

The global Gas Turbine Generators market size was US$ 39300 million in 2024 and is forecast to a readjusted size of US$ 61100 million by 2031 with a CAGR of 6.6% during the forecast period 2025-2031.
In this report, the gas turbine generator discussed mainly stands for gas turbine generator set, which includes three parts: gas turbine, generator and control systems. And among the three key parts, gas turbine is the most important one. Company who can produce gas turbine will become the leading manufacturer of gas turbine generator in the industry.
Gas turbine generator is a device used to generate power. The most important part, gas turbine, is a type of internal combustion (IC) engine in which burning of an air-fuel mixture produces hot gases that spin a turbine to produce power.
The statistical data is based on gas turbine generator set. The rated power of the gas turbine is above 1MW.
USA is the largest Gas Turbine Generators market with about 38% market share. Europe is follower, accounting for about 36% market share.
The key players are GE Power Generation, Siemens, MHPS, Alstom, Rolls-Royce, Kawasaki, Solar Turbines, Power Machines, MAN Diesel & Turbo, AVIC etc. Top 3 companies occupied about 50% market share.
The global Gas Turbine Generators market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
Market Segmentation
By Company:
GE Power Generation
Siemens
MHPS
Alstom
Rolls-Royce
Kawasaki
Solar Turbines
Power Machines
MAN Diesel & Turbo
AVIC
By Type: (Dominant Segment vs High-Margin Innovation)
Gas Turbine Generators Rated 1.00 to 2.00 mw
Gas Turbine Generators Rated 2.00 to 10.00 mw
Gas Turbine Generators Rated more than 10 mw
By Application: (Core Demand Driver vs Emerging Opportunity)
Power Plant
Oil and Gas Industry
Industrial Companies
By Region
Macro-Regional Analysis: Market Size & Growth Forecasts
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Micro-Local Market Deep Dive: Strategic Insights
- Competitive Landscape: Player dominance vs. disruptors (e.g., GE Power Generation in Europe)
- Emerging Product Trends: Gas Turbine Generators Rated 1.00 to 2.00 mw adoption vs. Gas Turbine Generators Rated 2.00 to 10.00 mw premiumization
- Demand-Side Dynamics: Power Plant growth in China vs. Oil and Gas Industry potential in North America
- Localized Consumer Needs: Regulatory hurdles in EU vs. price sensitivity in India
Focus Markets:
North America
Europe
China
Japan
Chapter Outline
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Gas Turbine Generators market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Gas Turbine Generators Rated 2.00 to 10.00 mw in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Oil and Gas Industry in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Gas Turbine Generators value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Market Overview
1.1 Gas Turbine Generators Product Scope
1.2 Gas Turbine Generators by Type
1.2.1 Global Gas Turbine Generators Sales by Type (2020 & 2024 & 2031)
1.2.2 Gas Turbine Generators Rated 1.00 to 2.00 mw
1.2.3 Gas Turbine Generators Rated 2.00 to 10.00 mw
1.2.4 Gas Turbine Generators Rated more than 10 mw
1.3 Gas Turbine Generators by Application
1.3.1 Global Gas Turbine Generators Sales Comparison by Application (2020 & 2024 & 2031)
1.3.2 Power Plant
1.3.3 Oil and Gas Industry
1.3.4 Industrial Companies
1.4 Global Gas Turbine Generators Market Estimates and Forecasts (2020-2031)
1.4.1 Global Gas Turbine Generators Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Gas Turbine Generators Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Gas Turbine Generators Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Gas Turbine Generators Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Gas Turbine Generators Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Gas Turbine Generators Sales Market Share by Region (2020-2025)
2.2.2 Global Gas Turbine Generators Revenue Market Share by Region (2020-2025)
2.3 Global Gas Turbine Generators Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Gas Turbine Generators Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Gas Turbine Generators Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Gas Turbine Generators Market Size and Prospective (2020-2031)
2.4.2 Europe Gas Turbine Generators Market Size and Prospective (2020-2031)
2.4.3 China Gas Turbine Generators Market Size and Prospective (2020-2031)
2.4.4 Japan Gas Turbine Generators Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Gas Turbine Generators Historic Market Review by Type (2020-2025)
3.1.1 Global Gas Turbine Generators Sales by Type (2020-2025)
3.1.2 Global Gas Turbine Generators Revenue by Type (2020-2025)
3.1.3 Global Gas Turbine Generators Price by Type (2020-2025)
3.2 Global Gas Turbine Generators Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Gas Turbine Generators Sales Forecast by Type (2026-2031)
3.2.2 Global Gas Turbine Generators Revenue Forecast by Type (2026-2031)
3.2.3 Global Gas Turbine Generators Price Forecast by Type (2026-2031)
3.3 Different Types Gas Turbine Generators Representative Players
4 Global Market Size by Application
4.1 Global Gas Turbine Generators Historic Market Review by Application (2020-2025)
4.1.1 Global Gas Turbine Generators Sales by Application (2020-2025)
4.1.2 Global Gas Turbine Generators Revenue by Application (2020-2025)
4.1.3 Global Gas Turbine Generators Price by Application (2020-2025)
4.2 Global Gas Turbine Generators Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Gas Turbine Generators Sales Forecast by Application (2026-2031)
4.2.2 Global Gas Turbine Generators Revenue Forecast by Application (2026-2031)
4.2.3 Global Gas Turbine Generators Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Gas Turbine Generators Application
5 Competition Landscape by Players
5.1 Global Gas Turbine Generators Sales by Players (2020-2025)
5.2 Global Top Gas Turbine Generators Players by Revenue (2020-2025)
5.3 Global Gas Turbine Generators Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Gas Turbine Generators as of 2024)
5.4 Global Gas Turbine Generators Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Gas Turbine Generators, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Gas Turbine Generators, Product Type & Application
5.7 Global Key Manufacturers of Gas Turbine Generators, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Gas Turbine Generators Sales by Company
6.1.1.1 North America Gas Turbine Generators Sales by Company (2020-2025)
6.1.1.2 North America Gas Turbine Generators Revenue by Company (2020-2025)
6.1.2 North America Gas Turbine Generators Sales Breakdown by Type (2020-2025)
6.1.3 North America Gas Turbine Generators Sales Breakdown by Application (2020-2025)
6.1.4 North America Gas Turbine Generators Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Gas Turbine Generators Sales by Company
6.2.1.1 Europe Gas Turbine Generators Sales by Company (2020-2025)
6.2.1.2 Europe Gas Turbine Generators Revenue by Company (2020-2025)
6.2.2 Europe Gas Turbine Generators Sales Breakdown by Type (2020-2025)
6.2.3 Europe Gas Turbine Generators Sales Breakdown by Application (2020-2025)
6.2.4 Europe Gas Turbine Generators Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Gas Turbine Generators Sales by Company
6.3.1.1 China Gas Turbine Generators Sales by Company (2020-2025)
6.3.1.2 China Gas Turbine Generators Revenue by Company (2020-2025)
6.3.2 China Gas Turbine Generators Sales Breakdown by Type (2020-2025)
6.3.3 China Gas Turbine Generators Sales Breakdown by Application (2020-2025)
6.3.4 China Gas Turbine Generators Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Japan Market: Players, Segments, Downstream and Major Customers
6.4.1 Japan Gas Turbine Generators Sales by Company
6.4.1.1 Japan Gas Turbine Generators Sales by Company (2020-2025)
6.4.1.2 Japan Gas Turbine Generators Revenue by Company (2020-2025)
6.4.2 Japan Gas Turbine Generators Sales Breakdown by Type (2020-2025)
6.4.3 Japan Gas Turbine Generators Sales Breakdown by Application (2020-2025)
6.4.4 Japan Gas Turbine Generators Major Customer
6.4.5 Japan Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 GE Power Generation
7.1.1 GE Power Generation Company Information
7.1.2 GE Power Generation Business Overview
7.1.3 GE Power Generation Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.1.4 GE Power Generation Gas Turbine Generators Products Offered
7.1.5 GE Power Generation Recent Development
7.2 Siemens
7.2.1 Siemens Company Information
7.2.2 Siemens Business Overview
7.2.3 Siemens Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Siemens Gas Turbine Generators Products Offered
7.2.5 Siemens Recent Development
7.3 MHPS
7.3.1 MHPS Company Information
7.3.2 MHPS Business Overview
7.3.3 MHPS Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.3.4 MHPS Gas Turbine Generators Products Offered
7.3.5 MHPS Recent Development
7.4 Alstom
7.4.1 Alstom Company Information
7.4.2 Alstom Business Overview
7.4.3 Alstom Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Alstom Gas Turbine Generators Products Offered
7.4.5 Alstom Recent Development
7.5 Rolls-Royce
7.5.1 Rolls-Royce Company Information
7.5.2 Rolls-Royce Business Overview
7.5.3 Rolls-Royce Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Rolls-Royce Gas Turbine Generators Products Offered
7.5.5 Rolls-Royce Recent Development
7.6 Kawasaki
7.6.1 Kawasaki Company Information
7.6.2 Kawasaki Business Overview
7.6.3 Kawasaki Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Kawasaki Gas Turbine Generators Products Offered
7.6.5 Kawasaki Recent Development
7.7 Solar Turbines
7.7.1 Solar Turbines Company Information
7.7.2 Solar Turbines Business Overview
7.7.3 Solar Turbines Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.7.4 Solar Turbines Gas Turbine Generators Products Offered
7.7.5 Solar Turbines Recent Development
7.8 Power Machines
7.8.1 Power Machines Company Information
7.8.2 Power Machines Business Overview
7.8.3 Power Machines Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.8.4 Power Machines Gas Turbine Generators Products Offered
7.8.5 Power Machines Recent Development
7.9 MAN Diesel & Turbo
7.9.1 MAN Diesel & Turbo Company Information
7.9.2 MAN Diesel & Turbo Business Overview
7.9.3 MAN Diesel & Turbo Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.9.4 MAN Diesel & Turbo Gas Turbine Generators Products Offered
7.9.5 MAN Diesel & Turbo Recent Development
7.10 AVIC
7.10.1 AVIC Company Information
7.10.2 AVIC Business Overview
7.10.3 AVIC Gas Turbine Generators Sales, Revenue and Gross Margin (2020-2025)
7.10.4 AVIC Gas Turbine Generators Products Offered
7.10.5 AVIC Recent Development
8 Gas Turbine Generators Manufacturing Cost Analysis
8.1 Gas Turbine Generators Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Gas Turbine Generators
8.4 Gas Turbine Generators Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Gas Turbine Generators Distributors List
9.3 Gas Turbine Generators Customers
10 Gas Turbine Generators Market Dynamics
10.1 Gas Turbine Generators Industry Trends
10.2 Gas Turbine Generators Market Drivers
10.3 Gas Turbine Generators Market Challenges
10.4 Gas Turbine Generators Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
GE Power Generation
Siemens
MHPS
Alstom
Rolls-Royce
Kawasaki
Solar Turbines
Power Machines
MAN Diesel & Turbo
AVIC
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*If Applicable.