Global Gas Turbines Market to Witness Impressive Growth, Revenue to Surge to USD 22.9 Billion By 2028

05-Jul-2021 | Zion Market Research

The global Gas turbine market accounted for USD 15.9 Billion in 2020 and is expected to reach USD 22.9 Billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028.         

The Gas Turbines market report includes comprehensive and profound analysis on the global and regional level. The report gives historic data of 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Billion). The study comprises drivers, restraints, and opportunities in the Gas Turbines market along with the impact on the demand over the forecast period.

The report provides the complete view of the Gas Turbines market and encompasses detailed type portfolio and strategic developments of key vendors. To know the competitive landscape of the Gas Turbines market, an analysis of Porter’s five forces model is done. The study cover market attractiveness analysis, in which design type, application, and rated capacity segments are specialized based on the market size, growth rate, and attractiveness. . The rated capacity is segmented into 1 To 40 MW, 40 To 120 MW, 120 To 300 MW, and above 300 MW.

All the segments have been analyzed based on existing and future trends and the market is projected from 2016 to 2028. The regional segmentation includes the present and forecast demand for North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa.

Of all the regional segments of the worldwide gas turbines market, the leading share in the overall market was held by Asia Pacific in 2015. This supremacy is mainly observed owing to the enormous population and elevated demand for electricity in this region. India and China are the most crowded nations in this region. In 2020, China alone utilized over more than 20% electricity in the world. Power production in Asia Pacific was backed by their massive amount of natural resources.

Some of the major players active in the Gas Turbines market comprise Siemens AG, Alstom S.A, Bharat Heavy Electricals Limited, Mitsubishi Hitachi Power Systems, General Electric Company, AnsaldoEnergia S.P.A and among others. Players operating in Gas Turbines market mainly aim on merger and acquirement strategy so as to enhance its market status.

Browse the full Gas turbine Market by Design Type (Heavy duty and Aero-derivative), Application (Oil & Gas, Power generation, and Others), By Rated Capacity (1 to 40 MW, 40 to 120 MW, 120 to 300 MW, Above 300 MW): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at

The report segments the Gas Turbines market into:

By Design Type

  • Heavy duty
  • Aero-derivative

By Application

  • Oil & Gas
  • Power generation
  • Others

 By Rated Capacity

  • 1 to 40 MW
  • 40 to 120 MW
  •  120 to 300 MW
  • Above 300 MW

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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