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Gas Turbine Market Share

Report ID: GMI1181
Published Date: Sep 2024
Report Format: PDF

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Gas Turbine Market Share

Gas Turbine Company Market Share Analysis, 2023

Siemens Energy specializes in the development and production of advanced gas turbine systems. The company is one of the key manufacturers of gas turbines for power generation, industrial applications, and energy infrastructure. The company offers a broad portfolio of gas turbine solutions designed for efficiency, flexibility, and sustainability, serving industries such as power utilities, oil & gas and industrial processing.

Gas Turbine Market Companies

Major players operating in the gas turbine industry are:

Ansaldo Energia
Baker Hughes Company
Bharat Heavy Electricals Limited
Capstone Green Energy Corporation
Doosan
Flex Energy Solutions
General Electric
Harbin Electric Corporation
IHI Corporation
Kawasaki Heavy Industries
MAN Energy Solutions
Mitsubishi Heavy Industries
Nanjing Turbine & Electric Machinery
Opra Turbines
Rolls Royce PLC
Shanghai Electric Gas Turbine
Siemens Energy
Solar Turbines
Vericor
Wartsila

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of gas turbine was worth over USD 13.7 billion in 2023 and is estimated to grow at a 5.7% CAGR from 2024 to 2032, due to positive inclination toward energy optimization coupled with surging focus on clean energy power generation technologies.

The heavy duty gas turbine market is set to surpass USD 15 billion by 2032, led by increasing demand for flexible and efficient power generation solutions in tandem with growing utilization across large scale plants.

U.S. gas turbine market will exceed USD 1.5 billion by 2032, due to ongoing upgradation of traditional power plants with advanced technological systems comprising of materials, blade designs and cooling techniques.

Ansaldo Energia, Baker Hughes Company, Bharat Heavy Electricals Limited, Capstone Green Energy Corporation, Doosan, Flex Energy Solutions, and General Electric