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

Middle East & Africa Heavy Duty Gas Turbine Market Trends

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

Download Free Sample

Middle East & Africa Heavy Duty Gas Turbine Market Trends

The governments and industries are investing in sustainable power generation technologies to reduce carbon emissions and comply with environmental regulations, which in turn will foster the gas turbine market. Growing environmental concerns and stricter government regulations aimed at reducing greenhouse gas emissions have prompted industries to adopt strong energy conservation measures, boosting the business potential. The increasing use of renewable energy sources along with dedicated focus on energy efficiency will further escalate 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.