Industrial Gas Turbine Market Size, Share, Forecast & Growth 2032
Industrial Gas Turbine Market Overview
The report collects data on the overall Industrial Gas Turbine Industry Size, including the revenue generated. The report analyses the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. The report covers the gathered data and analysis to make future projections and forecasts for the Industrial Gas Turbine market.
The report covers individual Industrial Gas Turbine players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
The global industrial gas turbine market size was USD 9.01 billion in 2023. The market is expected to grow from USD 9.27 billion in 2024 to USD 12.25 billion by 2032 at a CAGR of 3.54% over the forecast period (2024-2032). North America dominated the industrial gas turbine market with a market share of 30.74% in 2023.
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Market Analysis and Insights: Global Industrial Gas Turbine Market
Regionally, the report analyzes the Industrial Gas Turbine Markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Industrial Gas Turbine market, with robust domestic demand, supportive policies, and a strong manufacturing base.
The Major Players Covered in The Industrial Gas Turbine Market Report Are:
- GE (U.S.)
- Siemens (Germany)
- Mitsubishi Hitachi Power Systems, Ltd. (Japan)
- Ansaldo Energia (Italy)
- Solar Turbines (U.S.)
- Kawasaki Heavy Industries, Ltd. (Japan)
- Doosan Heavy Industries & Construction (South Korea)
- Bharat Heavy Electrical Limited (India)
Market Segmentation
Industrial Gas Turbine market is split by Type and by Application. For 2024-2032, the Growth among segments provides accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Segmentation
By Capacity
1-2 MW
2-5 MW
5-7.5 MW
7.5-10 MW
10-15 MW
15-20 MW
20-30 MW
30-40 MW
40-100 MW
100-150 MW
150-300 MW
300+ MW
By Technology
Heavy Duty
Light Industrial
Aeroderivative
By Cycle
Simple Cycle
Combined Cycle
By Sector
Electric Power Utility
Oil & Gas
Manufacturing
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Market Segment by Region, Regional Analysis Covers
- North America (United States, Canada, and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The Content of The Study Subjects Includes a Total of 6 Chapters:
- Chapter 1, describes Industrial Gas Turbine product scope, market overview, market estimation caveats, and base year.
- Chapter 2, profiles the top manufacturers of Industrial Gas Turbine, with price, sales, revenue, and global market share of Industrial Gas Turbine from 2024 to 2024.
- Chapter 3, the Industrial Gas Turbine competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
- In Chapter 4, the Industrial Gas Turbine breakdown data are shown at the regional level to show the sales quantity, consumption value, and growth by region from 2024 to 2032.
- Chapters 5 and 6, segment the sales by Type and application, with sales market share and growth rate by type, and application, from 2024 to 2032.
Questions Answered in The Industrial Gas Turbine Market Research Report:
- What is the Industrial Gas Turbine market size?
- What are the market driving factors behind the Industrial Gas Turbine market?
- What are the market trends and forecasts for the global Industrial Gas Turbine market?
- What are the trends and forecasts based on market research and analysis of Industrial Gas Turbine market segmentation by type, application, and geography?
- Which are the major global Industrial Gas Turbine companies?
- What is the CAGR and Revenue expected in the future?
Detailed TOC of Global Industrial Gas Turbine Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2032
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1 Industrial Gas Turbine Market Overview
1.1 Introduction
1.2 Market Analysis by Type
1.2.1 Overview: Global Revenue by Type: 2017 Versus 2021 Versus 2032
1.3 Market Analysis by Application
1.4 Global Market Size & Forecast
1.4.1 Global Sales in Value (2017 & 2021 & 2032)
1.4.2 Global Sales in Volume (2024-2032)
1.4.3 Global Price (2024-2032)
1.5 Global Production Capacity Analysis
1.5.1 Global Total Production Capacity (2024-2032)
1.5.2 Global Production Capacity by Geographic Region
1.6 Market Drivers, Restraints and Trends
1.6.1 Industrial Gas Turbine Market Drivers
1.6.2 Industrial Gas Turbine Market Restraints
1.6.3 Industrial Gas Turbine Trends Analysis
2 Manufacturers Profiles
2.1 Manufacture 1
2.1.1 Manufacture 1 Details
2.1.2 Manufacture 1 Major Business
2.1.3 Manufacture 1 Industrial Gas Turbine Product and Services
2.1.4 Manufacture 1 Industrial Gas Turbine Sales, Price, Revenue, Gross Margin and Market Share (2024, 2020, 2021, and 2024)
2.2 Manufacture 2
2.2.1 Manufacture 2 Details
2.2.2 Manufacture 2 Major Business
2.2.3 Manufacture 2 Industrial Gas Turbine Product and Services
2.2.4 Manufacture 2 Industrial Gas Turbine Sales, Price, Revenue, Gross Margin and Market Share (2024, 2020, 2021, and 2024)
2.3 Manufacture 3
2.3.1 Manufacture 3 Details
2.3.2 Manufacture 3 Major Business
2.3.3 Manufacture 3 Industrial Gas Turbine Product and Services
2.3.4 Manufacture 3 Industrial Gas Turbine Sales, Price, Revenue, Gross Margin and Market Share (2024, 2020, 2021, and 2024)
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3 Industrial Gas Turbine Breakdown Data by Manufacturer
3.1 Global Industrial Gas Turbine Sales in Volume by Manufacturer (2024, 2020, 2021, and 2024)
3.2 Global Industrial Gas Turbine Revenue by Manufacturer (2024, 2020, 2021, and 2024)
3.3 Key Manufacturer Market Position in Industrial Gas Turbine
3.4 Market Concentration Rate
3.4.1 Top 3 Industrial Gas Turbine Manufacturers Market Share in 2024
3.4.2 Top 6 Industrial Gas Turbine Manufacturer Market Share in 2024
3.5 Global Industrial Gas Turbine Production Capacity by Company: 2021 VS 2024
3.6 Manufacturer by Geography: Head Office and Industrial Gas Turbine Production Site
3.7 New Entrant and Capacity Expansion Plans
3.8 Mergers & Acquisitions
4 Industrial Gas Turbine Market Analysis by Region
4.1 Global Market Size by Region
4.1.1 Global Sales in Volume by Region (2024-2032)
4.1.2 Global Revenue by Region (2024-2032)
4.2 North America Industrial Gas Turbine Revenue (2024-2032)
4.3 Europe Industrial Gas Turbine Revenue (2024-2032)
4.4 Asia-Pacific Revenue (2024-2032)
4.5 South America Revenue (2024-2032)
4.6 Middle East and Africa Revenue (2024-2032)
5 Industrial Gas Turbine Market Segment by Type
5.1 Global Sales in Volume by Type (2024-2032)
5.2 Global Revenue by Type (2024-2032)
5.3 Global Price by Type (2024-2032)
6 Industrial Gas Turbine Market Segment by Application
6.1 Global Sales in Volume by Application (2024-2032)
6.2 Global Revenue by Application (2024-2032)
6.3 Global Price by Application (2024-2032)
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7 North America by Country, by Type, and by Application
7.1 North America Industrial Gas Turbine Sales by Type (2024-2032)
7.2 North America Industrial Gas Turbine Sales by Application (2024-2032)
7.3 North America Industrial Gas Turbine Market Size by Country
7.3.1 North America Industrial Gas Turbine Sales in Volume by Country (2024-2032)
7.3.2 North America Industrial Gas Turbine Revenue by Country (2024-2032)
7.3.3 United States Market Size and Forecast (2024-2032)
7.3.4 Canada Market Size and Forecast (2024-2032)
7.3.5 Mexico Market Size and Forecast (2024-2032)
8 Europe by Country, by Type, and by Application
8.1 Europe Industrial Gas Turbine Sales by Type (2024-2032)
8.2 Europe Industrial Gas Turbine Sales by Application (2024-2032)
8.3 Europe Industrial Gas Turbine Market Size by Country
8.3.1 Europe Industrial Gas Turbine Sales in Volume by Country (2024-2032)
8.3.2 Europe Industrial Gas Turbine Revenue by Country (2024-2032)
8.3.3 Germany Market Size and Forecast (2024-2032)
8.3.4 France Market Size and Forecast (2024-2032)
8.3.5 United Kingdom Market Size and Forecast (2024-2032)
8.3.6 Russia Market Size and Forecast (2024-2032)
8.3.7 Italy Market Size and Forecast (2024-2032)
9 Asia-Pacific by Region, by Type, and by Application
9.1 Asia-Pacific Industrial Gas Turbine Sales by Type (2024-2032)
9.2 Asia-Pacific Industrial Gas Turbine Sales by Application (2024-2032)
9.3 Asia-Pacific Industrial Gas Turbine Market Size by Region
9.3.1 Asia-Pacific Industrial Gas Turbine Sales in Volume by Region (2024-2032)
9.3.2 Asia-Pacific Industrial Gas Turbine Revenue by Region (2024-2032)
9.3.3 China Market Size and Forecast (2024-2032)
9.3.4 Japan Market Size and Forecast (2024-2032)
9.3.5 Korea Market Size and Forecast (2024-2032)
9.3.6 India Market Size and Forecast (2024-2032)
9.3.7 Southeast Asia Market Size and Forecast (2024-2032)
9.3.8 Australia Market Size and Forecast (2024-2032)
10 South America by Region, by Type, and by Application
10.1 South America Industrial Gas Turbine Sales by Type (2024-2032)
10.2 South America Industrial Gas Turbine Sales by Application (2024-2032)
10.3 South America Industrial Gas Turbine Market Size by Country
10.3.1 South America Industrial Gas Turbine Sales in Volume by Country (2024-2032)
10.3.2 South America Industrial Gas Turbine Revenue by Country (2024-2032)
10.3.3 Brazil Market Size and Forecast (2024-2032)
10.3.4 Argentina Market Size and Forecast (2024-2032)
11 Middle East & Africa by Country, by Type, and by Application
11.1 Middle East & Africa Industrial Gas Turbine Sales by Type (2024-2032)
11.2 Middle East & Africa Industrial Gas Turbine Sales by Application (2024-2032)
11.3 Middle East & Africa Industrial Gas Turbine Market Size by Country
11.3.1 Middle East & Africa Industrial Gas Turbine Sales in Volume by Country (2024-2032)
11.3.2 Middle East & Africa Industrial Gas Turbine Revenue by Country (2024-2032)
11.3.3 Turkey Market Size and Forecast (2024-2032)
11.3.4 Egypt Market Size and Forecast (2024-2032)
11.3.5 Saudi Arabia Market Size and Forecast (2024-2032)
11.3.6 South Africa Market Size and Forecast (2024-2032)
12 Raw Material and Industry Chain
12.1 Raw Material of Industrial Gas Turbine and Key Manufacturers
12.2 Manufacturing Costs Percentage of Industrial Gas Turbine
12.3 Industrial Gas Turbine Production Process
12.4 Industrial Gas Turbine Industrial Chain
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.2 Industrial Gas Turbine Typical Distributors
13.3 Industrial Gas Turbine Typical Customers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Research Process and Data Source
15.3 Disclaimer
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