Global gas turbines market is anticipated to grow during the forecast period, due to the increasing focus on reducing carbon footprint and low prices of shale gas. Moreover, increasing trend of the distributed power generation and government initiatives to increase electricity generation based on natural gas are propelling the growth of the market. Based on the technology, the combined cycle technology dominated the market in 2017 and is expected to witness significant growth during the forecast period due to the use of waste heat energy to produce additional electricity with the assistance of steam turbines.

Based on the design type, the market has been segmented into heavy duty and aeroderivative. Owing to the rising demand for large gas fired power plants, the demand for heavy duty design is likely to increase in the future. In terms of regional analysis, Asia Pacific acquired the dominant share in 2017 and the trend is expected to continue in the future due to increasing urbanization in developing economies and infrastructural developments.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of global gas turbines market, in terms of value and volume.
  • To classify and forecast global gas turbines market based on design type, technology, application, rating capacity and regional distribution.
  • To identify drivers and challenges for global gas turbines market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global gas turbines market.
  • To conduct the pricing analysis for global gas turbines market.
  • To identify and analyze the profile of leading players operating in the global gas turbines market.


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Some of the leading players in the global gas turbines market are GE, Siemens, BHEL, Ansaldo, Kawasaki Heavy Industries, Centrax, Zorya, Vericor Power, OPRA, Harbin Electric, Man Diesel etc.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major solution providers across the globe.

TechSci Research calculated the market size of global gas turbines market using a bottom-up approach, where data for various application across various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Gas turbines manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to gas turbines market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturer and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global gas turbines market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Technology:
    • Open Cycle
    • Combined Cycle
  • Market, By Design Type:
    • Heavy Duty
    • Aeroderivative
  • Market, By Rating Capacity:
    • Less than 40 MW
    • 40–120 MW
    • 120–300 MW
    • Above 300 MW
  • Market, By Application:
    • Power Generation
    • Oil & Gas
    • Marine
    • Aviation
    • Others
  • Market, By Region:
    • Asia Pacific
      • China
      • India 
      • Japan
      • Australia
      • New Zealand
      • South Korea
    • Europe
      • France
      • Germany
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Netherlands
      • Poland
    • North America
      • United States
      • Mexico
      • Canada
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Chile
    • Middle East and Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global gas turbines market.

Available Customizations:

With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.   Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

4.1.  Product Pricing

4.2.  Factors Influencing Purchase Decision

4.3.  Challenges/Issues Faced Post Purchase

5.    Global Gas Turbines Market Overview 

6.    Global Gas Turbines Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Technology (Open Cycle and Combined Cycle)

6.2.2.     By Design Type (Heavy Duty and Aeroderivative)

6.2.3.     By Capacity (Less than 40 MW, 40-120 MW, 120-300 MW, and Above 300 MW)

6.2.4.     By Application (Power Generation, Oil & Gas, Marine, Aviation and Others)

6.2.5.     By Company

6.2.6.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Gas Turbines Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Technology

7.2.2.     By Design Type

7.2.3.     By Capacity

7.2.4.     By Country

7.3.  Market Attractiveness Index

7.4.  Asia-Pacific: Country Analysis

7.4.1.     China Gas Turbines Market Outlook

7.4.1.1.         Market Size & Forecast

7.4.1.1.1.             By Value & Volume

7.4.1.2.         Market Share & Forecast

7.4.1.2.1.             By Technology

7.4.1.2.2.             By Design Type

7.4.1.3.         Pricing Analysis

7.4.1.4.         Market Attractiveness Index

7.4.2.     India Gas Turbines Market Outlook

7.4.2.1.         Market Size & Forecast

7.4.2.1.1.             By Value & Volume

7.4.2.2.         Market Share & Forecast

7.4.2.2.1.             By Technology

7.4.2.2.2.             By Design Type

7.4.2.3.         Pricing Analysis

7.4.2.4.         Market Attractiveness Index

7.4.3.     Japan Gas Turbines Market Outlook

7.4.3.1.         Market Size & Forecast

7.4.3.1.1.             By Value & Volume

7.4.3.2.         Market Share & Forecast

7.4.3.2.1.             By Technology

7.4.3.2.2.             By Design Type

7.4.3.3.         Pricing Analysis

7.4.3.4.         Market Attractiveness Index

7.4.4.     South Korea Gas Turbines Market Outlook

7.4.4.1.         Market Size & Forecast

7.4.4.1.1.             By Value & Volume

7.4.4.2.         Market Share & Forecast

7.4.4.2.1.             By Technology

7.4.4.2.2.             By Design Type

7.4.4.3.         Pricing Analysis

7.4.4.4.         Market Attractiveness Index

7.4.5.     Australia Gas Turbines Market Outlook

7.4.5.1.         Market Size & Forecast

7.4.5.1.1.             By Value & Volume

7.4.5.2.         Market Share & Forecast

7.4.5.2.1.             By Technology

7.4.5.2.2.             By Design Type

7.4.5.3.         Pricing Analysis

7.4.5.4.         Market Attractiveness Index

7.4.6.     New Zealand Gas Turbines Market Outlook

7.4.6.1.         Market Size & Forecast

7.4.6.1.1.             By Value & Volume

7.4.6.2.         Market Share & Forecast

7.4.6.2.1.             By Technology

7.4.6.2.2.             By Design Type

7.4.6.3.         Pricing Analysis

7.4.6.4.         Market Attractiveness Index

8.    Europe Gas Turbines Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Technology

8.2.2.     By Design Type

8.2.3.     By Capacity

8.2.4.     By Country

8.3.  Market Attractiveness Index

8.4.  Europe: Country Analysis

8.4.1.     France Gas Turbines Market Outlook

8.4.1.1.         Market Size & Forecast

8.4.1.1.1.             By Value & Volume

8.4.1.2.         Market Share & Forecast

8.4.1.2.1.             By Technology

8.4.1.2.2.             By Design Type

8.4.1.3.         Pricing Analysis

8.4.1.4.         Market Attractiveness Index

8.4.2.     Germany Gas Turbines Market Outlook

8.4.2.1.         Market Size & Forecast

8.4.2.1.1.             By Value & Volume

8.4.2.2.         Market Share & Forecast

8.4.2.2.1.             By Technology

8.4.2.2.2.             By Design Type

8.4.2.3.         Pricing Analysis

8.4.2.4.         Market Attractiveness Index

8.4.3.     United Kingdom Gas Turbines Market Outlook

8.4.3.1.         Market Size & Forecast

8.4.3.1.1.             By Value & Volume

8.4.3.2.         Market Share & Forecast

8.4.3.2.1.             By Technology

8.4.3.2.2.             By Design Type

8.4.3.3.         Pricing Analysis

8.4.3.4.         Market Attractiveness Index

8.4.4.     Italy Gas Turbines Market Outlook

8.4.4.1.         Market Size & Forecast

8.4.4.1.1.             By Value & Volume

8.4.4.2.         Market Share & Forecast

8.4.4.2.1.             By Technology

8.4.4.2.2.             By Design Type

8.4.4.3.         Pricing Analysis

8.4.4.4.         Market Attractiveness Index

8.4.5.     Spain Gas Turbines Market Outlook

8.4.5.1.         Market Size & Forecast

8.4.5.1.1.             By Value & Volume

8.4.5.2.         Market Share & Forecast

8.4.5.2.1.             By Technology

8.4.5.2.2.             By Design Type

8.4.5.3.         Pricing Analysis

8.4.5.4.         Market Attractiveness Index

8.4.6.     Russia Gas Turbines Market Outlook

8.4.6.1.         Market Size & Forecast

8.4.6.1.1.             By Value & Volume

8.4.6.2.         Market Share & Forecast

8.4.6.2.1.             By Technology

8.4.6.2.2.             By Design Type

8.4.6.3.         Pricing Analysis

8.4.6.4.         Market Attractiveness Index

8.4.7.     Poland Gas Turbines Market Outlook

8.4.7.1.         Market Size & Forecast

8.4.7.1.1.             By Value & Volume

8.4.7.2.         Market Share & Forecast

8.4.7.2.1.             By Technology

8.4.7.2.2.             By Design Type

8.4.7.3.         Pricing Analysis

8.4.7.4.         Market Attractiveness Index

8.4.8.     Netherlands Gas Turbines Market Outlook

8.4.8.1.         Market Size & Forecast

8.4.8.1.1.             By Value & Volume

8.4.8.2.         Market Share & Forecast

8.4.8.2.1.             By Technology

8.4.8.2.2.             By Design Type