How big is the Industrial Gas Turbine Market?

The Industrial Gas Turbine Market size is expected to reach USD 9.13 billion in 2024 and grow at a CAGR of 6.51% to reach USD 12.52 billion by 2029. Read More

What is the current Industrial Gas Turbine Market size?

In 2024, the Industrial Gas Turbine Market size is expected to reach USD 9.13 billion. Read More

Who are the key players in Industrial Gas Turbine Market?

Siemens AG, Mitsubishi Heavy Industries Ltd, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd and General Electric Company are the major companies operating in the Industrial Gas Turbine Market. Read More

Which is the fastest growing region in Industrial Gas Turbine Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Industrial Gas Turbine Market?

In 2024, the North America accounts for the largest market share in Industrial Gas Turbine Market. Read More

What years does this Industrial Gas Turbine Market cover, and what was the market size in 2023?

In 2023, the Industrial Gas Turbine Market size was estimated at USD 8.54 billion. The report covers the Industrial Gas Turbine Market historical market size for years: 2021, 2022 and 2023. The report also forecasts the Industrial Gas Turbine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What role do technological advancements play in driving Industrial Gas Turbine Market growth?

Technological advancements in Industrial Gas Turbines drive market growth by a) Improving efficiency, reducing emissions, and enhancing operational flexibility B) Innovations such as advanced combustion systems, turbine materials, and digital control systems enable gas turbines to operate more reliably Read More

What are the emerging trends in the Industrial Gas Turbine Market?

The emerging trends in the Industrial Gas Turbine Market are a) Adoption of hydrogen co-firing technology b) Increasing focus on clean energy solutions like ammonia-fired gas turbines c) Advancements in digitalization and predictive maintenance for improved turbine performance and reliability Read More

What role do technological advancements play in driving Industrial Gas Turbine Market growth?

Technological advancements in Industrial Gas Turbines drive market growth by a) Improving efficiency, reducing emissions, and enhancing operational flexibility B) Innovations such as advanced combustion systems, turbine materials, and digital control systems enable gas turbines to operate more reliably Read More

Industrial Gas Turbine Market Share

Statistics for the 2023 & 2024 Industrial Gas Turbine market share, created by Mordor Intelligence™ Industry Reports. Industrial Gas Turbine share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Industrial Gas Turbine Industry

The industrial gas turbine market is fragmented, with a number of players active in the market. Some of the major companies are General Electric Company, Siemens AG, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd, and Mitsubishi Heavy Industries Ltd.