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Europe Gas Turbine Market Set to Reach USD 9.33 Billion by 2030, Driven by Shift to High-Efficiency CCGTs
Europe Gas Turbine Market
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Germany stands as the leading regional market, responsible for 22% of the 2024 revenue, while Spain emerges as the region's fastest-growing market driven by grid modernization and renewables integration. End-user demand is especially high among utilities and energy-hungry data centers, where modular turbines deliver near-instant power and operational resilience.
Key Highlights from the Report
Six key points underscore the latest market dynamics:
➤ Combined-cycle gas turbines (CCGTs) account for 61% of the European market share in 2024.
➤ Turbines above 120 MW comprise 40% of market share, while sub-30 MW units post record growth.
➤ Germany leads in market revenue; Spain posts the fastest CAGR at 5.8% through 2030.
➤ Natural gas dominates as turbine fuel, holding a 76% share, while alternative fuels surge at 8.5% CAGR.
➤ Utility sector remains primary end user, securing 64% market share, with industrials gaining pace.
➤ Hydrogen-ready and digitalized turbine upgrades attract green finance and unlock new value streams.
Market Segmentation
The Europe Gas Turbine Market spans diverse categories. By capacity, large turbines (above 120 MW) lead due to their grid-stabilizing role, while smaller units below 30 MW-favored by data centers and distributed energy-post the fastest expansion. Combined-cycle plants dominate based on cycle, driven by flexible start times and superior efficiency, while CHP/cogeneration segments are accelerating, thanks to heat grid modernization incentives and EU policy recognition. Natural gas continues as the fuel of choice, but hydrogen, synthetic methane, and biogas adoption underpin sharp growth in alternative fuels. Utilities remain the largest end-users, although industrial sectors from marine to manufacturing increasingly deploy turbines for on-site generation and resilience.
Regional Insights
European gas turbine dynamics are shaped by local policy and energy requirements. Germany's transition from coal and nuclear to hydrogen-ready CCGTs propels market leadership, with investments exceeding EUR 1.6 billion in recent gas capacity. Spain's emphasis on balancing high renewables penetration accelerates the need for fast-ramping peaking turbines and grid upgrades. The UK and Netherlands benefit from capacity auctions and hydrogen import infrastructure, while France and Italy bolster diversification with life-extension upgrades and support for large cogeneration plants. Other regions, including Scandinavia, embrace synthetic-methane pilots and distributed microgrids to reinforce grid stability.
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Market Dynamics
Market Drivers
Utility decarbonization, renewables intermittency, and the retirement of fossil-fuel fleets compel investment in fast, efficient, and flexible gas turbines. Hydrogen-ready retrofits, green-finance incentives, and the rise of data centers further energize demand for modular, digitalized turbine solutions.
Market Restraints
Battery storage cost declines are reducing the competitiveness of open-cycle peaker turbines, while EU ETS carbon price hikes constrain CCGT dispatch economics. Volatility in LNG prices and increasing methane-leakage scrutiny add operational uncertainty and slow new-build pipeline approvals.
Market Opportunities
Hydrogen and synthetic fuel integration, particularly through green-finance aligned retrofits, creates fresh addressable markets. Aero-derivative turbines for resilient microgrids, OEM digitalization for predictive maintenance, and hybrid battery-turbine solutions unlock new business models and revenue streams.
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Reasons to Buy the Report
✔ Comprehensive capacity and fuel-based segmentation with growth projections
✔ Detailed regional analysis highlighting country-specific investment trends
✔ Insightful competitive analysis of market leaders and innovation strategies
✔ Case studies demonstrating hydrogen-ready retrofits and digital upgrades
✔ Actionable intelligence on end-user trends, new applications, and technology pivot points
Frequently Asked Questions (FAQs)
◆ How big is the Europe Gas Turbine Market size as of 2025?
◆ Which region dominates the European gas turbine market revenue?
◆ What is the projected growth rate (CAGR) of the European gas turbine market?
◆ Who are the leading players in the European gas turbine industry?
◆ How is the hydrogen-ready transition influencing market opportunities?
Company Insights
General Electric Company
Mitsubishi Hitachi Power Systems Ltd
Siemens AG
Kawasaki Heavy Industries Ltd
Ansaldo Energia S.p.A.
Recent Developments:
In April 2025, EnBW commissioned Germany's first hydrogen-capable CCGT plant in Stuttgart-Münster, paving the way for 100% green hydrogen combustion by 2030.
In January 2025, EthosEnergy secured a landmark master service agreement with EDF, covering upgrades and maintenance for 20 turbines in France and overseas territories.
Conclusion
The Europe Gas Turbine Market is rapidly evolving in response to the energy transition, grid modernization, and decarbonization mandates. With Germany and Spain setting the pace, and with a shift toward digital, flexible, and hydrogen-ready technologies, sector growth remains robust through 2030. Leading OEMs continue to innovate, positioning Europe as a benchmark for gas turbine deployment in a low-carbon future.
Contact Us
Mr. Sai Kiran
DataM Intelligence 4market Research LLP Ground floor
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Uppal, Hyderabad, Telangana 500039
USA: +1 877-441-4866
Email: Sai.k@datamintelligence.com
Visit Our Website: https://www.datamintelligence.com
About Us
DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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