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Global Gas Turbine Market Research Report 2025
Published Date: June 2025
|
Report Code: QYRE-Auto-22M2376
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Global Gas Turbine Market Research Report 2025

Code: QYRE-Auto-22M2376
Report
June 2025
Pages:92
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES
FEATURED COMPANIES
hi Power Systems
Solar Turbines
Mitsubishi
BHEL
GE Vernova
Siemens Energy
MHPS
Dongfang Electric Corporation
Baker Hughes
Ansaldo
Kawasaki

Gas Turbine Market Size

The global market for Gas Turbine was valued at US$ 16740 million in the year 2024 and is projected to reach a revised size of US$ 30160 million by 2031, growing at a CAGR of 8.0% during the forecast period.

Gas Turbine Market

Gas Turbine Market

The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Gas Turbine competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
A gas turbine 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.
This air is first drawn into the engine where it is compressed, mixed with fuel and ignited. The resulting hot gas expands at a high velocity through a series of airfoil-shaped blades transferring energy created from combustion to turn an output shaft. The residual thermal energy in the hot exhaust gas can be harnessed for a variety of industrial processes.
The global gas turbine market is experiencing steady growth, this upward trend is driven by the global transition toward cleaner natural gas power generation, the rising need for flexible energy sources, and sustained investment from the oil & gas industry in efficient mechanical drive technologies.Gas turbines are critical thermal power machinery used in electricity generation, aviation propulsion, marine drives, and oil & gas industries. Known for their high power density, rapid start-up capability, and fuel flexibility, gas turbines are regaining strategic importance in the global energy transition, acting as a flexible bridge between fossil fuels and renewables.
By product type, Heavy Duty Gas Turbines continue to dominate, primarily used in large-scale power plants. Aeroderivative Gas Turbines with strong growth due to their flexibility and suitability for distributed generation and oil & gas operations.
In terms of application, power generation remains the largest segment. Gas turbines are widely used in both base-load and peak-load power plants due to their high efficiency, fast start-up capabilities, and lower emissions compared to coal-fired units. In many regions, especially in Asia-Pacific, the Middle East, and the U.S., governments and utilities are investing in combined cycle gas turbine (CCGT) plants to replace aging coal infrastructure and meet cleaner energy targets. Additionally, the increasing integration of renewable energy sources is driving demand for gas turbines as flexible backup solutions to ensure grid stability.
Regionally, North America and Europe remain mature markets, while Asia-Pacific—especially China and India—is the fastest-growing region due to rapid industrialization, coal-to-gas policies, and decarbonization goals. China, in particular, is investing in indigenous heavy-duty gas turbine development, aiming for greater energy self-sufficiency.
Major manufacturers including GE Vernova, Siemens Energy, and MHPS lead the global market, with strong competition from Dongfang Electric, Solar Turbines, Baker Hughes, and others. In 2024, the global three largest players hold a share approximately 71.60% in terms of revenue. These companies are increasingly investing in aeroderivative designs and low-carbon technologies to meet global emissions and efficiency targets.
Technological development is focused on high-temperature materials, turbine blade cooling, digital diagnostics, and hydrogen co-firing capability. Hydrogen-ready gas turbines, capable of 30–100% hydrogen combustion, are emerging as zero-carbon solutions for future peaking power and industrial heating demands.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Gas Turbine, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine.
The Gas Turbine market size, estimations, and forecasts are provided in terms of output/shipments (MW) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Gas Turbine market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Gas Turbine manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Scope of Gas Turbine Market Report

Report Metric Details
Report Name Gas Turbine Market
Accounted market size in year US$ 16740 million
Forecasted market size in 2031 US$ 30160 million
CAGR 8.0%
Base Year year
Forecasted years 2025 - 2031
Segment by Type
Segment by Application
  • Power Generation
  • Oil & Gas
  • Other
Production by Region
  • North America
  • Europe
  • Japan
  • India
  • China
Consumption by Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, Taiwan)
  • Southeast Asia (India)
  • Latin America (Mexico, Brazil)
By Company GE Vernova, Siemens Energy, MHPS, Dongfang Electric Corporation, Solar Turbines, Baker Hughes, Ansaldo, Kawasaki, BHEL
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, 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: Detailed analysis of Gas Turbine manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 3: Production/output, value of Gas Turbine by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
  • Chapter 4: Consumption of Gas Turbine 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 5: 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 6: 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 7: 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 8: Analysis of industrial chain, including the upstream and downstream of the industry.
  • Chapter 9: 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 10: The main points and conclusions of the report.

FAQ for this report

How fast is Gas Turbine Market growing?

Ans: The Gas Turbine Market witnessing a CAGR of 8.0% during the forecast period 2025-2031.

What is the Gas Turbine Market size in 2031?

Ans: The Gas Turbine Market size in 2031 will be US$ 30160 million.

Who are the main players in the Gas Turbine Market report?

Ans: The main players in the Gas Turbine Market are GE Vernova, Siemens Energy, MHPS, Dongfang Electric Corporation, Solar Turbines, Baker Hughes, Ansaldo, Kawasaki, BHEL

What are the Application segmentation covered in the Gas Turbine Market report?

Ans: The Applications covered in the Gas Turbine Market report are Power Generation, Oil & Gas, Other

What are the Type segmentation covered in the Gas Turbine Market report?

Ans: The Types covered in the Gas Turbine Market report are Heavy Duty Gas Turbine, Aeroderivative Gas Turbine, Light Duty Gas Turbine

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1 Gas Turbine Market Overview
1.1 Product Definition
1.2 Gas Turbine by Type
1.2.1 Global Gas Turbine Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Heavy Duty Gas Turbine
1.2.3 Aeroderivative Gas Turbine
1.2.4 Light Duty Gas Turbine
1.3 Gas Turbine by Application
1.3.1 Global Gas Turbine Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.3.2 Power Generation
1.3.3 Oil & Gas
1.3.4 Other
1.4 Global Market Growth Prospects
1.4.1 Global Gas Turbine Production Value Estimates and Forecasts (2020-2031)
1.4.2 Global Gas Turbine Production Capacity Estimates and Forecasts (2020-2031)
1.4.3 Global Gas Turbine Production Estimates and Forecasts (2020-2031)
1.4.4 Global Gas Turbine Market Average Price Estimates and Forecasts (2020-2031)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Gas Turbine Production Market Share by Manufacturers (2020-2025)
2.2 Global Gas Turbine Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Gas Turbine, Industry Ranking, 2023 VS 2024
2.4 Global Gas Turbine Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Gas Turbine Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Gas Turbine, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Gas Turbine, Product Offered and Application
2.8 Global Key Manufacturers of Gas Turbine, Date of Enter into This Industry
2.9 Gas Turbine Market Competitive Situation and Trends
2.9.1 Gas Turbine Market Concentration Rate
2.9.2 Global 5 and 10 Largest Gas Turbine Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Gas Turbine Production by Region
3.1 Global Gas Turbine Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Gas Turbine Production Value by Region (2020-2031)
3.2.1 Global Gas Turbine Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Gas Turbine by Region (2026-2031)
3.3 Global Gas Turbine Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Gas Turbine Production Volume by Region (2020-2031)
3.4.1 Global Gas Turbine Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Gas Turbine by Region (2026-2031)
3.5 Global Gas Turbine Market Price Analysis by Region (2020-2025)
3.6 Global Gas Turbine Production and Value, Year-over-Year Growth
3.6.1 North America Gas Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Gas Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.3 Japan Gas Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.4 India Gas Turbine Production Value Estimates and Forecasts (2020-2031)
3.6.5 China Gas Turbine Production Value Estimates and Forecasts (2020-2031)
4 Gas Turbine Consumption by Region
4.1 Global Gas Turbine Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Gas Turbine Consumption by Region (2020-2031)
4.2.1 Global Gas Turbine Consumption by Region (2020-2025)
4.2.2 Global Gas Turbine Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Gas Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Gas Turbine Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Gas Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Gas Turbine Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Netherlands
4.5 Asia Pacific
4.5.1 Asia Pacific Gas Turbine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Gas Turbine Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Gas Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Gas Turbine Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Gas Turbine Production by Type (2020-2031)
5.1.1 Global Gas Turbine Production by Type (2020-2025)
5.1.2 Global Gas Turbine Production by Type (2026-2031)
5.1.3 Global Gas Turbine Production Market Share by Type (2020-2031)
5.2 Global Gas Turbine Production Value by Type (2020-2031)
5.2.1 Global Gas Turbine Production Value by Type (2020-2025)
5.2.2 Global Gas Turbine Production Value by Type (2026-2031)
5.2.3 Global Gas Turbine Production Value Market Share by Type (2020-2031)
5.3 Global Gas Turbine Price by Type (2020-2031)
6 Segment by Application
6.1 Global Gas Turbine Production by Application (2020-2031)
6.1.1 Global Gas Turbine Production by Application (2020-2025)
6.1.2 Global Gas Turbine Production by Application (2026-2031)
6.1.3 Global Gas Turbine Production Market Share by Application (2020-2031)
6.2 Global Gas Turbine Production Value by Application (2020-2031)
6.2.1 Global Gas Turbine Production Value by Application (2020-2025)
6.2.2 Global Gas Turbine Production Value by Application (2026-2031)
6.2.3 Global Gas Turbine Production Value Market Share by Application (2020-2031)
6.3 Global Gas Turbine Price by Application (2020-2031)
7 Key Companies Profiled
7.1 GE Vernova
7.1.1 GE Vernova Gas Turbine Company Information
7.1.2 GE Vernova Gas Turbine Product Portfolio
7.1.3 GE Vernova Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.1.4 GE Vernova Main Business and Markets Served
7.1.5 GE Vernova Recent Developments/Updates
7.2 Siemens Energy
7.2.1 Siemens Energy Gas Turbine Company Information
7.2.2 Siemens Energy Gas Turbine Product Portfolio
7.2.3 Siemens Energy Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.2.4 Siemens Energy Main Business and Markets Served
7.2.5 Siemens Energy Recent Developments/Updates
7.3 MHPS
7.3.1 MHPS Gas Turbine Company Information
7.3.2 MHPS Gas Turbine Product Portfolio
7.3.3 MHPS Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.3.4 MHPS Main Business and Markets Served
7.3.5 MHPS Recent Developments/Updates
7.4 Dongfang Electric Corporation
7.4.1 Dongfang Electric Corporation Gas Turbine Company Information
7.4.2 Dongfang Electric Corporation Gas Turbine Product Portfolio
7.4.3 Dongfang Electric Corporation Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Dongfang Electric Corporation Main Business and Markets Served
7.4.5 Dongfang Electric Corporation Recent Developments/Updates
7.5 Solar Turbines
7.5.1 Solar Turbines Gas Turbine Company Information
7.5.2 Solar Turbines Gas Turbine Product Portfolio
7.5.3 Solar Turbines Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Solar Turbines Main Business and Markets Served
7.5.5 Solar Turbines Recent Developments/Updates
7.6 Baker Hughes
7.6.1 Baker Hughes Gas Turbine Company Information
7.6.2 Baker Hughes Gas Turbine Product Portfolio
7.6.3 Baker Hughes Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Baker Hughes Main Business and Markets Served
7.6.5 Baker Hughes Recent Developments/Updates
7.7 Ansaldo
7.7.1 Ansaldo Gas Turbine Company Information
7.7.2 Ansaldo Gas Turbine Product Portfolio
7.7.3 Ansaldo Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Ansaldo Main Business and Markets Served
7.7.5 Ansaldo Recent Developments/Updates
7.8 Kawasaki
7.8.1 Kawasaki Gas Turbine Company Information
7.8.2 Kawasaki Gas Turbine Product Portfolio
7.8.3 Kawasaki Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Kawasaki Main Business and Markets Served
7.8.5 Kawasaki Recent Developments/Updates
7.9 BHEL
7.9.1 BHEL Gas Turbine Company Information
7.9.2 BHEL Gas Turbine Product Portfolio
7.9.3 BHEL Gas Turbine Production, Value, Price and Gross Margin (2020-2025)
7.9.4 BHEL Main Business and Markets Served
7.9.5 BHEL Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Gas Turbine Industry Chain Analysis
8.2 Gas Turbine Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Gas Turbine Production Mode & Process Analysis
8.4 Gas Turbine Sales and Marketing
8.4.1 Gas Turbine Sales Channels
8.4.2 Gas Turbine Distributors
8.5 Gas Turbine Customer Analysis
9 Gas Turbine Market Dynamics
9.1 Gas Turbine Industry Trends
9.2 Gas Turbine Market Drivers
9.3 Gas Turbine Market Challenges
9.4 Gas Turbine Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
FEATURED COMPANIES
hi Power Systems
Solar Turbines
Mitsubishi
BHEL
GE Vernova
Siemens Energy
MHPS
Dongfang Electric Corporation
Baker Hughes
Ansaldo
Kawasaki
List of Tables
 Table 1. Global Gas Turbine Market Value by Type, (US$ Million) & (2024 VS 2031)
 Table 2. Global Gas Turbine Market Value by Application, (US$ Million) & (2024 VS 2031)
 Table 3. Global Gas Turbine Production Capacity (MW) by Manufacturers in 2024
 Table 4. Global Gas Turbine Production by Manufacturers (2020-2025) & (MW)
 Table 5. Global Gas Turbine Production Market Share by Manufacturers (2020-2025)
 Table 6. Global Gas Turbine Production Value by Manufacturers (2020-2025) & (US$ Million)
 Table 7. Global Gas Turbine Production Value Share by Manufacturers (2020-2025)
 Table 8. Global Key Players of Gas Turbine, Industry Ranking, 2023 VS 2024
 Table 9. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Gas Turbine as of 2024)
 Table 10. Global Market Gas Turbine Average Price by Manufacturers (US$/KW) & (2020-2025)
 Table 11. Global Key Manufacturers of Gas Turbine, Manufacturing Base Distribution and Headquarters
 Table 12. Global Key Manufacturers of Gas Turbine, Product Offered and Application
 Table 13. Global Key Manufacturers of Gas Turbine, Date of Enter into This Industry
 Table 14. Global Gas Turbine Manufacturers Market Concentration Ratio (CR5 and HHI)
 Table 15. Mergers & Acquisitions, Expansion Plans
 Table 16. Global Gas Turbine Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Table 17. Global Gas Turbine Production Value (US$ Million) by Region (2020-2025)
 Table 18. Global Gas Turbine Production Value Market Share by Region (2020-2025)
 Table 19. Global Gas Turbine Production Value (US$ Million) Forecast by Region (2026-2031)
 Table 20. Global Gas Turbine Production Value Market Share Forecast by Region (2026-2031)
 Table 21. Global Gas Turbine Production Comparison by Region: 2020 VS 2024 VS 2031 (MW)
 Table 22. Global Gas Turbine Production (MW) by Region (2020-2025)
 Table 23. Global Gas Turbine Production Market Share by Region (2020-2025)
 Table 24. Global Gas Turbine Production (MW) Forecast by Region (2026-2031)
 Table 25. Global Gas Turbine Production Market Share Forecast by Region (2026-2031)
 Table 26. Global Gas Turbine Market Average Price (US$/KW) by Region (2020-2025)
 Table 27. Global Gas Turbine Market Average Price (US$/KW) by Region (2026-2031)
 Table 28. Global Gas Turbine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (MW)
 Table 29. Global Gas Turbine Consumption by Region (2020-2025) & (MW)
 Table 30. Global Gas Turbine Consumption Market Share by Region (2020-2025)
 Table 31. Global Gas Turbine Forecasted Consumption by Region (2026-2031) & (MW)
 Table 32. Global Gas Turbine Forecasted Consumption Market Share by Region (2026-2031)
 Table 33. North America Gas Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MW)
 Table 34. North America Gas Turbine Consumption by Country (2020-2025) & (MW)
 Table 35. North America Gas Turbine Consumption by Country (2026-2031) & (MW)
 Table 36. Europe Gas Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MW)
 Table 37. Europe Gas Turbine Consumption by Country (2020-2025) & (MW)
 Table 38. Europe Gas Turbine Consumption by Country (2026-2031) & (MW)
 Table 39. Asia Pacific Gas Turbine Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (MW)
 Table 40. Asia Pacific Gas Turbine Consumption by Region (2020-2025) & (MW)
 Table 41. Asia Pacific Gas Turbine Consumption by Region (2026-2031) & (MW)
 Table 42. Latin America, Middle East & Africa Gas Turbine Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (MW)
 Table 43. Latin America, Middle East & Africa Gas Turbine Consumption by Country (2020-2025) & (MW)
 Table 44. Latin America, Middle East & Africa Gas Turbine Consumption by Country (2026-2031) & (MW)
 Table 45. Global Gas Turbine Production (MW) by Type (2020-2025)
 Table 46. Global Gas Turbine Production (MW) by Type (2026-2031)
 Table 47. Global Gas Turbine Production Market Share by Type (2020-2025)
 Table 48. Global Gas Turbine Production Market Share by Type (2026-2031)
 Table 49. Global Gas Turbine Production Value (US$ Million) by Type (2020-2025)
 Table 50. Global Gas Turbine Production Value (US$ Million) by Type (2026-2031)
 Table 51. Global Gas Turbine Production Value Market Share by Type (2020-2025)
 Table 52. Global Gas Turbine Production Value Market Share by Type (2026-2031)
 Table 53. Global Gas Turbine Price (US$/KW) by Type (2020-2025)
 Table 54. Global Gas Turbine Price (US$/KW) by Type (2026-2031)
 Table 55. Global Gas Turbine Production (MW) by Application (2020-2025)
 Table 56. Global Gas Turbine Production (MW) by Application (2026-2031)
 Table 57. Global Gas Turbine Production Market Share by Application (2020-2025)
 Table 58. Global Gas Turbine Production Market Share by Application (2026-2031)
 Table 59. Global Gas Turbine Production Value (US$ Million) by Application (2020-2025)
 Table 60. Global Gas Turbine Production Value (US$ Million) by Application (2026-2031)
 Table 61. Global Gas Turbine Production Value Market Share by Application (2020-2025)
 Table 62. Global Gas Turbine Production Value Market Share by Application (2026-2031)
 Table 63. Global Gas Turbine Price (US$/KW) by Application (2020-2025)
 Table 64. Global Gas Turbine Price (US$/KW) by Application (2026-2031)
 Table 65. GE Vernova Gas Turbine Company Information
 Table 66. GE Vernova Gas Turbine Specification and Application
 Table 67. GE Vernova Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 68. GE Vernova Main Business and Markets Served
 Table 69. GE Vernova Recent Developments/Updates
 Table 70. Siemens Energy Gas Turbine Company Information
 Table 71. Siemens Energy Gas Turbine Specification and Application
 Table 72. Siemens Energy Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 73. Siemens Energy Main Business and Markets Served
 Table 74. Siemens Energy Recent Developments/Updates
 Table 75. MHPS Gas Turbine Company Information
 Table 76. MHPS Gas Turbine Specification and Application
 Table 77. MHPS Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 78. MHPS Main Business and Markets Served
 Table 79. MHPS Recent Developments/Updates
 Table 80. Dongfang Electric Corporation Gas Turbine Company Information
 Table 81. Dongfang Electric Corporation Gas Turbine Specification and Application
 Table 82. Dongfang Electric Corporation Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 83. Dongfang Electric Corporation Main Business and Markets Served
 Table 84. Dongfang Electric Corporation Recent Developments/Updates
 Table 85. Solar Turbines Gas Turbine Company Information
 Table 86. Solar Turbines Gas Turbine Specification and Application
 Table 87. Solar Turbines Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 88. Solar Turbines Main Business and Markets Served
 Table 89. Solar Turbines Recent Developments/Updates
 Table 90. Baker Hughes Gas Turbine Company Information
 Table 91. Baker Hughes Gas Turbine Specification and Application
 Table 92. Baker Hughes Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 93. Baker Hughes Main Business and Markets Served
 Table 94. Baker Hughes Recent Developments/Updates
 Table 95. Ansaldo Gas Turbine Company Information
 Table 96. Ansaldo Gas Turbine Specification and Application
 Table 97. Ansaldo Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 98. Ansaldo Main Business and Markets Served
 Table 99. Ansaldo Recent Developments/Updates
 Table 100. Kawasaki Gas Turbine Company Information
 Table 101. Kawasaki Gas Turbine Specification and Application
 Table 102. Kawasaki Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 103. Kawasaki Main Business and Markets Served
 Table 104. Kawasaki Recent Developments/Updates
 Table 105. BHEL Gas Turbine Company Information
 Table 106. BHEL Gas Turbine Specification and Application
 Table 107. BHEL Gas Turbine Production (MW), Value (US$ Million), Price (US$/KW) and Gross Margin (2020-2025)
 Table 108. BHEL Main Business and Markets Served
 Table 109. BHEL Recent Developments/Updates
 Table 110. Key Raw Materials Lists
 Table 111. Raw Materials Key Suppliers Lists
 Table 112. Gas Turbine Distributors List
 Table 113. Gas Turbine Customers List
 Table 114. Gas Turbine Market Trends
 Table 115. Gas Turbine Market Drivers
 Table 116. Gas Turbine Market Challenges
 Table 117. Gas Turbine Market Restraints
 Table 118. Research Programs/Design for This Report
 Table 119. Key Data Information from Secondary Sources
 Table 120. Key Data Information from Primary Sources
 Table 121. Authors List of This Report


List of Figures
 Figure 1. Product Picture of Gas Turbine
 Figure 2. Global Gas Turbine Market Value by Type, (US$ Million) & (2020-2031)
 Figure 3. Global Gas Turbine Market Share by Type: 2024 VS 2031
 Figure 4. Heavy Duty Gas Turbine Product Picture
 Figure 5. Aeroderivative Gas Turbine Product Picture
 Figure 6. Light Duty Gas Turbine Product Picture
 Figure 7. Global Gas Turbine Market Value by Application, (US$ Million) & (2020-2031)
 Figure 8. Global Gas Turbine Market Share by Application: 2024 VS 2031
 Figure 9. Power Generation
 Figure 10. Oil & Gas
 Figure 11. Other
 Figure 12. Global Gas Turbine Production Value (US$ Million), 2020 VS 2024 VS 2031
 Figure 13. Global Gas Turbine Production Value (US$ Million) & (2020-2031)
 Figure 14. Global Gas Turbine Production Capacity (MW) & (2020-2031)
 Figure 15. Global Gas Turbine Production (MW) & (2020-2031)
 Figure 16. Global Gas Turbine Average Price (US$/KW) & (2020-2031)
 Figure 17. Gas Turbine Report Years Considered
 Figure 18. Gas Turbine Production Share by Manufacturers in 2024
 Figure 19. Global Gas Turbine Production Value Share by Manufacturers (2024)
 Figure 20. Gas Turbine Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
 Figure 21. The Global 5 and 10 Largest Players: Market Share by Gas Turbine Revenue in 2024
 Figure 22. Global Gas Turbine Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
 Figure 23. Global Gas Turbine Production Value Market Share by Region: 2020 VS 2024 VS 2031
 Figure 24. Global Gas Turbine Production Comparison by Region: 2020 VS 2024 VS 2031 (MW)
 Figure 25. Global Gas Turbine Production Market Share by Region: 2020 VS 2024 VS 2031
 Figure 26. North America Gas Turbine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 27. Europe Gas Turbine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 28. Japan Gas Turbine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 29. India Gas Turbine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 30. China Gas Turbine Production Value (US$ Million) Growth Rate (2020-2031)
 Figure 31. Global Gas Turbine Consumption by Region: 2020 VS 2024 VS 2031 (MW)
 Figure 32. Global Gas Turbine Consumption Market Share by Region: 2020 VS 2024 VS 2031
 Figure 33. North America Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 34. North America Gas Turbine Consumption Market Share by Country (2020-2031)
 Figure 35. U.S. Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 36. Canada Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 37. Europe Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 38. Europe Gas Turbine Consumption Market Share by Country (2020-2031)
 Figure 39. Germany Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 40. France Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 41. U.K. Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 42. Italy Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 43. Netherlands Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 44. Asia Pacific Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 45. Asia Pacific Gas Turbine Consumption Market Share by Region (2020-2031)
 Figure 46. China Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 47. Japan Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 48. South Korea Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 49. China Taiwan Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 50. Southeast Asia Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 51. India Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 52. Latin America, Middle East & Africa Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 53. Latin America, Middle East & Africa Gas Turbine Consumption Market Share by Country (2020-2031)
 Figure 54. Mexico Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 55. Brazil Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 56. Turkey Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 57. GCC Countries Gas Turbine Consumption and Growth Rate (2020-2031) & (MW)
 Figure 58. Global Production Market Share of Gas Turbine by Type (2020-2031)
 Figure 59. Global Production Value Market Share of Gas Turbine by Type (2020-2031)
 Figure 60. Global Gas Turbine Price (US$/KW) by Type (2020-2031)
 Figure 61. Global Production Market Share of Gas Turbine by Application (2020-2031)
 Figure 62. Global Production Value Market Share of Gas Turbine by Application (2020-2031)
 Figure 63. Global Gas Turbine Price (US$/KW) by Application (2020-2031)
 Figure 64. Gas Turbine Value Chain
 Figure 65. Channels of Distribution (Direct Vs Distribution)
 Figure 66. Bottom-up and Top-down Approaches for This Report
 Figure 67. Data Triangulation
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