Gas Turbine Market Overview 2030, 5.3% CAGR

MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled Gas Turbine Market Research Report: Forecast (2024-2030). This report provides a detailed assessment of the Gas Turbine Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2019-22
• Base Years: 2023
• Forecast year - 2024-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

Download a FREE PDF Sample of the Report: https://www.marknteladvisors.com/query/request-sample/gas-turbine-market.html  (Discover the market potential, platform-specific insights, and key industry trends.)

Gas Turbine Market Outlook

According to the report, The Global Gas Turbine Market size is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2024-30. Several reasons are propelling the market's growth, including the growing need for cleaner energy sources & electricity, the expansion of the aviation sector, the growing trend of distributed power generation, technical developments, government initiatives and regulations, etc.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

Gas Turbine Market Drivers:

Increasing Electricity Demand – In fact, one of the key factors propelling the growth of the Global Gas Turbine Market is rising electricity demand. Population growth, economic expansion, and industrialization all contribute to an increase in the need for electricity. Because they are a flexible and effective method of producing electricity, gas turbines are growing in popularity.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/gas-turbine-market.html  (Explore in-depth analyses, technological trends, and investment patterns.)

Gas Turbine Market Trends:

Digitalization and IoT Integration – Digital technologies are being used by gas turbine manufacturers more and more to enhance the performance, dependability, and efficiency of their devices. One example of this is the development of virtual models of gas turbines utilizing digital twins, which may be utilized to forecast maintenance requirements and maximize efficiency. Internet of Things (IoT) sensors are also being used by gas turbine makers to get data from their machines in real-time. With the use of this data, gas turbine health can be tracked and possible issues can be found before they result in outages. IoT data can also be utilized to lower emissions and maximize gas turbine performance.

Gas Turbine Market Segmentation

The study categorizes the Gas Turbine Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Technology 

• Open Cycle
• Combined Cycle

By Design Type

• Heavy Duty
• Aero-derivative

By Rating Capacity  

• 1-40 MW
• 41- 120 MW
• 121- 300 MW
• Above 300 MW

By End User

• Industrial Power Generation
• Oil & Space
• Municipality
• Other Industries (Manufacturing, Aerospace, etc.)

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/gas-turbine-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in Gas Turbine Market Worldwide: Players, Analysis & Future Outlook

Ansaldo Energia, Bharat Heavy Electricals Limited, Capestone Green Energy Corporation, Caterpillar Inc. (Solar Turbines Incorporated), General Electric, Harbin Electric Corporation, IHI Corporation, Kawasaki Heavy Industries. Ltd., Mitsubishi Heavy Industries Ltd., Siemens Energy, Rolls-Royce Plc, Destinus Energy, MTU Aero Engines, Centrax Gas Turbine, Others are the top companies operating in the Gas Turbine Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/gas-turbine-market.html  

Frequently Asked Questions (FAQ)

1. What is the projected growth rate of the Gas Turbine Market?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the Gas Turbine Market?
4. Who are the prominent players in the Gas Turbine Market?
5. How is the competition structured in this market?
6. How can I access the full report?

About Us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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