Gas Turbine Market Set to Surge: Innovations, Growth Drivers, and Future Opportunities 2025-2032 | Top Companies - General Electric Co., Fluor Corporation, Siemens Ag.

Market Overview:

The Global Gas Turbine Market is estimated to grow at a CAGR of 4.7% during the forecast period 2024-2031.

The Gas Turbine Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Gas Turbine Market encompasses the global industry involved in the manufacturing, sales, and maintenance of gas turbines used for power generation, aviation, and industrial applications. These turbines operate on combustion of fuel to produce mechanical energy, offering high efficiency and reliability. Market growth is driven by increasing energy demand, renewable integration, and advancements in turbine technology worldwide.

Recent Key Developments of United States:

✅ November 2025: Constellation Energy announced plans for 5.8 GW of new gas, nuclear, and battery storage in Maryland, including over 700 MW of quick-deploy, hydrogen-ready natural gas turbines to enhance grid reliability.
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✅ November 2025: The Los Angeles Department of Water and Power (LADWP) approved an $800 million project to retrofit Scattergood Station with hydrogen-capable combined-cycle gas turbines, delivering 840 MW capacity starting with 30% green hydrogen.
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✅ November 2025: Texas approved fast-track loans for a 455 MW hydrogen-ready fast-start gas turbine plant near Houston through the Texas Energy Infrastructure Fund, focusing on grid stability and future-proof power.​

Recent Key Developments of Europe:

✅ November 2025: GE Vernova secured an order from Poland's Enea Group for two 9HA.01 H-Class gas turbines for the Kozienice Power Station, a 1.2 GW combined-cycle plant set to cut emissions by up to 60% compared to coal and begin operations in 2029.
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✅ November 2025: GE Vernova expanded its European presence with an 85 MW onshore gas power deal in Romania, booked in Q2 2025 but contributing to ongoing regional growth in efficient turbine deployments.​

✅ October-November 2025: Siemens Energy reported record-high gas turbine orders in 2025, nearly doubling to 194 units globally from 100 in 2024, driven by U.S. and European data center demand, though Europe emphasized flexible generation amid LNG volatility.
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List of the Key Players in the Gas Turbine Market:

General Electric Co.
Fluor Corporation
Siemens Ag
Mitsubishi Heavy Industries, Ltd
Bechtel Corporation
Wood Group Gts
Amec Foster Wheeler Plc
Sulzer Corporation
Babcock & Wilcox Enterprises Inc.
Tgm Turbinas (Now Weg Sa)

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This Report Covers:

✔ Go-to-market Strategy.

✔ Neutral perspective on the market performance.

✔Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, and other significant analysis, as well as development status.

✔Customized regional/country reports as per request and country level analysis.

✔ Potential & niche segments and regions exhibiting promising growth covered.

✔ Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

Segments Covered in the Gas Turbine Market:

By Design Type: Heavy-Duty Gas Turbines, Industrial Gas Turbines, Aeroderivative Gas Turbines.

By Technology: Open Cycle, Combined Cycle.

By Capacity: Less than 40 MW, 40 MW- 120 MW, 120 MW- 300 MW, Above 300 MW.

By Application: Power Generation, Oil & Gas, Aerospace, Marine, Others.

Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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Chapter Outline

⏩ Market Overview: It contains five chapters, as well as information about the research scope, major manufacturers covered, market segments, Gas Turbine market segments, study objectives, and years considered.

⏩ Market Landscape: The competition in the Global Gas Turbine Market is evaluated here in terms of value, turnover, revenues, and market share by organization, as well as market rate, competitive landscape, and recent developments, transaction, growth, sale, and market shares of top companies.

⏩ Companies Profiles: The Global Gas Turbine market's leading players are studied based on sales, main products, gross profit margin, revenue, price, and growth production.

⏩ Market Outlook by Region: The report goes through gross margin, sales, income, supply, market share, CAGR, and market size by region in this segment. North America, Europe, Asia Pacific, Middle East & Africa, and South America are among the regions and countries studied in depth in this study.

⏩ Market Segments: It contains the deep research study which interprets how different end-user/application/type segments contribute to the Gas Turbine Market.

⏩ Market Forecast: Production Side: In this part of the report, the authors have focused on production and production value forecast, key producers forecast, and production and production value forecast by type.

⏩ Research Findings: This section of the report showcases the findings and analysis of the report.

⏩ Conclusion: This portion of the report is the last section of the report where the conclusion of the research study is provided.

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People Also Ask:

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