Aeroderivative Gas Turbine Market Size

Aeroderivative Gas Turbine Market size was over USD 4.15 billion in 2024 and is projected to exceed USD 8.74 billion by the end of 2037, witnessing over 5.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of aeroderivative gas turbine is evaluated at USD 4.35 billion.

The reason behind the market growth is impelled by the rising integration of renewable energy. More renewables are integrated into the grid as solar and wind tend to be more variable and uncertain than conventional sources.

Aeroderivatives are likely to become the go-to technology as they help balance the intermittency of renewable sources and provide backup and grid support. More than 94% of the expansion in the world's electricity capacity is anticipated to come from renewable sources by 2026.

The growing emphasis on sustainability is believed to fuel the market growth. Aeroderivative turbines run on natural gas or biofuels which makes them an energy-efficient option as compared to other fossil fuels. Natural gas releases less greenhouse gas emissions.