Gas Turbine Oil Market - Top Companies and Manufacturers

Companies Dominating the Gas Turbine Oil Landscape

The leading companies in the gas turbine oil market are always looking for new approaches to enhance their offerings. To develop new, cutting-edge products, they are also investing in research and development. Due to the intense competition in the gas turbine oil market, businesses are striving to increase their market share. Some of the prominent players in the market include

Afton Chemical Corporation
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis

BP plc
Chevron U.S.A. Inc.
ExxonMobil Corporation
GE Vernova Inc.
NYCO SA
Kluber Lubrication
Shell plc
Phillips 66
TotalEnergies

Browse Key Market Insights with Data Illustration:

Gas Turbine Oil Market Size & Share, Growth Trends 2025-2037

In the News

In July 2024, GE Vernova Inc. announced that Korea Southern Power Co. Ltd. (KOSPO)'s Shinsejong Combined Cycle Power Plant has begun operations in Nuri-ri, Yeongi-myon, Sejong Multifunctional Administrative City, South Korea's administrative capital. The plant, which uses a 7HA.03 gas turbine from GE Vernova, is the first in South Korea and the 100th HA unit in the company's global fleet.
In January 2020, ExxonMobil released the Mobil SHC 800 Ultra Series of high-performance turbine oils. These cutting-edge lubricants are made specially to increase the efficiency of combined cycle turbines, turbo compressors, steam, and gas applications—all of which operate in extremely harsh environments.

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of gas turbine oil was over USD 1.3 billion.

The market size for gas turbine oil is projected to cross USD 2.4 billion by the end of 2037 expanding at a CAGR of 5.1% during the forecast period i.e., between 2025-2037.

The major players in the market are Afton Chemical Corporation, BP plc, Chevron U.S.A. Inc., ExxonMobil Corporation, GE Vernova Inc., NYCO SA, Kluber Lubrication, Shell plc, Phillips 66, TotalEnergies, and others.

The industrial segment is anticipated to garner a share/size of 86.0% during 2025-2037.

The Middle East and Africa gas turbine oil sector is poised to hold a 34.7% share by the end of 2037.

Gas Turbine Oil Market - Top Companies and Manufacturers

Companies Dominating the Gas Turbine Oil Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

How big is the gas turbine oil industry?

What is the outlook for the gas turbine oil market?

Who are the major players dominating the gas turbine oil landscape?

Which segment will capture the significant market share for gas turbine oil by 2037?

Which region will provide more opportunities for the gas turbine oil business by 2037?