Summary

The Asia Pacific Gas Turbine Market was valued at USD 12,288.8 million in 2025 and is projected to reach USD 14,503.82 million by 2035, registering a CAGR of 1.671% during the forecast period. The market's steady growth is driven by ongoing investments in power generation infrastructure and the gradual modernization of industrial energy systems across the region.

High Efficiency and Reliable Power Generation Driving Market Growth
One of the main reasons why the Asia Pacific Gas Turbine Market is witnessing a growing gas turbines installation is their capability to produce high-efficiency power generation whilst keeping security and supply continuity. Their features like less fuel usage, less operational costs, and dependable performance have made them the first choice of utilities and other energy-intensive industries that need efficient and continuous power supply.

Segment Insights
• By Type
o Industrial: Preferred for continuous industrial power and process applications.
o Heavy-Duty: Widely used for large-scale utility power generation.
o Aeroderivative: Valued for flexibility, efficiency, and rapid startup capability.
• By Rating Capacity
o Less Than 40 MW: Suitable for decentralized and small-scale power needs.
o 40 to 120 MW: Commonly deployed in medium-capacity industrial facilities.
o 121 to 300 MW: Supports large industrial and regional power demands.
o Above 300 MW: Ideal for high-capacity utility power generation projects.
• By End-User
o Power Generation: Largest consumer driven by growing electricity demand.
o Oil & Gas: Used for compression, processing, and offshore operations.
o Others: Includes manufacturing, marine, and commercial applications.
• By Technology
o Open Cycle: Offers fast response for peak power generation.
o Combined Cycle: Delivers superior efficiency and lower fuel consumption.

GE Vernova Strengthens South Korea’s Power Infrastructure
GE Vernova had completed, in January 2024, the commissioning of the Shinsejong Combined Cycle Power Plant for KOSPO, which signifies the worldwide installation of the company's 100th HA unit and also the first 7HA.03 gas turbine in South Korea. This achievement further demonstrates the company's dominance in the field of gas turbine technology while also enabling greater power generation efficiency and the incorporation of renewable energy.

Rising Adoption of Combined Heat and Power (CHP) Systems
The continued expansion of combined heat and power (CHP) systems installation is giving a strategic edge to the Asia Pacific Gas Turbine Market by dramatically enhancing fuel efficiency as well as lowering total energy costs. Gas turbines are becoming the ones most commonly chosen for CHP purposes as they produce electricity and heat at the same time, thus allowing industries and commercial buildings to make the most of their energy usage while at the same time reducing emissions.

Key Report Attributes
• Market Size 2025: USD 12,288.8 Million
• Market Size 2035: USD 14,503.82 Million
• CAGR (2025-2035): 1.671%
• Base Year: 2024
• Market Forecast Period: 2025-2035

Industry Segmentations Growth
• By Type: Industrial - 1.392%, Heavy-Duty - 1.939%.
• By Rating Capacity: Less Than 40 MW - 2.001%, 40 to 120 MW - 1.489%.
• By End-User: Power Generation - 1.822%, Oil & Gas - 1.318%.

ページTOPに戻る

Table of Contents

TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 16
2 MARKET INTRODUCTION 23
2.1 DEFINITION 23
2.2 SCOPE OF THE STUDY 23
2.3 RESEARCH OBJECTIVE 23
2.4 MARKET STRUCTURE 24
3 RESEARCH METHODOLOGY 25
3.1 OVERVIEW 25
3.2 DATA FLOW 27
3.2.1 DATA MINING PROCESS 27
3.3 PURCHASED DATABASE: 28
3.4 SECONDARY SOURCES: 29
3.4.1 SECONDARY RESEARCH DATA FLOW: 30
3.5 PRIMARY RESEARCH: 31
3.5.1 PRIMARY RESEARCH DATA FLOW: 32
3.6 APPROACHES FOR MARKET SIZE ESTIMATION: 33
3.6.1 TRADE ANALYSIS APPROACH 33
3.7 DATA FORECASTING33
3.7.1 DATA FORECASTING TECHNIQUE 34
3.8 DATA MODELING 35
3.8.1 MICROECONOMIC FACTOR ANALYSIS: 35
3.8.2 DATA MODELING: 36
3.9 TEAMS AND ANALYST CONTRIBUTION 38
4 MARKET DYNAMICS 40
4.1 INTRODUCTION 40
4.2 DRIVERS 41
4.2.1 INCREASING DEMAND FOR RELIABLE AND EFFICIENT POWER GENERATION SOLUTIONS 41
4.2.2 GROWING EMPHASIS ON CLEANER ENERGY SOURCES 42
4.3 RESTRAINT 44
4.3.1 HIGH INITIAL INVESTMENT COSTS 44
4.4 OPPORTUNITY 46
4.4.1 RISE IN THE ADOPTION OF COMBINED HEAT AND POWER (CHP) SYSTEMS 46
4.5 RUSSIA-UKRAINE WAR IMPACT ANALYSIS 48
4.5.1 IMPACT OF ECONOMIC SLOWDOWN48
4.6 IMPACT OF TRUMP 2.0 48
5 MARKET FACTOR ANALYSIS 49
5.1 SUPPLY/VALUE CHAIN ANALYSIS 49
5.1.1 RAW MATERIAL SUPPLIERS 50
5.1.2 MANUFACTURERS 50
5.1.3 DISTRIBUTION CHANNELS 50
5.1.4 END USERS 51
5.2 PORTER’S FIVE FORCES MODEL 52
5.2.1 THREAT OF NEW ENTRANTS 52
5.2.2 THREAT OF SUBSTITUTES 53
5.2.3 BARGAINING POWER OF SUPPLIERS 53
5.2.4 BARGAINING POWER OF BUYERS 53
5.2.5 INTENSITY OF RIVALRY 53
5.3 BROAD LEVEL GAP ANALYSIS TO UNDERSTAND UNTAPPED AREAS 55
5.3.1 BASED ON TYPE 55
5.3.2 BASED ON TECHNOLOGY 55
5.3.3 BASED ON END USER 55
5.4 TECHNOLOGICAL ADVANCEMENTS 56
5.4.1 NOISE REDUCTION TECHNOLOGIES 56
5.4.2 ENHANCED COMBUSTION SYSTEMS 56
5.5 REGULATORY UPDATE 58
5.5.1 GOVERNMENT POLICIES 58
5.5.2 PATENT ANALYSIS 59
5.6 CASE STUDIES/USE CASES 60
5.6.1 TRANSFORMING SOUTH AUSTRALIA’S RENEWABLE ENERGY FUTURE AT THE WORLD’S LARGEST GREEN HYDROGEN PLANT 60
5.6.2 FAST-FORWARDING DECARBONIZATION IN TAIWAN WITH NATURAL GAS-FIRED COGENERATION FACILITIES 60
5.7 R&D UPDATE 62
5.7.1 CURRENT SCENARIO 62
5.7.2 FUTURE ROADMAP 62
5.7.3 CHALLENGES 62
5.7.4 NOVEL APPLICATIONS 62
5.7.5 KEY DEVELOPMENTS 62
5.8 PESTEL ANALYSIS 64
6 ASIA-PACIFIC GAS TURBINE MARKET, BY TYPE 66
6.1 INTRODUCTION 66
6.1.1 INDUSTRIAL 66
6.1.2 HEAVY DUTY 66
6.1.3 AERODERIVATIVE 67
7 ASIA-PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY 68
7.1 INTRODUCTION 68
7.1.1 LESS THAN 40 MW 68
7.1.2 40 TO 120 MW 68
7.1.3 121 TO 300 MW 69
7.1.4 ABOVE 300 MW 69
8 ASIA-PACIFIC GAS TURBINE MARKET, BY END-USER 70
8.1 INTRODUCTION 70
8.1.1 POWER GENERATION 70
8.1.2 OIL & GAS 70
8.1.3 OTHERS 70
9 ASIA-PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY 72
9.1 INTRODUCTION 72
9.1.1 OPEN CYCLE 72
9.1.2 COMBINED CYCLE 72
10 ASIA-PACIFIC GAS TURBINE MARKET, BY COUNTRY 74
10.1 OVERVIEW 74
10.2 CHINA 75
10.3 INDIA 76
10.4 JAPAN 77
10.5 SOUTH KOREA 79
10.6 AUSTRALIA 80
10.7 NEW ZEALAND 81
10.8 REST OF ASIA PACIFIC 83
11 COMPETITIVE LANDSCAPE 86
11.1 INTRODUCTION 86
11.2 COMPETITION DASHBOARD 87
11.3 COMPANY MARKET SHARE ANALYSIS, 2024 87
11.4 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 88
11.5 KEY DEVELOPMENTS & GROWTH STRATEGIES 89
11.5.1 CAPACITY EXPANSION 89
11.5.2 NEW PRODUCT LAUNCH 91
11.5.3 ACQUISITION 91
11.5.4 AGREEMENT 92
11.5.5 COLLABORATION 96
11.5.6 PARTNERSHIP 96
11.5.7 RECOGNITION 98
11.5.8 INNOVATION 98
12 COMPANY PROFILES 99
12.1 SIEMENS ENERGY 99
12.1.1 COMPANY OVERVIEW 99
12.1.2 FINANCIAL OVERVIEW 100
12.1.3 PRODUCTS OFFERED 100
12.1.4 KEY DEVELOPMENTS 101
12.1.5 SWOT ANALYSIS 102
12.1.6 KEY STRATEGY 103
12.2 GENERAL ELECTRIC 104
12.2.1 COMPANY OVERVIEW 104
12.2.2 FINANCIAL OVERVIEW 105
12.2.3 PRODUCTS OFFERED 105
12.2.4 KEY DEVELOPMENTS 106
12.2.5 SWOT ANALYSIS 108
12.2.6 KEY STRATEGY 108
12.3 ANSLADO ENERGIA 109
12.3.1 COMPANY OVERVIEW 109
12.3.2 FINANCIAL OVERVIEW 110
12.3.3 PRODUCTS OFFERED 110
12.3.4 KEY DEVELOPMENTS 111
12.3.5 SWOT ANALYSIS 114
12.3.6 KEY STRATEGY 114
12.4 IHI CORPORATION 116
12.4.1 COMPANY OVERVIEW 116
12.4.2 FINANCIAL OVERVIEW 117
12.4.3 PRODUCTS OFFERED 117
12.4.4 KEY DEVELOPMENTS 118
12.4.5 SWOT ANALYSIS 119
12.4.6 KEY STRATEGY 119
12.5 KAWASAKI HEAVY INDUSTRIES LTD 120
12.5.1 COMPANY OVERVIEW 120
12.5.2 FINANCIAL OVERVIEW 121
12.5.3 PRODUCTS OFFERED 121
12.5.4 KEY DEVELOPMENTS 122
12.5.5 SWOT ANALYSIS 123
12.5.6 KEY STRATEGY 123
12.6 MITSUBISHI HEAVY INDUSTRIES 124
12.6.1 COMPANY OVERVIEW 124
12.6.2 FINANCIAL OVERVIEW 125
12.6.3 PRODUCTS OFFERED 125
12.6.4 KEY DEVELOPMENTS 126
12.6.5 SWOT ANALYSIS 128
12.6.6 KEY STRATEGY 128
12.7 BHARAT HEAVY ELECTRICALS LIMITED 129
12.7.1 COMPANY OVERVIEW 129
12.7.2 FINANCIAL OVERVIEW 130
12.7.3 PRODUCTS OFFERED 130
12.7.4 KEY DEVELOPMENTS 131
12.7.5 SWOT ANALYSIS 132
12.7.6 KEY STRATEGY 132
12.8 SOLAR TURBINES INCORPORATED 133
12.8.1 COMPANY OVERVIEW 133
12.8.2 FINANCIAL OVERVIEW (FOR A PARENT COMPANY CATERPILLAR INC.) 134
12.8.3 PRODUCTS OFFERED 134
12.8.4 KEY DEVELOPMENTS 135
12.8.5 SWOT ANALYSIS 136
12.8.6 KEY STRATEGY 136
12.9 ROLLS-ROYCE 137
12.9.1 COMPANY OVERVIEW 137
12.9.2 FINANCIAL OVERVIEW 138
12.9.3 PRODUCTS OFFERED 138
12.9.4 KEY DEVELOPMENTS 139
12.9.5 SWOT ANALYSIS 140
12.9.6 KEY STRATEGY 140
12.10 BAKER HUGHES 142
12.10.1 COMPANY OVERVIEW 142
12.10.2 FINANCIAL OVERVIEW 143
12.10.3 PRODUCTS OFFERED 143
12.10.4 KEY DEVELOPMENTS 144
12.10.5 SWOT ANALYSIS 145
12.10.6 KEY STRATEGY 146

ページTOPに戻る

List of Tables/Graphs

LIST OF TABLES
TABLE 1 QFD MODELING FOR MARKET SHARE ASSESSMENT 36
TABLE 2 ASIA PACIFIC GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 67
TABLE 3 ASIA PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 69
TABLE 4 ASIA PACIFIC GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 71
TABLE 5 ASIA PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 73
TABLE 6 ASIA PACIFIC GAS TURBINE MARKET, BY COUNTRY, 2019-2035 (USD MILLION) 74
TABLE 7 CHINA GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 75
TABLE 8 CHINA GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 75
TABLE 9 CHINA GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 75
TABLE 10 CHINA GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 76
TABLE 11 INDIA GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 76
TABLE 12 INDIA GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 76
TABLE 13 INDIA GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 77
TABLE 14 INDIA GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 77
TABLE 15 JAPAN GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 77
TABLE 16 JAPAN GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 78
TABLE 17 JAPAN GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 78
TABLE 18 JAPAN GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 78
TABLE 19 SOUTH KOREA GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 79
TABLE 20 SOUTH KOREA GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 79
TABLE 21 SOUTH KOREA GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 79
TABLE 22 SOUTH KOREA GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 80
TABLE 23 AUSTRALIA GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 80
TABLE 24 AUSTRALIA GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 80
TABLE 25 AUSTRALIA GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 81
TABLE 26 AUSTRALIA GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 81
TABLE 27 NEW ZEALAND GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 81
TABLE 28 NEW ZEALAND GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 82
TABLE 29 NEW ZEALAND GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 82
TABLE 30 NEW ZEALAND GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 82
TABLE 31 REST OF ASIA PACIFIC GAS TURBINE MARKET, BY TYPE, 2019-2035 (USD MILLION) 83
TABLE 32 REST OF ASIA PACIFIC GAS TURBINE MARKET, BY RATING CAPACITY, 2019-2035 (USD MILLION) 83
TABLE 33 REST OF ASIA PACIFIC GAS TURBINE MARKET, BY END USER, 2019-2035 (USD MILLION) 83
TABLE 34 REST OF ASIA PACIFIC GAS TURBINE MARKET, BY TECHNOLOGY, 2019-2035 (USD MILLION) 84
TABLE 35 COMPETITION DASHBOARD: ASIA-PACIFIC GAS TURBINE MARKET 87
TABLE 36 CAPACITY EXPANSION 89
TABLE 37 NEW PRODUCT LAUNCH 91
TABLE 38 ACQUISITION 91
TABLE 39 AGREEMENT 92
TABLE 40 COLLABORATION 96
TABLE 41 PARTNERSHIP 96
TABLE 42 RECOGNITION 98
TABLE 43 INNOVATION 98
TABLE 44 SIEMENS ENERGY: PRODUCTS OFFERED 100
TABLE 45 GENERAL ELECTRIC: PRODUCTS OFFERED 105
TABLE 46 GENERAL ELECTRIC: KEY DEVELOPMENTS 106
TABLE 47 ANSLADO ENERGIA: PRODUCTS OFFERED 110
TABLE 48 ANSLADO ENERGIA: KEY DEVELOPMENTS 111
TABLE 49 IHI CORPORATION: PRODUCTS OFFERED 117
TABLE 50 IHI CORPORATION: KEY DEVELOPMENTS 118
TABLE 51 KAWASAKI HEAVY INDUSTRIES LTD: PRODUCTS OFFERED 121
TABLE 52 KAWASAKI HEAVY INDUSTRIES LTD: KEY DEVELOPMENTS 122
TABLE 53 MITSUBISHI HEAVY INDUSTRIES: PRODUCTS OFFERED 125
TABLE 54 MITSUBISHI HEAVY INDUSTRIES: KEY DEVELOPMENTS 126
TABLE 55 BHARAT HEAVY ELECTRICALS LIMITED: PRODUCTS OFFERED 130
TABLE 56 BHARAT HEAVY ELECTRICALS LIMITED: KEY DEVELOPMENTS 131
TABLE 57 SOLAR TURBINES INCORPORATED: PRODUCTS OFFERED 134
TABLE 58 SOLAR TURBINES INCORPORATED: KEY DEVELOPMENTS 135
TABLE 59 ROLLS-ROYCE: PRODUCTS OFFERED 138
TABLE 60 ROLLS-ROYCE: KEY DEVELOPMENTS 139
TABLE 61 BAKER HUGHES: PRODUCTS OFFERED 143
TABLE 62 BAKER HUGHES: KEY DEVELOPMENTS 144LIST OF FIGURES
FIGURE 1 TOP OIL PRODUCING COUNTRIES IN 2024 (MILLION BARRELS PER DAY) 16
FIGURE 2 GLOBAL POWER GENERATING COUNTRIES IN 2023 (TWH) 17
FIGURE 3 ASIA-PACIFIC GAS TURBINE MARKET SNAPSHOT, 2024 19
FIGURE 4 ASIA-PACIFIC GAS TURBINE MARKET: STRUCTURE 24
FIGURE 5 ASIA-PACIFIC GAS TURBINE: MARKET GROWTH FACTOR ANALYSIS (2019-2035) 40
FIGURE 6 NATURAL GAS PRODUCTION BY COUNTRY, 2023 (BCM) 42
FIGURE 7 DRIVER IMPACT ANALYSIS (2025-2035) 43
FIGURE 8 NATURAL GAS PRICES, 2020-2024 (USD/MMBTU) 44
FIGURE 9 CHALLENGE IMPACT ANALYSIS (2025-2035) 45
FIGURE 10 ENGINE OR GAS TURBINE UTILIZING CHP SYSTEM WITH HEAT RECOVERY UNIT 46
FIGURE 11 SUPPLY CHAIN: ASIA-PACIFIC GAS TURBINE MARKET 49
FIGURE 12 PORTER'S FIVE FORCES ANALYSIS OF ASIA-PACIFIC GAS TURBINE MARKET 52
FIGURE 13 PESTLE ANALYSIS OF ASIA-PACIFIC GAS TURBINE MARKET 64
FIGURE 14 ASIA-PACIFIC GAS TURBINE MARKET SHARE ANALYSIS, 2024 (%) 87
FIGURE 15 COMPARATIVE ANALYSIS: KEY PLAYERS FINANCIAL, 2023 88
FIGURE 16 SIEMENS ENERGY: FINANCIAL OVERVIEW SNAPSHOT 100
FIGURE 17 SIEMENS ENERGY.: SWOT ANALYSIS 102
FIGURE 18 GENERAL ELECTRIC: FINANCIAL OVERVIEW SNAPSHOT 105
FIGURE 19 GENERAL ELECTRIC: SWOT ANALYSIS 108
FIGURE 20 ANSLADO ENERGIA: FINANCIAL OVERVIEW SNAPSHOT 110
FIGURE 21 ANSLADO ENERGIA: SWOT ANALYSIS 114
FIGURE 22 IHI CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 117
FIGURE 23 IHI CORPORATION: SWOT ANALYSIS 119
FIGURE 24 KAWASAKI HEAVY INDUSTRIES LTD: FINANCIAL OVERVIEW SNAPSHOT 121
FIGURE 25 KAWASAKI HEAVY INDUSTRIES LTD: SWOT ANALYSIS 123
FIGURE 26 MITSUBISHI HEAVY INDUSTRIES: FINANCIAL OVERVIEW SNAPSHOT 125
FIGURE 27 MITSUBISHI HEAVY INDUSTRIES: SWOT ANALYSIS 128
FIGURE 28 BHARAT HEAVY ELECTRICALS LIMITED: FINANCIAL OVERVIEW SNAPSHOT 130
FIGURE 29 BHARAT HEAVY ELECTRICALS LIMITED: SWOT ANALYSIS 132
FIGURE 30 SOLAR TURBINES INCORPORATED: FINANCIAL OVERVIEW SNAPSHOT 134
FIGURE 31 SOLAR TURBINES INCORPORATED: SWOT ANALYSIS 136
FIGURE 32 ROLLS-ROYCE: FINANCIAL OVERVIEW SNAPSHOT 138
FIGURE 33 ROLLS-ROYCE: SWOT ANALYSIS 140
FIGURE 34 BAKER HUGHES: FINANCIAL OVERVIEW SNAPSHOT 143
FIGURE 35 BAKER HUGHES: SWOT ANALYSIS 145