Global Process Plants Gas Turbine Market Growth Accelerates: Strategic Forecast Predicts $3.07 Billion by 2029

Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Process Plants Gas Turbine Industry Market Size Be by 2025?
The valuation of the gas turbine market for process applications has experienced substantial expansion over the recent timeframe, projected to increase from its 2024 figure of $2.22 billion to reach $2.36 billion by 2025, signifying a consistent compound annual growth rate (CAGR) of 6.5%. This upward trajectory observed historically is fundamentally linked to escalating power requirements within developing nations, the broadening scope of industrial facilities, various governmental supports promoting enhanced energy efficiency, the upswing in the exploration and extraction activities within the petroleum and natural gas sectors, and the wider integration of combined cycle power generation installations.

What's the Long-Term Growth Forecast for the Process Plants Gas Turbine Market Size Through 2029?
Anticipation suggests a robust expansion for the process gas turbine market over the ensuing years, projecting its valuation to reach $3.07 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.8%. This upward trajectory during the forecast horizon is fueled by several key facilitators: a discernible movement towards incorporating renewable and reduced-emission energy sources, heightened attention being paid to turbines compatible with hydrogen and biofuels, progressive developments in turbines featuring enhanced smart capabilities and superior efficiency, escalating capital outlay within industrial cogeneration projects, and an increasing need for power generation solutions that are both decentralized and distributed. Key movements shaping this period encompass the assimilation of digital twin technology, the introduction of sophisticated materials aimed at boosting operational efficiency, embedding AI-driven solutions for proactive maintenance scheduling, the development of hybrid turbine architectures alongside low-emission variants, and refinements focused on optimizing the performance of combined-cycle systems.

View the full report here:
https://www.thebusinessresearchcompany.com/report/process-plants-gas-turbine-global-market-report

What Are the Key Growth Drivers Fueling the Process Plants Gas Turbine Market Expansion?
Advancements in infrastructure construction are anticipated to fuel the expansion of the market for gas turbines utilized in process plants moving ahead. This infrastructure progression encompasses the building and upgrading of critical physical structures and networks vital for sustaining industrial functions and economic output. Such an upswing in infrastructure building is being spurred by governmental strategic actions and advantageous monetary environments, where reduced borrowing costs lower the expense associated with funding projects, thus motivating capital deployment in construction by both governmental and private entities. As infrastructure initiatives multiply, so too does the necessity for gas turbines, given their fundamental role in guaranteeing dependable electricity production and mechanical operation for newly established industrial and processing facilities. To illustrate this trend, data from the U.S. Energy Information Administration (EIA), a United States federal body, indicated in June 2025 that constructors plan to integrate 18.7 gigawatts (GW) of combined-cycle capability into the electrical system by 2028, noting that 4.3 GW is presently undergoing construction. Consequently, the increasing pace of infrastructure development serves as a key impetus for the market's advancement in process plant gas turbines.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=29156&type=smp

What Are the Key Trends Driving Process Plants Gas Turbine Market Growth?
Leading enterprises within the process plant gas turbine sector are concentrating their efforts on creating sophisticated offerings, exemplified by domestically produced gas turbines that incorporate digital technologies to enhance operational performance, decrease environmental pollutants, and augment dependability. These locally manufactured gas turbines, enhanced with digital oversight and operational mechanisms, are specifically engineered for superior effectiveness, trustworthiness, and easier upkeep. As an illustration, in the tenth month of 2024, Technopromexport, which is a division of the Russian power sector corporation Rostec, brought online the third power generation module at the Udarnaya thermal power facility in the Krasnodar region, featuring the GTD-110M turbine; this segment reached its peak power generation capacity of 115 megawatts and successfully completed exhaustive evaluations, which included an uninterrupted seventy-two-hour run at maximum capability, thereby confirming its stability and seamless connection to the national power grid of Russia. The engineering of this indigenous gas turbine prioritizes superior energy utilization, a smaller physical footprint, and reduced mass when contrasted with imported models, all while integrating cutting-edge digital advancements, such as employing additive manufacturing techniques for essential elements like the swirlers situated within the reduced-emission combustion assembly.

How Is the Process Plants Gas Turbine Market Segmented?
The process plants gas turbinemarket covered in this report is segmented -

1) By Type: Aero-Derivative Gas Turbines, Heavy-Duty Gas Turbines
2) By Fuel Type: Natural Gas, Distillate Liquid, Dual Fuel
3) By Technology: Open Cycle, Combined Cycle
4) By Capacity: Less Than 50 Kilowatts (KW), 50 Kilowatts (KW) To 500 Kilowatts (KW), 500 Kilowatts (KW) To 1 Megawatts (MW), 1 Megawatts (MW) To 30 Megawatts (MW), Above 30 Megawatts (MW)
5) By Application: Oil And Gas, Chemicals And Petrochemicals, Power Generation, Water And Wastewater Treatment, Metals And Mining, Pulp And Paper

Subsegments:
1) By Aero-Derivative Gas Turbines: Single-Shaft Gas Turbines, Two-Shaft Gas Turbines, Marine Gas Turbines, Industrial Gas Turbines
2) By Heavy-Duty Gas Turbines: Frame Gas Turbines, Industrial Gas Turbines, Combined Cycle Gas Turbines, Simple Cycle Gas Turbines

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=29156&type=smp

Which Companies Are Leading the Charge in Process Plants Gas Turbine Market Innovation?
Major companies operating in the process plants gas turbine market are Siemens Energy AG, GE Vernova, Inc., MITSUBISHI ELECTRIC CORPORATION, Caterpillar Inc. (Turbomach S.A.), Baker Hughes Company, Rolls-Royce Holdings plc, MAN Energy Solutions, IHI Corporation, Kawasaki Heavy Industries Ltd., Wärtsilä Oyj Abp, Doosan Group, Harbin Electric Company Limited, Shanghai Electric Group Company Limited, Nanjing Turbine & Electric Machinery, Bharat Heavy Electricals Limited, Centrax Gas Turbines Ltd., Capstone Green Energy Holdings, Inc., OPRA Turbines B.V., Vericor Power Systems LLC, Enerflex Ltd., EthosEnergy Group, Cryostar SAS, Destinus Energy, Liburdi Turbine Services Inc., Flex Energy Solutions, Hanwha Power Systems Co., Ltd.

Which Regions Are Leading the Global Process Plants Gas Turbine Market in Revenue?
Asia-Pacific was the largest region in the process plants gas turbine market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the the process plants gas turbine market market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=29156

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 310-496-7795
Europe +44 7882 955267
Asia & Others +44 7882 955267 & +91 8897263534
Email us at info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.