Europe Aeroderivative Gas Turbine Market Growth, Demand, Opportunities By 2034
Europe Aeroderivative Gas Turbine Market Growth, Size, Trends Analysis - By Capacity, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: POAE2551 | Pages: 1 - 175 | Formats*: |
| Category : Power & Energy | |||
Europe Aeroderivative Gas Turbine Market Introduction and Overview
According to SPER Market Research, the Europe Aeroderivative Gas Turbine Market is estimated to reach USD 1.94 billion by 2034 with a CAGR of 5.95%.
The report includes an in-depth analysis of the Europe Aeroderivative Gas Turbine Market, including market size and trends, product mix, Applications, and supplier analysis. The market for Europe's aeroderivative gas turbines was estimated to be worth USD 1.09 billion in 2024 and is projected to expand at a compound annual growth rate (CAGR) of 5.95% between 2025 and 2034. The market is growing due to decarbonization goals, which promote the use of these turbines in LNG liquefaction and renewable energy. Innovations in fuel compatibility and material strength are improving turbine capabilities. The energy crisis is boosting the demand for these turbines due to their efficiency and reliability in power generation.
By Capacity Insights
The market for aeroderivative gas turbines in 2024 was dominated by those with capacities between 500 kW and 1 MW. Product deployment will increase due to the growing use of distributed energy and microgrid systems in off-grid and rural places. Large-scale initiatives involving the extraction and trading of natural gas, along with the increase in regional energy consumption, will set off a positive growth trajectory for the sector.
By Technology Insights.
The combined cycle aeroderivative gas turbine market is expected to develop through 2034. The transition to merging renewable energy sources with thoughtful energy efficiency agreements is expected to drive product deployment. Furthermore, the implementation of efficient energy utilisation government regulations has shifted consumer preferences and regulatory measures towards the progress of combined cycle power unit systems, hence strengthening the business landscape.
Regional Insights
In 2024, the UK dominated the market for aeroderivative gas turbines. The business outlook will improve due to the increased focus on replacing coal-based power plants and the quick implementation of sustainable energy resources. The business outlook will be significantly impacted by ongoing attempts to increase power capacity in order to meet rising demand. There will be plenty of opportunity for industry growth due to large expenditures in power generation facilities and regulatory authorities' growing propensity to switch to greener energy sources.
Market Competitive Landscape
The European Aeroderivative gas turbine market is relatively consolidated. Ansaldo Energia is a regional leader in providing cutting-edge solutions across numerous industries. The organisation, which specialises in power production, energy solutions, and engineering services, provides innovative technologies and dependable services to a wide range of industries. With a strong commitment to sustainability and customer happiness, it continues to lead the industry in revolutionary innovation that improves performance, efficiency, and environmental stewardship while furthering societal advancement.
Recent Developments:
- General Electric's announcement in September 2023 of the successful introduction of its newest gas turbine technology, which aims to reduce emissions and increase efficiency, reflected the industry's drive towards sustainability.
- Ansaldo Energia was awarded a substantial contract in December 2023 for a GT36 turbine in Germany, adding to the country's decarbonisation efforts. Collaborating with Tecnicas Reunidas and a leading German utility, Ansaldo Energia will provide key components for a hydrogen-ready combined cycle power plant. The GT36 has a power capacity of 800 MW and supports Germany’s clean energy objectives.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Capacity, By Technology, By Application |
| Regions covered | France, Germany, Italy, Spain, United Kingdom, Rest of Europe |
| Companies Covered | Ansaldo Energia, Baker Hughes Company, Bharat Heavy Electricals Limited, Capstone Green Energy Corporation, Collins Aerospace, General Electric, Harbin Electric Corporation, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries, OPRA Turbines, Pratt & Whitney. |
- Europe Aeroderivative Gas Turbine Market Size (FY’2021-FY’2034)
- Overview of Europe Aeroderivative Gas Turbine Market
- Segmentation of Europe Aeroderivative Gas Turbine Market By Capacity (≤ 50 kW, > 50 to 500 kW, > 500 kW to 1 MW, > 1 to 30 MW, > 30 to 70 MW, > 70 MW)
- Segmentation of Europe Aeroderivative Gas Turbine Market By Technology (Open Cycle, Combined Cycle)
- Segmentation of Europe Aeroderivative Gas Turbine Market By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine, Others)
- Statistical Snap of Europe Aeroderivative Gas Turbine Market
- Expansion Analysis of Europe Aeroderivative Gas Turbine Market
- Problems and Obstacles in Europe Aeroderivative Gas Turbine Market
- Competitive Landscape in the Europe Aeroderivative Gas Turbine Market
- Details on Current Investment in Europe Aeroderivative Gas Turbine Market
- Competitive Analysis of Europe Aeroderivative Gas Turbine Market
- Prominent Players in the Europe Aeroderivative Gas Turbine Market
- SWOT Analysis of Europe Aeroderivative Gas Turbine Market
- Europe Aeroderivative Gas Turbine Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4.Market Dynamics
- 4.1.Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges
5.Market variable and outlook
- 5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
- 5.2.PESTEL Analysis
- 5.2.1.Political Landscape
- 5.2.2.Economic Landscape
- 5.2.3.Social Landscape
- 5.2.4.Technological Landscape
- 5.2.5.Environmental Landscape
- 5.2.6.Legal Landscape
- 5.3.PORTER’s Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
- 5.4.Heat Map Analysis
6. Competitive Landscape
- 6.1.Europe Aeroderivative Gas Turbine Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2.Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Aeroderivative Gas Turbine Market
7. Europe Aeroderivative Gas Turbine Market, By Capacity (USD Million) 2021-2034
- 7.1.≤ 50 kW
- 7.2.> 50 kW to 500 kW
- 7.3.> 500 kW to 1 MW
- 7.4.> 1 MW to 30 MW
- 7.5.> 30 MW to 70 MW
- 7.6.> 70 MW
8. Europe Aeroderivative Gas Turbine Market, By Technology (USD Million) 2021-2034
- 8.1.Open Cycle
- 8.2.Combined Cycle
9. Europe Aeroderivative Gas Turbine Market, By Application (USD Million) 2021-2034
- 9.1.Power Plants
- 9.2.Oil & Gas
- 9.3.Process Plants
- 9.4.Aviation
- 9.5.Marine
- 9.6.Others
10. Europe Aeroderivative Gas Turbine Market, (USD Million) 2021-2034
- 10.1. Europe Aeroderivative Gas Turbine Market Size and Market Share
11. Europe Aeroderivative Gas Turbine Market, By Region, (USD Million) 2021-2034
- 11.1.France
- 11.2.Germany
- 11.3.Italy
- 11.4.Spain
- 11.5.United Kingdom
- 11.6.Rest of Europe
12. Company Profile
- 12.1. Ansaldo Energia
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Baker Hughes Company
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Bharat Heavy Electricals Limited
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Capstone Green Energy Corporation
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. Collins Aerospace
- 12.5.1. Company details
- 12.5.2. Financial outlook
- 12.5.3. Product summary
- 12.5.4. Recent developments
- 12.6. General Electric
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Harbin Electric Corporation
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. Kawasaki Heavy Industries, Ltd
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. MAN Energy Solutions
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Mitsubishi Heavy Industries
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. OPRA Turbines
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developments
- 12.12. Pratt & Whitney
- 12.12.1. Company details
- 12.12.2. Financial outlook
- 12.12.3. Product summary
- 12.12.4. Recent developments
- 12.13. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Europe Aeroderivative Gas Turbine Market is projected to reach USD 1.94 billion by 2034, growing at a CAGR of of 5.95% during the forecast period.
Europe Aeroderivative Gas Turbine Market grew in Market size from 2025. The Market is expected to reach USD 1.94 billion by 2034, at a CAGR of 5.95% during the forecast period.
Europe Aeroderivative Gas Turbine Market CAGR of 5.95% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Europe Aeroderivative Gas Turbine Market size is USD 5.95 billion from 2025 to 2034.
Europe Aeroderivative Gas Turbine Market is covered By Capacity, By Technology, By Application
France, Germany, Italy, Spain, United Kingdom, Rest of Europe
Ansaldo Energia, Baker Hughes Company, Bharat Heavy Electricals Limited, Capstone Green Energy Corporation, Collins Aerospace, General Electric, Harbin Electric Corporation, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries, OPRA Turbines, Pratt & Whitney.
The report includes an in-depth analysis of the Global Europe Aeroderivative Gas Turbine Market, including market size and trends, product mix, Applications, and supplier analysis.
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