Chapter 1. Preface
1.1 Report Description and Scope
1.2 Research Scope
1.3 Research Methodology
1.3.1 Market Research Type
1.3.2 Market Research Methodology
Chapter 2. Executive Summary
2.1 Global Gas Turbines Market, (2026 - 2035) (USD Billion)
2.2 Global Gas Turbines Market: Snapshot
Chapter 3. Global Gas Turbines Market - Industry Analysis
3.1 Gas Turbines Market: Market Dynamics
3.2 Market Drivers
3.2.1 The market is propelled by the AI-driven data center boom requiring 24/7 reliable power, the transition from coal to high-efficiency combined-cycle gas plants, and the need for fast-ramping backup to balance intermittent renewables.
3.3 Market Restraints
3.3.1 Expansion is limited by a "turbine crunch" with backlogs extending to 2029, the high concentration of specialized casting suppliers, and volatility in natural gas prices impacting long-term operational costs.
3.4 Market Opportunities
3.4.1 Significant potential lies in the development of 100% hydrogen-ready turbines, the integration of Carbon Capture, Utilization, and Storage (CCUS), and the emergence of small-scale modular turbines for decentralized industrial power.
3.5 Market Challenges
3.5.1 Key hurdles include managing the technical risk of "flashback" in hydrogen combustion, overcoming material shortages for high-temperature turbine blades, and navigating evolving carbon pricing policies that affect the competitiveness of fossil-based generation.
3.6 Porter’s Five Forces Analysis
3.7 Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Capacity
3.7.3 Market Attractiveness Analysis By Application
Chapter 4. Global Gas Turbines Market- Competitive Landscape
4.1 Company Market Share Analysis
4.1.1 Global Gas Turbines Market: Company Market Share, 2025
4.2 Strategic Development
4.2.1 Acquisitions & mergers
4.2.2 New Product launches
4.2.3 Agreements, partnerships, collaborations, and joint ventures
4.2.4 Research and development and regional expansion
4.3 Price Trend Analysis
Chapter 5. Global Gas Turbines Market - Type Analysis
5.1 Global Gas Turbines Market Overview: Type
5.1.1 Global Gas Turbines Market share, By Type, 2025 and 2035
5.2 Combined Cycle Turbines
5.2.1 Global Gas Turbines Market by Combined Cycle Turbines, 2026 - 2035 (USD Billion)
5.3 Open Cycle Turbines
5.3.1 Global Gas Turbines Market by Open Cycle Turbines, 2026 - 2035 (USD Billion)
Chapter 6. Global Gas Turbines Market - Capacity Analysis
6.1 Global Gas Turbines Market Overview: Capacity
6.1.1 Global Gas Turbines Market Share, By Capacity, 2025 and 2035
6.2 <50 MW
6.2.1 Global Gas Turbines Market by <50 MW, 2026 - 2035 (USD Billion)
6.3 50-300 MW
6.3.1 Global Gas Turbines Market by 50-300 MW, 2026 - 2035 (USD Billion)
6.4 300 MW
6.4.1 Global Gas Turbines Market by 300 MW, 2026 - 2035 (USD Billion)
Chapter 7. Global Gas Turbines Market - Application Analysis
7.1 Global Gas Turbines Market Overview: Application
7.1.1 Global Gas Turbines Market Share, By Application, 2025 and 2035
7.2 Power Generation
7.2.1 Global Gas Turbines Market by Power Generation, 2026 - 2035 (USD Billion)
7.3 Aerospace & Marine
7.3.1 Global Gas Turbines Market by Aerospace & Marine, 2026 - 2035 (USD Billion)
7.4 Oil & Gas
7.4.1 Global Gas Turbines Market by Oil & Gas, 2026 - 2035 (USD Billion)
7.5 Others
7.5.1 Global Gas Turbines Market by Others, 2026 - 2035 (USD Billion)
Chapter 8. Gas Turbines Market - Regional Analysis
8.1 Global Gas Turbines Market Regional Overview
8.2 Global Gas Turbines Market Share, by Region, 2025 & 2035 (USD Billion)
8.3 North America
8.3.1 North America Gas Turbines Market, 2026 - 2035 (USD Billion)
8.3.1.1 North America Gas Turbines Market, by Country, 2026 - 2035 (USD Billion)
8.3.2 North America Gas Turbines Market, by Type, 2026 - 2035
8.3.2.1 North America Gas Turbines Market, by Type, 2026 - 2035 (USD Billion)
8.3.3 North America Gas Turbines Market, by Capacity, 2026 - 2035
8.3.3.1 North America Gas Turbines Market, by Capacity, 2026 - 2035 (USD Billion)
8.3.4 North America Gas Turbines Market, by Application, 2026 - 2035
8.3.4.1 North America Gas Turbines Market, by Application, 2026 - 2035 (USD Billion)
8.4 Europe
8.4.1 Europe Gas Turbines Market, 2026 - 2035 (USD Billion)
8.4.1.1 Europe Gas Turbines Market, by Country, 2026 - 2035 (USD Billion)
8.4.2 Europe Gas Turbines Market, by Type, 2026 - 2035
8.4.2.1 Europe Gas Turbines Market, by Type, 2026 - 2035 (USD Billion)
8.4.3 Europe Gas Turbines Market, by Capacity, 2026 - 2035
8.4.3.1 Europe Gas Turbines Market, by Capacity, 2026 - 2035 (USD Billion)
8.4.4 Europe Gas Turbines Market, by Application, 2026 - 2035
8.4.4.1 Europe Gas Turbines Market, by Application, 2026 - 2035 (USD Billion)
8.5 Asia Pacific
8.5.1 Asia Pacific Gas Turbines Market, 2026 - 2035 (USD Billion)
8.5.1.1 Asia Pacific Gas Turbines Market, by Country, 2026 - 2035 (USD Billion)
8.5.2 Asia Pacific Gas Turbines Market, by Type, 2026 - 2035
8.5.2.1 Asia Pacific Gas Turbines Market, by Type, 2026 - 2035 (USD Billion)
8.5.3 Asia Pacific Gas Turbines Market, by Capacity, 2026 - 2035
8.5.3.1 Asia Pacific Gas Turbines Market, by Capacity, 2026 - 2035 (USD Billion)
8.5.4 Asia Pacific Gas Turbines Market, by Application, 2026 - 2035
8.5.4.1 Asia Pacific Gas Turbines Market, by Application, 2026 - 2035 (USD Billion)
8.6 Latin America
8.6.1 Latin America Gas Turbines Market, 2026 - 2035 (USD Billion)
8.6.1.1 Latin America Gas Turbines Market, by Country, 2026 - 2035 (USD Billion)
8.6.2 Latin America Gas Turbines Market, by Type, 2026 - 2035
8.6.2.1 Latin America Gas Turbines Market, by Type, 2026 - 2035 (USD Billion)
8.6.3 Latin America Gas Turbines Market, by Capacity, 2026 - 2035
8.6.3.1 Latin America Gas Turbines Market, by Capacity, 2026 - 2035 (USD Billion)
8.6.4 Latin America Gas Turbines Market, by Application, 2026 - 2035
8.6.4.1 Latin America Gas Turbines Market, by Application, 2026 - 2035 (USD Billion)
8.7 The Middle-East and Africa
8.7.1 The Middle-East and Africa Gas Turbines Market, 2026 - 2035 (USD Billion)
8.7.1.1 The Middle-East and Africa Gas Turbines Market, by Country, 2026 - 2035 (USD Billion)
8.7.2 The Middle-East and Africa Gas Turbines Market, by Type, 2026 - 2035
8.7.2.1 The Middle-East and Africa Gas Turbines Market, by Type, 2026 - 2035 (USD Billion)
8.7.3 The Middle-East and Africa Gas Turbines Market, by Capacity, 2026 - 2035
8.7.3.1 The Middle-East and Africa Gas Turbines Market, by Capacity, 2026 - 2035 (USD Billion)
8.7.4 The Middle-East and Africa Gas Turbines Market, by Application, 2026 - 2035
8.7.4.1 The Middle-East and Africa Gas Turbines Market, by Application, 2026 - 2035 (USD Billion)
Chapter 9. Company Profiles
9.1 GE Vernova
9.1.1 Overview
9.1.2 Financials
9.1.3 Product Portfolio
9.1.4 Business Strategy
9.1.5 Recent Developments
9.2 Siemens Energy
9.2.1 Overview
9.2.2 Financials
9.2.3 Product Portfolio
9.2.4 Business Strategy
9.2.5 Recent Developments
9.3 Mitsubishi Heavy Industries
9.3.1 Overview
9.3.2 Financials
9.3.3 Product Portfolio
9.3.4 Business Strategy
9.3.5 Recent Developments
9.4 Ansaldo Energia
9.4.1 Overview
9.4.2 Financials
9.4.3 Product Portfolio
9.4.4 Business Strategy
9.4.5 Recent Developments
9.5 Solar Turbines (Caterpillar)
9.5.1 Overview
9.5.2 Financials
9.5.3 Product Portfolio
9.5.4 Business Strategy
9.5.5 Recent Developments
9.6 Kawasaki Heavy Industries
9.6.1 Overview
9.6.2 Financials
9.6.3 Product Portfolio
9.6.4 Business Strategy
9.6.5 Recent Developments
9.7 Bharat Heavy Electricals Limited.
9.7.1 Overview
9.7.2 Financials
9.7.3 Product Portfolio
9.7.4 Business Strategy
9.7.5 Recent Developments
Frequently Asked Questions
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.