Gas Turbines Market In-depth Research covering sales outlook, demand forecast & up-to-date key trends
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The global Gas Turbines market is expected to grow at a CAGR of 2.8% during the forecast period.
The global Gas Turbines market is estimated to be about 15224.1 million US dollars in 2020.
The global Gas Turbines market is estimated to reach 17012.9 million USD by 2026.
The global Gas Turbines market is segmented by company, region (country), type and application. Participants, stakeholders, and other readers in the global Gas Turbines market will be able to gain an advantage as they use reports as a powerful resource.
Gas Turbines markets by category
Below 70 MW
70-300 MW
Above 300 MW
Gas Turbines Market by Application (Percentage of Demand)
Power Generation
Mechanical Drive
Who are the leading companies in Gas Turbines
Ansaldo Energia
Bharat Heavy Electricals Limited
General Electric
Harbin Electric International Company Limited
Kawasaki Heavy Industries Ltd
Man Diesel and Turbo
Mitsubishi Hitachi Power Systems Ltd
Opra Turbines
Siemens
Vericor Power Systems
Gas Turbines markets by region:
In North America
In Latin America
Europe
The Asia-pacific
Middle East and Africa (MEA)
What are the main countries covered
The United States
Canada
Germany
France
UK
Italy
Russia
China
Japan
Korea
Southeast Asia
India
Australia
Brazil
Mexico
Argentina
Chile
Colombia
Egypt
Saudi Arabia
United Arab Emirates
Nigeria
South Africa
Which is the most profitable market
Among regions, North America/Europe/Asia Pacific accounted for the largest share of global personalized beauty equipment as rising consumer incomes led to increased spending at Gas Turbines.
What methodology did you follow in your research
This study was conducted by our expert analysts through a combination of primary and secondary studies. The methodology we follow includes a demand-side assessment of the market and triangulation of this through supply-side analysis. The methodology is based on the use of standard market structures, methods, and definitions.
Who were the primary study respondents
We talk to stakeholders across the spectrum. Including C-level executives, distributors, product manufacturers, industry experts, etc.
What are the sources of secondary research
We conduct extensive secondary studies using proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations and research papers.
1. Introduction
1.1 Definition of the Market
1.2 Research Purpose
1.3 Scope of the Study
1.4 Stakeholders
1.5 Geography Coverage
1.6 Currency Under Consideration
1.7 Market Size Units
1.8 Review Cycle
2 Global Market Overview
2.1 Global Gas Turbines Revenue and Growth Forecast 2014-2026
2.2 Global Gas Turbines Market Size and Growth Forecast 2014-2026
2.3 Global Gas Turbines Revenue by Region 2014-2026
2.4 Gas Turbines Market Share by Major Regions 2014-2021
2.5 Gas Turbines Gross Margin in Different Region 2014-2021
2.6 Global Gas Turbines Market History Price and Forecast 2014-2026
2.7 Global Gas Turbines Sales Market Share by Top Companies 2014-2021
3 Global Gas Turbines Market by Type
3.1 Global Gas Turbines Revenue and Growth Rate Segment by Types from 2014-2021
3.2 Global Gas Turbines Market Size and Growth Rate Segment by Product Types from 2014-2021
3.3 Global Gas Turbines Price Segment by Types from 2014-2021
3.4 Brief Introduction of Different Types
3.4.1 Below 70 MW
3.4.2 70-300 MW
3.4.3 Above 300 MW
4 Global Gas Turbines Market by Application
4.1 Global Gas Turbines Revenue and Growth Rate Segment by Applications from 2014-2021
4.2 Global Gas Turbines Market Size and Growth Rate Segment by Product Applications from 2014-2021
4.3 Brief Introduction of Different Applications
4.3.1 Power Generation
4.3.2 Mechanical Drive
5 North America Gas Turbines Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
5.1 North America Gas Turbines Value ($) from 2014-2021
5.2 North America Gas Turbines Market Size from 2014-2021
5.3 North America Gas Turbines Price Change from 2014-2021
5.4 North America Gas Turbines Import and Export from 2014-2021
5.5 North America Gas Turbines Market Value ($) and Growth (%) by Type from 2014-2021
5.6 North America Gas Turbines Market Value ($) and Growth (%) by Application from 2014-2021
5.7 North America Gas Turbines Market Value ($) and Growth (%) by Countries from 2014-2021
5.7.1 The United States
5.7.2 Canada
5.8 Top North America Gas Turbines Participants Value ($) and Market Share (%) in 2020
6 Europe Gas Turbines Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
6.1 Europe Gas Turbines Value ($) from 2014-2021
6.2 Europe Gas Turbines Market Size from 2014-2021
6.3 Europe Gas Turbines Price Change from 2014-2021
6.4 Europe Gas Turbines Import and Export from 2014-2021
6.5 Europe Gas Turbines Market Value ($) and Growth (%) by Type from 2014-2021
6.6 Europe Gas Turbines Market Value ($) and Growth (%) by Application from 2014-2021
6.7 Europe Gas Turbines Market Value ($) and Growth (%) by Countries from 2014-2021
6.7.1 Germany
6.7.2 France
6.7.3 UK
6.7.4 Italy
6.7.5 Russia
…
6.8 Top Europe Gas Turbines Participants Value ($) and Market Share (%) in 2020
7 Asia-Pacific Gas Turbines Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
7.1 Asia-Pacific Gas Turbines Value ($) from 2014-2021
7.2 Asia-Pacific Gas Turbines Market Size from 2014-2021
7.3 Asia-Pacific Gas Turbines Price Change from 2014-2021
7.4 Asia-Pacific Gas Turbines Import and Export from 2014-2021
7.5 Asia-Pacific Gas Turbines Market Value ($) and Growth (%) by Type from 2014-2021
7.6 Asia-Pacific Gas Turbines Market Value ($) and Growth (%) by Application from 2014-2021
7.7 Asia-Pacific Gas Turbines Market Value ($) and Growth (%) by Countries from 2014-2021
7.7.1 China
7.7.2 Japan
7.7.3 Korea
7.7.4 Southeast Asia
7.7.5 India
7.7.6 Australia
…
7.8 Top Asia-Pacific Gas Turbines Participants Value ($) and Market Share (%) in 2020
8 Latin America Gas Turbines Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
8.1 Latin America Gas Turbines Value ($) from 2014-2021
8.2 Latin America Gas Turbines Market Size from 2014-2021
8.3 Latin America Gas Turbines Price Change from 2014-2021
8.4 Latin America Gas Turbines Import and Export from 2014-2021
8.5 Latin America Gas Turbines Market Value ($) and Growth (%) by Type from 2014-2021
8.6 Latin America Gas Turbines Market Value ($) and Growth (%) by Application from 2014-2021
8.7 Latin America Gas Turbines Market Value ($) and Growth (%) by Countries from 2014-2021
8.7.1 Brazil
8.7.2 Mexico
8.7.3 Argentina
8.7.4 Chile
8.7.5 Colombia
…
8.8 Top Latin America Gas Turbines Participants Value ($) and Market Share (%) in 2020
9 Middle East & Africa Gas Turbines Market (Value, Market Size, Import, Export) and Segmentation (by Type, Application, Countries and Participants)
9.1 Middle East & Africa Gas Turbines Value ($) from 2014-2021
9.2 Middle East & Africa Gas Turbines Market Size from 2014-2021
9.3 Middle East & Africa Gas Turbines Price Change from 2014-2021
9.4 Middle East & Africa Gas Turbines Import and Export from 2014-2021
9.5 Middle East & Africa Gas Turbines Market Value ($) and Growth (%) by Type from 2014-2021
9.6 Middle East & Africa Gas Turbines Market Value ($) and Growth (%) by Application from 2014-2021
9.7 Middle East & Africa Gas Turbines Market Value ($) and Growth (%) by Countries from 2014-2021
9.7.1 Egypt
9.7.2 Saudi Arabia
9.7.3 United Arab Emirates
9.7.4 Nigeria
9.7.5 South Africa
…
9.8 Top Middle East & Africa Gas Turbines Participants Value ($) and Market Share (%) in 2020
10. Global Level Competitive Intelligence – Company Profiles
10.1 Ansaldo Energia
10.1.1 Ansaldo Energia Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.1.2 Ansaldo Energia Sales, Value, Gross and Gross Margin from 2014-2021
10.1.3 Ansaldo Energia Value and Growth Change from 2014-2021
10.1.4 Ansaldo Energia Price Change from 2014-2021
10.1.5 Ansaldo Energia Product Offered
10.2 Bharat Heavy Electricals Limited
10.2.1 Bharat Heavy Electricals Limited Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.2.2 Bharat Heavy Electricals Limited Sales, Value, Gross and Gross Margin from 2014-2021
10.2.3 Bharat Heavy Electricals Limited Value and Growth Change from 2014-2021
10.2.4 Bharat Heavy Electricals Limited Price Change from 2014-2021
10.2.5 Bharat Heavy Electricals Limited Product Offered
10.3 General Electric
10.3.1 General Electric Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.3.2 General Electric Sales, Value, Gross and Gross Margin from 2014-2021
10.3.3 General Electric Value and Growth Change from 2014-2021
10.3.4 General Electric Price Change from 2014-2021
10.3.5 General Electric Product Offered
10.4 Harbin Electric International Company Limited
10.4.1 Harbin Electric International Company Limited Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.4.2 Harbin Electric International Company Limited Sales, Value, Gross and Gross Margin from 2014-2021
10.4.3 Harbin Electric International Company Limited Value and Growth Change from 2014-2021
10.4.4 Harbin Electric International Company Limited Price Change from 2014-2021
10.4.5 Harbin Electric International Company Limited Product Offered
10.5 Kawasaki Heavy Industries Ltd
10.5.1 Kawasaki Heavy Industries Ltd Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.5.2 Kawasaki Heavy Industries Ltd Sales, Value, Gross and Gross Margin from 2014-2021
10.5.3 Kawasaki Heavy Industries Ltd Value and Growth Change from 2014-2021
10.5.4 Kawasaki Heavy Industries Ltd Price Change from 2014-2021
10.5.5 Kawasaki Heavy Industries Ltd Product Offered
10.6 Man Diesel and Turbo
10.6.1 Man Diesel and Turbo Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.6.2 Man Diesel and Turbo Sales, Value, Gross and Gross Margin from 2014-2021
10.6.3 Man Diesel and Turbo Value and Growth Change from 2014-2021
10.6.4 Man Diesel and Turbo Price Change from 2014-2021
10.6.5 Man Diesel and Turbo Product Offered
10.7 Mitsubishi Hitachi Power Systems Ltd
10.7.1 Mitsubishi Hitachi Power Systems Ltd Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.7.2 Mitsubishi Hitachi Power Systems Ltd Sales, Value, Gross and Gross Margin from 2014-2021
10.7.3 Mitsubishi Hitachi Power Systems Ltd Value and Growth Change from 2014-2021
10.7.4 Mitsubishi Hitachi Power Systems Ltd Price Change from 2014-2021
10.7.5 Mitsubishi Hitachi Power Systems Ltd Product Offered
10.8 Opra Turbines
10.8.1 Opra Turbines Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.8.2 Opra Turbines Sales, Value, Gross and Gross Margin from 2014-2021
10.8.3 Opra Turbines Value and Growth Change from 2014-2021
10.8.4 Opra Turbines Price Change from 2014-2021
10.8.5 Opra Turbines Product Offered
10.9 Siemens
10.9.1 Siemens Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.9.2 Siemens Sales, Value, Gross and Gross Margin from 2014-2021
10.9.3 Siemens Value and Growth Change from 2014-2021
10.9.4 Siemens Price Change from 2014-2021
10.9.5 Siemens Product Offered
10.10 Vericor Power Systems
10.10.1 Vericor Power Systems Company Profile (Major Business, Plants Distribution, Sales Region, Contact Information)
10.10.2 Vericor Power Systems Sales, Value, Gross and Gross Margin from 2014-2021
10.10.3 Vericor Power Systems Value and Growth Change from 2014-2021
10.10.4 Vericor Power Systems Price Change from 2014-2021
10.10.5 Vericor Power Systems Product Offered
11. Market Dynamics
11.1 Driving Factors
11.1.1 Rising Demand in Some Regions: North America/Europe/China/India/Japan …
11.1.2 Increasing Use of Gas Turbines by Different End-User/Applications
11.2 Restraints and Challenges in the Market
11.3 Opportunities
11.4 Covid-19 Impact/Evaluation
12. Future Forecast of Global Gas Turbines Market from 2020-2026
12.1 Future Forecast of Global Gas Turbines Market from 2020-2026 Segment by Regions
12.2 Future Forecast of Global Gas Turbines Market from 2020-2026 Segment by Type
12.3 Future Forecast of Global Gas Turbines Market from 2020-2026 Segment by Application
13. Investment Analysis
13.1 Fundamental Analysis (Porter's Five Forces Analysis)
13.2 Technical Preparation Analysis
13.3 Risk Evaluating Analysis
13.4 Estimated Investment Pay-Back Period
14 Research Methodology
14.1 Research Data
14.1.1 Secondary Data
14.1.2 Primary Data
14.2 Revenue Estimation
14.2.1 Bottom-Up Approach
14.2.2 Top-Down Approach (Involves time, Space, and Persons)
14.3 Data Triangulation
14.4 Assumptions
14.5 Hypothesis of this Research, Clear, specific, and testable statement of this research
14.6 Limitations of Our Study
14.7 Scene Based Modeling
15 Disclaimer
Research Methodology:
Gas Turbines Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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