Process Plants Gas Turbine Global Market Report 2026

A process plants gas turbine is a combustion engine that transforms fuel into mechanical energy to generate electricity and support industrial operations. It operates by compressing air, mixing it with fuel, and igniting the mixture to produce high-energy gases that drive the turbine. These turbines play a crucial role in ensuring efficient and reliable power generation within process plant environments.

The key types of process plants gas turbines include aero-derivative gas turbines and heavy-duty gas turbines. Aero-derivative gas turbines are lightweight, high-speed units derived from aircraft engines, providing flexible and fast-start power solutions for various industrial applications. The turbines utilize different fuel types, including natural gas, distillate liquid, and dual fuel, and operate using technologies such as open cycle and combined cycle. They are available in several capacity ranges, including less than 50 kilowatts, 50 kilowatts to 500 kilowatts, 500 kilowatts to 1 megawatt, 1 megawatt to 30 megawatts, and above 30 megawatts, and are used across multiple sectors such as oil and gas, chemicals and petrochemicals, power generation, water and wastewater treatment, metals and mining, and pulp and paper.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are significantly impacting the process plants gas turbine market by increasing the cost of imported turbine components such as compressors, blades, control systems, and auxiliary equipment required for industrial installations. Process plants in regions such as Asia-Pacific, the Middle East, and Latin America are most affected due to their dependence on imported heavy-duty and aero-derivative gas turbines. These tariffs are leading to higher capital expenditure and longer procurement cycles for industrial power projects. At the same time, they are encouraging localized turbine assembly, regional supplier development, and strategic partnerships to reduce import dependence while improving long-term supply chain resilience.

The process plants gas turbine market research report is one of a series of new reports from The Business Research Company that provides process plants gas turbine market statistics, including process plants gas turbine industry global market size, regional shares, competitors with a process plants gas turbine market share, detailed process plants gas turbine market segments, market trends and opportunities, and any further data you may need to thrive in the process plants gas turbine industry. This process plants gas turbine market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The process plants gas turbine market size has grown strongly in recent years. It will grow from $2.36 billion in 2025 to $2.52 billion in 2026 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to expansion of industrial process plants, growth in captive power generation, increasing use of gas-based power systems, availability of heavy-duty turbine technology, rising demand for reliable on-site power.

The process plants gas turbine market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing adoption of low-emission turbine technologies, rising investments in industrial energy efficiency, expansion of hybrid power generation systems, growing use of digital predictive maintenance, increasing focus on fuel flexibility. Major trends in the forecast period include increasing deployment of high-efficiency combined cycle turbines, growing adoption of digital turbine monitoring systems, rising demand for flexible fuel gas turbines, expansion of modular gas turbine installations, enhanced focus on operational reliability.

The growing infrastructure development is expected to support the growth of the process plants gas turbine market going forward. Infrastructure development refers to the construction and improvement of essential physical facilities and systems that enable industrial operations and economic activities. The increase in infrastructure development is influenced by federal policy initiatives and favorable financing conditions, as lower interest rates reduce project financing costs and encourage both public and private sector investments in construction projects. The expansion of infrastructure projects increases the demand for gas turbines, as these systems are vital for providing reliable power generation and mechanical drive applications in newly established process plants and industrial facilities. For instance, in June 2025, according to the United States Energy Information Administration, a federal agency, developers plan to add 18.7 gigawatts of combined-cycle capacity to the grid by 2028, with 4.3 gigawatts already under construction. Therefore, the growing infrastructure development is supporting the growth of the process plants gas turbine market.

Key players in the process plants gas turbine market are prioritizing the development of advanced technologies, such as domestic gas turbines with digital integration, to enhance efficiency, minimize emissions, and improve operational reliability. Domestic gas turbines with digital integration refer to locally manufactured turbines embedded with intelligent monitoring and control systems that optimize performance, maintenance, and energy output. For example, in October 2024, Technopromexport, a subsidiary of Rostec, a Russia-based power infrastructure enterprise, commissioned the third generating unit at the Udarnaya thermal power plant in Krasnodar Krai, featuring the GTD-110M turbine. The unit achieved a peak power output of 115 MW and successfully completed extensive testing, including 72 hours of continuous full-load operation, confirming its reliability and seamless integration into Russia's Unified Energy System. The domestic turbine's design prioritizes high fuel efficiency, reduced weight, and compact dimensions compared to imported alternatives, while leveraging advanced digital technologies such as additive manufacturing for key components like swirlers within the low-emission combustion chamber.

In March 2025, GE Vernova Inc., a US-based electric services company, acquired Woodward Inc. for an undisclosed amount. Through this acquisition, GE Vernova Inc. aims to enhance its domestic gas turbine manufacturing capabilities, expand its supply chain network, and address the increasing global demand for reliable energy solutions. Woodward Inc. is a US-based company that provides advanced control solutions for gas turbines used in power generation, oil, and gas applications.

Major companies operating in the process plants gas turbine market are Siemens Energy Aktiengesellschaft, General Electric Vernova, Inc., Mitsubishi Electric Corporation, Caterpillar Inc. (Turbomach S.A.), Baker Hughes Company, Rolls-Royce Holdings plc, MAN Energy Solutions, IHI Corporation, Kawasaki Heavy Industries, Ltd., Wartsila Oyj Abp, Doosan Group, Harbin Electric Company Limited, Shanghai Electric Group Company Limited, Nanjing Turbine & Electric Machinery Co., Ltd., Bharat Heavy Electricals Limited, Centrax Gas Turbines Ltd., Capstone Green Energy Holdings, Inc., OPRA Turbines B.V., Vericor Power Systems LLC, Enerflex Ltd., Flex Energy Solutions, Inc., Hanwha Power Systems Co., Ltd.

Asia-Pacific was the largest region in the process plants gas turbine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the process plants gas turbine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the process plants gas turbine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The process plants gas turbine market consists of revenues earned by entities by providing services such as installation, training, fuel management, remote monitoring, emission control, and efficiency auditing. The market value includes the value of related goods sold by the service provider or included within the service offering. The process plants gas turbine market consists of sales of auxiliary equipment, control systems, filters, compressors, combustion chambers, cooling systems, and exhaust systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Process Plants Gas Turbine Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses process plants gas turbine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for process plants gas turbine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The process plants gas turbine market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Aero-Derivative Gas Turbines; Heavy-Duty Gas Turbines
• 2) By Fuel Type: Natural Gas; Distillate Liquid; Dual Fuel
• 3) By Technology: Open Cycle; Combined Cycle
• 4) By Capacity: 1 Megawatt (MW) To 30 Megawatt (MW); Above 30 Megawatt (MW)
• 5) By Application: Oil And Gas; Chemicals And Petrochemicals; Water And Wastewater Treatment; Metals And Mining; Pulp And Paper
• Subsegments:
• 1) By Aero-Derivative Gas Turbines: Single-Shaft Gas Turbines; Two-Shaft Gas Turbines; Industrial Gas Turbines
• 2) By Heavy-Duty Gas Turbines: Frame Gas Turbines; Industrial Gas Turbines; Combined Cycle Gas Turbines; Simple Cycle Gas Turbines
• Companies Mentioned: Siemens Energy Aktiengesellschaft; General Electric Vernova, Inc.; Mitsubishi Electric Corporation; Caterpillar Inc. (Turbomach S.A.); Baker Hughes Company; Rolls-Royce Holdings plc; MAN Energy Solutions; IHI Corporation; Kawasaki Heavy Industries, Ltd.; Wartsila Oyj Abp; Doosan Group; Harbin Electric Company Limited; Shanghai Electric Group Company Limited; Nanjing Turbine & Electric Machinery Co., Ltd.; Bharat Heavy Electricals Limited; Centrax Gas Turbines Ltd.; Capstone Green Energy Holdings, Inc.; OPRA Turbines B.V.; Vericor Power Systems LLC; Enerflex Ltd.; Flex Energy Solutions, Inc.; Hanwha Power Systems Co., Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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