Aeroderivative Gas Turbine Mraket is Expected to Reach USD 7.4 Billion by 2035 with a 6.9% CAGR | Fact.MR Report

The aeroderivative gas turbine industry is expected to expand with a CAGR of more than 6.9% during the forecast period. The industry was worth USD 3.6 billion in 2024. Through 2035, the aeroderivative gas turbine industry is anticipated to be worth USD 7.4 billion. The trend of the industry will be positively influenced by the increasing growth and evolution of manufacturing methods and the increasing focus on the development of renewable energy.

More investments in regenerative gas turbine plants and positive policies by regulatory bodies, including subsidies, tax relief, and incentives, to enhance demand for the product. The acceptance of the product facilitated by more investments in the aviation industry and the application of modern technology to gas-fired turbines.

A growing focus on enhancing the strength of aviation and naval defense forces will drive the aeroderivative gas turbine market. The fact that it is light, has a low carbon footprint, is highly flexible in terms of cycles, and has little downtime required for maintenance makes it more appealing than other available options.

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Key Takeaways from Market Study:

The aeroderivative gas turbine market was valued at USD 3.6 billion in 2024, reflecting its growing significance in power generation and industrial applications.
The estimated market value for 2025 is projected to reach USD 3.8 billion, driven by increasing demand for efficient and flexible energy solutions across various industries.
By 2035, the aeroderivative gas turbine market is expected to witness significant expansion, reaching a valuation of USD 7.4 billion due to technological advancements and rising energy consumption.
The global market is forecasted to grow at a compound annual growth rate (CAGR) of 6.9% from 2025 to 2035, highlighting its steady rise in adoption for both primary and backup power generation.
East Asia is anticipated to hold a substantial market share of 26.0% in 2025, driven by rapid industrialization, infrastructure development, and increasing investments in power plants.
China, a key contributor to the aeroderivative gas turbine market, is projected to expand at a robust CAGR of 8.3% from 2025 to 2035, supported by its commitment to cleaner energy solutions and grid modernization.

Leading Players Driving Innovation in the Aeroderivative Gas Turbine Market:

General Electric; Ansaldo Energia; Nanjing Turbine & Electric Machinery; Baker Hughes Company; Harbin Electric Corporation; Capstone Green Energy Corporation; UEC-Saturn, OPRA Turbines; MAN Energy Solutions; VERICOR; Bharat Heavy Electricals Limited (BHEL); Kawasaki Heavy Industries, Ltd.; Wärtsilä; Mitsubishi Heavy Industries; Siemens.

Country-wise Insights:

In United States market size would be USD 0.7 billion in 2025 and CAGR during forecast period of 2025 to 2035 will be 6.1%. Through this investment the convention power plant will be made more powerful, with less emission of carbon using combined cycle gas turbine plants installation.

The U.S. shale revolution has increased the level of natural gas production and drilled and extracted improved techniques in the region. For this reason, gas-fired technology is regarded as a cheap and reliable source of energy.

USA has numerous huge aerospace firms and the world's largest fleet of aircrafts. These are the drivers that power the market growth of aeroderivative gas turbines in the nation.

North America aeroderivative gas turbines market is projected to increase multi-fold with growing regional focus on CCGT power plant technology solutions. Market size is projected to be USD 1.0 Billion in the year 2025 and projected CAGR of 6.2% during forecast period of 2025 to 2035.

Aeroderivative Gas Turbine Market News:

In April, 2024 GE Verona declared that they will now supply 58 heavy-duty gas turbines. Their production has enhanced by 9%. This success will enable them to divert their energies towards renewable energy and next-generation power solutions.
In November 2023, Mitsubishi Heavy Industries reported that they have achieved significant progress in hydrogen technology. Mitsubishi Power successfully operates a cutting-edge class gas turbine with 30% hydrogen fuel co-firing at Grid-Connected T-Point 2.

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More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the aeroderivative gas turbine market, presenting historical data for 2019 to 2023 and forecast statistics for 2024 to 2034.

The aeroderivative gas turbine industry is segmented based on capacity, technology, application, and region. In terms of capacity, the market is categorized into turbines with power outputs of less than 50 kW, 50 kW to 500 kW, 500 kW to 1 MW, 1 to 30 MW, 30 to 70 MW, and those exceeding 70 MW, catering to diverse energy needs across industries.

By technology, the market is divided into open cycle and combined cycle turbines, with the latter gaining popularity due to its higher efficiency and lower emissions. The application segment includes power plants, where aeroderivative gas turbines are widely used for electricity generation; the oil and gas sector, which relies on these turbines for operations in offshore and onshore drilling; process plants that utilize them for industrial energy requirements; the aviation industry, where they are employed in aircraft propulsion; and marine applications, where they provide efficient power solutions for naval and commercial vessels.

Other applications include various industrial and commercial uses that benefit from the efficiency and flexibility of these turbines.

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