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Gas Turbine Electrical Power Generation Market, Global Outlook and Forecast 2023-2032

  • Writer: Siddhi Patil
    Siddhi Patil
  • Dec 14, 2023
  • 4 min read

The global Gas Turbine Electrical Power Generation market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


This report aims to provide a comprehensive presentation of the global market for Gas Turbine Electrical Power Generation, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine Electrical Power Generation. This report contains market size and forecasts of Gas Turbine Electrical Power Generation in global, including the following market information:

Report Sample includes:


- Table of Contents


- List of Tables & Figures


- Charts


- Research Methodology




Global Gas Turbine Electrical Power Generation Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Gas Turbine Electrical Power Generation Market Sales, 2018-2023, 2024-2029, (Units)

Global top five Gas Turbine Electrical Power Generation companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

Open Cycle Gas Turbine(OCGT) Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Gas Turbine Electrical Power Generation include Doosan Heavy Industries & Construction Co Ltd, Mitsubishi Heavy Industries, Ltd, MJB International, Siemens AG, General Electric(GE), PW Power Systems, Solar Turbines Incorporated, Dresser-Rand and Kawasaki Heavy Industries, Ltd., etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the Gas Turbine Electrical Power Generation manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Gas Turbine Electrical Power Generation Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Gas Turbine Electrical Power Generation Market Segment Percentages, by Type, 2022 (%)


  • Open Cycle Gas Turbine(OCGT)

  • Combined Cycle Gas Turbine(CCGT)

Global Gas Turbine Electrical Power Generation Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Gas Turbine Electrical Power Generation Market Segment Percentages, by Application, 2022 (%)


  • Oil & Gas

  • Power Generation

  • Other

Global Gas Turbine Electrical Power Generation Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Gas Turbine Electrical Power Generation Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Gas Turbine Electrical Power Generation revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Gas Turbine Electrical Power Generation revenues share in global market, 2022 (%)

  • Key companies Gas Turbine Electrical Power Generation sales in global market, 2018-2023 (Estimated), (Units)

  • Key companies Gas Turbine Electrical Power Generation sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:


  • Doosan Heavy Industries & Construction Co Ltd

  • Mitsubishi Heavy Industries, Ltd

  • MJB International

  • Siemens AG

  • General Electric(GE)

  • PW Power Systems

  • Solar Turbines Incorporated

  • Dresser-Rand

  • Kawasaki Heavy Industries, Ltd.

  • MAN Diesel & Turbo SE

  • OPRA Technologies AS

  • MTU AERO ENGINES AG

  • Wood Group

  • Chromalloy Gas Turbine LLC

  • EthosEnergy

  • NYE Thermodynamics Corporation

  • Urban Green Energy

  • Enercon GmbH

  • International Aero Engines AG

  • Suzlon Energy Limited

Outline of Major Chapters:


Chapter 1: Introduces the definition of Gas Turbine Electrical Power Generation, market overview.

Chapter 2: Global Gas Turbine Electrical Power Generation market size in revenue and volume.

Chapter 3: Detailed analysis of Gas Turbine Electrical Power Generation manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Gas Turbine Electrical Power Generation in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Gas Turbine Electrical Power Generation capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

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