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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.
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.
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.