남미의 가스 터빈 시장 규모와 예측(2025-2031년) : 세계 및 지역 점유율, 동향, 성장 기회 분석 리포트 - 기술별, 용량별, 용도별, 국가별

The South America gas turbine market size was valued at US$ 1,289.38 million in 2024 and is expected to reach US$ 1,715.48 million by 2031; it is estimated to record a CAGR of 4.30% from 2025 to 2031.

Natural gas has become an important component of South America's energy landscape, offering a cleaner alternative to fossil fuels such as coal and oil. The region experiences a continuous need to diversify its energy sources and decrease carbon emissions. As a result, it presents a key market for natural gas, with a progressively growing consumption. In 2023, the total demand for natural gas in the region was estimated at approximately ~25 billion cubic feet per day (bcfd), reflecting a ~1.4% annual growth compared to previous years; this growth can be attributed to industrial expansion and increasing dependence on gas for electricity generation in the region. Argentina's Vaca Muerta shale gas boom and Chile's energy transition from coal to gas are supporting gas-based power generation, propelling the demand for efficient gas turbines. The flexibility and efficiency of gas turbines make them suitable for balancing intermittent renewable energy sources such as wind and solar. Thus, the rising energy demand and power generation requirements across countries such as Brazil and Argentina boost the growth of the South America gas turbine market.

The power generation sector remains the primary application area for gas turbines, with widespread deployment in both centralized and distributed energy systems. Gas turbines are used for baseload, intermediate, and peaking power generation due to their high reliability, scalability, and operational flexibility. They harness the energy of pressurized gas, typically air, to generate power. They are particularly favored in countries aiming to transition away from coal by integrating cleaner-burning natural gas solutions. Gas turbines are well-suited for combined cycle power plants, which maximize fuel efficiency by recovering exhaust heat to generate additional electricity. Amid the continued growth in global electricity demand and emphasis on reducing carbon emissions, gas turbines offer a practical and efficient solution for modern power infrastructure. In June 2025, Gas Natural Acu (GNA), a joint venture between Siemens Energy Sip Brasil and BP, launched operations at its second power plant in Porto do Acu in northern Rio de Janeiro state. The project, which received ~US$ 1.2 billion (R$ 7 billion) in investments, is now the largest thermal power plant in operation in Brazil.

Mitsubishi Heavy Industries Ltd; Siemens AG; GE Vernova Inc.; Caterpillar Inc; Kawasaki Heavy Industries Ltd; Baker Hughes Co; Industrial Boilers America; Capstone Green Energy Holdings, Inc.; MTU Aero Engines AG; and Aurelia Turbines Oy are among the key South America gas turbine market players that are profiled in this market study.

The overall South America gas turbine market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the South America gas turbine market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the South America gas turbine market.

Table Of Contents

1. Introduction

• 1.1 Scope of the Study
• 1.2 Market Definition, Assumptions and Limitations
• 1.3 Market Segmentation

2. Executive Summary

• 2.1 Analyst Market Outlook
• 2.2 Market Attractiveness Analysis

3. Research Methodology

4. Gas Turbine Market Landscape

• 4.1 Overview
• 4.2 PEST Analysis
• 4.3 Ecosystem Analysis
  • 4.3.1 List of Vendors in the Value Chain

5. Gas Turbine Market - Key Market Dynamics

• 5.1 Key Market Drivers
• 5.2 Key Market Restraints
• 5.3 Key Market Opportunities
• 5.4 Future Trends
• 5.5 Impact Analysis of Drivers and Restraints

6. Gas Turbine Market - South America Market Analysis

• 6.1 Gas Turbine - South America Market Overview
• 6.2 Gas Turbine - South America Market and Forecast to 2031

7. Gas Turbine Market - Revenue Analysis (USD Million) - By Technology, 2021-2031

• 7.1 Overview
• 7.2 Open Cycle
• 7.3 Combined Cycle

8. Gas Turbine Market - Revenue Analysis (USD Million) - By Capacity, 2021-2031

• 8.1 Overview
• 8.2 Below 40 MW
• 8.3 40-120 MW
• 8.4 120-300 MW
• 8.5 Above 300 MW

9. Gas Turbine Market - Revenue Analysis (USD Million) - By Application, 2021-2031

• 9.1 Overview
• 9.2 Power Generation
• 9.3 Oil and Gas
• 9.4 Industrial

10. Gas Turbine Market - Revenue Analysis (USD Million), 2021-2031 - Country Analysis

• 10.1 South America
  • 10.1.1 South America Gas Turbine Market Overview
  • 10.1.2 South America Gas Turbine Market Revenue and Forecasts, 2021 - 2031
  • 10.1.3 South America Gas Turbine Market Revenue and Forecasts and Analysis - By Technology
  • 10.1.4 South America Gas Turbine Market Revenue and Forecasts and Analysis - By Capacity
  • 10.1.5 South America Gas Turbine Market Revenue and Forecasts and Analysis - By Application
  • 10.1.6 South America Gas Turbine Market Revenue and Forecasts and Analysis - By Countries
    • 10.1.6.1 Brazil Gas Turbine Market
      • 10.1.6.1.1 Brazil Gas Turbine Market, by Technology
      • 10.1.6.1.2 Brazil Gas Turbine Market, by Capacity
      • 10.1.6.1.3 Brazil Gas Turbine Market, by Application
    • 10.1.6.2 Argentina Gas Turbine Market
      • 10.1.6.2.1 Argentina Gas Turbine Market, by Technology
      • 10.1.6.2.2 Argentina Gas Turbine Market, by Capacity
      • 10.1.6.2.3 Argentina Gas Turbine Market, by Application
    • 10.1.6.3 Rest of South America Gas Turbine Market
      • 10.1.6.3.1 Rest of South America Gas Turbine Market, by Technology
      • 10.1.6.3.2 Rest of South America Gas Turbine Market, by Capacity
      • 10.1.6.3.3 Rest of South America Gas Turbine Market, by Application

11. Industry Landscape

• 11.1 Mergers and Acquisitions
• 11.2 Agreements, Collaborations, Joint Ventures
• 11.3 New Product Launches
• 11.4 Expansions and Other Strategic Developments

12. Competitive Landscape

• 12.1 Heat Map Analysis by Key Players
• 12.2 Company Positioning and Market Concentration, 2024

13. Gas Turbine Market - Key Company Profiles

• 13.1 General Electric
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Mitsubishi Heavy Industries, Ltd.
• 13.3 Kawasaki Heavy Industries, Ltd
• 13.4 Siemens AG
• 13.5 Capstone Green Energy Holdings Inc
• 13.6 Aurelia Turbines Oy
• 13.7 MTU Aero Engines AG
• 13.8 Industrial Boilers America
• 13.9 Caterpillar Inc
• 13.10 Baker Hughes

14. Appendix

• 14.1 Glossary
• 14.2 About The Insight Partners
• 14.3 Market Intelligence Cloud