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Asia Pacific Aeroderivative Gas Turbine Market Size
The Asia Pacific aeroderivative gas turbine market was valued at USD 1.02 billion in 2024 and is estimated to grow at a CAGR of 6.7% from 2025 to 2034. These engines have become important in power generation facilities driven by the rapid evolution of major power markets and significant technological advancements in combustion, aerodynamics, cooling systems and materials engineering. Increasing demand for energy efficiency, renewable integration, and decentralized power generation will energize the business dynamics.
An aeroderivative gas turbine is a gas turbine engine designed to merge the efficiency and performance of jet engines with the adaptability and compactness needed for power generation and industrial use. These turbines provide high power density, delivering substantial power output within a compact footprint. Growing environmental concerns along with stringent government regulations targeting emissions reduction have driven industries to implement proactive energy-saving strategies.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 1.02 Billion |
| Forecast Period: | 2025 – 2034 |
| Forecast Period 2025 – 2034 CAGR: | 6.7% |
| 2025 – 2034 Value Projection: | USD 1.85 Billion |
| Historical Data for: | 2021 to 2024 |
| No. of Pages: | 90 |
| Tables, Charts & Figures: | 8 |
| Segments covered: | Capacity, Technology, Application and Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Asia Pacific Aeroderivative Gas Turbine Market Trends
The growing emphasis on integrating renewable energy sources coupled with a strong focus on improving energy efficiency is set to drive demand for gas turbines. Rising energy needs and significant investments in natural gas extraction and trade will foster a favorable economic environment. Additionally, the adoption of stringent energy utilization policies has transformed regulatory frameworks and influenced consumer preferences, paving the way for the expansion of combined cycle power plants. This trend is poised to significantly enhance the industry growth prospects.
Asia Pacific Aeroderivative Gas Turbine Market Analysis
The open cycle aeroderivative gas turbine market will exceed USD 80 million by 2034. The industry is set to grow on account of increasing adoption of combined heat and power plants and the rising demand for heat. Furthermore, the swift expansion of the aviation and maritime sectors, along with increased energy investments will bolster a favorable industry outlook. The sector offers stable and consistent growth potential, supported by its environmentally beneficial attributes and the alignment of consumer and regulatory trends will continue to enhance the business opportunities.
The > 1 to 30 MW aeroderivative gas turbine market size will witness a growth at a CAGR of over 6.5% till 2034. The manufacturers are focusing on developing gas turbines that are both cost-effective and highly efficient. This strategy is designed to help installers maximize returns on investment while achieving substantial long-term savings. Additionally, the strategic proximity to consumers and industries, along with favorable regulatory reforms will strengthen the business scenario.
Continuous efforts to enhance efficiency and maintain optimal weight in aircraft will fuel the product penetration. The industry has witnessed substantial growth fueled by rising migration, increased tourism and improved living standards, particularly in developing nations. These turbines, derived from jet engines, are known for their lightweight design, quick start-up capabilities and high efficiency making them suitable for a range of applications, including backup power, peaking plants and offshore operations.
China aeroderivative gas turbine market is set to reach over USD 750 million by 2034. The industry will gain an appreciable momentum driven by the operational flexibility offered by gas-fired facilities compared to coal-fired plants. The increasing focus on improving infrastructure through investments in distributed energy systems utilizing gas-fired technology will support the expansion of the gas power generation sector, thereby boosting demand for these turbines.
Asia Pacific Aeroderivative Gas Turbine Market Share
The manufacturers in the aeroderivative gas turbine market adopt several key strategies to remain competitive and meet the growing demand for efficient, versatile power generation solutions. These include focusing on technological innovation to enhance turbine efficiency, reduce emissions, and improve reliability. Many companies are expanding their portfolios to include turbines with advanced materials and designs tailored for diverse applications including power generation, marine propulsion, and oil & gas operations.
Asia Pacific Aeroderivative Gas Turbine Market Companies
Major players operating in the Asia Pacific aeroderivative gas turbine industry are:
- Ansaldo Energia
- Baker Hughes
- Bharat Heavy Electricals
- Capstone Green Energy
- Doosan Enerbility
- General Electric
- Harbin Electric
- IHI Corporation
- Kawasaki Heavy Industries
- MAN Energy Solutions
- Mitsubishi Heavy Industries
- Nanjing Turbine & Electric Machinery
- Opra Turbines
- Rolls-Royce
- Siemens
- Wärtsilä
Asia Pacific Aeroderivative Gas Turbine Industry News
- In January 2024, General Electric announced a major order for 12 LM2500XPRESS aeroderivative gas turbines from CS Energy to power Queensland's first hydrogen-ready facility. The plant will initially run on 35% green hydrogen by volume with plans to transition to 100% hydrogen over the decade. It is expected to begin its commercial operations by 2026 and will provide up to 400 MW of reliable energy, bolstering grid stability and supporting the Queensland Energy and Jobs Plan. It is anticipated to supply electricity to over 150,000 homes during peak demand periods.
- In January 2023, IHI Corporation and GE Gas Power signed a Memorandum of Understanding (MoU) to jointly develop gas turbines capable of operating on 100% ammonia. This initiative aims to leverage ammonia as a fuel to significantly reduce carbon emissions from power generation, moving toward near-zero CO? levels. Under the MoU, the collaboration will focus on creating a retrofittable combustion system compatible with GE’s 6F.03, 7F, and 9F gas turbines. The two companies plan to establish a comprehensive technology roadmap, encompassing engineering, prototyping, and testing, with a target to implement ammonia technology by 2030.
The Asia Pacific 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 2034, 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 countries:
- China
- Australia
- Japan
- South Korea
- Indonesia
- Thailand
- Malaysia
Frequently Asked Questions (FAQ) :