Key Insights
The European gas turbine market, valued at approximately €7.8 billion in 2025, is projected for significant expansion. Driven by a compound annual growth rate (CAGR) of 5.1% from 2025 to 2033, market growth is underpinned by the accelerating energy transition, requiring dependable power generation infrastructure to complement renewable energy sources. Increasing industrialization across sectors like oil & gas and power generation further fuels demand for advanced, high-capacity gas turbines. Technological advancements focusing on enhanced efficiency, reduced emissions, and improved digital capabilities are key adoption drivers. The market is segmented by end-user industry (Oil & Gas, Power, Other) and turbine type (Combined Cycle, Open Cycle), with the power generation sector holding a dominant share. Leading manufacturers are actively investing in R&D, product innovation, and strategic alliances. Germany, France, and the UK are expected to be key growth contributors due to robust industrial bases and energy infrastructure development.
Europe Gas Turbine Market Market Size (In Billion)
Despite positive growth projections, the market confronts challenges. Stringent environmental regulations targeting greenhouse gas emissions present hurdles for conventional gas turbine technologies. Fluctuations in raw material costs and potential economic downturns may also impact market expansion. In response, manufacturers are prioritizing the development of cleaner-burning gas turbines and hybrid solutions integrating renewable energy. The competitive landscape features established players and emerging companies, fostering intense competition based on technology, pricing, and customer service. The European gas turbine market maintains a positive outlook, anticipating sustained growth driven by technological innovation, evolving regulations, and ongoing industrialization.
Europe Gas Turbine Market Company Market Share
Europe Gas Turbine Market Report: 2019-2033 Forecast
Unlock the potential of the burgeoning Europe Gas Turbine Market with this comprehensive report, providing in-depth analysis and actionable insights for informed decision-making. This meticulously researched report covers the period 2019-2033, with a focus on the 2025-2033 forecast period. The base year for the report is 2025, providing a current snapshot of the market landscape. This report analyzes market dynamics, industry trends, leading segments, key players, and future opportunities, providing a 360° view of the Europe Gas Turbine Market. The market is projected to reach XX Million by 2033, exhibiting a CAGR of XX% during the forecast period.
Europe Gas Turbine Market Market Dynamics & Concentration
The Europe Gas Turbine Market is characterized by a moderate level of concentration, with several key players holding significant market share. While Siemens AG, General Electric Company, and Mitsubishi Hitachi Power Systems Ltd. dominate, smaller players like MTU Aero Engines Ag / Vericor Power Systems LLC and Solar Turbines Europe SA contribute significantly to market dynamism. Market share distribution is expected to evolve through mergers and acquisitions (M&A) activities. Between 2019 and 2024, there were approximately xx M&A deals, influencing market consolidation.
- Innovation Drivers: Advancements in materials science, digitalization (predictive maintenance and IoT integration), and increased efficiency in gas turbine technology are driving market growth.
- Regulatory Frameworks: Stringent emission regulations (e.g., EU's emission standards) are driving demand for cleaner and more efficient gas turbines, compelling manufacturers to invest in R&D.
- Product Substitutes: Renewables such as wind and solar power pose some competitive pressure, however, gas turbines still hold a vital role in flexible power generation and peaking power.
- End-User Trends: The growing demand for reliable and efficient power generation across various industries, including oil & gas and power sectors, fuels market expansion.
- M&A Activity: Ongoing consolidation through mergers and acquisitions is reshaping the competitive landscape, leading to larger, more integrated players.
Europe Gas Turbine Market Industry Trends & Analysis
The Europe Gas Turbine Market is experiencing robust growth driven by increasing energy demand, infrastructural development, and the need for reliable power generation. The market's CAGR is projected at XX% from 2025-2033. This growth is significantly influenced by several factors:
- Technological Disruptions: The integration of digital technologies, particularly AI and machine learning for predictive maintenance and optimized performance, is transforming the sector.
- Consumer Preferences: The increasing preference for cleaner energy solutions is driving the adoption of advanced gas turbine technologies with reduced emissions.
- Competitive Dynamics: Intense competition among established players is resulting in continuous product innovation and improvements in efficiency and cost-effectiveness.
- Market Penetration: The market penetration of advanced gas turbines with higher efficiency and lower emissions is steadily increasing, particularly in the power generation sector. Market penetration increased by xx% between 2019 and 2024.
Leading Markets & Segments in Europe Gas Turbine Market
The power generation segment dominates the Europe Gas Turbine Market, accounting for approximately xx% of total market revenue in 2025. Germany, France, and the UK are the leading markets.
Key Drivers:
- Oil and Gas: Strong demand for gas turbines in offshore and onshore applications within oil & gas operations.
- Power: Significant investments in power generation infrastructure, particularly in combined cycle power plants, drive market expansion.
- Other End-user Industries: Growing adoption of gas turbines in industrial processes and distributed generation systems.
- Combined Cycle: The majority of gas turbine installations are combined-cycle, driven by higher efficiency and lower emissions.
- Open Cycle: Open-cycle gas turbines find applications in peaking power generation and other specialized uses.
Dominance Analysis:
The dominance of the power generation sector is attributed to increasing electricity demand and the need for reliable power infrastructure across Europe. The growth in renewable energy sources also contributes to the market's expansion as gas turbines provide critical grid stability and flexibility.
Europe Gas Turbine Market Product Developments
Recent product developments focus on enhancing efficiency, reducing emissions, and integrating digital technologies. Manufacturers are focusing on advanced materials, improved combustion systems, and data analytics for predictive maintenance. These innovations aim to improve operational reliability, decrease fuel consumption, and minimize environmental impact, increasing the market fit for these new offerings.
Key Drivers of Europe Gas Turbine Market Growth
Several factors are driving the growth of the Europe Gas Turbine Market. These include:
- Technological advancements leading to increased efficiency and reduced emissions.
- Governmental policies promoting energy security and supporting renewable energy integration (gas turbines play a crucial role in grid stability).
- Economic growth across Europe fueling the demand for electricity.
Challenges in the Europe Gas Turbine Market Market
The Europe Gas Turbine Market faces challenges including:
- Stringent environmental regulations increasing compliance costs.
- Fluctuating fuel prices impacting operational costs.
- Intense competition from other power generation technologies.
Emerging Opportunities in Europe Gas Turbine Market
Emerging opportunities include technological advancements in hydrogen combustion, integrating gas turbines into hydrogen-based energy systems, and partnerships to develop innovative solutions. Market expansion into Eastern Europe is another potential avenue for growth.
Leading Players in the Europe Gas Turbine Market Sector
- MTU Aero Engines Ag / Vericor Power Systems LLC
- Solar Turbines Europe SA
- Man Diesel and Turbo SE
- Bharat Heavy Electricals Limited
- Siemens AG
- Mitsubishi Hitachi Power Systems Ltd
- General Electric Company
- Harbin Electric International Company Limited
- Kawasaki Heavy Industries Ltd
Key Milestones in Europe Gas Turbine Market Industry
- 2020: Introduction of a new high-efficiency gas turbine model by Siemens AG.
- 2021: Merger between two smaller gas turbine manufacturers in the UK.
- 2022: Launch of a digital platform for predictive maintenance by GE.
- 2023: Implementation of new emission standards across the EU impacting the market.
Strategic Outlook for Europe Gas Turbine Market Market
The Europe Gas Turbine Market is poised for continued growth, driven by technological innovation, increasing energy demands, and the need for reliable and efficient power generation. Strategic partnerships, R&D investments, and expansion into new markets represent significant opportunities for market players.
Europe Gas Turbine Market Segmentation
-
1. End-User Industry
- 1.1. Oil and Gas
- 1.2. Power
- 1.3. Other End-user Industries
-
2. Type
- 2.1. Combined Cycle
- 2.2. Open Cycle
Europe Gas Turbine Market Segmentation By Geography
- 1. United Kingdom
- 2. Germany
- 3. France
- 4. Rest of Europe
Europe Gas Turbine Market Regional Market Share
Geographic Coverage of Europe Gas Turbine Market
Europe Gas Turbine Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 5.1% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. 4.; Supportive Government Policies and Incentives4.; Environmental Concerns
- 3.3. Market Restrains
- 3.3.1. 4.; Fossil Fuel Subsidies
- 3.4. Market Trends
- 3.4.1. Gas-based Power Generation to Drive the market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Europe Gas Turbine Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by End-User Industry
- 5.1.1. Oil and Gas
- 5.1.2. Power
- 5.1.3. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Type
- 5.2.1. Combined Cycle
- 5.2.2. Open Cycle
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. United Kingdom
- 5.3.2. Germany
- 5.3.3. France
- 5.3.4. Rest of Europe
- 5.1. Market Analysis, Insights and Forecast - by End-User Industry
- 6. United Kingdom Europe Gas Turbine Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by End-User Industry
- 6.1.1. Oil and Gas
- 6.1.2. Power
- 6.1.3. Other End-user Industries
- 6.2. Market Analysis, Insights and Forecast - by Type
- 6.2.1. Combined Cycle
- 6.2.2. Open Cycle
- 6.1. Market Analysis, Insights and Forecast - by End-User Industry
- 7. Germany Europe Gas Turbine Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by End-User Industry
- 7.1.1. Oil and Gas
- 7.1.2. Power
- 7.1.3. Other End-user Industries
- 7.2. Market Analysis, Insights and Forecast - by Type
- 7.2.1. Combined Cycle
- 7.2.2. Open Cycle
- 7.1. Market Analysis, Insights and Forecast - by End-User Industry
- 8. France Europe Gas Turbine Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by End-User Industry
- 8.1.1. Oil and Gas
- 8.1.2. Power
- 8.1.3. Other End-user Industries
- 8.2. Market Analysis, Insights and Forecast - by Type
- 8.2.1. Combined Cycle
- 8.2.2. Open Cycle
- 8.1. Market Analysis, Insights and Forecast - by End-User Industry
- 9. Rest of Europe Europe Gas Turbine Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by End-User Industry
- 9.1.1. Oil and Gas
- 9.1.2. Power
- 9.1.3. Other End-user Industries
- 9.2. Market Analysis, Insights and Forecast - by Type
- 9.2.1. Combined Cycle
- 9.2.2. Open Cycle
- 9.1. Market Analysis, Insights and Forecast - by End-User Industry
- 10. Competitive Analysis
- 10.1. Market Share Analysis 2025
- 10.2. Company Profiles
- 10.2.1 MTU Aero Engines Ag / Vericor Power Systems LLC
- 10.2.1.1. Overview
- 10.2.1.2. Products
- 10.2.1.3. SWOT Analysis
- 10.2.1.4. Recent Developments
- 10.2.1.5. Financials (Based on Availability)
- 10.2.2 Solar Turbines Europe SA
- 10.2.2.1. Overview
- 10.2.2.2. Products
- 10.2.2.3. SWOT Analysis
- 10.2.2.4. Recent Developments
- 10.2.2.5. Financials (Based on Availability)
- 10.2.3 Man Diesel and Turbo SE
- 10.2.3.1. Overview
- 10.2.3.2. Products
- 10.2.3.3. SWOT Analysis
- 10.2.3.4. Recent Developments
- 10.2.3.5. Financials (Based on Availability)
- 10.2.4 Bharat Heavy Electricals Limited
- 10.2.4.1. Overview
- 10.2.4.2. Products
- 10.2.4.3. SWOT Analysis
- 10.2.4.4. Recent Developments
- 10.2.4.5. Financials (Based on Availability)
- 10.2.5 Siemens AG
- 10.2.5.1. Overview
- 10.2.5.2. Products
- 10.2.5.3. SWOT Analysis
- 10.2.5.4. Recent Developments
- 10.2.5.5. Financials (Based on Availability)
- 10.2.6 Mitsubishi Hitachi Power Systems Ltd
- 10.2.6.1. Overview
- 10.2.6.2. Products
- 10.2.6.3. SWOT Analysis
- 10.2.6.4. Recent Developments
- 10.2.6.5. Financials (Based on Availability)
- 10.2.7 General Electric Company
- 10.2.7.1. Overview
- 10.2.7.2. Products
- 10.2.7.3. SWOT Analysis
- 10.2.7.4. Recent Developments
- 10.2.7.5. Financials (Based on Availability)
- 10.2.8 Harbin Electric International Company Limited
- 10.2.8.1. Overview
- 10.2.8.2. Products
- 10.2.8.3. SWOT Analysis
- 10.2.8.4. Recent Developments
- 10.2.8.5. Financials (Based on Availability)
- 10.2.9 Kawasaki Heavy Industries Ltd
- 10.2.9.1. Overview
- 10.2.9.2. Products
- 10.2.9.3. SWOT Analysis
- 10.2.9.4. Recent Developments
- 10.2.9.5. Financials (Based on Availability)
- 10.2.1 MTU Aero Engines Ag / Vericor Power Systems LLC
List of Figures
- Figure 1: Europe Gas Turbine Market Revenue Breakdown (billion, %) by Product 2025 & 2033
- Figure 2: Europe Gas Turbine Market Share (%) by Company 2025
List of Tables
- Table 1: Europe Gas Turbine Market Revenue billion Forecast, by End-User Industry 2020 & 2033
- Table 2: Europe Gas Turbine Market Volume K Unit Forecast, by End-User Industry 2020 & 2033
- Table 3: Europe Gas Turbine Market Revenue billion Forecast, by Type 2020 & 2033
- Table 4: Europe Gas Turbine Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 5: Europe Gas Turbine Market Revenue billion Forecast, by Region 2020 & 2033
- Table 6: Europe Gas Turbine Market Volume K Unit Forecast, by Region 2020 & 2033
- Table 7: Europe Gas Turbine Market Revenue billion Forecast, by End-User Industry 2020 & 2033
- Table 8: Europe Gas Turbine Market Volume K Unit Forecast, by End-User Industry 2020 & 2033
- Table 9: Europe Gas Turbine Market Revenue billion Forecast, by Type 2020 & 2033
- Table 10: Europe Gas Turbine Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 11: Europe Gas Turbine Market Revenue billion Forecast, by Country 2020 & 2033
- Table 12: Europe Gas Turbine Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 13: Europe Gas Turbine Market Revenue billion Forecast, by End-User Industry 2020 & 2033
- Table 14: Europe Gas Turbine Market Volume K Unit Forecast, by End-User Industry 2020 & 2033
- Table 15: Europe Gas Turbine Market Revenue billion Forecast, by Type 2020 & 2033
- Table 16: Europe Gas Turbine Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 17: Europe Gas Turbine Market Revenue billion Forecast, by Country 2020 & 2033
- Table 18: Europe Gas Turbine Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 19: Europe Gas Turbine Market Revenue billion Forecast, by End-User Industry 2020 & 2033
- Table 20: Europe Gas Turbine Market Volume K Unit Forecast, by End-User Industry 2020 & 2033
- Table 21: Europe Gas Turbine Market Revenue billion Forecast, by Type 2020 & 2033
- Table 22: Europe Gas Turbine Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 23: Europe Gas Turbine Market Revenue billion Forecast, by Country 2020 & 2033
- Table 24: Europe Gas Turbine Market Volume K Unit Forecast, by Country 2020 & 2033
- Table 25: Europe Gas Turbine Market Revenue billion Forecast, by End-User Industry 2020 & 2033
- Table 26: Europe Gas Turbine Market Volume K Unit Forecast, by End-User Industry 2020 & 2033
- Table 27: Europe Gas Turbine Market Revenue billion Forecast, by Type 2020 & 2033
- Table 28: Europe Gas Turbine Market Volume K Unit Forecast, by Type 2020 & 2033
- Table 29: Europe Gas Turbine Market Revenue billion Forecast, by Country 2020 & 2033
- Table 30: Europe Gas Turbine Market Volume K Unit Forecast, by Country 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Europe Gas Turbine Market?
The projected CAGR is approximately 5.1%.
2. Which companies are prominent players in the Europe Gas Turbine Market?
Key companies in the market include MTU Aero Engines Ag / Vericor Power Systems LLC, Solar Turbines Europe SA, Man Diesel and Turbo SE, Bharat Heavy Electricals Limited, Siemens AG, Mitsubishi Hitachi Power Systems Ltd, General Electric Company, Harbin Electric International Company Limited, Kawasaki Heavy Industries Ltd.
3. What are the main segments of the Europe Gas Turbine Market?
The market segments include End-User Industry, Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 7.8 billion as of 2022.
5. What are some drivers contributing to market growth?
4.; Supportive Government Policies and Incentives4.; Environmental Concerns.
6. What are the notable trends driving market growth?
Gas-based Power Generation to Drive the market.
7. Are there any restraints impacting market growth?
4.; Fossil Fuel Subsidies.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion and volume, measured in K Unit.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Europe Gas Turbine Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Europe Gas Turbine Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Europe Gas Turbine Market?
To stay informed about further developments, trends, and reports in the Europe Gas Turbine Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence