가스 터빈 시장 기회, 성장 촉진요인, 산업 동향 분석, 예측(2025-2034년)

The Global Gas Turbine Market, valued at USD 14.7 billion in 2024, is projected to expand at a CAGR of 5.4% from 2025 to 2034. The market growth is driven by the rising focus on reducing carbon emissions and the increasing global trade of natural gas. Governments worldwide are enforcing strict environmental policies to support the transition to low-carbon energy sources, accelerating the adoption of gas turbines. Urbanization and industrial expansion, coupled with the growing demand for electricity, are leading to higher investments in gas turbine technologies. These turbines are widely recognized as reliable components of modern energy infrastructure, capable of fulfilling baseload, peak-load, and backup power needs.

Expanding industries such as oil & gas, aviation, and process plants are increasing the demand for gas turbines due to their efficiency and ability to perform in extreme conditions. Governments are implementing incentives, tax benefits, and subsidies to encourage the deployment of cleaner energy solutions. Policies regulating natural gas usage are also shaping the market landscape. The market, valued at USD 15.3 billion in 2022, declined to USD 13.7 billion in 2023 before rebounding to USD 15.7 billion in 2024. The integration of modernized grids with renewable energy and demand-response systems is expected to further enhance industry growth.

Aeroderivative gas turbines are expected to grow at a CAGR of 5.7% through 2034, driven by their lightweight structure and modular design, making them an attractive choice for distributed power applications. Their ability to start rapidly and operate in on-demand energy markets, such as microgrids, is boosting their adoption. Meanwhile, the market for heavy-duty gas turbines, valued at USD 11.3 billion in 2024, is expanding due to their role in meeting the increasing need for dependable baseload power. These turbines are crucial for large-scale power generation, particularly in emerging economies experiencing rapid urban and industrial development.

The market for gas turbines with a capacity of over 200 MW exceeded USD 4 billion in 2024. Governments are emphasizing sustainable energy solutions to meet rising electricity demands. Smaller capacity gas turbines, particularly those of <= 50 kW, are gaining traction for decentralized power generation, growing at a CAGR of over 6% through 2034. These turbines are ideal for industrial sites, remote locations, and microgrid applications where efficiency and reliability are key.

The segment for 50 kW to 500 kW gas turbines, valued at USD 1.2 billion in 2024, is expanding as industries seek distributed energy solutions to ensure stable and efficient power supply. By 2034, this segment is expected to reach USD 2.2 billion. Similarly, turbines in the 1 MW to 30 MW range are anticipated to grow at a CAGR of 5%, supported by demand from industries requiring flexible power solutions, such as oil & gas and chemical processing plants.

Gas turbines within the 30 MW to 70 MW range accounted for over 10% of the market share in 2024, with applications in combined cycle installations and integrated gasification plants. Continuous advancements in analytical capabilities and turbine materials are improving efficiency and durability. Larger capacity turbines, ranging from 70 MW to 200 MW, are projected to surpass USD 6 billion by 2034, supported by ongoing innovations in turbine technology.

Turbines exceeding 200 MW are poised to grow at a CAGR of over 4.8% by 2034, driven by increased electricity demand and advancements in hydrogen fuel utilization. Many industries are incorporating gas turbines for cogeneration and waste heat recovery to enhance overall efficiency. Technological innovations, including improvements in fuel efficiency and emission control, continue to shape the industry's future.

Gas turbine technology is categorized into open cycle and combined cycle systems. The combined cycle segment is set to dominate, growing at a CAGR of 5.4% and reaching over USD 20 billion by 2034. The open cycle gas turbine market will expand at a CAGR of 5.3%, driven by increasing demand for grid security and distributed power solutions. Combined cycle turbines held 82.7% of the market share in 2024 as industries shift toward more efficient and environmentally friendly alternatives to coal-fired power plants. The replacement of traditional power plants with advanced gas turbines is accelerating adoption, particularly in regions emphasizing decarbonization and emissions reduction.

U.S. gas turbine market surpassed USD 1 billion in 2024, driven by policy measures supporting investment in cleaner energy technologies. Recent government spending initiatives, including infrastructure and industrial policy programs, are reinforcing the country's position in the global energy transition.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Market estimates & forecast parameters
• 1.3 Forecast calculation
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid
    • 1.4.2.2 Public

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 - 2034

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
• 3.2 Regulatory landscape
• 3.3 Industry impact forces
  • 3.3.1 Growth drivers
  • 3.3.2 Industry pitfalls & challenges
• 3.4 Growth potential analysis
• 3.5 Porter's Analysis
  • 3.5.1 Bargaining power of suppliers
  • 3.5.2 Bargaining power of buyers
  • 3.5.3 Threat of new entrants
  • 3.5.4 Threat of substitutes
• 3.6 PESTEL Analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Strategic outlook
• 4.3 Innovation & sustainability landscape

Chapter 5 Market Size and Forecast, By Capacity, 2021 – 2034 (MW & USD Million)

• 5.1 Key trends
• 5.2 ≤ 50 kW
• 5.3 > 50 kW to 500 kW
• 5.4 > 500 kW to 1 MW
• 5.5 > 1 MW to 30 MW
• 5.6 > 30 MW to 70 MW
• 5.7 > 70 MW to 200 MW
• 5.8 > 200 MW

Chapter 6 Market Size and Forecast, By Product, 2021 – 2034 (MW & USD Million)

• 6.1 Key trends
• 6.2 Aero-derivative
• 6.3 Heavy duty

Chapter 7 Market Size and Forecast, By Technology, 2021 – 2034 (MW & USD Million)

• 7.1 Key trends
• 7.2 Open cycle
• 7.3 Combined cycle

Chapter 8 Market Size and Forecast, By Application, 2021 – 2034 (MW & USD Million)

• 8.1 Key trends
• 8.2 Power plants
• 8.3 Oil & gas
• 8.4 Process plants
• 8.5 Aviation
• 8.6 Marine
• 8.7 Others

Chapter 9 Market Size and Forecast, By Region, 2021 – 2034 (MW & USD Million)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 France
  • 9.3.3 Germany
  • 9.3.4 Russia
  • 9.3.5 Italy
  • 9.3.6 Netherlands
  • 9.3.7 Finland
  • 9.3.8 Greece
  • 9.3.9 Denmark
  • 9.3.10 Romania
  • 9.3.11 Poland
  • 9.3.12 Sweden
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 Australia
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 Indonesia
  • 9.4.6 Thailand
  • 9.4.7 Malaysia
  • 9.4.8 Bangladesh
• 9.5 Middle East & Africa
  • 9.5.1 Saudi Arabia
  • 9.5.2 UAE
  • 9.5.3 Qatar
  • 9.5.4 Kuwait
  • 9.5.5 Oman
  • 9.5.6 Egypt
  • 9.5.7 Turkey
  • 9.5.8 Bahrain
  • 9.5.9 Iraq
  • 9.5.10 Jordan
  • 9.5.11 Lebanon
  • 9.5.12 South Africa
  • 9.5.13 Nigeria
  • 9.5.14 Algeria
  • 9.5.15 Kenya
  • 9.5.16 Ghana
• 9.6 Latin America
  • 9.6.1 Brazil
  • 9.6.2 Argentina
  • 9.6.3 Peru
  • 9.6.4 Chile

Chapter 10 Company Profiles

• 10.1 Ansaldo Energia
• 10.2 Baker Hughes Company
• 10.3 Bharat Heavy Electricals Limited
• 10.4 Capstone Green Energy Corporation
• 10.5 Doosan
• 10.6 Flex Energy Solutions
• 10.7 General Electric
• 10.8 Harbin Electric Corporation
• 10.9 IHI Corporation
• 10.10 Kawasaki Heavy Industries
• 10.11 MAN Energy Solutions
• 10.12 Mitsubishi Heavy Industries
• 10.13 Nanjing Turbine & Electric Machinery
• 10.14 Opra Turbines
• 10.15 Rolls Royce PLC
• 10.16 Shanghai Electric Gas Turbine
• 10.17 Siemens Energy
• 10.18 Solar Turbines
• 10.19 Vericor
• 10.20 Wartsila