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Asia Pacific Aeroderivative Gas Turbine Market Size

  • Report ID: GMI6627
  • Published Date: Dec 2024
  • Report Format: PDF

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.
 

 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for aeroderivative gas turbine was valued at USD 1.02 billion in 2024 and is projected to reach USD 1.85 billion by 2034, driven by a CAGR of 6.7% from 2025 to 2034.

The open cycle aeroderivative gas turbine market is expected to exceed USD 80 million by 2034, driven by the increasing adoption of combined heat and power plants and rising demand for heat.

The China aeroderivative gas turbine market is set to reach over USD 750 million by 2034, driven by the operational flexibility of gas-fired facilities and investments in distributed energy systems.

Major players include Ansaldo Energia, Baker Hughes, Bharat Heavy Electricals, Capstone Green Energy, Doosan Enerbility, General Electric, Harbin Electric, IHI Corporation, Kawasaki Heavy Industries, MAN Energy Solutions, and Mitsubishi Heavy Industries.

Asia Pacific Aeroderivative Gas Turbine Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 16
  • Tables & Figures: 8
  • Countries covered: 7
  • Pages: 90
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