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

Power Generation Gas Turbine Market Trends

Report ID: GMI10178
Published Date: Jul 2024
Report Format: PDF

Download Free Sample

Power Generation Gas Turbine Market Trends

Increasing environmental concerns and stringent government regulations aimed at reducing greenhouse gas emissions have encouraged industries to adopt rigorous energy conservation measures, thereby enhancing the growth prospects. The expanding use of renewable energy sources, coupled with a dedicated focus on improving energy efficiency, will accelerate the adoption of related products. Governments and industries are investing in sustainable power generation technologies to mitigate carbon emissions and adhere to environmental regulations, which in turn will escalate the technological adoption.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of power generation gas turbine was reached USD 6.1 billion in 2023 and is estimated to grow at 14.8% CAGR through 2032, owing to the surging focus toward clean power generation.

The combined cycle segment in the power generation gas turbine market will exceed USD 7 billion by 2032, favored by the large-scale power generation facilities, providing reliable electricity to meet growing demand.

Asia Pacific power generation gas turbine market is set to surpass USD 3.5 billion by 2032, driven by urbanization, industrialization, and the rising population.

Ansaldo Energia, Bharat Heavy Electricals Limited (BHEL), Flex Energy Solutions, General Electric, Harbin Electric Corporation Co., Ltd., Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Ltd., Opra Turbines, Rolls Royce PLC, and Siemens among others.