Gas Turbine Market

Gas Turbine Market (Engine Type: Turbojet, Turbofan, Turboprop, and Turboshaft) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Global Gas Turbine Market Outlook 2031

  • The global industry was valued at US$ 36.6 Bn in 2022
  • It is estimated to grow at a CAGR of 4.8% from 2023 to 2031 and reach US$ 54.8 Bn by the end of 2031

Analysts’ Viewpoint on Market Scenario

The market for gas turbines is expected to grow at a significant pace in the near future due to rise in energy consumption and surge in need for clean energy sources. Gas turbines are frequently employed in power generation, aviation, and other industrial applications. Growth in the industrial sector is also boosting the gas turbine market size.

Gas turbines are a popular choice for power generation due to their high efficiency and reliability, making them an attractive option for utilities looking to meet the surge in electricity consumption. Increase in demand for efficient turbines has prompted gas turbine manufacturers to invest heavily in R&D activities.

Gas Turbine Market

Market Introduction

Gas turbine is a type of internal combustion engine that converts the energy from a fuel into mechanical energy, which can be used to generate electricity or to power other machinery. Gas turbines are commonly used in power plants to generate electricity, as well as in aircraft propulsion systems and other industrial applications.

Gas turbines operate by compressing air and mixing it with fuel, which is then ignited in a combustion chamber. The resulting high-pressure, high-temperature gases expand and flow through a turbine, which is connected to a generator to produce electricity. Gas turbines can operate on a variety of fuels, including natural gas, diesel fuel, and aviation fuel.

Increase in Demand for Energy Fueling Gas Turbine Market Expansion

Rise in energy consumption is expected to boost the demand for gas turbines in the next few years. Gas turbines offer excellent dependability and efficiency for use in electricity production. Countries across the globe are emphasizing the modernization of their outdated electrical infrastructure, which is strengthening the demand for gas turbines.

Expansion in sectors including oil & gas, chemicals, and petrochemicals is also augmenting the gas turbine market progress. Gas turbines are cleaner alternatives to fossil fuel-based power production systems. These turbines are becoming more popular as a means of lowering greenhouse gas emissions.

Rise in Adoption of Electrical Generators

Electrical generators are used to generate electricity in a wide range of applications, including residential, commercial, and industrial settings. Gas turbines are particularly well-suited for use in electrical generators due to their high efficiency, reliability, and ability to operate on a wide range of fuels. These turbines can provide a reliable source of power for electrical generators in a variety of settings, including emergency backup power for hospitals, data centers, and other critical facilities.

Gas turbines are available in a wide range of configurations to meet a range of power requirements, including those for power production and industrial applications as well as operating tanks, jets, and hellos. These turbines offer several advantages. A gas turbine's starting cost is low for a modestly sized unit. It takes up less room and may be operational in a matter of minutes as opposed to a steam unit, which takes many hours to start up. Consequently, medium-sized ‘peak load’ plants powered by gas turbine engines are frequently employed to run intermittently during brief periods of high power demand on an electric system. Therefore, surge in usage of electrical generators is projected to boost the gas turbine market growth in the near future.

Extensive Usage of Turbofans

According to the latest gas turbine market analysis, the turbofan engine type segment is expected to hold largest share from 2023 to 2031. Turbofan engines are used to power majority of commercial airliners due to their efficiency, dependability, and minimal noise output.

Gas Turbines Gaining Traction in Power Generation

According to the latest gas turbine market trends, the power generation application segment is projected to dominate the industry during the forecast period. Gas turbines are frequently utilized in electricity generation due to their high efficiency, dependability, and flexibility for baseload and peaking power. These turbines are used in cogeneration, combined cycle, and natural gas-fired power plants. Gas turbines are also employed in the oil & gas sector to power pumps and compressors as well as in the maritime sector to power ships and other vessels.

Regional Outlook

According to the latest gas turbine market forecast, Asia Pacific is estimated to account for largest share from 2023 to 2031. Rapid industrialization and urbanization in countries, such as China and India, is driving market statistics in the region. Gas turbines have become a popular choice for power generation due to their efficiency, reliability, and flexibility.

The industry in Europe is anticipated to grow at a significant pace during the forecast period. Presence of a well-developed power sector and rise in adoption of renewable energy are boosting market dynamics in the region. Gas turbines are used extensively in several countries in Europe, particularly as backup power sources for intermittent renewable energy sources such as wind and solar.

The industry in North America is also projected to grow at a significant pace in the near future. The U.S. is one of the largest consumers of gas turbines in the world due to its large and diverse economy, high energy demand, and availability of abundant natural gas resources.

Analysis of Key Players

The global industry is consolidated, with a few large-scale and small-scale vendors controlling majority of the gas turbine market share. Ansaldo Energia, GE Power, Kawasaki Heavy Industries, Ltd., Siemens Energy AG, Capstone Green Energy Corporation, Mitsubishi Heavy Industries, Ltd., United Engine Corporation, Harbin Electric Corporation, OPRA Turbines, and Solar Turbines Incorporated are key players operating in the industry. Key vendors are continuously working on catering to consumer demands and launching new products that are energy efficient.

Major players have been profiled in the gas turbine market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments

  • In February 2023, GE’s India subsidiary partnered with Cochin Shipyard Limited to provide a comprehensive digital solutions package to enhance the capabilities of the LM2500 marine gas turbines that power the Indian Navy’s IAC-1 Vikrant
  • In August 2022, Kawasaki Heavy Industries, Ltd. announced that the M5A gas turbine surpassed 100,000 hours of continuous commercial operation. The 5 MW gas turbine was launched in November 2017.

Gas Turbine Market Snapshot

Attribute

Detail

Market Value in 2022

US$ 36.6 Bn

Market Forecast Value in 2031

US$ 54.8 Bn

Growth Rate (CAGR)

4.8%

Forecast Period

2023–2031

Historical Data Available for

2017–2021

Quantitative Units

US$ Bn for Value and Thousand Units for Volume

Market Analysis

Global qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, and price trend, brand analysis and consumer buying behavior analysis.

Competition Landscape

  • Market share analysis, by company (2022)
  • Company profiles section includes an overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

Format

Electronic (PDF) + Excel

Market Segmentation

  • Engine Type
    • Turbojet
    • Turbofan
    • Turboprop
    • Turboshaft
  • Rating Capacity
    • Below 60 MW
    • 60 MW-150 MW
    • 150 MW-300 MW
    • 300 MW-400 MW
    • Above 400 MW
  • Design
    • Heavy-duty Gas Turbines
    • Industrial Gas Turbines
    • Aeroderivative gas turbines
  • Application
    • Steel Mills
    • Marine
    • Refineries
    • Petrochemical
    • Power Generation
    • Others (Aircraft, Spacecraft, etc.)

Region Covered

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America

Companies Profiled

  • Ansaldo Energia
  • GE Power
  • Kawasaki Heavy Industries, Ltd.
  • Siemens Energy AG
  • Capstone Green Energy Corporation
  • Mitsubishi Heavy Industries, Ltd.
  • United Engine Corporation
  • Harbin Electric Corporation
  • OPRA Turbines
  • Solar Turbines Incorporated

Customization Scope

Available upon request

Pricing

Available upon request

Frequently Asked Questions

How big was the global gas turbine market in 2022?

The global market was valued at US$ 36.6 Bn in 2022.

How is the industry expected to grow during the forecast period?

It is estimated to grow at a CAGR of 4.8% from 2023 to 2031.

How much worth will the business be in 2031?

It is projected to reach US$ 54.8 Bn by the end of 2031.

What are the prominent growth drivers?

Increase in demand for energy and rise in adoption of electrical generators.

Which segment holds largest share?

The turbofan engine type segment is expected to dominate during the forecast period.

Which region accounts for highest growth rate?

Asia Pacific is anticipated to record highest CAGR during the forecast period.

Who are the prominent players operating in the sector?

Ansaldo Energia, GE Power, Kawasaki Heavy Industries, Ltd., Siemens Energy AG, Capstone Green Energy Corporation, Mitsubishi Heavy Industries, Ltd., United Engine Corporation, Harbin Electric Corporation, OPRA Turbines, and Solar Turbines Incorporated.

    1. Preface

        1.1. Market Definition and Scope

        1.2. Market Segmentation

        1.3. Key Research Objectives

        1.4. Research Highlights

    2. Assumptions

    3. Research Methodology

    4. Executive Summary

    5. Market Overview

        5.1. Introduction

        5.2. Market Dynamics

            5.2.1. Drivers

            5.2.2. Restraints

            5.2.3. Opportunities

        5.3. Key Trends Analysis

            5.3.1. Demand Side Analysis

            5.3.2. Supply Side Analysis

        5.4. Key Market Indicators

        5.5. Value Chain Analysis

        5.6. Technology Overview

        5.7. Regulatory Framework Analysis

        5.8. Porter’s Five Forces Analysis

        5.9. Industry SWOT Analysis

        5.10. COVID-19 Impact Analysis

        5.11. Global Gas Turbine Market Analysis and Forecast, 2017 - 2031

            5.11.1. Market Revenue Projection (US$ Bn)

            5.11.2. Market Revenue Projection (Thousand Units)

    6. Global Gas Turbine Market Analysis and Forecast, by Engine Type

        6.1. Global Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Engine Type, 2017 - 2031

            6.1.1. Turbojet

            6.1.2. Turbofan

            6.1.3. Turboprop

            6.1.4. Turboshaft

        6.2. Incremental Opportunity, by Engine Type

    7. Global Gas Turbine Market Analysis and Forecast, by Rating Capacity

        7.1. Global Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Rating Capacity, 2017 - 2031

            7.1.1. Below 60 MW

            7.1.2. 60 MW-150 MW

            7.1.3. 150 MW-300 MW

            7.1.4. 300 MW-400 MW

            7.1.5. Above 400 MW

        7.2. Incremental Opportunity, by Rating Capacity

    8. Global Gas Turbine Market Analysis and Forecast, by Design

        8.1. Global Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Design, 2017 - 2031

            8.1.1. Heavy-duty Gas Turbines

            8.1.2. Industrial Gas Turbines

            8.1.3. Aeroderivative Gas Turbines

        8.2. Incremental Opportunity, by Design

    9. Global Gas Turbine Market Analysis and Forecast, by Application

        9.1. Global Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Application, 2017 - 2031

            9.1.1. Steel Mills

            9.1.2. Marine

            9.1.3. Refineries

            9.1.4. Petrochemical

            9.1.5. Power Generation

            9.1.6. Others (Aircraft, Spacecraft, etc.)

        9.2. Incremental Opportunity, by Application

    10. Global Gas Turbine Market Analysis and Forecast, by Region

        10.1. Global Gas Turbine Market Size (Thousand Units & US$ Bn) Forecast, by Region, 2017 - 2031

            10.1.1. North America

            10.1.2. Europe

            10.1.3. Asia Pacific

            10.1.4. Middle East & Africa

            10.1.5. Latin America

        10.2. Incremental Opportunity, by Region

    11. North America Gas Turbine Market Analysis and Forecast

        11.1. Regional Snapshot

        11.2. Key Trends Analysis

        11.3. Price Trend Analysis

            11.3.1. Weighted Average Selling Price ($)

        11.4. Key Supplier Analysis

        11.5. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Engine Type, 2017 - 2031

            11.5.1. Turbojet

            11.5.2. Turbofan

            11.5.3. Turboprop

            11.5.4. Turboshaft

        11.6. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Rating Capacity, 2017 - 2031

            11.6.1. Below 60 MW

            11.6.2. 60 MW-150 MW

            11.6.3. 150 MW-300 MW

            11.6.4. 300 MW-400 MW

            11.6.5. Above 400 MW

        11.7. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Design, 2017 - 2031

            11.7.1. Heavy-duty Gas Turbines

            11.7.2. Industrial Gas Turbines

            11.7.3. Aeroderivative Gas Turbines

        11.8. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Application, 2017 - 2031

            11.8.1. Steel Mills

            11.8.2. Marine

            11.8.3. Refineries

            11.8.4. Petrochemical

            11.8.5. Power Generation

            11.8.6. Others (Aircraft, Spacecraft, etc.)

        11.9. Gas Turbine Market Size (Thousand Units & US$ Bn) Forecast, by Country, 2017 - 2031

            11.9.1. U.S.

            11.9.2. Canada

            11.9.3. Rest of North America

        11.10. Incremental Opportunity Analysis

    12. Europe Gas Turbine Market Analysis and Forecast

        12.1. Key Trends Analysis

        12.2. Price Trend Analysis

            12.2.1. Weighted Average Selling Price ($)

        12.3. Key Supplier Analysis

        12.4. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Engine Type, 2017 - 2031

            12.4.1. Turbojet

            12.4.2. Turbofan

            12.4.3. Turboprop

            12.4.4. Turboshaft

        12.5. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Rating Capacity, 2017 - 2031

            12.5.1. Below 60 MW

            12.5.2. 60 MW-150 MW

            12.5.3. 150 MW-300 MW

            12.5.4. 300 MW-400 MW

            12.5.5. Above 400 MW

        12.6. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Design, 2017 - 2031

            12.6.1. Heavy-duty Gas Turbines

            12.6.2. Industrial Gas Turbines

            12.6.3. Aeroderivative Gas Turbines

        12.7. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Application, 2017 - 2031

            12.7.1. Steel Mills

            12.7.2. Marine

            12.7.3. Refineries

            12.7.4. Petrochemical

            12.7.5. Power Generation

            12.7.6. Others (Aircraft, Spacecraft, etc.)

        12.8. Gas Turbine Market Size (Thousand Units & US$ Bn) Forecast, by Country, 2017 - 2031

            12.8.1. U.K.

            12.8.2. Germany

            12.8.3. Rest of Europe

        12.9. Incremental Opportunity Analysis

    13. Asia Pacific Gas Turbine Market Analysis and Forecast

        13.1. Key Trends Analysis

        13.2. Price Trend Analysis

            13.2.1. Weighted Average Selling Price ($)

        13.3. Key Supplier Analysis

        13.4. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Engine Type, 2017 - 2031

            13.4.1. Turbojet

            13.4.2. Turbofan

            13.4.3. Turboprop

            13.4.4. Turboshaft

        13.5. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Rating Capacity, 2017 - 2031

            13.5.1. Below 60 MW

            13.5.2. 60 MW-150 MW

            13.5.3. 150 MW-300 MW

            13.5.4. 300 MW-400 MW

            13.5.5. Above 400 MW

        13.6. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Design, 2017 - 2031

            13.6.1. Heavy-duty Gas Turbines

            13.6.2. Industrial Gas Turbines

            13.6.3. Aeroderivative Gas Turbines

        13.7. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Application, 2017 - 2031

            13.7.1. Steel Mills

            13.7.2. Marine

            13.7.3. Refineries

            13.7.4. Petrochemical

            13.7.5. Power Generation

            13.7.6. Others (Aircraft, Spacecraft, etc.)

        13.8. Gas Turbine Market Size (Thousand Units & US$ Bn) Forecast, by Country, 2017 - 2031

            13.8.1. China

            13.8.2. India

            13.8.3. Japan

            13.8.4. Rest of Asia Pacific

        13.9. Incremental Opportunity Analysis

    14. Middle East & Africa Gas Turbine Market Analysis and Forecast

        14.1. Key Trends Analysis

        14.2. Price Trend Analysis

            14.2.1. Weighted Average Selling Price ($)

        14.3. Key Supplier Analysis

        14.4. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Engine Type, 2017 - 2031

            14.4.1. Turbojet

            14.4.2. Turbofan

            14.4.3. Turboprop

            14.4.4. Turboshaft

        14.5. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Rating Capacity, 2017 - 2031

            14.5.1. Below 60 MW

            14.5.2. 60 MW-150 MW

            14.5.3. 150 MW-300 MW

            14.5.4. 300 MW-400 MW

            14.5.5. Above 400 MW

        14.6. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Design, 2017 - 2031

            14.6.1. Heavy-duty Gas Turbines

            14.6.2. Industrial Gas Turbines

            14.6.3. Aeroderivative Gas Turbines

        14.7. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Application, 2017 - 2031

            14.7.1. Steel Mills

            14.7.2. Marine

            14.7.3. Refineries

            14.7.4. Petrochemical

            14.7.5. Power Generation

            14.7.6. Others (Aircraft, Spacecraft, etc.)

        14.8. Gas Turbine Market Size (Thousand Units & US$ Bn) Forecast, by Country, 2017 - 2031

            14.8.1. South Africa

            14.8.2. Rest of Middle East & Africa

        14.9. Incremental Opportunity Analysis

    15. South America Gas Turbine Market Analysis and Forecast

        15.1. Regional Snapshot

        15.2. Key Trends Analysis

        15.3. Price Trend Analysis

            15.3.1. Weighted Average Selling Price ($)

        15.4. Key Supplier Analysis

        15.5. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Engine Type, 2017 - 2031

            15.5.1. Turbojet

            15.5.2. Turbofan

            15.5.3. Turboprop

            15.5.4. Turboshaft

        15.6. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Rating Capacity, 2017 - 2031

            15.6.1. Below 60 MW

            15.6.2. 60 MW-150 MW

            15.6.3. 150 MW-300 MW

            15.6.4. 300 MW-400 MW

            15.6.5. Above 400 MW

        15.7. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Design, 2017 - 2031

            15.7.1. Heavy-duty Gas Turbines

            15.7.2. Industrial Gas Turbines

            15.7.3. Aeroderivative Gas Turbines

        15.8. Gas Turbine Market Size (US$ Bn & Thousand Units) Forecast, by Application, 2017 - 2031

            15.8.1. Steel Mills

            15.8.2. Marine

            15.8.3. Refineries

            15.8.4. Petrochemical

            15.8.5. Power Generation

            15.8.6. Others (Aircraft, Spacecraft, etc.)

        15.9. Gas Turbine Market Size (Thousand Units & US$ Bn) Forecast, by Country, 2017 - 2031

            15.9.1. Brazil

            15.9.2. Rest of South America

        15.10. Incremental Opportunity Analysis

    16. Competition Landscape

        16.1. Market Player – Competition Dashboard

        16.2. Market Share Analysis (%) - 2022

        16.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)

            16.3.1. Ansaldo Energia

                16.3.1.1. Company Overview

                16.3.1.2. Sales Area/Geographical Presence

                16.3.1.3. Revenue

                16.3.1.4. Strategy & Business Overview

            16.3.2. GE Power

                16.3.2.1. Company Overview

                16.3.2.2. Sales Area/Geographical Presence

                16.3.2.3. Revenue

                16.3.2.4. Strategy & Business Overview

            16.3.3. Kawasaki Heavy Industries, Ltd.

                16.3.3.1. Company Overview

                16.3.3.2. Sales Area/Geographical Presence

                16.3.3.3. Revenue

                16.3.3.4. Strategy & Business Overview

            16.3.4. Siemens Energy AG

                16.3.4.1. Company Overview

                16.3.4.2. Sales Area/Geographical Presence

                16.3.4.3. Revenue

                16.3.4.4. Strategy & Business Overview

            16.3.5. Capstone Green Energy Corporation

                16.3.5.1. Company Overview

                16.3.5.2. Sales Area/Geographical Presence

                16.3.5.3. Revenue

                16.3.5.4. Strategy & Business Overview

            16.3.6. Mitsubishi Heavy Industries, Ltd.

                16.3.6.1. Company Overview

                16.3.6.2. Sales Area/Geographical Presence

                16.3.6.3. Revenue

                16.3.6.4. Strategy & Business Overview

            16.3.7. United Engine Corporation

                16.3.7.1. Company Overview

                16.3.7.2. Sales Area/Geographical Presence

                16.3.7.3. Revenue

                16.3.7.4. Strategy & Business Overview

            16.3.8. Harbin Electric

                16.3.8.1. Company Overview

                16.3.8.2. Sales Area/Geographical Presence

                16.3.8.3. Revenue

                16.3.8.4. Strategy & Business Overview

            16.3.9. OPRA Turbines

                16.3.9.1. Company Overview

                16.3.9.2. Sales Area/Geographical Presence

                16.3.9.3. Revenue

                16.3.9.4. Strategy & Business Overview

            16.3.10. Solar Turbines Incorporated

                16.3.10.1. Company Overview

                16.3.10.2. Sales Area/Geographical Presence

                16.3.10.3. Revenue

                16.3.10.4. Strategy & Business Overview

    17. Go to Market Strategy

        17.1. Identification of Potential Market Spaces

            17.1.1. By Engine Type

            17.1.2. By Rating Capacity

            17.1.3. By Design

            17.1.4. By Application

            17.1.5. By Region

        17.2. Market Risks

        17.3. Preferred Sales & Marketing Strategy

    List of Tables

    Table 1: Global Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Table 2: Global Gas Turbine Market Volume, by Engine Type, Thousand Units, 2017-2031

    Table 3: Global Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Table 4: Global Gas Turbine Market Volume, by Rating Capacity, Thousand Units, 2017-2031

    Table 5: Global Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Table 6: Global Gas Turbine Market Volume, by Design, Thousand Units, 2017-2031

    Table 7: Global Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Table 8: Global Gas Turbine Market Volume, by Application, Thousand Units, 2017-2031

    Table 9: Global Gas Turbine Market Value, by Region, US$ Bn, 2017-2031

    Table 10: Global Gas Turbine Market Volume, by Region, Thousand Units, 2017-2031

    Table 11: North America Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Table 12: North America Gas Turbine Market Volume, by Engine Type, Thousand Units, 2017-2031

    Table 13: North America Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Table 14: North America Gas Turbine Market Volume, by Rating Capacity, Thousand Units, 2017-2031

    Table 15: North America Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Table 16: North America Gas Turbine Market Volume, by Design, Thousand Units, 2017-2031

    Table 17: North America Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Table 18: North America Gas Turbine Market Volume, by Application, Thousand Units, 2017-2031

    Table 19: North America Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Table 20: North America Gas Turbine Market Volume, by Country, Thousand Units, 2017-2031

    Table 21: Europe Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Table 22: Europe Gas Turbine Market Volume, by Engine Type, Thousand Units, 2017-2031

    Table 23: Europe Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Table 24: Europe Gas Turbine Market Volume, by Rating Capacity, Thousand Units, 2017-2031

    Table 25: Europe Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Table 26: Europe Gas Turbine Market Volume, by Design, Thousand Units, 2017-2031

    Table 27: Europe Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Table 28: Europe Gas Turbine Market Volume, by Application, Thousand Units, 2017-2031

    Table 29: Europe Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Table 30: Europe Gas Turbine Market Volume, by Country, Thousand Units, 2017-2031

    Table 31: Asia Pacific Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Table 32: Asia Pacific Gas Turbine Market Volume, by Engine Type, Thousand Units, 2017-2031

    Table 33: Asia Pacific Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Table 34: Asia Pacific Gas Turbine Market Volume, by Rating Capacity, Thousand Units, 2017-2031

    Table 35: Asia Pacific Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Table 36: Asia Pacific Gas Turbine Market Volume, by Design, Thousand Units, 2017-2031

    Table 37: Asia Pacific Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Table 38: Asia Pacific Gas Turbine Market Volume, by Application, Thousand Units, 2017-2031

    Table 39: Asia Pacific Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Table 40: Asia Pacific Gas Turbine Market Volume, by Country, Thousand Units, 2017-2031

    Table 41: Middle East & Africa Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Table 42: Middle East & Africa Gas Turbine Market Volume, by Engine Type, Thousand Units, 2017-2031

    Table 43: Middle East & Africa Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Table 44: Middle East & Africa Gas Turbine Market Volume, by Rating Capacity, Thousand Units, 2017-2031

    Table 45: Middle East & Africa Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Table 46: Middle East & Africa Gas Turbine Market Volume, by Design, Thousand Units, 2017-2031

    Table 47: Middle East & Africa Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Table 48: Middle East & Africa Gas Turbine Market Volume, by Application, Thousand Units, 2017-2031

    Table 49: Middle East & Africa Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Table 50: Middle East & Africa Gas Turbine Market Volume, by Country, Thousand Units, 2017-2031

    Table 51: South America Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Table 52: South America Gas Turbine Market Volume, by Engine Type, Thousand Units, 2017-2031

    Table 53: South America Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Table 54: South America Gas Turbine Market Volume, by Rating Capacity, Thousand Units, 2017-2031

    Table 55: South America Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Table 56: South America Gas Turbine Market Volume, by Design, Thousand Units, 2017-2031

    Table 57: South America Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Table 58: South America Gas Turbine Market Volume, by Application, Thousand Units, 2017-2031

    Table 59: South America Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Table 60: South America Gas Turbine Market Volume, by Country, Thousand Units, 2017-2031

    List of Figures

    Figure 1: Global Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Figure 2: Global Gas Turbine Market Volume, by Engine Type, Thousand Units,2017-2031

    Figure 3: Global Gas Turbine Market Incremental Opportunity, by Engine Type, 2021-2031

    Figure 4: Global Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Figure 5: Global Gas Turbine Market Volume, by Rating Capacity, Thousand Units,2017-2031

    Figure 6: Global Gas Turbine Market Incremental Opportunity, by Rating Capacity, 2021-2031

    Figure 7: Global Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Figure 8: Global Gas Turbine Market Volume, by Design, Thousand Units,2017-2031

    Figure 9: Global Gas Turbine Market Incremental Opportunity, by Design, 2021-2031

    Figure 10: Global Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Figure 11: Global Gas Turbine Market Volume, by Application, Thousand Units,2017-2031

    Figure 12: Global Gas Turbine Market Incremental Opportunity, by Application, 2021-2031

    Figure 13: Global Gas Turbine Market Value, by Region, US$ Bn, 2017-2031

    Figure 14: Global Gas Turbine Market Volume, by Region, Thousand Units,2017-2031

    Figure 15: Global Gas Turbine Market Incremental Opportunity, by Region,2021-2031

    Figure 16: North America Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Figure 17: North America Gas Turbine Market Volume, by Engine Type, Thousand Units,2017-2031

    Figure 18: North America Gas Turbine Market Incremental Opportunity, by Engine Type, 2021-2031

    Figure 19: North America Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Figure 20: North America Gas Turbine Market Volume, by Rating Capacity, Thousand Units,2017-2031

    Figure 21: North America Gas Turbine Market Incremental Opportunity, by Rating Capacity, 2021-2031

    Figure 22: North America Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Figure 23: North America Gas Turbine Market Volume, by Design, Thousand Units,2017-2031

    Figure 24: North America Gas Turbine Market Incremental Opportunity, by Design, 2021-2031

    Figure 25: North America Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Figure 26: North America Gas Turbine Market Volume, by Application, Thousand Units,2017-2031

    Figure 27: North America Gas Turbine Market Incremental Opportunity, by Application, 2021-2031

    Figure 28: North America Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Figure 29: North America Gas Turbine Market Volume, by Country, Thousand Units,2017-2031

    Figure 30: North America Gas Turbine Market Incremental Opportunity, by Country,2021-2031

    Figure 31: Europe Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Figure 32: Europe Gas Turbine Market Volume, by Engine Type, Thousand Units,2017-2031

    Figure 33: Europe Gas Turbine Market Incremental Opportunity, by Engine Type, 2021-2031

    Figure 34: Europe Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Figure 35: Europe Gas Turbine Market Volume, by Rating Capacity, Thousand Units,2017-2031

    Figure 36: Europe Gas Turbine Market Incremental Opportunity, by Rating Capacity, 2021-2031

    Figure 37: Europe Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Figure 38: Europe Gas Turbine Market Volume, by Design, Thousand Units,2017-2031

    Figure 39: Europe Gas Turbine Market Incremental Opportunity, by Design, 2021-2031

    Figure 40: Europe Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Figure 41: Europe Gas Turbine Market Volume, by Application, Thousand Units,2017-2031

    Figure 42: Europe Gas Turbine Market Incremental Opportunity, by Application, 2021-2031

    Figure 43: Europe Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Figure 44: Europe Gas Turbine Market Volume, by Country, Thousand Units,2017-2031

    Figure 45: Europe Gas Turbine Market Incremental Opportunity, by Country,2021-2031

    Figure 46: Asia Pacific Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Figure 47: Asia Pacific Gas Turbine Market Volume, by Engine Type, Thousand Units,2017-2031

    Figure 48: Asia Pacific Gas Turbine Market Incremental Opportunity, by Engine Type, 2021-2031

    Figure 49: Asia Pacific Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Figure 50: Asia Pacific Gas Turbine Market Volume, by Rating Capacity, Thousand Units,2017-2031

    Figure 51: Asia Pacific Gas Turbine Market Incremental Opportunity, by Rating Capacity, 2021-2031

    Figure 52: Asia Pacific Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Figure 53: Asia Pacific Gas Turbine Market Volume, by Design, Thousand Units,2017-2031

    Figure 54: Asia Pacific Gas Turbine Market Incremental Opportunity, by Design, 2021-2031

    Figure 55: Asia Pacific Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Figure 56: Asia Pacific Gas Turbine Market Volume, by Application, Thousand Units,2017-2031

    Figure 57: Asia Pacific Gas Turbine Market Incremental Opportunity, by Application, 2021-2031

    Figure 58: Asia Pacific Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Figure 59: Asia Pacific Gas Turbine Market Volume, by Country, Thousand Units,2017-2031

    Figure 60: Asia Pacific Gas Turbine Market Incremental Opportunity, by Country,2021-2031

    Figure 61: Middle East & Africa Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Figure 62: Middle East & Africa Gas Turbine Market Volume, by Engine Type, Thousand Units,2017-2031

    Figure 63: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Engine Type, 2021-2031

    Figure 64: Middle East & Africa Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Figure 65: Middle East & Africa Gas Turbine Market Volume, by Rating Capacity, Thousand Units,2017-2031

    Figure 66: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Rating Capacity, 2021-2031

    Figure 67: Middle East & Africa Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Figure 68: Middle East & Africa Gas Turbine Market Volume, by Design, Thousand Units,2017-2031

    Figure 69: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Design, 2021-2031

    Figure 70: Middle East & Africa Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Figure 71: Middle East & Africa Gas Turbine Market Volume, by Application, Thousand Units,2017-2031

    Figure 72: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Application, 2021-2031

    Figure 73: Middle East & Africa Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Figure 74: Middle East & Africa Gas Turbine Market Volume, by Country, Thousand Units,2017-2031

    Figure 75: Middle East & Africa Gas Turbine Market Incremental Opportunity, by Country,2021-2031

    Figure 76: South America Gas Turbine Market Value, by Engine Type, US$ Bn, 2017-2031

    Figure 77: South America Gas Turbine Market Volume, by Engine Type, Thousand Units,2017-2031

    Figure 78: South America Gas Turbine Market Incremental Opportunity, by Engine Type, 2021-2031

    Figure 79: South America Gas Turbine Market Value, by Rating Capacity, US$ Bn, 2017-2031

    Figure 80: South America Gas Turbine Market Volume, by Rating Capacity, Thousand Units,2017-2031

    Figure 81: South America Gas Turbine Market Incremental Opportunity, by Rating Capacity, 2021-2031

    Figure 82: South America Gas Turbine Market Value, by Design, US$ Bn, 2017-2031

    Figure 83: South America Gas Turbine Market Volume, by Design, Thousand Units,2017-2031

    Figure 84: South America Gas Turbine Market Incremental Opportunity, by Design, 2021-2031

    Figure 85: South America Gas Turbine Market Value, by Application, US$ Bn, 2017-2031

    Figure 86: South America Gas Turbine Market Volume, by Application, Thousand Units,2017-2031

    Figure 87: South America Gas Turbine Market Incremental Opportunity, by Application, 2021-2031

    Figure 88: South America Gas Turbine Market Value, by Country, US$ Bn, 2017-2031

    Figure 89: South America Gas Turbine Market Volume, by Country, Thousand Units,2017-2031

    Figure 90: South America Gas Turbine Market Incremental Opportunity, by Country,2021-2031

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