Asia Pacific Heavy Duty Gas Turbine Market Size

The Asia Pacific heavy-duty gas turbine market was valued at USD 4.4 billion in 2023 and is expected to grow at a CAGR of 5.6% through 2032. Increasing awareness of environmental issues along with increasing consumer shift towards cleaner energy sources will drive business growth.

A High performance gas turbine is designed to generate large amounts of electricity in industrial and utility plants. These turbines are designed to operate continuously at high temperatures and pressures, making them ideal for demanding environments. They are used in power plants to generate electricity for industries and large-scale facilities. Due to the growing demand for electricity generation and increasing regional industrialization, the industry is poised for expansion.

Market trends for high-performance gas turbines in Asia Pacific

The high-performance gas turbine industry is witnessing strong growth, driven by technological advancements and rising demand for energy efficiency. The increasing industry focus on reducing carbon emissions and improving operational efficiency will drive business growth. The growing preference for advanced gas turbines with higher output and lower emissions will dictate the industry scenario. The key trends include development of more efficient and flexible turbines that can run on renewable fuels and integration of digital technologies for improved monitoring and control. Furthermore, emerging markets are expanding their energy infrastructure, which further contributes to the increasing adoption of gas turbines.

Asia Pacific Heavy Duty Gas Turbine Market Analysis

The high power gas turbine market with capacity >70 MW to 200 MW will exceed USD 1 billion by 2032. The increasing power demand coupled with the growing demand for efficient power generation solutions will boost the industry potential. These turbines are integral to various industrial applications including power plants, marine propulsion and large HVAC systems. Their high power density, reliability and efficiency make them ideal for both standalone and combined cycle configurations.

The high-capacity open-cycle gas turbine market is expected to witness a growth rate of over 5.5% through 2032. These systems are widely used in power plants, especially for peaking and emergency generators, due to their ability to ramp up quickly and adapt to varying loads. In addition, the ongoing shift toward clean energy and the replacement of aging coal-fired power plants are contributing to industry growth.

The Chinese heavy-duty gas turbine market is expected to exceed USD 3 billion by 2032. Rising energy demand and industrialization in line with increasing efforts to reduce carbon emissions will improve the business outlook. The industry is supported by government policies to promote energy efficiency and greenhouse gas reduction. Ongoing modernization of power generation infrastructure with the aim of balancing the energy mix will further positively impact business growth.

Regulatory norms for sustainable development coupled with a strong focus on energy efficiency and reliability will boost the Indian heavy-duty gas turbine market. The government has taken supportive measures to encourage the use of gas turbines, emphasizing the need for cleaner and more flexible power generation methods. Stringent environmental regulations in line with the drive for decarbonization are driving technological improvements in gas turbine technology, thereby revitalizing the industrial landscape.

Market share for high-performance gas turbines in the Asia-Pacific region

Doosan Enerbility is one of the world’s leading integrated energy solutions providers and specializes in the design and manufacture of high-performance gas turbines. The company is known for its innovative approach to developing highly efficient turbines that meet the demanding requirements of modern power generation. Its turbines are designed for exceptional performance, reliability and operational flexibility and are suitable for both large-scale power plants and industrial applications. The company invests heavily in research and development to continuously improve the efficiency and environmental performance of its gas turbine technology and to position itself as a key player in the global energy transition towards cleaner and more sustainable energy sources.

Companies in the Asia-Pacific heavy-duty gas turbine market

The key players in the industry include:

• Ansaldo Energy
• Bharat Heavy Electricals Limited (BHEL)
• Capstone Green Energy Corporation
• Doosan Energy
• Flex energy solutions
• General Electrics
• Harbin Electric Corporation Co., Ltd.
• Kawasaki Heavy Industries, Ltd.
• MAN Energy Solutions
• Mitsubishi Heavy Industries Ltd.
• Nanjing Turbine and Electrical Machinery (Group) Co., Ltd.
• Opra Turbines
• Rolls Royce PLC
• Siemens
• Solar Turbines Incorporated
• Wärtsilä
  

News from the heavy-duty gas turbine industry in Asia Pacific

• In August 2024, Mitsubishi Power received orders for gas and steam turbines for a 500 MW combined cycle power plant in Sarawak, Malaysia. The company will supply an M701F gas turbine, which enables 30 percent hydrogen co-combustion, for the 500 MW GTCC plant, which is scheduled to start operations in 2027. In addition to the equipment, Mitsubishi Power will also supply auxiliary systems and dispatch technical consultants to assist with installation and commissioning.
  
• In June 2023, MAN Energy Solutions announced that CSIC Longjiang GH Gas Turbine Co Ltd. in China had purchased the company’s turbine business. The transaction includes a site guarantee for the Oberhausen and Zurich sites for around five years in order to preserve jobs. The company will continue to offer its regular services to its current gas turbine customers under the new ownership.
  

This Asia Pacific Heavy Duty Gas Turbine Market research report provides detailed coverage of the industry with estimates and forecasts in “MW” and “millions USD” from 2021 to 2032, for the following segments:

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Market, by capacity

• ≤ 50kW
• > 50 kW to 500 kW
• > 500 kW to 1 MW
• > 1 MW to 30 MW
• > 30 MW to 70 MW
• > 70 MW to 200 MW
• > 200 MW

Market, by technology

• Open cycle
• Combined cycle power plants

Market, by application

• Power plants
• Oil and Gas
• Process plants
• aviation
• marine
• Miscellaneous

The above information was provided for the following countries:

• China
• Australia
• Japan
• South Korea
• Indonesia
• Thailand
• Malaysia
• Bangladesh