Gas Turbines Market Size, Share & Trends Analysis Report By Type, By Capacity, By Application, By Region And Segment Forecasts 2026 – 2035

Gas turbines are engines that convert fuel into mechanical energy through combustion, used for power generation, propulsion, and industrial processes with high efficiency and flexibility.

Key factors include emission regulations, hydrogen adoption, renewable integrations, and industrial expansions.

The gas turbines market is projected to grow from approximately USD 25.4 billion in 2026 to USD 64.8 billion by 2035.

The CAGR for the gas turbines market during 2026-2035 is expected to be around 11.2%, driven by energy transitions.

North America will contribute notably, accounting for over 35% of the market value, led by natural gas in the United States.

Major players include GE Vernova, Siemens Energy, Mitsubishi Heavy Industries, Ansaldo Energia, Solar Turbines (Caterpillar), Kawasaki Heavy Industries, and Bharat Heavy Electricals Limited.

The global gas turbines market report provides insights into size, segmentation, dynamics, regional analysis, players, trends, and forecasts.

The value chain includes component sourcing, turbine manufacturing, assembly, installation, and maintenance services.

Market trends are evolving toward hydrogen and modular designs, with preferences shifting to efficient, low-emission solutions for power and aerospace.

Regulatory factors include emission standards like Euro 7, while environmental factors involve decarbonization mandates, driving hydrogen innovations but increasing costs.