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

Middle East & Africa Heavy Duty Gas Turbine Market Size

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

Download Free Sample

Middle East & Africa Heavy Duty Gas Turbine Market Size

Middle East & Africa Heavy Duty Gas Turbine Market was valued at USD 2.91 billion in 2023 and is estimated to grow at a CAGR of over 5.9% between 2024 and 2032. The increasing awareness of environmental concerns, along with a growing consumer interest in transitioning to cleaner energy sources, will drive business growth.

To get key market trends

Download Free Sample

A heavy-duty gas turbine is a turbine specifically designed for large-scale power generation in industrial and utility settings. Engineered to endure continuous operation under high temperatures and pressures, these turbines are well-suited for demanding environments. They are commonly employed in power plants to generate electricity for industries, cities, and large-scale facilities. The industry is poised for growth, driven by increasing power generation needs and global industrialization.

Middle East & Africa Heavy Duty Gas Turbine Market Report Attributes
Report Attribute	Details
Base Year:	2023
Middle East & Africa Heavy Duty Gas Turbine Market Size in 2023:	USD 2.91 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.9%
2032 Value Projection:	USD 4.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	125
Tables, Charts & Figures:	8
Segments covered:	Capacity, Technology, Application & Country
Growth Drivers:	Stringent government norms to limit carbon emissions Increasing proportion of renewable energy sources
Pitfalls & Challenges:	Cost competitiveness

Learn more about the key segments shaping this market

Download Free Sample

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.