Home > Energy & Power > Electrical Equipment > Turbines > Industrial Gas Turbine Market

Industrial Gas Turbine Market Share

Report ID: GMI272
Published Date: Apr 2024
Report Format: PDF

Download Free Sample

Industrial Gas Turbine Market Share

Rolls-Royce is one of the prominent players in the industrial gas turbine market, renowned for its engineering excellence and innovative solutions. These turbines come in different sizes and configurations to meet the diverse needs of customers. Its turbines are known for their high efficiency and performance, delivering reliable power generation with minimal environmental impact. The company emphasizes continuous research and development to enhance turbine efficiency and reduce emissions.

Industrial Gas Turbine Market Companies

The key industry players include:

Ansaldo Energia
Baker Hughes
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.
Nanjing Turbine & Electric (Group) Co., Ltd.
Rolls Royce Plc
Siemens Energy
Solar Turbines Incorporated
United Engine Corporation JSC
VERICOR
Wartsila
Zorya-Mashproekt

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of industrial gas turbine reached USD 8.2 billion in 2023 and will expand at a 5.5% CAGR between 2024 and 2032, owing to increasing demand for reliable and efficient power generation solutions, particularly in industrial and utility sectors and the shift towards cleaner energy sources.

The aeroderivative gas turbine segment is projected to witness 5% CAGR through 2023, attributed to segment's versatility and efficiency in various applications, such as power generation for industrial processes and grid stability support.

Europe market will surpass USD 2.5 billion by 2032, driven by region's focus on renewable energy integration, industrial sector modernization, and stringent emission regulations.

Prominent industrial gas turbine manufacturers are Baker Hughes, Bharat Heavy Electricals Limited (BHEL), Capstone Green Energy Corporation, Flex Energy Solutions, General Electric, Harbin Electric Corporation Co., Ltd., Kawasaki Heavy Industries, Ltd., Mitsubishi Heavy Industries Ltd., Rolls Royce Plc, Siemens Energy.