Heavy Duty Gas Turbine Market Research Report By Fuel Type (Natural Gas, Liquid Fuels (Diesel, Crude Oil), Syngas, Hydrogen), By Power Output ( 10 MW, 10 – 50 MW, 50 – 100 MW, > 100 MW), By End-Use Application (Power Generation, Oil Gas Industry, Industrial Applications), By Turbine Type (Single-Shaft, Two-Shaft, Multi-Shaft) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Heavy Duty Gas Turbine Market Overview:

As per MRFR analysis, the Heavy Duty Gas Turbine Market Size was estimated at 31.58 (USD Billion) in 2022.The Heavy Duty Gas Turbine Market Industry is expected to grow from 32.75(USD Billion) in 2023 to 45.5 (USD Billion) by 2032. The Heavy Duty Gas Turbine Market CAGR (growth rate) is expected to be around 3.72% during the forecast period (2024 - 2032).

Key Heavy-Duty Gas Turbine Market Trends Highlighted

The heavy-duty gas turbine market has been expanding significantly in recent years on account of the increasing energy needs, government policies encouraging the use of clean energy sources, and the necessity of the efficient generation of power. Efforts targeting the new technology, which encompasses emission reduction and efficiency improvements, have equally fueled the growth of this market. Owing to its flexibility and high efficiency, combined cycle gas turbine technology is increasingly being adopted for power generation and that is also a trend witnessed in the market.

The growth opportunities are seen in the improving standards and affordability of power generation in most of the emerging economies and the increasing emphasis on incorporating renewable energy in the grid. The creation of hybrid systems integrating gas turbines with other renewable energy sources is also projected to contribute to the growth of the market in the near future.

Also noteworthy is the rise in demand for modular gas turbine systems and packaged solutions, which can be deployed much faster with lower overhead costs, and the rise of predictive analytics and other forms of analytics to enhance performance and decrease turbine maintenance. These developments are reinforcing the place of competition in the heavy-duty gas turbine market, and hence, there is a need for change and creativity from the market players.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Heavy-Duty Gas Turbine Market Drivers

Increasing Demand for Electricity

Increased demand for electricity is one of the factors that is propelling the growth of the Global Heavy Duty Gas Turbine Market Industry. The population of people has increased while more and more people are being occupied with urbanization. That is why energy demand is increasing and hence electricity is in high demand. They are employed in power generation and heavy-duty gas turbines are anticipated to be one of the prime sources of power in the coming. Such increased demand for electricity in the future will stimulate the Heavy-Duty Gas Turbine Market Industry.

Stringent Environmental Regulations

Stringent environmental regulations are another key driver of the Global Heavy Duty Gas Turbine Market Industry. Governments around the world are implementing stricter regulations to reduce greenhouse gas emissions and air pollution. Heavy-duty gas turbines are more efficient and environmentally friendly than other types of power plants, and they are expected to benefit from the increasing demand for clean energy. The stringent environmental regulations are expected to drive the growth of the Heavy Duty Gas Turbine Market Industry in the coming years.

Technological Advancements

Technological advancements are also driving the growth of the Global Heavy Duty Gas Turbine Market Industry. Manufacturers are constantly developing new technologies to improve the efficiency and performance of heavy-duty gas turbines. These advancements are making heavy-duty gas turbines more attractive to power plant operators, and they are expected to continue to drive the growth of the market in the coming years. The technological advancements are expected to drive the growth of the Heavy Duty Gas Turbine Market Industry in the coming years.

Heavy Duty Gas Turbine Market Segment Insights:

Heavy Duty Gas Turbine Market Fuel Type Insights

The Global Heavy Duty Gas Turbine Market is segmented based on fuel type into Natural Gas, Liquid Fuels (Diesel, Crude Oil), Syngas, and Hydrogen. Natural Gas is expected to dominate the market with a share of over 70% in 2023. It is the most widely used fuel for heavy-duty gas turbines due to its low cost, abundance, and clean-burning characteristics. Liquid Fuels are expected to account for a significant share of the market, primarily driven by their use in remote areas where natural gas infrastructure is unavailable. Syngas and Hydrogen are emerging as potential alternative fuels for heavy-duty gas turbines, offering lower emissions and the ability to utilize renewable energy sources.The Global Heavy Duty Gas Turbine Market is expected to witness significant growth over the coming years, driven by increasing demand for reliable and efficient power generation, especially in regions with growing energy needs.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Heavy Duty Gas Turbine Market Power Output Insights

The Global Heavy Duty Gas Turbine Market segmentation by Power Output offers important insights into the industry's dynamics. The ' 10 MW' segment is estimated to reach USD 12.5 billion by 2024, capturing a significant market share. This growth is attributed to the increasing demand for small-scale power generation solutions in remote regions and distributed generation applications. The '10 – 50 MW' segment is projected to witness steady growth, driven by the rising adoption of gas turbines in industrial and commercial sectors for combined heat and power (CHP) systems.The '50 – 100 MW' segment is expected to hold a substantial market share, owing to its wide application in power plants and large-scale industrial facilities. The '> 100 MW' segment is anticipated to exhibit moderate growth due to the increasing focus on large-scale power generation projects and the growing popularity of combined cycle power plants.

Heavy Duty Gas Turbine Market End-Use Application Insights

The Global Heavy Duty Gas Turbine Market segmentation by End-Use Application comprises Power Generation, Oil Gas Industry, and Industrial Applications. Among these, the Power Generation segment held the largest market share in 2023 attributed to the rising demand for electricity and increasing investments in power generation infrastructure. The Oil Gas Industry segment is anticipated to witness significant growth due to the increasing utilization of gas turbines in oil and gas production processes. Furthermore, the Industrial Applications segment is expected to contribute to the market growth owing to the growing use of gas turbines in various industrial processes such as chemical processing, mining, and manufacturing.In 2023, the Global Heavy Duty Gas Turbine Market revenue for the Power Generation segment was valued at 15.23 Billion and is projected to reach 19.70 Billion by 2032, exhibiting a CAGR of 3.12%. The Oil Gas Industry segment is anticipated to grow from 9.46 Billion in 2023 to 12.30 Billion by 2032 with a CAGR of 3.34%, and the Industrial Applications segment is expected to expand from 4.62 Billion in 2023 to 5.98 Billion by 2032 with a CAGR of 3.18%.

Heavy Duty Gas Turbine Market Turbine Type Insights

The Global Heavy Duty Gas Turbine Market is segmented by Turbine Type into Single-Shaft, Two-Shaft, and Multi-Shaft. Among these, the Two-Shaft segment held the largest market share in 2023, and it is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for efficient and reliable power generation systems. Two-shaft gas turbines offer higher efficiency and flexibility compared to other types, making them suitable for a wide range of applications, including power plants, industrial facilities, and marine propulsion.The Single-Shaft segment is expected to witness a steady growth rate during the forecast period, owing to its lower cost and simpler design compared to Two-Shaft and Multi-Shaft gas turbines. Single-shaft gas turbines are commonly used in smaller power plants and industrial applications where efficiency is not a primary concern. The multi-shaft segment is expected to grow at a significant rate during the forecast period, driven by the increasing demand for highly efficient and flexible power generation systems. Multi-Shaft gas turbines offer the highest efficiency and flexibility among all types, making them suitable for large-scale power plants and industrial applications where maximum efficiency and reliability are required.

Heavy Duty Gas Turbine Market Regional Insights

Regionally, the market is segmented into North America, Europe, APAC, South America, and MEA. North America is the dominant region in the Global Heavy Duty Gas Turbine Market, accounting for a significant share of the market revenue in 2023. The growth of the region is attributed to the increasing demand for electricity and the stringent environmental regulations in the region. Europe is the second-largest market for Heavy Duty Gas Turbines, driven by the growing need for efficient power generation and the increasing adoption of renewable energy sources.APAC is projected to be the fastest-growing region in the Global Heavy Duty Gas Turbine Market, owing to the rapid industrialization and urbanization in the region. South America and MEA are expected to witness steady growth in the Heavy Duty Gas Turbine Market, supported by increasing investments in infrastructure development and power generation projects.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Heavy Duty Gas Turbine Market Key Players And Competitive Insights:

Heavy Duty Gas Turbine Market is an emerging scenario from the perspective of all the extreme landscapes represented. Major Heavy Duty Gas Turbine Market players are continuously attempting to innovate and gain a competitive advantage in the market by forming partnerships and launching new products. Heavy Duty Gas Turbine Market players are also committing to expand the collection of products, invest in R for fuel-efficient engines, and focus on expanding their presence in all major regions. Heavy Duty Gas Turbine Market development is primarily motivated by the increasing demand for efficient and dependable power generation alternatives, coupled with government-imposed mandates in favor of renewable energy sources and alarming issues concerning industrial waste emission.

The Heavy Duty Gas Turbine Market is widely spread; important prominent market participants in this sector are General Electric, Siemens Energy, and Mitsubishi Hitachi Power Systems, which account for a large proportion of the overall market. In order to gain influence in this area, businesses pursue acquisitional advancement and market expansion strategies and create unique item set portfolios.

General Electric is a prominent heavy-duty gas turbine market player in the industrial scenario. Ge is well-known for its technologically advanced turbochargers and unparalleled product range. In addition, General Electric’s gas turbine products and services are in high demand among its clients for their unparalleled excellent results, trustworthiness, and eco-friendliness. They are still in the process of developing modernized innovations with minimal gasoline consumption and productivity. At the same time, since Ge has demonstrated a firm commitment to expanding in new marketplaces on multiple levels, its goods and services have achieved global demand. The company is a global leader in the provision of goods and services to its clients, who it maintains close relationships with to ensure long-term success.

Key Companies in the Heavy Duty Gas Turbine Market Include:

• Harbin Electric


• Doosan Heavy Industries


• Ansaldo


• Mitsubishi


• RollsRoyce Power Systems


• MAN Energy Solutions


• Solar Turbines


• GE


• Toshiba Energy Systems


• Wärtsilä


• Bharat Heavy Electricals


• Siemens


• Shanghai Electric


• Hyundai Heavy Industries


• Kawasaki Heavy Industries

Heavy Duty Gas Turbine Market Industry Developments

The global heavy-duty gas turbine market is expected to be valued at USD 32.75 billion in 2023 and is projected to reach USD 45.5 billion by 2032, growing at a CAGR of 3.72%. The market growth is driven by increasing demand for electricity, rising investments in power generation, and stringent environmental regulations. Asia-Pacific is expected to be the largest market, accounting for over 40% of the global revenue share, due to rapid industrialization and urbanization in the region. Key players in the market include General Electric, Siemens, Mitsubishi Hitachi Power Systems, and Ansaldo Energia. Recent developments include the launch of advanced gas turbines with higher efficiency and lower emissions and the growing adoption of renewable energy sources, which is expected to challenge the market growth in the long term.

Heavy Duty Gas Turbine Market Segmentation Insights

• Heavy Duty Gas Turbine Market Fuel Type Outlook


• Natural Gas


• Liquid Fuels (Diesel, Crude Oil)


• Syngas


• Hydrogen


• Heavy Duty Gas Turbine Market Power Output Outlook


• 10 MW


• 10 – 50 MW


• 50 – 100 MW


• > 100 MW


• Heavy Duty Gas Turbine Market End-Use Application Outlook


• Power Generation


• Oil Gas Industry


• Industrial Applications


• Heavy Duty Gas Turbine Market Turbine Type Outlook


• Single-Shaft


• Two-Shaft


• Multi-Shaft


• Heavy Duty Gas Turbine Market Regional Outlook


• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa