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Gas and Steam Turbine Global Markets Report 2025-2030: Micro Steam Turbines, Ammonia-Fueled Systems, and Advanced Turbine Innovations Gain Momentum - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Gas and Steam Turbine: Global Markets" report has been added to ResearchAndMarkets.com's offering.

The Gas and Steam Turbine Market was valued at USD 31 Billion in 2025, and is projected to reach USD 37.5 Billion by 2030, rising at a CAGR of 3.4%.

This report analyzes the global market for gas and steam turbines by technology, capacity and end user for the gas turbines market and by cycle, capacity and sector for the steam turbines market. The report examines the technological and competitive aspects and economic trends that impact the market. Patent analysis for the gas and steam turbine market is included to provide insight into the competitive dynamics of the global market. The report concludes with detailed profiles of the major companies in the market.

The report also includes a regional analysis that covers North America, Europe, Asia-Pacific and the Rest of the World (i.e., South America and the Middle East and Africa) and examines the current and future factors influencing market demand. The base year is 2024, 2025 the estimated year, and market values are forecast for five years through 2030. All market values are in U.S. dollars (million).

The report includes:

  • In-depth analysis of the global market for gas and steam turbines
  • Analyses of the global market trends, with revenue data for 2024, estimates for 2025, forecasts for 2026 and 2029, projected CAGRs through 2030
  • Estimates of the market size and revenue growth prospects, accompanied by a market share analysis by type, technology, capacity, cycle, end user, application sector and region
  • Facts and figures about market dynamics, technological advances, regulations, prospects and the impact of macroeconomic variables
  • Insights derived from Porter's Five Forces analyses
  • Analysis of the industry structure, including companies' market shares and rankings, strategic initiatives, M&A activity and a venture funding outlook
  • Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes, as well as the ESG risk ratings and practices of leading companies

Profiles of the Leading Companies

  • Ansaldo Energia
  • Baker Hughes Co.
  • Doosan Enerbility
  • Fuji Electric Co. Ltd.
  • GE Vernova
  • Kawasaki Heavy Industries Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Shanghai Electric
  • Siemens Energy
  • Toshiba America Energy Systems Corp.

Key Attributes:

Report Attribute Details
No. of Pages 140
Forecast Period 2025 - 2030
Estimated Market Value (USD) in 2025 $31 Billion
Forecasted Market Value (USD) by 2030 $37.5 Billion
Compound Annual Growth Rate 3.4%
Regions Covered Global

Key Topics Covered:

Chapter 1 Executive Summary

  • Market Outlook
  • Scope of Report
  • Market Summary
  • Technological Advances and Applications
  • Market Dynamics and Growth Factors
  • Trends and Developments
  • Segmental Analysis
  • Regional Insights and Emerging Markets
  • Conclusion

Chapter 2 Market Overview

  • Current Market Overview
  • Future Scenarios
  • Porter's Five Forces Analysis for the Gas and Steam Turbine Market
  • Bargaining Power of Buyers
  • Bargaining Power of Suppliers
  • Potential for New Entrants to the Market
  • Competition in the Industry
  • Threat of Substitutes
  • Impact of U.S. Tariffs

Chapter 3 Market Dynamics

  • Overview
  • Market Drivers
  • Demand for Electricity
  • Technological Advances in Steam and Gas Turbines
  • Market Restraints
  • Environmental and Regulatory Concerns
  • High Initial Investment
  • Market Opportunities
  • Combined-Cycle Power Plants
  • Industrialization

Chapter 4 Emerging Technologies and Developments

  • Overview
  • Emerging Technologies for Steam Turbines
  • Micro Steam Turbines
  • Advances in Steam Turbine Technology
  • Ammonia-Powered Gas Turbines
  • Advances in Gas Turbines
  • Patent Analysis
  • Overview
  • Key Patents
  • Key Takeaways

Chapter 5 Market Segmentation Analysis

  • Segmentation Breakdown
  • Gas Turbine Market
  • Steam Turbine Market
  • Global Gas and Steam Turbine Market
  • Key Takeaways
  • Gas Turbines
  • Steam Turbines
  • Global Gas Turbine Market, by Technology
  • Key Takeaways
  • Open Cycle
  • Combined Cycle
  • Global Gas Turbine Market, by Capacity
  • Key Takeaways
  • Less Than 120 MW
  • 121 to 300 MW
  • Above 300 MW
  • Global Gas Turbine Market, by End User
  • Key Takeaways
  • Power Utilities
  • Oil and Gas
  • Manufacturing
  • Aviation
  • Others
  • Global Steam Turbine Market, by Cycle
  • Key Takeaways
  • Simple Cycle
  • Combined Cycle
  • Cogeneration
  • Global Steam Turbine Market, by Capacity
  • Key Takeaways
  • Below 350 MW
  • 350 to 750 MW
  • Above 750 MW
  • Global Steam Turbine Market, by End User
  • Key Takeaways
  • Utilities
  • Industrial
  • Geographic Segmentation
  • Global Gas and Steam Turbine Market, by Region
  • Key Takeaways
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Chapter 6 Competitive Intelligence

  • Overview
  • Market Share Analysis
  • Product Mapping Analysis
  • Strategic Analysis
  • Contracts

For more information about this report visit https://www.researchandmarkets.com/r/3mq7ja

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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