Home > Energy & Power > Electrical Equipment > Turbines > Middle East & Africa Heavy Duty Gas Turbine Market

Middle East & Africa Heavy Duty Gas Turbine Market Analysis

  • Report ID: GMI11318
  • Published Date: Sep 2024
  • Report Format: PDF

Middle East & Africa Heavy Duty Gas Turbine Market Analysis

The > 70 MW to 200 MW heavy duty gas turbine market will cross over USD 950 million by 2032. These turbines are favored for their ability to efficiently convert natural gas or other fuels into electricity, making them indispensable for industries, utilities, and large-scale projects. Strict environmental regulations for clean power generation, coupled with rising electricity demand, will positively influence industry growth.
 

Middle East & Africa Heavy Duty Gas Turbine Market Revenue Share, By Technology, 2023

The combined cycle heavy duty gas turbine market size will witness a CAGR of over 5.5% through 2032. This technology is particularly attractive in countries where energy efficiency and emissions reduction are prioritized, as it offers a highly efficient solution with lower carbon emissions compared to traditional power generation methods. The industry is further supported by the global shift toward cleaner energy sources and the need for flexible power systems that can integrate with renewable energy.
 

Saudi Arabia Heavy Duty Gas Turbine Market Size, 2022 - 2032 (USD Million)

The Saudi Arabia heavy duty gas turbine market is set to surpass USD 600 million by 2032. The country is investing in modernizing its power generation capacity to meet the growing demand for electricity and reduce its reliance on oil, which in turn will fuel the industry potential. The industry is further bolstered by the development of large-scale industrial projects and the push towards more sustainable and efficient power generation solutions.
 

UAE heavy duty gas turbine market will witness an appreciable momentum owing to strong focus on enhancing the efficiency and capacity of power generation. The industry is further benefiting from substantial investments in large-scale industrial projects including the ongoing expansion of petrochemical complexes and the development of new power plants. These turbines play a vital role in this strategy, offering reliable and flexible power solutions that align with the country's goals of reducing carbon emissions and increasing the use of cleaner energy sources, driving the product deployment.
 

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of Middle East & Africa heavy duty gas turbine was worth USD 2.91 billion in 2023 and is expected to register 5.9% CAGR from 2024 to 2032, due to the increasing awareness of environmental concerns and growing consumer interest in transitioning to cleaner energy sources in the region.

Middle East & Africa heavy duty gas turbine industry from the > 70 MW to 200 MW segment is expected to reach over USD 950 million by 2032, due to their ability to efficiently convert natural gas or other fuels into electricity.

Saudi Arabia heavy duty gas turbine industry is expected to surpass USD 600 million by 2032, due to investments in modernizing its power generation capacity to meet the growing demand for electricity and reduce its reliance on oil in the country.

Flex Energy Solutions, Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Ltd., Opra Turbines, Rolls Royce PLC, Siemens, Solar Turbines Incorporated, VERICOR, and Wärtsilä, are some of the major heavy duty gas turbine companies in Middle East & Africa.

Middle East & Africa Heavy Duty Gas Turbine Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 8
  • Countries covered: 16
  • Pages: 125
 Download Free Sample