Global Gas Turbines Market For Power Industry 2026-2030

Description

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

CCGT
OCGT

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
- US
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Spain
- The Netherlands
Middle East and Africa
- UAE
- South Africa
- Turkey
South America
- Brazil
- Argentina
- Chile
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.

Product Code: IRTNTR44562

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
- Market segments
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
- Companies covered
16.2 Company ranking index
- 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
- Research methodology
17.5 Data procurement
- Information sources
17.6 Data validation
- Data validation
17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
17.8 Data synthesis
- Data synthesis
17.9 360 degree market analysis
- 360 degree market analysis
17.10 List of abbreviations
- List of abbreviations