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Global Industrial Gas Turbines Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032

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1 Market Overview

  • 1.1 Product Overview and Scope
  • 1.2 Market Estimation Caveats and Base Year
  • 1.3 Market Analysis by Type
    • 1.3.1 Overview: Global Industrial Gas Turbines Consumption Value by Type: 2021 Versus 2025 Versus 2032
    • 1.3.2 Less Than 20MW
    • 1.3.3 More Than 20MW
  • 1.4 Market Analysis by Application
    • 1.4.1 Overview: Global Industrial Gas Turbines Consumption Value by Application: 2021 Versus 2025 Versus 2032
    • 1.4.2 Power Generation
    • 1.4.3 Oil and Gas
    • 1.4.4 Other
  • 1.5 Global Industrial Gas Turbines Market Size & Forecast
    • 1.5.1 Global Industrial Gas Turbines Consumption Value (2021 & 2025 & 2032)
    • 1.5.2 Global Industrial Gas Turbines Sales Quantity (2021-2032)
    • 1.5.3 Global Industrial Gas Turbines Average Price (2021-2032)

2 Manufacturers Profiles

  • 2.1 GE
    • 2.1.1 GE Details
    • 2.1.2 GE Major Business
    • 2.1.3 GE Industrial Gas Turbines Product and Services
    • 2.1.4 GE Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.1.5 GE Recent Developments/Updates
  • 2.2 Siemens
    • 2.2.1 Siemens Details
    • 2.2.2 Siemens Major Business
    • 2.2.3 Siemens Industrial Gas Turbines Product and Services
    • 2.2.4 Siemens Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.2.5 Siemens Recent Developments/Updates
  • 2.3 MHPS
    • 2.3.1 MHPS Details
    • 2.3.2 MHPS Major Business
    • 2.3.3 MHPS Industrial Gas Turbines Product and Services
    • 2.3.4 MHPS Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.3.5 MHPS Recent Developments/Updates
  • 2.4 Ansaldo
    • 2.4.1 Ansaldo Details
    • 2.4.2 Ansaldo Major Business
    • 2.4.3 Ansaldo Industrial Gas Turbines Product and Services
    • 2.4.4 Ansaldo Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.4.5 Ansaldo Recent Developments/Updates
  • 2.5 Kawasaki
    • 2.5.1 Kawasaki Details
    • 2.5.2 Kawasaki Major Business
    • 2.5.3 Kawasaki Industrial Gas Turbines Product and Services
    • 2.5.4 Kawasaki Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.5.5 Kawasaki Recent Developments/Updates
  • 2.6 Solar Turbines
    • 2.6.1 Solar Turbines Details
    • 2.6.2 Solar Turbines Major Business
    • 2.6.3 Solar Turbines Industrial Gas Turbines Product and Services
    • 2.6.4 Solar Turbines Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.6.5 Solar Turbines Recent Developments/Updates
  • 2.7 MAN Energy
    • 2.7.1 MAN Energy Details
    • 2.7.2 MAN Energy Major Business
    • 2.7.3 MAN Energy Industrial Gas Turbines Product and Services
    • 2.7.4 MAN Energy Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.7.5 MAN Energy Recent Developments/Updates
  • 2.8 BHEL
    • 2.8.1 BHEL Details
    • 2.8.2 BHEL Major Business
    • 2.8.3 BHEL Industrial Gas Turbines Product and Services
    • 2.8.4 BHEL Industrial Gas Turbines Sales Quantity, Average Price, Revenue, Gross Margin and Market Share (2021-2026)
    • 2.8.5 BHEL Recent Developments/Updates

3 Competitive Environment: Industrial Gas Turbines by Manufacturer

  • 3.1 Global Industrial Gas Turbines Sales Quantity by Manufacturer (2021-2026)
  • 3.2 Global Industrial Gas Turbines Revenue by Manufacturer (2021-2026)
  • 3.3 Global Industrial Gas Turbines Average Price by Manufacturer (2021-2026)
  • 3.4 Market Share Analysis (2025)
    • 3.4.1 Producer Shipments of Industrial Gas Turbines by Manufacturer Revenue ($MM) and Market Share (%): 2025
    • 3.4.2 Top 3 Industrial Gas Turbines Manufacturer Market Share in 2025
    • 3.4.3 Top 6 Industrial Gas Turbines Manufacturer Market Share in 2025
  • 3.5 Industrial Gas Turbines Market: Overall Company Footprint Analysis
    • 3.5.1 Industrial Gas Turbines Market: Region Footprint
    • 3.5.2 Industrial Gas Turbines Market: Company Product Type Footprint
    • 3.5.3 Industrial Gas Turbines Market: Company Product Application Footprint
  • 3.6 New Market Entrants and Barriers to Market Entry
  • 3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

  • 4.1 Global Industrial Gas Turbines Market Size by Region
    • 4.1.1 Global Industrial Gas Turbines Sales Quantity by Region (2021-2032)
    • 4.1.2 Global Industrial Gas Turbines Consumption Value by Region (2021-2032)
    • 4.1.3 Global Industrial Gas Turbines Average Price by Region (2021-2032)
  • 4.2 North America Industrial Gas Turbines Consumption Value (2021-2032)
  • 4.3 Europe Industrial Gas Turbines Consumption Value (2021-2032)
  • 4.4 Asia-Pacific Industrial Gas Turbines Consumption Value (2021-2032)
  • 4.5 South America Industrial Gas Turbines Consumption Value (2021-2032)
  • 4.6 Middle East & Africa Industrial Gas Turbines Consumption Value (2021-2032)

5 Market Segment by Type

  • 5.1 Global Industrial Gas Turbines Sales Quantity by Type (2021-2032)
  • 5.2 Global Industrial Gas Turbines Consumption Value by Type (2021-2032)
  • 5.3 Global Industrial Gas Turbines Average Price by Type (2021-2032)

6 Market Segment by Application

  • 6.1 Global Industrial Gas Turbines Sales Quantity by Application (2021-2032)
  • 6.2 Global Industrial Gas Turbines Consumption Value by Application (2021-2032)
  • 6.3 Global Industrial Gas Turbines Average Price by Application (2021-2032)

7 North America

  • 7.1 North America Industrial Gas Turbines Sales Quantity by Type (2021-2032)
  • 7.2 North America Industrial Gas Turbines Sales Quantity by Application (2021-2032)
  • 7.3 North America Industrial Gas Turbines Market Size by Country
    • 7.3.1 North America Industrial Gas Turbines Sales Quantity by Country (2021-2032)
    • 7.3.2 North America Industrial Gas Turbines Consumption Value by Country (2021-2032)
    • 7.3.3 United States Market Size and Forecast (2021-2032)
    • 7.3.4 Canada Market Size and Forecast (2021-2032)
    • 7.3.5 Mexico Market Size and Forecast (2021-2032)

8 Europe

  • 8.1 Europe Industrial Gas Turbines Sales Quantity by Type (2021-2032)
  • 8.2 Europe Industrial Gas Turbines Sales Quantity by Application (2021-2032)
  • 8.3 Europe Industrial Gas Turbines Market Size by Country
    • 8.3.1 Europe Industrial Gas Turbines Sales Quantity by Country (2021-2032)
    • 8.3.2 Europe Industrial Gas Turbines Consumption Value by Country (2021-2032)
    • 8.3.3 Germany Market Size and Forecast (2021-2032)
    • 8.3.4 France Market Size and Forecast (2021-2032)
    • 8.3.5 United Kingdom Market Size and Forecast (2021-2032)
    • 8.3.6 Russia Market Size and Forecast (2021-2032)
    • 8.3.7 Italy Market Size and Forecast (2021-2032)

9 Asia-Pacific

  • 9.1 Asia-Pacific Industrial Gas Turbines Sales Quantity by Type (2021-2032)
  • 9.2 Asia-Pacific Industrial Gas Turbines Sales Quantity by Application (2021-2032)
  • 9.3 Asia-Pacific Industrial Gas Turbines Market Size by Region
    • 9.3.1 Asia-Pacific Industrial Gas Turbines Sales Quantity by Region (2021-2032)
    • 9.3.2 Asia-Pacific Industrial Gas Turbines Consumption Value by Region (2021-2032)
    • 9.3.3 China Market Size and Forecast (2021-2032)
    • 9.3.4 Japan Market Size and Forecast (2021-2032)
    • 9.3.5 South Korea Market Size and Forecast (2021-2032)
    • 9.3.6 India Market Size and Forecast (2021-2032)
    • 9.3.7 Southeast Asia Market Size and Forecast (2021-2032)
    • 9.3.8 Australia Market Size and Forecast (2021-2032)

10 South America

  • 10.1 South America Industrial Gas Turbines Sales Quantity by Type (2021-2032)
  • 10.2 South America Industrial Gas Turbines Sales Quantity by Application (2021-2032)
  • 10.3 South America Industrial Gas Turbines Market Size by Country
    • 10.3.1 South America Industrial Gas Turbines Sales Quantity by Country (2021-2032)
    • 10.3.2 South America Industrial Gas Turbines Consumption Value by Country (2021-2032)
    • 10.3.3 Brazil Market Size and Forecast (2021-2032)
    • 10.3.4 Argentina Market Size and Forecast (2021-2032)

11 Middle East & Africa

  • 11.1 Middle East & Africa Industrial Gas Turbines Sales Quantity by Type (2021-2032)
  • 11.2 Middle East & Africa Industrial Gas Turbines Sales Quantity by Application (2021-2032)
  • 11.3 Middle East & Africa Industrial Gas Turbines Market Size by Country
    • 11.3.1 Middle East & Africa Industrial Gas Turbines Sales Quantity by Country (2021-2032)
    • 11.3.2 Middle East & Africa Industrial Gas Turbines Consumption Value by Country (2021-2032)
    • 11.3.3 Turkey Market Size and Forecast (2021-2032)
    • 11.3.4 Egypt Market Size and Forecast (2021-2032)
    • 11.3.5 Saudi Arabia Market Size and Forecast (2021-2032)
    • 11.3.6 South Africa Market Size and Forecast (2021-2032)

12 Market Dynamics

  • 12.1 Industrial Gas Turbines Market Drivers
  • 12.2 Industrial Gas Turbines Market Restraints
  • 12.3 Industrial Gas Turbines Trends Analysis
  • 12.4 Porters Five Forces Analysis
    • 12.4.1 Threat of New Entrants
    • 12.4.2 Bargaining Power of Suppliers
    • 12.4.3 Bargaining Power of Buyers
    • 12.4.4 Threat of Substitutes
    • 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

  • 13.1 Raw Material of Industrial Gas Turbines and Key Manufacturers
  • 13.2 Manufacturing Costs Percentage of Industrial Gas Turbines
  • 13.3 Industrial Gas Turbines Production Process
  • 13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

  • 14.1 Sales Channel
    • 14.1.1 Direct to End-User
    • 14.1.2 Distributors
  • 14.2 Industrial Gas Turbines Typical Distributors
  • 14.3 Industrial Gas Turbines Typical Customers

15 Research Findings and Conclusion

    16 Appendix

    • 16.1 Methodology
    • 16.2 Research Process and Data Source

    According to our (Global Info Research) latest study, the global Industrial Gas Turbines market size was valued at US$ 14310 million in 2025 and is forecast to a readjusted size of US$ 16800 million by 2032 with a CAGR of 2.3% during review period.
    A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
    Global Industrial Gas Turbines key players include Siemens, Kawasaki, Solar Turbines, etc. Global top three manufacturers hold a share over 70%.
    Europe is the largest market, with a share over 35%, followed by Asia-Pacific, and North America, both have a share over 55 percent.
    In terms of product, Less Than 20MW is the largest segment, with a share about 70%. And in terms of application, the largest application is Power Generation, followed by Oil and Gas, etc.
    This report is a detailed and comprehensive analysis for global Industrial Gas Turbines market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
    Key Features:
    Global Industrial Gas Turbines market size and forecasts, in consumption value ($ Million), sales quantity (Units), and average selling prices (M USD/Unit), 2021-2032
    Global Industrial Gas Turbines market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Units), and average selling prices (M USD/Unit), 2021-2032
    Global Industrial Gas Turbines market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Units), and average selling prices (M USD/Unit), 2021-2032
    Global Industrial Gas Turbines market shares of main players, shipments in revenue ($ Million), sales quantity (Units), and ASP (M USD/Unit), 2021-2026
    The Primary Objectives in This Report Are:
    To determine the size of the total market opportunity of global and key countries
    To assess the growth potential for Industrial Gas Turbines
    To forecast future growth in each product and end-use market
    To assess competitive factors affecting the marketplace
    This report profiles key players in the global Industrial Gas Turbines market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include GE, Siemens, MHPS, Ansaldo, Kawasaki, Solar Turbines, MAN Energy, BHEL, etc.
    This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
    Market Segmentation
    Industrial Gas Turbines market is split by Type and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
    Market segment by Type
    Less Than 20MW
    More Than 20MW
    Market segment by Application
    Power Generation
    Oil and Gas
    Other
    Major players covered
    GE
    Siemens
    MHPS
    Ansaldo
    Kawasaki
    Solar Turbines
    MAN Energy
    BHEL
    Market segment by region, regional analysis covers
    North America (United States, Canada, and Mexico)
    Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
    Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
    South America (Brazil, Argentina, Colombia, and Rest of South America)
    Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
    The content of the study subjects, includes a total of 15 chapters:
    Chapter 1, to describe Industrial Gas Turbines product scope, market overview, market estimation caveats and base year.
    Chapter 2, to profile the top manufacturers of Industrial Gas Turbines, with price, sales quantity, revenue, and global market share of Industrial Gas Turbines from 2021 to 2026.
    Chapter 3, the Industrial Gas Turbines competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
    Chapter 4, the Industrial Gas Turbines breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
    Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2021 to 2032.
    Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Industrial Gas Turbines market forecast, by regions, by Type, and by Application, with sales and revenue, from 2027 to 2032.
    Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
    Chapter 13, the key raw materials and key suppliers, and industry chain of Industrial Gas Turbines.
    Chapter 14 and 15, to describe Industrial Gas Turbines sales channel, distributors, customers, research findings and conclusion.

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