가스 터빈 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 용량, 기술, 사이클, 부문, 지역별, 경쟁(2021-2031년)

The Global Gas Turbine Market is projected to expand from USD 30.64 Billion in 2025 to USD 42.92 Billion by 2031, achieving a CAGR of 5.78%. A gas turbine functions as an internal combustion engine that transforms the chemical energy stored in liquid or gaseous fuels-most commonly natural gas-into mechanical energy used to power electrical generators or industrial machinery. The global advancement of this technology is primarily driven by the rising demand for electricity in developing economies and the widespread shift from coal-fired power stations to cleaner natural gas options. Additionally, the growing incorporation of intermittent renewable energy sources into national grids has established a crucial need for the flexible and dispatchable power generation that gas turbines provide to maintain system stability.

One major obstacle hindering the market's conventional growth is the swift adoption of renewable energy technologies and the implementation of strict decarbonization mandates, which threaten the utilization rates of fossil fuel assets. This transition pushes gas turbines into a supportive rather than a dominant role in many developed regions and generates uncertainty regarding new large-scale infrastructure projects. According to Eurelectric, in 2024, clean power sources accounted for 72 percent of the European Union's electricity generation, a record figure that emphasizes the accelerating displacement of fossil fuel generation and the evolving necessity for turbines to operate mainly as flexible backup assets.

Market Driver

Rising Global Electricity Demand acts as the fundamental driver for the gas turbine market, requiring increased baseload and peak power output to sustain economic growth and electrification. Rapid industrial expansion in emerging markets, combined with the energy-intensive proliferation of data centers and electric vehicles, has placed significant stress on existing power infrastructure, compelling utilities to increase thermal generation capacity. According to the International Energy Agency's 'Electricity Mid-Year Update' from July 2024, global electricity demand is projected to grow by approximately 4 percent in 2024, the fastest rate since 2007 excluding the post-pandemic recovery. This surge in consumption directly necessitates higher utilization of current assets to ensure supply adequacy; the Energy Institute reported that global natural gas-fired electricity generation rose by 2.5 percent in 2024.

The Integration of Intermittent Renewable Energy further stimulates market activity by fundamentally changing the operational role of gas turbines toward providing essential grid balancing and stability services. As nations aggressively install variable wind and solar capacity, grid operators are increasingly relying on gas turbines to supply flexible, dispatchable backup power capable of rapid ramp-up during renewable energy shortfalls. This shift from baseload to peaking applications has revitalized equipment procurement as utilities upgrade fleets to handle high-cyclic operations. Consequently, major equipment manufacturers are seeing a surge in project bookings; for instance, Siemens Energy noted in their 'Earnings Release Q3 FY 2024' from August 2024 that Gas Services orders more than doubled year-over-year, reflecting the critical need for thermal backup in modernizing grids.

Market Challenge

The accelerated deployment of renewable energy technologies and the enforcement of rigorous decarbonization mandates are directly impeding the growth of the global gas turbine market. As governments and utilities prioritize the installation of wind and solar capabilities to meet net-zero targets, gas turbines are systematically being displaced from their traditional baseload generation roles. This transition forces gas assets to operate primarily as intermittent backup units to stabilize grid frequency, a shift that significantly reduces their utilization rates and revenue generation. Consequently, the financial feasibility of commissioning new, large-scale combined cycle gas turbine plants is diminishing, leading investors to reconsider long-term capital commitments to fossil fuel infrastructure that risks becoming stranded.

This structural constraint is evident in recent generation metrics which highlight how clean energy is absorbing market share. According to the International Energy Agency, global gas-fired electricity generation is projected to increase by only 1.3 percent in 2025. This limited expansion, occurring during a period of robust global electricity demand, indicates that renewable energy sources are capturing the vast majority of new consumption requirements, thereby restricting the gas turbine market largely to maintenance and replacement activities rather than new capacity growth.

Market Trends

The commercialization of hydrogen-capable and hydrogen-blended turbine architectures is reshaping the market as manufacturers seek to future-proof assets against tightening environmental regulations. Original Equipment Manufacturers (OEMs) are aggressively developing combustion systems capable of operating on high percentages of hydrogen, offering utilities a decarbonization pathway that preserves essential dispatchable generation capacity. This technological shift addresses the financial risk of stranded assets by ensuring that new and existing turbines can eventually transition from fossil natural gas to zero-carbon fuels without requiring complete infrastructure replacement. According to Kawasaki Heavy Industries, in the April 2024 press release 'GPB17MMX 1.8 MW Class Hydrogen Gas Turbine Wins Hydrogen Technology of the Year 2024', the company achieved a significant commercial milestone by receiving industry recognition for its 1.8 MW class gas turbine capable of 100 percent hydrogen fueling using novel dry-combustion technology.

The integration of Carbon Capture, Utilization, and Storage (CCUS) systems with gas turbines is simultaneously emerging as a critical trend to enable low-carbon baseload power. This development focuses on optimizing turbine exhaust streams, often through technologies like Exhaust Gas Recirculation (EGR), to increase carbon dioxide concentration and thereby lower the energy and capital intensity of the capture process. By coupling turbines with capture units, operators can continue to support energy-intensive applications while adhering to strict net-zero mandates that would otherwise preclude fossil-fuel operation. According to GE Vernova, in the October 2024 study 'Retrofittable Advanced Combined-Cycle Integration for Flexible Decarbonized Generation', the integration of an EGR system with a natural gas combined-cycle plant was found to reduce the total cost of the carbon capture facility by more than 6 percent.

Key Market Players

• Kawasaki Heavy Industries, Ltd.
• Siemens Energy AG
• Capstone Green Energy Corporation
• General Electric Group
• Ansaldo Energia S.p.A.
• Mitsubishi Heavy Industries, Ltd.
• United Engine Corporation
• Rolls-Royce plc
• Harbin Electric Machinery Company Limited
• Destinus OPRA B.V.

Report Scope

In this report, the Global Gas Turbine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Gas Turbine Market, By Capacity

• 200 MW
• >200 MW

Gas Turbine Market, By Technology

• Heavy Duty
• Light Industrial
• Aeroderivative

Gas Turbine Market, By Cycle

• Simple Cycle
• Combined Cycle

Gas Turbine Market, By Sector

• Power Utilities
• Oil & Gas
• Manufacturing
• Aviation
• Others

Gas Turbine Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Gas Turbine Market.

Available Customizations:

Global Gas Turbine Market report with the given market data, TechSci Research offers customizations according to a 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).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Gas Turbine Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Capacity (200 MW, >200 MW)
  • 5.2.2. By Technology (Heavy Duty, Light Industrial, Aeroderivative)
  • 5.2.3. By Cycle (Simple Cycle, Combined Cycle)
  • 5.2.4. By Sector (Power Utilities, Oil & Gas, Manufacturing, Aviation, Others)
  • 5.2.5. By Region
  • 5.2.6. By Company (2025)
• 5.3. Market Map

6. North America Gas Turbine Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Capacity
  • 6.2.2. By Technology
  • 6.2.3. By Cycle
  • 6.2.4. By Sector
  • 6.2.5. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Gas Turbine Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Capacity
      • 6.3.1.2.2. By Technology
      • 6.3.1.2.3. By Cycle
      • 6.3.1.2.4. By Sector
  • 6.3.2. Canada Gas Turbine Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Capacity
      • 6.3.2.2.2. By Technology
      • 6.3.2.2.3. By Cycle
      • 6.3.2.2.4. By Sector
  • 6.3.3. Mexico Gas Turbine Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Capacity
      • 6.3.3.2.2. By Technology
      • 6.3.3.2.3. By Cycle
      • 6.3.3.2.4. By Sector

7. Europe Gas Turbine Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Capacity
  • 7.2.2. By Technology
  • 7.2.3. By Cycle
  • 7.2.4. By Sector
  • 7.2.5. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Gas Turbine Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Capacity
      • 7.3.1.2.2. By Technology
      • 7.3.1.2.3. By Cycle
      • 7.3.1.2.4. By Sector
  • 7.3.2. France Gas Turbine Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Capacity
      • 7.3.2.2.2. By Technology
      • 7.3.2.2.3. By Cycle
      • 7.3.2.2.4. By Sector
  • 7.3.3. United Kingdom Gas Turbine Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Capacity
      • 7.3.3.2.2. By Technology
      • 7.3.3.2.3. By Cycle
      • 7.3.3.2.4. By Sector
  • 7.3.4. Italy Gas Turbine Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Capacity
      • 7.3.4.2.2. By Technology
      • 7.3.4.2.3. By Cycle
      • 7.3.4.2.4. By Sector
  • 7.3.5. Spain Gas Turbine Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Capacity
      • 7.3.5.2.2. By Technology
      • 7.3.5.2.3. By Cycle
      • 7.3.5.2.4. By Sector

8. Asia Pacific Gas Turbine Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Capacity
  • 8.2.2. By Technology
  • 8.2.3. By Cycle
  • 8.2.4. By Sector
  • 8.2.5. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Gas Turbine Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Capacity
      • 8.3.1.2.2. By Technology
      • 8.3.1.2.3. By Cycle
      • 8.3.1.2.4. By Sector
  • 8.3.2. India Gas Turbine Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Capacity
      • 8.3.2.2.2. By Technology
      • 8.3.2.2.3. By Cycle
      • 8.3.2.2.4. By Sector
  • 8.3.3. Japan Gas Turbine Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Capacity
      • 8.3.3.2.2. By Technology
      • 8.3.3.2.3. By Cycle
      • 8.3.3.2.4. By Sector
  • 8.3.4. South Korea Gas Turbine Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Capacity
      • 8.3.4.2.2. By Technology
      • 8.3.4.2.3. By Cycle
      • 8.3.4.2.4. By Sector
  • 8.3.5. Australia Gas Turbine Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Capacity
      • 8.3.5.2.2. By Technology
      • 8.3.5.2.3. By Cycle
      • 8.3.5.2.4. By Sector

9. Middle East & Africa Gas Turbine Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Capacity
  • 9.2.2. By Technology
  • 9.2.3. By Cycle
  • 9.2.4. By Sector
  • 9.2.5. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Gas Turbine Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Capacity
      • 9.3.1.2.2. By Technology
      • 9.3.1.2.3. By Cycle
      • 9.3.1.2.4. By Sector
  • 9.3.2. UAE Gas Turbine Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Capacity
      • 9.3.2.2.2. By Technology
      • 9.3.2.2.3. By Cycle
      • 9.3.2.2.4. By Sector
  • 9.3.3. South Africa Gas Turbine Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Capacity
      • 9.3.3.2.2. By Technology
      • 9.3.3.2.3. By Cycle
      • 9.3.3.2.4. By Sector

10. South America Gas Turbine Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Capacity
  • 10.2.2. By Technology
  • 10.2.3. By Cycle
  • 10.2.4. By Sector
  • 10.2.5. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Gas Turbine Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Capacity
      • 10.3.1.2.2. By Technology
      • 10.3.1.2.3. By Cycle
      • 10.3.1.2.4. By Sector
  • 10.3.2. Colombia Gas Turbine Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Capacity
      • 10.3.2.2.2. By Technology
      • 10.3.2.2.3. By Cycle
      • 10.3.2.2.4. By Sector
  • 10.3.3. Argentina Gas Turbine Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Capacity
      • 10.3.3.2.2. By Technology
      • 10.3.3.2.3. By Cycle
      • 10.3.3.2.4. By Sector

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Gas Turbine Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Kawasaki Heavy Industries, Ltd.
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Siemens Energy AG
• 15.3. Capstone Green Energy Corporation
• 15.4. General Electric Group
• 15.5. Ansaldo Energia S.p.A.
• 15.6. Mitsubishi Heavy Industries, Ltd.
• 15.7. United Engine Corporation
• 15.8. Rolls-Royce plc
• 15.9. Harbin Electric Machinery Company Limited
• 15.10. Destinus OPRA B.V.

16. Strategic Recommendations

17. About Us & Disclaimer