Aeroderivative Gas Turbine Market Size – By Capacity, By Technology, By Application, Analysis, Share, Growth Forecast, 2024 – 2032

Aeroderivative Gas Turbine Market Size

The global aeroderivative gas turbine market was valued at USD 3.2 billion in 2023 and is estimated to grow at a CAGR of 6.3% from 2024 to 2032. The shift toward integrating renewable energy resources along with a strong focus on energy efficiency standards will drive the adoption of these turbine units. Increasing global energy demand combined with substantial investments in natural gas extraction and trade will create a favorable environment for industry.
 

Aeroderivative gas turbines are lightweight, high-performance turbines originally derived from aircraft jet engines and adapted for stationary applications comprising of power generation, mechanical drive, and marine propulsion. They are known for their quick start-up times, fuel flexibility, and high efficiency, these turbines are widely used in both grid-connected and standalone power systems. The ongoing re-structuring across the key power markets coupled with rapid technological enhancements including the field of combustion, aerodynamics, cooling and materials will shape the product landscape.
 

Aeroderivative Gas Turbine Market Trends

The aeroderivative gas turbine industry will experience notable growth owing to the robust expansion and development manufacturing practices in line with of increasing focus toward sustainable energy development. Favorable policies implemented by the regulatory bodies including subsidies, tax rebates, and incentives along with increasing investments in regenerative gas turbine facilities will stimulate the product demand. Growing investments across the aviation industry coupled with the deployment of modern technologies in gas-fired turbines will foster product adoption.
 

Aeroderivative Gas Turbine Market Analysis

The combined cycle aeroderivative gas turbine market size will exceed USD 4.5 billion by 2032. The ongoing development of co-generating systems to sustain heat & energy consumption across industrial, commercial, and outlying grid network facilities will augment technological adoption. Furthermore, government initiatives & policies to curb carbon footprints in line with prolific natural gas reserves will escalate gas turbine adoption. The increasing shale supply on account of heavy exploration and production facilities in line with low carbon emissions when compared to other fossil fuels will significantly impact the business growth.
 

The power plant aeroderivative gas turbine market size will witness about 6% growth rate from 2024 to 2032. Rapid industrialization along with stringent energy efficiency mandates have compelled industries to deploy effective power generating systems, accelerating the business potential. Furthermore, the rising demand for manufactured goods has increased the expansion of processing and manufacturing plants across the globe, which in turn, will influence the enlargement of self-regulated units.
 

U.S. aeroderivative gas turbine market is set to reach over USD 400 million by 2032. Increasing demand for flexible & efficient power generation solutions and the ongoing transition toward clean fuel sources will escalate the business outlook. These turbines are favored for their ability to operate on a variety of fuels including natural gas and hydrogen, while maintaining low emissions profiles. The aviation industry has gained significant momentum owing to increasing migrant & tourism mobilization in line with growing traveling and living standards across major economies.
 

The Asia Pacific aeroderivative gas turbine market will witness a substantial growth owing to the increasing energy demand, industrialization and the push for cleaner energy alternatives. Increasing focus toward replacement of inefficient coal fired power plants along with increasing pressure to meet international climate commitments will escalate the shift toward gas-fired alternatives. The rising emphasis on renewable energy integration coupled with the need for reliable backup power to accommodate intermittent generation sources will further escalate the adoption of these turbines.
 

Aeroderivative Gas Turbine Market Share

The global aeroderivative gas turbine market is characterized by robust competition between established industry leaders and new entrants, each striving to gain market share in a rapidly advancing field. Major players focus on technological innovation, introducing high-efficiency, lightweight turbine solutions with enhanced operational flexibility and low emission capabilities. Market dynamics are further fueled by a growing demand for cleaner energy options, strict emissions regulations, and the need for cost-effective solutions in both industrial and power generation applications.
 

Aeroderivative Gas Turbine Market Companies

Major players operating in the aeroderivative gas turbine industry are:

• Ansaldo Energia
• Baker Hughes
• Capstone Green Energy
• Collins Aerospace
• Destinus Energy
• Doosan Enerbility
• General Electric
• Harbin Electric
• Honeywell International
• IHI
• Kawasaki Heavy Industries
• MAN Energy Solutions
• Mitsubishi Heavy Industries
• Nanjing Turbine & Electric Machinery
• Pratt & Whitney
• Rolls-Royce
• Safran
• Siemens Energy
• Vericor
• Wartsila
   

Aeroderivative Gas Turbine Industry News

• In March 2024, Doosan Enerbility officially entered the aircraft engine development sector, building on its expertise from gas turbine technology for power generation. The company plans to leverage its advanced design, materials, and high-temperature endurance capabilities to develop aircraft engines, focusing initially on unmanned aerial vehicles (UAVs). Doosan is participating in a government-led project to develop a 10,000 lbf gas turbine engine for UAVs, targeting basic design completion by 2027. It is also involved in conceptual designs for advanced aircraft engines, contributing to Korea's fighter jet engine technology development.
   
• In May 2024, Baker Hughes, in collaboration with Tecnimont (MAIRE), was awarded a contract to provide 20 compression trains to enhance gas production at the Hassi R’Mel gas field in Algeria. Equipped with Frame 5 gas turbines and BCL compressors, these trains will be deployed across three gas-boosting stations to improve gas output and stabilize pressure, ensuring a steady supply for both Algeria and Europe. This initiative is part of a broader strategic cooperation under the Mattei Plan, focused on strengthening energy ties between Algeria and Italy, while also enhancing Europe’s energy security and supporting Algeria’s economy.
   

This aeroderivative gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (MW) & revenue (USD Million) from 2021 to 2032, for the following segments:

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Market, By Capacity

• ≤ 50 kW
• > 50 to 500 kW
• > 500 kW to 1 MW
• > 1 to 30 MW
• > 30 to 70 MW
• > 70 MW

Market, By Technology

• Open Cycle
• Combined Cycle

Market, By Application

• Power Plants
• Oil & Gas
• Process Plants
• Aviation
• Marine
• Others

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • UK
  • France
  • Germany
  • Russia
  • Italy
  • Netherlands
  • Denmark
  • Poland
  • Sweden
• Asia Pacific
  • China
  • Australia
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Egypt
  • Türkiye
  • Iraq
  • South Africa
  • Algeria
• Latin America
  • Brazil
  • Argentina
  • Chile