유럽의 가스 터빈 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, Europe gas turbine market size in 2026 is estimated at USD 7.65 billion, growing from 2025 value of USD 7.29 billion with 2031 projections showing USD 9.77 billion, growing at 5.0% CAGR over 2026-2031.

This report is Segmented by Capacity (Up To 30 MW, 31 To 120 MW, Above 120 MW), Operating Cycle (Combined Cycle, Simple/Open Cycle, and Cogeneration/CHP), Fuel Type (Natural Gas, Liquid Fuels, and Other Fuel Types), End-User Industry (Power, Oil and Gas, and Other End-User Industries), and Geography (United Kingdom, Germany, France, Italy, Spain, Russia, and Rest of Europe).

Europe Gas Turbine Market Trends and Insights

Closure of ageing coal & nuclear fleets accelerates CCGT build-out

Europe's retirement of legacy coal and nuclear units is concentrating demand on hydrogen-ready CCGT projects. Germany's EnBW has allocated EUR 1.6 billion (USD 1.73 billion) to replace coal units with 1.34 GW of gas capacity across Heilbronn and Altbach/Deizisau, underlining the urgency to plug baseload gaps before 2030 phase-out deadlines. Similar replacement campaigns are unfolding in the UK and France, where ageing gas and nuclear fleets, respectively, require swift capacity injections. Modern H-class turbines, already proven at 64% combined-cycle efficiency, pair that thermal performance with sub-30-minute start times and therefore fit the constrained investment window created by high carbon prices. The compressed timeline is pushing utilities to favour proven gas technology over nascent long-duration storage options while maintaining a clear pathway to burn hydrogen blends as soon as 2028.

Renewables intermittency amplifies need for fast-ramping gas turbines

With renewables set to account for over 60% of the EU's generation mix by 2030, grid operators face sharper "duck-curve" ramp events and regular Dunkelflaute periods. Aero-derivative turbines, such as GE's LM2500, reach full load in under 10 minutes. Ansaldo Energia's AE94.3A, installed at Marbach, delivers up to 50 MW/minute ramp rates. Grid codes now value flexible starts over record thermal efficiency, so OEMs are investing in variable inlet guide vanes and blow-off extraction that trim minimum load by 19% without breaching emissions limits. The European Commission projects an additional 19 GW of fast-start gas assets will be required by 2030, a volume significant enough to sustain order books even as batteries proliferate.

Rapid cost declines in grid-scale batteries erode peaking-plant revenues

Lithium-ion storage now delivers 80-90% round-trip efficiency, undercutting the 35-45% net efficiency of open-cycle gas peakers. Italy's Terna expects 71 GWh of new storage by 2030, and, in modeling scenarios, peaker fleet run-hours fall by 15-20%. Because batteries can clear frequency-response markets with sub-second reaction, revenue stacking opportunities once reserved for turbines are migrating to storage. OEMs are responding by bundling turbine-plus-battery hybrids, but margins on the battery portion are slimmer.

Other drivers and restraints analyzed in the detailed report include:

1. EU Industrial Emissions Directive tightening NOx limits drives upgrades
2. Hydrogen-ready turbine retrofits qualify for green-finance taxonomy
3. EU ETS carbon-price surpassing EUR 90/t raises CCGT dispatch costs

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Turbines rated above 120 MW captured 39.40% of the European gas turbine market share in 2025, confirming utilities' reliance on large H-class frames that deliver 64% combined-cycle efficiency and dispatchable inertia during renewable ramp events. This scale advantage secures long-term ancillary-service revenue and maintains high capacity factors even after carbon costs are internalized, thereby underpinning a sizable portion of the European gas turbine market size. Demand for the middle 30-120 MW class remains steady because industrial parks and mid-scale municipals continue to standardize cogeneration packages that balance electricity and steam loads while maintaining compliance with the EU Industrial Emissions Directive. Project sponsors favor turnkey procurement that bundles turbine, HRSG, and digital twin, shortening execution windows to 24-30 months and easing financing approval.

The sub-30 MW tier, although contributing a modest share today, is advancing at a 5.4% CAGR through 2031, the fastest within the capacity spectrum, driven by data center microgrids, district heating upgrades, and islanded manufacturing clusters. Aeroderivative machines, such as GE Vernova's LM2500XPRESS, reach full load in 10 minutes and are rolled off trucks as ISO containers, attributes that bypass the protracted civil works timelines plaguing large greenfield builds. Favorable permitting for distributed resources and the absence of stringent grid connection codes for small units further reduce development risk. Manufacturers are layering dry-low-emission combustors onto these frames, enabling emissions of < 25 ppm NOx without water injection, a feature that aligns with urban air-quality regulations. As Europe's Big Tech sector doubles its server footprint by 2027, incremental micro-grid orders are expected to compound, lifting both parts and service revenue across this high-growth slice of the European gas turbine market.

Combined-cycle plants held a commanding 60.40% share of the European gas turbine market in 2025, as their 30-minute start capability and thermal efficiency of over 60% meet utilities' twin goals of coal-to-gas replacement and renewable balancing flexibility. Capacity-market auctions in the UK and Germany's Kraftwerkstrategie guidelines explicitly reward CCGT assets that can sustain 4-hour continuous output at short notice, a criterion that entrenches their procurement priority. Operators are upgrading inlet-chilling and fast-ramp valve control to shave 5-10 minutes off cold-start curves, preserving competitiveness against rapidly falling battery prices. The European gas turbine market size for simple-cycle peakers remains niche yet persistent, anchored by oil-and-gas field power and emergency black-start duties, where capital expenditure (CAPEX) and footprint take precedence over thermal performance.

Cogeneration and district-heating configurations, clustered under CHP, are projected to expand at a 5.9% CAGR to 2031, reflecting their ability to convert 80-90% of fuel energy into useful output for factories and communal heat grids. Denmark, Finland, and Poland have already legislated heat infrastructure modernisation subsidies that reimburse up to 30% of CHP capital expenditure, tilting investment economics toward on-site turbines over imported biomass boilers. EU taxonomy recognition of high-efficiency cogeneration unlocks concessional debt, luring chemicals, pulp and paper, and beverage producers to hedge volatile power prices with embedded generation. Competitive procurement now asks vendors to deliver turnkey CHP islands that integrate condensing reheaters, absorption chillers,s, and hydrogen-ready burners, ensuring regulatory compliance through 2040. These features position advanced CHP packages as the fastest-growing segment within the European gas turbine market in terms of operating cycles.

Complete Report Scope:

• By Capacity
  • Up to 30 MW
  • 30 to 120 MW
  • Above 120 MW
• By Operating Cycle
  • Combined Cycle
  • Simple/Open Cycle
  • Cogeneration/CHP
• By Fuel Type
  • Natural Gas
  • Liquid Fuels (Diesel/Kerosene/LPG)
  • Other Fuel Types (Hydrogen, Biogas)
• By End-User Industry
  • Power Utilities
  • Oil and Gas
  • Other End-user Indutries (Industrial, Marine)
• By Country
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

List of Companies Covered in this Report:

1. General Electric Co.
2. Siemens Energy AG
3. Mitsubishi Power Europe
4. Kawasaki Heavy Industries Ltd.
5. Solar Turbines Europe S.A.
6. Ansaldo Energia S.p.A.
7. Rolls-Royce plc (MTU Aero Engines / Vericor)
8. MAN Energy Solutions SE
9. Harbin Electric International Co.
10. Bharat Heavy Electricals Ltd.
11. Doosan Skoda Power
12. Capstone Green Energy Corp.
13. OPRA Turbines B.V.
14. Shanghai Electric Group Co.
15. Zorya-Mashproekt
16. ALSTOM (legacy fleet services)
17. Siemens Industrial Turbomachinery AB (Sweden)
18. Dresser-Rand (Siemens)
19. EthosEnergy Group
20. Turboden S.p.A. (micro-turbines)

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 Introduction

• 1.1 Study Assumptions & Market Definition
• 1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Landscape

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Closure of ageing coal & nuclear fleets accelerates CCGT build-out
  • 4.2.2 Renewables intermittency amplifies need for fast-ramping gas turbines
  • 4.2.3 EU Industrial Emissions Directive tightening NOx limits drives upgrades
  • 4.2.4 Hydrogen-ready turbine retrofits qualify for green-finance taxonomy
  • 4.2.5 Data-centre micro-grids adopting aero-derivative turbines for resilience
  • 4.2.6 Synthetic-methane pilots in Scandinavia create niche demand pockets
• 4.3 Market Restraints
  • 4.3.1 Rapid cost declines in grid-scale batteries erode peaking-plant revenues
  • 4.3.2 EU ETS carbon-price surpassing €90/t raises CCGT dispatch costs
  • 4.3.3 Volatile LNG import prices compress OEM service-contract margins
  • 4.3.4 Methane-leakage activism triggers permit delays for new gas pipes
• 4.4 Supply-Chain Analysis
• 4.5 Regulatory Landscape
• 4.6 Technological Outlook
• 4.7 Porter's Five Forces
  • 4.7.1 Bargaining Power of Suppliers
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Threat of New Entrants
  • 4.7.4 Threat of Substitutes
  • 4.7.5 Competitive Rivalry

5 Market Size & Growth Forecasts

• 5.1 By Capacity
  • 5.1.1 Up to 30 MW
  • 5.1.2 30 to 120 MW
  • 5.1.3 Above 120 MW
• 5.2 By Operating Cycle
  • 5.2.1 Combined Cycle
  • 5.2.2 Simple/Open Cycle
  • 5.2.3 Cogeneration/CHP
• 5.3 By Fuel Type
  • 5.3.1 Natural Gas
  • 5.3.2 Liquid Fuels (Diesel/Kerosene/LPG)
  • 5.3.3 Other Fuel Types (Hydrogen, Biogas)
• 5.4 By End-User Industry
  • 5.4.1 Power Utilities
  • 5.4.2 Oil and Gas
  • 5.4.3 Other End-user Indutries (Industrial, Marine)
• 5.5 By Country
  • 5.5.1 United Kingdom
  • 5.5.2 Germany
  • 5.5.3 France
  • 5.5.4 Italy
  • 5.5.5 Spain
  • 5.5.6 Russia
  • 5.5.7 Rest of Europe

6 Competitive Landscape

• 6.1 Market Concentration
• 6.2 Strategic Moves (M&A, Partnerships, PPAs)
• 6.3 Market Share Analysis (Market Rank/Share for key companies)
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
  • 6.4.1 General Electric Co.
  • 6.4.2 Siemens Energy AG
  • 6.4.3 Mitsubishi Power Europe
  • 6.4.4 Kawasaki Heavy Industries Ltd.
  • 6.4.5 Solar Turbines Europe S.A.
  • 6.4.6 Ansaldo Energia S.p.A.
  • 6.4.7 Rolls-Royce plc (MTU Aero Engines / Vericor)
  • 6.4.8 MAN Energy Solutions SE
  • 6.4.9 Harbin Electric International Co.
  • 6.4.10 Bharat Heavy Electricals Ltd.
  • 6.4.11 Doosan Skoda Power
  • 6.4.12 Capstone Green Energy Corp.
  • 6.4.13 OPRA Turbines B.V.
  • 6.4.14 Shanghai Electric Group Co.
  • 6.4.15 Zorya-Mashproekt
  • 6.4.16 ALSTOM (legacy fleet services)
  • 6.4.17 Siemens Industrial Turbomachinery AB (Sweden)
  • 6.4.18 Dresser-Rand (Siemens)
  • 6.4.19 EthosEnergy Group
  • 6.4.20 Turboden S.p.A. (micro-turbines)

7 Market Opportunities & Future Outlook

• 7.1 White-space & Unmet-Need Assessment