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Europe Industrial Gas Turbine Market Share

Report ID: GMI8852
Published Date: Apr 2024
Report Format: PDF

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Europe Industrial Gas Turbine Market Share

Europe Industrial Gas Turbine Company Market Share Analysis, 2023 (%)

Kawasaki Heavy Industries manufactures a variety of industrial gas turbines tailored for different applications, including power generation, cogeneration, and mechanical drive. These turbines are designed to deliver high efficiency, reliability, and flexibility in operation. The company is known for its cutting-edge technology and continuous innovation in gas turbine design and manufacturing. The company invests heavily in research and development to enhance turbine performance, reduce emissions, and improve overall efficiency.

Europe Industrial Gas Turbine Market Companies

Some major players operating in the Europe industrial gas turbine industry is mentioned below:

Ansaldo Energia
Baker Hughes Company
Bharat Heavy Electricals Limited (BHEL)
Capstone Green Energy Corporation
Destinus Energy
Doosan Enerbility
Flex Energy Solutions
General Electric
Harbin Electric Corporation Co., Ltd.
Kawasaki Heavy Industries, Ltd.
MAN Energy Solutions
Mitsubishi Heavy Industries Ltd.
Rolls Royce Plc
Siemens Energy
Solar Turbines Incorporated
VERICOR
Wartsila
Zorya-Mashproekt

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

Europe industrial gas turbine market size was USD 1.8 billion in 2023 and is expected to register 5% CAGR from 2024-2032 owing to the increasing electricity demand favored by ongoing industrialization, increasing population & economic growth worldwide.

Europe industrial gas turbine industry from the combined cycle segment is expected to exceed USD 2.5 billion by 2032 due to growing adoption of combined heat & power systems along with resurgent industrial proliferation.

UK industrial gas turbine industry is expected to cross USD 350 million by 2032 and is expected to register a commendable CAGR from 2024-2032 due to growing environmental concerns along with increasing emphasis on reducing emissions from industrial processes in the country.

Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Ltd., Rolls Royce Plc, Siemens Energy, Solar Turbines Incorporated, VERICOR, Wärtsilä, and Zorya-Mashproekt, are some of the major industrial gas turbine companies in Europe.