USD 3.44 Billion
Aeroderivative Gas Turbine Market Size, Share, and Growth Analysis
Aeroderivative Gas Turbine Market By Capacity (> 1 to 30 MW, >50 to 500 kW), By Technology (Open Cycle, Combined Cycle), By Application (Oil and Gas, Manufacturing), Region -Industry Forecast 2025-2032
Report ID:
SQMIG10C2036 |
Region:
Global |
Published Date: January, 2025
Pages:
178
|Tables:
93
|Figures:
69
Format -
Aeroderivative Gas Turbine Market Insights
Global Aeroderivative Gas Turbine Market size was valued at USD 3.44 Billion in 2023 and is poised to grow from USD 3.61 Billion in 2024 to USD 5.20 Billion by 2032, growing at a CAGR of 4.7% in the forecast period (2025-2032).
The global aeroderivative gas turbine market is poised for significant growth in the upcoming years due to various factors including the escalating demand for electricity, particularly in regions with limited grid access or instability. The increasing adoption of low-carbon and renewable energy sources necessitating aeroderivative gas turbines as backup power sources, and advancements in turbine design enhancing their competitiveness and appeal for diverse applications.
The factor that is expected to drive the growth of the global aeroderivative gas turbine market is curbing carbon emission, and traditional power plants are being replaced by gas turbine power plants for power generation. The capability of generating a large amount of power with more efficiency and wastage, which tends to growth of global aeroderivative gas turbine industry.
The aeroderivative gas turbine has been widely used in power plants for clean energy generation. The rise in demand for renewable sources of energy from the increasing world population and the increase in industrial activities, which resulted in the expansion of CHP plants with developing distribution power generation technologies.
Market snapshot - (2025-2032)
Global Market Size
Largest Segment
Oil and Gas
Fastest Growth
Manufacturing
Growth Rate
4.7% CAGR
Global Aeroderivative Gas Turbine Market ($ Bn)
Country Share for North America Region (%)
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Aeroderivative Gas Turbine Market Segments Analysis
The global aeroderivative gas turbine market is segmented by capacity, technology, application and region. Based on capacity, the market is segmented into ≤ 50 KW, > 50 to 500 KW, > 500 KW to 1 MW, > 1 to 30 MW, > 30 to 70 MW and > 70 MW. Based on technology, the market is segmented into open cycle and combined cycle. Based on application, the market is segmented into power plants, oil and gas, process plants, manufacturing, aviation, marine and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Category
As per global aeroderivative gas turbine market outlook, the >1 to 30 MW segment is expected to dominate the market. It has wide application in the on-sight electricity generation plants like combined heat and power systems etc. Also, it emits low carbon during the process and very fewer electricity costs associated with the system. Turbines in this range are highly suitable for medium-scale power generation, industrial applications, and combined heat and power (CHP) systems. Industries such as oil and gas, manufacturing, utilities, and district heating rely heavily on turbines of this capacity for their operations.
As per global aeroderivative gas turbine market forecast, the >50 to 500 kW segment is the fastest growing in the market, primarily catering to medium-scale power generation and industrial applications. This segment is ideal for industries requiring distributed energy solutions, such as manufacturing plants, data centers, and small-scale utilities. It bridges the gap between smaller turbines (<50 kW) and larger industrial-grade turbines (>500 kW), making it a versatile choice for diverse use cases. With the growing emphasis on decentralized power generation, particularly in remote and off-grid areas, the >50 to 500 kW turbines provide a reliable and efficient solution.
Analysis by Raw Material
The oil and gas segment dominated the aeroderivative gas turbine market. Aeroderivative gas turbines are preferred for their high-power density, low emissions, fast start-up, and flexibility to operate on various fuels, such as natural gas, diesel, and flare gas. They are used to drive compressors, pumps, generators, and mechanical loads. The oil and gas segment can propel the aeroderivative gas turbine market growth, as the global demand for oil and gas is projected to increase, especially in the emerging markets, such as China, India, and Southeast Asia. Moreover, the increasing adoption of liquefied natural gas (LNG) and compressed natural gas (CNG) as cleaner and cheaper alternatives to oil will boost the sales for aeroderivative gas turbines for LNG and CNG production and transportation.
The manufacturing segment is the fastest growing in the aeroderivative gas turbine market includes the production of aeroderivative gas turbines and their components, such as compressors, combustors, turbines, and generators. The major manufacturers of aeroderivative gas turbines are General Electric, Siemens, Mitsubishi Hitachi Power Systems, Kawasaki Heavy Industries, Solar Turbines, and Ansaldo Energia. These companies have a strong presence in North America, Europe, and Asia Pacific, where they compete based on product innovation, quality, performance, and price. The manufacturing segment is expected to witness a moderate growth rate, as the demand for aeroderivative gas turbines is influenced by the economic and environmental factors affecting the end-use industries.
Global Aeroderivative Gas Turbine Market By Raw Material (%)
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Aeroderivative Gas Turbine Market Regional Insights
As per aeroderivative gas turbine market analysis, North America is anticipated to hold a dominant position in the aeroderivative gas turbine market, owing to the increasing demand for natural gas-fired power plants, the growing adoption of renewable energy sources, and the stringent environmental regulations. According to the U.S. Energy Information Administration (EIA), natural gas accounted for 38% of the total electricity generation in the U.S. in 2019 and is projected to increase to 41% by 2021. Aeroderivative gas turbines are preferred for natural gas-fired power plants, as they offer high efficiency, low emissions, and fast start-up and ramp-up capabilities.
Asia Pacific is the fastest growing in the market driven by the rapid industrialization and electrification in countries such as China, India, Japan, and South Korea. The region is witnessing a surge in the demand for power generation, especially from the industrial and commercial sectors, which require reliable, flexible, and efficient power supply. Aeroderivative gas turbines are ideal for meeting the peak load and emergency power needs of these sectors, as they can be installed in remote and isolated areas, and can operate on various fuels, such as natural gas, diesel, and biogas. Moreover, the region is also investing in the development of renewable energy sources, such as wind and solar, which require backup power sources to ensure grid stability.
Global Aeroderivative Gas Turbine Market By Geography
- Largest
- Fastest
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Aeroderivative Gas Turbine Market Dynamics
Drivers
Increasing Demand for Gas Turbines in Power Generation
- The main factor driving the growth of the aeroderivative gas turbine market is the increasing demand for electricity worldwide. Gas turbines are used to generate electricity in a wide range of applications, including power plants, industrial facilities, and remote locations. Aeroderivative gas turbines are ideal for power generation because they are efficient, reliable, and can operate on a wide range of fuels.
Growing Adoption of Aeroderivative Gas Turbines in Oil and Gas Industry
- The oil and gas industry are one of the largest consumers of aeroderivative gas turbines. These turbines are used to power a range of equipment in the oil and gas industry, including compressors, pumps, and generators. Aeroderivative gas turbines are particularly suitable for use in the oil and gas industry because they are lightweight, compact, and can be used in harsh environmental conditions.
Restraints
High Initial Costs and Maintenance Expenses
- One of the significant restraints in the aeroderivative gas turbine market is the high upfront investment required for the procurement and installation of these turbines. Additionally, the specialized nature of aeroderivative turbines demands advanced maintenance practices and skilled personnel, which further increases operational expenses. These financial barriers can deter smaller industries or facilities from adopting these systems, especially in cost-sensitive markets.
Competition from Renewable Energy Sources
- The increasing adoption of renewable energy sources, such as solar, wind, and hydropower, poses a challenge to the aeroderivative gas turbine market. Governments and organizations worldwide are promoting renewable energy projects through subsidies and incentives, making them a more attractive and sustainable option. This shift in focus toward cleaner energy alternatives reduces the potential demand for gas turbines, especially in regions with stringent environmental regulations.
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Aeroderivative Gas Turbine Market Competitive Landscape
The global aeroderivative gas turbine industry is characterized by intense competition among key players, driven by technological advancements and the growing demand for cleaner and more efficient energy solutions. Major companies, such as General Electric (GE), Siemens Energy, Mitsubishi Power, and Rolls-Royce, dominate the market through their robust product portfolios, cutting-edge innovations, and global presence. These players are actively engaging in strategic initiatives, including partnerships, acquisitions, and research collaborations, to strengthen their market position.
Top Players in Aeroderivative Gas Turbine Market
- Ansaldo Energia
- Baker Hughes
- Capstone Green Energy
- Collins Aerospace
- Destinus Energy
- Doosan Enerbility
- General Electric
- Harbin Electric
- Honeywell International
- Kawasaki Heavy Industries
- MAN Energy Solutions
- Mitsubishi Heavy Industries
- Nanjing Turbine & Electric Machinery
Recent Developments
- In May 2024, Baker Hughes, in collaboration with Tecnimont (MAIRE), was awarded a contract to provide 20 compression trains to enhance gas production at the Hassi R’Mel gas field in Algeria.
- In March 2024, Doosan Enerbility officially entered the aircraft engine development sector, building on its expertise from gas turbine technology for power generation. The company plans to leverage its advanced design, materials, and high-temperature endurance capabilities to develop aircraft engines, focusing initially on unmanned aerial vehicles (UAVs).
- In October 2022, General Electric’s gas turbines were installed in California in response to the follow-up to the emergency order. The emergency order was issued to protect the state’s power grid.
Aeroderivative Gas Turbine Key Market Trends
- Increasing Demand for Gas Turbines in Marine Applications: Aeroderivative gas turbines are used to drive a variety of marine vessels, including ships, boats, and submarines. The use of aeroderivative gas turbines in marine applications is expected to continue rising as the demand for more efficient power provision mechanisms increases. It should be noted that the turbines are particularly suitable for marine applications since they are lightweight, compact, and harsh-tolerant. Additionally, they are fuel-efficient, and they can use a variety of fuels to power, including natural gas, diesel, and jet fuel.
- R&D Investment in Fuel Flexibility and Efficiency: Significant R&D investments in fuel flexibility and efficiency are critical for staying competitive. GE has committed over $1 billion to develop turbines capable of operating on hydrogen and biofuels, targeting markets with stringent emission regulations. Siemens Energy aims for 100% hydrogen readiness by 2030, with its new turbine models achieving higher efficiency and reduced carbon footprints. These innovations cater to the growing demand for sustainable and adaptable power generation solutions.
Aeroderivative Gas Turbine Market SkyQuest Analysis
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, demand for aeroderivative gas turbines is increasing as they offer advantages, such as reliability, efficiency, flexibility, and smaller footprint. They are based on advanced aircraft engine technologies and materials, which make them much lighter, faster, and smaller than heavy industrial gas turbines. They can achieve up to forty five percent efficiency, compared to thirty five percent for heavier gas turbines, which can further lead to global aeroderivative gas turbine market growth. In Asia, they are used in power trains for Liquefied Natural Gas (LNG) plants, whereas in the USA, they are mainly used for peaking power plant operations. This has significantly increased the market size. Furthermore, the growing global demand for electricity and the need to reduce emissions have made reliable, efficient, flexible, and compact heat and power tools, a critical need for industrial and utility operators.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.44 Billion |
| Market size value in 2032 | USD 5.20 Billion |
| Growth Rate | 4.7% |
| Base year | 2024 |
| Forecast period | (2025-2032) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Aeroderivative Gas Turbine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Aeroderivative Gas Turbine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Aeroderivative Gas Turbine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Aeroderivative Gas Turbine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Aeroderivative Gas Turbine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Aeroderivative Gas Turbine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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