Global gas turbine market size to witness remunerative growth through 2025

The latest research report on ‘global gas turbine market’ scrutinizes the past and current development data to define future market size, market share, and projected values of this industry over 2020-2025. It sheds light on how the available opportunities can be exploited for stronger returns over the forecast period.

Selbyville, Delaware, Feb. 11, 2021 (GLOBE NEWSWIRE) -- According to reliable sources, worldwide gas turbine market valuation reached USD 17050.05 million in 2019 and is expected to grow substantially during 2020-2025. Stringent regulations regarding carbon emissions along with favorable government policies on energy conservation are augmenting the industry growth.

As per the research document, global gas turbine industry is extensively studied in terms of product type, technology landscape, and application spectrum. Proceeding further, it attempts to uncover the competitive hierarchy by profiling the leading players and the strategies employed by them. Additionally, Covid-19 impact assessment is incorporated in the report for a stronger realization of the growth prospects.

Moreover, growth of power generation, and oil & gas sector, together with rapid industrialization in both developed and developed nations will augment the industry growth. Further, shifting preference towards renewables from conventional oil powered energy sources is positively impacting the business outlook. Besides, expected spike in consumer demand and investment by private and public sector in small and medium sized industries will accelerate the overall gas turbine industry expansion.

Request Sample copy of this Report @

Speaking of the Covid-19 impact, although challenges in supply-demand and manufacturing have affected top-level players, the industry is expected to register tremendous growth post the pandemic. Volatility in oil pricing in recent times, along with benefits of natural-gas fired turbines such as high power density, quality exhaust stream, and low operational costs will continue to strengthen the product demand. Moreover, gas turbines are highly efficient and produce lower emission in comparison to combustion-based power generation technologies, which further encourages their adoption.

Product terrain:

Global gas turbine market, based on the product terrain, is bifurcated into aeroderivative gas turbine and heavy duty gas turbine, among which, the latter is expected to grow significantly in the upcoming years. Factors such as economic cost structure, lower pressure ratios that output maximum specific power, high capacity operations, and relatively small footprint are encouraging the deployment of heavy duty gas turbines across utility aided and heat recovery power generating plants.

Regional outlook:

Global gas turbine industry size spans across Americas, MEA, Europe, and Asia Pacific. Industry experts claim that APAC market is slated to record strong growth over the forecast timeline owing to soaring energy demand which is driving the sales of industrial products. Moreover, low production cost in Asian countries, rapid industrialization, and rising investment by manufacturers in developing nations like India and China are fostering the industry expansion in APAC.

To access a sample copy or view this report in detail along with the table of contents, please click the link below:

Global Gas Turbine Market Product Types [Value (USD Million), 2015-2025]

  • Aeroderivative Gas Turbine
  • Heavy Duty Gas Turbine

Global Gas Turbine Market Technology Sub-Segments [Value (USD Million), 2015-2025]

  • Open Cycle Gas Turbine
  • Combined Cycle Gas Turbine

Global Gas Turbine Market Application Spectrum [Value (USD Million), 2015-2025]

  • Oil & Gas
  • Power
  • Others

Global Gas Turbine Market Regional Fragmentation [Value (USD Million), 2015-2025]


  • United States
  • Brazil
  • Mexico


  • Russia
  • Germany

Asia Pacific

  • India
  • Japan
  • China
  • South Korea

Middle East & Africa

  • Saudi Arabia

Global Gas Turbine Market Competitive Dashboard [Value (USD Million), 2015-2025]

  • Centrax Gas Turbines
  • OPRA Turbine
  • Capstone Turbine Corporation
  • Kawasaki Heavy Industries Limited
  • Caterpillar Incorporated
  • Mitsubishi Heavy Industries Limited
  • Siemens AG
  • Ansaldo Energia S.p.A.
  • Bharat Heavy Electricals Limited
  • General Electric Company

Related Report:

Offshore Wind Turbine Market Size, Industry Analysis Report, Regional Outlook, Competitive Market Share & Forecast, 2020 - 2026

The offshore wind turbine market is anticipated to witness a lucrative growth over the forthcoming years owing to the global shift towards renewable energy and increasing R&D by key market players. Offshore wind speeds have a tendency to flow faster than on land as there are no obstructions that slow the wind down. Small increases in wind speed generally results in large upsurges in energy production. In fact, a turbine standing in a 15-mph wind is capable of generating double the amount of energy as a turbine in a 12-mph wind. Since wind speeds are faster offshore, more energy can be produced through offshore wind farms, creating a demand for offshore wind turbines. Additionally, offshore wind speeds are also steadier than on land, which makes for a much more reliable source of energy.

About US:

Market Study Report, LLC. is a hub for market intelligence products and services.

We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.

Our customers partner with Market Study Report, LLC. to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.

If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, LLC. is the platform that can help you in achieving any of these objectives.


Contact Data