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
Industry Research
Industrial Gas Turbines Industry Research Report 2026
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.
Report Scope
This report quantifies the global Industrial Gas Turbines 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 Industrial Gas Turbines.
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.
Industrial Gas Turbines Market 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
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 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: 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 Industrial Gas Turbines 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 Industrial Gas Turbines 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 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 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
- 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 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 Industrial Gas Turbines by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Less Than 20MW
- 2.2.3 More Than 20MW
- 2.3 Industrial Gas Turbines 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 and Gas
- 2.3.4 Other
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Industrial Gas Turbines Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Industrial Gas Turbines Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Industrial Gas Turbines Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Industrial Gas Turbines Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Industrial Gas Turbines Production by Manufacturers (2021-2026)
- 3.2 Global Industrial Gas Turbines Production Value 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 Global Industrial Gas Turbines Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 GE
- 4.1.1 GE Industrial Gas Turbines Company Information
- 4.1.2 GE Industrial Gas Turbines Business Overview
- 4.1.3 GE Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.1.4 GE Product Portfolio
- 4.1.5 GE Recent Developments
- 4.2 Siemens
- 4.2.1 Siemens Industrial Gas Turbines Company Information
- 4.2.2 Siemens Industrial Gas Turbines Business Overview
- 4.2.3 Siemens Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.2.4 Siemens Product Portfolio
- 4.2.5 Siemens Recent Developments
- 4.3 MHPS
- 4.3.1 MHPS Industrial Gas Turbines Company Information
- 4.3.2 MHPS Industrial Gas Turbines Business Overview
- 4.3.3 MHPS Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.3.4 MHPS Product Portfolio
- 4.3.5 MHPS Recent Developments
- 4.4 Ansaldo
- 4.4.1 Ansaldo Industrial Gas Turbines Company Information
- 4.4.2 Ansaldo Industrial Gas Turbines Business Overview
- 4.4.3 Ansaldo Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.4.4 Ansaldo Product Portfolio
- 4.4.5 Ansaldo Recent Developments
- 4.5 Kawasaki
- 4.5.1 Kawasaki Industrial Gas Turbines Company Information
- 4.5.2 Kawasaki Industrial Gas Turbines Business Overview
- 4.5.3 Kawasaki Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.5.4 Kawasaki Product Portfolio
- 4.5.5 Kawasaki Recent Developments
- 4.6 Solar Turbines
- 4.6.1 Solar Turbines Industrial Gas Turbines Company Information
- 4.6.2 Solar Turbines Industrial Gas Turbines Business Overview
- 4.6.3 Solar Turbines Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.6.4 Solar Turbines Product Portfolio
- 4.6.5 Solar Turbines Recent Developments
- 4.7 MAN Energy
- 4.7.1 MAN Energy Industrial Gas Turbines Company Information
- 4.7.2 MAN Energy Industrial Gas Turbines Business Overview
- 4.7.3 MAN Energy Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.7.4 MAN Energy Product Portfolio
- 4.7.5 MAN Energy Recent Developments
- 4.8 BHEL
- 4.8.1 BHEL Industrial Gas Turbines Company Information
- 4.8.2 BHEL Industrial Gas Turbines Business Overview
- 4.8.3 BHEL Industrial Gas Turbines Production, Value and Gross Margin (2021-2026)
- 4.8.4 BHEL Product Portfolio
- 4.8.5 BHEL Recent Developments
5 Global Industrial Gas Turbines Production by Region
- 5.1 Global Industrial Gas Turbines Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Industrial Gas Turbines Production by Region: 2021-2032
- 5.2.1 Global Industrial Gas Turbines Production by Region: 2021-2026
- 5.2.2 Global Industrial Gas Turbines Production Forecast by Region (2027-2032)
- 5.3 Global Industrial Gas Turbines Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Industrial Gas Turbines Production Value by Region: 2021-2032
- 5.4.1 Global Industrial Gas Turbines Production Value by Region: 2021-2026
- 5.4.2 Global Industrial Gas Turbines Production Value Forecast by Region (2027-2032)
- 5.5 Global Industrial Gas Turbines Market Price Analysis by Region (2021-2026)
- 5.6 Global Industrial Gas Turbines Production and Value, YOY Growth
- 5.6.1 North America Industrial Gas Turbines Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Industrial Gas Turbines Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Industrial Gas Turbines Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Industrial Gas Turbines Production Value Estimates and Forecasts (2021-2032)
6 Global Industrial Gas Turbines Consumption by Region
- 6.1 Global Industrial Gas Turbines Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Industrial Gas Turbines Consumption by Region (2021-2032)
- 6.2.1 Global Industrial Gas Turbines Consumption by Region: 2021-2026
- 6.2.2 Global Industrial Gas Turbines Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Industrial Gas Turbines 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 Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Industrial Gas Turbines 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 Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Industrial Gas Turbines 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 Industrial Gas Turbines Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Industrial Gas Turbines 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 Industrial Gas Turbines Production by Type (2021-2032)
- 7.1.1 Global Industrial Gas Turbines Production by Type (2021-2032) & (Units)
- 7.1.2 Global Industrial Gas Turbines Production Market Share by Type (2021-2032)
- 7.2 Global Industrial Gas Turbines Production Value by Type (2021-2032)
- 7.2.1 Global Industrial Gas Turbines Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Industrial Gas Turbines Production Value Market Share by Type (2021-2032)
- 7.3 Global Industrial Gas Turbines Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Industrial Gas Turbines Production by Application (2021-2032)
- 8.1.1 Global Industrial Gas Turbines Production by Application (2021-2032) & (Units)
- 8.1.2 Global Industrial Gas Turbines Production Market Share by Application (2021-2032)
- 8.2 Global Industrial Gas Turbines Production Value by Application (2021-2032)
- 8.2.1 Global Industrial Gas Turbines Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Industrial Gas Turbines Production Value Market Share by Application (2021-2032)
- 8.3 Global Industrial Gas Turbines Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 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 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 Global Industrial Gas Turbines Analyzing Market Dynamics
- 10.1 Industrial Gas Turbines Industry Trends
- 10.2 Industrial Gas Turbines Industry Drivers
- 10.3 Industrial Gas Turbines Industry Opportunities and Challenges
- 10.4 Industrial Gas Turbines Industry Restraints
11 Report Conclusion
12 Disclaimer
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