Gas Turbine Market Forecast 2025-2034

The annual Gas Turbine Market Forecast tracks new equipment sales (by OEMs and by gas turbine models) for industrial gas turbines with power outputs ranging from 1MW to over 550MW. Produced in partnership with McCoy Power Reports and Dora Partners, our Global Gas Turbine Market Forecast is based on industry experience, unique database, field interviews, and in-depth expert analysis.

Updated annually to assess the impact of changing industry demand and supply on near-term and long range market potential, product sales, engineering, R&D, manufacturing, scheduling, staffing, budgeting and operations.

The Gas Turbine Market Forecast is used to size the addressable market; identify key trends, risks, and market drivers; and uncover new business opportunities in strategic growth areas. Our customers include gas turbine OEMs, supply-chain equipment vendors, aftermarket providers, and the investment community.

Scope of coverage:

Current market share (installed base) and projected sales by unit for the following OEMs: GE Vernova, Siemens Energy, Mitsubishi Power, Ansaldo Energia, Baker Hughes, Solar Turbines, United Engine Corp, IHI Power Systems, Kawasaki Heavy Industries, KMPO, MAN Turbo, Zorya Mashproekt, Mapna, and Doosan.

Research Scope:

GTW's Forecast Team tracks sales and analyzes market performance of every key OEM and gas turbine model. More than 50 interviews and hundreds of research hours go into producing the Gas Turbine Market Forecast. Published annually in Q2, the report accounts for all sales through the previous calendar year.