Home > Energy & Power > Electrical Equipment > Turbines > Asia Pacific Heavy Duty Gas Turbine Market

Asia Pacific Heavy Duty Gas Turbine Market Trends

  • Report ID: GMI10923
  • Published Date: Aug 2024
  • Report Format: PDF

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.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Asia Pacific market for heavy duty gas turbine was worth over USD 4.4 billion in 2023 and is estimated to grow at a CAGR of 5.6% during 2024 to 2032, driven by the increasing awareness of environmental issues.

The open cycle segment of Asia Pacific heavy duty gas turbine market will witness growth rate of over 5.5% through 2032, as 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.

China heavy duty gas turbine market is set to surpass USD 3 billion by 2032, driven by increasing energy demand and industrialization in line with surging efforts to reduce carbon emissions.

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. among others.

Asia Pacific Heavy Duty Gas Turbine Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 8
  • Countries covered: 8
  • Pages: 120
 Download Free Sample