Application (2021-2032)
- 12.2.3 Asia Industrial Gas Turbines Price by Application (2021-2032)
- 12.3 Asia Industrial Gas Turbines Market Size by Country
- 12.3.1 Asia Industrial Gas Turbines Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 12.3.2 Asia Industrial Gas Turbines Sales by Country (2021 VS 2025 VS 2032)
- 12.3.3 Asia Industrial Gas Turbines Price by Country (2021-2032)
- 12.3.4 Japan
- 12.3.5 South Korea
- 12.3.6 India
- 12.3.7 Australia
- 12.3.8 Taiwan
- 12.3.9 Southeast Asia
13 South America, Middle East and Africa
- 13.1 SAMEA Industrial Gas Turbines Market Size by Type
- 13.1.1 SAMEA Industrial Gas Turbines Revenue by Type (2021-2032)
- 13.1.2 SAMEA Industrial Gas Turbines Sales by Type (2021-2032)
- 13.1.3 SAMEA Industrial Gas Turbines Price by Type (2021-2032)
- 13.2 SAMEA Industrial Gas Turbines Market Size by Application
- 13.2.1 SAMEA Industrial Gas Turbines Revenue by Application (2021-2032)
- 13.2.2 SAMEA Industrial Gas Turbines Sales by Application (2021-2032)
- 13.2.3 SAMEA Industrial Gas Turbines Price by Application (2021-2032)
- 13.3 SAMEA Industrial Gas Turbines Market Size by Country
- 13.3.1 SAMEA Industrial Gas Turbines Revenue Grow Rate by Country (2021 VS 2025 VS 2032)
- 13.3.2 SAMEA Industrial Gas Turbines Sales by Country (2021 VS 2025 VS 2032)
- 13.3.3 SAMEA Industrial Gas Turbines Price by Country (2021-2032)
- 13.3.4 Brazil
- 13.3.5 Argentina
- 13.3.6 Chile
- 13.3.7 Colombia
- 13.3.8 Peru
- 13.3.9 Saudi Arabia
- 13.3.10 Israel
- 13.3.11 UAE
- 13.3.12 Turkey
- 13.3.13 Iran
- 13.3.14 Egypt
14 Value Chain and Sales Channels Analysis
- 14.1 Industrial Gas Turbines Value Chain Analysis
- 14.1.1 Industrial Gas Turbines Key Raw Materials
- 14.1.2 Raw Materials Key Suppliers
- 14.1.3 Manufacturing Cost Structure
- 14.1.4 Industrial Gas Turbines Production Mode & Process
- 14.2 Industrial Gas Turbines Sales Channels Analysis
- 14.2.1 Direct Comparison with Distribution Share
- 14.2.2 Industrial Gas Turbines Distributors
- 14.2.3 Industrial Gas Turbines Customers
15 Concluding Insights
16 Appendix
- 16.1 Reasons for Doing This Study
- 16.2 Research Methodology
- 16.3 Research Process
- 16.4 Authors List of This Report
- 16.5 Data Source
- 16.5.1 Secondary Sources
- 16.5.2 Primary Sources
- 16.6 Disclaimer
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