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Gas Turbine Market - Top Companies and Manufacturers

  • Report ID: 3354
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Companies Dominating the Gas Turbine Landscape

    • General Electric Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Siemens AG
    • Kawasaki Heavy Industries, Ltd.
    • Ansaldo Energia
    • Mitsubishi Power, Ltd.
    • MAN Energy Solutions
    • Solar Turbines Incorporated
    • Centrax Gas Turbines
    • Técnicas Reunidas S. A.
    • Wartsila
Browse Key Market Insights with Data Illustration:

In the News

  • The Shanghai Electric Company and Ansaldo Energia have been awarded a USD 350 million contract for the construction of an 800MW combined cycle power plant in Bangladesh. The project is part of the Bangladeshi government's plan to increase the country's energy generation capacity.

  • The Mexican government awarded a contract to a consortium formed by Técnicas Reunidas and TSK to design and construct combined cycle plants at Valladolid and Mérida. Approximately 1,000 MW and 500 MW of power is expected from these plants.


Author Credits:  Dhruv Bhatia


  • Report ID: 3354
  • Published Date: Oct 10, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of gas turbine is assessed at USD 16.25 billion.

The gas turbine market size was over USD 15.59 billion in 2024 and is anticipated to reach USD 30.41 billion by the end of 2037, witnessing around 5.4% CAGR during the forecast period i.e., between 2025-2037. Rising demand for clean energy sources and the need to reduce carbon dioxide emissions along with increasing electricity consumption will boost the market growth.

Asia Pacific is poised to be the largest with a share of about 38% by 2037, propelled by rapid growth of the industrial sector that requires high power output, and increasing demand for natural gas-fired gas turbines.

The major players in the market include General Electric Company, Siemens AG, Kawasaki Heavy Industries, Ltd., Ansaldo Energia, Mitsubishi Power, Ltd., MAN Energy Solutions, Solar Turbines Incorporated, Centrax Gas Turbines, Técnicas Reunidas S. A., Wartsila.
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