The global gas turbines market for power industry is forecasted to grow by USD 7752.2 mn during 2025-2030, accelerating at a CAGR of 6.2% during the forecast period. The report on the global gas turbines market for power industry provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising electricity demand from industrial and digital infrastructure, expansion of renewable energy and grid stability needs, rising electricity demand across emerging economies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
| Market Scope |
| Base Year | 2025 |
| End Year | 2030 |
| Series Year | 2026-2030 |
| Growth Momentum | Accelerate |
| YOY 2026 | 6% |
| CAGR | 6.2% |
| Incremental Value | $7752.2 mn |
Technavio's global gas turbines market for power industry is segmented as below:
By Product
- Heavy-duty gas turbine
- Aeroderivative gas turbine
By Technology
By Capacity
- Large units
- Mid-size units
- Small modular units
By End-User
- Power utilities
- Oil and gas industries
Geography
- APAC
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
- Middle East and Africa
- South America
- Rest of World (ROW)
This study identifies the growing adoption of hydrogen-ready turbine platforms as one of the prime reasons driving the global gas turbines market for power industry growth during the next few years. Also, rising integration of digital monitoring and ai-based asset management and growing adoption of modular and distributed power systems will lead to sizable demand in the market.
The report on the global gas turbines market for power industry covers the following areas:
- Global gas turbines market for power industry sizing
- Global gas turbines market for power industry forecast
- Global gas turbines market for power industry industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading global gas turbines market for power industry vendors that include Aero Engine Corp. of China, Ansaldo Energia S.p.A., Baker Hughes Co., Bharat Heavy Electricals Ltd., Capstone Energy Plus, Destinus Energy, DFE Co. Ltd., Doosan Enerbility Co. Ltd., GE Vernova Inc., GH Gas Turbine Co. Ltd., Harbin Electric Co. Ltd., IHI Corp., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries, Mitsui E and S Co. Ltd., Rolls Royce Holdings Plc, Shanghai Electric Group Co. Ltd., Siemens Energy AG, United Engine Corp., Vericor Power Systems. Also, the global gas turbines market for power industry analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Market Segmentation by Capacity
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- 2.3 Factors of disruption
- 2.4 Impact of drivers and challenges
3 Market Landscape
- 3.1 Market ecosystem
- 3.2 Market characteristics
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- 4.2 Market segment analysis
- 4.3 Market size 2025
- 4.4 Market outlook: Forecast for 2025-2030
5 Historic Market Size
- 5.1 Global Gas Turbines Market For Power Industry 2020 - 2024
- Historic Market Size - Data Table on Global Gas Turbines Market For Power Industry 2020 - 2024 ($ million)
- 5.2 Product segment analysis 2020 - 2024
- Historic Market Size - Product Segment 2020 - 2024 ($ million)
- 5.3 Technology segment analysis 2020 - 2024
- Historic Market Size - Technology Segment 2020 - 2024 ($ million)
- 5.4 Capacity segment analysis 2020 - 2024
- Historic Market Size - Capacity Segment 2020 - 2024 ($ million)
- 5.5 End-user segment analysis 2020 - 2024
- Historic Market Size - End-user Segment 2020 - 2024 ($ million)
- 5.6 Geography segment analysis 2020 - 2024
- Historic Market Size - Geography Segment 2020 - 2024 ($ million)
- 5.7 Country segment analysis 2020 - 2024
- Historic Market Size - Country Segment 2020 - 2024 ($ million)
6 Qualitative Analysis
- 6.1 Impact of AI on global gas turbines market for power industry
- 6.2 Impact of geopolitical conflicts on global gas turbines market for power industry
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2025 and 2030
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2025 and 2030
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2025 and 2030
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2025 and 2030
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2025 and 2030
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2025 and 2030
- 7.7 Market condition
8 Market Segmentation by Product
- 8.1 Market segments
- 8.2 Comparison by Product
- 8.3 Heavy-duty gas turbine - Market size and forecast 2025-2030
- 8.4 Aeroderivative gas turbine - Market size and forecast 2025-2030
- 8.5 Market opportunity by Product
- Market opportunity by Product ($ million)
9 Market Segmentation by Technology
- 9.1 Market segments
- 9.2 Comparison by Technology
- 9.3 CCGT - Market size and forecast 2025-2030
- 9.4 OCGT - Market size and forecast 2025-2030
- 9.5 Market opportunity by Technology
- Market opportunity by Technology ($ million)
10 Market Segmentation by Capacity
- 10.1 Market segments
- 10.2 Comparison by Capacity
- 10.3 Large units - Market size and forecast 2025-2030
- 10.4 Mid-size units - Market size and forecast 2025-2030
- 10.5 Small modular units - Market size and forecast 2025-2030
- 10.6 Market opportunity by Capacity
- Market opportunity by Capacity ($ million)
11 Market Segmentation by End-user
- 11.1 Market segments
- 11.2 Comparison by End-user
- 11.3 Power utilities - Market size and forecast 2025-2030
- 11.4 Oil and gas industries - Market size and forecast 2025-2030
- 11.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- 13.2 Geographic comparison
- 13.3 APAC - Market size and forecast 2025-2030
- 13.3.1 China - Market size and forecast 2025-2030
- 13.3.2 Japan - Market size and forecast 2025-2030
- 13.3.3 India - Market size and forecast 2025-2030
- 13.3.4 South Korea - Market size and forecast 2025-2030
- 13.3.5 Australia - Market size and forecast 2025-2030
- 13.3.6 Indonesia - Market size and forecast 2025-2030
- 13.4 North America - Market size and forecast 2025-2030
- 13.4.1 US - Market size and forecast 2025-2030
- 13.4.2 Canada - Market size and forecast 2025-2030
- 13.4.3 Mexico - Market size and forecast 2025-2030
- 13.5 Europe - Market size and forecast 2025-2030
- 13.5.1 Germany - Market size and forecast 2025-2030
- 13.5.2 UK - Market size and forecast 2025-2030
- 13.5.3 France - Market size and forecast 2025-2030
- 13.5.4 Italy - Market size and forecast 2025-2030
- 13.5.5 Spain - Market size and forecast 2025-2030
- 13.5.6 The Netherlands - Market size and forecast 2025-2030
- 13.6 Middle East and Africa - Market size and forecast 2025-2030
- 13.6.1 Saudi Arabia - Market size and forecast 2025-2030
- 13.6.2 UAE - Market size and forecast 2025-2030
- 13.6.3 South Africa - Market size and forecast 2025-2030
- 13.6.4 Israel - Market size and forecast 2025-2030
- 13.6.5 Turkey - Market size and forecast 2025-2030
- 13.7 South America - Market size and forecast 2025-2030
- 13.7.1 Brazil - Market size and forecast 2025-2030
- 13.7.2 Argentina - Market size and forecast 2025-2030
- 13.7.3 Chile - Market size and forecast 2025-2030
- 13.8 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
14 Drivers, Challenges, and Opportunity
- 14.1 Market drivers
- Rising electricity demand from industrial and digital infrastructure
- Expansion of renewable energy and grid stability needs
- Rising electricity demand across emerging economies
- 14.2 Market challenges
- Increasing emissions compliance and decarbonization pressure
- Volatility in natural gas supply and fuel price dynamics
- Lengthy project execution and infrastructure development barriers
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2025 and 2030
- 14.4 Market opportunities
- Growing adoption of hydrogen-ready turbine platforms
- Rising integration of digital monitoring and AI-based asset management
- Growing adoption of modular and distributed power systems
15 Competitive Landscape
- 15.1 Overview
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.1 Companies profiled
- 16.2 Company ranking index
- 16.3 Market positioning of companies
- Matrix on companies position and classification
- 16.4 Aero Engine Corp. of China
- Aero Engine Corp. of China - Overview
- Aero Engine Corp. of China - Product / Service
- Aero Engine Corp. of China - Key offerings
- SWOT
- 16.5 Baker Hughes Co.
- Baker Hughes Co. - Overview
- Baker Hughes Co. - Business segments
- Baker Hughes Co. - Key news
- Baker Hughes Co. - Key offerings
- Baker Hughes Co. - Segment focus
- SWOT
- 16.6 Bharat Heavy Electricals Ltd.
- Bharat Heavy Electricals Ltd. - Overview
- Bharat Heavy Electricals Ltd. - Business segments
- Bharat Heavy Electricals Ltd. - Key offerings
- Bharat Heavy Electricals Ltd. - Segment focus
- SWOT
- 16.7 DFE Co. Ltd.
- DFE Co. Ltd. - Overview
- DFE Co. Ltd. - Product / Service
- DFE Co. Ltd. - Key offerings
- SWOT
- 16.8 Doosan Enerbility Co. Ltd.
- Doosan Enerbility Co. Ltd. - Overview
- Doosan Enerbility Co. Ltd. - Business segments
- Doosan Enerbility Co. Ltd. - Key offerings
- Doosan Enerbility Co. Ltd. - Segment focus
- SWOT
- 16.9 GE Vernova Inc.
- GE Vernova Inc. - Overview
- GE Vernova Inc. - Business segments
- GE Vernova Inc. - Key offerings
- GE Vernova Inc. - Segment focus
- SWOT
- 16.10 Harbin Electric Co. Ltd.
- Harbin Electric Co. Ltd. - Overview
- Harbin Electric Co. Ltd. - Product / Service
- Harbin Electric Co. Ltd. - Key offerings
- SWOT
- 16.11 IHI Corp.
- IHI Corp. - Overview
- IHI Corp. - Business segments
- IHI Corp. - Key offerings
- IHI Corp. - Segment focus
- SWOT
- 16.12 Kawasaki Heavy Industries Ltd.
- Kawasaki Heavy Industries Ltd. - Overview
- Kawasaki Heavy Industries Ltd. - Business segments
- Kawasaki Heavy Industries Ltd. - Key news
- Kawasaki Heavy Industries Ltd. - Key offerings
- Kawasaki Heavy Industries Ltd. - Segment focus
- SWOT
- 16.13 Mitsubishi Heavy Industries
- Mitsubishi Heavy Industries - Overview
- Mitsubishi Heavy Industries - Business segments
- Mitsubishi Heavy Industries - Key news
- Mitsubishi Heavy Industries - Key offerings
- Mitsubishi Heavy Industries - Segment focus
- SWOT
- 16.14 Mitsui E and S Co. Ltd.
- Mitsui E and S Co. Ltd. - Overview
- Mitsui E and S Co. Ltd. - Business segments
- Mitsui E and S Co. Ltd. - Key offerings
- Mitsui E and S Co. Ltd. - Segment focus
- SWOT
- 16.15 Rolls Royce Holdings Plc
- Rolls Royce Holdings Plc - Overview
- Rolls Royce Holdings Plc - Business segments
- Rolls Royce Holdings Plc - Key news
- Rolls Royce Holdings Plc - Key offerings
- Rolls Royce Holdings Plc - Segment focus
- SWOT
- 16.16 Siemens Energy AG
- Siemens Energy AG - Overview
- Siemens Energy AG - Business segments
- Siemens Energy AG - Key news
- Siemens Energy AG - Key offerings
- Siemens Energy AG - Segment focus
- SWOT
- 16.17 United Engine Corp.
- United Engine Corp. - Overview
- United Engine Corp. - Product / Service
- United Engine Corp. - Key offerings
- SWOT
- 16.18 Vericor Power Systems
- Vericor Power Systems - Overview
- Vericor Power Systems - Product / Service
- Vericor Power Systems - Key offerings
- SWOT
17 Appendix
- 17.1 Scope of the report
- Market definition
- Objectives
- Notes and caveats
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.5 Data procurement
- 17.6 Data validation
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.8 Data synthesis
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations