A gas turbine, also called a combustion turbine, is a type of internal combustion engine. It has an upstream rotating compressor coupled to a downstream turbine, and a combustion chamber or area, called a combustor, in between.
This report contains market size and forecasts of Gas Turbine in global, including the following market information:
Global Gas Turbine Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Gas Turbine Market Sales, 2017-2022, 2023-2028, (Units)
Global top five Gas Turbine companies in 2021 (%)
The global Gas Turbine market was valued at 20700 million in 2021 and is projected to reach US$ 39010 million by 2028, at a CAGR of 9.5% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Heavy Duty Gas Turbine Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Gas Turbine include General Electric, Siemens, Mitsubishi Hitachi Power Systems, Wood Group, Kawasaki Heavy Industries, Solar Turbines, Ansaldo Energia, MTU Aero Engines and Sulzer, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Gas Turbine manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Gas Turbine Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Gas Turbine Market Segment Percentages, by Type, 2021 (%)
Heavy Duty Gas Turbine
Aeroderivative Gas Turbine
Light Duty Gas Turbine
Global Gas Turbine Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Gas Turbine Market Segment Percentages, by Application, 2021 (%)
Power Generation
Oil & Gas
Other
Global Gas Turbine Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (Units)
Global Gas Turbine Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Gas Turbine revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Gas Turbine revenues share in global market, 2021 (%)
Key companies Gas Turbine sales in global market, 2017-2022 (Estimated), (Units)
Key companies Gas Turbine sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
General Electric
Siemens
Mitsubishi Hitachi Power Systems
Wood Group
Kawasaki Heavy Industries
Solar Turbines
Ansaldo Energia
MTU Aero Engines
Sulzer
MAN Diesel and Turbo
MJB International
Proenergy Services
MAN Energy
BHEL