Asia Pacific Heavy Duty Gas Turbine Market Size - By Capacity, By Technology (Open Cycle, Combined Cycle), By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine), By Country Outlook & Forecast, 2024 – 2032

Asia Pacific Heavy Duty Gas Turbine Market Size

Asia Pacific Heavy Duty Gas Turbine Market was valued at USD 4.4 billion in 2023 and is estimated to grow at a rate of 5.6% by 2032. The increasing awareness of environmental issues, combined with a growing consumer shift toward cleaner energy sources will drive the business growth.
 

A heavy-duty gas turbine is engineered for substantial power generation in industrial and utility settings. Designed to endure continuous operation under high temperatures and pressures, these turbines are ideal for rigorous environments. They are utilized in power plants to generate electricity for industries and large-scale facilities. The industry is poised for expansion on account of growing power generation needs and increasing regional industrialization.
 

Asia Pacific Heavy Duty Gas Turbine Market Trends

The heavy-duty gas turbine industry is experiencing significant growth driven by advancements in technology and increasing demand for energy efficiency. Surging focus of industries to reduce carbon emissions and improve operational efficiency will drive the business growth. Growing preference for advanced gas turbines offering higher performance and lower emissions will drive the industry scenario. The key trends include the development of more efficient and flexible turbines capable of operating with renewable fuels, as well as the integration of digital technologies for enhanced monitoring and control. Additionally, emerging markets are expanding their energy infrastructure, further contributes to the increased adoption of gas turbines.

Asia Pacific Heavy Duty Gas Turbine Market Analysis

The > 70 MW to 200 MW rated heavy duty gas turbine market will exceed over USD 1 billion by 2032. Increasing electricity demand coupled with growing demand for efficient power generation solutions will escalate the industry potential. These turbines are integral to various industrial applications, including power plants, marine propulsion, and large-scale HVAC systems. Their high power density, reliability, and efficiency make them ideal for both standalone and combined cycle configurations.

The open cycle heavy duty gas turbine market size will witness growth rate of over 5.5% through 2032. These systems are widely used in power plants, particularly for peaking power and backup generation owing to their ability to rapidly start up and adjust to varying loads. Additionally, the ongoing shift towards cleaner energy and the replacement of aging coal-fired plants are contributing to the industry expansion.
 

The China heavy duty gas turbine market is set to surpass USD 3 billion by 2032. Increasing Energy demand, industrialization in line with surging efforts to reduce carbon emissions will amplify the business outlook. The industry is supported by government policies promoting energy efficiency and the reduction of greenhouse gases. Ongoing modernization of power generation infrastructure aiming to balance its energy mix will further positively sway the business growth.
 

Regulatory norms toward sustainable development coupled with strong focus on energy efficiency & reliability will foster the India heavy duty gas turbine market. The government has implemented supportive policies to encourage the adoption of gas turbines, emphasizing the need for cleaner and more flexible power generation methods. Strict environmental regulations aligned with the push for decarbonization are propelling technological improvements in gas turbine technology, thereby invigorating the industry landscape.
 

Asia Pacific Heavy Duty Gas Turbine Market Share

Doosan Enerbility is one of the leading global providers of integrated power solutions, specializing in the development and manufacturing of heavy-duty gas turbines. The company is known for its innovative approach to designing high-efficiency turbines that meet the rigorous demands of modern power generation. Its turbines are engineered to deliver exceptional performance, reliability, and operational flexibility, catering to both large-scale power plants and industrial applications. The company invests heavily in research and development to continuously enhance the efficiency and environmental sustainability of its gas turbine technology, positioning itself as a key player in the global energy transition towards cleaner and more sustainable power sources.
 

Asia Pacific Heavy Duty Gas Turbine Market Companies

The key industry players include:

• Ansaldo Energia
• Bharat Heavy Electricals Limited (BHEL)
• Capstone Green Energy Corporation
• Doosan Enerbility
• Flex Energy Solutions
• General Electric
• Harbin Electric Corporation Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• MAN Energy Solutions
• Mitsubishi Heavy Industries Ltd.
• Nanjing Turbine & Electric Machinery (Group) Co., Ltd.
• Opra Turbines
• Rolls Royce PLC
• Siemens
• Solar Turbines Incorporated
• Wärtsilä
   

Asia Pacific Heavy Duty Gas Turbine Industry News

• In August 2024, Mitsubishi Power has secured orders for gas and steam turbines for a 500 MW combined cycle power plant in Sarawak, Malaysia. The company will supply an M701F gas turbine, which is capable of 30% hydrogen co-firing, to the 500 MW GTCC facility, with operations scheduled to commence in 2027. Alongside the equipment, Mitsubishi Power will also provide auxiliary systems and dispatch technical advisors to assist with the installation and commissioning process.
   
• In June 2023, MAN Energy Solutions announced that, CSIC Longjiang GH Gas Turbine Co Ltd. in China, have bought their turbine business. The transaction comes with an onsite assurance in Oberhausen and Zurich for approximately five years in an effort to keep jobs. The company will continue to offer its present gas turbine customers its regular services under the new ownership.
   

This Asia Pacific heavy duty gas turbine market research report includes in-depth coverage of the industry with estimates & forecast in terms of “MW” & “USD Million” from 2021 to 2032, for the following segments:

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Market, By Capacity

• ≤ 50 kW
• > 50 kW to 500 kW
• > 500 kW to 1 MW
• > 1 MW to 30 MW
• > 30 MW to 70 MW
• > 70 MW to 200 MW
• > 200 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
• Bangladesh