Gas Turbine Market Size, Scope, and Share by 2031
Gas Turbine Market: Strategic Insights
Gas Turbine Market
-
CAGR (2023 - 2031)4.2% -
Market Size 2023
US$ 21.67 Billion -
Market Size 2031
US$ 30.12 Billion
Market Dynamics
GROWTH DRIVERS
- Rising Demand for Distributed Power Generation Technologies
FUTURE TRENDS
- Growing Application of Gas Turbines in the Aviation Industry
OPPORTUNITIES
- Rising Concerns Regarding Greenhouse Gas Emission is Expected to be the Prime Driver for Gas Turbine Market
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Open Cycle
- Combine Cycle
Capacity
- Below 40 MW
- 40-120 MW
- 120-300 MW
- Above 300 MW
Application
- Power Generation
- Oil and Gas
- Industrial