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Industrial Gas Turbine Market size was valued at USD 5.8 billion in 2019 and is poised to grow from USD 6.13 billion in 2023 to USD 8.96 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The industrial gas turbine market is fragmented, with a prominent market player acquiring a sizable portion. Several large firms are forming multiple strategic alliances in order to increase their market share and get a competitive edge. 'Siemens Energy)', 'General Electric Company', 'Mitsubishi Hitachi Power Systems Ltd.', 'Kawasaki Heavy Industries, Ltd.', 'Ansaldo Energia S.p.A.', 'Bharat Heavy Electricals Limited', 'Harbin Electric Company Limited', 'MAN Energy Solutions SE', 'Solar Turbines Incorporated', 'Kawasaki Gas Turbine Asia Sdn Bhd', 'Doosan Heavy Industries & Construction Co Ltd', 'Turboden S.p.A.', 'Vericor Power Systems', 'Niigata Power Systems Co Ltd', 'Capstone Green Energy Corporation', 'Dresser-Rand Group Inc.', 'Cummins Inc.', 'Wärtsilä Corporation', 'OPRA Turbines BV', 'MTU Aero Engines AG'

Gas Turbine Technology Drives Market Growth by Reducing Greenhouse Emissions

Emerging Economies Offering Growth Avenues

Based on region, industrial gas turbine market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa.

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Global Industrial gas turbine market

Product ID: SQMIG20L2012