Gas Turbine Market Scope And Analysis

Report Code : TIPRE00010050
Category : Energy and Power

No. of Pages : 150

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Gas Turbine Market Scope, Analysis, and Trends by 2031

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Gas Turbine Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 21.67 Billion
Market Size by 2031	US$ 30.12 Billion
Global CAGR (2023 - 2031)	4.2%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Technology Open Cycle Combine Cycle By Capacity Below 40 MW 40-120 MW 120-300 MW Above 300 MW By Application Power Generation Oil and Gas Industrial
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Ansaldo Energia S p A General Electric Company Harbin Electric Company Limited Kawasaki Heavy Industries Ltd Man Energy Solutions Mitsubishi Heavy Industries Caterpillar Inc Siemens AG

Gas Turbine Market News and Recent Developments

The Gas Turbine Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Gas Turbine Market and strategies:

On April 2024, GE Vernova’s Gas Power business announced it had sealed an order from Korea Western Power Co., Ltd to deliver a GE Vernova H65 generator and a 7HA.02 gas turbine for KOWEPO’s power station in Gongju-si, Chungcheongnam-do Republic of Korea. (Source: GE, Press Release/Company Website/Newsletter)
On January 2024, GE Vernova and IHI Corporation collaborated on a project to develop a new gas turbine combustor that is anticipated to be capable of utilizing ammonia as a viable fuel option for power generation and also will be suitable with GE Vernova’s 7F and 9F and 6F.03 gas turbines. (Source: GE, Press Release/Company Website/Newsletter)

Gas Turbine Market Report Coverage and Deliverables

The “Gas Turbine Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed PEST analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles with SWOT analysis